...known to produce the best wool in the world; hence it has dominance in the worlds market of Merino wool of 50% and greasy wool of 27% as of June 2001 (ABS, 2007). In the early 1970’s to stabilise the declining price of wool, the Australian Wool Council (AWC) implemented a minimum price floor scheme to protect the Australian wool producers. The price floor for wool began in 1974 and ended in 1991 as “there was no plan to cope with the sharp reversal in the supply-demand situation.” (Clancy, The reason wool was knocked to the floor, 2011). 1.2 Price floor Price floor refers to the minimum price level in which a commodity can be sold in the market (Hubbard, Garnet, Lewis, & O'brien, 2010). It is usually illegal to sell the commodity below the stipulated price. This is a price that is higher than the equilibrium price that the market is prepared to pay for that commodity (Taylor, 2006). In the 1990s the Australian government imposed a price floor in the wool market with the view of protecting sheep farmers and providing them the assurance that they would not be affected by the price fluctuations in the global wool market. The move was aimed at facilitating growth in the industry, creating jobs and improving the standard of living of Australian farmers. In addition, the price floor prevented market from getting into price competition (Bardsley, 1994) Following diagram (Figure 1) shows the demand curve of a commodity that has price floor. Price of Wool FIGURE 1 D S...
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...Sheep Management Plan for Roseworthy Lamb Enterprise Created 2010 Source: Orrie Cowie Merio and Poll Merino Stud (2010) Project goals: * Mate Merino ewes with Poll Dorset rams to produce 900 --24kg export lamb carcass * Maximise profit on wool and lamb export carcass * Aim to produce at least 900 Merino x Poll Dorset lambs for export Key performance Indicators from Roseworthy feed demand calculator (2010) * Liveweight produced , sheep =140 tonnes * Liveweight produced per hectare allocated to sheep =281 kg/ hectare/ year * Pasture demand as % of pasture growth =55% * Pasture deficit, using freshly grown supply= 1000 tonnes / year * Pasture deficit, using supply with carryover = 353 tonnes / year Scope of Plan * Part 1: Manage pasture growth at Roseworthy * Part 2 : Manage reproduction of Merino ewes with Poll Dorset rams * Part 3: Lamb finishing strategy * Part 4: Manage wool quality of Merino ewes Abbreviations Merino ewe: ME Poll Doset ram:PDR Merino X Poll Dorset lamb: MxPDL Prediction calculations : * 900 Merino ewe (each around 50-60kg; average 55 kg liveweight)=55x900=49500 kg * 900 Poll Dorset ram (each around 60-70kg; average 65kg liveweight )=65x900=58500 kg * Predicted at least 900 lambs produced , each will be slaughtered at 21 weeks of age at 50kg= 900x50= 45000kg * Hectare of land needed per year : = 545 hectare of land /year Part 1. Management of pasture growth at Roseworthy Pasture management is important...
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...responsible business practice in Australia is a project of St James Ethics Centre © St James Ethics Centre 2 Contents Acknowledgments Summary Introduction Key findings The way forward Recommendations Introduction Brotherhood of St Laurence Gorman Industries Understanding the clothing industry Corporate responsibility and “sustainability” Developing tools for responsible business practice Roadmap methodology How we went about it Who we spoke to Overview of the garment supply chain The clothing industry roadmap Key sustainability issues in the garment sector Case study: Gorman Who is Gorman? The Gorman roadmap: Merino Tee and Forest Dress Unpicking the garment roadmap Design and production management Wool and cotton cultivation Processing raw materials and yarn manufacturing Knitting and weaving Fabric processing Cut make and trim Retailing and wholesaling Consumer use Textile waste and disposal Freight Towards sustainable garments Garment industry drivers Sources of information the HUB of responsible business practice in Australia is a project of St James Ethics Centre © St James Ethics Centre 5 6 6 7 11 12 14 14 15 15 17 18 19 19 20 22 22 23 28 28 29 32 32 34 39 43 45 48 51 55 56 58 60 60 61 3 Tools and resources Role of government Conclusions Recommendations Glossary of selected certification standards References the HUB of responsible business practice...
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...store has in stock – but it doesn’t offer delivery. 2- Apparel designers in Australia are able to produce top quality fashion at competitive prices. With their skill they are able to compete successfully with other international labels being marketed in the country. Local designers are well informed about the latest brands being developed in the US and European markets and they are also up-to-date with designs unique to Australian market. Italy, being the traditional supplier in the high-end designer-wear, is the major competitor for designer imports, whereas China is the major source of garments being offered at lower to mid end of the market. Strengthened by the runaway success in the domestic Australian market the company adopted an expansionary strategy to enter into the vast US market characterized by high volume low cost products. Simultaneously the company adopted expansion plans to enter into other geographical locations like New Zealand and Asian markets. However, because of lack of knowledge on the product offering that should be made to these new markets, the company had to exit from these markets 1- Business Strategy Analysis The Australian apparel market at the time Country Road entered was characterized by high-cost low quality products. Designer apparels were mostly imported from Italy selling at very high prices leaving the average customer limited choice in the low to mid end apparels. Country Road visualized...
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...Government of India Ministry of Textiles (International Trade Section) *** Sub: Note on Textiles & Clothing Exports of India. 1. Introduction India’s textiles and clothing industry is one of the mainstays of the national economy. It is also one of the largest contributing sectors of India’s exports worldwide. The report of the Working Group constituted by the Planning Commission on boosting India’s manufacturing exports during 12th Five Year Plan (2012-17), envisages India’s exports of Textiles and Clothing at USD 64.41 billion by the end of March, 2017. The textiles industry accounts for 14% of industrial production, which is 4% of GDP; employs 45 million people and accounts for nearly 11% share of the country’s total exports basket. 2. Milestones i) Exports of textiles and clothing products from India have increased steadily over the last few years, particularly after 2004 when textiles exports quota stood discontinued. ii) India’s Textiles & Clothing (T&C) exports registered a robust growth of 25% in 2005-06, recording a growth of US$ 3.5 billion over 2004-05 in value terms thereby reaching a level of US$ 17.52 billion and the growth continued in 2006-07 with T&C exports of US$19.15 billion recording a increase of 9.28% over the previous year and reached USD 22.15 billion in 2007-08 denoting an increase of 15.7% but declined by over 5% in...
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...Executive Summary Feltex Carpets Ltd. is the largest Australian carpet manufacturer. The company has experiences in internationalization in countries such as USA, Japan, Southeast Asia and New Zealand. However, the company is interested in expanding their market power to new destinations, to improve their multinational strategy and to be well-known worldwide. The countries of potential choice are Mexico and Chile. The analysis has been done by comparing the overall information and in-details of each indicator. From evaluation of indicators of both countries, such as economic, social, legal and infrastructure, the analysis has shown that the economy of both countries are quite similar. However, the infrastructure, technological and legal environment seem to be better in Chile. As the Chilean government support the foreign investment in textile sector by promoting the education, technological development and the special policy especially for textile. For instance, tax reduction and promoting education in labour forces. Thus, Chilean labour forces would have the better off in comparison with Mexican labour forces. Another highlighted indicator in the country comparison - which the recommendation has inclined - is infrastructures. Both countries have the similar relative figures in number of infrastructure such as roadway, waterway and airports. But the infrastructure of electricity and internet/telephone networks seems to be at a higher level in Chile. The analysis of relevant...
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...0 Contents Executive Summary ..................................................................................................................................... 3 1. Introduction ......................................................................................................................................... 6 2. Trade in Goods ................................................................................................................................... 7 2.1 Bilateral Trade between Australia and China .............................................................................. 7 2.2 South Australian Trade with China .............................................................................................. 8 2.2.1 Disaggregated Analysis of South Australian Trade with China ........................................... 8 2.2.2 South Australia’s trade and comparative advantage ........................................................... 9 2.2.2.1 South Australia’s Revealed Comparative Advantage in comparison to other States and Territories .......................................................................................................................................... 12 2.2.2.2 2.2.2.3 Disaggregated Analysis of Key Agricultural Products ....................................................... 18 2.2.2.4 Possible Impacts of ChAFTA Commitments on Agriculture for South Australia ............... 20 2.2.2...
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...MINISTER’S FOREWORD The Hon Kevin Rudd MP Prime Minister of Australia Our first car took to the road as early as 1897, when David Shearer demonstrated his steam-driven horseless carriage in South Australia. Yet it would be two generations before the first 48-215 Holden came off the line in 1948, and motor vehicle production began in earnest. That’s a measure of how hard it is to establish an automotive industry, and a reminder of why Australian governments have dedicated themselves to ensuring that we remain a car-making country. In the past, governments have tried to protect the industry with tariffs and quotas. The Button Plan of the 1980s showed there was a better way. If we want the Australian car industry to prosper, we have to make it stronger — more innovative, more productive, more competitive and more export-focused. That’s what A New Car Plan for a Greener Future aims to do. Australia is one of only about fifteen nations in the world today that can create a car from scratch — taking it from the drawing board to the showroom floor. And because the modern car integrates just about...
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...Chapter Aims • Outline the functions of the Australian financial system • Identify the elements of the Australian financial system Overview of Financial Systems • A financial system facilitates financial transactions through the creation and transfer of financial assets • The key elements of the Australian financial system are □ Financial instruments □ Financial markets □ Financial institutions Functions of a Financial System • Facilitates the efficient flow of funds between lenders and borrowers via financial instruments • Allows individuals to allocate funds according to current and future consumption • Facilitates the implementation of government monetary policy Financial Instruments • Attributes of financial instruments □ Return or yield □ Risk □ Liquidity □ Time pattern of cash-flows 1. Equity □ Shares represent an ownership position □ An entitlement to share in the profits of the organisation □ Equity types – Ordinary shares – Preference shares – Quasi-equity instruments 2. Debt □ Debt instruments represent a contractual claim on the borrower to make specific payments in the form of interest and principal amounts □ Debt may be issued with a fixed or floating interest rate, or at a discount, secured or unsecured, short or long-term 3. Derivates □ Derivate instruments derive their price from physical market instruments (either equity...
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...COMPILATION OF CASE LAWS LAW OF TORT 1. DONOGHUE V. STEVENSON (1932) AC 562 On the evening of Sunday 26 August 1928, Mrs May Donoghue, boarded a tram in Glasgow for the thirty minute journey to Paisley. At around ten minutes to nine, she and a friend took their seats in the Wellmeadow Café in the town's Wellmeadow Place. They were approached by the café owner, Francis Minghella, and May's friend ordered and paid for a pear and ice and an iced drink. The owner brought the order and poured part of a bottle of ginger beer into a tumbler containing ice cream. May drank some of the contents and her friend lifted the bottle to pour the remainder of the ginger beer into the tumbler. On doing so, it was claimed that the remains of a snail in a state of decomposition plopped out of the bottle into the tumbler. May later complained of stomach pain, and her doctor diagnosed her as having gastroenteritis. She also claimed to have suffered emotional distress as a result of the incident. On 9th April 1929, Donoghue brought an action against David Stevenson, aerated water manufacturer Paisley, in which she claimed £500 as damages for injuries sustained by her through drinking ginger beer which had been manufactured by the defender. May had not ordered or paid for the drink herself, so there was no contractual relationship between May and the café owner. Tort law at this time did not allow for May to sue the café owner. There was a contractual relationship between him...
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...International Finance & Global Capital Markets Exposure Management Himanshu Bhutani A014| Dawood Bukhari A015 Shibani Gujrati A025| Siddhant Anthony Johannes A033 Nishtha Sardana A054| Prateek Walia A063 1 INDEX 1. Introduction…………………………………………………………………………………..3 2. Operational Exposure………………………………………………………………………..9 3. Transaction and Translation Exposure…………………………………………….……..11 4. Other Strategies used by Companies to Hedge Exposure……………………...………19 5. Case Studies: Hedging Strategy used by Companies………………………….………..20 2 INTRODUCTION Foreign exchange exposure represents a material risk for multinational corporations which are unrelated to business operations. One needs to identify each foreign exchange exposure, the risk it represents and methods and costs available to limit such exposure. The value of a firm’s assets, liabilities and operating income changes continuously due to change in factors such as exchange rates, interest rates, inflation etc. In other words, a firm is “exposed” to uncertain changes in a number of variables in its environment. Exposure may therefore be defined as a measure of sensitivity of the value of a financial item to changes in the macro economic variables mentioned above. Risk refers to the variability of the value of the item. FOREIGN EXCHANGE EXPOSURE Foreign Exchange Exposure occurs because of unanticipated change in the exchange rate. For example the difference in the spot rate & one month forward rate is 0...
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...COLLAPSE HOW S O C I E T I E S CHOOSE TO FAIL OR S U C C E E D JARED DIAMOND VIK ING VIKING Published by the Penguin Group Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, U.S.A. Penguin Group (Canada), 10 Alcorn Avenue, Toronto, Ontario, Canada M4V 3B2 (a division of Pearson Penguin Canada Inc.) Penguin Books Ltd, 80 Strand, London WC2R ORL, England Penguin Ireland, 25 St. Stephen's Green, Dublin 2, Ireland (a division of Penguin Books Ltd) Penguin Books Australia Ltd, 250 Camberwell Road, Camberwell, Victoria 3124, Australia (a division of Pearson Australia Group Pty Ltd) Penguin Books India Pvt Ltd, 11 Community Centre, Panchsheel Park, New Delhi—110 017, India Penguin Group (NZ), Cnr Airborne and Rosedale Roads, Albany, Auckland 1310, New Zealand (a division of Pearson New Zealand Ltd) Penguin Books (South Africa) (Pty) Ltd, 24 Sturdee Avenue, Rosebank, Johannesburg 2196, South Africa Penguin Books Ltd, Registered Offices: 80 Strand, London WC2R ORL, England First published in 2005 by Viking Penguin, a member of Penguin Group (USA) Inc. 13579 10 8642 Copyright © Jared Diamond, 2005 All rights reserved Maps by Jeffrey L. Ward LIBRARY OF CONGRESS CATALOGING IN PUBLICATION DATA Diamond, Jared M. Collapse: how societies choose to fail or succeed/Jared Diamond. p. cm. Includes index. ISBN 0-670-03337-5 1. Social history—Case studies. 2. Social change—Case studies. 3. Environmental policy— Case studies. I. Title. HN13. D5 2005 304.2'8—dc22...
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...Pre-Feasibility Study DAIRY FARM (25 Animals) Small and Medium Enterprise Development Authority Government of Pakistan www.smeda.org.pk HEAD OFFICE 6th Floor LDA Plaza Egerton Road, Lahore Tel 111 111 456, Fax 6304926-7 Website www.smeda.org.pk Helpdesk@smeda.org.pk REGIONAL OFFICE REGIONAL OFFICE SINDH NWFP 5TH Floor, Bahria Complex II, M.T. Khan Road, Karachi. Tel: (021) 111-111-456 Fax: (021) 5610572 helpdesk-khi@smeda.org.pk Ground Floor State Life Building The Mall, Peshawar. Tel: (091) 9213046-47 Fax: (091) 286908 helpdesk-pew@smeda.org.pk REGIONAL OFFICE PUNJAB REGIONAL OFFICE BALOCHISTAN Bungalow No. 15-A Chaman Housing Scheme Airport Road, Quetta. Tel: (081) 831623, 831702 Fax: (081) 831922 helpdesk-qta@smeda.org.pk 8 th Floor, LDA Plaza, Lahore, Tel: (042) 111-111-456 Fax: (042)6304926-7 helpdesk@smeda.org.pk October, 2008 Pre-Feasibility Study Dairy Farm (25 Animals) 1 INTRODUCTION TO SMEDA..........................................................................................................4 2 PURPOSE OF THE DOCUMENT.....................................................................................................4 3 CRUCIAL FACTORS & STEPS IN DECISION MAKING FOR INVESTMENT ..........................5 3.1 3.2 3.3 3.4 STRENGTHS ................................................................................................................................5 WEAKNESSES..................................................................
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...Pre-Feasibility Study DAIRY FARM (25 Animals) Small and Medium Enterprise Development Authority Government of Pakistan www.smeda.org.pk HEAD OFFICE 6th Floor LDA Plaza Egerton Road, Lahore Tel 111 111 456, Fax 6304926-7 Website www.smeda.org.pk Helpdesk@smeda.org.pk REGIONAL OFFICE REGIONAL OFFICE SINDH NWFP 5TH Floor, Bahria Complex II, M.T. Khan Road, Karachi. Tel: (021) 111-111-456 Fax: (021) 5610572 helpdesk-khi@smeda.org.pk Ground Floor State Life Building The Mall, Peshawar. Tel: (091) 9213046-47 Fax: (091) 286908 helpdesk-pew@smeda.org.pk REGIONAL OFFICE PUNJAB REGIONAL OFFICE BALOCHISTAN Bungalow No. 15-A Chaman Housing Scheme Airport Road, Quetta. Tel: (081) 831623, 831702 Fax: (081) 831922 helpdesk-qta@smeda.org.pk 8 th Floor, LDA Plaza, Lahore, Tel: (042) 111-111-456 Fax: (042)6304926-7 helpdesk@smeda.org.pk October, 2008 Pre-Feasibility Study Dairy Farm (25 Animals) 1 INTRODUCTION TO SMEDA..........................................................................................................4 2 PURPOSE OF THE DOCUMENT.....................................................................................................4 3 CRUCIAL FACTORS & STEPS IN DECISION MAKING FOR INVESTMENT ..........................5 3.1 3.2 3.3 3.4 4.1. 4.2. 4.3. 4.4. 4.5. 4.6. 4.7. 5.1 5.2 6.1 6.2 6.3 STRENGTHS ................................................................................................................................5 WEAKNESSES...........
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...CSS GENERAL KNOWLEDGE MCQS General Knowledge Q/A Q/A 1. The river Danube rises in which country? Germany. 2. Which US state has the sugar maple as its state tree and is the leading US producer of maple sugar? Vermont. 3. Which country is nicknamed ‘The Cockpit of Europe’ because of the number of battles throughout history fought on its soil? Belgium. 4. What is the capital of Libya? Tripoli. 5. Apart from French, German and Romansch, what is the fourth official language of the Switzerland? Italian. 6. Which country is the world’s largest producer of coffee? Brazil. 7. In which city was the world’s first underground train was service opened in 1863? London. 8. How many pairs of ribs are there in the human body? 12. 9. Which country is separated form Ethiopia by the Red Sea? Yemen. 10. What is the main port of Italy? Genoa. 11. Mount Logan is the highest peak in which country? Canada. 12. In which state is Harvard University? New Jersey. 13. Which is larger: Norway or Finland? Finland. 14. Which city was the first capital of the Kingdom of Italy until 1865? Turin. 15. What is measured by an ammeter? Electric current. 16. What is a rhinoceros horn made of? Hair. 17. Which three countries, apart from the former Yugoslavia, share borders with Greece? Albania, Bulgaria, Turkey. 18. The Palk Strait separates which two countries? India and Sri Lanka. 19. Ga is the symbol for which element? Gallium. 20....
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