O'DONNELL, R. The concept of opportunity cost: is it simple, fundamental or necessary? Australasian Journal of Ecnomics Education. v.6, n.1, p.21-37, 2009.O'Donnell, R. 2008. The Concept of Opportunity Cost: Is it Simple, Fundamental, or Necessary? (December 31, 2008). Available ...
Hurricane – disruptive transformation: Industries in this phase are primarily consumer-driven, for example, banking, retail, telecoms, media, and entertainment. These verticals are in the midst of the digital storm and disruptive transformation. With more consumers searching, shopping, and socializing ...
Instead of depending on Microsoft Office, to give one very concrete example, they can use free, cloud-based open-source alternatives such as Google Docs. So there are obvious cost and practical advantages: you don't have to worry about expensive software licenses or security updates, and your...
Knoll knows just how to kick 2025 off. While this New Year sale applies to everything, it’s worth checking out some of the newer introductions. This Panoramic Sofa designed by Piero Lissoni for example. The curved tight seat with reconfigurable and removable backrests transform from sofa to ...
Within my own denomination, for example, there are emphases on both simplicity and stewardship. Should I carefully steward what I have for the future? Or give away everything, taking a vow of poverty in order to live simply? It’s human to want to resolve the tension, to want to move...
Since we’re talking specifically about the ecommerce conversion funnel, I turned toSmart Insightsfor a visual representation of the average conversion rate that a business might expect to see on their website. Thesales funnel exampleabove shows that, out of the total sessions (visitors on your...
Consolidate or centralize the different functions or departments of your business. Use space for dual purposes. For example, a meeting room doubles as a break room or a storage room that holds copy machines. The opportunities will vary depending upon the nature of your business. ...
For example, it could include in-depth information on the percentage of completion and current status of each task (completed, on track, delayed, etc.). 3. Project cost-benefit analysis report The cost-benefit analysis report is usually prepared before a project is put into motion. Of the...
Objectives for this type of goal communicate actionable changes for employees, and therefore, pair well with process-oriented goals which we talk about next. Example of an outcome-oriented goal: “Reduce average customer acquisition cost (CAC) from $29 to $22.” Suitable for: I’d recommend ...
For example, the cost of office supplies can quickly get out of hand if they are ordered improperly. Similarly, if your supplier increases product prices, you should consider looking around for a cheaper supplier. If that isn't possible, you may need to consider raising your own prices to c...