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12 Pages Essays / Projects Year Uploaded: 2021

1. Identify a “business” that your group is familiar with and within the industry that was assigned by your lecturer/tutor. Name the business (you can create one if the business store is nameless). Write briefly on the company background, organisation chart (insert-if applicable) and any other relevant information but NOT limited to (For example: industry, business location, nature of the business, its products or services, target customers, business processes, owners, managers, employees and etc). 2. Identify FIVE (5) KEY COST OBJECTS of the business. 3. Identify and discuss briefly TWO (2) examples of cost/expenses of the business based on EACH of the following COST TERM under the classification of cost behaviour, namely fixed cost, variable cost, step cost and semi variable cost. 4. Discuss and explain the current practices of the business chosen in the terms of cost reduction/minimization/elimination. 5. Write a conclusion/ summary on the whole assignment (linking points put forth under Part 2 – 4 above) and include a recommendation on future improvements that the business can implement to remain competitive in business or in their industry.


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