Benefits for consumers in an oligopoly market

Benefits for consumers in an oligopoly market This essay wills analysis the both advantages and disadvantages for consumers in this oligopoly market structure. Non-price competition and rigidity price are two main advantages for consumer, however, collusion make the loss of interests of consumer. An oligopolistic market can be defined as one market structure which has a few firms connected with each other to control the price and supply of market (Anderton, 2008). Compare with the characteristic of oligopoly, the UK supermarket industry are oligopolistic market. The most important factor is that the supermarket in UK have been dominated by four firms, which are Morrisons, Asda, Sainsburys and Tesco (SKYNEWS, 2009), they controlled approximately 75% grocery sales in UK ( natural choices, 2008). Therefore, the price of market is also controlled by them. In addition, these four firms brought more land in order to raise the barriers to entry (Daily Mail, 2007). Furthermore, firms would like to use the marketing mix to sell their pro duct at right place, using a reasonable price and useful promotion. For instance, these four supermarkets will spend more money on advertising every year (telegraph, 2009). Finally, collusion is a common situation in oligopolistic markets, such as, price collusion in supermarkets in UK (Mail online, 2008). Non-price competition is a marketing strategy of supplier to earning more profit. As market will make a decision depend on marketing mix, which include product, place, price, and promotion, consumer will get profit from this strategy (Anderton, 2008). Product is the main factor should be considered, it is homogenous in general. Businesses should determine the people who use their product firstly (Hall, 2009). For instance, if they sell toys, they will use bright colors or cartoon characters to attract childrens attention. In addition, owing to the improving technology, product innovation will increase in order to meet peoples needs. Therefore, market research will avoid businesses make mistake. At the same time, they also can know what kind of product consumers will buys. Another benefit for consumer is the pricing strategy, price has been made depending on the quality of product (Marketing teacher, 2008). Therefore, consumer do not have to worry about the value of product over the quality, they will buy product in a fair market. According to news from mail online, Aldi and Lidl beat the big four due to the cheaper price. As a consequence, these two stores win the consumers trust, 61 per sent much higher than Tesco and Asda which just less than 50 per sent (Mail Online, 2010). From this research, it is easy to see that price is a extremely import factor to businesses and consumers. In spite of these two factors, place is also the important item. As we can see from the table on the below, with the increasing number of stores have opened, peoples life has become more convenient (Solar navigator, 2005). If consumers are used to buy a brand, they will not change their mind arbitrarily. Therefore, consumer will go to the same store at different place. It will make them assured. Furthermore, online shopping is also become a hot topic for people, they can shop at home, it not only left their time, but also saving traffic expenses. Moreover, 24 hours store also provide convenience for consumers. Format Number Area (ft ²) Area (m ²) Percentage of space Tesco Extra 100 6.6 million 613,000 27.2% Tesco 446 13.9 million 1,290,000 57.4% Tesco Metro 160 1.9 million 180,000 7.8% Tesco Express 546 1.1 million 102,000 4.5% One Stop 527 0.7 million 65,000 3.1% Total 1,779 24.2 million 2,250,000 100% Finally, promotion is the way businesses show their product to consumer. During this process, businesses will combine the features of product to choose a suitable promotional method. Businesses can use advertising slogan or show their products feature in order to draw peoples attention. Consequently, consumer can choose a brand of product which they prefer. Meanwhile, consumer will know more information about the product. Moreover, consumer also can earn profit due to the rigidity price. Based on the kinked demand cure on the below, assume A is the market price, if one firm rise their price, other firms will not follow (S-cool, 2000). Therefore, consumers would like to buy cheaper one of same product. Above the point A is the price elastic, which means businesses will loss profit if they improve their price. On the other hand, if one firm decreases the price, others will relatively drop down at the same time. However, cutting price when demand is inelastic, which also make the revenue falling. As a result, businesses will not change their price random; they will try to keep a stable price in the market. Consequently, consumers have become the most beneficiary. Nevertheless, collusion cause consumer lost much profit. It defined as a few number of rival firms make decision together for earning more profit. For instance, four supermarkets can control the supply of product; meanwhile, they will increase their price to get more abnormal profit. In addition, experienced businessman will have tacit, tacit collusion will occur that time. Formal collusion also destroys consumers benefit, because businesses always put their profit on the first place. As a consequence, consumer should face an unfair situation, because they have no ability to change the price (Anderton, 2009). In conclusion, although collusion creates significant disadvantages for consumer ¼Ã…’they can be benefited more from the marketing mix and rigidity price,. In specific, instead of price competition solely, consumers needs be satisfied by marketing mix. Business will use suitable promotion and price in different place, which depending on the type of their product. Furthermore, stable price let consumer use reasonable price to buy product they wanted. On the other hand, collusion has created disadvantages for consumers by control supply and price. However, government has already prepared to stop this phenomenon (Mail Online, 2009), which is a good news for consumers. Overall, these four supermarkets played a significant role in peoples normal life in UK; increasing number of requirement can be fulfilled. However, these four supermarkets take too much market share, it make high barrier for new firms. Government should consider reduce the barriers to entry, therefore, consumers will have more choice for buying product.

Benefit to Home Country Essay

A relatively small number of disease and conditions account for a large share of health burden, and most of them can be prevented and treated with low cost interventions. However Maldives have a shortage of physicians, nursed and allied health workers, and much of the population lives a significant distance from a tertiary health care facility. So, access to medical care is a constant challenge for a substantial portion of the population. Very few health care providers are trained specifically in community health and safety, despite the presence of several strong medical programs within the country. Male’ Health Service Corporation Ltd (MHSC/MALDIVES) is the first health corporation formed in April 2010. MHSC was formed to provide health care needs within the country. (Approximately sixty percent of the population) However maternity care is one of the main leading forefronts (www.mhsc.com.mv). Lack of skilled health care professionals and the related difficulties in distributi on of the necessary health care resources has resulted in the majority of births occurring in the tertiary hospital (IGMH). Moreover caesarean delivery rates are higher in the island hospitals due to the lack of skilled based midwives. (www.health.gov.mv) Furthermore, the vast majority of the population having little or no knowledge regarding health care issues can be attributed to the poor health care system in the country. Despite the difficulties in the field, with the gained knowledge and experience, I would like to strengthen the maternity care within the country. Every woman should have the choice for a planned pregnancy, safe birth and healthy newborns. To deliver a maternity service that enables women to have a positive birth experience and gives midwives the satisfaction of providing quality care, it is important to consider the organizational structures and environment in which it is delivered. The aim of WHO strategy based in Maldives in the year 2005 was safe pregnancy, evaluation of health care workers and development of guidelines for reduction of maternal mortality (www.who.org.mv). Hence, this must be done in conjunction with the appropriate use of healthcare professionals’ skills. Some of the key factors include: improving the environment the care is given, strengthening multidisciplinary partnership. Policy development and strategy making are some other factors to be looked upon. Yet the importance of healthcare management in an organization is realized when the organization is fully staffed and is financially sound to inve st in advanced equipments. A basic concept in health care management is to provide affordable health care services to an average person. For example to pay for health visits, drugs, caring of the elderly etc. My aim is to strengthen the midwives in the country. To enroll skilled based professionals in giving care to the pregnant women in a financially feasible budget, while educating the community respectively. To conclude I believe the organization will benefit as I believe myself worthy candidate for the health care management program.

Childrens Stories About Being Yourself

The ancient Greek storyteller Aesop is credited with crafting scores of tales with valuable moral lessons. Many of them still resonate today, including the following tales about being yourself. Pretense Is Only Skin Deep Aesops fables tell us that nature will shine through no matter what package you put it in. Theres no point in pretending to be something youre not because the truth will eventually come out, either by accident or by force. The Cat and Venus. A cat falls in love with a man and begs  Venus to change her into a woman. Venus complies, and the man and cat-woman are married. But when Venus tests her by dropping a mouse into the room, the cat-woman leaps up to chase it. The cat can change her appearance, but not her nature.The Ass in the Lions Skin. A donkey puts on a lions skin and runs around the jungle scaring the other animals. But when he opens his mouth, his bray gives him away.The Vain Jackdaw. Dressing in the discarded feathers of other birds, a jackdaw almost convinces Jupiter to appoint him king of the birds. But the other birds strip him of his disguise and reveal his true nature.The Cat and the Birds. A cat, hearing that the birds are ill, dresses as a doctor and offers his help. The birds, seeing through his disguise, reply that theyre fine and will continue to be so if he will only leave. After all, the birds have a lot more at stake than the cat does. The Dangers of Pretense Aesops fables also warn us that trying to be something youre not can alienate others. The protagonists in these tales end up worse off than if they had just accepted themselves. The Jackdaw and the Doves. A jackdaw paints his feathers white because he likes the looks of the doves food. But they catch on to him and chase him away. When he goes back to eat with the other jackdaws, they don’t recognize his white feathers, so they, too, chase him away. Guess who ends up hungry.The Jay and the Peacock.  This story is similar to The Jackdaw and the Doves, but instead of desiring food, the jay just wants to strut like a proud peacock. The other jays watch the whole thing, disgusted, and refuse to welcome him back.The Eagle and the Jackdaw. A jackdaw, envious of the eagle, tries to behave like one. But without the eagles skills, he gets himself into a sticky situation and ends up as a pet for children, his wings clipped.The Raven and the Swan. A raven who wants to be as beautiful as a swan becomes so obsessed with cleansing his feathers that he moves away from his food source and starves to death. Oh, and his feathers stay black.The Ass and the Grasshopper.   This story is similar to The Raven and the Swan. A donkey, hearing some grasshoppers chirping, jumps to the conclusion that their voices must be a result of their diet. He resolves to eat nothing but dew, and consequently starves. Be Yourself Aesop also has a host of fables designed to demonstrate that we should all be resigned to our station in life and not aspire to anything greater. Foxes should be subservient to lions. Camels shouldnt try to be cute like monkeys. Monkeys shouldnt try to learn to fish. A donkey should put up with a terrible master because he could always have an even worse one.  These arent great lessons for modern children. But Aesops stories about avoiding pretense (and not starving yourself for beauty) still seem relevant today.

Maria Garcia International - Company Profile - 1130 Words

Maria Garcia International: ABOUT THE FOUNDER: Maria Garcia is an established name in the field of beauty products. Maria s childhood dream of producing her own range of top quality skincare and fragrance of the soul arrived during 1997. As with her illustrious predecessor, Coco Chanel, Maria Garcia came from humble beginnings. She was born on Madiera and then together with her family came to South Africa as a child. As an adult, Maria honed her skills working for other cosmetic firms. In 1993, the entrepreneurial spirit came forth and she launched a vibrant cosmetic company. She spent three years building that company into a highly successful enterprise that was later acquired by a major American cosmetic group. In†¦show more content†¦Garcia. To further ensure the goal of integrity and quality, the team continuously works closely with top industry experts. Maria Garcia s philosophy is that no matter if you’re a woman, man or child, if you’ll dedicate five (5) minutes in the morning and another five (5) minutes in the evening with our products, you’ll see your skin transform and transition toward a more youthful appearance, a smoother texture and a suppleness you thought you had lost. For children, our philosophy is that skin that is well-taken care of skin from a young age is a foundation for a lifetime. In the current increasingly competitive skincare industry, retailers constantly seek new and innovative products, which will attract Consumers to purchase. Floor-space dedicated to low turnover products reduces the asset turnover of not just the retailer’s cosmetic market channel, but also the overall enterprise’s asset turnover results. Cosmetic products in the â€Å"A/B† market that generate high asset turnover typically generate high net revenues for the enterprise. MG Visions International (PTY) Limited will increase customer/ consumer traffic, will increase product turnover and will increase sales revenues for retailers who carry our product lines. The Brands The Companies develop and market the following brand lines: †¢ MG Labs (Skincare) †¢ MG Labs Fragrances and Colognes †¢ Maria Garcia (Skincare) †¢ Maria Garcia Fragrances and Colognes MG Labs targets the upper end of theShow MoreRelatedThe Pbs J Accounting Scandal2212 Words   |  9 Pagesthese incidents, the Sarbanes-Oxley Act (SOX) of 2002 was passed. Once the knowledge of these scandals was made public, a number of subsequent accounting scandals were discovered in public companies such as Tyco International, HealthSouth, and American Insurance Group. In addition, a then-employee-owned company, Post, Buckley, Schuh Jernigan, Inc. (dba PBSJ, now known as â€Å"Atkins North America, Inc.†), was also hit by a similar accounting scandal. 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Asperger’s Disorder Essay examples - 1385 Words

Amazingly, one percent of new births will have some type of autism (Autism Society of America, 2010). Asperger’s disorder is one type of Autism, and is at the high end of these disorders. This â€Å"disorder, which is also called Aspergers syndrome (AS) or autistic psychopathy, belongs to a group of childhood disorders known as pervasive developmental disorders (PDDs) or autistic spectrum disorders†(Exkorn, 2006). A characteristic of this disorder is harsh and strict disruption of a certain type of brain development. The most affected areas of Aspergers disorder is difficulty in social understanding and in behavior or activities that are limited or recurring (Frey, 2003). Students with Asperser’s have different levels of seriousness,†¦show more content†¦He gave an example of how John improved with help. When a teacher would notify John that it is time to change classes, he would get aggravated and would want to finish the model he had begun. 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Academy Awards Ceremony Free Essays

At the very first Academy Awards ceremony in 1929, the writing awards were already split into two categories: Best Writing, Original Story and Best Writing, Adaptation. (For the record, that first year saw the only presentation of an Oscar for Best Title Writing, an art that had become obsolete by the following year.) Over the next few decades, the delineation of the screenplay awards morphed a bit. We will write a custom essay sample on Academy Awards Ceremony or any similar topic only for you Order Now For a while, three awards were presented: Best Original Screenplay, Best Original Story, and Best Story and Screenplay- confusing categorizations that speak to the tortured distinctions made by the Writers Guild when determining authorship. But for the last half century, the sensible division between an original screenplay and a screenplay based on a preexisting work has held. Writers and their audiences see a difference between the art of creating characters, situations and dialogue out of whole cloth and the art of turning an existing work into a film script with all the requisite transformations that such a translation entails. This is not to say that the distinction between an original and adapted work is always clear. In 2000, Joel and Ethan Coen ‘s O Brother, Where Art Thou? was nominated for Best Adapted Screenplay thanks to a credit on the film that cheekily stated it was based on Homer’s Odyssey. Eyebrows rose all over Hollywood: O Brother had about as much to do with the Odyssey as did The Wizard of Oz or really any story about someone lost who wants to go home. The Coens were perhaps prompt- ing the age-old debate as to whether any artwork, especially a narratively driven artwork, is ever truly original. In a broad sense, every storyteller obviously builds on the stories that came before him or her and relies on pre-programmed audience expectations. Harold Bloom’s Anxiety of Influence addresses this topic with great insight, and an entire academic discipline, the study of â€Å"Intertextuality,† analyzes this phenomenon. The Oscar nominees for Best Original Screenplay this year – American Hustle, Blue Jasmine, Dallas Buyers Club, Her, and Nebraska – all utilize existing genre tropes, standard (or subverted) plot devices, patterns of dialogue derived from previous works, and so forth. Blue Jasmine is quite consciously based on Tennessee Williams’ A Streetcar Named Desire, with virtually every character and situation a direct outgrowth of the earlier work. The dialogue is new, but it’s debatable as to whether the work is â€Å"Original† in the strictest sense. Certainly it is much more of an adaptation than O Brother, Where Art Thou? Conversely, one of the nominees for Best Adapted Screenplay this year is How to cite Academy Awards Ceremony, Papers

Essay Analyzing The Structure And Language Of The Declaration Of Independence Example For Students

Essay Analyzing The Structure And Language Of The Declaration Of Independence When, in the course of human language, it becomes necessary for people to create or redefine, words or phrases to express an object or an action; and to assume, among society, the acceptance and usage of these words and their definitions, in ones own language, or idiolect. A decent respect to the opinions of mankind, requires that Americans should recognize slang adopted into language. We hold these truths to be self-evident: that language is expression of thought, in the form of speech or written symbols, that have agreed-upon meanings. That, many large speaking languages contain dialects, or other versions of languages within a community, that are different in some aspects of grammar, pronunciation, or vocabulary. That, because language is a form of ones own ideas and expression, everyone possesses his or her own individual language, or idiolect. That, not only does perception change language, but that language changes perception. That, through the course of history, idiolects have shaped dialects, which have shaped language, which in turn, have shaped concepts. Conservatives, indeed, will dictate that languages will follow a narrow path toward a standard language. And accordingly, expression will follow the rules and guidelines that limit thought, rather than the ability to rethink old vocabulary and enrich new ones. When we speak, write, learn, and think in a s lowly evolving vocabulary, which does not adapt to the more rapid introduction of cultures, concepts, fashion, and technology, we must add new meaning to conventional vocabulary.Such has been the language of Conservative American English speakers and writers, who have discouraged the use of creative language and the use of dialects and idiolects. Many individuals have not noticed that new vocabulary is, at many times, adopted into ones language. A large number of slang words and phrases have been considered standard in todays daily speech.To prove this, let us claim a few of the many slang terms that have been adopted. Slang has been used, where other words seemed unfit to describe a thought or feeling:Awesome.Radical.Cool.Far OutNew words that were created to describe new technology:A cellular or mobile telephone. The internet or the computer and modem accessed information highway. Electronic mail or computer generated mail. A beeper or an electronic paging device. Metaphors, similes, and creativeness also create slang:A coward is a chicken.Money is bread. A ride is a car. One thousand dollars is a grand.People eat grub.Smoking marijuana is the same thing as smoking weed or pot.A toilet is the John.A toilet is the can.A toilet is the hole. A Cop is policeman. A Pig is also a policeman. If something is bad it is really good.Those who are plastered are drunk. Those who are hammered are drunk. People who are driving too close behind another car are tailgating.Slang, also evolves in the form of phrases:A person Kicking Back, is relaxing. Cut to the chase or get to the point. Accept the consequences, or face the music.Two cents worth, or an opinion. The whole nine yards or everything. In the English language, we have petitioned for the use of slang in language. But our creative language has been considered meaningless to conservatives of standard English. Conservatives, who themselves use vocabulary that was at one time considered slang, are unfit to argue against it. Every language around the world adopts slang that, at one point, was considered nonstandard to the majority of the people. Slang is used to provide new shades of meaning. Slang is shared by introducing new concepts, just as new objects and ideas are shared. All vocabulary establishes its meaning through the acceptance of its concept into ones language.We must continue to express thoughts through ones choice of language, and accept them, as we would accept the importance of originality and creativity within individuals. .uc1b2fe12f0637ba63ad817d95055e9be , .uc1b2fe12f0637ba63ad817d95055e9be .postImageUrl , .uc1b2fe12f0637ba63ad817d95055e9be .centered-text-area { min-height: 80px; position: relative; } .uc1b2fe12f0637ba63ad817d95055e9be , .uc1b2fe12f0637ba63ad817d95055e9be:hover , .uc1b2fe12f0637ba63ad817d95055e9be:visited , .uc1b2fe12f0637ba63ad817d95055e9be:active { border:0!important; } .uc1b2fe12f0637ba63ad817d95055e9be .clearfix:after { content: ""; display: table; clear: both; } .uc1b2fe12f0637ba63ad817d95055e9be { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc1b2fe12f0637ba63ad817d95055e9be:active , .uc1b2fe12f0637ba63ad817d95055e9be:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc1b2fe12f0637ba63ad817d95055e9be .centered-text-area { width: 100%; position: relative ; } .uc1b2fe12f0637ba63ad817d95055e9be .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc1b2fe12f0637ba63ad817d95055e9be .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc1b2fe12f0637ba63ad817d95055e9be .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc1b2fe12f0637ba63ad817d95055e9be:hover .ctaButton { background-color: #34495E!important; } .uc1b2fe12f0637ba63ad817d95055e9be .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc1b2fe12f0637ba63ad817d95055e9be .uc1b2fe12f0637ba63ad817d95055e9be-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc1b2fe12f0637ba63ad817d95055e9be:after { content: ""; display: block; clear: both; } READ: The Geography of New Zealand EssayWe, therefore, the representatives of a linguistic society, do, in the Name, and by authority of speakers and writers of English, declare that slang refreshes language with new concepts, ideas, and interest; that slang allows language to evolve with society; that there are no determining factors in declaring a true language; and, that language contains vocabulary where its meanings are changed and new ones are introduced.