...sick because he has Sickle Cell Anemia. His deductible was high and he had lots of out of pocket expenses once the hospital stay lasted longer than expected. I began doing research on Hospital Income policies wondering if he would be eligible. Since I work for State Farm, I called a friend in Underwriting and was told that he was ineligible due to his preexisting condition. This was when I started comparing Hospital Income (HI) to the Affordable Care Act (ACA) wondering when all insurance will be on the same accord. What good is it when the people that need it most cannot use it? Where the curiosity originated? In the past two years I have become more educated on insurance products. Since I am pursuing a degree in Health Care quite naturally I was drawn to Health Insurance. An opportunity presented itself in a State Farm Agent’s office so I transitioned from sales to a more in depth position, which gave me the opportunity to expand upon my understanding of health products. Hospital Income was the first product that my new Agent taught me. This was where I was shown the statistical data behind why parents buy HI and why people do not buy it until it is too late. This curiosity lead to me purchasing a policy for my daughter and myself and pivoting to HI each time it was appropriate. Basis for my research Although there are several preexisting conditions to choose from, I decided to choose asthma because it yields the most data. Asthma is easily diagnosed and more patients are...
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...Insurance is something that every individual should have in one way or another. Insurance is a form of risk management where the insured party has the authority to transfer the cost of the potential loss from an incident to another party in exchange for a premium. A premium is a document detailing the terms and conditions of the insurance contract. Insurance companies issue policies that protect individuals, business and other parties from the risk of a loss. Some insurance policies are a requirement of some companies for their employees. However, many policies are purchased to make the policy-holder’s feel at ease. Whether its auto, medical, life, liability, disability, or any other form of insurance there are, having the right kind of insurance is an important factor of any great financial plan. There are many different types of policies that insurance companies offer such as auto insurance, motorcycle, ATV, umbrella, homeowner’s, renters, condo, co-op, RV, life, boat, personal watercraft, flood, mobile home, overseas, commercial auto, business, identity protection, snowmobile, collector car, and even pet insurance. There are also many different insurance companies out there who offer some, if not all, of those insurance policies. Three popular and widely known insurance companies are Allstate, Geico, and State Farm. Each of them have their own specific target markets and have to work each day to attract new and existing customers. The Allstate Corporation was founded...
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...Agricultural Extension in India Booklet No. 380 Agricultural Extension Education: AEES-4 Content Preface I. Introduction II. Pre-Independence Era III. Post-Independence Era IV. Motivation V. Extension Methodology in India VI. Training of Extension Personnel VII. Extension Organization in India VIII. Extension and Women IX. Extension and Rural Youth X. Emerging Thoughts in Extension Preface Agricultural extension is an educational process which has its goal to help the rural people to build a better life by conveying the useful and needed information at appropriate time. It is essential for agricultural development. It plays a major part in technology transfer to the rural areas. Though the concept of agricultural extension started in early 16th century but the actual functioning started only after the second world war. Dr. K. T. Chandy, Agricultural & Environmental Education I. Introduction Agricultural extension is a branch of agriculture which assists the farmers to bring about continuous improvement in their physical, economic and social well being through individual and cooperative efforts. In other words, it helps in the development of an individual and the village community as a whole. It makes available to the farming community the scientific and technical information, training and guidance to solve the problems in agriculture including animal husbandry, gardening, horticulture, silviculture, agricultmal engineering...
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...Providence, Rhode Island ENVIRONMENTAL ANALYSIS: Automobile insurance Industry Course: MGMT 6800 Yimeng Zhang October 4, 2014 Automobile insurance Industry- Environmental Analysis The motor vehicle insurance, refers to a kind of commercial insurance that offer liable for compensation to life or personal injury or property damage caused by motor vehicles due to natural disasters or accidents. Car insurance is a kind of property insurance. In the field of property insurance, motor insurance belongs to the young categories of insurance. This is because the car insurance comes and develops with the emergence and popularity of the car and. 1. Strategically Relevant Factors in the Macro-Environment-PESTEL Analysis PESTEL analysis focuses on the six principal components of strategic significance in the macro-environment: political factors, economic conditions, sociocultural forces, technological factors, (natural) environmental forces, and legal/regulatory factors. These are the significance factors of one industry varies and management will focus primarily on those with the greatest effect on their company. The most important factor in the vehicle insurance industry is Economic Factors. a. Political and legal factors The Automobile Insurance industry does not receive any direct assistance from the federal government in the form of tariffs. However, the National Association of Insurance Commissioners (NAIC) provides a forum for the development of uniform...
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...Farm Subsidies Farming has been around since the beginning of time and has undergone significant developments since the time of the earliest cultivations. It hard to believe that farming is still an important tool for producing food since we are all surrounded by fast food restaurants. The United States Agriculture Department, USDA, has always supported the Agricultural business through Farm Subsidies programs. The U.S Agriculture Department has distributed between 10 billion and 30 billion into their Farm subsidies programs to large farm businesses. These subsidies consists of direct payments, counter-cyclical payments and marketing loans to the contracted farm producers. Just to better understand how each payment works direct payments are granted to farm producers based on the usage of their land and their history of crop production. This means that some individuals may receive direct payments for land they own, even if they are not currently producing commodity crops. Like direct payments, counter-cyclical payments are tied the production of crops, so farmers may receive payments for crops they are no longer growing. The marketing loan program guarantees minimum prices for crops. Producers can take out marketing loans, using their crops as collateral, in order to hold the crops and sell them when prices rise. Most of the Government’s farm subsidies funds go to farmers that produce the following top five commodity crops which include wheat, corn, soybeans, rice and cotton. The...
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...smoothly and effectively as possible. I will also be, looking at the companies aims to see if they have reached them yet, or what they are doing to reach their aim. I will be explaining areas of growth. As a result of the research I found the following information from research on the computer, getting help from teacher and by my own knowledge. :Sainsbury’s: Background information Sainsbury's Supermarkets is the UK's longest standing major food retailing chain, having opened its first store in 1869. The Sainsbury's brand is built upon a heritage of providing customers with healthy, safe, fresh and tasty food. It differentiates itself by offering a broad range of great quality products at fair prices with particular emphasis on fresh food, a strong ethical approach to business and continuous leadership and innovation. Size of business J Sainsbury plc consists of Sainsbury's – a chain of 504 supermarkets and 319 convenience stores. A large Sainsbury's store offers around 30,000 products and an increasing number of stores also offer complementary non-food products and services. Business sector Sainsbury’s is currently in the Tertiary and Secondary Sector this is because Sainsbury’s provide services (they have banks), sell Food and also they have their own farm. Main goals and purpose At...
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...Co-operation in a Capitalist Economy This course has taken us through the history and development of the co-operative economic structure, looking in depth at the co-operative movements’ roots and the formation of its laws. Examples such as the Mondragón Corporation and the co-operative movement in Italy were provided, to allow for a better understanding of how this system has evolved and its existence in modern society today. As this semester comes to a close, I wanted to take a closer look at co-ops here in the United States that are undergoing the trials and tribulations that result from being a co-operative organization within a capitalist economy. To do so, I first began by researching the development of the co-operative movement in the United States, more specifically, the pivotal role of agricultural co-operatives in stimulating the US economy; this led me to CHS Inc., the top performing co-operative in the US and the 10th best performing in the world (Co-operative News). Co-operatives such as CHS Inc. have been vital to maintaining stability within the US marketplace and providing an alternative to the capitalist structure that exists currently. Agricultural co-operatives, especially, significantly uplifted local economic development throughout most of the twentieth century. Over four million farms had closed down, including a large number of family run farms, and rural communities experienced a sharp rise in unemployment. Local businesses were forced to close and citizens...
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... Mainak Kanjilal, Final Year Student, PGDIM, NITIE Utsav Ghosh, Final Year Student, PGDIM, NITIE Dr. Ranjan Chaudhuri, Assistant Professor (Marketing Area), NITIE Study based approach coupled with primary research has been done to arrive at the conclusions. An analysis of the different prevalent formats has been done and based on the findings a framework has been proposed for the business of retail in rural India. Literature review:-‐ Considerable amount of research has gone into defining the key influencers of experiential retail and mechanisms for consumer engagement for business development. Verhoef et al. (2009) recognize the importance of past customer experiences, store environments, service interfaces, and store brands on future experiences. Research on converting a disinterested consumer into sales shows that involved customers likely focus on key product attributes rather than peripheral cues like price ...
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...All about 2011 Contents About us .........................................................................................1 The Coles story .......................................................................... 2 About Wesfarmers ...................................................................4 Our year ........................................................................................5 Our new format stores ...........................................................8 Our team ......................................................................................9 Responsible sourcing ............................................................10 Australia first ............................................................................ 12 Our sustainability ................................................................... 13 Our community ....................................................................... 14 Our 3 year performance summary ..................................17 Cover image: supplier to Coles for over 20 years, apple grower Harvey Giblett of Newton Brothers Orchards, located in Manjimup, Western Australia. About us Coles is a leading national food, liquor and convenience retailer in Australia. We employ more than 102,000 team members across our brands, which include Coles and Bi-Lo supermarkets, Coles Express, 1st Choice Liquor Superstore, Liquorland, Vintage Cellars and Spirit Hotels. Our goal What we want to achieve ...
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...Strategy in Practice – Tatua Dairy Company and the Dairy Industry External Analysis: Industry Profile: The New Zealand Dairy Industry is a mature and large market involving six main competitors: Fonterra, Tatua, Westland, Open Country, Synlait and Miraka. Consequently, the scope of competitive rivalry is not only national but also global with NZ accounting for over a third of the world’s international dairy trade. The Dairy Company supplies a very wide range of dairy products in various segments that include: dairy ingredients, speciality nutritionals, flavour ingredients, bionutrients, foodservice, and consumer products to end-customers. The products that are accessible are fundamentally consistent across all competitors therefore companies differentiate themselves through innovative and high quality products such as the ‘Dairy Whip’, consolidated relationships with customers and ease of acquiring. Evidence of vertical integration is present in this industry as Tatua is supplied by its own shareholders however there is also horizontal integration as many companies have merged to gain market share. Economies of scale in this industry are high because it is essential to gain a profit. The six main competitors also have large facilities at their disposal that are used at full capacity to efficiently produce the correct quantity and product to supply to their numerous customers. Since the industry has high economies of scale, the barriers to entry/exit are very high, as it requires...
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...10-36 10 10 11 14 14 25 25 26 27 29 31 32 33 PRODUCTION 2.1 2.2 2.3 Major producing countries in the world Major producing states in India Zone-wise major commercial varieties 3.0 POST-HARVEST MANAGENENT 3.1 3.2 3.3 3.4 Post-harvest losses Harvesting care Post-harvest equipments Grading 3.4.1 Grade specifications 3.4.2 Adulterants and toxins 3.4.3 Grading at producers’ level and under Agmark 3.5 3.6 3.7 Packaging Transportation Storage 3.7.1 Major storage pests and their control measures 3.7.2 Storage structures 3.7.3 Storage facilities i) Producers’ storage ii) Rural godowns iii) Mandi godowns iv) Central Warehousing Corporation v) State Warehousing Corporations vi) Co-operatives 3.7.4 Pledge finance system 36 Page No. 2 4.0 MARKETING PRACTICES AND CONSTRAINTS 4.1 4.2 4.3 4.4 Assembling (Major assembling markets) 4.1.1 Arrivals 4.1.2 Despatches Distribution 4.2.1 Inter-state movement Export and import 4.3.1 Sanitary and Phyto-Sanitary requirements 4.3.2 Export procedures Marketing constraints 37-45 37 38 39 39 39 40 43 44 45 46-48 46 48 50-53 54-56 54 55 55 56 58-63 58 61 63 66-68 66 68 70-71 72-73 5.0 MARKETING CHANNELS, COSTS AND MARGINS 5.1 5.2 Marketing channels Marketing costs and margins 6.0 7.0 MARKETING INFORMATION AND EXTENSION ALTERNATIVE SYSTEMS OF MARKETING 7.1 7.2 7.3 7.4 Direct marketing Contract marketing Co-operative marketing Forward and future markets 8.0 INSTITUTIONAL FACILITIES 8.1 8.2 8.3 Marketing related schemes of...
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...1.Explain and give an example of these terms in your own words. Product differentiation, Product line and product mix, Branding, Co-branding, Packaging Product differentiation is the process of separating a product or service from others, making it more appealing to a specific target market. Companies differentiate products or services from competitors' products and services as well as the companies own products and services. Methods of product differentiation include product form, features, customization, performance, conformance, durability, reliability, reparability, and style (371) (372). An example of product differentiation would be different laundry detergents Tide, Cheer and Gain all made by Procter and Gamble. Automobiles, commercial buildings, and furniture also would be products capable of product differentiation (372). Product line is a group of closely related products that preform a similar function. They are sold to the same costumer groups and are marketed through the same outlets or channels, or fall within a given price range. It can consist of different brands, single family brands or an individual brand (380). For example, a cosmetic company's makeup. Another example would be life insurance (380). A product mix or product assortment, refers to the total number of items that a company offers to its customers for sale and can consist of various product lines (380). A company’s product mix will have a certain width which is how many different product lines...
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...affects all Americans. This legislation has come to be known as the Farm bill, and this year’s is quite possibly the most scrutinized, criticized, and important farm bill that has ever been introduced. So, the question arises: “Why is the farm bill such a controversial issue?” Dan Imhoff answers, “If you eat, pay taxes, care about the nutritional values of school lunches, worry about the plight of biodiversity or the loss of farmland and shrinking open space, you have a personal stake in the tens of billions of dollars annually committed to agricultural and food policies” (18). Now the controversy and social problems—as seen by each side—are introduced. The Farm bill is responsible for funding numerous food related programs, such as subsidies, the food stamp program, and also the farmer’s safety net, to name just a few. Where this money goes and how it is spent reflects what the United States values, and what it is defining as a social problem. Some supporters of this bill maintain that this bill provides financial security not only to agriculturalists but also to consumers as well. They believe that this bill promotes an increased emphasis on of conservation, and that it also encourages efforts to explore the merits of bioenergy. The value placed on conservation, cleaner, more efficient energy sources, and the financial protection of American citizens is paramount to most supporters of the 2007 Farm Bill. Proponents also argue that the bill is necessary for a country...
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... Kwen Jinhee, Hardy Thomas, and Ng Earl | 27/02/2014 | | Table of Contents Introduction 3 The major producers, consumers, exporters and importers in January 2014 3 Major producers 3 Major consumers 4 Major exporters 4 Major Importers 5 Statistics since 1980 6 Major Producers 1980-2013 6 Major Consumers 1980-2013 7 Exporters 8 Importers 8 Price Trend 9 Amount of land used 10 Policies endowment of cotton world trade 10 China 10 India 12 United States of America 13 Pakistan 14 Brazil 16 Conclusion 17 Appendices 18 References 20 Introduction Cotton fiber is the most important natural fiber in the world. Cotton farming is a very old activity. Cotton is used for fabric since prehistoric times. Cotton is a plant fiber that surrounds the cotton seeds that are below to the genus Gossypium. The fiber is almost entirely constituted with cellulose. It is the most widely natural fiber used for clothing in the world. According to the United States Department of Agriculture, 2.5% of the arable lands in the world are used for the cotton production. Cotton represents one of the most important agricultural commodities on the international world trade. Almost all the production is situated in the North hemisphere. In fact, there is a few numbers of actors in the cotton trade. Therefore, most of them can influence widely the international world trade by establishing relevant trade policies. In this article, first we present the most important...
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...Best Buffalo Bison Ranch About this Sample Entrepreneur Business Plan: The following sample NxLeveL Entrepreneur Business Plan was originally written by a class participant, and subsequently modified to protect proprietary information. As it is primarily a student’s work, it is not represented to be a “perfect” business plan, although the presentation is in keeping with the NxLeveL format and content. It can be used as a sample of what a business plan might contain, and as a model for constructing the various sections. Your instructor may ask that you review certain sections and suggest improvements, modifications or additions. The purpose of each individual business plan may be different, with varied intended readers. You may also be asked to discuss what information might need to be included or deleted based on the purpose of the plan. NxLeveL Entrepreneur Sample Business Plan Best Buffalo Bison Ranch – June 2001 Table of Contents Section Page Section I: Executive Summary 3 Section II: Mission, Goals, & Objectives 4 General Description of Business Mission Statement Goals and Objectives Section III: Background Information 6 Background Industry Information Current and Future Trends Business Fit in the Industry Section IV: Organizational Matters 9 A. Ownership, Regulations, and Contracts 9 B. Management Issues 10 Section V: The Marketing Plan 14 A. The Products and Services 14 B. The Market Analysis 17 C. Marketing Strategies 22 Section VI: The...
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