Internet Marketing Essay Example | Topics and Well Written Essays - 250 words - 1

Internet Marketing - Essay Example Customer today has a varying need with some needing more human interaction for customer interaction while others may value price and variety of selection. The gap in customer experience is more likely to be a result of technology bumps. You see, no matter how good and efficient technology is in facilitating transaction and even lowering cost, it cannot replace human interaction. Human interaction is the bedrock of most customer experience where the customer comes face to face with another human being who attends to his or her need as a customer. In a technology base business, it is often assumed that customer has already a working knowledge of what he or she needs or wants because there is little if any human interaction that will be extended to assist him or her in the purchase. This may be inimical to customers who need assistance to what they will buy. Customers who know what to buy and are familiar with the product, will be less affected by the absence of customer experience as long as the product that he or she need is available at a price that is

Production and Cost Relationships Essay Example | Topics and Well Written Essays - 1500 words

Production and Cost Relationships - Essay Example Profit is measured as the difference between the revenue generated deducted with the costs incurred. Thus, in order to maximize profits, the company could either ensure that it is generating the highest revenue possible by increasing price and quantity demanded or minimize the costs that it incurs (Pindyck and Rubinfeld 2005). This paper will focus on the latter. The following chapters will look at the relationship of average cost, marginal cost, and marginal product in the aim of helping a business organization attain its goal of profit maximization. In the course of its operation, a business organization incurs various costs in order to ensure that products are designed, manufactured, and distributed to customers (Cepeda 2005). In order to understand average total cost, it is best to have a comprehension of what comprises the total cost that a business organization faces. In general, the company is faced with two different costs which make up its total cost namely fixed cost and variable cost (Brue and McConnell 2005). Fixed cost, as the name implies is fixed and does not vary with the level of production. An example of fixed cost is the payment for rent of production plant or retailing store. On the other hand, variable costs are those costs which changes when the quantity of production is changed (Cepeda 2005). Examples of these are the cost of materials and labor which are needed in the production of one unit of a product. The sum of the total fixed cost and the total variable cost is the total cost. Dividing the total cost with the number of quantity produced by the business organization will yield the average total cost (Brue and McConnell 2005). Table 1. Numerical Example for Average Total Cost Quantity Total Fixed Cost Total Variable Cost Total Cost Average Total Cost 50 $600 $1250 $1850 $37 100 $600 $2500 $3100 $31 150 $600 $3750 $4350 $29 200 $600 $5000 $5600 $28 250 $600 $6250 $6850 $27.4 300 $600 $7500 $8100 $27 In order to illustrate fixed cost, it is best to come up with a numerical example. Suppose that a company manufactures figurines and incurs fixed cost as follows in a month: $200 for building rent; $300 for administrative expense; and $100 for utilities. On the hand, it incurs the following variable cost per unit: $10 direct material and $15 direct labor. The company's production capacity is 300 units per month. Table 1 shows the company's variable cost and fixed cost at each level of quantity produced. On the other hand, Figure 1 shows the short run average total cost curve. It should be noted that as the quantity produced is increased, ATC declines because of economies of scale, managerial specialization, and use of more efficient labor. Figure 1. ATC Curve in the Short-run However, in the long run, ATC curve will begin to inflect because of the diseconomies of scale as production expands further (Pindyck and Rubinfeld 2005). Thus, the long run ATC curve will tend to slope downward at first and begin to

Youth Unemployment In The United Kingdom Economics Essay

Youth Unemployment In The United Kingdom Economics Essay The UK as a country, are accustomed to living beyond their means. The Great Britain runs a large budget deficit. The money a country cannot raise from taxation needs to be borrowed and especially in UK where people are receiving benefits (e-g Health NHS, Pensions and home support etc) . This is when the Budget Deficit occurs. The Budget Deficit means the amount which Government spending exceeds its income over a particular period of time this is when the economy goes into recession .It is the opposite of budget surplus .Budget surplus is when the governments expenditure is less than the Governments income . The Damaging effects of Budget deficit are Inflation i-e high prices of goods and Unemployment . The budget deficit leads to unemployment i-e the number of people gaining jobs is less than the number of people losing jobs. This occurs when an economy is in a recession . The employers are not willing to take a risk during recession so they dont employ youngsters. Because in a recession there is inflation i-e high prices of goods and services so the sales are not at their peak so they dont employ youth staff because of their expenditure and high prices of goods and services during recession . The unemployment rate in UK now is 7.8 % i-e 2.50 million .The Unemployed people increased by 49,000 over the quarter to reach 2.50 million. Male unemployment reached 1.48 million while female unemployment reached 1.02 million. The unemployment rate of people of age 16-24 increased by 1.0 on the quarter to reach 20.3 %, the highest since 1992.There are several damaging effects of unemployment to economy if the people are jobless than there are less tax payers in the economy .This is not because the person cannot find him/herself a job it can be due to any reason.It could be due to cyclical , strutural , seasonal or strucural unemployment .The Government has to find a way , Because if people are jobless or unemployed then there are less tax payers and thus the improvement in the economy could be marginal.The Government should provide support to the unemployed people and to the companies as well which are struggling at the moment to get them going because if the comppany gain profits t hen they can pay the income tax .CBI (Confederation of buisness industry ) estimates that the unemployment rate in Britain will reach 8.4 percent in 2011 , up from 7.9 % last yearr and that it will remain unchanged in 2012. The budget deficit also leads to inflation which means higher prices of products , the Government can impose high taxes on products and higher income taxes . The Government can reduce inflation in many ways . They can do it by wage control which again might lead to frictional unemployment because mostly the employees are not happy with low wages or salaries . The other way of reducing inflation is monetarism controlling inflation through controlling money supply . But both ways of controlling inflation leads to youth unemployment . Therefore the Government must try for stable low inflation . 0 % inflation is not feasible in an economy because of the Government spending or expenditure .The other policies that can be used to control inflation is by slowing down the growth of aggregate demand or boost the rate of growth of aggregate supply . If the Government continued cutting budget , then unemployment would keep on rising. so they have to borrow a limited amount of money .There should be an availability of funds to small and medium enterprises so that the enterprises employs more youngsters so that the people getting jobs could pay the tax again . They can do this by helping someone in building a firm or an entreprise financially and the Government should also encourage other people to build firms because for some people it is a gamble or a risk , People want to do it but the situations dont let them do it e-g during a recession ,Nobody is willing to take a risk as it will lead to failure . So the Government should encourage them so that they can build a firm and start doing business and the business cannot be run without labour so they would employ young guns so that would decrease youth unemployment. During the recession, When the unemployment is at its peak the enterprises or firms pay low wages. When the enterprise s need employees or staff, and there are many people that need work especially youngsters , than open positions, the enterprises select those persons that request the lowest salaries but when the entreprise is struggling to find new employees then the entreprises offer high new wages to get the employees they need , It means wages and salaries are low during high unemployment . Youth Unemployment can also be decreased by regenerating businesses. Many businesses opt to close after a suffering a great loss in a business or there is less productivity or the employees are not happy with their salaries and wages so businesses then opt to close. But if the Government could help them financially in starting up or regenerating that business again then there is a chance of a decrease in youth Unemployment. Sometimes Fiscal policy can help in reducing youth unemployment .According to Keynesian Fiscal policy means the revenue collected through taxation . By using the fiscal policy the Government can increase the aggregate demand which will result in higher output and which will lead to the creation of many jobs and the youth unemployment can be decreased but that will give birth to another disease i-e inflation which means higher prices of goods and services . The UK Government should increase the exports to other countries i-e sending UK-made products to other countries . It is a very good way of income and unemployment can decrease because of the income the Government might not implement major budget cuts mostly due to which unemployment occurs and there should be a decrease in imports. The interest rates of the banks should be kept low. Making local market competitive abroad by devaluing currency . The Government should encourage overseas investors because they are a boost to the economy by allowing businessmen from other countries to invest in the UK and because of that people are going to get jobs in those firms and moreover the overseas investor brings money to a country which is a good sign for an economy . This is one of the best way to avoid budget deficit in an economy . The Government should also discourage asylum seekers because the Government spends a lot on the asylum seekers. The Government should try to expand their International Market they should discover specialised UK products. Politicians in the G20 nations must ensure that progress is sustained, but in the UK the Government should not flinch from taking additional prudential measures. we have to rethink our approach to the economic consequences of our now rapidly ageing society. have to reshape the structure of public finance, and not limit the debate to this tax or that tax or the scale of efficiency savings. A root and branch restructuring of the tax and benefit system, to include cutting benefits paid to the better-off and anachronistic tax breaks and subsidies that benefit companies, could generate billions of pounds in revenue. To conclude , There are many ways in which a Government can reduce unemployment but it totally depends on the Government i-e which policy to use at what time ?. Firstly they should keep control on their spending and stop the budget deficit from happening

Japan Caught Between US and China :: essays research papers

Japan caught up in U.S.-China spat Japan came under criticism in the fallout of a heated exchange between the United States and China over Taiwan at the Asia Security Conference here. In fact, some participants said Japan-not China-is the country creating the most fears in Asia. The three-day conference, hosted by the London-based International Institute for Strategic Studies, ended Sunday. A key topic of debate was a Japan-U.S. agreement reached in February on common strategic objectives-including how to deal with Taiwan. The joint statement said the objective was to "encourage the peaceful resolution of issues concerning the Taiwan Strait through dialogue." In his speech in Singapore on Saturday, U.S. Defense Secretary Donald Rumsfeld questioned the validity of China's increased military spending when the country faced no threats, as well as its heightened deployment of ballistic missiles aimed at Taiwan. Cui Tiankai, director-general of the Asian Affairs Department at China's Foreign Ministry, retorted by asking Rumsfeld if the United States felt threatened by the stronger presence of China. Rumsfeld had to diplomatically admit there was no such threat. However, in a subsequent question-and-answer session, both Rumsfeld and Defense Agency chief Yoshinori Ono were asked about the common strategic objective pertaining to Taiwan. Ralph Cossa, president of the Pacific Forum, which is affiliated with the Washington-based Center for Strategic and International Studies, asked Rumsfeld for his interpretation of reports in many Asian nations that the common strategic objective meant Japan and the United States would act together to defend Taiwan. Rumsfeld only said that the contents of the joint statement were in the public domain. Cossa then asked Ono about the growing perception in Asia that Japan and the United States would contain China as a means of defending Taiwan. Ono simply responded that the joint statement should be read carefully. In response to questions from The Asahi Shimbun, one of the sponsors of the conference, Cossa said many nations in East Asia were concerned about Japan's defense policy. "With the issue of Prime Minister Junichiro Koizumi's visits to Yasukuni Shrine also coming into the picture, the view is emerging among Asian countries that the nation truly to be afraid of is not China, but Japan," said a Singapore-based researcher. The latest Asia Security Conference saw the first participation of a delegation of Chinese government officials.

Earth in Greek mythology Essay

Greek Mythology will always be culturally relevant in our world. There is a great deal of Greek Mythology symbolism of Greek gods in today’s society. Greek Mythology will remain compatible to the ideas of society. â€Å"†¦.myth’s adaptability is limited by the fact that a myth must be culturally relevant† (OSU Greek Mythology) Many aspects of our culture involve and began from Greek myths. The solar system is, for the most part, also named after Greek gods, â€Å"with the exception of Earth, all of the planets in our solar system have names from Greek or Roman mythology† (Starchild NASA 1). There is also much symbolism of Greek gods and mythology in today’s society. Greek mythology is greatly reflected in advertising. Several examples are Nike, the goddess of victory, and the very popular sports company, Nike. Another popular advertisement is for the FTD flower delivery company. Their logo includes Hermes or Mercury, the messenger of the gods with winged feet. Apollo, the god of music, has a famous music hall in New York named after him, the Apollo Theater. There is also a magazine of the arts called Daedalus. Greek mythology is relatable to humans. Many of the heroes in Greek mythology are on a quest for truth. In today’s society, humans are still looking for truthful answers to their many questions. Myths explain things the people are believed to not understand. Creation stories in Greek mythology tell of how everything came to be, in their opinion. Many Creation stories include a Flood story, which leads Christians to have greater faith that it occurred. It is also important to study Greek mythology because it is part if history. There can be a lot learned about the Greek culture. Greek Mythology will always be relevant and relatable to the people in this world.

Biological theories Essay

The article Alleged king hitter’s criminal record revealed details the alleged assault against a youth in Sydney’s Kings Cross, which subsequently resulted in his death. Shaun McNeil has been charged with murdering the youth, and the article reveals that he previously had a number of assault-related criminal convictions. The incident has been followed by intense campaigning for tougher laws and heavier penalties for those convicted of alcohol-induced violence. Cesare Lombroso’s ‘born criminal’ theory articulated that some individuals experience a primitive form of development that is ultimately less evolved than those of non-criminals (Bernard et al 2010, p. 38). Applying the theory of biological indicators of criminal behaviour to all cases of criminal incidences may be problematic. Modern criminologists have generally rejected the notion that biological factors alone can be used to explain criminal behaviour, as it is difficult to ascertain whether biological factors and criminality have a genuine causal relationship (Roque et al 2012, p. 306). As such, biological theories may be more persuasive when considered in correlation with environmental factors. The environmental factor most relevant to the case of McNeil is alcohol consumption. While there are many possible relationships between violence and alcohol, one of the most convincing explanations is an increase in aggression due to the alcohol-induced reduction of serotonin in the brain (Bernard et al 2010, p. 53). It is likely that alcohol consumption in this case was a contributing factor to the assault. McNeil’s prior criminal convictions are also noteworthy, as there may be a correlation between past violent outbursts and the consumption of alcohol. It is arguable that ‘the acute and chronic effects of alcohol on committing more aggravated assault imply that once a person becomes a violent offender, either drinking before offending or high average alcohol consumption constitute a probable cause for additional violent acts’ (Zhang et al 1997, p. 127 0). Crimes that have some biological basis can be difficult to manage if law and order policies attempt to address the biological factors alone. Addressing the environmental factors that contribute to these crimes is likely to be  the most effective approach. Crimes such as this may be managed through the restriction of alcohol sales, a measure that has already been put in place by the New South Wales government. More specifically, such measures should be targeted at high-risk locations, including areas that contain a significant amount of bars and nightclubs and attract a large amount of young people. References: Bernard, T, Snipes, J & Gerould, A 2010, Vold’s Theoretical Criminology, Oxford University Press, Oxford. Rocque, M, Welsh, B & Raine, A 2012, ‘Biosocial criminology and modern crime prevention’, Journal of Criminal Justice, vol. 40, no. 4, pp. 306-312. Ross, C 2014, ‘Alleged king hitter’s criminal record revealed’, Nine News, 4 January, viewed 17 March 2014, Zhang, L, Wieczorek, W & Welt, J 1997, ‘The nexus between alcohol and violent crime’, Alcoholism: Clinical and Experimental Research, vol. 21, no. 7, pp. 1264-1271.