Purchase Solution

Tim Horton's and Reduction in Cost

Not what you're looking for?

Ask Custom Question

Identify an organization and recommend methods to reduce costs. What effects do technologies have on costs? What are some lower-cost sources the organization can utilize to reduce costs? What considerations might cause a profit-maximizing firm to decide to forgo using lower-cost sources?

Purchase this Solution
Solution Summary

This solution of 368 words looks at Tim Horton's and how it manages to reduce costs using lower-costs sources. It takes the specific example of labor and analyzes strategies Tim Horton's use.

Solution Preview

So, let's come up with a good model organization. It's usually pretty easy to think about manufacturing companies, or service companies that do something straightforward. To make this simple, let's take Tim Horton's as our example.

One of Tim Horton's biggest costs is labour. One possible method by which to reduce costs would be a more widespread adoption of self-service stores. This reduces the number of employees required to serve customers. A possible extension of this technology would be to move towards both self service and self checkout. Tim Horton's has a ...

Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

View More Free Quizzes
Related BrainMass Solutions

  • Binomial Probability Distribution

    The manager of the local Tim Horton's found that 60% of her employees call in sick on Fridays before the long weekend.

  • The solution to Gross Profit Method

    Beginning inventory $100,000 Net purchases 300,000 Net sales 600,000 Percentage markup on cost 66.67% A fire destroyed Horton's October 31 inventory, leaving undamaged inventory with a cost of $6,000.

  • Accounting for a Capital Lease for Horton Company

    This solution indicates what type of lease this is and provides journal entries, the lease amortization schedule and the depreciation schedule in an attached Excel file.

  • TCO A, B H - Accounting Problem

    In itemizing his deductions, what is the amount that Tim may claim as a deduction for taxes?

  • Linear Algebra Problems Question Set

    Tina and Tim work together and are planning to take a trip this weekend. On Friday afternoon, Tina gets a head start and leaves work in her car traveling at 45 mph. Three hours later, Tim leaves work on the same road at 65 mph.

  • Rational Economics of an Irrational World

    Cost benefit analysis lures women to big cities like New York where chances of finding a mate with big income are higher than in small towns. This rush however, overpopulate the marriage market leading to a an oversupply of women.

  • Journal entries and trial balance

    2,000 e paid creditor on account, 450 f withdrew cash for personal use 1,500 g paid automobile expenses( including rental charge) for month, 1,700 and miscellaneous expenses, 375.00 h paid office salaries 3,000 i determined that the cost of supplies

  • Solving Linear Equations

    Tina and Tim work together and are planning to take a trip this weekend. On Friday afternoon, Tina gets a head start and leaves work in her car traveling at 45 mph. Three hours later, Tim leaves work on the same road at 65 mph.

  • volume of the box

    Show step by step work and include units in your answer. Solution: The golf clubs cost $1584. Tim has already saved $582. The amount that Tim has to save further is $1584-$582=$1002.

View More Related Solutions