Implications Australian Economy Of Strong â€Myassignmenthelp.Com

Question: Discuss About The Implications Australian Economy Of Strong? Answer: Introduction The global economic scenario though consists of many players, have been consistently dominated by few big economies, over the last few decades. One of such economies is the country of Australia. With the annual GDP of more than 1.5 trillion US dollars, in 2014, the economy poses as one of the largest economies in the world. The country has been the fifteenth largest in terms of per-capita GDP and twelfth largest in terms of nominal GDP in the world. The country has one of the largest external sectors and is the nineteenth largest exporter and importer in the global scenario (Dyster Meredith, 2012). Over the last few decades, the country has developed strongly in almost all of the economic aspects, which is reflected in the countrys economic and industrial boom, a highly developed and sustainable service sector, the GDP statistics and the overall population growth and standard of living the country. The country experienced a significant and unprecedented boom in its mining sector, which started from 2003 and had a huge contribution in the shaping up of the economy. The residential sector also has developed hugely, drawing a considerable amount of foreign investments in the last few decades. The external sector of the Australian economy has performed significantly well with time. The robust economic policies and strong strategic framework clubbed with the countries strong trade relations in global economic scenario and efficient banking sector has helped it in remaining comparatively unaffected by the Global Economic Crisis of 2007-2008, which otherwise affected all the other maj or economies in the world. In general, the economic growth and the overall health of the economy and the well-being of the residents of any economy can be portrayed with the help of different economic indicators like GDP statistics, GDP growth and growth rate, inflation, employment and overall poverty indicators of that economy. The essay tries to analyze the economic transformations and conditions of Australia, between 2005 and 2014, with the help of the performances of the above-discussed economic indicators (Groenewegen McFarlane, 2014). Production Output Performance The overall economic performance of any country over certain period can be roughly pictured with the help of the economic growth indicators of the country, like that of the gross domestic product of the country within that specified period of time. Real GDP is a more robust version of this indicator as it is adjusted for price changes and inflation or deflation, as the presence of these phenomena, if not adjusted (as in nominal GDP) can give wrong signals about the economic well being of that country. The growth of GDP and its rate of a country with time show the overall performance and economic progress of the country with time (Potrafke, 2012). The GDP statistic of Australia has shown considerable fluctuations in the last few decades, owing to several positive as well as negative global and domestic phenomena, having significant implications on the economy of the country. The GDP of the country increased significantly from 613.3 billion USD in 2004 to 1.46 trillion USD in 2014. Figure 1: GDP Growth Rate of Australia (Source: Tradingeconomics.com, 2017) The above figure supports the fact that the economic growth of the country has been subjected to several fluctuations along with time. For example, the global economic crisis of 2007-2008, had significant negative impact on the economy, which can be seen from the huge trough in its GDP growth rate curve, as shown in the above figure (Source: Tradingeconomics.com, 2017). Again, on the other hand, the mining boom, one of the most significant event in the economic history of the country, which changed the dynamics of the country to a huge extent, increased the GDP growth rate of the country as well and helped the country to emerge as a dominant player in the global economic scenario. Table 1: Growth rate of GDP in Australia at constant prices: (Source: Data.worldbank.org, 2017) It is evident from the above table, that the real growth rate of the economy, though fluctuating substantially, has maintained a growth rate of above 2.5% in most of the years between the time span 2005 to 2014. The growths rates though appear to be low for a country that has already developed these rates are not unimpressive. This indirectly implies that over the years the country has strengthened its economic position, handling the economic hurdles that came on its path (Plumb, Kent Bishop, 2013). However, the GDP and GDP growth rate statistics are not enough to conclude about the countrys overall well being, as it does not portray any picture about the distribution of the fruits of economic growth among the residents of the country. To comment about the distribution and overall welfare of the citizens of the country, it is important to take into account the growth of the per capita GDP of that country with time. Table 2: GDP per capita in Austraia (Purchasing Power Parity adjusted): (Source: Data.worldbank.org, 2017) The theory of purchasing power parity states that two counties achieve equilibrium in terms of the exchange rates between the domestic currencies of those two countries, when both the countries enjoy similar purchasing power. The above table shows that the per capita PPP adjusted GDP has consistently increased in the country from 2005 to 2014, despite of the presence of significant fluctuations in its GDP growth rate during the same period. This can be attributed to the impressive performance of the governing and the monetary authorities of the country, which did a commendable job in keeping the standard of living of the residents continually increasing, even in face of economic fluctuations and turmoil. Government Measures The regulatory framework of the country being among the most transparent and prudent ones, the country came out of situations like economic crisis and others, relatively less affected in real terms (Kubiszewski et al., 2013). The government has taken several microeconomic steps like deregulating the labor market, reducing strict tariffs for domestic industries in order to make them competitive in the international scenario, privatization and deregulating the financial markets. Apart from a host of monetary and fiscal policies, which are pro-growth in nature, the government also maintains a stable tax structure with reduced distortionary taxes. Labour Market For observing the overall economic welfare of a country and its residents, it is utmost necessary but not sufficient to study the dynamics of the gross domestic product of the country only. A lot about the welfare of the residents of a country can be said from the employment scenarios of the country, the prevalence of different types of unemployment and the dynamics in the labour market and wage statistics of the country over time (Bernal-Verdugo, Furceri Guillaume, 2012). The rate of unemployment of a country is defined as the indicator of existence of unemployment burden in a country over time. It is measured as the ratio of the total number of unemployed people in a country (those who are eligible to work but are not working at present) by the total number of people in the labor force of that country at that point of time (Hornstein, 2012). Unemployment, in general can be of three broad types, depending upon their nature and longevity: a) Frictional Unemployment- This type occurs with the normal turnovers in the labor market of an economy and portrays the job leaving and job joining scenarios of the country. This type of unemployment, therefore, is short term and temporary in nature and does not have significant implications on the economy. b) Cyclical Unemployment- This type of unemployment occurs with the up and down cycles experienced by the economy. Economic events like depression, recession and others cause cyclical unemployment, which though have significant implications on the economy in that specific period, is temporary in nature (Diamond, 2013). c) Structural Unemployment- This is more long term in nature and arises due to disparities between the skills demanded by the employers and the skills present among the workers in general. This reflects the technological stagnancy of a country and if not rectified properly can have tremendous negative implications on the overall well being of the residents of the economy (Hornstein, 2012). The unemployment statistics of Australia, as can be seen from the table below, tells a lot about the dynamics of the labor market in the country with time: Table 2: Unemployment rate change and percentage change in Australia: (Source: Tradingeconomics.com, 2017) As can be seen from the above table, the unemployment rates in the country, from 2005, followed a negative trend, with the percentage changes being negative almost throughout the time span between 2005 and 2014, thereby implying that the government of the country implemented appropriate measures and regulation of the labor market. However, a major increase in the percentage change in the unemployment growth rate was observed in 2009 (31.42%), much of which is attributed to the effects of the great global recession. This started in the USA and percolated to almost all the economic giants, thereby having huge implications on the Australian labor market as well as tens of thousands of households lost their job (Sala, Silva Toledo, 2012). However, the nature of this unemployment was more of cyclical in nature and the economy recovered from the shock eventually. Unemployment rates, however, started rising again from 2012 and has continued till 2014, much of which may be due to the withering out of the initial booming conditions of the countrys mining industry. The nature seems to be structural as the skills of the workers are becoming obsolete with the fall in demand of the mining industry (Gregory Smith, 2016). Government Measures It took a lot of time for the economy to bring back equilibrium in the labor market with falling rate of unemployment after the recessionary period. Much of this success can be attributed to the measures taken by the government. The Australian economy has undergone a shift in the job pattern from full time workers to part time or casual ones, post the Gobal Economic Crisis of 2007-2008. This has led to creation of a huge number of jobs and job finding has become easy. Though these jobs mainly do not have high securities like the former type, the government still facilitates this knowing that it helps in keeping the rate of unemployment low and people can sustain themselves. Apart from this various unemployment subsidies and buffering measures including skill development programs are also undertaken by the government to make the workers more eligible for employment. Price dynamics Another robust indicator of economic and overall health of a country and the standard of living of its residents is the overall price level prevailing in the country at a point of time. A country with a long persisting high level of prices, in general does not perform well in the economic indicators as high prices in an overall scenario, hurts the well being of the residents of the country significantly and has several implications on the standard of living of the country in general (Kumar, Webber Perry, 2012) . The most broadly used indicator to measure the price levels and dynamics in this sector of a country is that of inflation and inflation rates. Inflation refers to the overall increase in the price levels of goods and services of a country in a generalized framework. The rate of inflation of a country over a period, therefore, shows the dynamics of the price levels of the country and indirectly reflects on the changes in the cost of living in that country with time (Hansen, 2016). Depending upon the nature and the causal factors, inflation is mainly categorized into two types: Demand-pull inflation- This type of inflation generally occurs in a country with a sudden upsurge in the overall demand of goods and services of a country, thereby creating an excess demand in the market and raising the price levels. Cost-push inflation- Often the overall cost of production in a country increases due to exogenous and endogenous factors, thereby increasing the prices of the goods and services as well (Grindle, 2012). Table 3: Inflation in Australia: (Source: Data.worldbank.org, 2017) The above table shows the changes in the inflation of the country with time as per the GDP deflator indicators. GDP deflator is the ratio of the nominal and real GDP, multiplied by 100 and measures the price inflation of a country. Much of the inflation that has been existing in the country has been due to the mining boom, which the country had experienced in the last decade (Downes, Hanslow Tulip, 2014). The mining boom led to creation of huge scopes of employment, which in turn increased the overall demand of the country, thereby causing a demand-pull inflation in the country (Gregory Smith, 2016). Apart from this the country now and then experiences inflation which are mainly of cost push types, like in the recent period due to the upsurge in fuel price. The economy also experiences the high cost of import from China, which in turn has led to decrease in domestic supply and led to a hike in price levels. Government Measures However, the government has done a commendable job in the recent few years in keeping the inflation rate moderately low. In Australia, over the last few years, the standard of living, wage and employment has grown at a higher rate than that of inflation, thereby inflatin having low significance on residents lives. The monetary framework, tax structure and the saving incentives provided by the Australian government have contributed cumulatively in keeping the inflation rates low in the country. The external sector of the country, has also strengthened a lot with due course of time and the country has now established robust ties with almost all the economic giants in the world. This in turn helps the country to keep a floating exchange rate and helps to provide buffering in case of any discrete price fluctuation. This was evident from the strikingly better performance of the economy of the country, in keeping the overall price levels more or less floating during the period of Great Rec ession, 2008, which affected almost all the countries in the world adversely. Conclusion From the above discussion, it is evident that Australia has eventually emerged as one of the strongest economies in the global economic scenario and there are robust reasons behind it becoming a global economic giant. The economy has shown significant dynamics in its real GDP growth rate, however, keeping purchasing power parity adjusted per capita GDP increasing continually between 2005 and 2014. This in turn implies that though the economy was effected by the global economic crisis, it somehow managed to come out of the problem, without causing much sufferings to the residents. Much of this stability and consistency of the countrys economy can be attributed to the monetary and fiscal strategic framework desiged by the governing authorities of the country, which kept the economy floating. The unemployment scenario of the country has also been under control except for two or three instances, where the unemployment in the economy was significantly high, much of which being cyclical in nature. There are evidences of existence of structural unemployment in the country, as in the time of the crisis of 2012. However, the government has managed to keep the recent statistics low by changing the structure of the jobs now available to mainly part time ones, thereby making job finding easier. The mining boom in the country, contributed to its inflation rates, due to the existence of demand pull inflation, with the recent trends showing a negative turn due to the withering out of the mining boom effects. The government of the country has in general managed to keep the balance between a steady and low inflation rate and an impressive unemployment management. The external sector of the country is also gaining strength with time, thereby having positive implications on both the price levels and the level of employment creation prevailing in the country. Overall, the country has been and is still performing impressively in terms of economic growth and well-being of its reside nts and shows potential of emergence as a greater economic power in the future global economic scenario. References Bernal-Verdugo, L. E., Furceri, D., Guillaume, D. (2012). Labor market flexibility and unemployment: new empirical evidence of static and dynamic effects.Comparative Economic Studies,54(2), 251-273. Data.worldbank.org. (2017).Australia | Data.Data.worldbank.org. Retrieved 9 September 2017, from https://data.worldbank.org/country/australia Diamond, P. (2013). Cyclical unemployment, structural unemployment.IMF Economic Review,61(3), 410-455. Downes, P. M., Hanslow, K., Tulip, P. (2014). The effect of the mining boom on the Australian economy. Dyster, B., Meredith, D. (2012).Australia in the global economy: Continuity and change. Cambridge University Press. Gregory, R. G., Smith, R. E. (2016). 15 Unemployment, Inflation and Job Creation Policies in Australia.Inflation and Unemployment: Theory, Experience and Policy Making, 325. Grindle, M. (2012). Good governance: The inflation of an idea.Planning ideas that matter, 259-282. Groenewegen, P., McFarlane, B. (2014).A History of Australian Economic Thought (Routledge Revivals). Routledge. Hansen, B. (2016).A Study in the Theory of Inflation. Routledge. Hornstein, A. (2012). Accounting for unemployment: the long and short of it. Kubiszewski, I., Costanza, R., Franco, C., Lawn, P., Talberth, J., Jackson, T., Aylmer, C. (2013). Beyond GDP: Measuring and achieving global genuine progress.Ecological Economics,93, 57-68. Kumar, S., Webber, D. J., Perry, G. (2012). Real wages, inflation and labour productivity in Australia.Applied Economics,44(23), 2945-2954. Plumb, M., Kent, C., Bishop, J. (2013).Implications for the Australian economy of strong growth in Asia. Reserve Bank of Australia. Potrafke, N. (2012). Political cycles and economic performance in OECD countries: empirical evidence from 19512006.Public Choice,150(1), 155-179. Sala, H., Silva, J. I., Toledo, M. (2012). Flexibility at the margin and labor market volatility in OECD countries.The Scandinavian Journal of Economics,114(3), 991-1017. Tradingeconomics.com. (2017).Australia GDP Annual Growth Rate | 1960-2017 | Data | Chart | Calendar.Tradingeconomics.com. Retrieved 9 September 2017, from https://tradingeconomics.com/australia/gdp-growth-annual

Standing In The Light Essay Example For Students

Standing In The Light Essay 1. The theme of this book was in search of ones self. I chose this theme because Catharine was in search of her self throughout the whole story. Her and her brother were taken captive by the Lenape Indian tribe and she had to search to find her self throughout her time in captivity. In the beginning when she was captured, it was awkward and confusing. This was because she was a Quaker and she didnt know if she was now an Indian or still a Quaker, because the Lenape werent going to return her to her family. We will write a custom essay on Standing In The Light specifically for you for only $16.38 $13.9/page Order now She had to search her own self, and eventually she became used to the way of Indian life. She never forgot her family, but she had come to love her new family. She had also become accustomed to her new way of life. After about a year of living with the Lenape, white men came and took Catharine and her brother away. This really made her confused because she had just found herself with the Lenape and now she has to find herself with her own family again. She never quite found herself with her people, but she would always know where she truly belonged. 2The main character of this book was Catharine. She was strong-willed and adjusting. She was strong-willed when she had the strength to adjust to her new ways of life. She was pulled from her old life, to her new life, back to her old life. It was very difficult for her because both the Quakers and the Lenape were two very different cultures. She found herself having mixed feelings and a lot of confusion, but she had the will to deal with it. Catharine was also adjusting. She was adjusting when she had to adjust to life with the Lenape. She had to learn new ways of life; she had to learn how to survive off the land. She also made her own clothes and gathered food. She also had to adjust to new customs. The Lenape religion and the Quaker religion are very distinct from eachother. Catharine adjusted to the Lenape religion very well. 3. The Author wrote this book for a couple of reasons. First, she wrote it for entertainment. A lot of people like to read books about the past. Also, I have never read a book about Indians capturing a girl and her brother. They captured them because two members of the tribe lost their children because the white men had killed them. It was a different book and people like to read books like it. The author also wrote this book because she wanted to inform the readers about how the white men treated the Indians. They killed their people and broke many treaties. Also, it was a back and forth battle. The white men killed their people and so did the Indians. In this case the Lenape took two white children and raised them in place of their own murdered ones. The author told the story through the perspective of Catharine. People like to read books like this. 4. I absolutely enjoyed this book. I really liked the fact that it was historical fiction, because that is my favorite. I also liked that Catharine told the story through her own perspective. I could better understand her situation. I learned a lot from this book. I learned a great deal about the situation with the Indians and the white man. The fact that a girl my age was telling the story gave me a unique gaze into the past. I actually saw the story through Catharines eyes. I will defiantly read more books by this author. She did the finest job interpreting the history in the story and I look forward to reading more books by this author. .u4f921ae9239882ad179dd0873effe86a , .u4f921ae9239882ad179dd0873effe86a .postImageUrl , .u4f921ae9239882ad179dd0873effe86a .centered-text-area { min-height: 80px; position: relative; } .u4f921ae9239882ad179dd0873effe86a , .u4f921ae9239882ad179dd0873effe86a:hover , .u4f921ae9239882ad179dd0873effe86a:visited , .u4f921ae9239882ad179dd0873effe86a:active { border:0!important; } .u4f921ae9239882ad179dd0873effe86a .clearfix:after { content: ""; display: table; clear: both; } .u4f921ae9239882ad179dd0873effe86a { 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; } .u4f921ae9239882ad179dd0873effe86a:active , .u4f921ae9239882ad179dd0873effe86a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4f921ae9239882ad179dd0873effe86a .centered-text-area { width: 100%; position: relative ; } .u4f921ae9239882ad179dd0873effe86a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4f921ae9239882ad179dd0873effe86a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4f921ae9239882ad179dd0873effe86a .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; } .u4f921ae9239882ad179dd0873effe86a:hover .ctaButton { background-color: #34495E!important; } .u4f921ae9239882ad179dd0873effe86a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4f921ae9239882ad179dd0873effe86a .u4f921ae9239882ad179dd0873effe86a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4f921ae9239882ad179dd0873effe86a:after { content: ""; display: block; clear: both; } READ: The Mi'kmaq-A Way Of Life Essay Words/ Pages : 698 / 24

The Crusades essays

The Crusades essays There are differing views on whether the Crusades were motivated by religion or were there also other factors. Hans Eberhard Mayer says that other factors were also important in the development of the Crusades, but the religious motivation was the strongest. Ronald Finucane counters that political, economic, and social factors also were responsible in the development of the Crusades. The crusades arose out of the feudal society of the eleventh century. Pope Urban II had called the Christians to join him in a Holy War to reclaim the Holy Lands as an act of Christianity. He appealed to the interest of the people by offering them salvation if they rescued the Holy Land from the Muslim people. He kept in mind the materialistic and economic prospects of the venture. This offered crusaders freedom, adventure, and the possibility of economic gain. The crusades were a defensive act against the flourishing Muslim faith, which Christians perceived as a threat to their own faith and way of life. The prospect of wealth and expansion were an added bonus. The original objective of the Crusade was to provide help to the Christian Church in the East, but the seed of greed was planted in the minds of men. The opportunity for social advancement and the possibility of increasing wealth were very tempting to the crusaders. This was an opportunity for European expansion. This opened up the Mediterranean Sea for Christian shipping and provided trade with the Near and Far East. I agree with Finucane in that the Crusades were probably more motivated by greed for territory and ignorance of another culture than religious reasons. The Muslims were a threat due to their mere occupation of the lands and for no other reason than that, they were persecuted and religion was the guise to carry out the acts. The expansion of the Christians into the Mediterranean Sea and trade in the East was probably considered worth far more than the lives lost fight...

Fascinating Facts About Arctic Bearded Seal

Fascinating Facts About Arctic Bearded Seal The bearded seal (Erignathus barbatus) gets its name from its thick, light-colored whiskers, which resemble a beard. These ice seals live in Arctic waters, often on or near floating ice. Bearded seals are 7-8 feet long and weigh 575-800 pounds. Females are larger than males. Bearded seals have a small head, short snout, and square flippers. Their large body has a dark gray or brown coat that may have dark spots or rings. These seals live on or under the ice. They may even sleep in the water, with their heads at the surface so that they can breathe. When under the ice, they breathe through breathing holes, which they may form by pushing their heads through thin ice. Unlike ringed seals, bearded seals dont seem to maintain their breathing holes for long periods. When bearded seals rest on the ice, they lay near the edge, facing down so that they can quickly escape a predator. Classification Kingdom: AnimaliaPhylum: ChordataClass: MammaliaOrder: CarnivoraFamily: PhocidaeGenus: ErignathusSpecies: Barbatus Habitat and Distribution Bearded seals live in cold, icy regions in the Arctic, Pacific, and Atlantic Oceans. They are solitary animals who haul out on ice floes. They may also be found under the ice, but need to come up to the surface and breathe through breathing holes. They live in areas where the water is less than 650 feet deep. Feeding Bearded seals eat fish (e.g., Arctic cod), cephalopods (octopus), and crustaceans (shrimp and crab), and clams. They hunt near the ocean bottom, using their whiskers (vibrissae) to help find food. Reproduction Female bearded seals are sexually mature at around 5 years, while males become sexually mature at 6-7 years. From March to June, males vocalize. When they vocalize, the males dive in a spiral underwater, releasing bubbles as they go, which creates a circle. They surface in the center of the circle. They make a variety of sounds - trills, ascents, sweeps, and moans. Individual males have unique vocalizations, and some males are very territorial, while others may roam. The sounds are thought to be used to advertise their fitness to potential mates and have only been heard during the breeding season. Mating occurs in spring. Females give birth to a pup about 4 feet long in length and 75 pounds in weight the following spring. The total gestation period is about 11 months. Pups are born with a soft fur called lanugo. This fur is grayish-brown and is shed after about a month. Pups nurse their mothers rich, fatty milk for about 2-4 weeks, and then must fend for themselves. The life span of bearded seals is thought to be about 25-30 years. Conservation and Predators Bearded seals are listed as least concern on the IUCN Red List. Natural predators of bearded seals include polar bears (their main natural predators), killer whales (orcas), walruses and Greenland sharks. Human-caused threats include hunting (by native hunters), pollution, oil exploration and (potentially) oil spills, increased human noise, coastal development, and climate change. These seals use the ice for breeding, molting, and resting, so they are a species thought to be very vulnerable to global warming. In December 2012, two population segments (the Beringia and Okhotsk population segments) were listed under the Endangered Species Act. NOAA said that the listing was due to the likelihood of a significant decrease in sea ice later this century. References and Further Reading Alaska Department of Fish and Game. Bearded Seal. Accessed January 31, 2013.ARKive. Bearded Seal. Accessed January 31, 2013.Berta, A.; Churchill, M. 2012. Erignathus barbatus (Erxleben, 1777). Accessed through: World Register of Marine Species, January 31, 2013.Discovery of Sound in the Sea. Bearded Seal. Accessed January 31, 2013.Kovacs, K. Lowry, L. (IUCN SSC Pinniped Specialist Group) 2008. Erignathus barbatus. In: IUCN 2012. IUCN Red List of Threatened Species. Version 2012.2. Accessed January 31, 2013.NOAA Fisheries: Office of Protected Resources. Bearded Seal Accessed January 31, 2013.

A Cloth Retail Business and Benefits of Ecommerce Case Study - 1

A Cloth Retail Business and Benefits of Ecommerce - Case Study Example As the workload increased so E-Kin had to increase the number of people working in the firm. Maria Winner was employed to handle the customer service and distribution of the products. With time the business took a turn up and grew to make the company to hire a CIO in the form of Cam Crawford, a CFO in the form of Won Dour Trump and a Purchasing Director in the form of Eric Zachary. With the increase in sales of the business and expansion into new products, E-Kin had to increase its reach. The expansion had to be from not only the people who could reach up to their retail outlets or call upon their number and order products but to people who lived miles away and even in other countries. As the pressure from competing for retail firms had started increasing, a step forward into the market had to be made in order to expand their firm and to attract and maintain new costumes for their products. With the advancement in technology and pressure from other competing firms, the only way possible for E-Kin to achieve this goal was to expand their business services into E-commerce. But before that, they had to think up of the positive and negative aspects of doing so because they now are already a well-reputed company who not only has to expand but also has to maintain its brand image. The suggestion by the Sales and Marketing Director of E-Kin that is Ken E. Sellit of taking the business into E-commerce has its own benefits and drawbacks. The potential benefits of using e-commerce to E-Kin can be that E-Kin can expand their potential buyers also known as their product market from their city to the national level and even to the international level with the minimal amount of investment. With e-commerce E-Kin can easily approach more customers without having to open their outlets in new cities, and without employing new and more workers. E-commerce can also help E-Kin to digitalize their company’s information hence reducing the costs of the paper-based information storage system. It is also a common perception that online presence enhances the brand image of a retailer.

Wal-Mart Article Example | Topics and Well Written Essays - 250 words

Wal-Mart - Article Example It also has an incredible team of executives who form its leadership. This has equipped Wal-Mart with management of high caliber. Finally, the Company spends its resources carefully with the aim of maximizing their margins while reducing costs. The company focuses on strategies such as everyday low prices that helped it stay ahead of its competitors. More so, the company’s retailer opened new small stores, which helped it overcome its competitors such as Amazon.com and dollar stores. It faced tough competition from these companies but it managed to make profits. The company has been replacing its discount stores with supercentres. In this supercentres, Wal-Mart added grocery products and other new services to its existing traditional merchandise offerings. The company tried to expand internationally by offering the everyday low prices strategy. More so, it opened more formats and ventured into e-commerce opportunities. The company should reshuffle its top management in United States to head the U.S stores. In addition, the company needs to replace urban stores with Wal-Mart express stores, which will resemble convenience stores. The company had to rely on e-commerce by expanding its online business such as moving into digital books, appliances, music, and groceries. This made it compete with Amazon.com since it took advantage of its physical presence by providing daily pickup for digital or online

The Influence of Coalhouse Walker Essay Example for Free

The Influence of Coalhouse Walker Essay In literature, one character can impact the entire story and all of its characters. Such is the case with Coalhouse Walker Jr. in E.L. Doctrows Ragtime. His characterization provides insight into race relations in turn-of-the-century America. Many characters react strongly to his mannerisms, as they believe his social standing does not allow for such behavior. Because Coalhouse conducts himself with a sense of pride unusual of African Americans at this point in history, his view of how he should be treated repeatedly come into direct contradiction with others. He, then, represents all African Americans who oppose the expectations many whites have of them. Coalhouse Walker is the most essential character in Ragtime, because he deeply affects the plot and all other characters. Coalhouse most deeply influences Mothers Younger Brother, a young fundamentalist with little objective in life. However, when he joins Coalhouses group of revolutionaries, he feels as if his life contains purpose. This concept creates a dramatic, exalted self-awareness. Younger Brother was, at last, part of a community. However, Mothers Younger Brother ultimately meets his death while pledged in such an idealistic battle. He begins a new way of life, based on Coalhouses ideals, and encounters a rebirth of his soul. However, this new way of life conflicts with that of his parents; thus, he finds it necessary to depart from them and live his life independently. This is all under Coalhouses influence and guidance. Coalhouse Walker has a grave impact on Father and Mother. Initially, Mother is shocked that he does not act like other African-Americans, but more like a Caucasian gentleman. Father, stumped by Coalhouses proud behavior, concludes that he is not conscious of his racial inferiority. Mothers feelings towards her husband begin to deteriorate after this conversation. At a later point, when Coalhouse takes over the firehouse, Father, as usual putting business before family, rushes off to New York City, thus, leaving Mother to fall in love with Tateh. In Ragtime, by E.L. Doctrow, Coalhouse Walker Jr. is the most important character, as he ties together the treads of the novel. It is through Coalhouse that the three different societal groups, the immigrants, the  African-Americans, and the WASPs mingle and interact. Coalhouse also undergoes a rebirth, like Younger Brother, although his is much more dramatic and swift than Tatehs. Coalhouse goes from being a fine upstanding gentleman to a quintessential angry black male as he resorts to violence to resolve his feelings toward society.