Sport Active Leisure Unit 10 - 756 Words

SPORT AND ACTIVE LEISURE: LEVEL 1 BTEC UNIT 10: RISKS AND HAZARDS IN SPORT AND ACTIVE LEISURE LEVEL 1 – 4 CREDITS Tutor: Issue Date: Assignment Timescale (hrs): Review Dates: Task 1: Task 2: Submission Date: Formative/Summative IV Review Dates: |Assignment Brief: | |The aim of this unit is to introduce you to risks and hazards in sport and active leisure. You will learn that any person who participates | |in sport or active leisure is at risk of sustaining an injury. This is why it is important that any person wishing to pursue a career in | |sport or active leisure†¦show more content†¦Illustrate your findings using 2 tables (one for risks and one for hazards)using the headings: Environment, Equipment Personal (1.1 1.2) Task 2: Learners are to take part in a delivered session identifying high, medium and low risk sports. As a group produce 3 spider diagrams, one for each level of risk and sports associated with each level of risk. Learners must then choose one sport from each risk level group. Using the headings environment, equipment and personal, identify a minimum of 3 risks and 3 hazards for each heading associated with your chosen sports. (1.1 1.2) Task 3: As a group discuss ways to minimise risks and hazards within sporting activities. From the sports chosen in task 2 learners must thenShow MoreRelatedMarketing Plan Atos3651 Words   |  15 Pages2015 Table of Contents Company Background 4 Mission Statement 4 Products 4 Consumer Analysis 5 Competitive Analysis 6 Industry analysis 7 GTA – Home Market 7 Canada – Domestic Market 8 Foreign Market 9 Strategic Plan 10 Marketing Mix 12 Product 12 Price 12 Place 12 Promotion 13 Objectives and Goals 13 Short-term plan 13 Long-term marketing objectives 14 Market share and customers projections 14 Recommendations 16 References: 18 Appendix 1 20 Read MoreFitness First, the Leisure Industry3394 Words   |  14 PagesService Marketing Individual Assignment Fitness First The Leisure Industry Contents Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Brief Overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Market Size and Forecast†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 Competitors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..4 Marketing Environment External Environment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 Internal Environment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....12 Opportunities and Threats†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦.12 StrategicRead MoreStrategic Essay3725 Words   |  15 PagesSUBJECT OUTLINE 27324 Strategic Management in Leisure, Sport and Tourism Organisations Course area Delivery Result type UTS: Business Autumn 2013; Kuring-gai Grade and marks Credit points 6cp Subject coordinator Dr Katie Schlenker Ph: 9514 5303 Fax: 9514 5195 Email: Katie.Schlenker@uts.edu.au TUTORS Ashlee Morgan Email: Ashlee.Morgan@uts.edu.au Barbara Almond Email: Barbara.Almond-1@uts.edu.au LECTURE: Thursday 10:00 – 12:00; KG02.04.16 TUTORIALS: Thursday 12:00 – 13:00; KG02.04.64 – AshleeRead MoreObesity And Its Effect On Health1217 Words   |  5 Pagessweetened beverages that do not contain artificial sweeteners, such as sucrose and high-fructose corn syrup, including soft drinks, fruit flavoured drinks, cordials, sports drinks, energy drinks and vitamin water drinks (4). 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ISSN: 1473-8376 www.hlst.ltsn.ac.uk/johlste Finding the Hospitality Industry Paul Slattery (paul.slattery@drkw.com) Dresdner Kleinwort Wasserstein 20 Fenchurch Street, London, UK. DOI:10.3794/johlste.11.7 ï £ © Journal of Hospitality, Leisure, Sport and Tourism Education Abstract Some academics from the UK have published a conception of hospitality, which they argue is the basis for the understanding of the hospitality industry and for teaching and research in hospitality management (Brotherton

How Sustainable Development Urban Areas Is Wicked Problems...

This essay will analyse and examine how sustainable development in urban areas generates wicked problems for modern share economy businesses such as Uber and Airbnb. A wicked problem is defined as a social or cultural problem that is difficult or impossible to overcome. Some of these problems are encountered by businesses, Uber and Airbnb which are effected by complex economic, legal, political and social factors. The share economy is known as a socio-economic ecosystem built around the sharing of human and physical resources (Matofska, 2014), they are also often referred to as peer-to-peer (P2P) networks where consumers are able to connect with sellers/providers to cater to the needs and wants of both parties. Businesses in the share economy, including Uber and Airbnb can create sustainability in urban areas by giving people the opportunity to communicate more efficiently through P2P networks and by providing cheaper and more personalised experiences for customers, Uber drivers and Airbnb landlords. Although the large growth of share economy businesses within the urban space can be beneficial by providing new opportunities for a range of stakeholders, there are several challenges and complexities including the ones faced by regulatory authorities. Stakeholders are essential to any business and often include the business owners/investors, consumers, employees, the community and the government. In an urban environment, these stakeholders associated with share economy

Assessment and Treatment Exercise Free Essays

Jesminder â€Å"Jess† Kaur Bhamra presents today with difficulties she is having at home. She comes from a very traditional and strict Indian family where gender roles are clearly defined. Women are expected to learn to cook and care for their husbands, who are, of course, expected to be the sole breadwinners. We will write a custom essay sample on Assessment and Treatment Exercise or any similar topic only for you Order Now She states that she loves and respects her parents as well as their traditions but feels such traditions are antiquated. She has decided to seek counseling because of her recent encounter with her mother. Jess does not wish to take on the traditional role of young Indian women, who marry young and desire a husband. She is very assertive and wants to break out of the mold, being something different than what is expected. I evaluate this as a typical adolescent issue, a growing pain, if you will that is being trivialized by her parents. Jess is at a crossroads. It is normal to desire to please one’s parents and Jess needs to evaluate her motives for doing what she wants for herself and what her parents’ desires. Client Motivation Jess sees herself as a female version of her hero, David Beckham, competing in soccer rather than cooking for an acceptable Indian man as tradition dictates. She has posters of him plastered all over her bedroom. She watches him so intensely on television that she is not even always aware that her parents are calling her. She plays every chance she gets with her male counterparts in the park. She even keeps up a rouse of a summer job to secretly participate on an all girl team. She is also made aware by her teammates and coach that there is a real possibility that her dream of playing professionally may be realized Client Resources (strengths) Jess exercises and practices frequently. Her coach and peers encourage her and let her know how good of a player she is. The guys that she plays with at the park come to her games to cheer her on. Jess is highly disciplined. She takes her training seriously and has a very loving and supporting family. She states that her mother always wants the best for she and her sister and that she is always concerned with their well-being. Jess can talk to her father about anything that is going on in her life and most of the time, he is very understanding. She and her sister have a close bond. Her relationship with her sister, Pinky, is one of the things that enables her to continue on. Pinky covers for Jess so that she can continue to play soccer. She encourages her to do her best and not to worry about other people’s thoughts about what she is doing. Jess also mentions Jules, a teammate who is going through a similar situation with her own family and has been able to relate to her struggles. They are a tower of strength to each other. In addition to sheer determination, these are things that keep Jess focused on her goals. Interpersonal functioning Jess’s peers share her interests. She has a few peers that are ‘boy crazy’ but she does not really hang out with them. Jess has slowly begun to detach herself from them because they cannot understand why she would rather get sweaty and dirty than go shopping with them. She also has an understanding coach, Joe. Joe has helped her break out of her shell by allowing her to accept herself. She was very afraid to play in short pans because of the burns she encountered as a child. Joe showed her his scar and she is no longer afraid to play in short pants. This new level of acceptance has propelled her into a greater realm of possibilities. No one on her team comments about it. One of her peers from the park made a comment but she was very resilient to it and it has not been an issue since. She has made a healthy adjustment to her circumstances and not let a deformity discourage or predict her future. Intrapersonal function According to Jess, going against her mother’s wishes is like rejecting her own culture. The reason that she feels this way is because she believes that she has nothing in common with the majority of her peers, especially those within her culture. Her priorities clash with her mother’s expectations. Jess believes her mother wants her to be more feminine like her sister and that her mother values matrimony over independence. Even though she has now surrounded herself with people that are interested in the same things she is, she can not help but feel alone. As much as her friends want to be there for her they do not understand why she can not just tell her mother what she really wants to do and her peers have a hard time letting her deal with the situation. They do not understand her traditions. Even though her sister has always been there for her, Pinky is more traditional. Jess is the only female in her immediate cultural surroundings that has an unusual aspiration and she is trying to assess her feelings. She needs to determine if she is doing the right thing. Without any female role models in her culture to model, it is an even more difficult feat. As much as she wants to follow her dreams and make soccer her profession, she is also feeling torn inside. Ethic/Culture/Gender considerations In Indian culture one of the most important things there is, is marriage and family. It is unthinkable for a daughter to go against her parents’ wishes and most importantly playing such a masculine sport like soccer. According to Jess girls are supposed to put a great emphasis on learning how to be a good homemaker and making their husband happy and then they can think about such things as education and other interests they may have. In Indian society an arranged marriage is seen as an act of love. Since marriage in their culture is one of the most important decisions a person will ever make and because divorce is not accepted among most Indians, it is important that the marriage choice is carefully thought out and planned. The family, usually the parents, look for certain traits in a marriage partner. Some desirable traits looked for in both male and female are things like matching levels of education, matching cultures, close parental cities and matching religions. There are however times when a â€Å"love match† happens as it was in the case of Pinky and her fiance. A love match is much like an American marriage, where the two fall in love. However, in Jess’s case her interest in soccer was not going to be accepted that easily. Her situation went beyond what any elder in her family would ever understand. For them, seeing Jess run around in a pair of shorts playing a game that is considered a â€Å"men† sport would bring much disgrace to their whole family. Her culture does not accept any form of homosexuality. She almost destroyed her sister’s chances of getting married because the fiance’s family thought they saw her kissing a girl. She and Jules were joking around on a bus stop and it was misinterpreted by Pinky’s future in-laws. It brought temporary shame to her family. Her culture is very keen on respecting parents and obeying their wishes. This is why the secret that she keeps is causing her so much turmoil. Her family is deeply religious and she has to participate in various rituals that interfere with her ability to play soccer. Developmental considerations If Jess were to be a â€Å"regular† girl growing up in the United States the problem that she is going through might not be such a big deal with any other family. There are some families who would love to have a well-rounded teen-ager who is staying out of trouble and has not given into peer pressure to follow any trends. For a 17 year-old Jess is very mature and is able to analyze the consequences that her actions might bring. She is mature enough to understand that she is caught between what she wants and what her parents want for her and was able to seek out the help that she needs in order to address her problem. Inferences and Judgments Jess is a wonderful young lady. She is very grounded and disciplined. She has great friends. One of the young men she pals around with even offered to marry her so that she can pursue her dream. She was offered a scholarship to play soccer and she does not know how to inform her parents about it. Given her history and her internal conflict, I am confident that Jess will make the right decision and right choices for her family and her future. Summary Practitioner’s impressions, including the initial problem targeted for treatment When I first met with Jess I believed her to be a well-rounded person that really knew what she wanted. She has a lot of things going in her favor such as having a strong support system that she can count on and having a strong sense of self when it comes to what she wants out of life. She is lacking the confidence and courage to confront her mother and let her know what she wants out of life. Identification of goals Some of the goals we have set during our sessions involve ways of solving her dilemma with her family. Her father has become aware of her situation and she was allowed to play in the tournament. She has made immense progress by allowing one of her parents to become her ally. She needs to build and strengthen her relationship with her mother and allow her mother to come to terms with her decisions. She also needs to stand firm on her beliefs. Jess must learn to combine her interests and goals for the future with her cultural influence. She also needs to learn to be more constructive in her way of handling others’ opinions of her culture. She had become very upset on the field when a young lady called her a Paki. She began fighting with her. She and Joe have developed feelings for each other. She must work getting her parents to accept this because he is not of her culture. Overall, she has made tremendous progress and at this point, she seems sufficient enough to execute these goals without further intervention. How to cite Assessment and Treatment Exercise, Papers

Capital Management Components On Corporate â€Myassignmenthelp.Com

Question: Discuss About The Capital Management Components On Corporate? Answer: Introducation In the market economy, one of the important factors of economic growth is capital accumulation and investment of capital. One of the crucial conditions for any business entity to ascertain viability, profitability and development of its own is the effectiveness of the invested capital. Based on the long-term goals the firms have, they incorporate the decision of financing and investing (Daunfeldt and Hartwig 2014). The likely outcome of the investment made are always concern of the business and the knowledge of such procured by them based on capital budgeting techniques and various analyses which are conducted prior the investments are being made. The paper gives an outlined discussion about the role and requirement of capital budgeting. It further discusses the concepts of sensitivity analysis, scenario analysis, break-even analysis and simulation technique and their applicability in helping the investing business body to procure knowledge about the expected outcome of their actions of investments. The paper is prepared based on the motive to show how such theoretical analyses concept applies to business decision-making process and to what extent it influences such decisions Discussion: In order to take any decision regarding investment, a business always needs to undertake capital budgeting process that helps the business entity determine whether to take up the investment in certain projects. A business organization has to take decision regarding various issues like installation of new machines, new plants, replacement of old machines, launching new products, research and development for new projects all of which requires funding through the capitalization structure of the firms. The capitalization source of the company includes debt, equity or retained earnings received by the companies (Dutta and Babbel 2014.). Capital budgeting is a technique that rightly tries to allocate resources for capital utilization and investment expenditure so that the firm is able to derive higher return from the investments made and deliverance of higher payoffs to their shareholders. Important procedures or concepts applied in capital budgeting are: Accounting Rate of Return Net present Value Internal Rate of Return Profitability Index Equivalent Annual Cost Capital budgeting is important to help a firm take decision regarding its investment decision but it is not the only component to be carried, as there are other analysis needs to be followed too. Some of them are sensitivity analysis, scenario analysis and break even analysis followed by stimulation techniques (Nas 2016). Sensitivity Analysis The investment decision is exposed to many challenges regarding the strength weakness of the project they are invested in. This further brings forth the associated risk factor that comes up in almost with every decision. To ensure effectiveness of the implementations, the set of risks associated with any projects should be assessed. There comes the importance of sensitivity analysis. It helps the investor attain additional insight about the decision made for incorporating any investment (Damodaran 2016).. This is a technique that helps the business determine the difference of the impact of independent variables on certain dependent variable under given assumptions. The independent variables are used as input variable that specifies the boundaries for the impacts assessed (Xu and Yuan 2015). For example, how the bond prices are affected by changes in interest rate and currency exchange rates can be assessed by running sensitivity analysis where bond price is treated as dependent varia ble and rate of interest and currency rate as independent variables. SA examines the extent and viability of any project based on the quantifiable variables associated with the investment decisions (Mathuva 2015). The greater the fluctuation of the parameters the lesser is the risk inherent in the project. Sensitivity analysis helps to derive the net benefits derived from the project along with making a quantitative analysis of their influence. It includes testing of the effects of variation the cost and benefit variables that are selected based on the projects internal rate of return or net present value. In the algorithm of investment risk analysis, sensitivity analysis is one of the important tools that effectively quantify the risk analysis. The major purpose is to quantify the riskiness, the possible consequences by evaluating the risk (Maroyi and van de r Poll 2012). This analysis helps managers to assess the responsiveness and sensitivity of net present value of any project to the changes in the variables that are used to calculate it. NPV depends on various independent variables like volume of sales, selling price, initial outlay, investment cost and components, variables costs, interest rate on loans, discount rate and so on (Ba?bura, Giannone and Lenza 2015). With changing situations they receive impacts when calculated under alternative assumptions which rightly evaluate the amount of sensitivity they have with respect to the changes over time. The vulnerability of the project with respect to the changes in various dependent variables are assessed. Application of sensitivity analysis helps in locating the variables to which NPV is responsive and sensitive too. The extent f their changes are also detected before the business starts resulting in negative NPV. The possibility of whether or not a project would fail is captured by the analysis (Damodaran 2016).. Controlling of the variables affecting the performance of NPV are important to be taken care of since negative present value acts as one of the risk factor in the investment that a business would certainly want to avoid. SCENARIO ANALYSIS The next component in analysis comes the scenario analysis, which involves the process of estimation made about the expected value of any portfolio investment after a period. The estimations are based on the changes of the factors related to security of portfolios such as rate of interest. This kind of analysis helps the business assess the changes that might take place due to unfavorable event and their impact on the net value of the investment made (Sargent 2013). To examine the effect of theoretical worst-case scenario of the decision, the scenario analysis plays important role. This analysis brings forth various possible outcomes that might be developed in future instead of fiving one specific estimation (Burns and Walker 2015). The scenario analysis is excluded of extrapolation that is it does not depend on the past trends followed by historical set of data. It also discards the past expectations to remain valid for future estimation analysis. There are various methods to encounter scenario analysis common one being determination of standard deviation of the monthly or daily returns of security followed by computation of the expected value of the portfolios (Daunfeldt and Hartwig 2014). Based on the position of the standard deviation above or below the average rate of return, the analyst derives reasonable amount of certainty about the change in the valuation of any investment in a given time period after running simulations of the extreme results (Kaplan and Mikes 2012). Scenario analysis helps the business analyze the result of the extreme outcomes related to business in order to design and develop business strategy. The process of scenario analysis not only helps in examining the potent of investment but also helps in assessing the values shifts of various financial institutions. In order to examine different outcomes emanating from financial decisions made by the consumers this analysis is helpful tool. The potential outcome of any financial decisions taken by business can be evaluated based on such analysis. The scenario analysis helps to evaluate the potential variability that the net present value of capital budgeting project has. Based on the different scenarios the net present values might change and that are effectively captured by the scenario analysis. Based on the analysis made by the analyst, estimation of expected cash flows are derived which is known as base-case scenario. Net present value is computed for both the outcomes of vest case and worst-case scenario (Lam, Cheung, Tang and Ng 2012). The analysis of worst-case scenario is very helpful for the managers as it allows them to reap an idea about the extent to the fall in NPV. How NPV is affected due to simultaneous changes in various factors are rightly captured under scenario analysis. Break Even Analysis: The break-even analysis helps the business locate its operative level that faces equality between received revenue and incurred cost or expenditure. This analysis helps the business set its margin of safety with regards to the profit and loss incurred by the company. The margin of safety is ascertained when generated revenues exceed the cost of the business that is the exceeding of the break even point of the business (Burns and Walker 2015). Revenues can fall even staying above of the break even point. The analysis is concentrated to supply side of the business dealing with the costs of the sales. The analysis excludes the demand side impact of difference in the price levels (Hasan 2013). The conduction of break-even analysis depends on the mostly concept of three types of costs. They are fixed cost, variable cost and semi-variable cost. Fixed cost consists of the costthat has no impact on it due to the increase or decrease in the amount or production a business undertakes. It is the cost the company has to incur irrespective of the business activity and its condition. This is one of the major component of the total cost of any business (Daunfeldt and Hartwig 2014). A company paying an amount of $10,000 per month to pay for the cost of lease even if the production is halted falls under fixed cost category. Cost for the lease of land, advertisement, rents are included in the fixed cost that needs to be maintained anyhow even if the productions are not running. Variable cost is dependent on the production of output. They are positive function of production amount since as the production rises they rise and fall with the decrease in the production (Brealey et al 2012). This includes costs of the direct inputs such as materials used in production and direct costs of labor and capital. The variable cost in the long run increases steeply as the production in expanded. Semi variable cost is also semi fixed cost that includes combination of both these type. Up to certain level the cost of production remain fixed and beyond that, the cost starts to increase as the production increases (Bodie 2013). Semi variable cost leads to greater level of total cost for the expanded production and a fixed amount of cost for no production at the extreme case. Labor costs of factory workers are of this type of cost where for regular working hours they receive a fixed pay off and for hours beyond that they receive extra pay offs depending on the hours (Ba?bura, Giannone and Lenza 2015). After evaluating, the cost of production next step in the break even analysis is to ascertain the price level which is partly responsible in generating greater revenues combined with amount of sales. Even the amount of sales depend on the pricing further (Hwang and Masud 2012). The prices can be competition driven in order to capture the higher market share based on profitability. Penetration pricing is another strategy applied by business in order to set strategy that focuses on attracting larger customer base toward their products (Bierman and Smidt 2012). Variable cost-plus pricing is the method of adding mark up to total variable cost when it comes to set the prices. It is expected that the mark up covers for the total or partial of the foxed costs and helps in generating profit. Simulation Technique This is stochastic linear programming helps the firm to derive the expected return of investments assessing the inbuilt risk factors in portfolios. It helps to assess the NPV associated with different projects (Bhattacharya 2014.). Different probabilities are associated with different outcomes and often it is not possible to produce exact probabilities of any event. Range of probabilities is existent. Having knowledge of different probabilities help in calculating the interrelations among the variables through the process of simulation. For example, a distribution of NPV can be derived based on the probable availability of cost-saving percentage and low usage of energy. This gives the probability assigned with each possible NPV (Bardach and Patashnik 2015). This further helps in deriving the discount rate to evaluate the uncertainty and riskiness associated with the NPV. Simulation helps in deriving the risk prone of the projects. Higher riskiness creates more hurdles for the busines s compared to lower risk detected. The adjustments of risk are hence important factor to be taken care of. There are two ways to adjust the returns of a project face higher risk by increasing the discount rate or making reduction the payment (Ba?bura, Giannone and Lenza 2015). Increasing the discount rate is composed of base risk free rate and a value added beyond a point depending upon the level of risk. Higher risk calls for higher premium and greater uncertainty leads to fall in NPV as the discounted rate for future are high. This further implies the necessity of the project to have higher internal rate of return to exceed the rate of hurdles (Hill 2013). Conclusion From the above discussion the role of capital budgeting teamed up with sensitivity analysis scenario analysis and breakeven analysis are well understood. In the modern world of market economy investment and capital expansion plays important role in ascertaining growth of business by tapping market potentials. How effective investment decisions are for the business organization are well analyzed based on these methods and techniques of analysis and simulations. How certain internal as well as external factors of business affect the business operation and the outcome of its decision are greatly based on the results of such analyses that helps the firm to identify and set strategies according to such issues. Thus in decision making of business entity the aforementioned analyses play bigger role consolidating the process of capital budgeting. References Ba?bura, M., Giannone, D. and Lenza, M., 2015. 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