Finance and funding in travel and tourism sector Assignment

Finance and funding in travel and tourism sector - Assignment Example Such costs are therefore apportioned on the basis of any formula or any other mechanism. Such costs include administrative costs like janitorial services, utilities etc. Fixed Costs: These costs remain constant irrespective of the level of the activity. For instance, the machinery fuel consumption; this will not be reduced or increased with the level of production. Rather, the fuel expenses will be distributed over the units produced. Therefore, it is the behaviour of the fixed costs that they remain fixed in totality but reduce per unit as the production increases. Variable costs: Variable costs are such costs, which increase or decrease with respect to the level of the activity. For example, the labour cost for the production of the units of product will be nil in case the production halts and will be increased when the production starts. Such costs behave parallel to the level of the activity. Semi-variable costs: Semi-variable costs are such costs which consist of the features of variable costs also and that of the fixed costs. It implies that such costs are fixed up to a certain extent and then they get parallel to the level of the activity. Cost volumes are significant in decision-making process of the management. Things get managed when they get measured; this is the main reason why costs volumes are always monitored. Constraints are established for the costs levels so that they do not exceed the prescribed budget. Costs volumes analysis sets the direction for the controls to be applied on different components of the variable costs. In addition to this, once the cost volumes are established, they can be then compared with the costs of prior periods, competitors and other departments by way of benchmarking. Comparison with prior period assists in comparisons and variance analysis with respect to the previous years. The results of the previous year are

Ethical consumerism Essay Example | Topics and Well Written Essays - 2000 words

Ethical consumerism - Essay Example In addition, the company avoids criminal acts such as corruption and fraud. It is also committed to helping the community by participating in charity events. This has contributed to its good reputation in the market. Ethical consumerism refers to buying or using products that are ethically manufactured and delivered. In the current market world consumers highly value ethically produced goods (Payne 2012, P. 1). Examples of ethically produced goods include those that can be recycled. Companies that produced such kind of goods are viewed as ethical companies because they care about environmental sustainability. Such companies indicate how their products can be recycled on their product labels. In addition, the processes of producing the goods have to be ethical. For instance, ethical production includes avoiding child labor and overexploitation of workers. Buying goods that are produced by underpaid workers or slavery is not ethical consumerism (Payne 2012, P. 1). Other products that fall under ethical categories include those that organically produced goods. Such goods do not contain chemicals that may harm the health of consumers. Other products in this category include cosmetic, fashion, electr onic and insurance products. By buying such goods one qualifies to be an ethical consumer. One can be an ethical consumer without knowing, however; ethical consumerism involves being aware of ethically produced goods in order to prevent abuse and exploitation. An example of a firm that claims to operate ethically is Dell Company. The company is ranked among the most ethical firms globally in the year 2014 (Ben 2014, p.1). The ethics and values of the company include carrying out its operations in integrity ways, focusing on accountability, and commitment to engage with its consumers and suppliers in ethical ways. The company has used various approaches in order to achieve the high position