Differentiating Between Market Structures - 1766 Words

Differentiating between Market Structures Jessika Canales Dà ­az ECO /365 08/28/2010 Instructor: SR. Carlos Mà ©ndez David Differentiating between Market Structures In this simulation, the learner studies the cost and revenue curves in different market structures perfect competition, monopoly, monopolistic competition, or oligopoly faced by a freight transportation company, and makes decisions to maximize profits or to minimize losses. The simulation also deals with the concept of Prisoner’s Dilemma and the price war scenario in a duopoly. Road, railroad, air transport, and water transport are crucial to a country needs. Food farm products, consumer’s goods, raw materials for industry coal for electric lumber for constructions,†¦show more content†¦Though the market demand curve is downward sloping, each seller perceives the individual demand curve facing them to be perfectly elastic at the given price. Given this demand curve and their cost structures, sellers try to produce an output at which they can maximize profits. Profit is maximized for each seller at the output where marginal revenue (MR) equals marginal cost (MC). This is the output at which the difference between total revenue and total cost is the maximum. In perfect competition, price equals marginal revenue for each seller. This is because the fixed price per unit is the revenue for each seller. This is because the fixed price per unit is the revenue that the seller can expect to earn by selling an additional unit of output. Thus, the profit-maximizing condition becomes PMR=MC. Given the Consumer Goods Division’s cost structures, you are incurring losses at every level of output you can produce. However, you are still able to recover your variable costs by continuing operations. If you were to stop production, you would incur losses equal to your fixed costs, which are higher than if you were to continue production. Therefore, it is better for you to continue operations. You will notice that the average variable cost (AVC) curv e lies below the price for most output levels, while the average total cost (ATC) curve lies above the price. This shows that at the market price, you are able to cover your variable costs, but not your fixed costs. IfShow MoreRelatedDifferentiating Between Market Structures And The Market Structure1239 Words   |  5 PagesDifferentiating Between Market Structures Arthur Levitt once wrote, â€Å"Our markets have not achieved their greatest successes as a result of government fiat, but rather through the efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.(Arthur, Levitt. (2015)) The competitive nature of an industry is what drives our markets throughout the world. An industry consists of all firms making similar or identical products. McDonald’sRead MoreDifferentiating Between Market Structures1598 Words   |  7 PagesDifferentiating Between Market Structures Jennifer Lavallee ECO/365 May 27, 2013 Market structure is the physical characteristics of the market within which companies react. This means that there are different kinds of market structure based on how companies work together within a particular industry. Location and product have the most to do with determining the market structure. There are four defined market types. The first market structure is called the perfectly competitive market. TheRead MoreDifferentiating Between Market Structures1692 Words   |  7 PagesDifferentiating Between Market Structures Using the virtual organization of Kudler Fine Foods, evaluations will be made to determine market structure and competitiveness. Kudler Fine Foods current strategic plan for 2003, marketing overview, and market surveys will provide information to evaluate how Kudler competes in its market and where its strengths and weaknesses are located. Based on the evaluation of Kudler Fine Foods an applicable market structure will be determined and the structures effectsRead MoreDifferentiating Between Market Structures1924 Words   |  8 PagesDifferentiating Between Market Structures Alana Campbell, Dale Fortune, Katrina Beyah, Leonard Cooper University of Phoenix ECO/212 Principles of Economics Donnetta McAdoo December 5, 2011 Differentiating Between Market Structures To understand the economy of today one must understand the different market structures that make up the economy. There are four market structures that define the economic structure within the world’s economy; perfect competition, monopoly, monopolistic competitionRead MoreDifferentiating Between Market Structures1910 Words   |  8 PagesDifferentiating Between Market Structures Don Peterson ECO/365 February 2, 2015 Elena Zee Differentiating Between Market Structures A market structure in economics describes the state of a market with respect to its competition. There exist several different market structures like perfect competition, oligopoly, and monopolies among others. These markets all produce different types of goods or services, like public and private goods as well as common and collective goods. Firms operatingRead MoreDifferentiating Between Market Structures1134 Words   |  5 PagesDiffereantiating Between Market Structures Identify  the market structure in which this organization competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives.   MARKET STRUCTURE The interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entryRead 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 structureRead MoreDifferentiating Between Market Structures Essay1105 Words   |  5 PagesDifferentiating Between Market Structures ECO/365 Principles of Microeconomics August 30, 2012 Differentiating Between Market Structures Retail sales are indicators of microeconomic conditions presented in a given area at a particular place in time. Since Sam Walton opened his first Wal-Mart store, Wal-Mart has been making ripples throughout the micro economies of America. Wal-Mart’s market structure is typical of most of our nation’s largest corporations in that they are an oligopoly (BrownRead MoreDifferentiating Between Market Structures Essay1260 Words   |  6 PagesDifferentiating Between Market Structures Yvonne C Rivera ECO/365 May 16, 2013 Paul de la Pena Abstract There are many TV service providers available in the U.S; however there are only two companies that offer services via satellite. Dish operates within the monopolistic competition market. Dish has been in business since the early 1980’s and has gradually worked its way up to become one of the leading satellite provider and innovator of new technology. In 2013 they offer service to overRead MoreDifferentiating Between Market Structures in Kudler1022 Words   |  5 PagesDifferentiating Between Market Structures in Kudler ECO365 â€Å"Kudler Fine Foods was established in 1998 when Kathy Kudler fulfilled her vision of establishing her own gourmet food store. The La Jolla store continues to grow while the Del Mar store has been having some difficulties. The store in Encinitas has just opened, but sales seem brisk.† (Apollo, 2011, Strategic Plan, p. 3) The owner works 7 days a week and performs many jobs from purchasing to stocking shelves. Kudler Fine Foods sees

The Incorporation of the Human Right Act into British Law

The Incorporation of the Human Right Act into British Law The Human Rights Act came in force in 2000 and has been successful in UK. This is because after a year Michael Beloff QC pointed out in The Times that 15% of the cases brought in the high court with Human Rights Act implication had been successful. The Act has the effect of in cooperating the European convention on Human Rights into British law. The home secretary Jack Straw said â€Å"these are the new rights for the new millennium. The Human Rights Act is the most important peace of constitutional legislation the UK has ever seen†. A citizen is a member of state who expects the state to protect them but also has duties towards it. Being a†¦show more content†¦We must not forget that parliament is sovereign. This means that if it passes a statute which is against the Human Rights Act, there is nothing the courts can do about it. This is because parliament is superior to the Human Rights Act. This is a very great weakness for the judiciary. The process of appealing on a right issue will be cheaper and quicker then the use of the European Court of Human Rights, that the parliament may enforce the act against the government. But parliament could also appeal the act in the future so it does not bound forever. The Human Rights Act is huge step forward in protecting rights, as great as the extension of the franchise in 1932. Furthermore, cases will be dealt with more quickly than with the European convention on Human Rights. It is bound to be cheaper because citizens will not have to go aboard to obtain justice. Most of the rights contained in the convention already exist in UK statutes or in common law so perhaps the act is not such a big step forward. But it will make a difference in dealing with the range of rights such as:  · The right to life  · The right to family life  · Freedom of movement, associated and expression  · Freedom from discrimination on race or religions  · The right to privacy  · The right to a fair trail  · The right to be treatedShow MoreRelatedThe European Convention on Human Rights Act 1998968 Words   |  4 PagesConvention on Human Rights exists to guarantee legal protection to fundamental rights. It will examine how rights are protected in law and the way the UK approaches the protection of these rights. Explanation will be made of the way that the UK addresses the implementation of the rights in the English legal system. Issues such as conflicting rights and legal limitations will also be considered. An evaluation will be made of whether or not The Human Rights Act 1998 protects the fundamental rights of UKRead MoreBusiness Relations : Salomon Vs. Salomon Co1250 Words   |  5 Pages Human beings are commonly legal person but humanity is a state of nature which may be or not be deliberated. In the eighteenth century business relations were considered to be contracted between â€Å"real† persons, whereas after that time legal relationships had been extended to relations between companies, considered as separate legal personality. In company law it has been held that a company is considered as a separate legal entity holding its own assets, debts and equities. Prior to 1840s a companyRead MoreThe European Court Of Human Rights1038 Words   |  5 Pagesthis paper analyses the influence of the European Court of Human Rights (ECHR) and European Union (EU) law including domestic laws onto the dilution of political elements in the UK; thus transitioning towards a legal constitution. Before the 1970s, Dicey’s view that ‘no person or body is recognised by the law of England as having a right to override or set aside the legislation of Parliament’[1] exerted great influence onto the English law. Adam Tomkins, who stated that ‘Parliaments will always enjoyRead MoreEssay on The Concept of Citizenship1014 Words   |  5 Pagesgranted certain rights and in return must perform certain duties. The range and balance between the rights granted and duties they are supposed to perform, vary from state to state and time to time. For example, in war time the rights and obligations of a citizen would be different that of a citizen in peace time. Natural Rights Natural rights are rights that political philosophers argue are universally applicable to all societies. The origins of these rights is saidRead MoreThe Human Rights Of Australia1445 Words   |  6 PagesCountries such as Australia and People’s Republic of China owe a duty to their citizens to uphold basic human rights outlined in such treaties as International Covenant on Civil and Political Rights 1976 (United Nations,1948) and the Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment 1987. Article 2 of the treaty has been accepted by Australia and China which states that each State party should take legislative, administrative and judicial measures to preventRead MoreThe Issue Of Parliamentary Sovereignty1481 Words   |  6 Pagesprofessional bodies and statutory instruments to enact legislation. Practically, the Parliament has the power to make and dissolve any law which means any law passed by the parliament cannot be overruled by any court rules. No parliament, on the other hand can enact law that a future parliament cannot amend Which means that, they are the only figure that can change or reverse laws passed by the them. The UK is also noted to have bit and pieces of unwritten and uncodified constitution which mean the constitutionRead More Limited Liability Essay1533 Words   |  7 Pagesunder the prevailing rules of the legal system that they pay money. The doctrine of limited liability as it relates to corporate law is central to the principle that a company upon incorporation assumes a corporate personality independent of its members. This means that a new legal person is created at law and accordingly has its own assets, liabilities and rights, inter alia, to enter into and be bound by its own contracts. In some respects, the name, â€Å"Limited liability† Company is greatlyRead MoreThe Constitutional Doctrine Of Parliamentary Supremacy Essay1741 Words   |  7 PagesWestminster Parliament become supreme legal authority in the UK. This means any legislation enacted by Parliament cannot be restrained and Parliament is capable to end, amend or repeal any law. The court cannot legally override or refuse to apply its legislating and it should be noted that the Parliament cannot pass the law that future Parliament cannot change. Therefore, Parliamentary supremacy undoubtedly had been regarded as the most significant characteristic of the United Kingdom constitution. HoweverRead MoreHistorical Background And Todays Situation Of Lgbt Essay1261 Words   |  6 Pagesperiod of assent for same-sex relations between men matured 16 is effective as changes are made to the Sexual Offenses (Amendment) Act 2000. Gather sex between men is additionally decriminalized. Additionally in 2001 Ston ewall sets up the Diversity Champions program to help businesses who need to treat their lesbian, gay and bi workers reasonably. In 2002 Equal rights are conceded to same-sex couples applying for selection. Brian Dowling turns into the principal straightforwardly gay youngsters Read MoreMemorandum of Association1553 Words   |  7 Pagesdecides not to have the business or dies, the business ceases to exist. Partnership A partnership can be described as ‘a relationship which subsists between persons parrying on business in common with a view to profit . Under the Partnership Act 1890 a partnership is a nominate contract between each partner where they are entitled to equal participation in management, equal share of profits and have an equal responsibility for debts. Before an agreement is signed between partners it needs to

Performance Management Plan

Question: Describe about the "Performance Management Plan". Answer: Role of manager for Marie After analysing the case study it has been observed that for the case of Marie the employee was newly joined within the organisation and she has less experience in the practical field of working. Due to the lack of experience in the workplace the individual might feel less confident about their job roles. Due to the less communication and interaction with the others she did not perform well in her job description and the organisation faces several losses in their business process. To make the effective work outcomes from Marie the manager needs to provide superior training and development plans to gain more confidence for her (Butler, 2001). By providing motivation and influence the manager can make comfortable the employee in their job role and it could be effective for the profitability of the company like House friends. One on one coaching session To make a one on one session the manager needs to provide effective communication process with the employee (Christensen and Barr, 2009). According to the case study it has been observed that Marie is a bookkeeper and administrator on House friend organisation. She has achieved phenomenal results in the bookkeeping and she has recently joined the organisation. Due to the lack of real world experience in her job role she faces several challenges and she also cannot communicate with the people and the co-workers. It has been observed that within the Maries team different unethical works has been occurred and she understand all the things but she cannot speak out due to the lack of confidence and lack of experience in the workplace. For a manger it the prime task for him to observe and analyse the lagging areas of the employees in the job role and try to develop the individuals skill by providing some training and development plan (Longenecker, 2006). Due to the lack of confidence and c ommunication the organisation face several quality issues in their business process which can lead negative impact and negative reputation in the market. To improve the performance management plan for Marie the manager needs to aware about her problem and try to discuss with her about her areas of issues in the workplace. To solve the problem of lack of confidence and lack of experience in the wok field the manager needs to provide effective training and development plan for the individuals. By keep monitoring on the performance of the individual for regular basis can increase the performance of the employee also. Milestone Details Name of Employee Marie Name of Manager Smith Date of Coaching session 10.10.2015 Identification of Performance Issues Lack of confidence and poor communication Worker Response Good in academic career and effective problem solving skills and innovative thinking Areas of Disagreement Due to the lack of experience she cannot handle the staffs for ethical works and it harm the business process for the organisation Opportunities for development Communication skills, effective training and development program on the job role is required for the effective outcomes in their business process. Appendix 1: Operational Plans Milestone Details revamped Store Layout Store needs to open in Saturday for full hours to attract more customers in their business process. By implementing internet marketing style the store needs to provide internet banking facilities in their account and needs to develop a well structured customer care support team to meet the need of the customers. Recruitment and Induction Plan By recruiting more employees in their business and providing effective sales and customer care team the organisation can get effective work outcomes in their business process. Training of all staff on the sustainability features of major product lines To make the staff effective in their job roles and to maintain the legal and ethical concern about their product the organisation or the management of the House Friend needs to provide effective training and development program for the employees. By doubling their stores in the physical presence the organisation can try to maintain their place in the competitive market and to establish new stores the organisation needs to require several skilled and talented employees. Appendix 2: Performance Management Plan Identities. Milestone Details Name of the Employee Marie Work Roles Bookkeeper/Administrator Key result areas Less experience staff in the business Superior ideas about the green technology and eco friendly productivity Poor interaction with the co workers Lack of Real World knowledge in the work place indicators of Success Need to develop communication skills Need to be more confident about her own work Need to be take effective decision for the organisational benefit Date to be completed Within 3 Months Appendix 3: Milestone Details Identifies Skills to be developed To develop the key performance indicator for the employee the manager needs to provide effective training and development program towards the employee to gain her confidence in the business process. By providing effective communication skills and proper motivation the individual can enhance her performance in her job role. Due to the less work knowledge in the practical field can affect the quality and the productivity for the organisation. Proper communication can enhance the interaction between the employees which can lead effective outcomes in the performance of the employee. To make an effective performance management plan the manager needs to provide effective monitoring and supervisory process for the individuals performance. Providing effective training and knowledge about the Go green activities can help the individual to work in a cost effective way for the organisation. Appendix 4: Coaching session-Observers Evaluation Sheet Milestones Details Coaching Session For the effective coaching session for the employee the manager need to utilise the GROW model in the training and development program. By providing the grow models in the business the individual can easily understand the goals of the organisation and the current reality or the position of the organisation in the competitive market. After analysing the goals and position the employee needs to understand the obstacles for the organisation and their business process and needs to develop a well structured way forward plan in the process. To provide an effective communication skill for the individual Marie the manager needs to utilise rephrasing, active listening and summarising skills. By adopting this skill of communication the individual can easily communicate with the other employees in her job role and it could be effective for the performance of the individual as well as for the organisation also. To promote an effective coaching session the manager of the organisation needs to develop a well structured questionnaire for analysing the problem areas for the individual by effective communicating with the employee it can mitigate the problems for her and the managers can get effective work outcomes. Appendix 5 Coaching Session- Coachs Self Reflection Milestones Details Coaching Session To make effective coaching session as a coach or the mentor of Marie i need to analyse her strength and weakness in the job role and needs to develop my implementing strategies according to her strength and weakness. To mitigate the weak communication of Marie I needs to provide effective communication and training development plan for her and that should need to be develop on the basis her strength and weakness. By providing proper encouragement in her job role I can easily make her pretty comfortable to work efficiently and effectively with others in the business process. References Butler, D. (2001). Business development. Oxford: Butterworth-Heinemann. Christensen, B. and Barr, J. (2009). The assessment interaction plan-A tool for driving performance improvement through analysis to application. Performance Improvement, 48(6), pp.30-38. Longenecker, J. (2006). Small business management. Mason (OH): Thomson/South-Western.

Diverse Acts of Courage free essay sample

It is from numberless diverse acts of courage and belief that human history is shaped. Each time a man stands up for an ideal, or acts to improve many others, or strikes out against injustice, he sends forth a tiny ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance. † -Robert F. Kennedy What is Kennedy saying? Do you feel Kennedy is right or wrong? Why? Can you connect this idea to your own life? Write a 5 paragraph essay discussing the idea of human’s making ripples in history and current events. Kennedy is saying that it is from brave individuals that history is created and formed. Everytime someone stands up for what they believe in it makes others want to stand up for what they believe and sends out a little bits and pieces of hope through the nation. We will write a custom essay sample on Diverse Acts of Courage or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Those little bits and pieces of hope is just enough for the nation to over come obsticles and change the nation for the best. What kennedy says is completely right. If it wasn’t from numerous acts of courage from brave indivisuals this nation would be worse then what it is. For example Martin Luther King Jr. if it wasn’t from him standing up against racisism and segergation I probably wouldn’t be born and I probably wouldn’t have a lot of the friends I have now. Thanks to Martin Luther King we have had the first African American President. Another example is Rosa Parks if she wouldn’t give up her seat to a white man even though she knew the consequences. Since she didn’t give up her seat it sent little ripples of hope through the African American community which resulted in them boycotting and not getting on the buses; because of that the bus seating and rules changed. Now everyone can sit where ever they want on the bus. Thanks to these two people courage and bravery my life is great. My best friend is of Hispanic heritage and we can walk down the street and hang out together with out anyone saying anything to us. Now on a day to day basis ou see interacial couples walking down the street holding hands and no one can tell them any thing. Thanks to Martin Luther Kings bravery they are allowed ti do that without someone trying to kill them. When I take the bus to school you see a varietyu of different cutures on the bus and everone sits with everyone and gets along fine. African Americans don’t have to sit in the back they can sit where ever they want freely. Whites now sit in the back when ever they want and they give up their seats for African Americans if they want its just nice manners.