Business Administration 1220E Lecture Notes - Lecture 15: Cash Flow, Net Income, Income Statement

• School: Western University
• Department: Business Administration
• Course: Business Administration 1220E
• Professor: Sergio Janczak

Document Summary

Class notes: work on firm valuation using the 3 methods. Resources should be allocated to improve areas where other competitors are weak so you can compete with them. You need to understand how to evaluate your company and know how much buyers are willing to pay- even if you don"t want to sell. In the decision, where you pick the best option, you need to use arguments from your analysis and show how you"re using this information. Three kinds of customers; families, people with above average salaries or corporate customers, people looking for a quiet place to relax. Weddings require very specific services, like particular food that has been selected beforehand- expect a very high level of quality and decoration. Families don"t have the ability to negotiate price, whereas companies do because they take a lot of rooms (corporate rates) Key features; unique location, intimate atmosphere, good food, good value: location is very important, with a cottage aspect/experience.