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Pelicans Ice is a snow cone stand near the local park. To plan for the future, Pelicans Ice wants to determine its cost behavior patterns. It has the following information available about its operating costs and the number of snow cones served. The variable cost per snow cone using the high-low method is
Economic Factors
External factors including the strength or weakness of markets, stability of trade cycles, specific industry conditions, customer preferences, and government’s economic policies.
Labor Laws
Regulations and laws that govern the rights and responsibilities of workers, employers, and labor unions to ensure fair employment practices.
Political Factors
Elements related to government actions, policies, and political stability that can influence business operations and decisions.
Acquire Resources
The process of obtaining the necessary materials, finances, and human skills required for the operation of a business or project.
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