Briefly discuss the meaning and significance of each of the following terms: a) Benchmarking b) Activity-based costing Describe the skill set and critical success factors of an analytics professional in a business. What might be some drawbacks to using a SWO...
If the marginal cost is falling, what must be true about average variable cost and average total cost? What is marginal costing and how it is differ from standard costing? Explain the law of supply and a firm's marginal cost structure. What are the differences between total, averag...
Budget wants $112.85 for one day and 85 miles one-way. For a round-trip, the cost is the same as U-haul, so a 100 mile round trip ends up costing around $130. Penske wants $180 for a one-way trip, and offers unlimited mileage. The round trip cost is $70, which is a lot mo...
The thing that we did–and we did this also at HubSpot–was that we would always grandfather people and pricing. So, if you had signed up for that $29 plan, we were going to grandfather that forever, never going to take it away. Andrew: That makes sense. The first people who you ...
1) Identify and discuss the advantages and disadvantages of activity-based costing. 2) Does a company's costing method have any effect on its pricing decisions? Explain. What are the advantages and disadvantages of minimax regret criterion?