Cases for Analysis Coursework Example | Topics and Well Written Essays - 1000 words

Cases for Analysis - Coursework Example 2. It is understandable why Yellowstone wishes to settle all the claims out of court. A trial would inform public opinion about the low quality of the mowers and would harm the company’s image. It is also understandable why the company’s lawyers keep the claims out of the court. Considering the fact that this is an abnormally dangerous defect, Yellowstone should act ethically and just publicly admit its fault, retrieve all the mowers from the shops and work on repairing them. However, the ones that should go to court and accept no settlement are the injured parties, the consumers who have suffered because of the defected products. 3. Again, it is understandable why Yellowstone would like to include the secrecy clause in the settlement agreements. If one party were to start talking about the defect of the mower and about the fact that the claim was kept out of the court in change for an impressive sum, Yellowstone would be forced to deal with one of the two situations: 1 . Their sales would grow, as a result of people looking at this like at a business opportunity: buy one defective mower, wait until it explodes, threaten the manufacturer with a lawsuit and get a refund from Yellowstone, or 2. Their sales would be drastically reduced as a result of the bad publicity. None of the situations looks good so that is why secrecy clauses are included in the settlements. The morality of this is doubtful and the reasons why the affected consumers accept this are even more questionable. Legally, such clauses are not prohibited and are, on one hand, acceptable. However, cumulating the fact that none of the defection cases is made public, the products continue to be sold, in spite of their obvious defects and the insertion of the secrecy clause in the settlements, the situation, on the whole, is not legal and the company’s marketing policy is based on deceiving the clients. 4. As it has been stated before, the answer to this question is No; the injured p arties are not acting ethically when agreeing not to disclose the products’ defect to others. They are consciously accepting the fact that somebody else may be injured. Moreover, in legal terms, these people are liable under the law of tort, as acting with recklessness towards the possible hundreds of victims. The Restatement (Second) of Torts defines reckless conduct as it follows: â€Å"The actor's conduct is in reckless disregard of the safety of another if he does an act or intentionally fails to do an act which it is his duty to the other to do, knowing or having reason to know of facts which would lead a reasonable [person] to realize, not only that his conduct creates an unreasonable risk of physical harm to another, but also that such risk is substantially greater than that which is necessary to make his conduct negligent.†2 Although this definition is close to negligence, no matter what tort is applicable, all the parties that agreed to the secrecy clause did not act ethically or legally correct. CHAPTER 2 CASE 4 In my opinion, the right guaranteed by the Fourteenth Amendment to the USA Constitution is violated in this case by Mississippi University for Women. Section 1 of the Fourteenth Amendment stipulates: â€Å"All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they

Harry potter Essay Example | Topics and Well Written Essays - 1000 words

Harry potter - Essay Example This story is all about an orphan boy, and unbeknown to him, he is a wizard and very popular in the world of Wizards and is admitted in the well-known magic academy, Hogwarts school of Witchcraft and Wizardry. Harry, whose ten years of life is surrounded in a tiny cupboard under stairs with the very detestable Dursleys and their nasty son Dudley, could never imagine a life full of magic, but all that is about to change when a letter comes through an owl messenger announcing his admission in the great Hogwarts. Once he makes his way into the school, he becomes aware about the reason for his fame – Lord Voldemort, the most feared wizard who is also referred as â€Å"He-Who-Must-Not-Be-Named†. However, the first novel of the whole series mostly shows Harry getting aware of the magic and making friends, nemesis and facing Voldemort for the first time, after getting cursed by him when he was just a baby. As the story evolves one can, to some extent, grasp the few agendas tha t the book seems to be outlining and those are the value of humility and friendship, the dangers of desire and the periodic need of rebellion. Regardless of his surrounding and the people he is dealing with, Harry’s respect and dignity for others is never lost on anyone. Even though he is just a kid, his values and thinking is that of an adult, usually a kid of his age is very naughty, lively, whiny and childlike, but after reading the book and watching the movie one cannot blame him for having any such traits. The value of humility in him can be judged at different turns in the book, for instance, in the academy he is uncomfortable with the popularity and when his potions teacher, professor Snape dubbed him as â€Å"our new celebrity† he gets embarrassed, similarly, when the teacher humiliates him on ignorance of herbs he remains silent, showing respect for the teacher. Interestingly, children often seems to enjoy and take advantage of being famous, but again this is not the case with

Challenged Questions 4,5,6,7,8,9,10 Essay Example | Topics and Well Written Essays - 1750 words

Challenged Questions 4,5,6,7,8,9,10 - Essay Example 3. Forward pricing makes sense when firms are launching products and the strategy is to ensure that in the initial stages, forward pricing is competitive in the hope of increasing sales later on as well as having an outlook that is bullish on the potential of the product. 4. Centralized decision making is effective when goods are mass produced and sold on a large scale whereas decentralized decision making is effective when the products are targeted at niche segments. The lower wages in the former scenario as well as the higher wages in the latter scenario are justified by the pricing of the products. 5. The differences between these two strategies lies in the way in which marketing costs dominate for export related strategy whereas manufacturing costs dominate for import related strategies. The management control issues that these firms face would be in the sphere of having less control when they operate in nondomestic markets in a manufacturing capacity whereas they would have more control when they are operating in a non domestic market in an import related capacity. 2. It does not seem paradoxical to me because there are certain aspects of products that are not imitable and these are the patented features. Hence, the way to resolve this paradox is by making products that are have unique and distinctive features. 4. It is not the case for firms operating in monopolistic competition as the firms need to be efficient to pursue a product differentiation strategy which needs niche investments and expertise in making unique products and services. 1. Backward integration often results in maximizing efficiencies across the value chain and hence ensuring that firms gain competitive advantage. The opportunism of vertical integration is that firms can leverage upon the entire supply chain as opposed to some parts of it in backward integration. 2. The threats

Inflation and Government Economic Policies Essay

Inflation and Government Economic Policies - Essay Example Economists tend to view moderate inflation favorably as it enables an economy to withstand a recession and empowers monetary policies to stabilize the economy. Additionally, inflation serves as a benchmark for a growing economy. Inflation may be regulated through monetary and fiscal policies by the monetary authorities. The Consumer Price Index is a measure of variations in the cost of a basket of commodities bought by households in a given period. Inflation can be quantified as the annual positive change in the Index. As shown in Table 1, since 2000 the C.P.I. has maintained a steady rise, except for 2009 when it fell (U.S. Bureau of Labor Statistics., 2015). Such an increase in the Consumer Price Index has been due to increased buying by the consumer. The desire to have the latest electronic gadget has primarily contributed to the increased purchasing, resulting in a positive change in the C.P.I. Additionally, C.P.I has been affected by the amount of disposable income and the relative prices of competing commodities. On the other hand, Producer Price Index (P.P.I) is an average measure of the change in the retailing prices paid to internal producers for their output. While the P.P.I has always been in constant flux, the change in the prices has always been a positive change. The increases in producer prices are due to the increasing cost of raw materials and sources of energy. Due to the constantly fluctuating prices of oil, which is a major raw material or source of energy, the P.P.I has always reflected the flux experienced in the global oil prices. In 2009, PPI experienced a negative change due to falling prices of raw materials during the financial crisis as shown in Table 2 (U.S Bureau of Labor Statistics., 2015). Consumer Expenditure Survey (C.E) is a federal survey that tracks the purchasing behavior of American consumers through the Quarterly Interview Survey and the Diary Survey. Since

Economics Term Paper Example | Topics and Well Written Essays - 1500 words

Economics - Term Paper Example 2.2 Economy of North America†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... 7 The topic covers opportunities for allocation of capital as a scare resource that has to be allocated in many ways. Others see prospects in monopolistic environment, while others perceived the pure and natural monopoly more advantageous for their particular intention. Economies of countries differ because of economies of scale. This results to differences in GDP of poor and rich countries. We also see that aggregate demand is affected by price levels that either lowers or raises income and eventually influences balance of trade. Also, we have come at a conclusion that capital is the backbone of any business, but there are several decisions needed before a business could be established. Economics is a social science that studies production, distribution and consumption of goods and services. By extension economics also studies economic system, human welfare the creation and distribution of wealth, and the scarcity and alternative uses of resource. Under this definition, this study looks at the different market structure in a monopoly environment, examines the economy of selected countries, and studies the capital structure of business in order to understand the process of distribution of wealth. A monopolistic competition is a form of an imperfect competition which results from the differentiation of products by sellers. Dean, J. (p. 51) describes monopolistic competition as a situation where there are many sellers and no one can claim of control of major part of the common commodity. For example, McDonalds cannot claim a monopoly of hamburger sandwich as many others are selling the same product. McDonald differentiates its product thru advertising and promotion. Chart below shows a monopolistic competition which shows that on a short run basis, profit margin is comfortable for

Economics of UAE Essay Example | Topics and Well Written Essays - 2500 words

Economics of UAE - Essay Example The study also focuses on those factors which can be improved with the aim of increasing the economic stability of the nation. It has been observed in this regard that UAE strongly believes in diversification of the economy, followed by strong resources for supporting the initiatives for development in fields of education towards enhancing the overall competency of the nation. The economy of UAE is one of the fastest growing economies in the world (Ministry of Economy, 2008). Contextually, the economy of UAE offers large scope to foreign investors. The scope of Foreign Direct Investments (FDIs) is very high in UAE which makes the nation one of the most potential hubs for foreign nationals to penetrate through business outsourcing. As UAE has been developing vibrantly, there are many areas or sectors of development which are rendered with utmost priority by the government such as banking, education, industrial and infrastructural development, oil industries among others (Heyzer, 2009) . The keys sectors in UAE that has achieved excellence within the last ten years will be highlighted in this study along with the areas where UAE is criticised to be lacking behind. Correspondingly, an effort will also be made in this study to identify the areas in which future development will be much promising to ensure economic prosperity of UAE. Macroeconomic Performance of the UAE The macroeconomic performance of UAE can be assessed with reference to the major indicators including the GDP growth rate, inflation rate, population rate and its leading industrial components with due significance to the dimensions of oil reserves and oil exports. Contextually, the attributes signifying the diversification and the composition of GDP, international trade (with respect to its performances in terms of exports and imports), unemployment level, BoP, fiscal policies and all the major sectors of growth i.e. industries, infrastructures, banking and education can also be considered as useful when assessing the macroeconomic performance of UAE. With this concern, the economic performance of each of these indicators has been conducted through a brief discussion in the below sections. GDP A degradable growth in GDP has been observed in UAE over the past few years. For instance, in the recent years, its GDP has been falling from 5% in 2012 to 3.7% in 2013. It is worth mentioning in this context that economists have been arguing that the main reason for the decline is largely due to the enactment of new policies which are formed with the sole intention to control oil productivity, ensuring limits over the environmental hazards caused by this particular industry sector, which is often regarded to be the main source of national income in UAE. According to a global report, UAE’s GDP has been observed to have increased by 6.8% in 2012, quite admirably after its steep fall in the year 2008 owing to the occurrence of global recession as can be observed in the pictorial repr esentation below (Mubasher Info, 2013). With an increased rate of GDP in 2012 it can be expected to have more increase in the GDP rate in the year 2013 which can be considered as strength of the economy. But at the same time, the GDP growth rat

Propaganda Essay Example | Topics and Well Written Essays - 1000 words

Propaganda - Essay Example Propaganda The word ‘propaganda’ was defined by Linebarger (1954) as consisting of â€Å"the planned use of any form of public or mass-produced communication designed to affect the minds and emotions of a given group for a specific purpose, whether military, economic, or political" (p. 39). With the definition, one could effectively present an analysis of an advertisement that has been recognized as one of the best viewed ads of 2011: â€Å"Volkswagen’s â€Å"The Force†, in which a young Star Wars fan tries to use â€Å"The Force† on his father’s new Passat† (Holmes, 2011, par. 2). The advertisment definitely falls under the definition of a propaganda in terms of using mass-produced communication through the television and posting online with the purpose of eliciting emotion from the audience regarding the launching of 2012 Passat. In this regard, the paper aims to proffer issues pertinent to an analysis of the ad according to the foll owing categories: context, ideology, visual appeals, language, identification and otherness. The main message of the ad would be discussed as well as its effectiveness in eliciting emotional appeal from a wide range of audience. Context The ad was created by Interpublic Group's Deutsch Inc.'s Los Angeles office and was released online on February 2, 2011 (Hall, 2011). It was created for the Super Bowl, but, according to Holmes (2011), â€Å"VW had posted the clip online two weeks before the sporting event — allowing the clip to rack up 10 million views before it ever aired on TV† (par. 2). It was reportedly posted in YouTube and has topped the most viewed and shared branded video totalling â€Å"4.71 million social media shares and 46.05 million views since its online release† (Hall, 2011, par. 1). Description of the Ad? The advertisement began with the famous Star Wars music at the background and a boy in a Darth Vader suit walking along the hall of their home trying his supposed telekinesis powers on different objects: the stationary bike, the dog, the washing machine, a doll seated on a bed, and even a plate of sandwich that was reluctantly pushed over to him by his mother – all to his dismay and disappointment. When he heard his father’s car coming through the driveway, he immediately tried his power on the new Passat. Without his knowledge, and as observed by his parents over the kitchen window, his father used the remote control to start on the ignition of the Passat to coincide with his prodding for ‘the force’ - in total amazement and surprise of the boy. ?Message The message of the ad was that the vehicle responds to the needs of the family, including an unsuspecting boy – who wanted to test if he has any powers on objects. By responding to his efforts, the new Passat would be emotionally appealing to the boy and to the whole family. As reported by Pathak (2011), its creator, Mike Sheldon, CEO of Deutsch LA, the West-Coast arm of Deutsch Inc., disclosed that the main message of the ad was to focus on tapping â€Å"into humanity rather than sheet metal. "We've got every element, from John Williams’ music to a cute six year old," he said. "The Passat is a family car, it's new this year and we have to reach those people"† (Pathak, 2011, pars. 11 & 12). Ideology The basic ideology that framed the worldview in this ad is the human appeal provided by the new Passat by being packaged as a family car – more than seeing it as a piece of steel parts and for its functionality. By using a boy and the appeal of the Star Wars character, Darth