How they would measure and adjust performance of business

Assignment Help Business Management
Reference no: EM131178293

Cost drivers are the elements of a business that typically create or originate costs that must be covered by the associated revenues of the business. As an owner, focusing on these cost drivers is critical to the success of your business.

For this module's project piece:

• In a 1-2 page Word document, use the cost objects and management method that were previously defined in the project to identify three to five cost drivers that would be encountered in your business type.

o Using these cost drivers, explain how they would measure, manage, and adjust the performance of the business against these drivers.

Reference no: EM131178293

Questions Cloud

How many different scoring scenarios are possible : How many different scoring scenarios are possible if the game is settled in the first round of 10 penalty kicks, where the round ends once it is impossible for a team to equal the number of goals scored by the other team?
Should ebay establish the distribution cente : Ebay is considering whether to establish a sale distribution center in China. Given the large Chinese consumer market, Eaby estimates that its net sales revenues will be 15 million yuans in the first year, 20 million yuans in the second year, and 35 ..
Create a table in word to insert your calculations : Striker Auto is looking into their car manufacturing costs at its Kansas City Plant. Create a table in Word to insert your calculations and submit the completed table for this module's assignment.
Expect the pacific oceanto : The CCD (Carbonate Composition Depth) is the water depth atwhich the rate of supply of calcium carbonates from the surface isequal to the rate of dissolution. Do you expect the Pacific Oceanto have a shallower or deeper CCD than the Atlantic Ocean..
How they would measure and adjust performance of business : Using these cost drivers, explain how they would measure, manage, and adjust the performance of the business against these drivers.
Compute the net working capital cash flow : Compute the Net Working Capital cash flow required by the new production line. Compute the expected  Operating Cash Flow from the production line
Activity based costing : East Coast Marine Ltd (ECM) manufactures parts for small marine craft.-  Over the past decade, ECM's management has met its goal of reducing its reliance on government contract work to 50 per cent of total sales.
How has social networking impacted e-commerce : Briefly summarize the nature of social networking. How has social networking impacted e-commerce? In what ways have small businesses used social networking to increase their exposure?
Describe an example of a specific cost function : Describe an example of a specific cost function, and its associated cost driver. In your description, discuss how changes in the cost driver will impact that cost function and what types of cost behaviors you would expect and why.

Reviews

Write a Review

Business Management Questions & Answers

  Measure of central tendency

Measure of Central Tendency

  Total rewards offered in organizations

Share at least two examples for how the changes in demographics have resulted in changes to total rewards offered in organizations.

  Question related to emotional intelligence

Explain emotional intelligence. Why does a leader need good emotional intelligence and shouldn't a leader be a take-charge person focused on obtaining results like making money or winning ball games?

  What could nestlé have done better in implementing sap

The primary lesson that Dunn says she gained from this project is "No major software implementation is really about the software. It"s about change management." Do you agree with her statement?

  Develop a pro forma balance sheet

If BTC anticipates sales of $40 million during the coming year, develop a pro forma balance sheet for the firm on December 31, 2014. Assume that current assets vary as a percent of sales, net fixed assets remain unchanged, and accounts payable var..

  Assess how these segments affect the corporation

Choose the two (2) segments of the general environment that would rank highest in their influence on the corporation you chose. Assess how these segments affect the corporation you chose and the industry in which it operates

  Compute the business to be worth

Explain Based on the balance sheet method, what do you calculate the business to be worth and Based on the capitalized earnings method, what do you calculate the business to be worth

  Describe relationship between pay structure change

Describe the relationship between pay structure change and market conditions and show the major issues and sub-issues that influence the employee's pay.

  Financial statement disclosures

a.) For purpose s of the audit of the financial statements of Transoceanic, what procedures should the auditors employ in examining the described  loans? b.) What financial statement disclosures should the auditors expect to find with respect to th..

  Important information about transformational and

important information about transformational and transactional leadershipshow the relationship between transformational

  Challenges and opportunities in international business

Can technology be adapted when a company has business in countries of different technological capacities, or does the complexity create too great of a risk for expansion?

  Identify some physical artifacts such as log mascot building

Write on "Organizational Culture". Address the following in your paper: What is Culture Why is it important Internal Integration External Adaptation Also include a description of a culture for an organization you are familiar with. Identify some phys..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd