Demand Utility Marginality Essay Example | Topics and Well Written Essays - 500 words

Demand Utility Marginality - Essay Example For instance in the beauty franchise, such as in a beauty salon, many customers are extremely loyal once they find a location that they truly enjoy. "No way would I give up my hair stylist. You develop these relationships," says Liza Burnett, a 26-year-old in New York, who spends $150 for a hair cut and scalp treatment every two months. The factors that appear to affect the marginal utility of such luxury goods among those with large net worth are many. One of the most primary would be that obviously only those with the monetary resources available would be able to afford an item with such a high price. Another factor, which relevantly ties into the first, is that the salesperson of an item such as this would want to have excellent marketing skills as well as proper customer service skills, in order to sell as best as they possibly can. Although there is a significantly higher number of people in the world today with a bank account full enough to easily purchase items with such a high cost as compared to even fifty years ago, it still takes a good customer service representative to sell efficiently. The marginal utility of a Rolls Royce Silver Cloud to me is the fact that it is "considered to be the most aesthetically pleasing vehicle ever to be produced by the vehicle manufacturer." ("Wikipedia",

The Use of Forecasting Term Paper Example | Topics and Well Written Essays - 500 words

The Use of Forecasting - Term Paper Example There are a number of options that can be used to respond to this situation. Since it is clear the organization will overspend when buying the new computers, then actions plans ought to be implemented to cut down on other costs. One of the options that can be used in this situation relates to staff forecasting (Baker and Baker, 2014). The organization can cut down on the number of staff in order to cut down on costs that would otherwise be spent in purchasing the computers. Since planning for the computers is ongoing, them planning should also be going on to cut down on the staff. This option has its own ramifications. Reduced number of staff will definitely elevate stress levels and burn out and this translates to poor services. Poor services means that patients will also be dissatisfied. Dissatisfied patients in many cases will opt to seek care in other facilities hence leading to decreased revenue for the facility. Expense forecasting as cited by the media can be used to identify the availability of resources (Laureate Education Inc, 2012).Identifying available resources within the organization can help spot resource that can be pulled and be used for other purposes. The second option that can be used in this case scenario therefore is to pull resources meant for other purposes within the institution to cover for deficit outlined in the new expense report. This can also have negative effects on the quality of services and patient satisfaction. The pulled funds may have been intended for quality improvement and hence pulling them will mean that they initially intended purpose will not be achieved. The third option would be to push the extra expenses to the next budget such that the department operates on a deficit the coming year. This might also affect the delivery of services due to insufficient funds but the effects can be