Consumer' Income Coursework Example | Topics and Well Written Essays - 1000 words

Consumer' Income - Coursework Example When the price of the orange is $30, consumers are willing and able to buy 30,000 oranges. As the price of the orange decrease to $10 the quantity demanded increases to 60,000 oranges which are due to the fact that more consumers will be willing to buy that orange. For a linear curve decrease in price is directly proportional to increase in quantity demanded. 7. List the determinants of demand. (6 total)   The determinants of demand curve are as follows: a) The consumer’s income b) The price of related goods c) Advertisement d) Consumer price expectation e) Number of consumers in the market f) Taste and preference of consumers 8. Next to each determinant in your list give a real world example of it.   Along a demand curve the factors, other than price of the good, are held constant. When these factors change the demand curve shifts either outwards or inwards which means that either more or less is demanded at a certain price. An explanation of these factors is given below: 1- The consumer’s income: the effect that income has on the amount of a product that consumers are willing and able to buy depends on the type of good. For most goods, there is positive (direct) relationship between a consumer’s income and the amount of the good that one is willing to buy (Campbell R. McConnell, 2007). The demand for a product will shift outward when the consumer’s income rises. We call these types of goods as normal goods. For example, the demand for branded clothes increases with the income level. However; for some goods the relationship is opposite between income and your demand for a product. These goods are called inferior goods. There demand decreases as income increases. For example, income level increase will cut the demand for second hand cars. 2- The price of related goods: A common example could be of bagels and cream cheese. We call these types of goods complements. If the price of a bagel goes up, the law of demand tells us that on e will buy fewer bagels. Moreover, as use of cream cheese is complimentary to bagels, the demand for cream cheese will also fall. When two goods are complementary, there is an inverse relationship between the price of one good and the demand for the other good. On the other hand, some goods are considered to be substitutes for one another. This means that they can be used as an alternate to each other. Either of them would be deferred for the other. For example, Coke and Pepsi are used as substitutes for each other. If price of Coke increase, the demand for Pepsi will increase and if the price of Coke decreases the demand of Pepsi will decrease. This portrays a positive relationship between the price of one good and the demand for the other good. 3- The tastes and preference of consumers: It is a less tangible item that can have a big impact on demand. There are certain things that can change one’s taste or preferences which ultimately causes people to buy more or less of a p roduct. For instance, a person may have a higher demand for an umbrella on a rainy day than on a sunny day. Another example of it would be endorsements by celebrities. If a celebrity endorses a new product, this may increase the demand for a product. This will change the preference of a consumer and will result in an increase in demand. On the other hand, if a new health study comes out indicating that meat is bad for your health, this may decrease the demand

How is or isn't Los Angeles a global city What role does Essay

How is or isn't Los Angeles a global city What role does globalization, as discussed by Short, play in Valle & Torres' disc - Essay Example In short, globalization has affected all sectors of LA, including its industry, society and education. Currently Los Angeles is claimed to be the most globalized city in the world. where it lacks in actual numerical population, it makes up for it through its largest non-native population shares. This is the key to the huge impacts that take place globally. Hollywood and everything in between it got hit by globalization. The former historiographer Kevin Starr claims that all sectors in LA impact globally as well. Mike Davis claims that it is the branched income statistical distribution which is the main outcome of globalization. The moving industry picture is a significant aspect of the L.A. economy, which has captured a noticeable part of global control. However, John R. does not consider this as an important fact to declare Los Angeles a global city position, and according to him Northern California has more prominent multimedia graphics impacts. He believes the foreign investment i n L.A. has more attention towards low paid, unskilled labor, and is highly focused on the poor state of L.A schools. Globalization has become a turning point for the educational sector in the LA. So much is the impact that now the educational systems in the LA are utilizing new and cutting edge technology in teaching practices. It has utilized the services of both public and private parties, a system called the active social educations. These initiatives are in fact becoming an inspiration for educational systems of the emerging countries, and how educational systems can be improved in spite of the staleness of the system. In this way, globalization is serving as a new initiative for reforms of the various social, industrial and educational sectors in LA. Many authors believe LA fits the picture of a global city for all its attractions, business and tourism facilities. No doubt, Los Angeles is a globalized city, having all necessary ingredients of being one of the great cities of it s region. Rodolfo analyzes the position of the three biggest metropolises in the United States to explore what consequence the global economy has had on them. He states that each city, apart from being the largest in the region, each was formulated during a different but significant historic economic construction. New York was therefore known as the "mercantile city," Chicago was an "industrial city," and Los Angeles was known as a "post-industrial city". He then analyzes a number of facts highlighting the height of prominence in the frame of global economy. On the broader context, he considered population and pointed at ethnic diversity, air freight, shipping and foreign trade, the height of control exercised by corporate headquarters, the part of producer and corporate services and the presence of transnational investments as contributory to the process of globalization (John 23). He analyzes that all three cities presented a global significance. Having all fundamentals of enough assiduity of global occasions to equally specify as a global city, he guessed that globalization has fostered or highlighted racial bias and discrimination. His findings highlight the importance of various historical events in making globalization a final process of development of a city. He analyzes that both Chicago and Los Angeles are acutely separated spatially along interracial lines, New

Acquisition Strategy Essay Example for Free

Acquisition Strategy Essay In today’s market it is very important for company’s to remain competive in order to maintain an edge over its competitors. The days that a company can rely on its reputation to continue making profits are gone. Today, everyone is looking to save money by buying less expensive items like economy brands, considering that the diffrences between the two products are similar and the features that are not offered are of little value. This will make a consumer buy the less expensive item. Like consumers, companies are also looking to save money and maximize profit. One way of doing this is through acquisition strategies. Combining the operations of two companies is a very good option for companies that are looking to stregnthening the company’s competincies and competitiveness, this will ultimately open new market opportunities (Gamble/Thompson, p. 119). The benefit of this type of strategy, unlike alliances, they do not go far enough for the resources needed and a very important factor, ownership. In the following paragraphs, I will give two examples of two different companies in different industries and explain how they will stregnthen their market position through acquisiton, to include resources and competive capabilities. The first example I will use it Wells Fargo Co. results from the acquisition of Wachovia Corporation. During the economic crisis Wells Fargo Co. acquired Wachovia Corp in a bail out to keep the bank from going under. At one point Wachovia was Wells Fargo’s competitor. After the acquisiton it made Wells Fargo a banking giant absorbing its competion. Earnings from that acquisition have earned Wells Fargo Financial Co. a 21% earnings since the acquistion, reporting record profits. This acquistion has allowed them to gain market share, this was mostly created by winning new customers. Mortgage loans was the top earner and low rates and prices of homes falling to record lows has allowed the company to grow even in these tough economic times. Additionally, the acquisition of Wacovia Corp. moves Wells Fargo as the second largest bank, second only to Bank of America. The strategy has allowed them to acquire a larger share of the financial market. The second company I will discuss is DuPont Nutrition Health and Applied BioSciences acquisition of Danisco Corp. Once a long time partner of DuPont, is a very good and proven company, is a good fit because of their proven market science business and offers clear synergy for them. The acquisition will make them the clear leader in industrial biotechnology with inovations in global challenges in food production and fossil fuel. This effort will position the company ahead of all rivals addressing dramatic growth in human population in the years to come. Danisco is well established company that has research and application capabilities. This will create a more cost efficient operation of the combined companies. The applications do not need to be duplicated, meaning their buying power will increase, administrative functions do not need to be replicated, and will further create more cost savings by downsizing. This acquisition will also allow them to enter new product categories, for example 65% of Danisco’s revenue comes from specialty foods, product substitution items such as sweetners and enablers. This will allow them to enter renewable materials and addressing food needs. In conclusion, I have discussed Wells Fargo Co. , and how their acquisition of Wachovia Corp has allowed the company to gain a larger geographic coverage has helped it create a more cost efficient operation by allowing to cut overhead costs by elliminating duplicate processes. Second, DuPont Nutrition Health and Applied BioSciences acquisition of Danisco Corporation has allowed DuPont has made them the clear leader in industrial biotechnology with inovations in global challenges in food production and fossil fuel.

Motivation and Conflict Management Essay -- Workplace

Motivation and Conflict Management Organizations strive for creative ways to enhance employee motivation and resolve conflicts with the desire to have employees perform better within the workplace. To motivate one has to be motivated. Motivation within the workplace has to be constant and requiring a goal. Motivation, if not repeated will not last. Therefore, learning to determine how different organizations apply motivation theories to motivate employees, analyzing conflict management strategies and what approaches work best in different organizations will influence the success of an organization. Motivation Theories and Organizational Behavior Motivation is the concept of stimulating or arousing a person to achieve a goal. Motivation has much to do with desire and ambition, and if they are absent, motivation is absent too (What is Motivation and How to Strengthen It, para. 1). Motivation theories are unique to each organization. Some organizations have come up with motivation theories such as setting work goals, job performance evaluations, and fair treatment policies within the work environment to keep employees motivated. The impact that individuals, groups and structures have on behavior within organizations is Organizational Behavior. Motivation is affected by organizational behaviors, which is why different organizations apply motivation theories to motivate employees. Applying Motivation Theories to Motivate Employees Keeping workers motivated in today workplace can be not just a job, but also an adventure. In many organizations this is a challenge because the workplace is made up of a diverse cultural environment. Managers are still the driving force for any business and the responsibility and demand to ac... ...ional behavior. Team B was able to discuss and analyze different conflict strategies used in the workplace. The research educates Team B to how organizations implement various theories and strategies in accordance with their work environments. Works Cited Lewis, Clive (2007) Human resource management international digest. Bradford: 2007. Vol 15, Iss.4: pg. 3. Sasson, R. (2001-2010). SuccessConsciousness.com. Retrieved from http://www.successconsciousness.com/strengthen_motivation.htm Swinton, Lyndsay (2006). Workplace Conflict Management: Strategy for Successful Resolution. Retrieved November 14, 2010 from http://www.mftrou.com/workplace-conflict-management-strategy.html John R. Schermerhorn, James G. Hunt, Richard N. Osborn (2008). Organizational Behavior 10th ED. Retrieved November 12, 2010 from Academic Search Motivation and Conflict Management Essay -- Workplace Motivation and Conflict Management Organizations strive for creative ways to enhance employee motivation and resolve conflicts with the desire to have employees perform better within the workplace. To motivate one has to be motivated. Motivation within the workplace has to be constant and requiring a goal. Motivation, if not repeated will not last. Therefore, learning to determine how different organizations apply motivation theories to motivate employees, analyzing conflict management strategies and what approaches work best in different organizations will influence the success of an organization. Motivation Theories and Organizational Behavior Motivation is the concept of stimulating or arousing a person to achieve a goal. Motivation has much to do with desire and ambition, and if they are absent, motivation is absent too (What is Motivation and How to Strengthen It, para. 1). Motivation theories are unique to each organization. Some organizations have come up with motivation theories such as setting work goals, job performance evaluations, and fair treatment policies within the work environment to keep employees motivated. The impact that individuals, groups and structures have on behavior within organizations is Organizational Behavior. Motivation is affected by organizational behaviors, which is why different organizations apply motivation theories to motivate employees. Applying Motivation Theories to Motivate Employees Keeping workers motivated in today workplace can be not just a job, but also an adventure. In many organizations this is a challenge because the workplace is made up of a diverse cultural environment. Managers are still the driving force for any business and the responsibility and demand to ac... ...ional behavior. Team B was able to discuss and analyze different conflict strategies used in the workplace. The research educates Team B to how organizations implement various theories and strategies in accordance with their work environments. Works Cited Lewis, Clive (2007) Human resource management international digest. Bradford: 2007. Vol 15, Iss.4: pg. 3. Sasson, R. (2001-2010). SuccessConsciousness.com. Retrieved from http://www.successconsciousness.com/strengthen_motivation.htm Swinton, Lyndsay (2006). Workplace Conflict Management: Strategy for Successful Resolution. Retrieved November 14, 2010 from http://www.mftrou.com/workplace-conflict-management-strategy.html John R. Schermerhorn, James G. Hunt, Richard N. Osborn (2008). Organizational Behavior 10th ED. Retrieved November 12, 2010 from Academic Search

Nhs Database Administrator Criteria and Job Description

? On of the tree jobs I chose to research is as an NHS Database Administration in this page I will explain some of the tasks that a Database Administrator will do and how many files need updating. And why the job role is available and what skills I would need to have to apply for this job. The role of a database administrator is to: Ensure patient medical records are correctly updated Make appointments Check in arriving patients using an internal database system Problem solving skillsTelephone work both internally and externally Administration Support In this job there are a large number of files that need to be updated because they have incorrect information included in them. This problem is solved by the database administrator who investigates the files and resolves any issues that crop up so that the information in these files is completely correct and filed correctly. Part of the reason this job is available is because clients have a back log to get through.Database Management Sy stem and DataI think this job would be good for me because it is a temporary ongoing position that requires the person that gets this job to be flexible in the tasks asked of them. The skills I would need for this job are as follows: Experience working within the NHS. Minimum of 1 year of administration experience. Good IT skills using Microsoft word and excel. I would need to be able to work towards meeting and meet the agreed deadlines. And I would need good communication skills.

1998 Dbq - 1014 Words

During the early 1800s, two parties were developed having different perspectives on government and the Constitution. The Democratic Republicans, led by Thomas Jefferson and James Madison, were always characterized by following the strict construction of the constitution. The Federalists, led by Alexander Hamilton, were characterized by following the broad construction of the constitution. The presidencies of Jefferson and Madison proved this characterization to be somewhat accurate. Although the Democratic Republicans and the Federalists did support their own ideas and views, they also did many things that contradicted them. The Democratic Republicans started out by supporting their ideas fully and confidently. In Jeffersons letter to†¦show more content†¦He recommended a charter of the national bank and a tariff to protect young industries. In Document F, John Randolph implies that Madison has surrendered his republican ideals and is emulating a more federalist point of view when the administration called for the tariff of 1816. In conclusion, Madisons actions did not coincide with the original ideals of the party. The Federalists also were greatly confident in their views of the Constitution and the government. Once again, in Document A, Jefferson states that the views of the Federalists were wrong. By stating this, it simply displays the views of a Federalist. The letter shows that the Federalists had different perspectives and the disagreements the two parties had. During Jeffersons term, John Marshall became the most dominant Federalist figure in the federal government. Under Marshalls domination, the Supreme Court retained a Federalist outlook even after Democratic-Republican justices achieved a majority in 1811. The Court consistently upheld federal supremacy over the states and protected the interests of commerce and capital. Over the years, Marshall significantly increased the Supreme Courts power over the country, demonstrating the idea of a Federalist, the idea of a powerful central government. Just like the Democratic- Republicans, the Federalists also had a hard time with their principles. In the speech byShow MoreRelated1998 Dbq Essay1116 Words   |  5 PagesVirtual vs. Reality 1998 APUSH DBQ Essay-Sam Ingalls-1st Hour Although Republicans and Federalists were characterized as having particular views towards the implementation of the Constitution, the Jefferson and Madison presidencies prove that even though virtually they believe one thing, realistically they could very possibly act another way. 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Analyze the international and domestic challenges the United States faced between 1968 and 1974, and evaluate how President Richard Nixon’s administration responded to them. (Form B) 1. Explain the ways that participation in political campaigns and elections in the United States changed between 1815 and 1840, and analyze forces and events that led to these changes. 2010 DBQ: (Form A) 1. In what ways did ideas and values held by Puritans influence the politicalRead MoreAztec Essay838 Words   |  4 PagesBurstein, Stanley M. and Richard Shek. World History: Medieval to Modern Times. Orlando: Holt, Rinehart and Winston, 2006. Carrasco, David and Scot Sessions. Daily Life of the Aztecs: People of the Sun and Earth. Westport, Connecticut: Greenwood Press, 1998. De Bustamonte, Carlos Maria. A History of the Ancient Mexico. Fisk University Press, 1932. Del Catillo, Bernal Diaz, J.M. Cohen, translator, History of the Conquest of New Spain. Penguin, 1963. Duran, Diego. 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This DBQ asks you to decide who, North or South, was most responsible for the end of Reconstruction Background Essay North or South: Who Killed Reconstruction ...the slave went free; stood a brief moment in the sun; then moved back again toward slaveryRead MoreNorth or South: Reconstruction after the American Civil War Essay1762 Words   |  8 PagesKu Klux Klan attacked government officials and judges who supported Reconstruction and had the power to pass laws that would harm the KKK and their beliefs (Tourgee). The image of Alabama lynching from the Independent Monitor in Document A of the DBQ was drawn to warn Republicans in the South and to threaten Carpetbaggers and Scalawags. The donkey walking away from the Carpetbagger and Scalawag hanging from the tree symbolized the Democratic Party, which meant that they were connected to the Ku

What Make a Text Difficult - 2967 Words

INTRODUCTION Reading is an interactive process which involves many factors like the text, the reader, fluency and strategies. In this process the readers have to combine the information from the text with their background knowledge to comprehend the content of the text. However the text sometimes is above the readers’ level, this makes them difficult to achieve its content. And so comprehension may be broken down. To help learners solve this problem during their learning process, the teacher should be careful in selecting a text so that he can create his learners’ interest to go through the text. As a teacher of English I recognize that one of the factors influencing the reading process is the text itself. Giving students reading†¦show more content†¦Texts that lack logical connectives require students to infer relationships that could have been stated explicitly and inferring relationships may cause problems for some students. Some textbooks, in an attempt to make material more accessible for students, use artificially shortened sentences that are hard to read and do not convey concepts well. Some authors vary sentence length as part of the literacy style. And texts that do not have the sound of real language make students confused. In general, materials that contain a very large percentage of complex sentences are likely to present difficulties for younger and less proficient readers. 3. Length An obvious but sometimes overlooked factor influencing the difficulty of a selection, and the likelihood that a less avid reader will make a real stab at finishing it, is its length. Particularly for students who do not read fluently, length alone can be a very formidable obstacle (Grobe, 1970). In our real life, it is difficult to find a long text that workers read for comprehension. If they do, they only scan it to see if there is anything useful there and then set it aside to read later. Or they may also skim it to look for the information they need, record that information, and then continue routing the document. So the longer text makes students feel bored, too. Students are never interested in reading long texts becauseShow MoreRelatedAnalysis of Millard Meiss ´ Painting in Florence and Siena after the Black Death1276 Words   |  5 Pagesmy Millard Meiss is addressing an area of study that is lacking. This text while informative is difficult to follow and the puts a lot of pressure on the reader to connect the dots. The content of the early renaissance can often be a difficult time in art history to nail down and discuss just because it is on the cusp of the late medieval and the renaissance itself. 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Students may find writing notes in class distracting and a hindrance to learning, students with poor eyesight will find it difficult to read, students withRead MoreOnline Dating : Becoming An Art1611 Words   |  7 PagesBars and clubs have long been the stomping ground of beautiful, socially outstanding individuals. For the remaining population, these places have long been intimidating, awkward, and stuffed full of unsuitable prospects. What would it mean to a lonely person to know that the next big love of their life could be just a few mouse-clicks away? Enter the online dating sites, with its anonymity, lists of potential dates, compatibility indicators, and virtually instant results. A guaranteed sellers marketRead MoreWriting Is A Difficult Process. Not Everyone Can Pick It1022 Words   |  5 PagesWriting is a difficult process. Not everyone can pick it up as easily as others do. There are steps in order to have a good piece of writing. 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