case study

Break-even analysis is a technique widely used by production management and management accountants. It is based on categorising production costs between those which are "variable" (costs that change when the production output changes) and those that are "fixed" (costs not directly related to the volume of production).
Firstly, let's concentrate what are the advantages of break even analysis.
It is cheap to carry out and it can show the profits/losses at varying levels of output.
It provides a simple picture of a business - a new business will often have to present a break-even analysis to its bank in order to get a loan.
A break-even analysis can have some disadvantages:
It assumes that everything produced is sold whereas it is often the case that not all output will be sold.
It assumes that all of the output is sold at the same price - often a business will have to lower its price in order to increase its sales.
It always analysis only one production.

From this case study we can see , when Nick Hess opening of a new store nearby selling similar products led to sales falling and break even becoming a distant possibility, and after months of trading, it due to mounting loss. Nick Hess said he had underestimated its impact. Ok, according to above, we need to know what reasons made he underestimate.
Location: customer, if they choose a place near swimming pool I do not think people who want to buy some vegetables after swim And also the money of rent and maybe competitors around their store.
Budget: also rent, transportation,stock etc.
Market research
So from above, we can see Mr Hess did not notice these point before he opened a new store, therefor he get loss.

When an entrepreneur starting a new business, they do not have a complete organisation of their business, for example it is difficult to categorization all of the fixed cost and variable cost. Also break even analysis always analysis only one production, but I think a new business not only have one product. Also not sure about the profit and loss, because you just start a business.

sorry MR CHRIS Not finish yet,,,sleepy.....I will finish it tomorrow.

business idea

Before you go to hairdressing, will you worry about if your new hair style is worse than now or the hair dress can not satisfy your want? I think you will.
Now, there is a way can deal with this problem (unless you have computer). This is a software which can design and choose the style of hair at the same time you can learn how to make it in step by step, you can use the way to do in the real life. According to your contrast, you can choose the best one, and print out or send this picture to the hair dress, and then they will make your hair like the style that you give them the information about it. I think because of that you and hair dress both will more confidence. So the company who make this software will have a big market. Because we can see it is convenient, easy to use, and save time etc.

Now I want to show you some picture that I use MR Chris's photo to design the new hair style.
which one do you think is best?

oh yeah yeah yeah!!!

Lemon,,,,,,,lemon...lemon chicken....................
OK, I never eaten lemon chicken before, and I think I will cook it by myself.
Last two days , I was learning math, because I want to make sure that I can understand and also enhance my knowledge of math..
I was learning economic as well. But I am not really understand the types of unemployment. When I go back to school, I will ask for some help....xixixixi.....

Who is Branda Mr Chris?? Is she from Chengdu?

I will study hard next term.... Which means a lot of practice.....
Maybe a few "absent" because I want to save time for study more things by mys

oh yeah yeah!!

Me and Chee studying together, and we are in the school.

I was doing workbook of economic, and I studied mathmatics.

I think need more practices about Math, because when I was doing pass paper of math which is C1 I felt I forget a lot of main points. I cannot finished it on time.

Mr Chris,Why you said next term will very difficult for me?? I will work hard, but I want to know why as well...hehehehhe````!!!!

oh yeah!!!

I've done some practices on Tutor2u, and the result is good I think. I will do more practice tomorrow.
When I did the practice, the positive statement and normative statement are difficult for me, I did not know what meant of them. So I've searched it online, and understand it now.
Positive statements statements about fact, describle, explain, and predict something and say nothing about what we should do, it can be tested. Normative statements statements about ought to be (should be) and what a person, organization, nation ought to do (should do), it cannot be tested.
In fact I think to identify a question which is positive statement or normative statement, if this question said .....should be ....... It is normative statement, and if this question talk about some certain thing or it is truth, it is positive statement.

back back back!!!!

I am back.....start writing blog.
Mr chris I will start to do practice about economic tomorrow, even though I think the books that you gave us are difficult,but in order to improve my knowledge of economic, I will try my best.
Also I will do Math , business practices, and work hard again,
After long time rest,now I am energetic, so face to tomorrow which is very busy, I am confidence, and I will be more confidence..xixixixixixixixixixi:)
Mr chris,,,,,,hehehehehehe!!!!!!!!

Easter course

In this week, I've learnt a lot of things about economic and business. I think I improve a lot, even though Mr Chris still say my English is poor. Actually, yes,my English is poor, but my knowledge of economic and business are growth. Because I was keeping to go to school,no absent! In fact I was laze before so in order to change my bad habit and pass the exam, I decided to join every lesson which I need to go.
It was very tired when I have had every class that I need to go.Economics lesson finished until 12:30 o clock at night. But if you do not want to contribution,therefore you can not gain anything. So I did not mind tired, I tried to do my best, thus I was keeping went to lessons and listen to teachers. because I wanted to make sure that I could inderstand what did teachers say.
Thank you Mr Chris, you still help me, I am work harder that before, and I am improve a lot. Thanks for your helping.
Thank you Shasimin(are the spelling right?), you make me know how important about case study, and my business improve a lot as well.
Thank you James: you drove a long time to came to Oxford, and thought me, you thought me about your real business experience, you make me know run a business is not a easy thing , but if I like I can do it very well.
Thank you Peter, you help me know business English is not very difficult.
Thank you Tony, even though you are a math teacher but you was tried your best to thought us business English.

I am really pleasure that I was join this easter course, it helps me a lot, and make me feel more confidence.

After this easter course I will be better and I will practise a lot of practice of English, and then I can describe the thing that I know the meaning of Chinese but I can not explain it.