Answer the 3 questions Essay Example | Topics and Well Written Essays - 500 words

Answer the 3 questions - Essay Example Deed of Partnerships is a document made by the partners and signed by a solicitor thus helping in setting up of partnerships. The Deed sets out the binding and legal relationship between the partners. Profits sharing and responsibilities of each and every member are stated in the Deed. Traditionally, partners had unlimited liability (Harris 2001, p.23). This meant that they were jointly responsible for the debts of their partnerships. This however changed in 2001 and it led to some large firms like the accountancy to have limited liability. A good example of a partnership is the Wright, Brown and Ali L Partnership. Companies are also another form of business forms. The people that own companies are the shareholders. Each and every shareholder in a business is responsible for the debts in the business up to the sum they have contributed should the company run up debts (Harris 2001, p.45). Various documents for example a Memorandum and Articles of Association are required for a company to register. The registration is done at the Companies House found in Cardiff. Example of companies includes Marks and Spencer, BP and many more. There are two types of companies namely public limited company and the private limited company. Public limited companies are those companies which are listed in the stock exchange. The financial records of public limited companies are always open to the public (Harris 2001, p.37). Examples include Tim Horton’s and many more. Private limited company on the other hand is a business company incorporated as an independent retailer in a market place. The shareholders have limited liabilities and mostly the shares are not open to the public. A good example is the PLC. Marketing communications proportional mix is a broad terms that is used to describe a set of tools that a business can use in the process of communicating effectively its products or services to the clients. The proportional mix is inclusive

Market Foods Corporation in Ecuador Essay Example | Topics and Well Written Essays - 3750 words

Market Foods Corporation in Ecuador - Essay Example Eating habits and approach to food will be different in Singapore and Ecuador and hence the Market Food Corporation must account for those things while formulating management strategies for Ecuador. Even the same service needs different management styles and marketing strategies in different countries in order to succeed because of the difference in the culture. Only those entrepreneurs who study these differences will succeed in their overseas projects. Product, Price, Placement, and Promotion (4P’s of business/marketing) must be taken into consideration by Market Foods in their proposed hawker stall operations in Ecuador. Right product, at the right time, in the right place, with right promotional activities will always be successful in the market and Market Foods Corporation must formulate a well thought out strategy for Ecuador based on the above assumption. Management structure is also important for the success of international business. Locals must be given priority in all the international activities because of their immense knowledge about h the local market and culture. Promotional activities and advertisements for hawker stalls in Ecuador also must focus on the Ecuadorian culture rather than the global culture. â€Å"As the world shrinks, so marketing opportunities expand. Radical advances in communication and transportation bring markets closer-the skill lies in identifying the areas of greatest potential profit, and developing global strategies that still function effectively in meeting local needs† (International marketing review) We are living in a world of Globalization and Liberalization which tries to visualize the whole world as one and to bring the whole people/countries under the roof of one umbrella. Globalization has opened the doors widely open for business community as they can market their

Iphone Sales Essay Example | Topics and Well Written Essays - 1000 words

Iphone Sales - Essay Example Based on the statistics it can be reflected that iPhone in the last 4 year has reached to the historical peak, with more than 100% year-on-year growth in the every quarter. Moreover, in the first and second quarter, iPhone sales grew between 20% and 45% respectively in the market UBS's i.e. the well known foreign investment bank highlighted the fact that in the September quarter of 2015, the sales figure of iPhone is expected to reach 49 million. This suggests optimistic growth prospects of the iPhone sales on the basis of ‘iPhone Monitoring Modeling’, which mainly inferred from the search of iPhone in the worldwide network. Over the past four years, the growth in the iPhone was recognized to be around 73%, 20%, 13% and 35% respectively. Moreover, it has been affirmed that in the upcoming year the sale of iPhone is expected to rise due to high response and attractiveness of iPhone 6s among the customers. In this regard, it has been highlighted that there are still 73% of iPhone users willing to upgrade the configuration with big size screen of the iPhone 6 and iPhone Plus, so the new generation sales of the same period continue to grow more. In fiscal 2016, it is expected that iPhone sales would increase by 6% to 245 million units. Apple continues to benefit from China's growth, according to the data provided and during the second quarter, the iPhone's search volume rose 100% year-on-year. Apple is a successful case in China, besides consumers are willing to upgrade the iPhone with higher prices.

College admissions Essay Example | Topics and Well Written Essays - 750 words

College admissions - Essay Example However, there are many institutions, where still legacy applicants are prioritized. In the article, â€Å"Preserve Universities’ Rights to Shape Students Community†, the author describes about Dickinson College in which, students’ â€Å"chance of admission shoots up to 75 %† on the basis their linkage to some person who has remained associated with the college. There are various reasons as to why universities prioritize applicants in terms of legacies. Admissions are given on the basis of the donations that are given by the parents or guardians of applicants. Other reasons given in the article, â€Å"Preserve Universities’ Rights to Shape Students Community† (351) are the students who get admission on the basis of legacy are able to strengthen the traditional set up of the institution and also their parents are very supportive in the activities of the institution. It is also reported that the students that are selected on the basis of legacy have â€Å"stronger academic records†. However, these reasons cannot be justified because the educational authorities have no reason to give admission to an applicant on the basis of legacy and reject a meritorious one. According to Howell and Turner, â€Å"history of legacy admissions in America is tied to an unpleasant history of race and ethnicity† (344) due to which, this is quite clear that legacy admissions cannot be termed as righteous action by the authorities. The writers emphasize the unjustified criterion of admission on the basis of legacy that is imposed on the applicants. The applicants who have legacy rights have nearly double chances to get admission as compared to other applicants. Howell and Turner have included survey results into their article, â€Å"The History of Legacy Admissions†, which describe about use of legacy policies in public and private institutions. According to them, â€Å"both public and

Physics paper Essay Example | Topics and Well Written Essays - 1000 words - 1

Physics paper - Essay Example Another area of research will be determining the different between resistance and current. The distinct properties of resistance and current will be considered in order to identify various types of resistance in conductors of electricity. Resistivity and conductivity are also studied in this research; the factors which influence the conductivity for instances temperatures are also studied.in addition to exploring various types of applications which has high resistance and current consumption the knowledge of electric generation will be featured (S. Knight). For further understanding of resistance and current, an experiment is performed in the laboratory in order to analyze the effects of resistance and current in electricity transmission. The following apparatus and materials required while carrying out the experiment (S. Knight). In the above set up, while the electrons are passing through thin metal filament of the lamp, the electrons face more opposition because the filament is thinner when compared to the wire used in the experiment. The opposition to electric current depends on the type of material, cross-sectional area and its temperatures (Jeong). Basically it can be said the conductors have low resistance while insulators have low resistance. The resistance reduces amount of current through the circuit and the bulb will glow depending on the amount of electrons passing through the wire. When electrons are moving against the same direction it causes friction, this is manifested in form of heat.at the same time the readings of ammeter changes. The concentration of heat in filament will force the bulb to glow. In the cases of short circuit, the bulb will stop glowing because there is no complete flow of electrons. There will be any resistance because the circuit is incomplete. When we use batteries in the above set up, the battery will run short of the charge because the

Urban Life in the Middle Ages Essay Example for Free

Urban Life in the Middle Ages Essay The book â€Å"Urban Life in the Middle Ages† by Keith D. Lilley discusses historical development and urban changes affected urban population during the Middle Ages. The author claims that: †the Middle Ages is a contested heritage – it means different things for different people† (p. 21). Lilley describes a medieval town as the main regional and even cultural unit which kept traditions, values and unique way of life. The book consists of an introduction, 7 chapters, conclusions, tables, figures and plates. The first three chapters address urban culture and heritage, legal foundations of towns and the main institutions. The author describes medieval culture and legacies, the main factors and driven forces of change. Also, Lilley draws a line between medieval urban heritage and contemporary culture stating that â€Å"medieval urbanism impinges upon the modern age’ (p. 17). The second chapter describes the main institutions and their impact on and role in urbanism. Lilley pays a special attention to chartered towns, functions of municipal government and urban governance. The fourth chapter discusses emergence of and development of towns in England and Wales, France and in east Central Europe. Lilley explains that in many countries, towns’ population was numbered thousands rather than hundreds, and the city was clearly differentiated from the rural settlements around it. Within the city, however, population, as not particularly dense, and certainly was not uniformly distributed. Lilley suggests that a significant proportion of the area within towns was used for agriculture or viniculture, while a town remained a center of cultural, religious and material life. The fifth and the sixth chapters are devoted to urban planning and ownership. Lilley writes that urban population paid much attention to landscapes and urban planning which marked city’s identity and national culture. Lilley gives examples of urban designs, structure of urban settlements and location of the central part and periphery of the city. The sixth chapter describes the main types of property rights and landholding. The fundamental fact about the property rights was their fragmentation. Holdings were scattered over a wide area: a couple of holdings in one settlement, a vineyard in the next, an estate in the next still. Even within rural settlements large, compact blocks of land or sizable estates comprising an entire settlement were extremely rare. In the seventh chapter, Lilley describes domestic life and personality of townspeople, their values and preferences, way of life and traditions, occupations and trade. The book does not have a separate chapter for church and its impact on town life, but Lilley discusses the problems and issues of churches in every chapter. He underlines that religion played a crucial role in lives of medieval people determining their way of life and traditions. Churches were predominantly found in urban contexts, and monastic foundations were increasingly favored by the elite. The surrounding countryside was dotted with small family monasteries, nunneries and proprietary churches. A society in which rural elites were increasingly prepared to invest in a local church or a family monastery was one in which they might also be prepared to make donations to large-scale monastic foundations to build up their local prestige. I would recommend this book to everyone interested in history and sociology, archeology, urban planning and cultural studies. The book is based on substantial analysis of resources and historical documents, and involves excellent illustrative materials for every chapter. A unique vision of historical development and comparative analysis with modern city planning and culture Works Cited 1. Lilley, K. D. Urban Life in the Middle Ages: 1000-1450 (European Culture and Society). Palgrave Macmillan, 2002.

Effect of Income Inequality on Economic Development

Effect of Income Inequality on Economic Development Income Inequality and Financial Crises: The 2007-2008 financial crises has been considered as amongst the worst the world has faced. This is since the great depression of the year 1930s ((Shiller, 7). This crisis was characterized by the collapse of large financial institutions, a downward fall in stock markets, bailout of banks by government, and the laying off of workers by business organizations. There are a variety of reasons given as to why the 2008 financial crisis emerged. MacEwan and Miller argue that it was an increase of income inequality that led to the emergence of the financial crisis (MacEwan and John, 5). On the other hand, others believe that it is the failure of the banking mortgage system that led to the emergence of the financial crisis (Paulet, 22). This paper examines the reasons as to why McEwan and Miller link economic instability, to income inequality. It further examines their proposal on how to solve this problem. Furthermore, this paper gives an explanation on the reasons for the emergence of the 2008 economic crises. There is a varying argument on the effects of income inequality on the growth of the economies of rich and developed countries. One of the major arguments is that income inequality was the major reason for the emergence of the 2008 global economic crisis. This is an argument that McEwan and Miller believe in (MacEwan and John, 5). Proponents argue that there are three major ways in which income inequality has the capability of destroying the economic system of a state. The first argument is that due to income inequality, there is a sharp increase in the debt ratio to income ratio amongst middle and low income households. This ratio increases because of their bid to maintain their consumption level, while they fall behind in relation to income or revenue that they are able to acquire. For example, a growing demand for loans and mortgages was as a result of a rise in the costs of college and homes. There was also a relaxed standard for lending, and it was easy to acquire mortgages. The failure by these low income earners to pay these mortgages and loans led to the beginning of the financial crisis, and the collapse of major financial institutions such as Citigroup and Lehman Brothers (Paulet, 17). The second argument is that the creation and development of a large pool of idle wealth leads to an increase in the demands of investment assets, fueling financial innovation and increasing the size of the financial sector. This is dangerous for the economy, because it may lead to speculative buying of financial assets. It is this speculative buying of financial assets that contributed to the collapse of financial institutions such as Lehman brothers during the 2008 crisis (Schiek, 39). It is important to denote that the collapse of the Lehman brothers was the beginning of the financial crisis, and it was followed by the collapse of several financial institutions and business organization such as General Motors. To protect the economy, the American government had to bail out companies such as General Motors, Citigroup, Bank of America, etc (Shiller, 22). The third argument is that income inequality leads to the emergence of a disproportionate political power. The major intention of the development of this political power is to protect the financial interests of the elite, or the wealthy members of the society. This would lead to the enactment of policies that have a negative impact on the stability of an economic system within the state (Schiek, 52). For example, setters of accounting standards, and federal government regulators were able to allow banking organizations such as Citigroup to move large number of liabilities and assets from the balance sheet, to a complex legal structure referred to as structured investment vehicles. This strategy helped to mask the financial weaknesses of the banking organization to the share holders and investors. The regulation of financial institutions in America is always influenced by powerful and wealthy companies and people (Schiek, 13). This is because they normally finance the political activi ties of candidates who would advance their agendas. In as much as McEwan and Miller believe that income inequality led to the emergence of the 2008 economic crisis, there are other reasons that led to the this crisis (MacEwan and John,15). One of the reasons given is the growth of the housing market in America. This demand led to speculative buying, leading to an increase in the prices of houses. People took mortgages, which did not have good security. However, in 2008, there was a correction in the housing prices, leading to a downward fall of the housing prices (Schiek, 57). Most Americans were unable to pay their mortgages, and this made banking and financial institutions to suffer massive losses because they were unable to recover their loans. This in turn led to the collapse of these financial institutions, affecting the economies that were heavily dependent on the American economy. Furthermore, it is the federal government that made it easy for people to acquire loans. This is because they initiated low interest rate, by lowering the federal fund rate target to 1.0%, from a figure of 6.5% (Shiller, 41). This made experts to denote that it was the easy availability of credit that led to a demand of houses, hence f uelling their increase. It is therefore prudent to denote that there is a need of restructuring the American economic system and regulatory institutions for purposes of protecting the economy from future crises. In fact, the government of President Obama realized on the need of regulating American financial institutions, and in 2008, and 2009, he initiated a series of measures aimed at meeting this objective (Shiller, 29). For example, President Obama introduced the Volcker rule, which was aimed at limiting the ability of banking organizations to engage in proprietary trading (Shiller, 19). The European Union also realized the need of regulating financial institutions and came up with the Basel III rule, which raised the capital of starting a banking business in Europe, and placing a limit on the banking rates of the European banks. In conclusion, the statement by MacEwan and Miller that income inequality contributes to a slowdown in economic development has some truth in it. For instance, due to income inequality, the poor and the middle class were engaged in borrowing from banks, for purposes of buying properties leading to a sharp increase in property prices. This was a factor that contributed to the emergence of the 2008 crises, and it is always referred to as the subprime crises. In a bid to protect the financial interests of big financial companies, the federal government agencies did not effectively regulate their financial activities. This allowed them to manipulate their financial records, hiding their weaknesses to shareholders and investors. It is therefore prudent to denote that McEwan and Miller are right when they assert that income inequalities was the main factor leading to the 2008 crisis, and there is a need of restructuring the economy, and improving the ability of the federal regulatory insti tutions. Works Cited: MacEwan, Arthur, and John A. Miller. Economic collapse, economic change: getting to the roots  of the crisis. Armonk, N.Y.: M.E. Sharpe, 2011. Print. Paulet, Elisabeth. The subprime crisis and its impact on financial and managerial environments  an unequal repercussion at European level. Newcastle upon Tyne: Cambridge Scholars Pub., 2012. Print.   Schiek, Dagmar. The EU economic and social model in the global crisis: interdisciplinary  perspectives. Farnham (Surrey): Ashgate, 2013. Print. Shiller, Robert J. Subprime solution how todays global financial crisis happened, and what to do  about it.. Princeton: Princeton Univ Press, 2012. Print.