Issue Analysis Paper
The statement reveals how educational institutions can influence students when deciding the field of study they wish to pursue. On the one hand, there are reasons to support this idea because educational institutions have years of experience and can accurately determine a student’s abilities to- or not to pursue a specific course. Further, the scientific approach to decision making via a proven assessment procedure is perfect when implemented to benefit the learner. On the other hand, these institutions may discourage learners from taking up courses or subjects they are passionate about and which they can succeed. Success in a particular is determined by an individual’s desires and passion, and not what others say or think about his or her abilities. (more…)
Cost Volume Profit Analysis Essay
Cost volume profit analysis examines the interaction of a company’s sales volume, selling price, cost structure, and profitability.
CVP analysis is a useful tool in making management decisions such as production, investment, and financing decisions. Wonder Company simulation has to establish various factors that influence its product sales and customer demand. The success of a company is based on how many people are willing to purchase their products at existing prices. Competition is inevitable in case a company does not have monopoly powers. Brand management seeks to promote the presence of a company in the market. Many companies are investing heavily in brand management to improve sales by attracting more customers and retaining existing ones. Company products follow an inevitable life cycle. A life cycle of a product begins with the conception of an idea on what to produce, how to create, and who will constitute a market for the product. The product is then moved to the product development stage, where it is delivered and finally availed to the market for consumers to purchase and use it. After several years in the market, a company might fail to upgrade its product based on existing market requirements leading to consumers opting to use alternative products. Lack of market may result in a company failing to meet its objectives and eventually wound up. In such cases, the company withdraws its products in the market. Brand management takes place in various forms. It begins with the assessment of how customers are relating to a product in the market and proceeding to evaluate how their perception of the product changes with time. Consumer perception of a product significantly determines company success. (more…)