Fun
Disposable Income
PI - income tax
GDP at market price
GDP= C+I+G+X-M
Capacity Planning
level of output the current system is capable of producing in a specified period of time.
Purpose of Coral Reef
increases biodiversity
increases tourism
increases fisheries
provides coastal protection
Net Domestic Product at factor cost
GDP@ factor cost - depreciation
GDP @ market price + subsidies - indirect taxes
Design Capacity
Total achievable capacity if all equipment and processes are working in perfect order
Threats to Coral Reefs
Global warming
Sahara dust
Improper sewage treatment
Hot water emission
Harvesting corals
Marketing
set of human activities that facilitate consumption exchange
GNP at factor cost
GDP @ factor cost + net property income from abroad
Effective Capacity
the estimated capacity that would result in the efficient operation of the business.
Stages of Marketing Research
Problem Identification
Research Objectives
Data Collection
Sampling
Research Techniques
Analysis & Presentation of Data
Net National Product at factor cost
GNP - depreciation
Capacity Utilisation
the measure of the percentage of the firm's total capacity that is being used.
Personal Income
NNP + transfer payment - retained earning - corporation tax
Options available to increase capacity
promotional activity
redeployment of resources
seasonal workers
outsourcing aspects of production