Tuesday, October 29, 2019
Housing Policy Seoul, Korea Research Paper Example | Topics and Well Written Essays - 2500 words
Housing Policy Seoul, Korea - Research Paper Example ty has also experienced extensive sprawl and suburbanization, growing into a metropolis of twenty million citizens in neighboring provinces and cities. In the face of this abrupt and phenomenal expansion, Seoul metropolitan Government has had to manage emerging urban challenges with a fair share of lamentable mistakes and success stories (Yoonseuk, 2012). As part of a two-tier local government administration, Seoul Metropolitan Government is involved in policy-making for the entire metropolitan region. Seoul has been at the center of a remarkable boom in residential buildings, in which older houses have been replaced by newer ones that with increased density (Yoonseuk, 2012). The inner cities, specifically, have seen phenomenal renewal over the past twenty years, both in terms of pace and magnitude. Managing this growth across the entire metropolitan area has been one of the most challenging issues of planning for the Seoul Metropolitan Government, especially in light of the Jeonse system that is unique to South Korea and has resulted in unique challenges for Seoul. This paper will discuss the unique challenges facing Seoul, as well as how the Seoul Metropolitan Government has reacted to these challenges in way of housing policy. Finally, the paper will present an evaluation of these policies with regards to their success. The low interest rates and the lengthy slump in the housing markets In South Korea as a result of the Asian financial crisis and the global financial crisis threatened the very future of the jeonse system, which is a unique and long-standing home-lease system that stretched back to the 19th century. These jeonse contracts have been a mainstay in Seoul since it was founded over a century ago. In this system, the tenant, rather than paying rent monthly, pays the landlord a lump sum, up-front deposit that is normally ~40% of the houses value (Yoo, 2014). After a lease period of two years, the landlord can either renew the lease or refund it in its
Sunday, October 27, 2019
Ventilation and Fire Safety in Construction Projects
Ventilation and Fire Safety in Construction Projects TASK 1 Define the term ââ¬Å"Building Servicesâ⬠A building which makes it safe and comfortable to be in under the title ââ¬ËBuilding Servicesââ¬â¢. The building also must do what it was designed to dony not just provide shelter but also be an enviroment for living, work and achieve. According to Roger Greeno (2000), services are the nerve system of a building. Discuss the needs to install the system for the services in a building. Component of Building Services that must be installed in a building, first, water, drainage and plumbing. Second, escalators and lifts for occupation used and energy supply for example electricity, gas and renewable sources. Identify and explain the component of building services applied into the building that you choose. The component of building services applied into the building that are: Water Drainage By applied the water drainage into the site and building for making the water more easier to move at one direction. Drainage is the natural or artificial removal of surface and sub-surface water from an area. Many agricultural soils need drainage to improve production or to manage water supplies. Escalators An escalator is a moving staircase ââ¬â a conveyor transport device for carrying people between floors of a building. The device consists of a motor-driven chain of individual, linked steps that move up or down on tracks, allowing the step treads to remain horizontal. Electricity Electricity is the set of physical phenomena associated with the presence and flow of electric charge. Electricity gives a wide variety of well-known effects, such as lightning, static electricity, electromagnetic induction and electrical current. In addition, electricity permits the creation and reception of electromagnetic radiation such as radio waves. TASK 2 With the aid of diagram, explain the component of fire triangle. The blaze triangle or ignition triangle is a basic model for comprehension the vital elements for generally fires. Fuel In the event that fuel is evacuated, the blaze will starve and be quenched. With bushfires this is possible through various preemptive techniques, including endorsed blazing or physical evacuation of the fuel. Amid out of control bonfire concealment the evacuation of fuel is possible physically through the raking of flame line or the utilization of bulldozers to clear a blaze line. Air In the event that air is evacuated, the blaze will suffocate ââ¬â in light of an absence of oxygen ââ¬â and go out. The expulsion of air from a bushfire is very troublesome as flames are regularly huge and incorporate impressive territory. Heat The evacuation of high temperature or the cooling of a blaze is the most widely recognized manifestation of concealment. As a rule water is utilized to basically drench up the hotness produced by the flame. This hotness turns the water into steam, accordingly looting the flame of the high temperature utili Identify and explain the components of fire prevention control system that installed in the building that you choose. Component of fire prevention and control system that installed in the building that I choose are design of buildings, structure, fabric and components. The control system are hose reels, Hose reel system is intended for the occupant to use during the early stages of fire and comprises hose reel pumps,fire water tank,hose reels,pipe work and valves. The hose reel system generally serves as an initial fire fighting aid. When the hose reel is brought into use the pressure in the pipe immediately downstream of the pump check valves will drops below the field adjusted pressure setting of the pressure switch thereby trigerring the pump to comes into operation automatically to feed a steady supply of water to discharge through the hose. Fire fighting hose reel is the part which can be easily accessible. The fire hose reel outlets should be properly housed in glass fronted cabinet secured under lock and key. TASK 3 Explain the ventilation requirement for different types of space/room/accommodation. SPACE Considered the best arrangement of ventilation and for the most part in spaces where nature of administrations is the prime concern-consequently is not shabby. The air separated before circulated into space. Suitable for silver screens, departmental stores, healing centers, (esp. operation theaters) research facilities. ROOM These air is warmed before it is constrained into room. The air may be warmed midway and circulated utilizing channels to rooms or warmed independently. Usually utilized engine compartment room, work places and exceptional plants. Suitable for multi-story building. ACCOMMODATION Concentrate fans and channels used to guarantee the taint air is consistently evacuated. The room is then loaded with natural air from outside. Utilized as a part of research facilities, kitchen, gathering or multi-reason lobbies. In some space the operation of these fans are coordinated with different administrations, for example, lighting. Identify and explain the air-conditioning system that installed in lecture rooms. Split air conditioner have two main parts outdoor units and indoor units. The outdoor unit uses a compressor and air cooled condenser to provide cold refrigerant to a cooling coil in the indoor unit. A fan then blows air across the cooling coil and into the room. The indoor unit can either be ceiling mounted (cassette unit), floor mounted or duct type. Figure 1 Explain at least THREE (3) reasons why the type of air-conditioning system state in task 3 (a) is used. Part aeration and cooling system have two principle parts outside units and indoor units. The outside unit utilizes a compressor and air cooled condenser to give cool refrigerant to a cooling loop in the indoor unit. A fan then blows air over the cooling curl and into the room. The indoor unit can either be roof mounted (tape unit), floor mounted or pipe sort. TASK 4 Explain THREE (3) basic physical laws that need to be consider when designing or planning any water installation. Water is liable to the power or gravity and will think that it level. Second, to overcome grating inside the passing on funnels water which is put away before dispersion will require to be under weight and this is typically attained by putting away the water at a level over the level of the outlets. Finally, the vertical separation between these levels is typically called the head. Water gets to be less thick as its temperature is raised hence warm water will dependably dislodge colder water whether in a shut or open circuit. With the aid of diagram, discuss the differences between direct and indirect hot water system. Direct system ââ¬â In an immediate framework, the water supply bolsters the heater and afterward the taps. Indirect system A roundabout high temp water framework is the place the evaporator warms water in an essential circuit coursing through a hotness exchanger curl in a boiling hot water chamber. Water in the taps goes through from the supply regularly with a header tank through the chamber and to the taps. The faucet water never experiences the heater. TASK 5 Explain the differences between electricity single phase and 3 phase supply. Single phase supply Electric force alludes to the appropriation of exchanging current electric force utilizing a framework as a part of which all the voltages of the supply shift as one. Single-stage dispersion is utilized when burdens are generally lighting and warming, with few huge electric engines. A solitary stage supply associated with an exchanging current electric engine does not deliver a rotating attractive field; single-stage engines require extra circuits for beginning, and such engines are unprecedented over 10 or 20 kw in evaluating. Three phase supply Electric force frameworks have no less than three conveyors convey substituting current voltages that are counterbalanced in time by one-third of the period. A three-stage framework may be orchestrated in delta or star (likewise meant as wye in a few regions). A wye framework permits the utilization of two separate voltages from each of the three stages, for example, a 230/400v framework which gives 230v between the unbiased (focus center) and any of the stages, and 400v over any two stages. With the aid of diagram, compare the arrangement between TWO (2) types of Power Circuit and discuss the IEE Regulations that need to comply when installing Power Circuit.
Friday, October 25, 2019
Essay --
BOM: Managing Conflict in Cross Generation Audience Interaction: (cassie) (Show the audience the slide show; the different generations and their views. After the slideshow is viewed, the speaker asks ââ¬Å"what do you think this slideshow has illustrated?â⬠Let audience respond) The workforce we work in today is changing rapidly. Over the last decades the development of technology has been widespread. Not only has technological development had an impact on each of us but also it has significantly influenced a generation gap. Simply said, the older lifestyle has become obsolete. Technology has wiped out many of the old practices that the older generation have used. Because of this generation gap, there are marked differences between our generation and our parentsââ¬â¢ generation. These differences are ââ¬Ëin the way we think, live and communicate.ââ¬â¢ For example, if our parentsââ¬â¢ generation use the term ââ¬Ëpost,ââ¬â¢ what would come into their mind would be the system for letters and parcels being delivered. However, in todayââ¬â¢s generation, the word ââ¬Ëpost means a facebook post or a social networking post. Introduction: (Solita) Welcome Business Corporates to this annual business breakfast. We are workers from the Cairns Consulting Firm and would like to address with you one of a human resource issue we face in our workforce each day. Australia, like other developing countries is currently experiencing a population that is ageing, this is resulting in a demographic trough in the countryââ¬â¢s workforce. In consideration of the impact on the economy, the ageing workforce is now a major concern and priority for government and organisations alike. Although research acknowledges the relevance of this issue in Australia, it remains unclear how organisations s... ...ger generation to meet them, she has earned her respect and reputation, she acts as a mentor and she separates her personal life from her work life. Conclusion: (cassie) In conclusion, the workforce today consists of four different generations, the traditionalists are the workers aged 70 and over, the baby boomers are the workers aged from ages of 49-68, generations Xââ¬â¢s are workers 34years to 48 years old, Generation Yââ¬â¢s or also known as Millenials are workers aging 33 years and lower. All these generations style of learning, their mindsets, their type of communication, their priorities in life and their values all differ from one another. Due to this problems easily arise, so the main strategy and the most vital is communicating with each other, addressing and taking advantage of the variety of values and being attentive. Thanks for listening !
Thursday, October 24, 2019
Business Strategy BMW
Bayberries Motormen Worker GAG (English: Bavarian Motor Works) with headquarter in Munich is one of them. Founded 1916 as a producer of aircraft engines BMW is one of the ten largest car manufacturers in the world today. The company operates in three business segments: automobiles, motorcycles and financial services. However the core business Is still the production is one of the leading car manufacturers with the aim to achieve profitable growth and become the number one in next few years. The global acting company had a business volume of 53,7 billion Euro in the year 2009.Currently 96. 000 employers work at 17 different production places all over the world for BMW. In last year the BMW Group sold 1. 3 million cars of its three non-overlapping premium car brands Mini, Rolls-Royce and BMW. The brand recognition and high investments in research and development seems to be the trumps of BMW (BMW, n. D. : BMW Education Programmer n. D. ). This report will give a more detailed view at t he current situation of the BMW Group with an analysis of the company's strategies but also with a look at the issues and a final evaluation of the authors of this report. . Strategic Analysis Integral to the understanding of the organization BMW Group is a detailed strategic analysis of the company. Appendixes 1 and 2 both contain various tools for analysis, namely a SOOT and a PESTLE analysis. One can draw upon these when analyzing all the forces and factors affecting a company as an aggregate. It is also important to place the findings of these analyses in a context. In this case, a strategic analysis of BMW Group should not only consider the information contained in both these analyses, but also the context in which the firm operates.As mentioned, in Appendix 1, a SOOT analysis considers the current position of a company. In the case of BMW Group, the position is currently enjoys is a very strong one. When critically analysis the mentioned weaknesses and threats it becomes appar ent that each of these are common to most companies and car manufacturers in the market segments chosen by BMW Group and its subsidiaries. In a sense this leads to a canceling out effect, which will be discusses below.For example, in terms of threats to automotive manufacturers, existing and fierce competition applies to the vast majority, as does being affected by the volatility of fuel prices. To a large extent the price of raw materials also poses a threat to all manufacturers, however this varies by small degrees when one considers that in a anthropometry environment many cars do not share similar materials. This is due to manufacturers seeking competitive advantage through vehicle parts and structures being made of differing alloys, in attempts for qualities such as greater strength and lighter weight.In spite of this, steel remains a predominant material in the automobiles of BMW Group. Having similar ââ¬Å"threatsâ⬠appropriate to most manufacturers means they are all c ompeting amidst similar circumstances, so no firm is solely disadvantaged as a result. It is a similar case when one considers the weaknesses of BMW Group. Despite minor differences, most manufacturers in the market segments operated in by BMW Group share most weaknesses. All premium carmakers are faced with stiff competition, as it is the nature of the industry. All suffer from a perception of high prices.Again, there may be slight variations within this surmise such as slight variations in perceived value but as an aggregate, the premium car sector is partly characterized by high prices. Associated with keeping design and construction of the automobiles of BMW Group within Germany, and various other Western countries. This is due to higher labor sots, and greater levels of taxation. Keeping the majority of production and all of the design and engineering in Germany has both advantages and disadvantages. It has been listed in the SOOT analysis as a weakness, purely due to the impac t on the bottom line of the firm.It is a similar story for the other major German competitors BMW Group. Certain American (Lexus) or Swedish (Volvo) rivals face a similar problem in terms of higher cost. -Chinese competitors do not. Being engineered and assembled in Germany has to also be mentioned as a strength. This is as a result of German engineering having an international petition for being of some of the highest quality engineering in the world. This creates a perception of quality, which is common to most manufacturers in the premium car segment, but more so to the vehicles created by BMW Group.There is perception that BMW, along with Mercedes Benz are of a higher standard of quality than their third major German rival, Audio. As well as a SOOT analysis, a PESTLE analysis is important for furthering knowledge of the environment in which BMW Group operates. As Appendix 2 outlines, a PESTLE considers the external forces which impact upon the strategic implementation and runnin g of a firm. Political forces are present, however they have an effect on the industry as an aggregate. Within Germany, the country in which a lot of the cars of BMW Group are manufactured, laws dictate maximum emissions vehicles are allowed to produce.They also affect BMW Group in that they dictate minimum wages and minimum level of corporate responsibility. For most other countries, taxation laws and customs laws determine prices at which BMW Group products are sold at. Different countries have different levels of tax and import duties, however generally most countries will charge some form of import duty on valuable goods, which in turn increases the price at which local retailers sell the vehicles. In some cases there are certain charges on top of this ââ¬â of example in Australia there is a Luxury Car Tax imposed on vehicles worth more that ****.But as aforementioned, this type of political influence affects all manufacturer in the premium car market segment. Ecologically t here are a lot of influences shaping the direction of BMW Group automobiles. The main one being the increased societal awareness of the popular concept that is Global Warming. As a result of this many nations and manufacturers re imposing, whether voluntarily or as a legal requirement, goals of reducing emissions. This is done through setting targets and can be quite costly ââ¬â in most cases being where the majority of research and development funds are spent.In the case of BMW Group, this is certainly so. The quest for more efficient engines is ongoing, and can also be attributed to the other major ecological factor ââ¬â the growing scarcity of natural resources. The natural resource whose scarcity affects motorists globally is crude oil. There are socio-cultural factors at work, also. BMW uses positioning to reach certain target markets. As such, a lot of their vehicles are financially out of reach for demographics. Due to this, things such as median incomes and average p roperty prices dictate where BMW outlets will be placed geographically.Also in the case of BMW Group, an image of exclusivity primarily exists, though more recently there has been an effort to make their products within reach of more people. This is being conducted by making smaller, more affordable cars whilst retaining an image of prestige. In an industry such as the car industry, technology is the most influential force toward a company such as BMW Group. Technology is where a lot of manufacturers obtain their competitive advantage, and for BMW Group this is certainly the case.They invest vast sums of money into research and development in a bid to create more efficient engines with which they can compete with other manufacturers and obtain a competitive advantage. This also applies on fronts such as safety of cars, durability of cars, and power of cars. With current market trends drifting towards efficiency being a high priority for most customers, this is something that plays a n integral role in the strategic goals, plans, and implementation of plans of BMW Group. Economically, there are many forces that exert influence over BMW Group.Varying exchange rates are a primary factor, and have a direct impact upon sales within a given country, as they play a large role in determining whether or not a customer will buy a substitute good. BMW Group have a strategy in place to manage this known as ââ¬Å"hedgingâ⬠. High prices for raw materials such as steel and various alloy metals also play a part in determining corporate strategies, as does the volatility in the price of petrol in various countries in which BMW Group sells their goods. The legal factors are very similar to the aforementioned political factors, as they mostly include legislations to do with emissions and safety.There are other laws which vary by degrees between countries in which BMW Group goods are produced. This mainly involves certain labor laws, such as minimum wage laws and occupationa l health and safety laws. BMW Group consider these forces and the elements of a SOOT when developing corporate strategies and implementing them. The firm devises ways in which they can manage this uncertainty, and minimize the amount of turbulence they encounter spite being part of such a competitive and volatile industry. These will be covered in a later section of this report. 3.Strategic directions Especially in the high competitive market of the automobile industry a clear vision and mission statement is important to hold the internal and external stakeholder support on a high level (Hill, Jones, Galvan & Haddam 2007). As one of the worlds leading car manufacturer BUM'S vision statement is nothing less than ââ¬Å"To be the leading supplier of premium products and premium services for individual mobility. â⬠(BMW AAA, p. 180) To do that BMW sets its main focus traditionally on sights quality standards and best possible service for its customers.BMW mission statement is embo ssed by sustainability and responsibility. In the centre stand the three ââ¬Å"Or'sâ⬠: resources efficiency, risk minimization and reputation. With resource addition the company tries to save energy by optimizing their current engines and providing new drive systems like hydrogen engines. The aim of the company is ââ¬Å"to use resources sparingly and efficiently' (BMW 2005, p. L). To lead the company in successful future for BMW it is important to recognize risk in an early stadium and try to avoid them (BMW 2005).Reputation is especially for BMW as a company with a very high brand value important. So BMW wants to ââ¬Å"enhance the Company's reputation by acting responsibly towards employees and society'(BMW 2005, p. L). Every individual of the BMW group is supposed to maintain the sustainability of that three parts and everyone in the company should implement these objectives in the every days work life. Simultaneous BMW sees its staff as an important part on the way to rea ch its mission and provide its employees with best conditions and supports the professional and personal development (BMW 2005). Key strategies BMW has several strategies to survive in the strong competitive automobile market. One is the strategy of differentiation (Hill, Jones, Galvan & Haddam 2007). Cars of BMW stand for quality and exclusivity. Customers are willing to pay more money for a BMW than for an equal car of another brand. BMW is able to create the awareness of differences in its consumers mind and satisfies its customers wants and needs at a very high level. The cars of BMW have an attractive and sportive design. In connection with the high price BMW underlines its status as a premium brand.Furthermore BMW attracts through its sportive aspect and focus on innovation especially younger people. Expensive marketing campaigns force that in an impressive way. The result is an extremely high brand recognition and binding of a large number of loyal customers all over the worl d. That unique position of BMW makes it difficult for competitors to take advantage of the market in the short and medium term. BMW follows a diversification strategy, too. It has three non- overlapping car brands and a motorcycle brand.They are able to use their high knowledge and engineering experiences for all three different car brands and rover there are several synergies between the car and the motorcycle production. Especially in the expensive development of engines both segments profit similarly and the total risk for the company is lowered down because the company is less vulnerable for unexpected economic or competitive changes (Hill, Jones, Galvan & Haddam 2007). As a third the mastication of profit is one of the major strategies of the company for the next years.BMW has to fight against decreasing sale numbers caused by the economic crisis. Therefore the firm has to find new ways to generate more earning to satisfy its shareholders. A logical consequence is to reduce cos ts and increase efficiency. BMW tries to do that by different methods and techniques (Hill, Jones, Galvan & Haddam 2007). 5. Strategic implementation In the centre of Bum's strategic implementation stand the realization of strategic plan called ââ¬Å"Number ONEâ⬠. BMW propose two sets of goals and strategies ââ¬â one to lead BMW into 2012, one to lead BMW into 2020 (BMW 2007).At present, for the short worldwide. This is inclusive of all of their car brands, Mini and Rolls Royce. To do this they are increasing the variety in their model line-up. Also, for this short term, they re among the industry-leaders in adapting to new and different target markets, by producing cheaper, better quality cars which are accessible to a greater array of potential buyers. The other major short-term strategy to achieve this is to greater ââ¬Å"recession-proofâ⬠their interests by engaging in hedging in the $ASS (BMW 2007: Horntail 2009).The goals and strategies which BMW hopes to achie ve by 2020 are much more ambitious, but no less achievable. They have adopted a ââ¬Å"less input, more outputâ⬠ethos, and as such are aiming to cut cost-centers and save the targeted figure of 6 billion Euros. As part of this plan, that 6 billion Euros is earmarked to then be invested into research and development in order to gain a competitive advantage through greater efficiency of their products. Instruments like flexible work and shifts models make it possible to adjust the product capacity of each plant contemporary.The number of employees will be reduced naturally ââ¬â without dismissals (BMW 2007: Horntail 2009: Hill, Jones, Galvan & Haddam 2007, p. 102). Because of the strong position of the Euro against the US Dollar in the last years BMW will increase the utilization of the placement in United States. Also the company want to profit of the well qualified but cheaper labor of China through extensions of productions placements in China. The movement to China means also shorter ways to the new growing market and using of cheaper local suppliers, which moreover reduces the costs further (BMW 2009).High investments in marketing are an important element in the strategic implementation of the BMW Group as well (BMW 2009). The high marketing budget attends to save its main competitive advantage: the high brand recognition. The concept of the ââ¬Å"ultimate driving machineâ⬠creates an emotional connection to customers world wide. Thereby BMW goes within its marketing strategy not the easiest way and make the same advertisements and marketing campaigns all over the world. The BMW Group analyses the specific customer groups of each region and try to listen and respond to the customers.Whereas people in America still want big engines in their cars, the environmental aspects in Europe getting more important. So BMW not only offers the same cars with different engines, also its marketing strategies for America, Europe and Asia are different. BMW controlled its distribution network more than most of its competitors. The results are again benefits for brand management. The company has the reputation to be near its customers. The brand BMW stand not only for quality, also service is linked with BMW. So the after sales service is another important part of the strategic implementation.The people should see that the company cares about them also after the buying which is in important fact in binding the customers as well (BMW 2009). Finally BMW will fulfill the new carbon dioxide regularities of the different governments. That means also a reaction of a changing of the customer wishes and a conformance to the companies mission BMW2009). 6. Key strategic implementation issues 0 Raising competition Environmental issues Global recession Changes in demand The external environment is a major contributor to this in the form of cut-throat competition, which is rife throughout the automotive industry.BMW don't have brand cannibalism to w orry about, but the existence of suitable alternative goods which may also appeal to potential buyers' (Hill, Jones, Galvan & Haddam 2007). Another key issue is those faced by the research and development department. Competitors wish to achieve the same outcome, for the same reasons, therefore BMW eave to remain competitive on a number of fronts (Hill, Jones, Galvan & Haddam 2007). This is also in keeping with having to work within the confines of various regulations.As they are the manufacturer of automobiles they must adhere to environmental and safety regulations in all the countries in which their goods are sold, and, due to globalization, this counts for the vast majority of nation states (Hill, 7. Evaluation of strategy The strategy of differentiation is important for a brand like BMW which do not serve the whole market. There are a few competitors in the premium segment of the automobile market and BMW has to do a high effort to keep its position and reputation in the long ru n. But BMW has to be careful.The company invests a lot of money in research and development. That could keep the danger that competitors imitate Bum's new products and inventions faster than the company can take real advantages of its investments. The high brand recognition is surely safe for the short and middle distance but in the long run BMW has to maintain its competitive advantage. Because of its relative small size in comparison with its main competitors tragic alliances will probably become a key position in BMW future strategic direction to achieve economies of scale and finally high profit margins.This is also a good possibility to reduce the costs of research and development and to realize especially cost intensive big innovations like the development of new engines for example the electric or hydrogen technologies. 8. Conclusions BMW seems to be good prepared for the future. The strong brand image gives the company a unique position in the marketplace, which is quite ess ential in such a high competitive business environment like the automobile industry. The key strategy Differentiationâ⬠works and the strategy plan for the next years ââ¬Å"Number ONEâ⬠shows a sustainable and moreover feasible concept which should be successful.
Wednesday, October 23, 2019
Public Budgeting- Revenue Sources
Three revenue sources in public budgeting Property Tax: Property tax can be defined as a levy that the government issues on a personââ¬â¢s property. The value assessed to the property is taxed. Revenue of local governments like cities and counties are derived from property taxes. The revenue is used for administration in government and expenses concerning law enforcement, paramedics etc. ; and also to fund courts in local governments and helps for the payment of services which include civic centers, community programs, libraries, parks and recreation, and schools.Property taxes are also often used to pay some state programs such as Medicaid (in New York for example) and also to provide public assistance such as assistance to needy family (TANF), child welfare services and other social services such as supported employment, adult protective services, domestic violence and personal care assistance. This revenue can also be tracked in public safety like in juvenile detention, probati on services and other mandates (corrections/ county jail, law library in county jail, staffing for state and county court, prosecution services, community colleges etc. ).Property tax revenue can be tracked in many ways, it depends on each state but all states generally use these revenues to fund almost the same programs. Intergovernmental Revenue: Intergovernmental revenue is the funds obtained from other governments. These funds usually include grants, taxes which are shared, and contingent loans and advances. Here, funding emanates from all governments (federal, state and local governments). ââ¬Å"Financial arrangements for funding and delivering intergovernmental services can be complex according to the variability of government structure, organization, roles and responsibilities.For example, government support concerning elementary and secondary schools includes direct funds from the federal government that are passed through state and local governments to local educational ag enciesâ⬠(www. gao. gov). There are also funds allocated to cover costs for elementary and secondary education, these funds include the rent on school buildings for example. Charges for services: Charges for services are defined as customersââ¬â¢ charges and others charges coming from governmental and business activities. Charges for services within the governmental activities category include items such as licenses and permits (for example, business licenses and building permits), fines and forfeits, and operating special assessments sometimes charged for services provided outside the normal service area or beyond the normal level of services. Charges to other governments for services such as incarceration of prisoners also are reported in the Charges for Services columnâ⬠(Kattelus & Reck, 2007).These charges include various services rendered within the states for example park entrance fees, document fees, court-filling fees etc. It also implies any government which p urchases, uses or benefits from goods and services provided. References Wilson, E. R. , Kattelus, S. C. , & Reck, J. L. (2007). Accounting for governmental and nonprofit entities. (14th ed. ). Boston, MA: McGraw-Hill Irwin. http://www. gao. gov/special. pubs/longterm/state/intergovrevenue. html
Tuesday, October 22, 2019
The Sting essays
The Sting essays The re-releasing of The Sting on DVD will hit stores on April 5, 2005. It hits store as anticipated as it did when it was first released in 1973. The Sting is a cinematic masterpiece even three decades after the first release date. The plot is simply astonishing. It has more twists and turns then any other movie to date. The Sting also doesnt just lure in the audience by promising an unpredictable plot, it actually delivers. Instead of the standard one-twist and the movie is over, The Sting never lets its audience rest with new developments around every corner. The plot is truly one that never allows a dull moment. This clever and hilarious movie is set in the depression years. A small-time drifter, Johnny Hooker, (played by Robert Redford), is making ends meet in the tough times of the depression by living off of scams that he and his partner Luther Coleman, played by Robert Earl Jones, pull on unsuspecting civilians. When Hooker and Coleman pull their favorite con, the old switch-a-rue, they think they have won the lottery when they come to realize that they just conned a guy out of eleven thousand dollars. Hooker wasnt able to enjoy his money for long as he blows his take on roulette. Coleman keeps his money and decides to retire, after he finally pulled off "The Big One". What neither of them realize is that their mark, the unsuspecting civilian, was a numbers-runner for some big-time gangster in New York. That powerful gangster was Doyle Lonnegan, played by Robert Shaw. Lonnegan, hearing of this grim news, puts a bounty on both of their heads. Lonnegan's thugs find one-half of the tande m; Luther in his debacle of an apartment. The thugs then throw Luther out the window to the solid ground below. This was a very convincing reason for Hooker to flee town and seek refugee. Swearing to revenge his partner's death, Hooker contacts Henry Gondorff, played by Paul Newman, an old friend of Luther's and as reputatio...
Monday, October 21, 2019
Biotechnology Development and the U.S. Economic Hegemony
Biotechnology Development and the U.S. Economic Hegemony Abstract Biotechnology is understood by many to be one of the most promising areas of technological development and among the most probable to bring significant economic and societal gains to the United States in the 21st century. With so much potentially at stake, an international competition has emerged among states and companies to grow and capture the value of biotechnology products.Advertising We will write a custom research paper sample on Biotechnology Development and the U.S. Economic Hegemony specifically for you for only $16.05 $11/page Learn More Competitiveness generally refers to the relative potential of a nation or company to convey goods or services to markets. Evaluations of competitive strength usually rely on indicators such as revenues, market share, and trade. Biotechnology is not a detached industry, but relatively a technology applied across a wide range of products in different industries for which biotechnology products in general ac count for a small fraction of total sales. For this reason, this research reviews national biotechnology research and development (RD) investments and patents as indicators of current U.S. scientific and technological competitiveness and potential markers of future industrial competitiveness in biotechnology products. Introduction Biotechnology is understood by many to be one of the most promising areas of technological development and among the most probable to bring significant economic and societal gains to the United States in the 21st century.1 With so much potentially at stake, an international competition has emerged among states and companies to grow and capture the value of biotechnology products. Competitiveness generally refers to the relative potential of a nation or company to convey goods or services to markets. Evaluations of competitive strength usually rely on indicators such as revenues, market share, and trade. Biotechnology is not a detached industry, but relativ ely a technology applied across a wide range of products in different industries for which biotechnology products in general account for a small fraction of total sales.2 For this reason, this research reviews national biotechnology research and development (RD) investments and patents as indicators of current U.S. scientific and technological competitiveness and potential markers of future industrial competitiveness in biotechnology products. The competitiveness of U.S. developed biotechnology products and processes may finally depend on broad issues, i.e. fair trade practices, protection of intellectual property, regulatory climate, and tax policies.3 The competitiveness of U.S. innovation, however, could largely depend on the ability of biotechnology companies to remain in business.Advertising Looking for research paper on other technology? Let's see if we can help you! Get your first paper with 15% OFF Learn More Because biotechnology is capital concentra ted, staying in business means raising significant amounts of money. Start-up companiesââ¬â¢ primary need for cash, together with the desire of venture capitalists in the United States to benefit from the manufacture of high-value-added products (based on innovative technology) have led to the financial communityââ¬â¢s substantial involvement in the formation of biotechnology-based firms.4 The United States has led the world in the commercial development of biotechnology because of its strong research base most visibly in biomedical sciences, and the capacity of entrepreneurs to finance their ideas. During the early 1980s, an amalgamation of large scale Federal funding for basic bio-medical research, publicity surrounding commercial potential, and readily available venture capital funding gave way to the formation of numerous dedicated biotechnology companies (DBCs).5 Dedicated biotechnology companies are almost exclusively a U.S. experience as no other country has a distantly comparable number. Biotechnology companies are created specifically to take advantage of the business potential of biotechnology. These companies generally start as research companies with science and technology but without products. They do not undertake RD on practically so wide a scale as established companies. Instead, they focus on definite technologies, particular products, and position markets. The companies must finance the preliminary costs of infrastructure development-including buildings, plants, equipment, and people without the advantage of internally generated revenues. They rely on venture capital, stock offerings, and rapport with established companies for their financing needs.6 Apart from venture capitalists, the federal government has played a vital role in catalyzing U.S. RD efforts. Indeed, the U.S. is the only country in the world that is known to have an integrated national effort focused on biotechnology. The biotechnology sector has enjoyed strong, bipartis an support from the executive branch, the House of Representatives, and the Senate. Each year, the President has proposed increased funding for federal biotechnology RD, and each year Congress has provided supplementary funding.Advertising We will write a custom research paper sample on Biotechnology Development and the U.S. Economic Hegemony specifically for you for only $16.05 $11/page Learn More Over the years, the congress is believed to have utilized a total of $9 billion for biotechnology RD intended to bolster continued U.S. technological leadership and to sustain the technologyââ¬â¢s development, with the long-term objective of creating high-wage jobs, bolstering economic growth, and wealth creation.7 This has also been for the purpose of addressing vital national needs, renewing U.S. manufacturing leadership and advancing health, the environment, and the overall quality of life.8 National RD investment is an input measure that may give some per spective on how successful a country and the organizations within the nation may become in generating scientific knowledge that can lead to innovative products and processes. However, the long-term value of these investments may be influenced by a range of factors such as: the ability of the scientists carrying out the RD and the tools available to them; the effectiveness of the system (i.e., businesses, supply chains, infrastructure, innovation, climate and government policies) for interpreting RD outcomes into commercial products; the fields of biotechnology pursued; the balance in fundamental research, applied research and development efforts.9 The United States has led and continues to lead, all countries in public investments in biotechnology RD.10 However, the estimated U.S. allocation of global public RD investments in biotechnology has dropped as other nations have come up with similar programs and increased funding. In the closing decade of the 20th century, many nations fo llowed the U.S. example and established formal national biotechnology programs in recognition of the potential contributions that biotechnology may offer for economic growth, job creation, and public health and safety.11 Indeed, a recent research estimates that the total 2005 public global R$D investments increased 10% over the 2004 level, reaching $6.4 billion. International investment levels can be contrasted using varying methods, producing significantly different perspectives on leadership.Advertising Looking for research paper on other technology? Let's see if we can help you! Get your first paper with 15% OFF Learn More For example, using a currency exchange rate comparison, the United States ranks ahead of all others, with federal and state investments of $1.78 billion in 2005 (27.8% of global public a RD investments), followed by Japan ($975 million, 15.2%) and Germany ($563 million, 8.8%). When national investments are regulated using purchasing power parity (PPP) exchange rates (which seek to balance the purchasing power of currencies in different nations for a given basket of goods and or services), China ranks second in public biotechnology spending in 2005 at $906 million, behind only the united states. Japan drops to third as its PPP-regulated investment drops to $889 million.12 This shows that the United States still maintains the leadership in relation to public investment in biotechnology. Apart from public investments, private investments in biotechnology development come from two major sources, corporation and venture capital investors. Internationally, organizations invested an estima ted $5.3 billion in biotechnology research and development in 2005.13 This figure represents a 19% raise over the 2004 estimate, a growth rate nearly double that of international public research and development. This apparent rise of growth in corporate research and development is undoubtedly an indicator that biotechnology research has attained commercial development. As with public research and development investments, on a PPP comparison basis, the United States led the rest of the world with a projected $1.9 billion investment. In the second position was Japan with $1.7 billion in private investment in biotechnology RD. Statistics show that the private investments of companies based in these two countries account for almost three-fourths of private investment in biotechnology RD in 2005. Additionally, venture capital investment, which is the primary financier of start-up organizations, provides another possible indicator of U.S. international competitiveness. In 2007, venture ca pital for biotechnology reached an estimated $702 million internationally of which U.S.-based organizations received $632 million translating to 90% of the total funding.14 Another indicator of gauging a countryââ¬â¢s competitive position is in the assessment of the number of patents issued to individuals or institutions of that country.15 According to the U.S. Patent and Trade Office (USPTO), a patent awards ownership rights to a person who ââ¬Å"invents or discovers any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof.â⬠16 By this definition, patents are undoubtedly an indicator of future value and national might in a technology, product or industry. By this measure, the United States position seems to be very strong. United States assignees lead all other countries in patents issues by the USPTO. According to an examination by the USPTO of patents in the United States and in other countries, U.S. origin i nventors and owners have the most biotechnology-related U.S. patents by a wide margin and the most biotechnology-related patent publications internationally, but by a slimmer margin. Additionally, the USPTO analysis established that U.S. assignees have the most biotechnology-related inventions that have patent publications in three or more countries. The figure placed at 31.7% is a strong indication of a more aggressive pursuit of international intellectual property protection and, by supposition, of its professed potential value. By this measurement, the United States is followed by Japan (26.9%), Germany (11.3%), Korea (6.6%), and France (3.6%).17 There has been quick growth in biotechnology patents in the USPTO and European Patent Office (EPO) patent databases. A study conducted in 2007 established that the number of U.S. biotechnology patents in the USPTO and EPO databases grew at a close exponential pace between 1980 and 2004. The study showed that each year from 1990, U.S. ass ignees have taken up an approximate of two-thirds of all patents in the USPTO database. In 2004, U.S. assignees took up 66.9% of USPTO biotechnology patents. An earlier examination of USPTO data, covering patents from 1976 to 2002 also indicated U.S. biotechnology patent leadership, with the United States accounting for over 67% of patents, followed by Japan, Germany, France, and Canada.18 Although patents have shortcomings when it comes to assessing future competitiveness in terms of economic gains, there is no doubt that, the United States is leading in this area. If the recent trend is anything to go by, then there is no doubt that the U.S. will maintain its competitive edge in biotechnology development.19 Conclusion Biotechnology, both as a scientific art and commercial entity is just slightly above two decades old. In that short period, however, it has changed the way scientists perceive living matter and has led to research and development that may lead to commercialization of products that can dramatically bolster human and animal health, the food supply, and the quality of the environment. Developed mainly in U.S. laboratories, many applications of biotechnology are now viewed by companies and governments throughout the world as essential for economic growth in several, seemingly different industries. Since its development, the U.S. has maintained its competitiveness in this crucial sector of the economy. With other nations emerging as serious competitors in this field, the question of whether the U.S. can maintain its competitiveness has remained a question among many people. However, if the available statistics are anything to go by, then there is no doubt that the U.S. will continue holding on to its current position as a world leader in the biotechnology industry. Bibliography Acharya, Rohini.à The Emergence and Growth of Biotechnology. Cheltenham: Edward Elgar, 1994. Arrighi, Giovanni and Beverly Silver. Chaos and Governance in the Modern World -System: Comparing Hegemonic Transitions. Minneapolis: University of Minnesota Press, 1999. Bergesen, Albert and John Sonnett. ââ¬Å"The Global 500: Mapping the World Economy at Centuryââ¬â¢s End.â⬠American Behavioral Scientist 44 (2001):1602-1615. Hacking, Andrew.à The Economic Aspects of Biotechnology. Cambridge: Cambridge University Press, 1986. Kealey, Terrence. The Economic Laws of Scientific Research. New York: St. Martinââ¬â¢s Press, 1996. Li, Xin and Lin Yiling. ââ¬Å"Worldwide Biotechnology Development: A Comparative Study of USPTO, EPO, and JPO Patents-1976-2004.â⬠Journal of Biotech Research 9, (December 2007): 231-240. Maddison, Angus. Monitoring the World Economy, 1820-1992. Paris: Organization for Economic Cooperation and Development, 1995. Powell, Walter. ââ¬Å"Inter-organizational Collaboration in the Biotechnology Industry.â⬠Journal of Institutional and Theoretical Economics 120 (1996):197-215. Sassen, Saskia. The Global City:à New Yo rk, London, Tokyo (Princeton:à Princeton University Press, 2001) 26-31. Taylor, Peter. The Way the Modern World Works: World Hegemony to World Impasse. New York: Wiley, 1996. Footnotes Rohini Acharya, The Emergence and Growth of Biotechnology (Cheltenham: Edward Elgar, 1994), 60. Andrew Hacking, The Economic Aspects of Biotechnology (Cambridge: Cambridge University Press, 1986) 79-86. Ibid. Saskia Sassen, The Global City:à New York, London, Tokyo (Princeton:à Princeton University Press, 2001) 47-50. Angus Maddison, Monitoring the World Economy, 1820-1992 (Paris: Organization for Economic Cooperation and Development, 1995) 5-10. Ibid, 7. Ibid, 10. Peter Taylor, The Way the Modern World Works: World Hegemony to World Impasse (New York: Wiley, 1996) 81-90. Ibid, 84. Giovanni Arrighi and Silver Beverly, Chaos and Governance in the Modern World-System: Comparing Hegemonic Transitions (Minneapolis: University of Minnesota Press, 1999) 72. Ibid. Albert Bergesen and Sonnett John, ââ¬Å"The Global 500: Mapping the World Economy at Centuryââ¬â¢s End.â⬠American Behavioral Scientist 44 (2001): 1602-1615. Xin Li and Yiling Lin, ââ¬Å"Worldwide Biotechnology Development: A Comparative Study of USPTO, EPO, and JPO Patents-1976-2004.â⬠Journal of Biotech Research 9, (December 2007): 231-240. Ibid, 232. Ibid, 233. Terrence Kealey, The Economic Laws of Scientific Research (New York: St. Martinââ¬â¢s Press, 1996) 12-20. Li and Lin, Journal of Biotech Research, 236. Ibid, 239. Walter Powell, ââ¬Å"Inter-organizational Collaboration in the Biotechnology Industryâ⬠Journal of Institutional and Theoretical Economics 120 (1996):197-215.
Sunday, October 20, 2019
Systems of Equations in SAT Math Algebra Prep and Practice
Systems of Equations in SAT Math Algebra Prep and Practice SAT / ACT Prep Online Guides and Tips Sure, youââ¬â¢ve done your paces on single variable equations and now theyââ¬â¢re no problem, but what do you do when presented with multiple equations and multiple variables at once? These are what we call ââ¬Å"systems of equationsâ⬠and, luckily for us, they are extremely predictable types of problems with multiple methods for solving them. Depending on how you like to work best, you can basically choose your own adventure when it comes to system of equation problems. But before you choose the method that suits you (or the individual problem) best, letââ¬â¢s look at all the various options you have available as well as the types of questions youââ¬â¢ll see come test day. These questions will always show up once or twice on any given test, so it's best to understand all the strategies you have at your disposal. This will be your complete guide to systems of equations questions- what they are, the many different ways for solving them, and how youââ¬â¢ll see them on the SAT. What Are Systems of Equations? Systems of equations are a set of two (or more) equations which have two (or more) variables. The equations rely on each other and can be solved only with the information that each provides. The majority of the time on the SAT, you will see a system of equations that involves two equations and two variables, but it is certainly not unheard of that you will see three equations and/or a three variables, in any number of combinations. Systems of equations can also be solved in a multitude of ways. As always with the SAT, how you chose to solve your problems mostly depends on how you like to work best as well as the time you have available to dedicate to the problem. The three methods to solve a system of equations problem are: #1: Graphing#2: Substitution#3: Subtraction Let us look at each method and see them in action by using the same system of equations as an example. For the sake of our example, let us say that our given system of equations is: $$2y + 3x = 38$$ $$y - 2x = 12$$ Solving Method 1: Graphing There will only ever beonesolution for the system of equations, and that one solution will be the intersection of the two lines.In order to graph our equations, we must first put each equation into slope-intercept form. If you are familiar with lines and slopes, you know that slope intercept-form looks like: $y = mx + b$ So let us put our two equations into slope-intercept form. $2y + 3x = 38$ $2y = -3x + 38$ $y = {-3/2}x + 19$ And $y - 2x = 12$ $y = 2x + 12$ Now let us graph each equation in order to find their point of intersection. Once we graphed our equation, we can see that the intersection is at (2, 16). So our final results are: $x = 2$ and $y = 16$ Solving Method 2: Substitution In order to solve our system of equations through substitution, we must isolate one variable in one of the equations and then use that found variable for the second equation in order to solve for the remaining variable. For example, we have two equations, $2y + 3x = 38$ $y - 2x = 12$ So let us select just one of the equations and then isolate one of the variables. In this case, let us chose the second equation and isolate our $y$ value. $y - 2x = 12$ $y = 2x + 12$ Next, we must plug that found variable into the second equation. (In this case, because we used the second equation to isolate our $y$, we need to plug in that $y$ value into the first equation.) $2y + 3x = 38$ $2(2x + 12) + 3x = 38$ $4x + 24 + 3x = 38$ $24 + 7x = 38$ $7x = 14$ $x = 2$ And finally, you can find the numerical value for your first variable ($y$) by plugging in the numerical value for your second variable ($x$) into either equation. $2y + 3x = 38$ $2y + 3(2) = 38$ $2y + 6 = 38$ $2y = 32$ $y = 16$ Or $y - 2x = 12$ $y - 2(2) = 12$ $y - 4 = 12$ $y = 16$ Either way, you have found the value of both your $x$ and $y$. Again, $x = 2$ and $y = 16$ Solving Method 3: Subtraction As the last method for solving systems of equations, you can subtract one of the variables completely in order to find the value of the second variable. We do this by subtracting one of the entire equations from the other, complete, equation. Do take note that you can only do this if the variables in question (the one you wish to eliminate) are exactly the same. If they are NOT the same, then we must first multiply the entire equation by the necessary amount in order to make them the same. In the case of our two equations, none of our variables are equal. $2y + 3x = 38$ $y - 2x = 12$ In this case, let us decide to subtract our $y$ values and cancel them out. This means that we must first make them equal by multiplying our second equation by 2, so that both $y$ values match. $2y + 3x = 38$ $y - 2x = 12$ Becomes: $2y + 3x = 38$ (This first equation remains unchanged) And $2(y - 2x = 12)$ = $2y - 4x = 24$ (The entire equation is multiplied by 2) And now we can cancel out our $y$ values by subtracting the entire second equation from the first. $2y + 3x = 38$ - $2y - 4x = 24$ $3x - -4x = 14$ $7x = 14$ $x = 2$ Now that we have isolated our $x$ value, we can plug it into either of our two equations to find our $y$ value. $2y + 3x = 38$ $2y + 3(2) = 38$ $2y + 6 = 38$ $2y = 32$ $y = 16$ Or $y - 2x = 12$ $y - 2(2) = 12$ $y - 4 = 12$ $y = 16$ Our final results are, once again, $x = 2$ and $y = 16$. Though there are many ways to solve your problems, don't let this knowledge overwhelm you; with practice, you'll find the best solving method for you. No matter which method we use to solve our problems, a system of equations will either have one solution- meaning that each variable will have a numerical value attached- no solution, or infinite solutions. In order for a system of equations to have infinite solutions, each system is actually identical. This means that they are the same line. In order for a system of equations to have no solution, the $x$ values will be equal when the $y$ values are set to 1 (which means that both variables- $x$ and $y$- will be equal). The reason this is true is that it will result in two parallel lines, as the lines will have the same slope. The system has no solution because the two lines will never meet and therefore have no point of intersection. For instance, Because our system will have no solution when both our $y$ values and our $x$ values are equal, this means that there will be no solution where we have eliminated both our variables by canceling them out. In this case, the most expedient solution to this problem will be subtraction. Why? We can see this because the two $x$ values ($2x$ and $4x$) are multiples of one another, so we can easily multiply one equation in order to equal them out. $2x - 5y = 8$ $4x + ky = 17$ Now, let us multiply the top equation in order to equal out our $x$ values. So the system pair, $2(2x - 5y = 8)$ $4x + ky = 17$ Becomes, $4x - 10y = 16)$ - $4x + ky = 17$ $-10y - ky = -1$ In order to have NO solution, our two $y$ values must balance out to zero. So let us set our two $y$ values equal to one another: $-10y - ky = 0$ $-ky = 10y$ $k = -10$ Our $k$ valuemust be -10 in order for our system of equations to have no solution. Our final answer is A, -10. [Note: donââ¬â¢t fall for the bait answer of +10! You are still subtracting your system of equations, so keep close track of your negatives.] Also, if it is frustrating or confusing to you to try to decide which of the three solving methods ââ¬Å"bestâ⬠fits the particular problem, donââ¬â¢t worry about it! You will almost always be able to solve your systems of equations problems no matter which method you choose. For instance, you could have also chosen to graph this question. If you had done so, you would first have to put each equation into slope-intercept form: $2x - 5y = 8$ $4x + ky = 17$ $2x - 5y = 8$ $-5y = -2x + 8$ $y = 2/5(x) + 8$ And $4x + ky = 17$ $ky = -4x + 17$ $y = {-4/k}(x) + 17$ Now, we know a system of equations will have no solution only when each variable balances out to zero, so let us equate our two $x$ variables in order to solve for $k$. $2/5(x) = {-4/k}(x)$ $2/5 = {-4}/k$ ${2k}/5 = -4$ $2k = -20$ $k = -10$ Again, our $k$ value is -10. Our final answer is A, -10. As you can see, there is never any ââ¬Å"bestâ⬠method to solve a system of equations question, only the solving method that appeals to you the most. All roads lead to Rome, so don't stress yourself by trying to find the "right" solving method for your systems problems. Typical Systems of Equations Questions Most systems of equations questions on the SAT will let you know that it IS a systems of equations by explicitly using the words ââ¬Å"systems of equationsâ⬠in the question itself. (We will walk through how to solve this question later in the guide) Other problems will simply present you with multiple equations with variables in common and ask you to find the value of a one of the variables, or even a combination of the variables (such as the value of $x + y$ or $x - y$). (We will walk through how to solve this question later in the guide) And finally, the last type of systems of equation question will ask you to find the numerical value of a variable in which there is NO solution, as with the example from earlier. Want to learn more about the SAT but tired of reading blog articles? Then you'll love our free, SAT prep livestreams. Designed and led by PrepScholar SAT experts, these live video events are a great resource for students and parents looking to learn more about the SAT and SAT prep. Click on the button below to register for one of our livestreams today! Strategies for Solving Systems of Equations Questions All systems of equations questions can be solved through the same methods that we outlined above, but there are additional strategies you can use to solve your questions most accurately and expediently. #1: To begin, find the variable that is already the most isolated The ultimate goal is the find the value of all the variables, but we can only do this by finding one variable to start with. The easiest way to solve for this one variable isolate (or eliminate) the variable that has the fewest coefficients or is seemingly the most isolated. For instance, $5x - 3y = -13$ $2x + y = 19$ If we are using substitution, it is easiest for us to first isolate the $y$ value in our second equation. It is already the most isolated variable, as it does not have any coefficients, and so we will not have to deal with fractions once we replace its value in the first equation. If, on the other hand, we were using subtraction, it is still best to target and eliminate our $y$ values. Why? Because we have $3y$ and $y$, which means that we only have to multiply the second equation by 3 in order to match up our $y$ values. If we were to target and eliminate our $x$ values, we would have to multiply both equations- the first by 2 and the second by 5- in order to make our $x$ values match. Though you can always find your solutions no matter which variables you choose to isolate or eliminate, it's always nice to save yourself the time, energy, and hassle (not to mention avoid possible mistakes) by going for the easy pickings first. #2: Practice all three solving methods to see which one is most comfortable to you The best way to decide which system of equation solving method suits you the best is by practicing on multiple problems (though it will help your flexibility if you can become comfortable using all the solving methods available, even if one or two suit you better than the other(s)). When you test yourself on systems questions, try to solve each one using more than one method in order to see which one is most comfortable for you personally. #3: Use subtraction for questions that require finding more than just one variable Most ââ¬Å"multiple variable solveâ⬠systems of equations questions will ask you to find $x + y$ or $x - y$, which will almost always be most easily found via the subtraction method. It is also most useful to use the method of subtraction when we have three or more variables, especially when it is a combination of multiple variables AND three or more variables. We will see this kind of problem in action in the next section. Ready to tackle your systems problems and put your strategies to the test? Test Your Knowledge Now let us test your system of equation knowledge on real SAT math questions. 1. 2. 3. Answers: 300, E, 12 Answer Explanations: 1. As we outlined in our strategy section, it is almost always easiest to find the value of multiple variables by using the method of subtraction (though, again, it is not the only way). We are restricted somewhat, though, as we have three variables and only two equations. Why is this important? Well, we can find the individual values for each variable if we have the same number of equations as we have variables, but in this case we do not. This means we need to use a solution that will give us $x + y$, since we cannot find the value of $x$ or $y$ alone. So let us use subtraction. To do this, we must subtract like variables and, luckily for us, both equations have a single $x + y$ value. This means we can isolate our variable $z$. $x + y + 3z = 600$ $x + y + z = 400$ So let us subtract them. $x + y + 3z = 600$ - $x + y + z = 400$ - $2z = 200$ $z = 100$ Now that we have the value of $z$, we can replace it in either of the equations in order to find the value of $x + y$. Because it is always easiest to use the most isolated variable (less math involved for us!), let us our second equation to plug in our $z$ value into. $x + y + z = 400$ $x + y + 100 = 400$ $x + y = 300$ Our final answer for the value of $x + y$ is 300. Do note, however, that if you would much prefer to use substitution, you can definitely do so. Because we are trying to find $x + y$, let us isolate it as our wanted variable in one of our equations. $x + y + 3z = 600$ $x + y + z = 400$ Let us use our first equation. $x + y + 3z = 600$ $x + y = 600 - 3z$ And now we can substitute our $x + y$ value into our second equation. $x + y + z = 400$ $(600 - 3z) + z = 400$ $600 - 2z = 400$ $-2z = -200$ $z = 100$ Now that we have found our value for $z$, we can plug it into either equation to find the numerical value for our $x + y$. Let us use the second equation to do so. Why the second? Because each value is already the most isolated and so will be easiest to work with, but each question will work either way. $x + y + z = 400$ $x + y + 100 = 400$ $x + y = 300$ Again, our final answer is $x + y = 300$ As you can see, any method will suit you- it just depends on how you like to work. 2. Again, though not the only way to solve our problem, it is easiest to use subtraction when we have three or more variables in our equations or we are trying to find a combination of variables (in this case, the value of $y + z$). In this case, we have both, so let us use subtraction. $3x + 2y + 2z = 19$ $3x + y + z = 14$ Our $x$ values are identical, so let us simply subtract the second equation from the first. $3x + 2y + 2z = 19$ - $3x + y + z = 14$ - $y + z = 5$ Our final answer is E, $y + z = 5$ 3. In this case, let us use the method of substitution in order to isolate one of our values and plug it into one of the other equations in our system. The equations we are given are: $x = 3v$ $v = 4t$ $x = pt$ $v$ is already isolated, so let us plug it back into our first equation. $v = 4t$ $x = 3v$ $x = 3(4t)$ $x = 12t$ Now, we are also told that $x = pt$, so we can equate the two expressions. $x = 12t$ $x = pt$ $12t = pt$ Because 12 and $p$ both act as coefficients (numbers before a variable) for $t$, we can see that they are equal. This means that $p = 12$ Our final answer is 12. You did it! Balloons and confetti for you! The Take-Aways As you can see, systems of equations are some of the most versatile problems when it comes to methods for solving them (though the problems themselves are not terribly varied). Though you can solve many problems on the SAT in a variety of ways, most are not quite so flexible, so take heart that you have many choices for how to proceed for your systems of equations questions. Once you practice and familiarize yourself with these types of questions, youââ¬â¢ll find the best method for you- your strengths, and your timing- for taking the test. And pretty soon, youââ¬â¢ll be able to knock out systems of equations questions in multiple ways, blindfolded, and with hands behind your back (though why you would want to is, frankly, anyoneââ¬â¢s guess). Whatââ¬â¢s Next? Systems were a snap, you say? You're ready for math problems, you say? Well lucky you! We have more math guides than you can shake a stick at, all of which cover crucial aspects of the SAT math section. Lines and angles, polygons, integers, ratios...any topic you need to brush up on is at your fingertips, so make the best of your study time and energy and target any of your known problem areas before test day. Want to know the most valuable strategies for SAT math problems? Check out our guides on plugging in answers and plugging in numbers to help finesse the vast majority of your SAT math questions. Looking to get a perfect score? Look no further than our guide to getting a perfect 800 on the SAT math section, written by a perfect-scorer. Want to improve your SAT score by 160 points? Check out our best-in-class online SAT prep program. We guarantee your money back if you don't improve your SAT score by 160 points or more. Our program is entirely online, and it customizes what you study to your strengths and weaknesses. If you liked this Math strategy guide, you'll love our program.Along with more detailed lessons, you'll get thousands ofpractice problems organized by individual skills so you learn most effectively. We'll also give you a step-by-step program to follow so you'll never be confused about what to study next. Check out our 5-day free trial:
Saturday, October 19, 2019
Increased Empowerment Of The American Non-Commissioned Officer Essay
Increased Empowerment Of The American Non-Commissioned Officer - Essay Example This paper shall focus on the increased empowerment of the American Non-commissioned officer over time. The paper shall, also discuss the fundamental causes and consequences of the shift in responsibilities of the NCOs down the chain of command. Moreover, the paper shall discuss how well the US military is prepared or not prepared for the ever increasing burdens of responsibility. Finally, I shall give my opinion of whether or not this trend shall continue. For one to understand the ever increasing empowerment of the American Non-commissioned officer, it is essential to review the history behind it. The history of the NCO in the United States can be traced back in 1775 with the dawn of the Continental army. This officer did not copy Britain, but just like the American army, he blended French, Prussian, and British army traditions into a unique American institution (Bland, 2009). The development of change in the organization and action of the military offers an insight into the transfer of ultimate power and responsibilities down the succession of command. As much as the empowerment of the NCO is ever increasing, it is arguable that there is more room for further advancement for the military. There are several factors that have contribute to the increased empowerment of the non-commissioned officer in America, however, this paper shall focus on the three most important; advanced training opportunities, fighting strategies, and military d octrine (Bland, 2009). Advanced training opportunities It has constantly been argued that knowledge is power. This holds true considering the ever increasing empowerment of the American NCO. It is true that technical skills and leadership training are essential for a successful and affective NCO. Before the publicized training manuals for NCO, the only available training was on-the-job training (Fisher, 1994). Professional education was unknown for NCOs except the constant instructions received from company commanders. All leadership skills were practically learned during operations. Today, however, skills in leadership are taught continuously providing proper decision-making for trainees. The training required to make use and maintain complex battle equipment during the First World War initiated the technically advanced field training that paved way for a leadership role. Advanced training was essential for medical services, artillery, as well as other military operation areas. Wit h time, technology grew as wars became more sophisticated. As a result, leadership demands for NCO also grew. General John Pershing recommended that NCO receive a formal training, a suggestion that sparked the NCO academy system in the 1950s (Fisher, 1994). Later, a Non-commissioned officer Candidate Course was created that trained NCOs in combat arms. The NCOââ¬â¢s Educational System put a formal training system that educated both men and women. Fighting strategies Battle history evidences that the constant changes in fighting led to the evolution of the NCO as a leader in the military. In the early days of
Friday, October 18, 2019
The Dream is now Essay Example | Topics and Well Written Essays - 500 words
The Dream is now - Essay Example One of my friends has completed his university studies last year but up to date he is unable to secure any job of his dream in the government or high ranking agencies in this country. This is because his status of being undocumented. Hence, end up settling for less than what all through he has worked hard and smart to do in life, which is quite a disappointing. In most cases, this has prompted him to struggle financially as he tries to cater for varied expenses, which if he was employed like any other said documented citizens life to him would have been quite easy. Based on my experience and what I have learnt through this 30-minutes video, undocumented immigrants face utter segregation when it comes to employment opportunities. This is despite having gone through extremely demanding learning process entailing not only financial commitments but also oneââ¬â¢s time. It is quite demoralizing especially when one all through has studied and excelled but he or she cannot manage to secure a good employment opportunity with the government as well as its agencies. This is despite both the regime and its agencies having such openings for fresh graduates but those recruit cannot dare think of undocumented candidates having the required skills and expertise. In addition, these undocumented immigrants despite having excelled well in high school, higher institutions cannot take them. Hence, end up making them undergo extremely tedious and demoralizing processes if they ever secure a chance in those institutions. In most cases, this goes to the extent of some candidates giving up in life if they are not strong willed. After watching this film, I learnt those in high offices especially from both sides of the influential political parties only careless about the undocumented. This is by coming into a consensus of what ought to be done in
Discussion 18 Coursework Example | Topics and Well Written Essays - 250 words
Discussion 18 - Coursework Example Despite that Nixon got to convince the audience of his transparency, he never made it obvious on how he spent the funds. The main goal of Nixon is hiding along, benefit from the public funds but retain the innocent look. He actually succeeded and this was to be seen in his rise to power in the following general elections. In 1968, the presidential candidate, Nixon, used his age as the factor to becoming the president of USA. In his argument, the majority of the countryââ¬â¢s population was made of the young and therefore needed a young leader. In his argument, the young people makes the most productive population in the country and so did him. The fallacy was used to lure the young voters to think in favor of the candidate based on his age but not his potential performance (Vleet 33). It was used as a masqueraded argument where even the old were convinced that their children would flourish under the leadership of Nixon. Fallacies influence the hearer in making the wrong decision towards the topic. The hearer is tempted to think that the talker has all the solutions for his or her issues. Fallacies mislead the people as they are convinced by the wrong messages. Fallacies remind me of the presidential race between Obama and Romney. Romney used figures to attack Obama instead of showing his strengths in leading the country for the better
Financial Accounting Essay Example | Topics and Well Written Essays - 1250 words - 3
Financial Accounting - Essay Example In 2003, the Financial Reporting Council adopted a combined code of two reports, one of which covered the non-executive directorââ¬â¢s role and how they should dispense their duties in an ethical way, while the other gave guidelines on the conduct of audit committees. With time, various amendments have been made on the 2003 Combined Report, and in 2010, the Financial Reporting Council adopted the UK Code on Corporate Governance that provides the guidelines on how the listed companies in the London Stock Exchange should conduct themselves when representing their shareholders. This paper aims at discussing the concepts contained in the code of conduct adopted on 29th June 2010, while giving a special focus on the duties and responsibilities of Non-executive directors, referring to the 2003 and the 2010 versions of The Code of Conduct. Non-executive directors of a company do not take part in the executive work of the team and are not part of the employees of the company (Walter & Shilling 2009, p. 25-28). The Governance Code obliges the directors to adhere to the financial reporting standards while representing their companies, and show accountability and prudence while doing this (Hamill et al. 2010, p. 56-59). The mode of reporting as outlined in the code of conduct requires the company to state how it effectively applies the supporting principles and the provisions, stating whether they comply with the provisions in the code of conduct or not (Ryan, 2004, p. 16). The code separates the duties of the chairperson with those of the chief executive officer, and gives the appropriate ratio of the non-executive directors and who should be incorporated in the board committees. Companies must be headed by a Board of Directors, who oversees the overall operations of the company, holding them liable for any misrepresentation of the investors, and the losses that may thus occur in such an event. According to Halbert and Ingulli (2011, p. 30), the directors of a
Thursday, October 17, 2019
Ministry Integration Project Research Paper Example | Topics and Well Written Essays - 1500 words
Ministry Integration Project - Research Paper Example This act of modeling Christ Jesus in our own personal lives can serve as the strongest witness over whatever is preached in the pulpit. On the other hand, a single pastor is the symbol of integrity and celibacy in the presence of too many temptations in the world. That said, a married pastor that experiences chaos in his family life will act as a bad influence and at the same time be destructive to the congregation that they are ministering to and hence hinder his role and purpose as the Lordââ¬â¢s witness to the rest of the world. Pastorââ¬â¢s and to the larger extent Christians ought to have it together in their personal and family lives so as to act as a good example to the rest of the population that is composed of non- believers and believers of other faiths. A chaotic pastorââ¬â¢s or Christianââ¬â¢s life will offer little incentive to the non-believer since they will not see the need to substitute their current life with a chaotic life in the name of non-believers. A Christian leader who does not have any organized love and family relationship will not command any respect from his congregation since they will not hold him in such high regard. In the real world, families are not always perfect and this does not exclude the pastorââ¬â¢s family as well. There always tends to be conflict in married life. With this said, the minister always has a higher or greater responsibility to ensure that his marriage and family always tend to work even in the face of all these problems that afflict most if not every family. The minister of the church will always have a much greater responsibility in bringing up his children in the way of the Lord and also with respect and Love. This aspect does not mean that his family is expected to be perfect, but it means that he should handle his family problems with integrity and maturity so as to end up in the end with a united family as well as a
Prostate Essay Example | Topics and Well Written Essays - 500 words
Prostate - Essay Example Similarly, diabetes cases are at an amazing. Though there is no apparent relation between prostate cancer and diabetes. However, recent research has shown that type 2 diabetes cases in men often lead to prostate cancer . "These distressing numbers show how important it is to prevent type 2 diabetes since there is a slight chance of diabetics developing prostate cancer," said Ann Albright, director of the diabetes translation division at CDC, in a statement. "We know that a structured lifestyle program that includes losing weight and increasing physical activity can prevent or delay type-2 diabetes." Available data suggests that the prostate cancer rates have shot up greatly since 2008 to about 20 percent. If this trend continues, nearly a fifth of the entire male U.S. population will eventually be ailing. At the moment, 8.3 percent of all Americans, and 11.3 percent of people over the age of 40, now have the disease. What is even more alarming is that 27% of patients are not even aware of their condition. If we closely assess the trend, we find that the rates of prostate cancer in America are expected to rise further in the years to come . There are many risk factors for prostate cancer. These include alcohol intake, high blood pressure, obesity, lifestyle changes, eating unhealthy foods especially high-fat diets and high fat levels in the blood. Ethnicity is also a major contributing factor for prostate cancer. Certain groups have a greater risk of developing prostate cancer than non-Hispanic whites. They include which include as Native Americans, Hispanic Americans, African Americans, and Japanese Americans. Another risk factor is aging. At a later age of 45, the risk for prostate cancer begins to rise substantially. However, the risk is higher at the age of 65. Apart from physical lifestyle changes, natural medicines like almonds and green leafy vegetables exist. These help to prevent and treat prostate cancer when added into the diet. Together with
Wednesday, October 16, 2019
Ministry Integration Project Research Paper Example | Topics and Well Written Essays - 1500 words
Ministry Integration Project - Research Paper Example This act of modeling Christ Jesus in our own personal lives can serve as the strongest witness over whatever is preached in the pulpit. On the other hand, a single pastor is the symbol of integrity and celibacy in the presence of too many temptations in the world. That said, a married pastor that experiences chaos in his family life will act as a bad influence and at the same time be destructive to the congregation that they are ministering to and hence hinder his role and purpose as the Lordââ¬â¢s witness to the rest of the world. Pastorââ¬â¢s and to the larger extent Christians ought to have it together in their personal and family lives so as to act as a good example to the rest of the population that is composed of non- believers and believers of other faiths. A chaotic pastorââ¬â¢s or Christianââ¬â¢s life will offer little incentive to the non-believer since they will not see the need to substitute their current life with a chaotic life in the name of non-believers. A Christian leader who does not have any organized love and family relationship will not command any respect from his congregation since they will not hold him in such high regard. In the real world, families are not always perfect and this does not exclude the pastorââ¬â¢s family as well. There always tends to be conflict in married life. With this said, the minister always has a higher or greater responsibility to ensure that his marriage and family always tend to work even in the face of all these problems that afflict most if not every family. The minister of the church will always have a much greater responsibility in bringing up his children in the way of the Lord and also with respect and Love. This aspect does not mean that his family is expected to be perfect, but it means that he should handle his family problems with integrity and maturity so as to end up in the end with a united family as well as a
Tuesday, October 15, 2019
Australian business law Essay Example | Topics and Well Written Essays - 1500 words
Australian business law - Essay Example The law of contract is perhaps one of the most important dimensions of the whole legal systems of any country. In Australia, a contract of Law, as in other countries, is concerned with the regulation of agreements, especially in relation to the exchange of goods and services for money or other considerations like goods or services. The law of contract, an important branch of Common Law, plays vital role in vesting legally enforceable rights in each party against the other party. The law of contract also states about the corresponding liabilities of both the parties and its impacts on both partiesââ¬â¢ legal rights as well. This piece of paper presents a law-case analysis in relation to the main elements of contract including offer, acceptance and breach of contract. This paper analyzes whether a person, who entered in to contract and unknowingly breached the contents, will be legally rightful to claim and the other party will be legally liable for it. Anthony kept his laptop value d $3000 in a cloak room while he visited a casino. When he gave it to the cloak room, he was given a document. He signed on the bottom half of the document and top half has been given to him. He noticed that the bottom half of it has writing below the area identified for his signature, but he didnââ¬â¢t read it. He placed the top half of the document in his pocket and was lost while walking around the casino. When he claimed his laptop from the cloak room, he was told that his laptop has already been taken by somebody else. The writing, which he hasnââ¬â¢t read while signing, was stating that ââ¬Å"The casino takes no responsibility for any loss incurred by the person(s) depositing goods into this cloak room whether by any act or omission of the casino, its employees or agentsâ⬠. There has been a valid contract between Anthony and cloak room, including offer and acceptance. Anthony has accepted that cloak room is not responsible for any loss due to his mistake. While bot h these parties entered in to the contract, Clock room offering the safe-custody service and Anthony accepting it, clock room put a condition and Anthony signed on it, without carefully noticing what in it. The legal perspectives of this case will be detailed below: Case Analysis The elements of the law of contract The contract usually consists of basic three elements, offer and acceptance, consideration and intention to enter in to the legal relation between the parties1. There is no valid contract unless there are agreements between two or more persons. Offer and acceptance between two or more parties make a legal contract. Consideration is that each party in the contract has agreed to do some thing on behalf of the other. Normally speaking, it is the price one pays or agrees to pay to the other for the bargain. As its third element, the contract would be valid only if both the parties have intended to enter in to the contract while they entered2. When it comes to the case of Anth ony and Cloak room, it can be found that there has been a valid contract between both the parties. Cloak room has agreed that they will keep his Laptop valued $3000 until he demands. There were offer and acceptance between them too. Cloak room offered their service of keeping things in safe custody and Anthony accepted it for a certain consideration. Both the parties were in true intention to enter in to this legal contract as well. The contract between Anthony and Cloak room was therefore merely legally valid and genuine. According to the contract, Anthony must get back his laptop on his request. But, he didnââ¬â¢t get it back due to that he missed the document and that has been used by some one else to collect his laptop. During the contract being made, cloak room has put a condition that he must bring the document back to claim his belongings and he signed on the contract. His signature was legally an acceptance of the contract as well as the
Monday, October 14, 2019
Marketing strategies which can help Cadburys in launching there new product
Marketing strategies which can help Cadburys in launching there new product Cadbury Background In 1824, John Cadbury began selling tea, coffee, and drinking chocolate, which he produced himself, at Bull Street in Birmingham, England. John Cadbury later motivated into the production of a variety of Cocoas and Drinking Chocolates being manufactured from a factory in Bridge Street, supplying mainly to the wealthy due to the high cost of manufacture at this time. At this time the company was known as Cadbury Brothers of Birmingham. Cadbury is a leading global confectionery company with an outstanding collection of chocolate, gum and candy brands. Cadbury employ around 45,000 people and has direct operation in over 60 countries, selling its products in markets everywhere around the world. Cadbury is nearly 200 years old. In 1969 Cadbury merged with Schweppes to create Cadbury Schweppes. In 2003, Adams Confectionery was acquired including its Trident and Halls brands, now respectively the worlds largest gum and candy brands. On 7 May 2008, Cadbury demerged the Americas Beverages business and created Cadbury plc. In March 2009, they announced a definitive agreement to sell the Australia Beverages business for approximately à £550 million. The following few pages which follow help to show overall how and which types of strategies on various things based on Marketing strategies can help Cadburys in launching there new product. Marketing strategy is a plan of action which is used by many businesses around the world, which helps the business meet its aims and objectives, it can also assist a business when launching a new product as it helps to identify which different strategies would be best to use. Marketing strategies can be split into two main categories which are: Short-Term Long-Term Short-term strategies help a business to focus mainly on the four Ps: Product, price, place and promotion which are vital to all businesses, as these four features are the main things which help a business to achieve objectives if they are used correctly. On the other we have long-term strategies which are used to plan the future actions of a business, this can include producing tables such as a Ansoff matrix which helps a business to decide on many things such as, whether to launch a new product or to improve previous products, overall making the right decisions on which type of strategy to use is vital, especially in the case of Cadburys as it helps to decide how to launch a new cereal bar, to ensure that they reach maximum sales. Throughout the next few pages I will discuss possible short-term and long-term strategies which Cadburys could use, indicating which type of strategy in each case would be the most useful to help them achieve success with there new product. Ansoff Matrix An ansoff matrix can be used to identify and show various types of growth strategies, many firms such as Cadburys could benefit from the use of an ansoff matrix as it helps to focus on the firms present and possible products as well as the markets. The main thing in ansoff matrix helps to identify is possible ways for a business to grow; this can include improving previous products or producing new products. Diversification Market Penetration: This is when a firm tries to achieve growth using existing products in there current market segment, to try and increase its market share. Product Development: This is when a firm targets a new product at there current market segment. Market Development: This is when a firm seeks growth by targeting there existing products at a new market. Diversification: This is when a firm tries to diversify into new businesses by producing new products to aim at a new market. Best marketing strategy for Cadburys: The following list helps to show which marketing strategy from the ansoff matrix would be best for Cadburys to use: If Cadburys was to use market penetration for there product, I feel this would not help at all as the current product they have out in the market which is the Brunchbar, is not doing very well and people would not buy it, so I feel this would be the worst option to choose. If Cadburys was to use product development for there product, I feel this could possibly be successful, although after the failure of there previous product people may not buy there new product. If Cadburys was to use market development, I feel that again there could possibly be a chance of success, as they may have aimed there previous product at the wrong market, although people from the new market may also not be keen to buy there product. It is clear that if Cadburys was to use diversification and aim a new product at a new market, there would be a high chance of success as long as the new product was to meet customer needs, which can be done through extensive market research to help gather an idea of people who would regularly purchase there product. Marketing Objectives Before a business such as Cadburys can decide on which market strategy they will be using, they must take into consideration that correct and precise marketing objectives are set to help the business to become as successful as possible in the future. The best way for a business to ensure that they set realistic and achievable objectives would be by following the acronym of SMART, this helps identify points which need to be checked by a business to make sure high-quality objectives are being set to maintain high sales for the product. The acronym SMART is short for the following which all need to be checked over by businesses when setting its marketing strategy: Specific Measurable Achievable Realistic Timed For a business such as Cadburys to be successful within such a competitive market, good quality objectives must be set. The following is a list of objectives Cadburys could set themselves to ensure that they are successful with the launch of there new product: Principles of Marketing There are many different features to be looked at when marketing your product to ensure there are no hiccups when releasing a new product. The following are a list of different things which need to be looked at by businesses such as Cadburys to ensure success for the new product: Understanding customer needs: This can be found through extensive market research to help the business determine the customers outlook on products and also the new tendency within the market. Through my market research which I have conducted, I have now found the correct segment for me to aim my product at helping to almost ensure success with the new product as I have covered the needs of my chosen segment. Understand and keep ahead of competitors: This again can be done through market research to help a business stay above competitors. I have used secondary research here to help me see the biggest rivalries within the market, therefore enabling me to stay above them. Communicate effectively with customers: This can be done through varieties of places; the most affective would be through promotional techniques used by the business. To ensure I have done this, I listed the possible promotion techniques and chose the ones which I felt would be best to use. Organize functions to achieve objectives: To ensure correct objective have been set, a business must look at the four Ps around the product to make certain that the correct marketing objectives have been set. To help me do this I ran through the four Ps of my product, and then checked to see that I had stated most of the possible strategies for the product. Aware of constraints: All businesses must be aware of the constraints they face on there marketing activities, to ensure that they are then able to work there way around it. To ensure I was aware of the possible constraints from many different factors, I produced both a SWOT and PEST analysis to help me identify these. The above principles of marketing must all be looked and analyzed by businesses, to ensure that the launch of the new product runs as smooth as possible. Cadbury plan their production process by using a time series method as this helps Cadbury to accurately produce the needed amount of chocolate at the correct period of time. A time series shows historical data that can be used and analyzed to predict future trends. Christmas and Easter are peak selling times for all chocolate manufactures including Cadbury; this is obviously because chocolate products make good gifts for these occasions. The disadvantages of this type of forecast are: Cadbury needs to have a lot of past data in order for the time series method to be used accurately to predict sales figures. If the external environment doesnt stay stable then there will be problems with the forecast for example if the prices of the raw materials used to produce Cadbury products increases then the price of the product has to increase in order for Cadbury to make a profit from the product produced. This may affect the customers purchasing trends. The data may be biased or representative. The advantages of this type of forecast are: The data helps Cadbury to reduce wastage and produce the amount of products that customers would purchase. The data is reliable if collected properly/accurately. The forecast helps Cadbury to make products efficiently as it helps Cadbury to set a target of the amount of products needed; there are always enough products to supply to customers. However precise information about this is not available to the public. Therefore I am going to use the information that I have produced about an imaginary firm I have used in E4 of my assignment. The most profitable product that the imaginary firm produces is the mugs, making a profit of à £10,500 for the first quarter of the year. I think that this is excellent as this firm is selling the mugs well and making a reasonable amount of profits from them; the mugs are batch produced and are everyday household objects. The firm does some research and find out what types of designs the customers are interested in purchasing. This would help to increase the sales, as customers like to have mugs with designs that they like and match with the rest of their kitchen accessories/items. If the firm shows that they are interested in giving the customers what they want then customers are very likely to purchase mugs from the firm. But a problem that would arise is that customers dont need too much mugs as they can be reused again and again so at some point the firm will need to stop producing mugs and withdraw it from the market as the demand will decrease. The firm could sell the mugs in multi packs as a set as well as individually and this will help to increase the sales of the mugs as most customers prefer to have a set of mugs the same design. From the figures of wastage and production I suggested that the saucer department of this firm should be closed down as it was costing the firm too much to continue to produce saucers to sell to the customers as it was not making its potential profit. The department that I suggested should have an increase in production was the teapot department this was due to the fact that it was the second most profitable product that this firm produced (along with the saucers but I have explained why it wasnt possible for the firm to continue to produce them). I think that if the firm improved the strength of the teapots then they would be more successful in the market as customers would realize this and want a teapot that is strong so it lasts longer. How the production process is monitored The quality assurance system that Cadbury use is total quality management (TQM). For Cadburys TQM is a method of ensuring that their products are of a high standard of quality and a method to monitor the production of products. To monitor the production process Cadbury employs supervisors to inspect the product at each stage of production. Marketing strategy In order to increase sales Cadburys needs to undertake a range of marketing activities before deciding upon the best way to encourage the purchase of its product. When identifying the basic principals which Cadburys must apply to its marketing will be its basic objectives because all business must have objectives it allows them to increase sales and make profit. Corporate aims are the long term intentions of a business, whereas corporate objectives are the specific targets required to achieve the aims. The common aim and objectives of the corporation such as Cadbury includes the following: Survival Profit maximization- which is often taken to be the reason why firms exists and to be the primary objectives in practices most firms have a hierarchy of objectives when a firms survival is threaten it may profit maximize in order to restore its financial health. Growth- which includes Cadbury selling new products or expanding overseas. Diversification- which is the spreading of business risks by reducing dependence on one product. Sales maximization- which is the increasing of sales Improving the product image-which includes creating a new logo or launching a new brand of product and creating more attractive packaging. For example, Cadbury set out two objectives for the development of their chocolate, Fuse. These were: To grow the market for chocolate confectionery To increase Cadburys share of the snacking sector when launching a product the company Cadburys had to make sure that any new product in the snaking sector must establish points of difference, creating a unique selling proposition (USP) i.e. a product with unique appeal which is not shared by any of its competitors. Referring back to the example of Fuse, Cadbury lost a lot of money testing out the combination of various ingredients and more than 250 were combined before the recipe of the chocolate was finalized. As the products are developed, Cadbury tests them to ensure that consumers are willing to buy them. Cadbury then promotes its products in various ways such as the use of above the line promotion, which is where a product is advertised through consumer media such as television, magazines, newspapers and radio. 4ps Product My product is a re-launch of Cadbury dairy milk. Cadbury dairy milk is made from real chocolate. Its ingredients include cocoa butter and there is a glass and half full cream dairy milk in every 200 grams of Cadbury dairy milk chocolate, Cadbury buys 65 million litres of fresh milk each year to make Cadbury dairy milk chocolate. Price Price is an important element of the marketing mix. The price charged for a chocolate bar can determine whether a consumer will buy it and the level of sales achieved can determine whether or not Cadbury Schweppes will make a profit. Price is also affected by factors such as the state of the economy, what competitors are charging, the stage reached in the products life cycle and above all what price the market will bear. From the marketing point of view this is what matters. Place Cadbury dairy milk is produced at the chocolate factory in Bourneville in Birmingham. After the chocolate is produced and has undergone all the quality checks it is transported to the stockrooms. After this Cadbury sells it products to shops that deal with beverages and confectionery e.g. corner shops, super stores such as Iceland, Sainsbury, Kwik save, Tesco, Asda, Safeway and petrol station. These businesses are usually visited by customers on a daily basis. They then sell it to the general public. Cadbury produces chocolate for more than 200 countries so that they have a chance to enjoy it as well and make profit. This gives them a wide range of consumers around the world. Cadbury Schweppes therefore makes sure that the cultures of these different people are kept. They can do this by producing products, which are eaten in that particular country without upsetting religious or cultural practices. Promotion The purpose of promotion is to communicate directly with potential or existing customers, in order to encourage them to purchase dairy milk and recommend it to others. The main promotional tools are sales promotions, public relations and advertising. Production representation Cadbury monitor the production process by using total quality management to ensure that the chocolate/products that are produced are of a high quality and meet the needs of the customers, this is vital for Cadbury because they produce chocolate products mainly which has a lot of substitutes, this means that customers could loose interest in Cadbury products if their demands are not met or thought about. To enforce total quality management Cadburys have supervisors that monitor the machines, the other workers and the products that are made. Cadbury also monitor the quality of their products by using a quality assurance system, (mentioned above) total quality management TQM. TQM ensures that the products that Cadbury produces tastes good to the customers, is appealing to the customers, customer complaints are solved, listening to customers and Cadbury make continuous improvements to their products. Those are all the benefits for Cadbury monitoring the quality of their products and usin g a quality assurance method. At the moment Cadburys use TQM to monitor the quality of their products and as a quality assurance method. I think that this could be improved if other methods of quality assurance and monitoring production were used; I think that this would help to improve them. An alternative quality assurance method that Cadbury could use is benchmarking. Benchmarking is a method for comparing the performance of one business against another, this would of an advantage to Cadbury because they could compare their sales figures, production figures etc against a major competitor (Nestle for example), the comparisons would help Cadbury to set aims and goals for the business itself and once the aims have been met it may almost be certain that Cadbury is outperforming its competitor. However the competitor that Cadbury choose has to be near enough the same size business as Cadbury, this is to make the benchmarking fair. As well as the above benchmarking will help Cadbury to do better than their competitor(s). To improve the monitoring method that Cadbury could use to monitor their products, Cadburys could continue to use total quality management ? TQM and also give all the other workers more responsibilities by enforcing self-checking and inspection on the products produced at Cadbury. Self- checking is traditionally the main method of a business to achieve quality control, to ensure that the workers inspect the products professionally, correctly and properly Cadbury should make a list of things that the workers should check. In 1895, an innovation in the provision of model housing by manufacturers occurred with the development by George Cadbury of Bournville Model Village. This was the first model settlement to provide low-density housing not restricted to factory employees. This paper uses the Bournville archives to explore the accepted history of this settlement. It is argued that the accepted history is a particular reading of this planning experiment. The paper explores the construction of the ââ¬Ëaccepted history, identifies some of the authors behind the history and uses the minute books and secretary reports of Bournville Village Trust to construct an alternative historical narrative. The alternative history is one in which Bournville begins as a building estate rather than as a model village. The building estate was provided with no community facilities, and the houses were targeted at the lower- and upper- middle classes. Cadbury repackaged the building estate by appropriating the garden city movement; in return the garden city movement also appropriated Bournville by using it as a working example of a model garden village. The paper makes a contribution to theoretical debate by linking a literature from organizational studies concerned with story-telling and construction to historical geography.
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