These are external links and will open in a new window Close share panel Europe migrant crisis Syrian refugee children have been making clothes for British shoppers, an undercover BBC investigation has found. Panorama investigated factories in Turkey and found children had been working on clothes for Marks and Spencer and the online retailer Asos.
The reason why the father wished to close down the branch was that it appeared to be making a loss. However, it is quite the reverse; if the branch was closed then, the positive contribution from the branch would be lost and overall profits would fall.
This is because the indirect costs of production do not vary with output and, therefore, closure of a section of the firm would not lead to immediate savings.
This may mean that closing the branch would be a mistake on financial grounds.
This mistake is made due to a misunderstanding of nature of cost behavior. If the branch is closed then the only costs that would be saved are the costs directly related to the running of the branch: The costs are indirect in nature, in this example the marketing and central administration costs, would still have to be paid as they are unaffected by output.
For this decision to be made, we should use contribution as a guide for deciding whether or not to close a branch. This can also be applied to the production of certain product lines, or the cost effectiveness of departments. On financial grounds, contribution is therefore, a better guide in making decisions.Business Plan for Entering the Indian Textile Industry.
Print Reference this. Disclaimer: The founders of the company are Rajani aggarwal and Vishal Kataria, will handle day-to-day financial and business operations of the plan and will work mutually to ensure that this business venture is a success.
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Learn how our color matching products and services get you the right color every time. Later on, a preliminary business plan is created accordingly using the Hoffren Business Idea Model, with emphasis on the market need, image, product, target group, mode of operations and resources.
Strategic Business Plan for Opening a Textile Manufacturing Company 1. kaja-net.com 2. Strategic Business Plan for Opening a Textile Manufacturing Company For anybody seeking outdoors funding for business reasons, a strategic business plan is completely vital, because it shows traders and loan companies why they ought to think that your organization will succeed.
If you plan to begin.
Strategic Business Plan for Opening a Textile Manufacturing Company For anybody seeking outdoors funding for business reasons, a strategic business plan is completely vital, because it shows traders and loan companies why they ought to think that your organization will succeed.
The Scarlet Tassel home accessories and gifts business plan products and services. The Scarlet Tassel is a newly established retail store offering stylish, eclectic and affordable Home Accessories and Gifts to consumers wanting to create a personalized home environment.