Writing reaction paper
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Wednesday, September 2, 2020
Free Essays on Parking
Have you at any point got the opportunity to work, just to discover that you canââ¬â¢t punch in for another half hour? Thatââ¬â¢s precisely what many workers at Beaumont Hospital in Royal Oak experience every day. Attempting to fit the vehicles of 7,000 representatives into one parking area sounds truly extreme all alone, however on the off chance that you include any patients or guests that choose to leave there, it is completely inconceivable. I work at Beaumont medical clinic, which is probably the busiest emergency clinic in the Metro Detroit region. There are a large number of representatives that work there, yet just one parcel nearby for them to leave their vehicles in. There are three off-site parts where representatives can stop and take a bus in to work. This, be that as it may, is very badly arranged and tedious. You need to drive around five or ten minutes from the medical clinic, hold up until the transport shows up, and an additional 10 minutes is squandered on the transport ride there. When you at last arrive, you need to stroll from the van drop off point to your region of the medical clinic. When you at long last punch in, it is about a half hour later than the time you would have arrived had you had the option to stop in the parking garage at the medical clinic. Numerous representatives come in to work and find that the nearby parking area is full. Various them continue to the guest parking garage and attempt to sneak in. They are then welcomed by a stopping representative, whose activity it is to advise them to take off. This baffles them in such a case that a patient or guest chooses to stop in the closer worker part, they are not given an issue about it. In a spot that doesnââ¬â¢t even have space for its own representatives, how might they legitimize taking much more spots away for the individuals who have a ton assigned for them. On the off chance that they have a territory to stop in, they should utilize it. Fortunately I start work at 6:00 am and the part is for all intents and purposes void when I arrive, so I am not affected by this issue, yet I used to arrive in a couple of hours after the fact, so I realize what it resembles. ... Free Essays on Parking Free Essays on Parking Have you at any point got the chance to work, just to discover that you canââ¬â¢t punch in for another half hour? Thatââ¬â¢s precisely what many representatives at Beaumont Hospital in Royal Oak experience every day. Attempting to fit the vehicles of 7,000 representatives into one parking area sounds truly extreme all alone, however in the event that you include any patients or guests that choose to leave there, it is out and out outlandish. I work at Beaumont emergency clinic, which is perhaps the busiest medical clinic in the Metro Detroit region. There are a great many representatives that work there, however just one parcel nearby for them to leave their vehicles in. There are three off-site parcels where representatives can stop and take a van in to work. This, be that as it may, is very badly designed and tedious. You need to drive around five or ten minutes from the emergency clinic, hold up until the transport shows up, and an additional 10 minutes is squandered on the transport ride there. When you at last arrive, you need to stroll from the van drop off point to your territory of the medical clinic. When you at long last punch in, it is about a half hour later than the time you would have arrived had you had the option to stop in the parking area at the medical clinic. Numerous representatives come in to work and find that the nearby parking area is full. Various them continue to the guest parking area and attempt to sneak in. They are then welcomed by a stopping representative, whose activity it is to instruct them to take off. This baffles them in such a case that a patient or guest chooses to stop in the closer worker parcel, they are not given an issue about it. In a spot that doesnââ¬â¢t even have space for its own workers, how might they legitimize taking considerably more spots away for the individuals who have a ton assigned for them. On the off chance that they have a zone to stop in, they should utilize it. Fortunately I start work at 6:00 am and the parcel is essentially unfilled when I arrive, so I am not affected by this issue, however I used to arrive in a couple of hours after the fact, so I comprehend what it resembles. ...
Saturday, August 22, 2020
La Reid free essay sample
Showing melodic aptitude in vocals, IANA, and percussion (Net Industries, 2011. Para) just as his extraordinary capacity to oversee and multicast, portraying himself as an overachiever(Enrolment, 2003. Para 8. ), Reid fits all the prerequisites for an effective vocation in the music business. Anyway what separates him from the rest, is his notorious capacity know ability when he sees it. Notwithstanding being not able to depict precisely how he acquired such an expertise in the business, expressing, Its something that I feel when I meet an Industries, 2011.Parasol), It Is without saying that he has demonstrated his capacity to perceive star-common people when he can see It. This is apparent through his endless triumphs In his vocation, finding effective craftsmen, for example, Toni Brannon, TTL, usher and Pink, Just to give some examples. (Net Industries, 2011. Parasol11) Reeds interesting feeling of information In the music business, alongside his different characteristics, recognizes him from others in the music business, and has helped his prosperity. We will compose a custom article test on La Reid or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page His enthusiasm for all sorts of music, having gotten a handle on the significance of melodic decent variety, has separate him from others in his line of work.Not just Is this something that I appreciate in Reid, yet in addition it is meeting that I wish to apply to my own vocation in media outlets, and want to acquire enough understanding and information to fortify a feeling of comprehension of what can be effective music. I feel that my assorted enthusiasm for all classes of music, comparably to Reid, will assist me with prevailing In this business moreover. L. A Reid has kept up a consistent ascent In the music Industry Essentially, a 40-year Journey carried Reid to where he Is today. The backtalk saw him show up with funk musical gang Pure Essence, and afterward with band The Dell in the 1 backtalk. Enrolment, 2003. Para) However the more critical segment of his since quite a while ago run vocation in music business started in 1989, with the foundation of Leafage Records in relationship with Clive Davis Arises Records. (Enrolment, 2003. Para) This timeframe saw Reid utilize his gifted ability radar to find music legends Usher, Toni Brannon, TTL, Outcast and Circa, and his decent variety achieved the more surprising hints of Pink and April Leaving into the standard music industry. (Alexander, 2000. Para 5) Reid was designated CEO and President of Arises Records in 2000, and stayed in this situation until 2004. Enrolment, 2003. Para 8) Between 2004 and 2011, Reid has held a situation as Chairman and CEO of The Island Deft Jam Music Group, restoring the vocation of Maria Carrey, and assuming a key job In the accomplishment of Kenya West, Iranian and most as of late Justine Bibber. (Enrolment, 2003. Para 10) He currently plans to turn into a Judge on the U. S. *Factor, and has resigned from his job with Island Deft Jam. Positions, endeavoring to succeed and testing his cutoff points in the music business through the dangers he has taken imaginatively. Having gotten official positions, his administration Tyler has for the most part been in delegation.Having worked with multi-million dollar organizations in his vocation, his job continuously encompassed a large portion of the ability sourcing being finished by others, and his blessing wrapping everything up. Antonio L. A. Reid has consistently moved toward ability in the music business with a receptive outlook, obvious when he as of late expressed that it is so critical to keep the entryways open and the lights on, and a star will stroll in. (Haltering, 2011. Show up) As expressed, Reid wound up to have a capacity to perceive star-quality, and henceforth he decided to onlyNor with specialists whom he accepted could be effective. Reeds experience and different comprehension of both the imaginative side and business side of the business implied that he has consistently had the option to create craftsmen with potential in order to change them into standard miracles. (Haltering, 2011. Para 1) However, Reid has shown a comprehension in overseeing craftsman imagination, permitting craftsmen under his range of control to dig into new inventive outlets, as observed with Pinks Misunderstood, and Airmans Rated R. (Enrolment, 2003. Para 14)Although many can characteristic the accomplishment of Antonio L. A. Reid to karma, it would be very much an over the top fortuitous event that every craftsman guided by him has in reality been related Ninth a plenitude of achievement. Subsequently, almost certainly, Reeds information and comprehension of the music business has credited his Judgment in recognizing ability, and in turning out to be maybe the best music official the business has seen. Reid has existed in the business for enough time to observe moves and changes in the business, and has point of fact confronted an assortment of difficulties in his sections.However having worked for the most part in official positions, Reid has been related predominantly with adjusting the issues of those before him and bettering the organization in his grasp. Maybe the best case of this is, is found in Reeds progression of Clive Davis seat at Arises Records, where Davis recruited Reid in order to introduce another period in a name that was prepared for change, carrying it to progress. Alexander, 2000. Segment 2) For Reid, challenges encompassed advancing the marks he connected himself with. What's more in any case, Reid continually faces challengedEn taking on deliver ing jobs with collections under his names, as his inventiveness and creative gifts are tried in It can anyway be said that Reid might not have made a similar official progress as effectively had he started his profession in an increasingly present day setting, the same number of the positions he acquired in the early long stretches of his vocation Newer not as exceptionally requested as they are today. Generally, rivalry today is a lot more prominent than it was previously. All in all, Antonio L. A. Reid can be viewed as one of the most persuasive and splendid officials in the music business.
Friday, August 21, 2020
Music Management Essay Example | Topics and Well Written Essays - 750 words
Music Management - Essay Example oversight of studio innovative directors, gives a green light to studio creation sponsoring, and scatters the completed movie with the studio-subsidiary distributer using the shippers stores to take care of P&A costs. A self-ruling producer (or screenwriter, head, performing craftsman or on-screen character) may have at first introduced the idea, thought, key property, format, summation, treatment or screenplay to the studio, anyway rights to convey as a film were then picked up by the studio. If the producer or others stay attached, they do as, for example, delegates of the studio or adventure (Wise Geek Editors, 2012). Creation Financing/Distribution Agreement-The free maker gives the making sure about/progress financing (or raises such backings from theorists) and takes the course of action to a studio/vendor with a truly finish group (i.e., enormous parts are joined). The studio/traders money used to convey and fitting the photograph. The flow understanding is gone into (speculatively) before they start creation or if nothing else before the finish of the age. The dealer will deduct its charge, recoup distributer expenses, and assemble eagerness on the creation money credit and after that decline the negative cost with remaining gross receipts, if any(Wise Geek Editors, 2012). Negative Pickups (and various indications of moneylender creation money financing) - The free creator gives making sure about/progress financing (or raises such backings from monetary experts) and gets at least one vendor duties and protections. This is to purchase the completed picture (for the around the globe, private or worldwide markets, or individual areas) if the finished film meets decided transport necessities (as set forward in unobtrusive component in the apportionment agreement)(Wise Geek Editors, 2012). To stay pertinent in the business, the best way to deal with find starts with setting ourselves in our customers shoes.
Thursday, June 4, 2020
Walt Disney Strategy Research Paper - 3300 Words
Walt Disney Strategy (Research Paper Sample) Content: Walt Disney StrategyBy(Name)Presented to(Instructor/tutor)(Course/subject)(Institution/university)(City)(Date)Executive summaryWalt Disney Company is known for its best brand, creativity and its ability to promote its businesses. He had the passion of applying innovative technologies to increase the level of consumer experiences. The company was started and founded in 1923. It started its operations in California but later it moved to expand its operations in America. It later acquired its partner Pixar. It had five segments, studio and entertainment, consumer products studio entertainment media networks, parks and resorts. Its competitors in the industry involve, Time Warner, Viacom, and Dreams Animation. The main aim of the analyses of Disney is to analyze the international marketing strategy and its diversified portfolio. Walt Disney is diversified in its operations with the four segments, parks and resort, consumer products, studio entertainment and media ne tworks. The company has its operations based in Canada and US (Robbins, S. Coulter, M. 2005,P. 29).The four scenarios include, cost leadership strategy and marketing strategy. Cost leadership strategy means selling a quality product in the market at the lowest prices. This factor is influenced by volume and market positioning its product in the business and making profits. It is one of the major strategies that have helped many organizations to achieve their long term goals. It is a critical part of China because leadership completes the communication process. China can produce differentiated products to its customers. Quality service is fundamental to clients. Leadership fosters a company culture. The Disney company motivates creativity by creating a conducive environment to share the noble ideas. With the strong leadership skills, Disney will be able to lay down its strategies in China wit in the next 20years. Leadership is key in a chain of excellence in Disney country. T here is employee satisfaction and low employee turnover, this creates a good working environment for both employees and customer relations. A good relationship with the customers as a result of good leadership. Also, Disney à ¢Ã¢â ¬ÃÅ"s cost leadership is a good strategy into entering the China market (Robbins, S. Coulter, M. 2005,P. 35 -40).Target marketing strategy is another strategy that can be used in China to reach its strategy in the next 20 years. Marketing strategy involves international outreach strategies, advertising and marketing strategies and innovation. Innovation is a marketing strategy that can be used in China to help them stay ahead of other competitors and build business ventures. In the current world, technology is advancing and, there is a need to do thorough research, innovation and development. With the new technology, many methods of designing and producing better products and services are coming up. The main idea of this strategy is to ensure tha t China is connected to the rest of the world. The international outreach strategy will ensure that people will travel to see China. Many people will travel to the country and, therefore, need to create parks and museums. It will attract the business for the China products. It will also increase its market share and then its brand. Advertising and promotional strategy is a vital strategy for China. It involves a systematic approach to marketing through social media like television, newspaper, family packages, inclusive of discount in prices and mobile initiatives. Branding allows a business to outdo its competitors in the business. It can be achieved through tag lines, attractive graphics and appealing colors. It is also essential for China to use online marketing. Currently, there is increased technology China cam decide to use a social site like twitter and facebook to sell its products (Gregoriou, 2006, p. 103).The third scenario is creating product differentiation and innovat iveness of the Disney company. The company can produce multiple products, hence meeting the customer needs and satisfaction. The strategy will allow the company to sell its goods globally. It produced products similar to those of their competitors but differentiated. It makes it easier for the customers to see their goods in China for the next 20 years. It can identify the customers needs, emotions and wants, this allows them to produce unique quality products that meet the customer interest (Gregoriou, 2006, p. 103).Lastly, growth strategy that involves achieving the set goals of the business. They include, using the performance measures, increasing revenue and profits. It can be international, horizontal and vertical growth. China must use growth strategies to achieve its objectives in the next 20 years. It can implement the growth strategies through Acquisition, mergers and takeovers. Disney company is willing to take risks that will take the business to higher levels. Disney will be able to venture China in the next 20 years because of their organizational identity. Taking risks will also allow the company to expand their territory globally (Gregoriou, 2006, p. 110).Strategic plans for Disney Company can influence the mission and vision of the business.Vision statement is to "deliver with integrity, the most consistently exceptional entertainment experiences for all people and interest. Also, its mission statement is to be able to be the leading producers and providers of entertainment and information. Strategic planning involves identifying the identifying the mission, vision statement of Disney company and then, identifying and analyzing internal and external threats and opportunities. Analyzing the SWOT analysis of the company, formulating and implementation of the strategic plans. Disney must stop using the traditional approach and move the current approach. Disney has a responsibility of identifying the major internal and external factors. Dis ney company must critically analyse the internal and external factors. A careful analysis of the factors will allow Disney company to achieve its strategic goals (Gregoriou, 2006, p. 103).Disney company has realistic strategies and goals that are consistent with the core values that allow it to achieve and attain the mission and vision. It is important to involve the key stakeholders of the business in the whole process of strategic planning. The process involves analysing, assessment, planning and implementation of the plan. Disney management team has set priorities, harmonizing resources, strengthening operations to get the desired outcome. Employees and shareholders/ stakeholders must work towards the companyà ¢Ã¢â ¬s goals to get the best output. It should adjust any changes to adopt the dynamic environment. Effective strategic planning defines if the business can achieve its set goals.At Disney business, there has been a thorough training and development strategies to sensitive employees on a mission and vision of the business. There is internal training of the employees that includes customized training. Disney has advanced its training method to using face to face instruction. The training is combined with the online instructor that involves using e-learning. It is one of the Disney strategy that involves matching the appropriate technology that minimizes cost. It used and shared experience to promote the business and give it a competitive advantage (Gregoriou, 2006, p. 113).To be able to achieve the mission and vision of the business, all the employees must have freedom of communication and accept ideas. Also, there must be creative innovation to improve products and services for the customer's benefit. Disney company must align learning and business goals, measurement of performance, including external stakeholders like customers and supplies, and focusing on competencies in critical areas. Also, development of the leadership skills and developing the training approaches of both the top management and employee. Top management is very key in attaining the mission, vision, values and goals to meet the business plans. Disney company has to diversify its operations because of the increased technological development (Gregoriou, 2006, p. 103).Disney company faces competition in the media and television industry. There are various forms of entertainment and leisure. Therefore, there is a challenge in fighting the consumer tastes. The main tools used to assess the business include, Swot Analysis, port five force model, BCG Matrix and international product life cycle. Porterà ¢Ã¢â ¬s five models involve, analyzing the threat of the new entrants and the threat of the new suppliers. Walt Disney is a major international entertainment company in the US and Canada with its five different markets. Disney products include magazines, movies, television programs and music recordings (Gregoriou, 2006, p. 103).Its strengths i nclude, brand reputation, producing local product quality products, adequate experience in acquisitions and diversified businesses. Disney channel is widely watched throughout the world. It has a competitive advantage over other competitors in the world. Over the last 90 years of operation, it is widely recognized in the world. The company has been in the operation with diversified brands. Disney has an approach of providing products that suit both the local and international business. It has tailor made movies that suite Chinese business that attracts more visitors. The company has strategies of acquiring new companies. In 2006, it acquired Pixar animation, in 2009 Marvel entertainment and 2012, it acquired Lucasfilm. The acquisition processes have been successful. Diversification is also another strength. It has parks and resorts, studio environment, media networks, interactive media and consumer products. These segments business i...
Sunday, May 17, 2020
The Government Has Not Funded Stem Cell Research - 1566 Words
The government has not funded stem cell research since 2001 for various reasons, some understandable, others I have to disagree on. I believe stem cell research should be funded by the government because it will advance our knowledge on how to treat and cure certain diseases. Many people, researchers and scientist included, strongly agree that we cannot continue our knowledge and technological advancement without the support of our own government. Stem cells are special cells that have the ability to regenerate and repair damaged tissue. Embryonic stem cells appear to possess the ability to become almost any tissue within the body. This, in theory, means that a cell could be taken from one section of an embryo that may have become a partâ⬠¦show more contentâ⬠¦Robbie Norville, who has been researching cancer development in children, claims ââ¬Å"Few risks are associated with donating bone marrow. The body usually replaces these cells within a few weeks. The doctor may suggest iron supplements until blood cell counts increaseâ⬠(Norville). Of all the ways to retrieve stem cells, this method appears to be the safest. In 2009, President Obama ended the ban on stem cell research, stating ââ¬Å"medical miracles do not happen simply by accident.â⬠Scientists are very pleased with this decision made by the President, including Dr. Clive Svendsen, who stated: ââ¬Å"Freeing up the embryonic stem cells through the lifting of this injunction will allow us to use federal support and money, and move clinical trials must faster to patients. So this is why it s an important day.â⬠American citizens are as well. A poll was held in 2004, asking Americans if they support medical research using HESCs, to which only about 50% said they approved. The same question was asked in 2007, in which that percentage was raised to about 65% approving. These statistics clearly show that Americans want advances in medicine to be made with HESCs. The controversy about stem cell research is the concept that the research itself is ââ¬Å"unethicalâ⬠because it involves the development and usage, and possibly dest ruction of human embryos. This is not true for most methods of stem cell research. As stated
Wednesday, May 6, 2020
My Thoughts On What Culture Truly Essay - 1498 Words
My thoughts on what culture truly is have changed tremendously after taking Intro to Sociology. My thinking of my own and others has changed since my first PVR 1. In my first PVR, I included pictures of two sweatshirts which represented my volleyball team and my current school, a cross, a box of Macaroni and Cheese, tennis shoes, a picture of my family, an EOS chap stick, and sunglasses. The way I look at my culture now is completely different. Now, I do not use items at all to define my culture. Objects have nothing to do with it. When I began this semester, I thought of culture as being where someone was born, their ethnicity, their language, and maybe even what they do for a living. Although I believe these may still be a part of a culture, they are not the most important aspect of what culture is. Culture is who we are. Culture is our family, our friends, our values, where we are born, the activities we decide to be a part of, what we decide to do in difficult situation, it is wh o we are. Culture is not taught, it is who we become. This is exactly what my picture conveys. We learn through experience who we are and therefore, what our culture is. I thought my culture was just my family and things I enjoyed doing. Then I thought it was thinking about nature and the people who are important to me. I now realize it is all of that together. It is learning one thing at a time. I will continue to realize more and more what my culture is the more I dive into research. Iââ¬â¢veShow MoreRelatedContemporary American Culture and Materialism Essay871 Words à |à 4 Pagescovered many different topics during our study of contemporary American culture. We studied topics relating to our everyday lives such as, relationships, life habits, work, and school. The various readings, films, and discussions during class have helped me reflect upon my life. I would like to elaborate and focus on the aspects of this class that directly influence the way I see the world today. B efore I took this course my mental image of materialism, happiness, and love were entirely differentRead More College Writing Essay884 Words à |à 4 PagesWriting is the ability to express yourself and to communicate with others. College writing courses strive to provide students with the ability to do this. In the following quote, AOur greatest multicultural resource, one that is authentic, rich, and truly diverse,@ Maxine Hairston, is obviously speaking about today=s student. How can we give all students who have different values, language, and cultural background the ability to express themselves, to communicate, and to contribute in significant waysRead MoreThe Cultural Perspective On My Life1315 Words à |à 6 Pageslarge impact on my life and comes out in numerous theories. Such as conformity, internalize commitment, post conventional, individuative-reflective and democratic. Conformity Conforming is when you ââ¬Å"identify closely with dominant societyâ⬠(Daniels, 2015). Starting fifth grade year, I began attempting to conform to the dominant society, since that was the majority of my schoolââ¬â¢s population. I began to listen to an epitome of rock music and do my hair a certain way. Which was having my braids pushedRead MoreThe Air And The Heat998 Words à |à 4 Pagescouldnââ¬â¢t escape. I wanted to turn around, step back on the plane, and demand that I go back. I couldnââ¬â¢t handle this for an entire month. But I thought to myself, ââ¬Å"No. Learn about your culture and where you come from.â⬠I still did what every person does on vacation. I tried new food and visited the different attractions, but I also immersed myself into the culture and heritage of the family that I had not seen in 8 years. I asked questions and learned as much as possible. Since Egypt is such a conservativeRead MoreFeminist Reading Of No Normal 760 Words à |à 4 PagesShannon Keel Dr. Francis Feminist Reading of Culture October 19th, 2017 Ms. Marvel: ââ¬Å"No Normalâ⬠Reading ââ¬Å"No Normalâ⬠was my first ever experience with the ââ¬Å"Ms. Marvelâ⬠spinoff, and I absolutely loved it. I think choosing a sixteen year old, Pakistani-American, Muslim girl as the main hero was a bold move for the American comic book giant Marvel, but I believe it truly paid off. In ââ¬Å"Ms. Marvel: No Normal,â⬠Kamala is a wonderful representation of female empowerment through self identityRead MoreProcess Pl Multicultural Competence1689 Words à |à 7 Pagespeople of different cultures. There are four major components present when discussing multicultural competence: (1) the individual (me) must be aware of oneââ¬â¢s own cultural views, (2) know ones attitude towards cultural differences, (3) Knowledge of different cultural practices and worldviews, and (4) having cross-cultural skills (Adapted from class 2 and 3 definitions handout, as adapted from Pope, R.L. Reynolds, A. L. (1997)). How does one gain this competency though? Is it ever tru ly obtainable? IRead MoreThe Golden Age Of Islamic Thought And Its Cultural Impact On Europe852 Words à |à 4 PagesGrowing up I always wondered what was going on before the year 2,000. What about year 1,000? I had learned as far back as the 1700s but I still had not found what I really wanted to know. When I did the reading for ââ¬Å"The Golden Age of Islamic Thought and Its Cultural Impact on Europeâ⬠my question was finally answered. During the ââ¬Å"Dark Agesâ⬠Europe was at its all time low in allowance of intellectual thinking. The sad thing being people were really dictating the way you think! While this was happeningRead MoreReligion : The Basics By Mallory Nye1024 Words à |à 5 Pageswith society at large, have attempted to define for centuries. Although the term cannot truly have one solid meaning, it is clear that religion is much more than a set of beliefs and practices. In Religion: The Basics, author Mallory Nye discusses his approach to studying religi on. In arguing that culture and religion strongly influence each other, he explains that those studying religion must make people and culture their focus, as variations even within the same religions exist and must be consideredRead MoreWhat I Had The Privilege Of Doing By Interviewing My Grandma And My Spanish Teacher Essay1468 Words à |à 6 Pagesthis planet is part of culture. Peoplesââ¬â¢ cultures tend to differ country to country. It is important to think about culture through different ways and that is what I had the privilege of doing by interviewing my grandma and my Spanish teacher. Comparing and contrasting was the most important concept when it came to deciphering what the importance is when it comes to culture. I wanted to see what ideas overlapped and what people from different cultures may think differently on. My two interviews helpedRead MoreFrom Womb to Deathbed: Music is with Us829 Words à |à 3 Pagesemotions and thoughts put into sounds, or lack thereof, t hrough notes and sometimes even text. Before I start, keep into consideration my definition of music: the compilation of sounds with or without text as a mean for expressing an idea or lack of an idea to another living being. Music is truly a remarkable art form that humans around the world partake in, but why then is the study of music so undermined in our Western Culture? Why is it that music as a profession is often thought of as a hobby
Tuesday, May 5, 2020
Microeconomics Demand for IPADS
Question: Discuss about theMicroeconomics for Demand for IPADS. Answer: Explosion of Demand for IPADS It is known that if the cost of IPADS will decrease, then the demand and the supply for the products will be affected. In order to identify the effect of the explosion of demand for IPADs on the supply of the product and also on the price level, firstly, it is necessary to identify why the demand for IPADS has increased. In addition, it is also necessary to identify the influential factors, which affect the supply as well as the equilibrium level of price of the products. Firstly, it can be mentioned that the consumers are highly willing to purchase the goods of Apple. The consumers, who are willing to focus on the brand or the quality of the products, they want to purchase the products. Therefore, the consumers are not concerned about the price of the products. This is the reason why the demand for the IPADS has been increasing massively (Canto, Joines Laffer, 2014). Therefore, IPADS are assumed as the luxury goods. If the price of the products will increase, then the demand for the goods will be decreased. Therefore, if the income level of the consumers will increase then the purchase of the products will be increased. Secondly, it can be mentioned that Apple IPADS has the competitor of Microsoft surface 2. The price of the product is comparatively higher than Apple IPADS. Therefore, the consumers are willing to purchase Apple IPADS than Microsoft Surface (Berry Waldfogel, 2016). Figure 1: Impact of the increase of demand of a product (Source: Created by author) From the above figure, it can be observed that initially the demand for IPADS is D1. After increasing the demand for the products, the equilibrium price level will be increased. The price level increased from P1 to P2. As it can be observed that Apple IPADS are considered as the luxury goods, therefore, if the demand for the goods will increase, then the price level will also be increased (Bowen Sosa, 2014). Therefore, from the above figure it can be observed that the demand curve for the goods has increased from D1 to D2 and shift to the right ward and the price level has increased from P1 to P2. On the other hand, it can be stated that if the demand for the particular goods will increase, then the supply will be decreased. If the supply will decrease, then the price for the products will be increased more. Figure 2: Impact of decrease in supply in the price level and the demand of the products (Source: Created by author) The above figure depicted that the effect of the decrease of supply curve on the price level and also on the demand for the products. From the above diagram, it can be observed that initially the equilibrium price and quantity for Apple IPADS was P1 and Q1 respectively, the initial demand curve and the supply curve intersect to each other (Cashin et al., 2014). On the other hand, when the price level increase from P1 to P2, then the demand for the goods also increase from D to D1. Therefore, new equilibrium quantity purchased by the consumers is Q2. As the products are considered as the luxury goods, therefore, the equilibrium quantity has been increased from Q1 to Q2 and shift to the rightward. In this context, it can be opined that the brand lover buyers would be able to afford this price and want to purchase the products. Therefore, equilibrium quantity of this product would be increased. However, De Grauwe (2014) opined that if the demand for the products would increase massively , then the supply for the particular product will be decreased. As a result, the supply curve would shift to the leftward and the new supply curve is S2. Therefore, it can be inferred that the price level will be increased more and the price level is P3. In this point, it can be stated that the purchase of the products will be decreased. Therefore, the quantity will be decreased from Q2 to Q3. Therefore, the price elasticity of luxury goods will be positive. Lastly, Baumol Blinder (2015) mentioned that the demand for this luxury goods will be increased proportionately with the rise in income level. References Baumol, W. J., Blinder, A. S. (2015).Microeconomics: Principles and policy. Cengage Learning. Berry, S. T., Waldfogel, J. (2016). Empirical Modeling for Economics of the Media: Consumer and Advertiser Demand, Firm Supply and Firm Entry Models for Media Markets.Handbook of Media Economics,1. Bowen, W. G., Sosa, J. A. (2014).Prospects for faculty in the arts and sciences: A study of factors affecting demand and supply, 1987 to 2012. Princeton University Press. Canto, V. A., Joines, D. H., Laffer, A. B. (2014).Foundations of supply-side economics: Theory and evidence. Academic Press. Cashin, P., Mohaddes, K., Raissi, M., Raissi, M. (2014). The differential effects of oil demand and supply shocks on the global economy.Energy Economics,44, 113-134. De Grauwe, P. (2014). Yes, its the economy, stupid, but is it demand or supply? CEPS Commentary, 24 January 2014.
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