Question

Bul 2240 Business SSC EdLegal Issues

Legal Issues for Small Businesses

For this assignment, please write a couple of paragraphs telling me what you have found to be the most interesting or useful principle that we've learned so far this term. There are no right or wrong answers, so as long as you put some effort and some thought into your answer you should be able to receive full credit for this assignment. As Maui would say in Moana, "You're welcome." :) (If you have small kids you know what I'm talking about.)

Answer 1

Understanding operating profit and cash position of a company against the bottom line is it directly dependent on the availability of how much profit the company makes on specific dollar of sale. After the payment of variable cost of production as well as other involved cost in production but excluding the payment of interest on taxes bottom line on the profit of operations can be calculated field operating margin can be calculated by dividing companies operating profit by its net sales.

Definitely if I would have managing my home organisation or own business then I would have preferred auto backup facility for backing up the records. This type of approach would have provided me and advantage over any kind of Miss happening inside the organisation. Auto backup would have ensured a safe place for all the records involved in transactions as well as other specific import in documentations. Which type of approach would have definitely help me to maintain high quality standard in retrieval of the data if needed which can be very beneficial for organisations in some manners.

Is management does not link its logistics decision to the demand of the business operations in then increment in the overall inventory cost as well as production of collaboration between the supply and demand can occur. As this type of void in linkage would directly affect the inventory management system affecting availability of opportunities for logistic systems for an organisation.

If an inventory is retained for too long time in small business then the overall holding cost of the inventory would increase drastically as the cycle of flow of products you totally stop. Outdated inventory can also be harmful in terms of expiration sates included on the products which could be harmful for the company in form of inductance of the overall profit generated.