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Essay Subject: This paper provides two strategies for JetSet Travel to assure profitability in the case ...... More...

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Paper Abstract: This paper provides two strategies for JetSet Travel to assure profitability in the case that variable costs increase in the production of luggage. Risks associated with both strategies are also addressed. Paper Introduction: JetSet Travel Inc Profitable Strategies There are ways to control costs if a scenario arises like variablecost increases for luggage production Variable costs are costs that varyin direct proportion to quantity of output rising when productionincreases and falling when it contracts Variable p The firstmethod I recommend for JetSet Travel is to reduce the input costsassociated with producing each product it sells Since expenses willincrease when sales increase this is one strategy of assuring profitableoperations by reducing cost per item A second Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. Camping Magazine, 1-3.Pattison, S. & Schultz, S.M. Budgeting basics: Profit planning with spreadsheets. Since expenses willincrease when sales increase, this is one strategy of assuring profitableoperations by reducing cost per item. There are risks associated with both of the proposedstrategies. The ticket to improving profitability in challenging times. As Pattison (2 8) points out,"The best sources for finding effective ideas for eliminating waste are theemployees and managers" (p. Where eliminating waste is concerned, allfirms must seek to increase profitability by weeding out inefficientprocesses. Oneemployee suggested moving the bus area where all the supplies were out ofthe crowded kitchen into an alcove closer to the dining room. The owner solicited our ideas for improved efficiency. 1). 1). 3, 1-2.Variable costs. A second method of assuring profitable operations in themanufacturing of luggage would be for JetSet Travel to evaluate coreprocess to improve efficiency. However, JetSet Travel must be careful that it does noteliminate change processes in a manner that might impact the appeal of thefirm's products to consumers, like changing product packaging to a packagethat is less expensive to make because it is more efficient to make thanolder packaging, but it is one that is irritating to consumers because ofits sharper edges and flimsier structure.ReferencesHollister, J. Profitable Strategies There are ways to control costs if a scenario arises like variablecost increases for luggage production. Potential Risks Hollister and Schultz (1996) argue that many business "compilehaphazard financial plans without adequate consideration of possiblealternatives" (p. 84611 JetSet Travel, Inc. However, one method to assureprofitability by reducing costs backfired when a cheaper coffee waspurchased and customers complained and went elsewhere until we changed backto the more expensive brand. (2 8). (2 9). Retrieved 28 February 2 9 at: http://www.streetauthority.com/terms/v/variable-costs.asp, 1-2. 1). (1996). Variable costs are costs that "varyin direct proportion to quantity of output," rising when productionincreases and falling when it contracts (Variable, 2 9, p. Universal Advisor, no. The firstmethod I recommend for JetSet Travel is to reduce the input costsassociated with producing each product it sells. Where reducing input costs is concerned, management will needto assure that quality is not undermined and other factors like safetyconcerns need to be considered. Frontline employees are often the bestsource for revealing areas of inefficiency. This is another means of assuringprofitability in spite of a potential increase in variable costs of makingluggage. Personal Experience My own personal experience in the workplace has seen both of theabove strategies work well for ensuring profitability. When I worked at arestaurant we had an enormous increase in customers from increasedadvertising. Less foodwaste from reduced collisions between workers resulted and greater speed ofservice increased production capacity. If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.