Order ID | 53563633773 |
Type | Essay |
Writer Level | Masters |
Style | APA |
Sources/References | 4 |
Perfect Number of Pages to Order | 5-10 Pages |
Types of Fixed and Variable Costs Essay Discussion
answer this Question. Discuss Pick out two different businesses/industries with different types of fixed and variable costs (hint: retail and manufacturing).
List the fixed and variable costs for each. Try to guestimate the length of the short run for each.
POST
Hello friend this is my classmate respond If we are talking about retail environments ill use my job as an example Best Buy: Fixed costs: Lease on the building space Employee Salaries ( Assuming we don’t hire more often)Utilities Insurance policies The taxes on the property itself Training Costs Equipment depreciation since you need machines it is technically losing something the more you own them Variable costs Shipping and import costs Fees on credit cards ( Reason why Best Buy pushes the best buy card)Hourly wages ( Since people can work more or less)The short run for a store like best buy is probably between a month to a year since they company would be new and gain traction. it’s only a matter of time before competition takes a shot at the company and provides alternatives for the goods and services provided manufacturing company we can look into maybe a steel plant Fixed costs Lease of building Insurance Equipment depreciation Property taxes Utilities Training Costs Transport costs Tariffs on materialsSalariesVariable costs Hourly Wages Production supplies For a manufacturing company the short run in my mind would be very short as usually there are a lot of different companies supplying the same goods its harder to step into for example the steel industry or even a car industry if you think about it that way as well my guess the longest it would be is between 1 to three months
answer this Question. Discuss Pick out two different businesses/industries with different types of fixed and variable costs (hint: retail and manufacturing).
List the fixed and variable costs for each. Try to guestimate the length of the short run for each.
POST
Hello friend this is my classmate respond If we are talking about retail environments ill use my job as an example Best Buy: Fixed costs: Lease on the building space Employee Salaries ( Assuming we don’t hire more often)Utilities Insurance policies The taxes on the property itself Training Costs Equipment depreciation since you need machines it is technically losing something the more you own them Variable costs Shipping and import costs Fees on credit cards ( Reason why Best Buy pushes the best buy card)Hourly wages ( Since people can work more or less)The short run for a store like best buy is probably between a month to a year since they company would be new and gain traction. it’s only a matter of time before competition takes a shot at the company and provides alternatives for the goods and services provided manufacturing company we can look into maybe a steel plant Fixed costs Lease of building Insurance Equipment depreciation Property taxes Utilities Training Costs Transport costs Tariffs on materialsSalariesVariable costs Hourly Wages Production supplies For a manufacturing company the short run in my mind would be very short as usually there are a lot of different companies supplying the same goods its harder to step into for example the steel industry or even a car industry if you think about it that way as well my guess the longest it would be is between 1 to three months
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