Maximizing Profits in Market Structures - 1287 Words

Assignment: Maximizing Profits in Market Structures 1 What are the characteristics of each market structure? A competitive market is many sellers that sell similar products with very little control over the market selling price. An example of competitive market structure is a gasoline station. There can be many gasoline stations in a certain mile radius, the more gasoline stations there are in a small area the higher the competitive the market. Monopolies: Monopolies are a group of business people who act as one. Considerable power is in the company’s ability to set and influence prices. The power is determined by the demand curve cladding the company and with almost no competition. Monopolies have no public ownership.†¦show more content†¦The steeper the demand curves the better the discretion in pricing. Some businesses, during the day to day running of business, may choose to have a nonchalant or unconcerned approach to its competitors, ignoring the competitors’ market-related decisions can have detrimental consequences in securing the businesses’ place in the market structure is disadvantages, depleting instead of maximizing its profit and revenue. Managers must be diligently aware of their company’s competition at all-times to maximize profitability possibilities. â€Å"Managers, of oligopolistic competitive firms may engage in open price (or design-, service-, promotion-) warfare or othe r predatory or even criminal behavior to the end of eliminating competitors so that monopoly (or more-limited oligopoly) position can be achieved (Chapter D4, Oligopolistic Competition). What are the barriers to entry, if any? Competitive Competition market is the heart of the capitalist economy. Various levels of competition set the market structure. Monopoly and Oligopoly are the elements of a competitive market. Assignment: Maximizing Profit in Market Structure 5 Monopoly Monopolies have effective barriers to entry because they have certifications, franchises; patents and trademarks that make it difficult for competitors to enter a certain market. Exiting and dissolution are always achievable. Sellers are few and areShow MoreRelatedMaximizing Profits in Market Structures Paper1129 Words   |  5 PagesMaximizing Profits 1 MAXIMIZING PROFITS IN MARKET STRUCTURES PAPER Maximizing Profits in Market Structures Paper Sharon Ballard XECO/212 Michelle Council November 7, 2010 Maximizing Profits 2 Maximizing Profits in Market Structures Paper The structure of a market is defined by the number of firms that are competing in that market, along with factors such as: the ways in which these firms are alike or different, andRead MoreMaximizing Profits in Market Structures Essays1238 Words   |  5 PagesMaximizing Profits in Market Structures Maximizing Profits in Market Structures Competitive Markets The basic characteristics of a competitive market are one of many suppliers provides basically the same goods or services. There are so many suppliers and so many consumers that one supplier alone cannot influence the market prices. Each supplier, or price taker, is at the mercy of the current market conditions at any given time. (N. Gregory Mankiw, 2010, p.290).ThisRead MoreMarket Structure and Analysis 996 Words   |  4 PagesThere are a few different market structures, competitive market, monopolies, and oligopolies. According to Mankiw (2007) competitive market, also known as monopolistic competition or â€Å"perfectly competitive market† is defined as â€Å"a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker† (Pg. 290). In this market structure there are two characteristics: there are many buyers and many sellers in the market and the goods offered by the various sellersRead MoreMain Factors of Product Pricing in the Uk1416 Words   |  6 Pagescharge a profit-maximizing price where price is determined when marginal cost equals marginal revenue. They operate to seek a maximum return on the investment and costs they have input. The diagram below shows how firms produce at the profit maximisation point (MC=MR) and what costs they incur (point C). It also shows that most firms that follow a profit maximizing strategy incur a profit (price is greater than cost) . Figure 1 From Wikipedia.org Figure 1 From Wikipedia.org Although profit maximizationRead MoreTopic: Profit Maximization of a Firm.1326 Words   |  6 PagesProject Topic: Profit Maximization of a firm. Profit maximization has always been considered the primary goal of firms.The firms owner is the manager of the firm, and thus, the firms owner-manager is assumed to maximize the firms short-term profits (current profits and profits in the near future).Today, even when the profit maximizing assumption is maintained, the notion of profits has been broadened to take into account uncertainty faced by the firm (in realizing profits) and the time valueRead MoreStrategy Simulation Game: Economics for Managerial Decision Making1243 Words   |  5 Pagesa firm must make in order to achieve maximal profit and how the approach changes based on the four general classification of industries (Stegmann, 2009) and the decision that I made using the information from AMBA670 and previous course. Decision making processes of management is described in different market structures. Just as it pertains to any for-profit business organization, the goal is to cut and maximize profits in each type of marke t structure. Based on the information provided, QuasarRead MoreStudent1589 Words   |  7 PagesDermaPlusTM are hospitals and pharmacies. The topical cream category is extremely competitive and has led to BioMed’s market share to be small. Due to the size of BioMed’s market share they are unable to influence the market price. We also must assume that the market of BioMed can be modeled as being perfectly competitive in equilibrium, allowing the use of the model’s profit maximizing criteria. The plant producing DermaPlusTM has been in operation for three years with no change in manufacturingRead MoreAssignment 3.1 Techinal Questions Essay815 Words   |  4 Pagesthe firm’s profit-maximizing (or loss minimizing) output. Is each firm making a profit? If not, should the firm continue to produce in the short run? In the first graph, the firm is losing money, but it should not shut down because P gt; AVC. So the loss minimizing choice is to stay in business in the short run. To shut down would lead to higher losses equal to fixed costs and these losses would be more than the current losses. In the second graph, the firm is realizing a profit because P gt;Read MoreEvaluation of Baumols Model1733 Words   |  7 Pagesunits at a high price. There are different managerial models in a firm embodying different assumptions like the Profit Maximization Model which is a traditional model, the Marris Model, the Williamson Model and the Baumol Model. This write-up will focus on understanding management preferences in terms of price, revenue and profit maximization, critically evaluate the management model of Baumol and review the extent to which the Baumol modelRead MoreDifferentiating Between Market Structures Essay1077 Words   |  5 PagesDifferentiating between Market Structures The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. The author of this paper will cover: the advantages and limitation of supply and demand identified in the simulation, the effectiveness of the organization in which the author knows, and how the organizations in each market structure maximizes

Restorative Justice And Restorative Prisons - 1852 Words

Restorative justice ways are a very controversial topic. Many people have different opinions about whether restorative justice is a good idea or not. Restorative prisons are a part of restorative justice and they can positively impact many people who were involved in some way of the crime or not. One way of restorative prisons are very effective and beneficial is because it gives the perpetrator more of an option on rebuilding their life after. It also helps the perpetrator see the good in themselves as well as others see the good in this perpetrator. Restorative prisons don’t just give the perpetrator freedom right away they have to go through a process to prove that they want to be a better person so they are not just receiving freedom†¦show more content†¦This is because in the restorative prisons they had to help out around the prison and actually do things versus other prisons where they just sit in a cell all day. There was a 19 year old who was driving a stolen car and lost control. When he lost control he killed four people and was sentenced for 47 years in jail. This offender didn’t have a good example to follow while he was growing up. His dad abended him when he was young and was left to be raised by him mom who was an extreme alcoholic (Pope 2011). This is an example the restorative prisons would really help someone who never got proper information growing up on how to behave and things he can do and things he can’t. The restorative prisons would help someone like him by not locking him up for a number of years. This helps the perpetrator because they have more opportunities while in the restorative prison that will help them once they can leave. At the restorative prisons everyone helps out around the building including the perpetrators and that can help them feel better about themselves because they are doing something useful. Also at these prisons the perpetrators are allowed to leave for work as long as they are bac k by a certain time which also give them more opportunities to make their life better. Some of these prisons also offer training for the perpetrators so they are exposed to more options. Restorative justice ways look intoShow MoreRelatedRestorative Justice For The Prisons1378 Words   |  6 Pagesgot released from the prisons? And how many effective programs can be helpful for them?Many posts-release prisoners have experienced recidivism and social stigmas due to lack of programs. In fact, restorative justice for people in prison has played a big role in our correctional systems in many different ways.Restorative justice in prison shapes our prisoner s morals and abilities by providing a suitable technique. Although punishment may play a part in restorative justice techniques, the centralRead MoreRestorative Justice in the Prison Setting5289 Words   |  22 PagesRESTORATIVE JUSTICE IN THE PRISON SETTING Dr Andrew Coyle International Centre for Prison Studies King’s College University of London United Kingdom A Paper presented at the conference of the International Prison Chaplains Association (Europe) Driebergen The Netherlands 13 May 2001 RESTORATIVE JUSTICE IN THE PRISON SETTING Dr Andrew Coyle International Centre for Prison Studies King’s College UniversityRead MoreRestorative Justice And Reducing Prison Population1495 Words   |  6 PagesRestorative Justice to Reduce Prison Population Is long-term incarceration working to resolve issues of criminal conduct? When considering the population of people incarcerated is rising at an alarming rate and crime statistics not dropping by much, it is hard to tell if incarceration is working in these modern times. The United States prison population is the largest in the world. In fact, the United States has 2.3 million persons in institutions which is more than the rest of the world combinedRead MoreA Conservative Response to Restorative Justice Essay686 Words   |  3 PagesHow would a conservative reply to a proposal for restorative justice? How would a restorative justice advocate respond to a conservative proposal for more prisons? Restorative justice is defined as â€Å"using humanistic, no punitive strategies to right wrongs and restore social harmony† (Siegel, 2008, p. 189). Instead of imposing harsh penalties on offenders like long prison sentences or even the death penalty, restorative justice calls for a more rehabilitative approach, such as reconciliation andRead MoreThe Justice And Restorative Justice1621 Words   |  7 Pagesproviding rationale for restorative justice (337). Crimes committed by young individuals are often minor, first-time acts which can be mediated and addressed through the proactive administration of restorative rehabilitation, which often prevents recidivism. Restorative justice is a process where all parties involved in a particular offense come together in order to collectively resolve the aftermath and future implications of the specific crime (Roche 343). Restorative justice is the the ideal responseRead MoreRestorative Justice: Reconciliation of Society, the Victim and the Offender1335 Words   |  6 Pagescharacteristic of restorative justice- to reconcile society, the victim and the offender- but also to rehabilitate the offender so that he is no longer an â€Å"enemy† of the criminal justice system. This form of justice is gaining support in South Africa; however there are limitations to this form of justice which also in turn limit its success in the future. Restorative justice alone is definitely not a method of justice which we can adopt but it may be possible that this form of justice can help if itRead MoreThe Justice That Restores And Other Terms Within The Revised Statement Of Faith Essay1406 Words   |  6 PagesBackground: This memo is in response to Prison Fellowship’s Board of Directors request to define what is meant by references to â€Å"justice that restores† and other terms within the revised statement of faith. Defining references within the Prison Fellowship Statement of Faith: First, the statement of faith explains, â€Å"Our mission is to help restore those affected by crime and incarceration. This mission is founded on the Biblical conviction that all people are created in God’s image and that noRead MoreImportance of Restorative Justice in the Entire Justice Process1049 Words   |  4 PagesImportance of Restorative Justice in the Entire Justice Process Every judicial organization has a duty to deliver justice to the affected victims. This happens in many ways that include jailing the offenders for life, compensation of the victims and now the restoration of the victim and the offender. In restorative justice, the offenders must accept the accountability of all what he did to the victim (power point notes). In addition to the accountability, the offenders are responsible for the sameRead MoreRestorative Justice in South Africa - Can It work?1342 Words   |  6 Pagescorruption prisons are overflowing and imprisonment often creates more hardened criminals, rather than creating rehabilitated persons. South Africa needs to adopt a less putative approach to the punishment of crimes, and restorative justice can either help achieve this or only worsen matters. In this essay I will evaluate this punishment theory with regard to case law, legislation and various implementations relating to the matter. In evaluating these, I will develop m y own opinion on restorative justiceRead MoreCriminal Law, Questions and Answers 1284 Words   |  5 Pages1 Introduction Restorative justice as a whole is not gaining support in South Africa as the majority of our country is in favour of the punitive system in order to combat the high levels of crime. However, there are several areas of criminal law that has received increasing support for restorative justice as opposed to our current system, such as when dealing with youth offenders. Despite the harsh criticism of restorative justice, it has received judicial recognition in a number of cases recently

The Improving the Traditional Business Practice by Knowledge Management Arrangement Free Essay Example, 2000 words

The term knowledge management encompasses various attributes such as data, information, and knowledge. Data are the collection of unrefined facts demonstrating events occurring in corporations or the physical environment before they have been refined and organized into a form that people can identify and make use of it. And information is the collection of data that have been changed into a structure that is useful and serviceable to human beings (Laudon Laudon, 1999, p. 7; Norton, 2001, p. Finally, the knowledge is a collection of data and/or information that have been transformed and processed to offer understanding, experience, learning, and expertise as they apply to a current situation or job. Moreover, the data that are processed to recover important ideas and to reveal past expertise and experiences present the management with organizational knowledge, which is very helpful and precious (Turban, Leidner, McLean, Wetherbe, 2005, p. According to (Alwis Hartmann, 2008), the r esearchers and managers have acknowledged knowledge as a most important source of competitive advantage. Additionally, the knowledge is a potentially most important asset to the corporation as it can hold precious, unusual, unique and non-substitutable features mainly if it has a tacit aspect. We will write a custom essay sample on The Improving the Traditional Business Practice by Knowledge Management Arrangement or any topic specifically for you Only $17.96 $11.86/page Knowledge management supports an integrated idea to recognizing, storing, accessing, distributing, and assessing a corporation s information assets .

The Effects Of Alcoholism On The United States Essay

I was very one sided as I walked into a AA meeting. I thought that the meeting where boring and little bit too much for people who wont to stop drinking. I couldn’t understand why people look forward to these meeting when they can simply talk to someone at home. Nevertheless, I was wrong. Hearing these people story who suffer from alcohol addiction was very heart breaking. I remember one story about this man losing his son to car accident. The only way he dealt with the pain of losing his son was to drink. He stated ever night he drunk him self-asleep. He was so adamant about telling his story because if it wasn’t for the hospital staff he would have lost his life. Alcoholism is an addiction to the consumption of alcoholic liquor or the mental illness and compulsive behavior resulting from alcohol dependency. alcohol is the main common substance abuse in the united states. The reported show over 16.3 million adults over 18 years older had a least try alcohol in the l ife time. 71 percent reported that they drank in the past year. 4.7 percent of people ages 18 or older reported that they engaged in binge drinking in the past month. 6.7 percent reported that they engaged in heavy drinking in the past month. 50 percent of marriage fell due to the spouse drinking uncontrollably (Burke, 2015) The pathophysiology of Alcohol affects virtually every organ system in the body. Therefore, consuming to much alcohol in highShow MoreRelatedThe Effects Of Alcoholism On The United States1383 Words   |  6 Pages Ariel Herrera Alcoholism in the United States Alcoholism has been a societal issue that does not discriminate in terms of boarders. Although it is an international problem, this paper will focus on its implications in the United States of America. Alcoholism is defined as an obsession or addiction to the intake of alcoholic liquor or the mental illness and behavior resulting from alcohol reliance (Adewale and Ifudu 2014). This paper analysis the demographic differences in alcohol engagementRead MoreThe Effects Of Alcoholism On The United States Essay1967 Words   |  8 PagesUsually, the symptoms of a cold consist of a runny nose, sneezing, congestion, or a fever. So, if people have one or more of these symptoms they fall under the category of sick. Today, alcoholism is viewed in much the same way colds are viewed. Either people are sick or they are not. They are an alcoholic or they are not. An alcoholic is commonly defined as someone that heavily consumes alcohol, or even relies on it. In other words, an alcoholic is an addic t. Like how people with colds are labeledRead MoreSoc 203 social problems1286 Words   |  6 Pagesï » ¿ Alcoholism: A Social Problem I. Introduction Alcoholism is a major social problem that not only has an impact on the life of an alcoholic, but family members as well as society. Alcoholism is the third most common mental illness that affects more than 17 million people in the United States according to the National Institute of Alcohol Abuse. Alcoholism does not discriminate against age, race nor gender. II. Scope Alcoholism is defined as a disorderRead MoreAlcoholism: Symptoms, Causes, and Effects Essay981 Words   |  4 PagesAlcoholism: Symptoms, Causes, and Effects Composition I April 1, 1997 Alcoholism is a disease that affects many people in the United States today. It not only affects the alcoholic, but also their family, friends, co- workers, and eventually total strangers. The symptoms are many, as are the causes and the effects. Alcoholism is defined as a pattern of drinking in which harmful consequences result for the drinker, yet, they continue to drink. There are two types of drinkers. The first typeRead MoreAlcohol Dependence927 Words   |  4 PagesAlcohol is the most commonly used and highly abused drug in the world. In the United States alone, 17.6 million people suffer from alcohol dependence, or better known as alcoholism. Alcoholism is a chronic, progressive disease marked by a growing compulsion to drink and impaired control over drinking that eventually interfere with health and social behavior. It is an addiction that effects more people than just the alcoholic. Over 100,000 Americans die as a result of alcohol abuse. Results proveRead MoreAlcoholism Is The Addiction Of Alcoholic Liquor Or The Mental Illness1012 Words   |  5 PagesWhat is alcoholism? It is the addiction of the consumption of alcoholic liquor or the mental illness, as well as mental behavior, resulting from alcohol dependency. As you take your first sip, alcohol enters your bloodstream. According to the 2015 National Survey on Drug Use and Health, 15.1 million adu lts ages eighteen and older had alcohol use disorder. Also according to the 2015 National Survey on Drug Use and Health, an estimated 623,000 adolescents ages between twelve and seventeen had alcoholRead MoreThe United States For Addiction Of Alcohol1057 Words   |  5 PagesTeddy Bartholomew English 3 Mr. Greenblatt p.4 12/14/15 Research Question: Do we have enough opportunity for treatment in the United States for addiction of Alcohol? The addiction of alcohol is one of the biggest underlying problems in the United States of America. It is legally allowed that a person over 21 can consume alcoholic beverages. On the other hand, the government provides no rehabilitation for those who become addicted to this substance and abuse it. In order to get help it costs aRead MoreThe Problem Of Alcoholism And Alcoholism1539 Words   |  7 PagesAlcoholism proves to be a leading cause of brain damage and body malfunction all across America, ultimately endangering your life and the ones around you, but overcoming alcoholism seems to be a harder obstacle to overcome because this addictive drug imprints denial on your brain and makes you think you can stop drinking whenever you want. Denial is one of the hardest hurdles to jump over to getting help for alcoholism and abuse. The desire to drink is so strong that the mind finds ways to rationalizeRead More alcohol Essay examples805 Words   |  4 Pages Alcoholism, chronic and u sually progressive illness involving the excessive inappropriate ingestion of ethyl alcohol, whether in the form of familiar alcoholic beverages or as a constituent of other substances. Alcoholism is thought to arise from a combination of a wide range of physiological, psychological, social, and genetic factors. It is characterized by an emotional and often physical dependence on alcohol, and it frequently leads to brain damage or early death. Some 10 percent of the adultRead MoreTeenage Alcoholism1078 Words   |  5 Pages1. According to statistics on alcoholism and alcohol abuse statistics, even though alcohol has been used in a number of diverse ways. a. Throughout history these ways can be called useful, however, known thousands of years ago that abusive and excessive drinking led to negative outcomes and adverse alcohol side effects. b. The symptoms associated with this are mostly societal and personal problems. 2. Research studies have shown that teenage alcoholism is correlated to the age at which teens The Effects Of Alcoholism On The United States Essay Usually, the symptoms of a cold consist of a runny nose, sneezing, congestion, or a fever. So, if people have one or more of these symptoms they fall under the category of sick. Today, alcoholism is viewed in much the same way colds are viewed. Either people are sick or they are not. They are an alcoholic or they are not. An alcoholic is commonly defined as someone that heavily consumes alcohol, or even relies on it. In other words, an alcoholic is an addict. Like how people with colds are labeled as sick, people addicted to alcohol are labeled alcoholics. But, while it often does not make too much of a difference if people have a runny nose or a sore throat when they are sick, whether someone is a moderate addict or a hardcore addict might. â€Å"An estimated 17 million Americans have an alcohol-use disorder; nearly 4 million have a dependence, and yet only 1 million are in treatment†¦ ‘Excessive alcohol use is the fourth leading preventable cause of death in the United States,’† yet only a small fraction of people with an alcohol-use disorder seek help (Andrey-Smith). Because alcoholism is viewed in the same way as the cold, one would assume that they would also be treated the same way—most people can do nothing and they will recover on their own. However, alcoholism and the cold are two entirely separate things, so naturally they should be treated like they are, too. Alcoholism is not some simple issue where there exists one or two definite answers. Everybody has their ownShow MoreRelatedThe Effects Of Alcoholism On The United States1383 Words   |  6 Pages Ariel Herrera Alcoholism in the United States Alcoholism has been a societal issue that does not discriminate in terms of boarders. Although it is an international problem, this paper will focus on its implications in the United States of America. Alcoholism is defined as an obsession or addiction to the intake of alcoholic liquor or the mental illness and behavior resulting from alcohol reliance (Adewale and Ifudu 2014). This paper analysis the demographic differences in alcohol engagementRead MoreThe Effects Of Alcoholism On The United States Essay1195 Words   |  5 Pagesnight he drunk him self-asleep. He was so adamant about telling his story because if it wasn’t for the hospital staff he would have lost his life. Alcoholism is an addiction to the consumption of alcoholic liquor or the mental illness and compulsive behavior resulting from alcohol dependency. alcohol is the main common substance abuse in the united states. The reported show over 16.3 million adults over 18 years older had a least try alcohol in the l ife time. 71 percent reported that they drank inRead MoreSoc 203 social problems1286 Words   |  6 Pagesï » ¿ Alcoholism: A Social Problem I. Introduction Alcoholism is a major social problem that not only has an impact on the life of an alcoholic, but family members as well as society. Alcoholism is the third most common mental illness that affects more than 17 million people in the United States according to the National Institute of Alcohol Abuse. Alcoholism does not discriminate against age, race nor gender. II. Scope Alcoholism is defined as a disorderRead MoreAlcoholism: Symptoms, Causes, and Effects Essay981 Words   |  4 PagesAlcoholism: Symptoms, Causes, and Effects Composition I April 1, 1997 Alcoholism is a disease that affects many people in the United States today. It not only affects the alcoholic, but also their family, friends, co- workers, and eventually total strangers. The symptoms are many, as are the causes and the effects. Alcoholism is defined as a pattern of drinking in which harmful consequences result for the drinker, yet, they continue to drink. There are two types of drinkers. The first typeRead MoreAlcohol Dependence927 Words   |  4 PagesAlcohol is the most commonly used and highly abused drug in the world. In the United States alone, 17.6 million people suffer from alcohol dependence, or better known as alcoholism. Alcoholism is a chronic, progressive disease marked by a growing compulsion to drink and impaired control over drinking that eventually interfere with health and social behavior. It is an addiction that effects more people than just the alcoholic. Over 100,000 Americans die as a result of alcohol abuse. Results proveRead MoreAlcoholism Is The Addiction Of Alcoholic Liquor Or The Mental Illness1012 Words   |  5 PagesWhat is alcoholism? It is the addiction of the consumption of alcoholic liquor or the mental illness, as well as mental behavior, resulting from alcohol dependency. As you take your first sip, alcohol enters your bloodstream. According to the 2015 National Survey on Drug Use and Health, 15.1 million adu lts ages eighteen and older had alcohol use disorder. Also according to the 2015 National Survey on Drug Use and Health, an estimated 623,000 adolescents ages between twelve and seventeen had alcoholRead MoreThe United States For Addiction Of Alcohol1057 Words   |  5 PagesTeddy Bartholomew English 3 Mr. Greenblatt p.4 12/14/15 Research Question: Do we have enough opportunity for treatment in the United States for addiction of Alcohol? The addiction of alcohol is one of the biggest underlying problems in the United States of America. It is legally allowed that a person over 21 can consume alcoholic beverages. On the other hand, the government provides no rehabilitation for those who become addicted to this substance and abuse it. In order to get help it costs aRead MoreThe Problem Of Alcoholism And Alcoholism1539 Words   |  7 PagesAlcoholism proves to be a leading cause of brain damage and body malfunction all across America, ultimately endangering your life and the ones around you, but overcoming alcoholism seems to be a harder obstacle to overcome because this addictive drug imprints denial on your brain and makes you think you can stop drinking whenever you want. Denial is one of the hardest hurdles to jump over to getting help for alcoholism and abuse. The desire to drink is so strong that the mind finds ways to rationalizeRead More alcohol Essay examples805 Words   |  4 Pages Alcoholism, chronic and u sually progressive illness involving the excessive inappropriate ingestion of ethyl alcohol, whether in the form of familiar alcoholic beverages or as a constituent of other substances. Alcoholism is thought to arise from a combination of a wide range of physiological, psychological, social, and genetic factors. It is characterized by an emotional and often physical dependence on alcohol, and it frequently leads to brain damage or early death. Some 10 percent of the adultRead MoreTeenage Alcoholism1078 Words   |  5 Pages1. According to statistics on alcoholism and alcohol abuse statistics, even though alcohol has been used in a number of diverse ways. a. Throughout history these ways can be called useful, however, known thousands of years ago that abusive and excessive drinking led to negative outcomes and adverse alcohol side effects. b. The symptoms associated with this are mostly societal and personal problems. 2. Research studies have shown that teenage alcoholism is correlated to the age at which teens

Market Entry Strategies Free Essays

Introduction Market entry strategies refer to modes of accessing a share of clients en masse in a new environment. This paper will give an overview of different market entry options available and their extent of applicability in the Abu Dhabi National Hotels Company’s effort to enter the US market. It will also evaluate Abu Dhabi National Hotels Company by considering indirect market entry options in entering the US market. We will write a custom essay sample on Market Entry Strategies or any similar topic only for you Order Now Market entry strategies Market entry strategies can be divided into two broad categories: indirect and direct market. In choosing either of these, one should have analyzed the company in context using various analytical tools. The analysis should focus on the companies’ strengths, weaknesses, opportunities available and threats that the company might be experiencing. It also involves accessing balancing of costs, control and risks. A company should be determined to operate internationally before choosing a market entry strategy. It should also be convinced also understand that she is about to undertake a long term inflexible commitment whose withdraw would be costly. The results that these will deliver will determine, in the case of Abu Dhabi National Hotels Company, the best entry strategy (Jalan, 2004:234). Direct entry strategy. Exporting There are various modes of direct market entry. In the case, of Abu Dhabi Company exporting is not an option since it is a service delivery company. Besides, this strategy would result in reduced control and higher risks in investment. In addition, Abu Dhabi National has a higher asset base, therefore, can engage in a promising investment strategy (Jalan, 2004:234). Licensing and Franchising Licensing and franchising can be a viable alternative if the Company wishes to have minimal financial and control commitments. In licensing, Abu Dhabi National Hotels will purchase trading rights from a potential partner in the US. This means it may not retain its current trademarks and other intellectual property- it will outsource from the licenser. Licensing is whereby a local company grants a foreign company the right to use its intellectual property. In licensing, the Abu Dhabi Company will incur costs of purchase of third party rights of which it will operate under. Franchising is whereby; the Franchiser (parent company) grants a foreign company (franchisee) the right to do business in a prescribed way. In cases where a country restricts importation, licensing would be viable means of penetrating such a market for foreign investors (Jalan, 2004:235,236). Contract Manufacturing In search for a means to foreign markets, contract manufacturing may also be an alternative. In this strategy, a company operating multinational business will contract foreign companies to produce such goods while it retains the duty of marketing them. This would be unlikely option for Abu Dhabi National Hotels since it is a service based company (Jalan, 2004:235).. Management Contracting In Management contracting, the international firm supplies management knowledge for another in the foreign country. The technical advisory firm may not be stakeholder of the said company. Its role is to manage without the risk of loss and benefit ownership. This would be beneficial entry tool for the Abu Dhabi because the local knowledge adaptable to the new environment there can be outsources locally (Jalan, 2004:235). Indirect market entry strategy Indirect Exporting In indirect market entry, indirect exporting is one of the alternatives. In this method, a company manufactures its goods and allows other companies to export these goods to foreign countries. The main concern here is since expertise is necessary in penetrating the new market a hired firm will do it in precision to promote its client. The firms sought after in this strategy are those with longtime the experience. This method also involves the lowest risk factor for companies with no foreign experience like in this case of Abu Dhabi National Hotels (Giligan1986:101, Zisa, 2008:12). Direct Exporting This mode of accessing the foreign market involves high costs in transporting and marketing. The firm here manufactures goods in one country and then incurs the cost of marketing them abroad. This may take place through sales by foreign distributors, sales agents, overseas sales subsidiaries (Chee and Harris 1998:294). Strategic Alliance Another alternative would turn out to be strategic alliance. In this strategy, the company would form an alliance with its potential competitors in the working environment. Conclusion The US is one of the world’s economic towers. Abu Dhabi National Hotel Company rationale can be justified by the fact that there is a potential market in America. The state also enjoys stable politics although currently there are uncertainties linked to the politics of this world military superpower. That is why franchising or licensing would be a likely method for the Abu Dhabi Hotel Company. Besides, strategic alliance and creation of mergers would cushion the Hotel Company from uncertainties in the foreign market. By fact, market entry strategies have a profound effect on how a firm may access a given market in the globe. They also influence the profits made and the risks that may turn out to threats in the future. Making such a concrete decision requires evaluation of the company’s current strengths, asset base, bargaining power and foreign business policies. With these at hand, a firm can make such a longtime commitment in the foreign market once the marketer has arrived at an appropriate entry strategy. (Gillespie et al, 2011:247,248) References Andexer Thomas (2008) Analysis and Evaluation of Market Entry Modes Into the Asia-Pacific Region. Norderstedt, GRIN Verlag Chee Harold, Harris Rod (1998), Global Marketing Strategy. London. Pitman Publishers Gillespie Kate, Jeannet Jean-Pierre, Hennessey H. David (2011) Global Marketing. Mason OH. Cengage Learning. Gilligan Colin, Martin Hird, (1986) International Marketing: Strategy and Management Kent-Great Britain Mackays of Chatham Ltd. Jalan P. K. (2004) Industrial Sector Reforms In Globalization Era. New Delhi, Prabhat Kumar Sarma Tielmann Viktor (2010) Market Entry Strategies: International Marketing Management Norderstedt, GRIN Verlag Yoshino Michael Y. and Rangan Srinivasa U. (1995). Strategic Alliances: An Entrepreneurial Approach to Globalization Harvard, Harvard University Press Zisa Letizia (2010) Positioning and Opportunity Assessment Report with Main Focus on Germany, China USA, New Zealand. Norderstedt, GRIN Verlag. How to cite Market Entry Strategies, Essay examples Market Entry Strategies Free Essays Companies have a wide range of possibilities for market entry strategies; however, they need to choose the right one for each market, bearing in mind the particular circumstances (Johnston 1998:101). When making marketing decisions, the service exporter should keep in mind some universal characteristics of services that set them apart from goods: intangibility, degree of inseparability, human intensiveness, propriety knowledge, perishability, and heterogeneity (Reif 1997:19). Depending on the service, one particular quality may be more applicable than the others. We will write a custom essay sample on Market Entry Strategies or any similar topic only for you Order Now The combination of services’ intangible characteristics, along with other qualities, expand both the possibilities and obstacles for international market entry strategies of service providers, and any market entry strategy must be accompanied by a clear understanding of what delineates the difference between a service and a goods export (Reif 1997:20). There are several proven market entry methods and channels that a service exporter can utilize without the resource commitment necessary for foreign direct investment. Every service provider must decide which method of market entry will provide the greatest chance of market penetration. According to Reif, a service firm’s success will depend on four factors such as alliances with local companies, the ability to protect intellectual property, advertising, and marketing strategies and access to financial resources. Also, what marketing venue the firm decides to take will ultimately depend upon its internal capacity and creativity drive, and tenacity of its overseas partners. Market entry methods consist of all the possible alternatives to developing a business presence in a foreign market. Three major market entry strategies available for the service provider are exporting, contractual agreements and foreign direct investment (Reif 1997:21). A business deciding to offer its product outside its domestic home market has various entry strategy options such as: exporting the product already produced for the home market; licensing the product idea or production supplies to a third party who operates across national boundaries or in overseas markets; franchising arrangements – such as McDonald’s outlets in many countries; joint venture between a domestic company and a foreign company or government, or strategic alliance to form partnerships across national boundaries; the use of trading companies, that provide links between buyers and sellers in different countries; or foreign direct investment – possibly including the acquisition of an established business – which is long term commitment to a non-domestic market and is resource-demanding (Dibbs 2004:220). The degree of commitment begins, as it were, with direct selling overseas (exporting), and ends with a complex business investment in foreign markets such as a production facility or international joint venture (Copper 1998: 322). According to Copper, firms will engage heavily in international business operations tend not to make distinction between home and overseas business, just like for example, Zeneca, the major UK pharmaceuticals producer, which makes this a plank of its mission statement. Regardless of a firm’s market entry decision, the particular strategy that drives a services firm must correspond with the legal framework for business that exist in a targeted country, and the requirements concerning the scope of practice and legal structure of business should be carefully examined (Reif 1997:21). Choice of market entry depends greatly on variable factors such as current regulatory policy and the extent of domestic competition. Relationships are going to become increasingly international with inter-firm cooperation spanning a multiplicity of cultures, languages, and outlooks, thus, the international marketing in the future will almost need more competencies in communication and relationship management than even in the immediate past. List of References Cooper, C. L., Argyris, C.   (1998). The Concise Blackwell Encyclopedia of Management. New York: Blackwell Publishing. Dibb, S., Simkin, L. (2004). Marketing Briefs: A Revision and Study Guide. New York: Butterworth-Heinemann. Johnston, S., Beaton, H.   (1998). Foundations of International Marketing. London: Thomson Learning EMEA. Reif, J., Ditterich, K. M., Larsen, M. G., Ostrea, R. A.   (1997). Services–the Export of the 21st Century: A Guidebook for US Service Exporters. New York: World Trade Press. Stone, M. A., McCall, J. B.   (2004). International Strategic Marketing: A European Perspective. New York: Routledge.          How to cite Market Entry Strategies, Essay examples

Shark Conservation Essay Example For Students

Shark Conservation Essay Arising over 350 million years ago, the shark species has been labeled as a human devourer. Now, with the increase in human population, the demand for shark meat, fins, and cartilage are at an all time high; therefore, the existence of the shark is becoming a concern (Budker 1971). Individuals are conditioned to think of sharks as a negative aspect to the environment, which is prolonging the effort to save shark species from becoming extinct. With that in mind, some private as well as national organizations have accepted the challenge of educating and informing people about the existence of the shark specie and its importance to the sea. Portrayed as the beast of the sea, the shark species is a cold blooded animal that shows great diversity in size. The largest of the sharks measure up to 13.7 m, while the smallest of the species range from 22-to-25 cm (Ellis 1976). Typically, these creatures of the sea have a fusiform body, that is composed of cartilage, which is capable of reducing drag and the amount of energy needed to swim (Ellis 1976). Their countershade coloration allows the species to blend in with both the dark depths and the light surfaces of the sea (Ellis 1976). These beautiful dwellers of the sea also possess rigid fins that are supported by cartilaginous rods. All together the shark has five different types of fins: the paired pectoral fins, are used to lift the shark as it swims, the paired pelvic fins stabilize the shark, the one or two dorsal fins also stabilize the shark, a single anal fin provides stability in species where it is present, however not all sharks have the anal fin, and the caudal fin which propels the shark (Lineaweaver and Backus 1970). The sharks head structure consist of lateral eyes, a ventral external nose, and a mouth that is ventrally located at the tip of the snout. Some species possess an eyelid like structure called a nictitating membrane, which helps in protecting the eye from being injured when prey are thrashing around, and a nasal barber, which are sensory projections near the nasal (Lineaweaver and Backus 1970). In the mouth, teeth are modified, enlarged placoid scales. Having numerous rows of teeth attached at their bases by connective tissue, sharks have rows of replacement teeth that are continually developed behind the outer row. As the functional teeth fall out, the replacement teeth will take their place, and in some species as many as 30,000 teeth are replaced within a lifetime (Lineaweaver Backus 1970). Shark mating rituals vary from the size of the shark and its specie. In smaller, more flexible species, the male coils around the female, while the male of the larger specie orients himself parallel and head-to-head with the female (Woums Demski 1993). Some species mating rituals also consists of males biting females on the pectoral fins or the middle of the back to hold on to them (Woums Demski 1993). The female will often bear scars or marks, after the ordeal. Due to the fact that sharks are cold blooded animals, there is no precise gestation time. The development of the embryo will depend solely on the temperature of the water, however, the gestation period can last anywhere from 2 months to 2 years (Woums Demski 1993). Within shark species there are two methods of reproduction. In some cases a female shark will lay eggs in a coastal nursery where the presence of other sharks are absent. And in other cases, usually in the larger sharks, females give birth to live offspring (Wourms Demski 1993). In which case the young are born fully developed, and once they are born they shoot away fast or they risk being eaten. Adapted for a wide range of aquatic habitats, various shark species inhabit shallow coastal habitats, deep-water ocean floor habitats, and the open ocean. With a wide selection to feed off of, as a whole the shark species feed on just about everything. Their diet consists of fish, crustaceans, molluscs, marine mammals, and other sharks. .uc3b56e266965c06a82a4df0b59788942 , .uc3b56e266965c06a82a4df0b59788942 .postImageUrl , .uc3b56e266965c06a82a4df0b59788942 .centered-text-area { min-height: 80px; position: relative; } .uc3b56e266965c06a82a4df0b59788942 , .uc3b56e266965c06a82a4df0b59788942:hover , .uc3b56e266965c06a82a4df0b59788942:visited , .uc3b56e266965c06a82a4df0b59788942:active { border:0!important; } .uc3b56e266965c06a82a4df0b59788942 .clearfix:after { content: ""; display: table; clear: both; } .uc3b56e266965c06a82a4df0b59788942 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc3b56e266965c06a82a4df0b59788942:active , .uc3b56e266965c06a82a4df0b59788942:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc3b56e266965c06a82a4df0b59788942 .centered-text-area { width: 100%; position: relative ; } .uc3b56e266965c06a82a4df0b59788942 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc3b56e266965c06a82a4df0b59788942 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc3b56e266965c06a82a4df0b59788942 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc3b56e266965c06a82a4df0b59788942:hover .ctaButton { background-color: #34495E!important; } .uc3b56e266965c06a82a4df0b59788942 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc3b56e266965c06a82a4df0b59788942 .uc3b56e266965c06a82a4df0b59788942-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc3b56e266965c06a82a4df0b59788942:after { content: ""; display: block; clear: both; } READ: Michael Jackson: The King Of Pop Essay When preying for their daily bread, the shark will seek out the weak, ill, injured or dying prey because it is .

International Market Campaign for Global Marketing- myassignmenthelp

Question: Discuss about theInternational Market Campaign for Global Marketing. Answer: Introduction Global marketing is one of the subjects that have gotten a lot of concern from both the business scholars as well as researchers. Marketing managers serve crucial roles as far as international marketing is concerned as they have to do prior research on the market patterns and other variables. Marketing a product of a particular company to other countries in the international market must always be accompanied by research on variables that may affect the global marketing campaign of that product to the proposed country. As a result, therefore, marketing managers are charged with the duty to ensure that such information is collected and availed to the company so that informed decisions can be made. The purpose of this study is to give a report concerning the marketing of Australian Ugg Boots in China as the hired marketing manager of the company by its CEO. This report will discuss the variables that may affect the international marketing of the Australian Ugg Boots. These variables are economic, political, social, financial and technological. The report will give a brief overview and background of the product as well as the selected country and then discuss how these variables may affect the sale of this product in that given country. Background information on the product Ugg boots are both sex boots originating from Australia that is made up of sheepskins by the Australian Ugg Boots Pty Company. Initially, the retailers of these boots sourced them from different manufacturers and sold them to customers directly. However, after some time the suppliers began reducing selections as well as selling the products abroad something that negatively affected the sellers(Kumar, 2017). The move left the sellers with no choice other than accepting any quality because there was no variety to choose. However, these sellers felt that it was time to reclaim their quality and innovation in their industry and therefore decided to own theirs without looking back or quitting the business. This company selects components that are of the highest quality including quality threads, natural sheepskins as well as hard wearing soles. Background of China The peoples republic of China famously known as just China is located in East Asia and it covers 960, 0000 square kilometers. Its capital city is Beijing, and the largest city is Shanghai. It is the most populous country in the world with a population of 1.404 billion people(Joshi, 2016). China is associated with the origin of many elements related to the modern world such as the compass, gunpowder, credit banking, paper, and money. Currently, China is undergoing the second industrial revolution after the abandonment of the rigid communist rule. It now has the worlds fastest growing economy and has set a space exploration programme with the intentions of setting up a station in space by the year 2020. Factors that may affect the international marketing campaign of the product As mentioned earlier in this report, taking a product into the international market is usually challenging and affected by some variables. These variables that may affect the international marketing campaign of Australian Ugg Boots in China are discussed below: Economic and financial variables Economic factors affect the launch of any product to a new country in some ways. The ability of the citizens of China to buy the Australian Ugg Boots will depend on the economic status of China. Currently, the per capita income of a whole household in China is estimated to be 711.35 USD(Al-Dmour, 2015). This fact means that the financial stability of many of its citizens is low. Again, most of the people living in the rural areas are not economically stable. As a result, this fact might adversely affect the international marketing campaign of these boots in China. Therefore, people may opt to spend the littlies amount of income they get on basic needs. The class or social status of most of the population will also affect the sale of this product. However, since these boots are considered as footwear for any social class, this aspect would not have much impact on the success of the international marketing campaign. Another economic factor is payment method(Ahmed, 2014). Considering China, debit and credit cards, travelers' cheques, as well as other online payment options, are some of the payment methods used. This fact implies that the sale of this product will not be barred by lack of appropriate payment methods Political factors Political factors significantly affect international marketing. Some countries have strict trading policies and bureaucracies towards foreign investment, something that scares away foreign investors. China is one of the nations that values international trade(Jahanmir, 2017). On the same note, it has a free trade agreement with Australia and something that will positively affect the sale of this product in China(Awan, 2014). In cases where a government restricts free trade or has unfavorable trade policies like Thailand, it becomes difficult for foreign companies to sell their products there. In most cases, some countries come up with strict trading policies with the intention of protecting the domestic companies from unfair competition as well as guarding the countrys balance of payment. However, this has not been the case in China(Galan Ladero, 2015). Research shows that Chinas economy is rapidly growing even without trade restrictions. Absence trade restrictions will positively impact the idea of the sale of the Australian Ugg Boots in the country. Socio-cultural variables The social behavior and culture of a country affect international trade so much. Research has to be done to reveal whether the consumption of the product intended for sale in that country conforms to the culture and the patterns of life of the country in question(Dunning, 2016). Marketing managers who do not do prior research on the culture and social norms of the country targeted may fail the company when supplies start flowing into a country without purchases. The language problem is one of the critical factors affecting international trade. Depending on the dialect of different countries, different words mean different things(Vahlne, 2017). For instance, the first time coca cola was introduced into China it was translated as female horse stuffed with wax. This wrong interpretation will always bring a negative impact to the sale of the products in that given country(Elias, 2014). It has to be appreciated that the widely spoken language in China is Chinese and therefore any adverts concerning the products will do better if they are translated into that language so that all the people can completely understand the product. Country's taste and preference also dramatically affect international trade. For instance, some countries like India have a negative perception of the consumption of meat. However the people of China do not have superstitions or negative cultures concerning wearing of boots, two things should be considered. Firstly, most people in China love either open shoes or closed shoes that do not cover most of their leg(Ainin, 2015). That means that these specifications have to be met. Secondly, the people in China have considerably small feet as compared to people from other parts of the world. Therefore, the boots must be designed in a way that they suit the China market. Consumer habits also affect international trade. A marketing manager has to research whether decision making in the country is individual or peer-influence. That will dictate to whom the product will be directed. It will also suggest the importance of the use of opinion leaders to successfully introduce the product(Tadasse, 2015). Luckily, in China decision making is individual and thus people can make a personal decision on whether to buy the product or not based on their judgements. Technological factors Technological factors have a significant influence on international marketing. Advancement in modern technology and virtual connectivity has enabled companies to develop robust supply chains that have eased the distribution of products globally(Yule, 2016). New technologies have increased productivity and lowered the cost of production so that more products are produced at a reduced cost. It has also led to time-saving in manufacturing where the items generated per unit time increase. China is one of the countries that are experiencing industrial growth and advancement in modern technologies in production and distribution as well as supply chains and logistics. Having this information, Australian Ugg Pty has a reason to smile because of the assurance that the recent advancement in technology will positively affect the international marketing campaign of their product in China. Conclusion Many factors affect the international marketing campaign of a product to a new country. Wise is the marketing manager who conducts prior research to know how some of these factors may affect the whole process of launching the product. While a product may be having a significant public command in the host country, it should be appreciated that different countries have different cultures, tastes, preferences, and policies that differ to those of any other country. This fact justifies the importance of market analysis before joining the global market. References Ahmed, S. (2014). International financial spillovers to emerging market economies: How vital are economic fundamentals? Journal of International Money and Finance, 3 (8), 62-87. Ainin, S. (2015). Factors influencing the use of social media by SMEs and its performance outcomes. Industrial Management Data Systems , 5 (9), 43-45. Al-Dmour, H. (2015). Factors affecting the effectiveness of cause-related marketing campaign: moderating effect of sponsor-cause congruence. International Journal of Marketing Studies, 4 (6), 43-65. Awan, H. (2014). Factors affecting Halal purchase intentionevidence from Pakistans Halal food sector. Management Research Review, 3 (7), 65-78. Dunning, J. (2016). Reappraising the eclectic paradigm in an age of alliance capitalism. In The Eclectic Paradigm, 8 (6), 54-87. Elias, A. (2014). Farmers satisfaction with agricultural extension service and its influencing factors: A case study in North West Ethiopia. Journal of Agricultural Science and Technology, 4 (9), 77-90. Galan Ladero, M. (2015). Understanding factors influencing consumer attitudes toward cause?related marketing. International Journal of Nonprofit and Voluntary Sector Marketing, 37 (6), 46-98. Jahanmir, S. (2017). Factors affecting late adoption of digital innovations. Journal of Business Research, 2 (9), 32-54. Joshi, Y. (2016). Factors affecting green purchase behavior and future research directions. International Strategic Management Review, 3 (7), 56-76. Kumar, P. (2017). Factors affecting consumers green product purchase decisions. Marketing Intelligence Planning, 4 (8), 54-65. Tadasse, G. (2015). Drivers and triggers of international food price spikes and volatility. In Food Price Volatility and Its Implications for Food Security and Policy. Springer, 45 (5), 44-56. Vahlne, J. (2017). The internationalization process of the firma model of knowledge development and increasing foreign market commitments. In International Business, 5 (3), 54-76. Yule, E. (2016). A study of dynamic peak force and center of pressure (cop) displacement, in subjects with first metatarsal pain. In 7th Symposium on Footwear Biomechanics, International Research Society of Biomechanics, Cleveland, USA, 3 (6), 45-67.