The companies that were chosen are:
Verizon Communications Inc. and Health Service Managers
Purpose of Assignment
In
this week, students are learning about managing different types of
economic costs. Organizations typically have either high fixed costs or
low fixed costs, and it is important to understand how business
decisions differ in organizations with high fixed costs from
organizations with low fixed costs.
Assignment Steps
Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft®
Office website. There are also additional tutorials via the web
offering support for Office products. Hoover’s Company Profiles by
ProQuest located in the University Library
Choose
two publicly-held organizations. One organization must have high fixed
costs and low variable costs, and the other organization must have low
fixed costs and high variable costs.
Note:
A publicly-held organization is a private-sector firm that is owned by
stock holders. Companies with high fixed costs include manufacturing
companies, such as automobile manufactures, whereas service companies,
such as accounting firms, might have low fixed costs.
Create a minimum 8-slide Microsoft® PowerPoint®
presentation, including detailed speaker notes or voiceover, analyzing
the methods of managing cost depending on the cost construction.
Research the University Library for recent publications regarding each
company and the industry data. The analysis should include the
following:
- Analyze your two chosen companies’ cost
construction. Do the companies have high fixed costs or low fixed costs?
Do the companies have high variable costs or low variable costs? What
evidence presents itself to support your findings? - In Excel®,
chart the relationship between total cost and the number of units
produced (output) for each organization/company. Plot two lines on the
graph – one line for each company you analyzed. Copy your graph from
Excel® and paste it into your PowerPoint® presentation. - Analyze
currently used methods to minimize costs for the companies and provide
recommendations how to improve the process of minimizing costs based on
the available information for the industries in which the companies
operate. Note: Companies are categorized by the industries they
operate in. For example, Wal-Mart is a company operating within the
retail trade industry. Hoover’s Company Profiles by ProQuest located in
the University Library may be helpful.
Cite a minimum of three peer-reviewed sources.
Format the assignment consistent with APA guidelines.
3 months ago
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