Essays on Profit Maximization

Introduction

Accounting is loosely defined as the action of keeping accounts that are financial in nature. Careers in accounting are numerous. They include auditors, accountants, Bookkeepers and Management Trainees. Auditors are people with extensive knowledge in accounting. They are tasked with examining and analyzing the financial records of companies. Auditors are individuals who ensure that financial records are accurate and that remittance of taxes is done accordingly and in time. They are people who calculate the taxes that companies owe the Revenue Authorities. The auditors are individuals who suggest ways and mechanism of cost reduction and organize the financial records ...

Milton Friedman (1970) is opposed to the idea of social responsibilities of businesses. He makes the central claim that if there is a social responsibility of businesses it is to increase their profits. According to him, a business is nothing more than a group of workers/employees working for employers. Therefore, individual employers can donate to social causes. If the business (through its management) spends money for social causes, it is imposing costs on employees. Further, it is illegal to impose taxes on people. Only, the legislature has the jurisdiction to impose taxes. Moreover, the corporate executives are not competent ...

Analysis of Tesla Motors

Analysis of Tesla Motors

Introduction

Organizations must use any strategy that will enable the organization to stay competitive and to also learn about any processes within the organization that could be changed in order to increase proficiency and efficiency. One such process is a critical analysis of the microeconomic and macroeconomic environment as well as any challenges that the organization may be encountering. This essay will perform an analysis of Tesla Motors to include the history of the organization, organizational regulations, factor markets, global pressures and foreign competition, cost structure, economies of scales; a critical analysis, practices of economic theory ...

The article addresses the launching of Apple Watch 2 by Apple Inc. and the rumors regarding the features that may be added to make it different from the first Apple Watch launched in 2014. The fact that the release of the first Apple Watch was widely anticipated across the globe with consumers willing to get themselves the gadget which was retailing at £299 makes the second version much interesting to watch. Additional features to the Apple Watch 2 would, therefore, enhance Apple’s position as the number one selling smartphone maker in the world, which is key to sustaining ...

Wealth Maximization

Wealth maximization is a modern business concept where the organizations evaluate their capabilities, shortcomings, and best possible outcomes to maximize their stockholder wealth component. This is usually considered as the goal of modern businesses (Roe, 2001). But wealth maximization is not essentially synonymous with profit maximization where the short term benefits becomes the primary target than long term achievements. Clearly, unlike profit maximization, wealth maximization is not a continuous process, especially in the case of a single business. It is possible that the company may run into a saturation level beyond which its expansion might become extremely difficult. For ...

The business discourse is a very interesting concept that exists in the modern society. Many people are trying to maximize their profit through all the possible ways that they can think of. Nothing stops them in creating income and adding it to their pocket. The debate in the world of business does not only aim on the first very prime aim of all the business relations. Some people may say that business exists only in order to increase the profit. However, there are different opinions that consider quite an opposite answer. There is a thought that the business world ...

Complement and conflict of corporate social responsibilities

Application of corporate social responsibility in Airbnb will generate benefits and also attract conflicts on profit maximization goal in several ways. Firstly, application of educational and operational measures in efforts to limit product choice based on race and color will maximize profits. Potentially, this will increase demand for Airbnb accommodation services by black clients. Additionally, holding specific meetings to sort out reported cases on racial profiling will improve client satisfaction and cut the possibility of lawsuits prompted by reporting clients. Besides, installation of in-house data analytics applications will be essential in capturing cases on racial profiling. Consequently, the attractiveness ...

Business and Religion

Chapter 8 on making it real is about the concerns raised by the various groups and individuals that the author shared the book’s thoughts with. They include academicians, non-Christians, Christians, business leaders and theologians (Duzer, 2010, p. 169). The concerns that relate to various aspects ranging from profits, shareholders, the model’s practicality, choices when one can’t have it all and how to do business in the service model, to whether adopting the model can make a difference. In that view, the following is a summary of the main points raised by the author and the personal ...

LIFE STYLE FOOD HUB ENTERPRISES

Abstract The paper aims at outlining the main differences amid utility and profit maximizing league, with a key focus on Europe and the USA and the resulting implications to sports. The study is in agreement with findings from the previous research study that most clubs in America are profit oriented while their European counterparts are after utility satisfaction. Some of the significant aspects that reflect the above findings are the differences in organizational management in the two areas. In America, major decisions that pertain administration of organizations are made by the shareholders and club owners through a voting process. ...

Executive summary

Founded in 1918, New York and company Rebuilt is a specialty company that focusses on women’s fashion accessories and apparel. This company provides women with modernized wear. Moreover, it finds solutions which are multifunctional and at affordable prices. New York and company Rebuilt went public in the year 2004. Its headquarters are in New York City. All of its products are proprietary branded. They are exclusively sold through the company’s national network of over 500 New York and company Rebuilt outlet stores, retail stores and e-commerce portal. The main vision of the company is focus on results ...

Introduction

Supply chain management primarily entails the coordination of functions within an organization as well as tactics used to execute those functions. Also, it involves tasks’ coordination across the partners participating in the supply chain with the principal objective of ensuring improved organizational performance. The definition of the supply chain clearly depicts the nature of the coordination between the partners involved in the business and appreciates the primary purpose of the supply chain management. Apparently, this approach aims at improving organizations’ as well as the individual performance (Lee et al., 116). There are two main components of the supply chain, ...

Cottle, initially based in Philadelphia, was started in the year 1815 as a company that originally manufactured hand- soap products (Quelch & Zalosh, 2012). It is a corporation that has been able to grow over an extended period, being able to gain a lot of market power and strength. The company has been able to operate as a multinational corporation with more than two hundred countries serving as its base. The company has been able to make huge profits and even gain a lot of capital revenue, to a tune of $11.5 billion, by the year 2009.

SWOT analysis

The cattle business ...

Abstract

This dissertation formulates a research dissertation and strategy for a study into the impact of Islamic banking on the economic development of societies within which such banks operates. To this end, the research examines the major tools and impacts of Islamic banks on society by conducting a literature review. This is followed by the deduction of research questions and a hypothesis that will be used to form the parameters of the entire research. The purpose of this dissertation is to investigate the relationship between the growth of Islamic banking worldwide and economic development of countries wherein this growth is ...