... Tobacco Industry also has an ethical obligation to its consumers. It is well known that satisfaction of the consumer is the essence of every industry. But besides profitability, every industry has an obligation towards the health and well being of the consumers and is also obliged to delivering quality products and services in that adhere to international code of conducts. In most cases, the production, processing and packaging is at the discretion of the producer in the industry. In many cases, there is information gap between the producer and the consumer thus exposing the latter to the unilateral decision making by producers in the market (Fox, 2015). In a free-economy, forces of demand and supply determines the prices of products and services, industries has to capitalize on strategies like quality of products and services to survive and outsmart competition and increase their competitive advantage in the market. The platform of Tobacco industry is monopolistic platform. Only basis for the success of any company is the customer satisfaction in the industry. Apart from differentiation, the products also must attain the threshold of health standards as applied by international Laws, Acts and bodies such as World Health Organization. The Tobacco industry can only survive in a mixed economy whereby despite the influence of market forces; government influence is necessary to a certain limit to safeguard the consumer's demand for quality products and services. According to...
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...the fuel alcohol business forced Dr. Lyon out of the industry he decided to pursue something with less world politics and energy influence, which led him to the assumption that if yeasts, certain bacteria, and enzymes could help animals digest their food better, that it would lower the cost of production. The idea of producing animal feed additives was not commonly accepted during the time he started, but it did not take long for producers of livestock to raise awareness of the company. This was also influenced by Alltech’s desire to produce the most amount of feed at the lowest possible price. They also had the perception to “be the first to produce and the first to find conclusions” Alltech’s main headquarters was founded in Lexington, KY. But this was no constraint to the global expansion to the Alltech feed company. Due to the reduction of the trade barrier, Alltect has successfully installed factories all over the country including; European Union, Canada, Mexico, Ireland, Brazil, Japan, and many more. Alltech is a very widespread company in many different countries producing a variety of products. But being so globally spread it is easy to run into difficult situations. During the 1990’s there was a decline in livestock by 45% which accumulated an excesses...
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...Television Critique In the ‘Beyond the Tank’ episode, the producers of the network TV show have made an effort and choice to avoid financial risk by choosing to repeat the same format in order to save their jobs and make a profit. Before Beyond the Tank, there was a show called Shark Tank, however it was cancelled so ABC introduced Beyond the Tank- a companion series to follow up with several companies after some deals that were made and to see what has happened afterwards (Coda, 2015). This shows that network TV “stick to tried-and-true formulas and to producers with a track record of success” (Gail Dines, 2011). Furthermore, Richard Butsch has examined production decisions about class content of program. Producers of the network TV show have crafted the people of the middle class to achieve the American Dream. In the beginning of the episode, the CEO of Chord Buddy named Travis introduced a guitar system that allows people to learn, and play music. The TV show also introduced Travis’ personal life where he said to struggled and worked in real estate, opened up his own office with 25 agents but unfortunately lost his business. This shows that the producer is introducing the middle class personal life by indicating Travis’ struggle, strive, and work ethic to obtain the American Dream he hopes to accomplish in the end. Bustch mentioned that “the choice of occupation was incidental to the situation or other aspect of the program idea; thus, it was embedded in the creator's conception...
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...----------------------- Conditions for a product to be classed as Fairtrade Fairtrade is a World wide organization that makes sure that the people would know that the products they are buying (like coffee, cotton, honey, oranges, bananas, rice, sugar and more) the producer gets the most money e.g. if a tin of coffee costs £2.50 the producer (farmer of the coffee) would get £1.00 and the other companies like Sainsbury would get less about £0.75. The products that are available that are Fairtrade are: Chocolate, Fresh Fruits like Bananas, Mangoes and Pineapples, Coffee, Biscuits, Sweets, Alcohol, Honey and Teas. These are just a small amount of goods that are Fairtrade and there are many more. You can get these items at Major Food Stores like Waitrose, Sainsbury’s and Morrison’s. What is Fairtrade ? The benefits for the Farmers and their communities For an item to be deemed Fairtrade it has to meet a number of conditions : Ensure a guaranteed Fairtrade minimum price which is agreed with producers. Enable pre-financing for producers who require it Emphasize the idea of partnership between trade partners. These are the main standards but there are many more. By Harry Slack 9W Case Study of a named farm and farmer What products are available form Fairtrade and were you can get them It provides a living wage, that is a wage high enough to provide the basics in that community. Market price for products is always guaranteed...
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...understand what a supply chain is. A supply chain is a system of moving a product/service from supplier to customer. It involves organisations, people, technology, resources and activities. Hence, a right supply chain would be the one that not only delivers the product/service to the customer, but also helps the producer match the demand of the product/service to his supply, thereby causing no excess or shortage of inventory. In the current competitive marketplace, a producer cannot afford to lose any customer due to unavailability of the product when the customer needs it, nor can he afford to bear excess cost for inventory surplus which might be unsold for a long time. Hence, deciding the right supply chain is of prime importance in the operational functioning of the organization. Types of products To judge the right supply chain, the producer first needs to identify his product as functional or innovative. A functional product is the one that generally satisfies basic needs, has a long life cycle and has a predictable demand. Basic commodities fall under this category. Due to the stability in the demand, competition is fierce for functional products and hence, producers tend to differentiate their product from others by using innovation for the same. In due course of time, a functional product tends to become more and more innovative. Contrary to the functional product, the innovative product has short life cycles and it is very difficult to predict its demand. Generally new...
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...Introduction The paper responds to the questions posed in section titled “Mrs. Acres Homemade Pies” at the end of Chapter 1. Shelly Acres, a founder of the company, faces the dilemma in producing homemade pies. Mrs. Acres Homemade Pies struggles to keep up with demand. Question 1: Discuss What Will Happen to Supply, Demand and Price in the Short Term. Supply is a various amount of product that producers are willing or are able to produce for selling at different prices at a specific time. In our case supply is an amount of pies Shelly Acres’ company, Mrs. Acres Homemade Pies produces. In the first month of the business she sold 2000 pies. Following month amount of sold pies rose to 8000. Demand is a various amount of product that buyers are willing or are able to purchase at different prices at a specific time. In our case, demand for Mrs. Acres’ homemade pies is rising. Good quality product and a reasonable price of pies caused rising demand. It continues accelerating beyond what Shelly can supply. The most of the time when company produces a high quality product in reasonable price, demand for this product will increase. This is happening to Shelly Acres’ business. In short term, demand will keep rising. Also, the necessity of increasing supply will accrue. In the short term the price for pies needs to stay the same, in order to keep regular customers. Therefore, Mrs. Acres’ decision to hire more employees is a right move. This will help to manage supply increase in short...
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...its impact, which I have been assigned to work on. I found my work experience quite interesting, beneficial & insightful. I have tried my level best to prepare an effective & creditable report. I honestly hope that my analysis will help you to give an idea of my work experience and knowledge. Sincerely Yours, Abu Fardous Md. Abdullah Choudhury……………….. 3 Acknowledgements I got the chance to work on Aarong and it is a very good learning experience for me. It was a lifetime opportunity for me to get real life experience in the field of social compliance through such a big company. We would like to take this opportunity to express sincere thanks to the following people for their contributions and assistance. Without their help and support my internship would have more obstacles. First of all, I would like to thank and express my gratitude to Naushaba chowdhury, senior manager social compliance and producer relations, Aarong, my supervisor in Aarong for her invaluable support and supervision. Without her help, I would never have been able to complete my internship and learning through it in the real job field. Also, I would like to express my heartfelt thanks, in particular, to Mr suman paul chowdhury my honorable faculty for supervising me to complete this report. 4 Table of Contents 1. Introduction 2....
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...currency or the dollar is a bit weakened. The US dollar is still the main currency used around the world, but with it being weakened there may be some downsides to it in the marketplace. The strength of the dollar on a domestic level promotes spending and better interest rates. The strength of the dollar on a global level would be that it brings in more currency on an international level because it is cheaper to trade from a foreign standpoint. The benefits from tariffs would be that domestic businesses would get a reduction in competition. The benefits of quotas would be that foreign and domestic producers get higher prices, but the downside to that is that the consumer will lose out. It seems like the consumer looses in both situations. A tariff and quota adds more costs to a product. There are some instance where the producer may take a lose because if the product is too high for the consumer to buy then the product will just sit there. For instance, “In the late 1970s, the government put a quota on Japanese cares. That created a shortage. Dealers added several thousand dollars to the cost of each car. The consumer lost. The manufacturer lost” (Answers, 2013). In order to keep strict regulations of products produced overseas, I can see why tariffs and quotas would be needed to keep everything under control. References 2013. Who loses from a tariff or quota? Answers. Retrieved from...
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...Interactions Among Populations in Ecosystems Open the following site: http://www.learner.org/courses/envsci/interactives/ecology/index.php. Read the Overview and then proceed to the next page by clicking on “The Producers”. Continue through the exercise, running the simulations as instructed, recording your data on the tables provided and answering the questions for each section on your own paper. |The Producers: Step 1 | | | | |Plant A |Plant B | |Prediction: Ending | | | |Population Size | | | |Starting Population | | | |Ending | | | |Population | | | 1. What assumptions does this model make about co-dominance as well as the general terrain of the ecosystem? 2. Do you find one producer to be dominant? Why might one producer be dominant over another? |The Producers: Step 2 | | | | | |Plant A |Plant B |Herbivore A | |Prediction: Ending | | | | |Population Size | | | | |Starting Population | | | ...
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...Consumerism has taken a major part of our culture. Consumerism is having more than what you need. It has an effect on consumers and producers by the way society reacts to all the products done. If the people like a pair of shoes and they’re in style that means that on the producer side they will be making money, but also make more of those shoes. As in the consumer’s side, they would be spending their money which can be beneficial to our economy and producers. Everyone has a different experience with consumerism, there isn’t really only one way that we all are, my experince with consumerism has been according to others “excessive.” Yet I feel that it has a lot to do with the way you grew up, and your parents. I’m an only child, and I’m not saying that’s the reason why I am basically “materialistic” even though that did take a big role on the way I am now. Consumerism is a problem with our culture, just by how “it is news when the stock market loses two points” but it is not news that “an elderly homeless person dies of exposure.” In our society and with the newer generations we pay too much attention on what others have and what brand it is. For example one day in our theology class in freshman year Mr.Earls taught us how we think that we find our “happiness” through a new pair of shoes, drugs, and some even in sex. Yet all those things don’t actually lead to real happiness we are actually pushing aside our relationship with God “and keeps us from hearing the only invitation...
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...Read the “Overview” and “The producers”. 3. Click on “Step 1” 4. Follow the directions in the paragraph. 5. Then, click on the “Open Simulation” link on the top right and run the simulation. 6. Record data in the data table and answer all questions below. More information will be provided by TA in the class. A. The Producers Run the simulation and enter the value in the box Lesson 1: Step 1 Plant A Plant B Prediction: starting population 5000 5000 Prediction: ending population 10000 0 Starting population 6114 3427 Ending population 10000 0 Answer all questions Producers Step 1 1. What assumptions does this model make about co-dominance as well as the general terrain of the ecosystem? Plant A competes with plant B, because as the number of plant A goes up, the number of plan B goes down. So they do not have co-dominance. They cannot live in the same terrain. 2. Do you find one producer to be dominant? Why might one producer be dominant over another? Plant A is dominant over plant B, because plant B died out in the end, but plan A survived and left. Step 2: Run the simulation and enter the value in the box Lesson 1: Plant A Plant B Herbivore A Prediction: starting population 10000 0 0 Prediction: ending population 5000 0 5000 Starting population 10000 0 0 Ending population 3333 0 2223 Answer all questions Step 2 1. Does adding the herbivore establish a more equal field? Is one producer still dominant over the other...
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...technology, that very same creativity and passion ceases to exist in most music today. The soul of music has now been destroyed. Musical instruments have now been replaced by computers, which take away the physical and emotional connection between artists and their instrument. As a musician, I am utterly disgusted by this. Also, more and more artists do not write any of their own material anymore, especially if they have sold out to big companies such as Viacom, Walt Disney and Time Warner. Since the “digital age” of music, artists have been in a race with one another to see who can make the most popular and highest grossing material the fastest. This results in single and album flops, because the producers and artists do not take the time to thoroughly review all the material, basically creating less- than desirable music. The relationship between artists and their work is sacred, and not only in music. Imagine this; an extremely talented painter just finished her newest painting. She wishes to sell the promotional rights of her newest piece to a big company to gain exposure for her work. Instead of promoting the original painting she created, they edit the piece with cutting-edge technology to their own liking and promote their edited version instead. How fair is that? That is exactly what the music industry is doing to current artists by taking their own material and editing it just because they think it will bring them more revenue to their respectful label. That is crude, disrespectful...
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...Michigan food web, is it possible to identify the most important producer? Why or why not? It is not possible to identify the most important producer. There are multiple consumers which are consumed by several different primary consumers. The image was blurry so it was difficult to determine what everything was in the food web. * What would happen if there was a change in the population size for any one of the producers (either an increase or a decrease)? How could these changes impact other producers and organisms on other trophic levels? If there were an increase in population in any one of the producers, they would begin to dominate the other producers and therefore would increase the number of consumers which feed on the producer. If there were a decrease in one of the producers then there may be a decrease in consumers that are reliant on the producer for food or the consumer could choose a different producer. If the consumer chose a different producer for food, the result would be a depletion of this producer. It could end up like a snowball effect by one affecting the other. * Provide at least two types of impacts that humans could have on this food web. Burning of coal can cause air pollution which can cause acid rain and change the ecosystem of the lake. http://www.ucsusa.org/clean_energy/coalvswind/c02b.html Dumping of toxins into the lake which could disrupt producers and have an effect on producers. * Read the description of the sea lamprey on page 2 of...
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...push any buttons under water. Though it is not convenient for swimmers at all. In water sports it is quite usual to use a watch in the water, for example when you need to stop your lap time. The point is if you purchase a water-resistant watch, you expect it be like that when using it all the time. To avoid this problem there are two opportunities: They should be fair enough to mark it clearly on the boxing or on the watch itself that it is not always waterproofed. But that could put the brand in a worse position when the customer compares that watch with similar products from competing brands. Though the best solution would be to re-design and then test the watch in order to provide an absolute water-resistant product like many other producers do. Smooth as glass The next case is about a modern designer hot water control knob on the bathroom sink in a fancy hotel. It is made out of chrome and very minimalistic i.e. the shape is very easy, round und unremarkable. But that is not the point at all. The problem is the material, which tend to get very sleek when it is wet. Though once you soaped your hands you hardly cannot turn it on or off anymore. The solution is will be that the control knob has to be re-designed. By adding a ripples around you have more grip even with wet hands. This problem could have been avoiding by testing it under realistic circumstances. Probably the designer and his team only made a dry run. In this example you can see it is not always all about...
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...are engaged in Mahua flower collection meaning a population of around 7.5 million is into this livelihood activity. Various studies indicate that a household gets between Rs 2500-5000 in a normal Mahua year. An estimate says that 28600 person years of employment are generated in mahua flower collection every year(FGLG India, 2008). But the income for the primary collectors/processors in this transaction is very low. This is often attributed to an unorganized market and little access of the primary collectors to the market. The major issues in Mahua flower sub sector are •Distress selling and low price realization at the producer end •Unsustainable harvesting and often environmentally damaging practices in collection •Depletion of the resource base and its concentration in the hands of large farmers •Non availability of credit for producers •Absence of quality standards and non adherence to quality parameters •Failed initiatives leading to a hands off approach by state agencies •No major commercial breakthroughs in alternative products development The study find three major leverage points namely credit, storage and knowledge. The recommendations along with their financial implications are given below. Scheduled Tribes and other traditional forest dwellers across the country collect and sell a range of forest produces to earn a living. Forest produces not only commands a large share but also a critical element in their livelihood basket. The timing and...
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