Businesses work on a complex demand and supply based method of producing products and services. Supply is the quantity of a good or service that a producer is offering to supply into the market Demand is the quantity that the customers are willing to buy at a given price over a given period of time External factors, such as income or environmental or ethical change may mean that a product is no longer viable, smoking for example is no longer as profitable as it was as people no longer smoke as much as they used to. Influences may be out… Continue reading Influences for Supply and Demand
Capacity utilisation within a business can be easy or hard to calculate, for a printing shop, it is easy to calculate how many sheets they can produce per hour for example and in a metal fabricators, it is easy to calculate how many sheets of metal they can produce per hour, however for a company that has varied demand, it can be very hard to predict how much the business should utilise its capacity, a clearly noticeable example would be an understaffed restaurant, although they have staff working the shift, it is clear that they did not account for the demand… Continue reading Capacity Utilisation
What is Trade-offs and Opportunity Cost? Trade-offs are choosing one thing over another, if you choose to invest in paint over pencils, your opportunity cost, is that you can no longer colour with pencils. This is a poor example, so lets look at some real data so we can get a good understanding of what opportunity cost is really about, and for that we need an example. Nails and Hammers LTD. A company, called Nails and Hammers LTD, produces hammers and nails, they have a good reputation, but are not really known, they also manufacture their hammers cheaply and therefore some… Continue reading Trade-offs and Opportunity Cost
What is a Public Limited Company? A Public Limited Company is a business that has decided to offer it’s shares on the public stock market. The Stock Market is where anyone can invest in a Public Limited Company. These are usually high value, large businesses that can have massive profits, and offer dividends to those who invest. In order to become a Public Limited Company, PLC, you need; At least two directors. A Secretary And you must float at least $50,000 shares on the stock exchange, to become a PLC. Unlike other businesses, a PLC is often owned by a… Continue reading Advantages and Disadvantages of a Public Limited Company
It is currently well known that bukkit has been given a dmca request by Wesley Wolfie, but now that that has happened, we now need to rebuild! So here is whats happening, the folks over from bukkit are now working on a new modding api, called sponge! currently ‘Sponge will start with Minecraft 1.8, with Vanilla Client Support on Forge.’ Old plugins that were written on bukkit will most likely have to be removed, unless someone finds a way to make them compatible with sponge. Here is a large extract of what they plan to do. Our ultimate goal is to… Continue reading Bukkit has been given a DMCA takedown by Wesley Wolfie. The NEXT steps.