Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Question: Retailing value-adding -explain in a paragraph- (150 words)
Retailing – a set of business activities that adds value to the products and/or services sold to consumers for their personal or family use.
- A retailer is a business that sells products and/or services to consumers
for personal or family use.
What is Retailing?
► Can be store-based or non-store based
► Retailing is the LAST PART of the supply-chain system
► Retailing is the closest link to consumers
► The “power” of retailing for negotiation is increasing by the year
► Provide the right merchandise or service, with the right quality, price, and location to the final customer.
► Retailing involves the sale of merchandise from a fixed location, such as a store, for direct consumption by the customer.
► Retailing creates value for their customers through convenience, timing, information and lifestyle support.
The Retailer’s Role in a
Supply Chain
► Retailers are the final business within a supply chain which links manufacturers to consumers.
► A Supply Chain is a set of firms that make and deliver a given set of goods and services to the ultimate consumer.
► Wholesalers buy and store merchandise in large quantities from manufacturers and then resell the merchandise (usually in smaller quantities) to retailers.
Step by step
Solved in 2 steps
