A relevant cost is a cost relating only to a specific management decision. Relevant cost is used to erase unimportant information from a particular decision-making process. This is used exclusively in financial decision-making processes. Finance and economics are the pillars of today's world. Everything from selling and purchasing to investing in a property revolves around the concept of relevant cost.
This is a mandatory domain of study for the students pursuing a career in economics and finance and is studied under managerial accounting courses in different universities. Relevant cost is also known as differential cost and is divided into two categories as future cost and opportunity cost and they vary according to the context of the decision.
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Studying relevant cost is crucial to every student as it forms the basis of decision making. This course excels a student's ability to make decisions related to cost management that will in-turn reduce cost on the project and make it a successful one. A student should be able to differentiate between relevant cost and irrelevant cost. For this, they need to go through many case studies to understand the concept better. This course also evaluates their analytical skills and tests them for the different situation they might face later in their career in management. With all these factors in mind, the student perhaps faces difficulty in studies and solving assignments on the same. Getting relevant case studies online seems to be a task for them and the lecture notes don't seem to help them. In such cases, they seek online assignment help to get rid of the anxiety they have for assignments to be completed on time.
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Discuss the issues related to price and non-price competition in oligopoly markets generally, including those related to macroeconomic conditions Examine and compare the roles and importance of price and non-price competition strategies in one of the following oligopoly markets (clearly defining the market you choose either as a national market or a global market)
Briefly outline and evaluate the Low Cost Airline Model,Examine each element of the economic production function for a Low Cost Airline of your choice analysing the ways in which the company you choose manages each of these elements.Undertake a SWOT analysis of the company is likely to face over the next 10 years, including macroeconomic conditions and any proposed changes to transport infrastructure.
Choose two different Australian industries that represent monopoly and monopolistic competition. What characteristics of these industries and their products can be used to explain the differences between the two market structures? Using real data from your case studies, analyse the market outcome for each case study.
The liquidity problems affecting money markets in 2007-08 have been described as“a run on repo”. Describe in detail how a bank run arises. Explain the liquidity problems that affected the money markets in 2007-08, drawing analogies between these and a traditional bank run. Throughout your essay take care to explain the nature of the financial instruments and markets you discuss.
Identify the main real world demand and supply factors that influence the price of oil, including macroeconomic factors,Use demand and supply diagrams to show examples of how these real world demand and supply factors affect the price of oil.Using real world examples, show how changes in the price of oil affect pricing and costs in road/rail/air transport.
It should include the global economy, macro economic indicators, a brief summary of what G7, BRISCA, Open Economy and Developing Economy is and the reason why you are choosing these 4 countries for the assignment, for example because USA is the largest economy in the world. E.t.c
Write a Report on the given topic and it should address the issues outlined in the marking scheme.Background to the issues well explained, all relevant details provided, good use of data/graphs/tables, tables labeled and numbered properly and referred appropriate in the text.