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Management decide to reduce ‘freelance lectures’ by at least 10% How can this be linked in evaluaiton financial performance?
Firstly, they are not reducing freelance lectures by 10%. The are paying them 10% less, which is not the same thing.
If they are paying them less, then this (on its own) would increase profit – and therefore improve financial performance.
Brilliant break down of concepts John
In regards to the staff training percentage, you stated 64% increase, but didn’t it increase by 163.9% (3396-1287=2109/1287)
Another great feature of opentuition, it is helpful to see how questions are being answered. I am really amazed that you are providing all of this for free!
I have a question if I may ask – There was a fall in number of students, yet our market share has grown, can you clarify this point please? I kind of get the idea but it is not really clear, I have always thought that a fall in customers mean a fall in market share and so.
Let me give you an example:
Suppose there are 1000 students in the world, and 100 of them come to us. That means that our market share is 10%.
Suppose that next year there are only 500 students in the world, and 55 of them come to us. That means our market share is now higher at 11% (but the number of students is lower).
Thank you! Now I feel dumb as it is very obvious! I have had the idea in my mind but it wasn’t very clear, but now I get it, thanks!
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Thanks a lot for your amazing lecture..
The total staff costs is suppose to be 41.663 in 2009 so therefore the freelance will be 14.582.
@nsbtrini, Ooops, thanks! Sorry
However the comments about it still stand
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