COMM 101 Lecture Notes - Certified Public Accountant, Byob, Accounting Software
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COMM 101 Full Course Notes
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Document Summary
Instructions are on vista comm 101 business fundamentals. Russia vodka drinkers get new year headache threats/opportunities for vodka businesses. Role of government in taking measures and setting regulations, taxes, tariffs. Can be beneficial and help tackle issue at hand excessive drinking. Drinking is part of their culture may not affect demand level so much (elasticity) Can bring more money through higher prices and set minimum. Black market illegal, no quality control. Can challenge companies to be more innovative. New byob rules just common sense" good news or bad news for business owners. Corkage fee for bringing your own bottle, making pure profit without costs/supplying. How much will consumers be willing to pay for corkage fee (from -25) More customers who may not have bought a drink because of the set prices. There is a hassle, competition with other companies with this new change. Used to make a nice margin on wine.
