...some households, the type of insurance one can afford, and the wider variety of vehicles that are options for ownership. New vehicles offer warranties, no previous owner and original new car smell, and the biggest issue a huge car payment and outrageous insurance payment to keep up with the “Brand New Car!”(Drew Carey, Price is Right). Used vehicles offer ownership sooner than new vehicles. A larger car payment is more common on a brand new vehicle. In this economic hardship that the nation is enduring at this time many households can afford to pay a smaller payment in order to own quicker. With a new car it may take up to two years before you can flat out own your vehicle and you have to pay for monthly upkeep and gas. The maintenance needed for a vehicle can be pricey and if you have a larger payment with a new vehicle some repairs may not be in your budget or covered by certain warranties. If the used vehicle has a repair needed the money you saved from owning the used vehicle will leave extra money for the upkeep of the car. Because some repairs may be caused by an accident that’s where the type of insurance the buyer can afford in the next section insurance will be compared. Comparing Auto insurance quotes on “Gieco Insurance” and “Progressive Insurance” the ranges for a 2002 Ford Focus SE were lower without having full coverage. If buying a new car full coverage insurance would not be optional and would cost for Progressive Auto Insurance “$178.34” (Progresive.com)...
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...to Harrington and Estes, managed care is a term that has been overused and really does not have a specific meaning. “Originally, it referred to health care delivered with a capitated financing mechanism. Then it included health care delivered through contracting networks. Currently it refers to most any health are delivery that is different from fee-for-service health care delivery” (Harrington & Estes, 2008 pg.42). When dealing with managed care usually there is a panel of providers that the individual can use. If they go outside of this panel they will be more likely to have to pay a higher copayment or deductible. Some characteristics of a managed care health plan delivery system include: “explicit standards for the selected health car providers, it also puts emphasis on preventive care, as well as provides financial incentives to ensure the use of the services offered by the managed care organization, there is also a select group of health care providers that provide the comprehensive array of health care to individuals, lastly it has a regular set of utilization review that aims to help improve quality of their programs” (USACoverage, p3). When looking at managed care plans there are several different plans available. There are HMO,...
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...Every business that serves customers within a physical building should have some kind of liability insurance. For beauty salons, professional liability insurance may seem like a luxury item because the costs may cost 1 or 2 percent of your annual expenses. However, every hairdresser that works in a beauty salon needs professional liability insurance in case something happens. What Is Professional Liability Insurance? Professional liability insurance covers losses arising from a claim that the salon failed to perform services correctly. For example, if a curling iron or hair straightener gets too hot and burns a customer, insurance covers any damages caused by the failure. Although the physical object, or the curling iron, hurt the customer, it was a person?s accidental negligence that put the curling iron close enough to the person to cause the failure. Insurance for People...
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...is cheaper to produce. The supply curve shifts to the right because more quantity produced. Price also decreases. Qn2 Personal Insurance. Liability automobile insurance bodily injury liability : held legally liable for damage caused by car or driving eg disability,death, breadwinner is handicapped and can no longer earn for the family. Property damage liability insurance damage to the other persons car or other property eg house that you drove into. COGS in a truck that's hit. Uninsured motorist. The person has no auto insurance. Bodily damages , breadwinner, medical bills. (first party insurance covers your own family and own party) Medical payments only medical bills. Group insurance also included. Possibly not first party liability but if it was your fault. Personal injury protection (no fault states only. Only two no fault states) take care of major injuries. Time off work(breadwinner situation) , medical bills. Physical damage protection collision damage coverage.eg If your car overturns by a certain number of times. This insurance is v expensive if you are a maleand under 25 yrs old. Comprehensive damage eg windshield broken , hit a deer, paint damage maybe due to the government spraying something GAP coverage when you lease a car and a car is on loan, this covers the damage that occurs in the car. → when a car is on...
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...1902. Henry had a vision to build the finest luxury car in the world. Cadillac was the first to design the full electrical systems, the manual transmission, and steel roof. Cadillac was the first car to win the Dewar trophy from the Royal Automobile Club of England and adopts the slogan “Standard of the World.” (Cadillac) Over the years, Cadillac has known to be the car of American success. Cadillac started this reputation by the consumers who drove them such as movie stars and presidents. Cadillac used to market their car as only being for the upper class but it shows that Cadillac now needs to target more of the middle class. Due to there declining sales, the company found themselves looking at a new target market with recent innovations of a new body style for the car and the pricing that would appeal to this market. In order to build Cadillac’s reputation again, Cadillac had to find new ways to market their car. Cadillac was known to be an older males car with their age ranging anywhere from sixty to seventy-five. The sedan style was known to be a bigger car unlike the new sleek sport cars that were hitting the market. This style was doing fine until most of their consumers were ranging from the age of sixty-five to the now deceased. Most of the older generation had the savings to go out and buy a new car every two or three years, but this was just not the case anymore. It was time to come up with a new style for their car in order for the company’s sales to rise...
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...Policy No.: Approval Date: November 2000 The University of British Columbia Board of Governors 83 Last Revision: June 2005 Responsible Executive: Vice-President, Academic and Provost Vice-President, Learning & Research (UBC Okanagan) Vice-President, Administration and Finance Title: Travel and Related Expenses Background & Purposes: Travel is a necessary component in the gathering and dissemination of information and knowledge. The purpose of this policy is to facilitate travel in support of the University’s mission while maintaining controls for accountability. 1. General 1.1. This policy applies to travel expenses paid from all University administered funds, including those from grants and contracts. The University will reimburse the cost of authorized travel expenses incurred by members of faculty and staff and, in special cases, students or other persons, provided that: 1.2.1. the traveller was travelling on University business, or in support of the University’s mission; and 1.2.2. the traveller had advance authority to incur travel expenses (for example, through recognition of travel in a grant budget); and 1.2.3. the expenses are reasonable, appropriately documented, and comply with University policies and procedures, or the policies and procedures of a granting agency or funding contract; and 1.2.4. the expenses are approved for reimbursement by at least one administrative level higher than the person claiming reimbursement. 1.3. Travel supported...
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...Prepared by: Russell Clarke The Internationalization Process of Statement Limousine Service Final Individual Assignment SMEG6000: International & Caribbean Business Environment (Cohort 6) Balraj Kistow 15th August 2014 Contents 1. Executive Summary 3 2. Company Background 4 3. The Business Model 5 4. Preparation: Is Statement Limo Ready? 6 5. Potential Market Analysis 7 7. Market Entry Strategy 9 9. Conclusion 10 10. References 11 2. Executive Summary O f the numerous studies of international business, there has been a clear indication that the internationalization of an organization is a process by which said organization exponentially increases their international involvement over time. With reasonable and verifiable assumptions placed within the realm of economic and business factors, the characteristics of the internationalization process influence has a direct influence on the pattern and pace of this process. This paper will focus on the development of a model for the internationalization of Statement Limousine Service that focuses on its planned acquisition, and integration, into foreign markets. The paper will follow the pattern of the Six steps model, developed by Moberg & Palm. As its name suggests the process involves six steps of the internationalization and are respectively as follows: This model provides a concise idea about the internationalization concerning...
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...honestly say that we are doing everything we can to ensure all Americans (from the bottom of the totem pole to the very top) get the quality medical treatment they deserve? This movie has inspired me to compare the two and venture into the world of politics; a topic many individuals would astray from. All my information and resources are congregated from this very movie. HMO Approximately 250 million Americans have Medical Insurance. There are about 50 million Americans who do not have the luxury of being medically insured. 18,000 Americans will die of no insurance this very year. These are numbers that are hard to fathomed; even harder to grasp as only a statistic. These are not just numbers; they are actual Americans who have been wronged by our very own health care system, and died as a result. Let’s start from the beginning. How did the HMO start in the United States? Who were the “brains” behind this operation? Feb 17, 1971 Richard Nixon and Edgar Kaiser came up with HMO plan. The Idea was to charge all Americans for health care and then deny coverage. This concocted idea of theirs fell into place exactly as they planned. As the years went by, more and more Americans were treated less and less for medical care. The HMO stocks were doubling. The HMO was profiting off of the...
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...rental service by the hour or day on short notice. * A degree of freedom, “low-car” diet. * Car-sharing alternative to a cab service, renting or owning a car. Actual Product * Zipcars are available in 67 cities/metros in the United States, Canada, and the United Kingdom. * Members are given a “Zipcard”, an access card containing a wireless chip that will open the vehicle they have reserved only at the time they have reserved it and the keys stay in the car at all times. * Reservations include driver’s insurance, gas card for the car, reimbursements for fuel obtained at gas stations that do not accept the included gas card, and up to $15 in reimbursements for typical car maintenance items like car washes and window wiper fluid refills. (Zipcar) Augmented Product * Website offers easy account access to pay memberships fees, add money to Zipcard and change driving plan. * Zipcar has teamed up with universities and colleges to offer the convenience of car ownership without having a car on campus. Product Life Cycle * Zipcar, European car-sharing, occupies the Growth Stage of the Product Life Cycle. In 2000, Zipcar was founded by Cambridge, Massachusetts residents. In October 2007, Zipcar merged with rival Flexcar and in April 2010 Zipcar bought London-based car-sharing firm Streetcar in its latest bid to expand across Europe. By 2009 Zipcar became the world’s largest car-sharing service in 49 U.S. cities, Vancouver, Toronto and London and continues to expand...
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...truck-like Bronco and smaller Bronco II. The largest players in the SUV market (with the number of units sold in 2000) are as follows: 22 [pic] In 1997, most auto manufacturers expanded their SUV offerings and entered the luxury SUV market. These SUVs, with prices around $50,000, featured in-vehicle televisions and VCRs, leather interiors, and all the amenities of luxury cars. The new market entrants are listed below: [pic] By 2000, the U.S. segment of the luxury SUV market was 80.5 percent.23 At that time, SUV purchases constituted one of every five auto sales in the United States and were the highest-margin products in all the automakers' lineups .24 Profits per SUV averaged $ 10,000 per unit. Profits on the Ford Excursion were at the top of the field at $18,000 per unit. At that time, SUVs comprised 20 percent of all of Ford's vehicle sales and accounted for the majority of Ford's profits.25 By the summer of 2001, there were some indications of a slowdown in the SUV market. Many attributed the decrease in sales to the price of gasoline and its escalation. However, vehicles that are crossover SUVs, part-auto and part-truck, appeared to be enjoying an increase in sales by mid-2001 .26 In 2002, there were 750 million cars and trucks on the road around the world; 4...
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... | | | Executive Summary Plan Overview: • We made sure to do the SWOT Analysis for BMW. Our strengths are our brand recognition and reputation for quality while our weaknesses are our high repair costs and vulnerability to currency fluctuation. Additionally, our opportunities are increased media attention on the 2012 Olympics and the BMW Championships golf tournament (both of which we sponsor) and our threats are the rising cost of fuel and the severe economic downturn. • We examined several trends affecting BMW and the car industry as a whole. Every automobile manufacturer must find ways to deal with increasingly demanding regulations on emissions and fuel economy from the EPA. Further, BMW’s customers care about being cutting edge, so we must find ways to thoughtfully integrate the latest technologies (navigation system, Bluetooth, HD radio)...
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...description………………………………………………………………………Page No. 1.1 Service………………………………………………………………………………………………………………. 1.2 Product……………………………………………………………………………………………………………… 1.3 Pricing………………………………………………………………………………………………………………… 2.0 The Market Plan………………………………………………………………………………………………… 3.1 Competitive Summary…………………………………………………………………………………. 3.2 Advertising……………………………………………………………………………………………. 3.3 Customer Profile……………………………………………………………………………………. 3.0 Operation Summary…………………………………………………………………………………………. 4.4 Supplier Summary………………………………………………………………………………… 4.5 Location………………………………………………………………………………………………… 4.6 Employment Summary…………………………………………………………………………… 4.7 Regulations………………………………………………………………………………………….. 4.8 Insurance Coverage……………………………………………………………………………….. 4.0 Management Summary……………………………………………………………………………………… 5.0 Action Plan………………………………………………………………………………………………………… 6.0 Financial Information………………………………………………………………………………………… 7.9 Financing Summary…………………………………………………………………………………….. 7.10 Project Costs…………………………………………………………………………………………… 7.11 Sales Forecast……………………………………………………………………………………….. 7.12 Cashflow Forecast…………………………………………………………………………………. 7.0 Executive Summary……………………………………………………………………………………………. 1.0 Products and Services Claire’s Hair Salon will be providing both services and products to better meet our customers’ needs. 1.1 Services Penny’s Hair Salon is considered an upscale, full-service...
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...issues of today is the issue of health insurance and availability of quality health services to all residents of the U.S. This paper will analyze the Obamacare Healthcare Policy-highlighting its core elements, health care problem solution, and the policies history. Also it will evaluate the pros and cons using different perspectives in debate. Let’s begin with the elements of Obamacare. The Patient Protection and Affordable Care Act (PPACA), also called Obamacare or the Affordable Care Act, is a United States federal statute signed into law by President Barack Obama on March 23, 2010 (ObamaCare Summary: A Summary of Obama's Health Care Reform, 2013). Since the establishment of Medicaid and Medicare of 1965, Obamacare is one of the most significant expansions from the government and administrative overhaul of the U.S healthcare system. The purpose of the Patient Protection and Affordable Care Act is to raise the rate of health coverage of Americans, to modernize the delivery of health care services, and to reduce the overall costs of health care. This is to be done by restricting certain insurance company practices and providing tax credits and subsidies for individuals and businesses. Prior to the approval of the Obamacare Policy, the American health care industry was in deep calamity. Around 50 million people had no health insurance. Many people with pre-existing conditions were being disallowed from getting health insurance because there was a chance that certain...
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...Answer 1: Man is a gregarious animal and always lived in social groups. Their needs to survive were food, shelter and clothes. In the primitive times, every tribal or village group was at the same level. They compete for survival and to fulfill essential needs. With time, consumer behavior has evolved. And slowly different societal status was formed and the distinction less privileged to more privileged was seen. In the early times, the consumer’s decision process to purchase a commodity was based on his need. Slowly that has shifted from what a man “needs” to what he “desires”. Every human is a consumer at some point of time in their life-span. Markets create desires more than needs. For example if a company introduces any new product or service to the market, a consumer will assess the product/service by the following criteria: • Make their life more convenient. • Cost effectiveness • And, how cool it makes them look in the society Need factor is mostly ignored in current market. Answer 2: The article clearly states, for a not so rich person, in order to enjoy a commodity that a wealthy person enjoys, he has to look for a similar commodity (under a different brand maybe) that is created to serve masses and the medium that provides more economical option to make the purchases. Take for example an LCD TV, today in the market there are varied options and brands that are less expensive and can be afforded by masses easily. Not only that for a smart consumer, he has...
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...largest car market in the world. (Schmitt, 2011) - 240 million cars on road in total; 15.1 million sold in 2012. (Cho, 2013) - China’s market is set to double by 2019 and is the key to the future. (AFP, 2013) (China Daily, 2012) (Industry Trend, 2010) Tuesday, January 14, 14 VW AG: dominating China Volkswagen has been the biggest player in the Chinese auto market for over a decade, in spite of geographic and cultural barriers. How has the auto group managed this level of domination? (Schmitt, 2011) Tuesday, January 14, 14 A Song of Tariffs & Loopholes • High import taxes mean that a Swedish-made Koenigsegg Agrera that would cost ~ $2,000,000 in North America and the EU runs for $4,700,000 in China. (Spinelli, 2013.) This is due to a 25% CIF (cost, insurance and freight) tax, a 17% value-added tax, and a consumption tax based on engine displacement ranging from 1%-40%. (Want China Times, 2013.) VW has counteracted by building many of its luxury models, including the Audi Q5 SUV and bestselling Audi A4L, on Chinese soil. (VW AG, 2009.) This allows VW to bypass import taxes and reduce distribution costs, which gives VW a potential cost advantage over many of its competitors. Reuters, 2013 Tuesday, January 14, 14 The Rear-Seat Culture • • In a country where a family only has one child and labor is so cheap that even the moderately wealthy can afford a chauffeur, the driving culture is different. Audi has managed to win big in China’s luxury...
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