Business-transactions and Accumulation of Economic Resources

Abstract

Operational management implies not only production management but logistics, innovative management, transaction and quality management and other components of organization of business as well. Operational managers bear the responsibility that company should possess advanced production and organization methods, implement continued modernization and remain the leading positions. In order to beat the competitors, together with care on price and quality - the firm should try to implement an innovative technology and in such manner satisfy the customers` requirements in a better way. The Indicator of enterprise`s backwardness is relatively high cost price, low-grade production or both at a time, which presents the ineffective combination of resources. Division of costs into fixed and variable types are being performed according to the short-term periods. As for long-term periods, according them all the costs are variable. Short-time period is the time interval, during of which it is possible to increase the production capacity only by improvement of variable costs. If the part of resources applied in the manufacture are left unchanged and they are added with some other resource, then production volume might be increased in the beginning, but since then, whilst the optimal correlation of resources will be violated, the moment will rise, when an additional resources involved in production will gain ever less and less return. In such case, the law of decreased return (or the decreased marginal production capacity law) is active. The least is nothing more than a grow of variable expenses per production unit under the conditions of unchanged costs. Marginal return - means the surplus of production capacity, which is conditioned by application of additional unit of resource. Key words: business, marketing, agreement, transactions, enterprise, resources, production, operation, goods, automatization, firm, cost, raw materials, materials, calculation.