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Subject and purpose of work: The subject matter and purpose of the publication is presentation of the significance of hotel consortia as a factor which optimizes transaction costs. Within the article a brief essence and origins of the concept of transaction cost, as well as evaluation of views on it have been presented. An attempt was made to divide transaction costs. Within the publication determinants of transaction costs have been presented and the conditions concerning transactions have been described. Within the article forms of conduct of hotel business have been outlined. Publication contains characteristics of hotel consortia, their rankings and places on the hotel market. The article reveals the role of forms of cooperation as a tool in modifying transaction costs. An advantage of consortia in managing transaction costs in relation to other forms of conduct of business activity in the hotel business. Materials and methods: Research methods consisted of factual analysis of transaction costs based on available data applied as well as of an attempt to forecast their development in the future. Materials on the basis of which the publication was created is the available subject literature as well as netographic information. Results: Results of research indicate clearly that hotel consortia contribute to limiting of costs of functioning of hotel objects. Conclusions: Show that hotel consortia constitute a chance for independent entrepreneurs competing against large hotel chains.
Subject and purpose of work: The article presents the complexity of the transaction costs and their impact on institutions supporting employment of the people with disabilities in Poland. As a measure of the unwanted costs, lost benefits in the form of not received public income on account of shared and used concessions, endowments, exemptions for employers of people with disabilities were assumed. Materials and methods: An example of the lost benefits was presented on the grounds of State Fund for Rehabilitation of Disabled Persons and the Ministry of Family, Labour and Social Policy data. In the article, the method of description and financial analysis was applied. Results: All forms of public aid, being the support of employers of people with disabilities, require legislative actions, additional work of administration bodies, monitoring, PFRON (State Fund for Rehabilitation of Disabled Persons), levies collection system adjustments (thus a tax system), which constitute the total coordination costs of the chosen economic policy, that is transaction costs. Conclusions: The analysis carried out indicates on the one hand the complexity of the institutional solutions for supporting the employment of people with disabilities, what provokes thoughts about the need to rationalize the institution of grants for entrepreneurs, labour law and occupational rehabilitation, on the other hand the sensitivity of the system supporting employment institutions to changes which occur in other institutions and in the environment.
The aim of the article is to identify factors determining the development of vertical integration in agribusiness. The main focus of the study is placed on the meat industry. It describes important economic theories and conceptions which provide explanation of vertical integration processes in economy. Vertical integration is a method of exchange organization and it may result from problems with making transactions on the market or problems with contracting. The decision on whether to introduce vertical integration is influenced by many production, market and management factors. Uncertainty caused by technological changes and difficulties in coordination of sales among the stages of food supply chains have a considerable impact on vertical integration in agribusiness. Integrators in agribusiness are usually large food industry companies which benefit greatly from vertical integration.
Hungarian fresh vegetables and fruit sector underwent three essential restructuralization processes in the last two decades. One of the important components of the process was the change in official regulation, within which change in food quality and safety regulation was decisive. Analysis of the traceability system of Hungarian fresh vegetables and fruit sector was carried out on the basis of the TCE theory. The research was built on three primary researches: interviews with experts in official organization and in retail chains, as well a questionnaire surveys of producers' cooperatives and larger-scale producers.
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