...Introduction Do international economics of free trade important in the United States of America and in the world of different countries? Therefore, according to the article of "Embracing the Challenge of Free Trade: Competing and Prospering in a Global Economy", Ben S. Bernanke, who is the author and the Chairman of the Montana Economic Development Summit 2007 Butte, MT, had said," international trade in goods, services, and assets, like other forms of market-based exchange, allows us to transform what we have into what we need or want under increasingly beneficial terms. Trade allows us to enjoy both a more productive economy and higher living standards" (Bernanke). Free trade is very important as international economics will cause both advantages...
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...In the United States, there are currently almost 45 million people uninsured. This leaves many questioning whether the current free market health care system or a universal health care system is better for the citizens of America. Universal healthcare is where every citizen receives the same health care regardless of their race, social status, age, gender, pre-existing conditions or the money they have. A free market system creates a price driven by demand and need. To determine which system is better adapted to the United States, it is important to recognize the strengths, weaknesses and costs of each type of system. What are the pros and cons of a universal healthcare system? According to the essay, “Pros and Cons of Universal Health Care”, the main advantage of universal health care is that all people receive health care regardless of their economic...
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...products to maintain and strengthen its marketing strategy despite competition from other institutions offering the same products and services * To propose strategies for Iams and Eukanuba to enhance marketing opportunities through empirical research of the trends in the market place * To develop effective alternatives Iams and Eukanaba can use to achieve core competency in the pet industry * To achieve maximum production efficiency by innovating products that will create variety of choices to satisfy costumers’ needs and wants S.W.O.T Analysis: Strengths | Weaknesses | * Iams and Eukanuba as successful retailer of pet products; understands consumer behavior to successfully grow their business. * Iams and Eukanuba recognizes psychological and social influences in pet food purchasing. * Iams and Eukanuba mirroring products purchased and used by humans as part of the trend in pet products. * Iams and Eukanuba offers products same quality and nutrition as other family members. * Iams and Eukanuba offers products for fancy pet items that allow owners to spoil their pets. * Iams and Eukanuba provide unique opportunities like initiating a free online platform that let owners learn more about their pets. * Iams and Eukanuba has a lot of partners from institutions such as Procter & Gamble (P&G), Dog Fancy and Cat Fancy. | *...
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...Cons of Gun Outlaw in the United States Sarah Chadwick, Maria Escalante, Aubrey Ballard, Jonathan Mcwilliams, Royal Delahoussaye, Andrew Urey, Stacon Boisse BCOM/275 February 12, 2013 Joseph Scott University of Phoenix Cons of Gun Outlaw in the United States I hate guns. Should an argument be made over a hate statement or should the right to bear arms hold to be as valuable as gold. The introduction of gun control laws can be an effective way to make the streets of America safe again but on the other hand this can also make law-abiding citizens become vulnerable for those whom have illegal possession of fire arms. Firearms, for the most part, are big business in the United States. Manufacturing firearms and ammunition have helped drive the economy for decades. The threat of banning some firearms has created the price of the AR15 assault riffle to sky rocket; so even the thought of not having a gun is big business. Fire arm sells increase with a bad economy because people feel they need protection from people becoming desperate (Thurman,R., 2009). Gun control is a sensitive subject in any country, in any neighborhood, or any civilized establishment. In America alone, about 80 million people representing half of the U.S. homes, own more than 223 million guns. And politically, 60% of Democrats and 30% of Republicans favor stronger gun owner laws (White, 2013). Gun rights are granted by the Second Amendment, which reads: “A well regulated Militia...
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...Nonverbal Behaviours Cultural Differences in International Business Negotiations Nonverbal Behaviours Cultural Differences in International Business Negotiations Globalization embraces the free-market system which is driven by policies to allow the integration of markets in the global economy. By reducing trade barriers, it has promoted free trade - encouraging competition to spread globally. As a consequence, the global environment of business has become exceedingly challenging as the number of corporations competing in the world marketplace rise. The unprecedented growth of international business has become increasingly dependent on effective face-to-face negotiations between business partners from different countries which often have unique cultural nuances. Culture influences how people think, communicate and behave, which ultimately affects the way they negotiate. For example, many countries which utilize northern European, German, English, and Scandinavian languages are categorized as low context cultures, and rely on spoken words in order to communicate. Conversely, high context cultures, often pertaining to Asian and Arabic languages, are heavily dependent on nonverbal and situational cues. These differences in culture can lead to misunderstandings during international business negotiations, so it is imperative that all members involved are familiar and sensitive to the culture of the other party. A key component of successful international negotiation is...
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...Table of Contents Executive Summary 3 Issue Identification 4 Slowing Growth in NAFTA Trade 4 Continuation of NAFTA Strategy versus Expansion into Latin America 4 Taking Advantage of Economic Growth in Asia and Emerging Markets 4 Expanding Overseas 4 Environmental & Root Cause Analysis 5 Slowing Growth in NAFTA Trade 5 Continuation of NAFTA Strategy versus Expansion into Latin America 5 Taking Advantage of Economic Growth in Asia and Emerging Markets 5 Expanding Overseas 6 Alternatives and/or Options 6 Slowing Growth in NAFTA Trade 6 Continuation of NAFTA Strategy versus Expansion into Latin America 6 Taking Advantage of Economic Growth in Asia and Emerging Markets 7 Expanding Overseas 7 Recommendations and Implementation 7 Slowing Growth in NAFTA Trade 7 Continuation of NAFTA Strategy versus Expansion into Latin America 7 Taking Advantage of Economic Growth in Asia and Emerging Markets 8 Expanding Overseas 8 Monitor and Control 8 Executive Summary Since Canadian National Railway Company (CN)’s privatization by the Canadian government in November 1995, CN has not stopped growing its sales, profits, cash flow and, as a result, market value. Privatization and deregulation of the rail industry led to some of CN’s success, but CN had to cut costs and increase revenues. Cutting costs meant reducing workforce and closing or selling unprofitable tracks. It also meant investing in more efficient rail equipment and technology. Increasing revenues required focusing...
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...Throughout this case study, I will go over the different aspects of this brewing company. I will analyze their strengths, weaknesses, opportunities, and threats. I will then go on to determining the problem that this company is facing. To conclude, I will offer a few alternatives that could help with their problem, along with recommendations. SWOT Analysis: Strengths: - create beer with exceptional quality - It is free of genetically modified organisms - Uses environmentally friendly fuel alternatives - Reduced carbon dioxide emissions - State-of-the-art brew house - Strong sense of environmental responsibilities Weaknesses: - Only 1 product - Not enough product advertisement Opportunities: - Market unique “green” technologies - Acquire other smaller firms to grow - Expand production and distribution Threats: - Rising beer prices - Entry of new competitors in “green” beer - Lack of consumer dedication Problem Statement: As the article says, this company has taken great steps to making their brewery the greenest in North America. Many businesses around the country have begun turning themselves environmentally friendly, but Steam Whistle has gone the extra mile. Unfortunately, there are a few problems that this company is currently facing. By analysing their situation, these problems can be put in the past and their goals can be easily attained. A problem they...
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...Exotic Smokes Cigarette Company Consumer Behavior Outline MKT/554 June 13th, 2011 Exotic Smokes Cigarette Consumer Behavior Exotic Smokes Cigarette Company (ESCC) has employed TRIAAD Research Group to analyze and outline consumer behavior, needs, and desire for fruit and candy flavored cigarettes. ESCC will target 18-25 year old customers implementing a $25 million dollar advertising campaign. Competition and Tobacco Information Tobacco is a global industry native to America and can be grown on any warm and moist continent. Presently there are six main manufacturers of cigarettes in the United States consisting of; RJR Nabisco, Inc, B.A.T. Industries, Loews Corporation, Liggett Group, and Phillip Morris. China, India, and Brazil were the three top sellers of tobacco in 2000 with the United States being fourth. Joanna Johnson (2010) states the British American Tobacco (BAT) reports the market share leaders as Phillip Morris International (PMI) - 16%, British American Tobacco (BAT) - 13%, Japan Tobacco International (JTI) - 11%, and Imperial Tobacco - 6%. Top Five International Brands • Marlboro • Winston • Mild Seven • LM • Kent Top US Tobacco Companies • Altria • Lorillard • Reynolds American Consumer Perception A quote posted by "I’ll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It’s addictive. And there’s a fantastic...
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...emerging markets. exporting licensing joint venture equity stake/acquisition EXPORTING Pros: In developing countries it is necessary to reach an international level of quality, to upgrade machinery, raw materials and processes, based on imports needed for export. In countries with higher manufacturing costs, probably out cheaper to import than produce, thus becoming resellers, from manufacturers to retailers. In countries with free trade treaties gradual reduction of import taxes to zero, lower the cost of international purchases. Cons: Buy in another country reduces income country where the entrepreneur. Symptoms of economic problems as higher imports than exports, reduce sources of employment, output and cause national currency is exchanged for foreign currency. Imports are always implicit risk of increase in the price of foreign currency. Businesses tied to increased foreign currency for imports which are their main source of income, should contract hedging or futures brokerage firms in order to protect themselves. Imports, in high degree, dependent on the entrepreneur make international purchases. Any reliance weakens the company and even more so, by the distance international suppliers, deliveries and conditions. LICENSING Pros: Allows the licensee uses proven technology in the'' business'' in exchange for paying the license fees. Normally the total cost of development and maintenance of the technology is often higher. Cons: ...
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...In January 1994 there was a new development; the North American Free Trade Agreement (NAFTA) was instituted between the United States, Mexico, and Canada creating the largest free trade area and richest market in the world. This one of the most important and wide-reaching treaties in the world. A treaty between Canada, Mexico, and the United States that was designed to foster greater trade between the three countries. It was one of interesting prospect and looked upon as the start of globalization. The attempt was to help with financial situations involving the all countries in the North American continent, especially those of United States, Mexico, and Canada. One major problem encountered were the economic stabilities of each country, especially in Mexico. There were issues of foreign debt, balance of payment problems, and exchange rate fluctuations. The agreement does well to commit to standards on environmental protection and labor laws but still strives to enforce those laws. The agreement did have some goals to help foster the partnerships between the countries. First and foremost to reduce trade barriers. These barriers cause imports to be of a higher priced than local goods. The object of the agreement was to participate in free" or "open" when goods and services can move into markets without restrictions, and prices are determined by supply and demand. Nations sometimes erect barriers to this free movement of goods and services, such as quotas limiting the quantity...
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...Book Review Review of John Lauritz Larson’s The Market Revolution in America In his book, The Market Revolution in America: Liberty, Ambition, and the Eclipse of the Common Good, John Lauritz Larson explains the effects of the Market Revolution on Jacksonian America. He goes into detail describing these effects, which makes it a bit difficult to feel out Larson’s intentions, as many of the effects were negative. It is quite easy to see that the book is critical of the market revolution, but there is more to Larson’s point. He explains that the economic changes were a result of the people running the market revolution. These people were present during a time that saw great technological advancements which acted as a catalyst to economic change. These changes that were occurring were entirely new and thus, the people during this time had to adapt to them in stride, which, as Larson points out, wasn’t easy. In his introduction, Larson states that the book explains the “unexpected, overwhelming force of economic changes and the positive aspects that made it difficult for people who experienced the market revolution to know whether they were rising in a privileged class or falling victim to an economic juggernaut.” (Larson, 10) In the first three chapters he discusses the political environment that existed prior to the market revolution, the technological advancements that helped spur the revolution, and how these advancements affected the daily lives of the people living during...
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...legalizing marijuana. Though both sides to this discussion have valid arguments, the pros outweigh the cons by a substantial amount. According to norml.org marijuana is the third most popular recreational drug in America. Federal law prohibits marijuana; anyone found with possession by federal law is punishable by up to one year in jail and a minimum fine of $1,000 for a first conviction. With making this “troubling substance” legal, the government would be able to reduce the national debt and easily reduce the overcrowding of prisons. I am proposing that people take a second to look past the negatives of drugs and focus on a plant that could better the nation. Purpose Marijuana has a negative shame involved by the government and public, but is actually a natural and successful medicine. Recently marijuana arrests have been exceeding the amount of violent crime arrests and punishments. The Marijuana Policy Project counted 872,720 pot-related arrests in the United States in 2007 alone, according to Cato. Enforcing this prohibition has put taxpayers in almost 10 billion dollars of debt annually. I believe that there are definitely more important issues that the government should be focusing on rather than throwing harmless marijuana smokers in jail. Problem or Need According to norml.org marijuana is the third most popular recreational drug in America. Nearly one in eight drug prisoners in America are behind bars for marijuana-related offenses. With marijuana being illegal,...
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...Write a short essay on Druids and similar priests in Europe B.C. In this essay I will compare the druids, so the Celtic religion to the Greek ancient religion. There are similarities but most of the items are differences. Druids were the priests of the Celtic tribe. They had great power because of their spread of belief and for the role they had in the society. First of all, they could go over a ruler. So the druids were acting like judges, advisers, doctors but also as magicians or poets. Druids had ceremonies of mistletoe that involved animal sacrifice it was also a tradition for the Greek tribes. They both thought that their gods need them to pay in some form of a sacrilege. But the druids were also known for the human sacrifice. They strongly believe in the soul that is not dying but it takes another body. This sacrifice it was an act of bravery, of approaching god. Also the druids had this Underworld, were to be found fairies as the guardians. Greek priests were not forming a college of priests like the druids, they were separated. Each priest had his deity to worship and they remain devoted to that only god. “The priest’s role was not that of a rabbi or pastor – he tended not the worshipers but the deity. He would serve only the cult of one deity, and his authority as priest was limited to the cult of that deity. “ As for the rituals, priests would deliver prayers; they had libations all in a religious ceremony. The animal sacrifice was often closed with the analysis...
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...company that would bring “ humanity back to air travel” despite the fact that U.S. airline industry had lot failures over the past 20 years. JetBlue had target its strategy and operating philosophy by offering customers low –fares tickets, high performance of customer service, providing new aircrafts and focused on point-to-point service to large metro areas. JetBlue’s operating strategy had produced the lowest cost per available-seat-per-mile of any major U.S. airline in 2001- 6.98 cents versus an industry average of 10.08 cents. JetBlue’s early success was often attributed to his extensive experience with airline start-ups. In 2002, Southwest airline was the pioneer in low-fare air travel. It was also the fourth-largest carrier in America and in the world. JetBlue remained profitable during the recession in the airline industry in the terrorist attacks of September 2001. To support the company’s growth, management was ready to raise additional capital through a public equity offering. With co-lead manager Morgan Stanley, the initial price range for JetBlue shares, was $22 to $24. The demand had excess the supply, 5.5 million of shares planned for the IPO while management had recently filed an increase in the IPO range ($25 to $26). The most recent IPOs among low-fare airlines were of non-U.S. carriers. Ryanair, WestJet, and easyJet had gone public with trailing EBIT multiples of 8.5X, 11.6X, and 13.4X, respectively, and first-day returns of 62%, 25%, and 11%, respectively...
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...Case Outline of JetBlue Airways Corporation I. Problem: The main problem facing JetBlue Airways Corporation is: how to maintain low-costs structure and continue enlarging its market share in the competitive airline industry with increasing fuel costs. II. Strategic Considerations A. Industry Analysis 1. History a). American aviation pioneers attempted to start airlines using airships in the mid-19th industry. b). Aktiengesellschaft was world’s first airline which was founded in November 16, 1909 with the government assistance, and operated airships manufactured by Zeppelin Corporation. c). Tony Jannus conducted the United States’ first scheduled commercial flight on January 1914. d). In 1918, the United States Postal Service won the financial support from Congress to begin air mail service. e). In 1925, Stout Aircraft Company began to construct Ford Trimotor with 12-passenger capacity which became the first successful American airliner. f). At the same time, Pan American World Airways created an air network that linked America to the world. g). At the end of twenty century, a new style of cost airline appeared, offering a no-frills product at a lower price. The representative low-cost carriers are Southwest Airlines, JetBlue and AirTran Airways. h). The September 11th terrorist attacks resulted the airline industry bailout which lost $30 billion with 100,000...
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