CHAPTER 1
INTRODUCTION
Background of the Study
Profitability is the main objective of all businesses. Business will not be able to survive if there is no state of providing a financial gain. Hence, it is especially significant to know and calculate the present and past profitability and forecasting future profitability. Income and expense are being used in computing in computing profitability. Income is what was being produced from the activities of the business. For instance, if raw materials and end products are produced and sold, income is achieved. On the other hand, expenses are the expenditure of assets accumulated or depleted by the activities of the business. For instance, seed corn is an expense of a farm business since it incurred in the production process (Hofstrand, 2009).
Night markets as studied by Ishak et al. (2012) are collection of provisional outdoor stores by entrepreneurs where products like street foods, fruit or second hand clothes are laid out to be sold. The local residents’ needs were the reason why night market arose and became popular to buy things that are needed for their homes within the area of their residences. Consequently, entrepreneurs used this as a reason to provide an alternative shopping choice. Additionally, the customers enjoyed the dynamic environment, various options of unusual cooked cuisines and fresh veggies at fair price because of the welcoming and serene atmosphere that it provides. Accordingly, the factors that accorded to the continuous progress of the night market were the ambiance, the serenity, and the delightful foods. Anent to this, visiting the night market became a popular spare time exercise for the people. The locals would use their time on strolling the streets of the ...
... middle of paper ...
...n many Asian countries. In Singapore, night markets offer not only a space for senior people to pass their time but also the chance to deal and to enjoy the local delights. The night markets are the greatest place where the local and visitors can roam around the stalls and take pleasure in the local cuisines. Even night market is a best place where people can haggle the price.
Night markets in another view, as studied by Huang et al. (2009) have their cultural distinctiveness especially in oriental societies. It reflects local heritages, functions to meet demands of locals on consumption and leisure, and provides local residents and outside visitors with special services for their evening shopping. In a sum, collecting cuisine, various cheaper products, time flexibility, convenience, casualness, and local culture representation are characteristics of night markets.
The function of the Chinese Restaurant in Midnight at the Dragon Café acts as a bubble of protection for the Chens. Su-Jen, however, lives both inside and outside of this bubble, inside both worlds of China and Canada; this is shown very early on in the novel when Su-Jen adopts a “Canadian name” (Bates 21), in order to assimilate into the Canadian culture. Unlike Annie, her parents and Lee-Kung keep their Chinese names, and by extension they keep themselves separate from Canadian culture. The restaurant provides a sanctuary for Annie’s parents and Lee-Kung, since the restaurant seems to be the only place they truly belong in Irvine. In Toronto with the established Chinese (China Town) community, the older Chinese-minded Chens feel more at ease because they are surrounded by people who speak the same language, are going through the same struggles, whom they can talk to and understand, nothing l...
The Chinatown neighborhood has different restaurants, including a Korean and numerous Chinese restaurants. The Chinatown neighborhood has many gift stores, cosmetics stores, ice cream stores, and bakery. As Harry Kiang’s Chicago’s Chinatown points out, “Tourists shop for oriental gifts or groceries or enjoy Chinese food; along Wentworth Avenue between 22nd and 24th Streets there are at least 30 Chinese restaurants. Printers and bakeries are found in the commercial areas along Wentworth Avenue and Cermak Road” (Encyclopedia of Chicago). Many visitors came to the Chinatown neighborhood to visit the neighborhood and try the Chinese foods because it has the authentic Chinese food in the Chinese restaurants. Since many people came to the Chinatown and consumed in the neighborhood’s shops, the consumption promoted the local commercial development and increasing the economic growth. Therefore, the residents are very happy to have the shops and appeal to the
In the poem “Acquainted with the Night” by Robert Frost, the Romantic poet explores the idea of humanity through nature. This sonnet holds a conversational tone with a depressing mood as the man walks in the dark city trying to gain knowledge about his “inner self”. The narrator takes a stroll at night to embrace the natural world but ignores the society around him. His walk allows him to explore his relationship with nature and civilization. In “Acquainted with the Night”, the narrator emphasizes his isolation from the society by stating his connectivity with the natural world.
...s to the finer things. Niche markets have to be determined in order to reach the Chinese consumer who is unafraid to purchase goods that appeal to the senses, covey status, wealth and higher quality.
The company’s target market appears to cater to every type of person in the luxury sector. This is reflected with its high class amenities, such as the Michelin restaurants and spas. The Mandarin Oriental International Limited Annual Report 2014 outlined that the leisure travellers have had higher demand recently over business travellers, as well as, “…higher spending leisure customers now making up close to 50% of the Group’s room nights” (Photos.mandarinoriental.com, 2014).
Coffee Time is a chain of coffee bars that is popular in North America and Europe. It obtains and roasts some of the finest coffee beans and they also sell a variety of blended coffee beverages and snacks. In addition, recent trends in the global coffee business indicate that South Asia is an emerging market for coffees with a special flavor and coffee bars. Coffee Time has identified India among other South Asian economies as a bright prospect. Coffee Time is a premium brand of exotic and regular coffee flavors. For many Americans and Europeans, Coffee Time stands for the celebration of coffee. Since, the management of Coffee Time is considering the option of entering into India; they must analyze some data and come up with a research design that should answer the following:
In case of Langham Place, it was positioned as trendy landmark in Hong Kong. There are different themes for different area, such as beauty, causal wear, food court and restaurants. Each area groups shops with the same characteristics. Theming of Langham Place, on one hand, provides convenience to customers who have clear target on what they want to buy. On the other hand, the classification of different shops could build up a unique atmos...
The ethnic market that I visited was Mitsuwa Japanese marketplace on South Centinela avenue, Los Angeles. I was amazed to see the variety of Japanese food at the market, especially the remarkable variety of seafood from different parts of the world. Fish is consumed in different shapes and forms by the Japanese. An entire aisle was dedicated to different types of Japanese rice noodles, which I found fascinating. The food item that surprised me the most was the sweet azuki bean frozen bar, because I had never seen ice cream made out of beans before. Moreover, the space in the store was managed so efficiently that under one roof, you got everything. This was congruent with what I have read and heard about the Japanese being so efficient at managing
Therefore, the amount of profit obtained is somewhat arbitrary. However, cash flow is an objective measure of cash and it is not subjected to a personal criterion. Net cash flow is the difference between cash inflows and cash outflows; that is, the cash received into the business and cash paid out of the business (Fernández, 2006). Whereas, net profit is the figure obtained after expenses or cost of resources used by the business is deducted from revenues generated from the business operations activities. Nonetheless, the figure for revenue and cash are not entirely cash, some of the items may be sold on credit and some of the expenses are not paid up
Consumer culture plays a key role in the economy. Today, the ways in which urban spaces are arranged facilitate the consumption of goods. One only needs to look to modern cities such as New York, London or Tokyo in order to recognise the countless forms of advertisement intended to lure the mass population into spending money on various merchandises, from novelty items to luxury products. The use of built structures to facilitate the display of retail products for the consumption of the masses is nothing new. After its renovation, Paris became a model innovative city planning and construction for a lot of modern cities that exist today. The wide boulevards and open spaces engaged the mass population and encouraged consumerism.
The overall purpose of cost accounting is to advise top administration and the management team on the most suitable and cost effective methods and actions to employ based on cost, capability and efficiencies of a given product or service. It can be defined as the method where all the expenditures used during execution of business activities are gathered, categorized, examined and noted down (Horngren & Srikant, 2000). Once these numbers are gathered and recorded the information is used to determine a selling price and/or to identify possible investment opportunities. Although the principal aim or function of cost accounting is to help the business administration with their decision making and business planning process, the cost accounting data
Managerial accounting has historical antecedents that stretch back to the beginning of the 1900s. Whether it was called cost accounting, or industrial accounting, or administrative accounting it is certain that concerns regarding production cost calculation, expenses’ classification and analysis, resource consumption administration, and pre and post cost calculations, have existed since the beginning of the 90s (Cardos & Cardos, 2010).
Singapore is one of the most beautiful, fastest growing countries in the world and has many attractions for all ages, which makes it a perfect place for a family getaway or a honeymoon. With a motto like “onward Singapore” it’s hard to not to look at the innovations and ingenuity that Singapore has set forth. With many attractions one can keep themselves busy for a long time; with activities that range from viewing the city skyline to catching up on Singapore’s rich history, there is so much to do and so little time. With the abundance of activities and places to visit, the eccentric Singapore has more to offer other then the cultural and heritage aspect, it also has arts, entertainments, nightlife, nature, wildlife, sports, and leisurely cruises of the scenic Singapore. With Singapore’s rich history, fun attractions for all ages, and cultural and heritage aspect, it makes it a must-go destination when traveling around the world.
Places such as coffee shops and lounges have been included in the structures of these malls to give consumers a more comfortable feeling of relaxation. Instead of shopping and leaving people are more enticed to sit back and relax. Enjoying a meal and a cup of coffee while shopping has become a time consuming yet enjoyable process for most shoppers. It's suggested that the longer a person stays the more money they are bound to spend. Mall managers and scientist are not attempting to manipulate the consumer but more so enhance their shopping experience. There's also a sense of creativity and connectivity found in calming environments such as coffee shops that establishments like shopping malls are trying to bring to the shopping
The consumption of souvenirs play also a major economic role in tourism destinations where producing, consuming and the selling of souvenirs are worth billions of dollars each year (Swanson, 2012). On a smaller scale, many retail businesses located near or at the destination are dependent on the selling of souvenirs (Swanson, 2004). Furthermore, souvenir consumption also helps in supporting indigenous local people who produce and retail authentic handicrafts and souvenir goods (Tosun, Temizkan, Timothy & Fyall, 2007...