Read the document I send you carefully Essay Example | Topics and Well Written Essays - 1500 words

Read the document I send you carefully - Essay Example With every market structure, however, comes advantages and disadvantages of adopting that particular choice. There are mainly four types of market structures with â€Å"perfect competition†on one extreme and â€Å"monopoly†on the other (Baumol, 1961, p.142. Furthermore, â€Å"monopolistic competition†and â€Å"oligopoly† are those salient structures that are counted asthe moderate ones. In this paper, we will be focusing primarily on the Perfect markets. It will incorporate an analysis ontheir relation to consumer demand and the comparison to any other market structure in the economy. PERFECT COMPETITION AND MARKET DEMAND Perfect Market: Perfect competition is â€Å"a very large number of firms producing a standardized product.† (McConnel&Brue, 2004) This means that a perfect market is that structure which entails numerous extents of â€Å"buyers and sellers† for selling the same kinds of product. Besides this, there are several other noticea ble characteristics of a perfect market that are being listed below: In competition oriented perfect market, there are groups of buyers and sellers who are involved. ... Lastly, there is perfect information about prices and technology among both the sellers and buyers. (Besanko&Brauetigam, 2010, p.330) The Perfect Market and the Demand Curve: The demand curve of a perfect market is perfectly elastic which means that it is a horizontal line. â€Å"The price elasticity of demand (PED) for a good is a measure of the degree of responsiveness of the quantity demanded to a change in the price, ceteris paribus.† (Quek, 2011, p.2). It happens so because of the fact that the presence of small firms in the market makes it difficult for them to influence the pricing fluctuations of the goods and services that they offer. This leads to an inflexible proposition of prices of products to the consumers and thus, a perfectly elastic demand curve is achieved in this context. The figure below illustrates the demand curve: Figure 1: Chart showing perfectly elastic demand in a perfect market (Source: Google Images) Quek propagates thatâ€Å"demand curve in a per fectly competitive firm is also its marginal revenue curve† (2011, p.2). â€Å"Marginal revenue†can be understood as the revenue received by selling one extra unit of production. The demand curve and marginal revenue curve are equivalent in a perfect market competition since the price of goods and services are preciselythe same. The demand curve is identical to the average revenue as well in a perfect market because each product is sold at the same price i.e. the average of the total production. An increase in the price of products in a perfect market leads to the quantity demanded of that product to rise to infinity while a decrease in price leads to the quantity demanded of the product to fall to zero. This is also

Wal Mart Stores Inc Essay -- Business Finance Marketing Essays

Wal Mart Stores Inc Abstract Explores the marketing strategies employed by Wal-Mart Corporation and their efforts to compete in the â€Å"new† economy. Includes an assessment of Wal-Mart’s expressed and apparent positioning and value proposition based upon internal documents, public relations statements, web page and advertising. Includes an assessment of Wal-Mart’s competitive position and strategy. Includes an assessment of Wal-Mart’s marketing mix. Introduction The new economy, characterized by sophisticated technology, global communication and â€Å"knowledge as a commodity† demands a great deal from organizations that intend to remain competitive. Wal-Mart corporation does not just compete in their field, they dominate it. Wal-Mart is the largest retail operation in the world today. According to the Wal-Mart corporate website at http://www.walmartstores.com, the company’s net sales totaled $191.329 billion for the fiscal year ending January 31, 2001. This makes Wal-Mart the fourth largest company in the United States of America. The size and consistent profit generation of Wal-Mart Corporation make it a logical choice for the study of marketing techniques employed by successful businesses. Definitions Marketing mix: How much is spent and what percentage of marketing dollars go to advertising instead of other types of more highly targeted marketing communications. (Hill and Rifkin, 1999) New Economy: The way that business is conducted, characterized by a dozen or so themes: a) knowledge as a commodity b) digitalization c)virtuality d) molecularization e) networking f) disintermediation g)hyper media h) innovation i) customer as product designer j) immediate, k) global and l) discordant. (Tapscott, 1997) Organizational Culture: A common perception held by the organization’s members; a system of shared meaning. (Robbins, 2001) Discussion Method To assess an organization’s marketing strategies we look at three separate aspects of its approach to reaching the public. First, an examination of the company’s expressed or apparent position and value proposition are studied. This is accomplished using various documents, including, but not limited to internal documents, public relations statements, web pages and advertising. Next, a study of the company’s competitive position and strategy is conducted. This includes the dimensions of the... ...905-4 Longo, D. (2001, October), ACNielson Unveils Wal-Mart Solution. Retail Merchandiser 41 10, 10 Neff, J., (2001, August). Rivals shut out Wal-Mart. Advertising Age, 72 35, 8 Neff, J., (2001, October). Private party at Wal-Mart. Advertising Age, 72 44, 8 Petzinger, Jr., T. (1999). The new pioneers: The men and women who are transforming the workplace and the marketplace. New York: Simon and Schuster. ISBN 0-684-84636-5 Robbins, S. (2001). Organizational behavior. Upper Saddle River, NJ: Prentice Hall. ISBN 0-13-016680-4 Senge, P. (1994). The fifth discipline. New York. Currency Doubleday. ISBN 0-385-260905-4 Sparks, D. (1994, December). Life after Sam. Financial World. 52-54. References (continued) Tapscott, D. (1997, November-December). Strategy in the new economy. Strategy & Leadership. Treacy, M. (1995, September). Success through cannibalism. Marketing Magazine, 100. 17. United States Securities and Exchange Commission (2001), Form 10-K/A, Washingtion Wal-Mart Stores, Inc., Hoovers Business Resource, 2002 ed. Wal-Mart Stores, Inc., Wal-Mart Stores Annual Report, 2000 ed. Wal-Mart Stores, Inc., Wal-Mart Stores Annual Report, 2001 ed.

Poem Still I Rise by Maya Angelou

To read and understand the literature, it must be read slowly and using all the senses in it. Literature could teach us several things to understand life and their situations. The purpose of this writing is to discuss a literary work through a personal experience. The poem that will be discussed in this essay will be â€Å"Still I Rise† by Maya Angelou. This is her famous poem ever known. This author is a very good writer, I am reading her poems for the first time and I liked her poems so much. This poem suggests that we can overcome difficulties in life, despite rejections and injustice. It also discusses racism and all the problems black people could have because of the discrimination and all the things that involve racism. It is a call for the blacks to be proud of their origin. The black person (the author), seems liberated from her color. This poem also tells to us the importance of being strong in front of the worst circumstances. And no matter the situation, you can overcome and learn from it. In this case, the author exposes the racism in the time of slavery. The poem has a very positive tone. Also, it is written for all type of people, I mean that anyone could read it and would understand its purpose very easily and quickly. The author says that no matter what, she will still rise. This poem has a lot of feelings; you can feel it when you are reading it. I think that the author had a painful past to have written this poem. Also, it is written for all type of people, I mean that anyone could read it and would understand its purpose very easily and quickly. You may shoot me with your words, you may cut me with your eyes, you may kill me with your hatefulness, but still, like air, I'll rise. † Maya Angelou in this verse openly shows the white people discrimination towards black. Everyone has had a moment of discrimination in life, where we have spent many negative things. I have being identified personally with the author. Although I was not present at the time of sla very, I have been a victim of much other discrimination. I have been a victim of many other negative things that I have passed. About a year and a half ago, I lost my boyfriend because of a chronic disease. Now, my dad has the same disease and that makes me feel very sad, because I'm living the same situation. It is a very difficult situation, because I am reviving all the things that I passed along his disease. But I have been overcoming and willing all of it with my Lords help. Sometimes, we feel that we can’t live with a very strong emotional charge. That is when we have to be reborn and rise as the author says in her poem. We have to rise and overcome all the problems and situations in our life even worse than the most. In conclusion, life is not easy as it seems. Life is full of obstacles and setbacks that we couldn’t avoid because fate wants it that way. I think that people have always to believe in themselves and don’t let other people to put them down. As the author, Maya Angelou has rise despite all the bad and painful that ever happened her life. We need to learn from this poem and take example. I think it's a very good poem to enhance and analyze the meaning of life and our purpose in it.

George Orwell s Animal Farm - 1392 Words

George Orwell Never Misuses Words In what was a vastly controversial novel published in 1945, George Orwell’s Animal Farm describes the horrific brand of communism in the Soviet Union and the conscious blindness that most of the West accepted at that time. Although Orwell labeled Animal Farm as a fairy tale, this historically parallel novel branches into the genres of political satire, fable, and allegory as well. What made Animal Farm so controversial among the â€Å"British socialists† and Western countries was its criticism of Soviet Communism combined with the â€Å"noble and revolutionary† light that the Soviet Union shone under in its birth (Baker). Political satire is a mean of writing that uses humor to criticize a global event, people,†¦show more content†¦However by placing such great political beings into the form of pigs, chickens, dogs, and generic farm animals, the humor of the situation, once the political alignment is understood, appears. With parody, Orwell shows Napoleon’s rule in the Animal Farm with a shady and ominous tone, thus criticizing communism in Russia in an equal sense. Orwell also utilizes parody with specific events in the Russian Revolution. The pigs, with superior knowledge, which initially thought of â€Å"animal freedom,† are the equivalent of the Politburo, the group that initiated the communist ideology in Russia. Then, Old Major dreams of liberation for the animals noticing how their lives were â€Å"miserable, laborious, and short†; soon after he writes the rules and beginnings of Animalism (Orwell 6). This event in the book represents the establishment of a communist ideal and the writing of the Communists Manifesto (Frane). Old Major dies before all the animals overthrow the humans and enforce the rules made by him, which resembles change of power from the Russian monarchs to the Soviet Union. From this point on the expectations were high for the prosperity of both the animals in Animal Farm and the people of the Soviet Union. The finalizing object that makes Animal Farm appear to be a political satire is the ultimate effect that