Download Analysis for financial management by Robert Higgins PDF

By Robert Higgins

Research for monetary administration, 9/e is a paperback textual content and has been written to provide usual options and glossy advancements in a pragmatic and intuitive demeanour. it truly is meant for non-financial managers and company scholars attracted to the perform of economic administration. Emphasis is at the managerial purposes of monetary research.

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If, on the other hand, all demand arrives at the time the service is produced, and the firm does not have the choice of managing demand and planning ahead, it can only schedule supply and production to match demand levels. To summarise, the perishability of a service therefore results in two consequences in pricing. First, knowing that whatever it produces will be perished, the firm must attempt to sell all its services, at the highest possible revenue before its production, balancing the price and the quantity.

Is there a common thread across all services? Does the pricing of a mobile phone service have anything in common with that of an airline ticket? What can we learn from the pricing of one service that we can apply to the pricing of another? Service characteristics impact on pricing Research in service pricing that uncovers basic constructs and produces abstract knowledge common across service industries has been few. It is important to highlight how some key characteristics shared by service industries have an impact on pricing.

14 Intangible and perishable . . 18 An activity or series of activities . . research. shtml, co-authored by Spohrer, J. , IBM Almaden Research Center. 10 Introduction From its frequent usage, it may seem to be common sense what a service is. Yet its definition has been elusive simply because its characteristics are constantly being debated upon. Here follows some of the much-contended characteristics. Tangible vs intangible When viewed as an activity, a service may seem to be intangible. Yet some service firms such as restaurants and those in retailing have a significant tangible component within its service.

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