...small businesses to large manufactures, just to decorate in a different point of view. A child loves to surprise an adult with a macaroni necklace he or she constructed at pre-school. A teenage male presents his girlfriend with his class pin as he promises to be faithful to her. Celebrities walk down the red carpet at a premier wearing a high designers’ tiara that goes with her necklace, bracelet, and earring set to accent her designer dress. Society, young and old, will always love the surprise of jewelry. A new piece of jewelry will always make a person feel special. Product Deciding to market a certain item takes a lot of research. Once corporations decide on a product, there are numerous steps before a product can continue on to the next step. These steps can be from deciding what type of product to produce and end up deciding where to put a product that people can buy. Products that people can buy everyday go through many steps before society can purchase the item. For example, I have chosen to focus on jewelry and the journey it takes to find the way into my jewelry box. Committees will gather together with a creator to discuss the creation of the jewelry. This can include...
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...Introduction There are many factors that affect the decision to purchase a home besides the American Dream. For most people, having a stable income is not sufficient enough to make a purchase of a home. There are economical factors that can play a detrimental role where making the wrong decision can become costly. Such factors include some of the ten principles of economics and the strength of the economy as a whole. All of these factors play a role in which I decide if buying a home is in my best interest. There are ten principles of economics; these principles are based on the ways that people make decisions, how people interact, and how the economy works as a whole. In deciding to purchase a home, the principals that weigh on my decisions are: facing trade offs, the cost of something is what you give up to get it, rational people think at the margin, markets are usually a good way to organize economic activity, and a country’s standard of living depends on its ability to produce goods and services. The trade off to owning a home is expense. Owning a home is more expensive than renting a home. This is because the owner pays for all repairs, maintenance, and upkeep. The owner also pays for all utilities. When renting a home, since the owner pays the cost of repairs, maintenance, upkeep and some utilities, the renter does not have to come out of pocket for these costs. Along with owning a home comes property taxes, which in my...
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...Xeco 212 Checkpoint: a New House – Readiness Checkpoint: A New House – Readiness Leonard Sugue University of Phoenix XECO 212 Economic Theory Audra Sherwood February 17, 2011 A New House – Readiness Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. Examine the decision-making process from the perspective of an economist. In your Final Project, you use these principles and other factors to make a final decision whether to buy a house. Purchasing a home for the first time can be overwhelming. A house can be the largest investment someone makes. It can provide advantages, but it can present disadvantages as well. The following principles can be used when deciding to purchase your first home: People Face Trade-offs (Mankiw, 2007) The Cost of Something Is What You Give Up to Get It (Mankiw, 2007) When deciding to purchase a home, the principle “People Face Trade-offs” can be applied to help make a final decision. Making decisions requires trading off one goal against another (Mankiw, 2007). The buyer must sacrifice a little to gain a lot. First time home buyers must realize that it takes a lot of money to purchase a home. Buyers must sacrifice...
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...Choosing a Car Choosing a car to buy is one of many important choices in life. Most people are very picky when it comes to choosing a car. The three important factors when buying a car are the price, appearance, and the name brand. When buying a car, the price of the vehicle is important. If the customer is a wealthy individual, they would purchase a new car. When buying a new car the buyer is able to test drive the vehicle, and if the car and price meets their demand they are ready to buy the vehicle. If a customer is looking for a cheap car, they would purchase the vehicle from a used car lot or a car auction. At a used car lot you are able to test drive the vehicle and see how the brakes and other features work. In contrast, at a car auction the consumer is only allowed to see what the car looks like and listen to how the engine sounds on each vehicle that is being auctioned. Then, when they find the one that will best meet their demands, they will place a bid. Looks mean everything when it comes to choosing a car. When buying a car most people choose their car based on what color it is and the appearance of the car itself. Before picking a color for their vehicle, the customer looks the appearance of the car such as size of the vehicle and the interior of the vehicle. If the customer wants a large vehicle where they can haul heavy objects such as a trailer, they would purchase a heavy duty truck such as a Ford F150. If they are looking for a family vehicle they would...
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...assistant manager. That was an easy decision to make. I was already performing the work. My store caters as well as serving customers. Some catering orders have to be delivered, which is where my problem came into play. I did not have a car! I needed one in order to make deliveries. I was given until April 1 to buy a car, or I would forfeit my position. The first step after identifying my problem was deciding where to buy a car. I talked to my parents about my problem and they suggested that I go to the place they bought their car. The second step was deciding whether to use my parents’ dealership or going to a used car lot that I had heard great things about. I decided to go to the dealership. After waiting around for over an hour, I learned that my credit would not allow me to buy a new car, even though I had the down payment required. I then went to the used car lot and left with a good utility truck that is big enough to deliver large catering orders. My decision making process was very similar to the one described in the text. First I identified my problem (I needed a car). Second, I generated alternative solutions (buying a car). I then made the choice of where to buy a car. Next, I implemented my decision. After evaluating my decision, I realized that I had left out step 3 of the decision making process, evaluating my alternatives (Bateman & Snell, Chapter 3, 2011). Had I not skipped step 3, I would have looked at my credit and discovered that my credit was not bad...
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...A New House - Risks and Benefits XECO/212 When to deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. Examine the decision-making process from the perspective of an economist. In your Final Project, you use these principles and other factors to make a final decision whether to buy a house. Purchasing a home for the first time can be overwhelming. A house can be the largest investment someone makes. It can provide advantages, but it can present disadvantages as well. The following principles can be used when deciding to purchase your first home, “People Face Trade-offs” (Mankiw, 2007) or “The Cost of Something Is What You Give Up to Get It” (Mankiw, 2007). When deciding to purchase a home, the principle “People Face Trade-offs” can be applied to help make a final decision. The making of the decisions requires trading off one goal against another (Mankiw, 2007). The buyer must sacrifice a little to gain a lot and a first time home buyers must realize that it takes a lot of money to purchase a home. The buyers must sacrifice things such as vacations, movies, special occasions, and extracurricular activities to save money. The money you save is important to provide the down payment, home...
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...Checkpoint: A New House – Readiness Leonard Sugue University of Phoenix XECO 212 Economic Theory Audra Sherwood February 17, 2011 A New House – Readiness Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. Examine the decision-making process from the perspective of an economist. In your Final Project, you use these principles and other factors to make a final decision whether to buy a house. Purchasing a home for the first time can be overwhelming. A house can be the largest investment someone makes. It can provide advantages, but it can present disadvantages as well. The following principles can be used when deciding to purchase your first home: People Face Trade-offs (Mankiw, 2007) The Cost of Something Is What You Give Up to Get It (Mankiw, 2007) When deciding to purchase a home, the principle “People Face Trade-offs” can be applied to help make a final decision. Making decisions requires trading off one goal against another (Mankiw, 2007). The buyer must sacrifice a little to gain a lot. First time home buyers must realize that it takes a lot of money to purchase a home. Buyers must sacrifice things such as vacations, movies, special occasions, and...
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...I create a budget, make a list of my necessities, and set financial goals, I am able to avoid financial snares. Create a budget, this allows me to have certain amount of money in a week to spend. A way of doing this is by setting aside a specific amount of my allowance spending and save the rest. I specify the amount of money I will need to spend monthly and I try not to go over my specified budget. Another way deciding how much money I want to spend on certain things. I try to find the best bargains possible. If there is something that I want and it is expensive, I try to wait and save up in order to buy the specific thing. By doing this, I do not have to go into my savings in order to buy something that was not needed immediately. A major factor of sticking by my budget is learning to say no. I try to avoid places where I may be tempted into overspending. In addition, I avoid associating with people who like to spend their money without considering the consequences. Making a list of necessities is another effective way of managing money. I can do this by deciding what things would be needed and what is not needed. In. This way I can be sure that I am spending my money...
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...LAPTOP VERSUS TABLET: WHICH ONE TO BUY Laptop Versus Tablet: Which One to Buy Wiley Hatchett Introduction to Management Information Systems Professor Edwin Otto October 25, 2015 The main factors that you should consider before you decide to buy a laptop or a tablet are cost, memory, keyboard and mouse, touch screen and screen size. Laptops can come with more internal memory and have the ability to have external hard drives, where tablets come also with internal memory and some have the ability to add expandable memory up to a certain size. Laptops have a keyboard and touch pad and tablets are touch screens and can have a Bluetooth keyboard attach to them that is sold separately. The next thing to consider is size a laptop can have a bigger screen size and a tablet largest screen size is 10.1 inches. Laptops can be attached to a printer for those items that need to be printed and tablets can print but the printer has to be a WIFI printer and attached to a wireless network. You have to also think about what you can hook to a laptop and a tablet. For example you can attach a laptop to an external monitor and well the tablet you cannot. Now you can down load an app for the tablet to hook to a smart TV but with the laptop you can use a HDMI cord from the HDMI port too hook to any TV with a HDMI port. They are both portable, which means they can be taken anywhere, which is one of the main reasons to want to purchase one of these items. The battery life is another...
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...CHOOSING THE RIGHT COMPUTER SEPTEMBER 22, 2013 AMERICAN INTERCONTINENTAL UNIVERSITY ONLINE ABSTRACT Computers are being used for almost everything nowadays. People have hard decisions on what make and model computer they want to buy. Some people do not want to spend a lot on a computer, and some do not mind spending a lot on a computer or laptop. CHOOSING THE RIGHT COMPUTER Choosing a computer can be quite hard for some customers. So when it comes to buying a computer some people decide to research them before picking one out. This can be hard for a first time computer buyer, because they do not really know what to look for. This paper will give different views on three model computers. Hewlett Packard Computers and Laptops Hewlett Packard’s desktop and laptop brands set the trend in windows computing. HP pavilion desktops provide a wide array of series from A6000 to high end D4000 series. They provide hundreds of gigabytes of storage. These computers have high end multimedia systems with Elite models. HP’s also have all in one models. The prices for HP laptops range from $479.99-$879.99. For the modem they range from $499.99-$1,129.99 and the monitors range from $129.99-$199.99. These prices are not really that bad for someone that is willing to spend this amount for their computers. A lot of people choose HP because they like the product and it works well for them. APPLE COMPUTERS Apple runs on a MAC operating system, this is the only computer brand...
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...the rest. Specify the amount of money one will need to spend monthly and try not to go over your specified budget. One also should decide how much money one want to spend on certain things. Try to find the best bargains possible. The majority of the time when one shops around, one is able to find things at a lower price rather than jumping at the first chance one gets. If one finds something that one wants and it is expensive, one should wait and save up in order to buy the specific thing. By doing this, one does not have to go into your savings in order to buy something that was not needed immediately. A major factor of sticking by your budget is learning to say no. One should try to avoid places where one may be tempted into overspending. In addition, one should avoid associating with people who like to spend their money without considering the consequences. One should also make a list of their necessities. One can do this by deciding what things would be needed and what is not needed. One can do this by deciding what things are necessary. In addition, one would want to decide what things could wait. Sometimes things can be put off until another time. Another major factor is not buying on impulse but one should think before acting. This way one can be sure that they...
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...The following report consists of an analysis of the company budget, identification of key variances and findings, and suggestions on operational changes. A description of the budget process will be presented to pinpoint variances and their causes. Based on these variances, operational changes will be suggested and explained while considering business ethics. Recommendations on particular component production as well as nonfinancial performance measures will be made and accompanied by supporting evidence. First, the following is a brief overview of the budget and budget process. Budgets are an indicator of the costs and revenues linked to each of the companies activities and a way of providing information and supporting mangement decisions throughout the year (Nobles et al., 2014). Budgeting requires managers to plan for the company’s future based on a formalized plan (Nobles et al., 2014). In order to begin this cyclical, formalized plan, companies must first establish their objectives (Nobles et al., 2014). Then the company formulates stratgies to achieve these objectives and creates a budget based on these strategies (Nobles et al., 2014). After the budget has been prepared, business operations (i.e. production, processing, etc.) begin and as financial periods end the results are compared to the initial budget (Nobles et al., 2014). Once the budgets are compared, the company can alter the existing strategy or develop an entire new one, and then continue on through the budget...
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...Leasing versus Purchasing Team A FIN 370 October 19, 2015 Ms. Yvonne Downer Leasing versus Purchasing Firms are facing financing decisions on a daily basis such as the length of the obligation they want to incur’. Firms have to decide whether it is short-term of less than a year, long-term for twenty years or more or something in between. Intermediate debt is debt that is between five and ten years in length and is either term loans or a lease on real estate or equipment. A firm will consider many factors in deciding whether to take a loan for the purchase of the asset to be used or to lease the asset. Herbert Mayo lists several variables firms that should be looking at when deciding to buy or to lease “These include the firm’s tax bracket, the terms of the lease, the asset’s anticipated residual value, and the cost of obtaining funds to buy the asset (Pg. 589)”. The firm must also conduct a cost analysis to determine which method will be the most cost effective to the firm by determining the present value of both purchasing and leasing the asset. The firm will purchase the asset if the costs are less than the cost of leasing, and will lease the asset if the costs of leasing are less than the cost of purchasing. The firm must also decide if they what ownership of the asset. (Mayo, H.B., 2012) Leasing or renting, is a contractual obligation between a lessee, the person leasing, and a lessor, which is the owner of the asset being leased. Leasing contracts can...
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...engineering workstation product. As time has gone on this company has changed their vision. In the beginning it started out with “Build Something That People Will Buy (Palmer).” In the early 1980’s this vision was changed to “Beat Daisy (Palmer)”, due to the fact that this was a competitor that they were trying to beat out with sales. In 1985 they had accomplished this vision and needed to find a new one. At this point they needed to find a new vision. They chose “Six Boxes (Palmer),” this was because that would represent the six different businesses that they wanted to become leaders in. In the late 1980’s one of the businesses that was included in the vision was no longer a part of Mentor Graphics. This vision however caused them to not be able to make the proper decisions that were needed. This is when they decided to change the vision yet again. This time it was changed to “ 10X Imperative ( Palmer).” In 1989 yet another vision was decided upon. This one, “Changing the Way the World Designs Together (Palmer),” the problem with this vision was that it did not make since with what the company was doing at the time. As they realized that this vision was distracting from what the company was trying to do they chose yet another vision, “Our current short,-medium-, and long term vision is to build things people will buy (Palmer).” The problem with this vision is that it makes one feel that this is a company that is not really sure what they are doing and where they are heading...
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...completely fine on most game, on the other hand, a 1000$ MacBook would not even be able to run almost any modern game without major issues. Building your own PC has become the cheapest method of all. Online at sites, such as Newegg, offer more options and cheaper alternatives for hardware and software. Macs may have fewer viruses, but are expensive and become obsolete in a few short years. The same thing happens to PCs, except, they're cheaper. This shows that PC is much more cost effective, even though Mac has become extremely popular over the last few years. Reliability is yet another deciding element when faced with purchasing a new computer system. One always hopes they never run into any problems with their computers, but when problems do occur, both Mac and the PC have several deviated methods. When hardware failure becomes an issue in a Mac, the only option available is to send it back, or buy a new one. Macs can be compared to fancy, expensive cars that run on a single...
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