Essay Samples on Evaluating Online Sources If It Passes to Be Used as a Res Tips

Essay Samples on Evaluating Online Sources If It Passes to Be Used as a Res Tips The War Against Essay Samples on Evaluating Online Sources If It Passes to Be Used as a Res You did, actually, utilize this as a source. Finally, your credibility as the writer depends on the sources you use. Very few older sources are added. In that case, locate these sources for more info on your topic. In the next essay, I'll present some criteria to rate the credibility and trustworthiness of the materials whom I have taken from three web pages concerning this topic. In the event the item in question doesn't meet this criteria, you should review enough sources to acquire an assortment of viewpoints. Evaluate whether the validity and dependability are acceptable for the person who you will test. 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The Tows Matrix Swot Analysis - 942 Words

The tows matrix explains what the SWOT of Nike today. In this graph of SWOT matrix, we would like to explore what is possible for us to do in dealing with those elements in the business, externally and internally. Simply said, external comes from opportunities and threats, while internal comes from strengths and weaknesses of Nike. Corporate and Business Strategies Corporate strategy is the overall scope and direction of an organization. It indicates how managers are adding value to the business and addressing main topics like product diversity, geographical coverage and owner expectations. It is important that decision-makers are very specific about any of their strategy, since it forms the basis for all other decision making. As a corporate strategy, Nike’s mission is to bring inspiration and innovation to every athlete in the world. Nikes long-term financial goal/model is to motivate the company. They are mainly concerned about the sustainable, profitable growth and strong cash flow, and they both performed well on the balance sheet. Nike has four subsidiaries in Cole Haan, Converse, Umbro and Hurley. Nike is worth emphasizing that growing partnerships with retailers to create more customer experience of different groups to promote the idea category in major markets. Nike s wholesale business model has also been sustained as a major driver of long-term growth, despite the 2015 Nike retailers will continue to contribute to the total business of more than 80%.The prosShow MoreRelatedSignha Beer: Boon Rawd Brewery. Thai Beer Industry with Five-forces and SWOT Analysis, TOWS Matrix, Perceptual Map, Positioning.1048 Words   |  5 Pages 1. 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May Want To Regulate Natural Monopolies †Myassignmemthelp.Com

Question: Explain On May Want To Regulate Natural Monopolies? Answer: Introduction In every economy, natural monopolies play a significant role. Primarily, a monopoly refers to a market in which when only one firm operates and dominates an entire industry (Beggs, 2016). On the other hand, a natural monopoly is a specific type of monopoly that arises when a single find firm dominates the market due to extremely high startup capital and fixed costs associated with Operations in the market. Mainly, natural monopolies exists where there are high fixed costs of production and distribution, thereby necessitating economies of scale. A perfect example of a natural monopoly is the electricity company. It is characterized by high costs of infrastructure in terms of grids and cables for electricity supply. Thus, the efficient number of firms in the industry is one. It is noteworthy that a natural monopoly market differs from a perfect competition in terms of competition, entry and exit requirements, and number of sellers. In a perfect competition, there is free entry and exit of firms while there are high barriers to entry in natural monopoly markets. There is also no form of competition in natural monopolies whereas there is high competition in perfect competition markets. Thus, the structure of natural monopolies provides room for consumer exploitation and governments may want to regulate monopolies to ensure that they produce high quality, fair priced goods at efficient levels. Analysis Reasons for Regulation High Monopoly Market Power One of the major reasons as to why the government may seek to regulate natural monopolies is due to their market structure. As such, the market structure of a natural monopoly necessitates that various measures must be initiated to control firms from exploiting their customers. In a nutshell, a natural monopoly operates as the sole producer of a given product (Arkani, 2010). The firm is also a price maker. Usually, firms limit the quantity they produce in order to push their prices upwards. Furthermore, the market is also characterized by high barriers to entry into the market caused by high capital requirements (Monopoly, n.d.). There are also high legal barriers in the market. For this reason, the firm has a high market power and influences the market. Therefore, the government may step in to limit the market power of natural monopolies to ensure that they do not exploit their customers. Control Price Level As noted earlier, natural monopolies do not face any form of competition in their market. Therefore, they possess a high market power, and are able to control the quantity of goods. In turn, they have the power to set their own prices. In most cases, natural monopolies abuse their market power and set high prices for their goods and services, higher than the price they would have charged if the firm operated in a competitive market structure (Welker, n.d.). For this reason, governments may want to regulate them in order to preserve consumer welfare. According to economic theory, monopolies set their prices at a point that maximizes their profits. Normally, firms manufacture goods at the point where their marginal costs of production equals the marginal revenue. However, they charge the price determined by the demand curve. For this reason, the price they charge is usually high than the marginal cost of production. Consequently, this allows them to obtain high profits at the disadvantage of their consumers welfare. Monopoly Pricing Technique From the graphs above, the MC curve intersects with MR curve at point a (Pettinger, 2012). However, instead of setting its price at this point, the firm locates the demand curve for the product, thereby setting its price from point b (Pettinger, 2012). At this pricing, the price is higher than the Average total costs incurred in the production of the good. Thus, the monopoly makes a profit equal to Pm-ATC (Pettinger, 2012). In contrast, a firm operating in a competitive market sets its prices at the point where the demand and supply curve intersect. Thus, unlike natural monopoly, the price is optimal and there is no deadweight loss associated with its pricing. Therefore, in this regard, the natural monopoly makes supernormal profits and reduces the welfare of consumers. Thus, the government may find it necessary to step in and regulate the pricing level. Enhance Firms Efficiency n addition, governments regulate natural monopolies in order to enhance their level of efficiency. It is worth noting that monopoly firms are associated with various forms of inefficiencies. As noted earlier, natural monopolies do not experience any form of competition. The weakened market forces guarantees that consumers lack other alternatives from which to purchase the product or service (Beggs, 2017). Thus, the firm does not worry about the possibilities of losing customers due to their poor quality goods or services. For this reason, they lack the incentive to improve their level of innovativeness to improve the quality of their commodities. Subsequently, it translates to wastefulness production of goods and services. Therefore, in this case, the government seeks to protect consumers against poor quality services and products by setting and regulating quality standards. Furthermore, natural monopolies also lead to inefficiencies as they reduce the level of producer and consumer surplus (Beggs, 2017). When compared to the competition market structure, the total surplus associated with the monopolistic firms is smaller. Mainly, this can attributed to the fact that monopolies tend to limit the quantity of goods and services they produce in order to influence prices to move upwards. Thus, a reduction in quantity and an increase in price of the product shrink the consumer as well as the producer surplus. In this regard, the management opts to regulate monopolies in order to raise the total surplus to the society. Methods for Regulation Given the reasons above, it is important for the government to regulate the conduct of natural monopolies within its economy. Mainly, regulation can take the form of price ceilings, average cost pricing, rate of return regulation and the formulation of regulatory bodies to oversee and control the conduct of monopolies within the country (Beggs, 2015). Fair Rate of Return Policies First, government may employ rate of return policies to control natural monopolies in the country. Primarily, this technique involves the government setting a particular percentage net profit that a company must not exceed. Usually, it takes into consideration the size of the firm and determines a reasonable level of profit from its initial capital. Therefore, in order to ensure compliance, a firm must ensure that its percent net profit is lower that the set threshold. Thus, the firms rate of return on the invested capital is kept below the maximum rate set by the policy. Consequently, this ensures that firms set their prices at a point that ensures its rate of return on initial investment is low. In turn, the prices are set at low levels to ensure compliance. It is noteworthy that this measure ensures that consumers of that given product are protected from increases in the price of that particular product. Price Caps and Ceilings Notably, this is one of the major forms of regulation that the government can put in place to regulate monopolies. In a nutshell, price ceilings pertain to the setting of a maximum price that a firm can charge for its goods and services (Beggs, 2015). It is strategy that states that a particular product cannot be sold for above a specified price (Beggs, 2015). Thus, firms cannot set a higher price than the one designated by the government. This way, the government is able to limit the prices charged by firms for their products, thereby protecting them from exploitation by natural monopolies. Price Ceiling Regulation Source: (Osborne, 1997). Suppose the government sets a price ceiling for the monopolys product at Pr. Under normal circumstances, the firm would set its price at the point Pm. However, due to the proposed ceiling, the firm is forced to reduce its price down to Pr (Osborne, 1997). Therefore, the government is able to spare consumers an amount equal to Pm-Pr through the price cap. Indeed, this form of regulation allows the government to regulate firms and improve consumer welfare. Government Regulatory Bodies The government may also use regulatory bodies to regulate natural monopolies in the economy. Fundamentally, these bodies are created to examine the quality of products produced by natural monopolies (The Conversation, 2012). The qualities of the products produced are compared to a set of quality standards to ensure that consumers purchase quality goods and services. In addition, these bodies regulate the price level of services and commodities manufactured by natural monopolies within the country. This way, they are able to limit firms from charging consumers exorbitant prices. Apart from assessing quality and controlling pricing levels, regulatory bodies also investigate cases when monopolies are suspected to practice predatory pricing and price fixations (The Conversation, 2012). In the event that a firm is found guilty, the regulatory body takes strict actions and measures against it. As a result, natural monopolies are discouraged from practicing hostile production and market practices (The Conversation, 2012). What is more, these mechanisms guarantee consumer protection and welfare. It also ensures an increase in the efficiency of firms. Average Cost Pricing Policies It is imperative to note that the government may also initiate policies that require natural monopolies to set their prices equal to their average cost of production. By and large, this policy involves setting its price level equal to or below the cost of manufacturing the product. In most cases, natural monopolies maximize their profits by setting price at the point where the marginal cost curve intersects with the demand curve for the product (Reed and LaFaive, 1997). As a result, firms make excessive profits at the expense of the consumer. However, when this policy is implemented, natural monopolies will be forced to trim their prices to equal the cost of production (Reed and LaFaive, 1997). The policy guarantees that the price charged by firms does not exploit their customers. Besides that, it ensures that firms operate at efficient levels to achieve profits. Marginal Cost Pricing Rules Just like average cost pricing rules, the government may use marginal cost rules to regulate natural monopolies. Basically, this policy requires that natural monopolies set their prices equal to the marginal cost incurred in producing their product (Reed and LaFaive, 1997). In turn, it ensures that monopolies do not charge excessive prices for their commodities. In addition, it guarantees that monopolies do not make surplus profit at the disadvantage of the consumer. Example of Regulation of Monopolies in Australia In Australia, the government has set various bodies to act as a watchdog and control the conduct of natural monopolies within the economy. The Energy Regulatory Commission (ERA), for instance, has the mandate to oversee and regulate the price of electricity in the country. As a result, the price of electricity in the country remains affordable to the people of Australia. Conclusion Therefore, everything taken into consideration, it is important for the government to set up measures that ensure the regulation of monopolies in the country. By and large, natural monopolies operate as the sole producer of a particular good or service. As a result, they face no form of competition in the market of their goods and services. This creates a platform for monopolies to exploit their customers through offering poor quality products or high prices. They also lack the incentive to operate under efficient conditions. For this reason, the government is tasked with the responsibility of regulating natural monopolies to ensure they offer fair prices, produce quality goods and services, and operate under efficient conditions. In order to achieve these goals, the government may set up various measures and mechanisms among them average cost pricing measures, rate of return policies, price ceilings, and monopoly regulatory bodies. Consequently, the successful implementation of thes e measures will ensure that the government controls the pricing, quality and efficiency of natural monopolies in the country. References Arkani, G. (2010). Monopoly marketing structure- meaning, features and types. Kaylan City Life. Retrieved on 28 Aug 2017, from https://kalyan-city.blogspot.co.ke/2010/11/monopoly-market-structure-meaning.html Beggs, J. (2015). Natural monopoly. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/natural-monopoly-overview-1147782 Beggs, J. (2016). What Is a Monopoly?. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/what-is-a-monopoly-1147778 Beggs, J. (2016). What You Need to Know About Monopolies and Monopoly Power. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/overview-of-monopolies-1146257 Beggs, J. (2017). The Economic Inefficiency of Monopoly. ThoughtCo. Retrieved on 28 Aug 2017, from https://www.thoughtco.com/the-economic-inefficiency-of-monopoly-1147784 Deregulation is crucial for lowering Australias electricity costs (2012). The Conversation. Retrieved on 28 Aug 2017, from https://theconversation.com/deregulation-is-crucial-for-lowering-australias-electricity-costs-10625 Monopoly (2012). Economics Online. Retrieved on 28 Aug 2017, from https://www.economicsonline.co.uk/Business_economics/Monopoly.html Natural monopolies are conducive to industries where the largest supplier derives cost advantages and must be regulated to minimize risks. Boundless. Retrieved on 28 Aug 2017, from https://www.boundless.com/economics/textbooks/boundless-economics-textbook/monopoly-11/monopoly-in-public-policy-74/regulation-of-natural-monopoly-279-12376/ Orsborne, J. M. (1997). Policies to control a monopoly. University of Toronto. Retrieved on 28 Aug 2017, from https://www.economics.utoronto.ca/osborne/2x3/tutorial/MONCON.HTM Pettinger, T. (2012). Natural Monopoly. Economics Help. Retrieved on 28 Aug 2017, from https://www.economicshelp.org/blog/glossary/natural-monopoly/ Pettinger, T. Regulation of monopoly.Economics Help. Retrieved on 28 Aug 2017, from https://www.economicshelp.org/microessays/markets/regulation-monopoly/ Reed, L. and LaiFaive, M. (1997). Natural Monopoly and the need for Government Regulation. Economics Classroom. Retrieved on 28 Aug 2017, from https://econclassroom.com/?p=3115 Welker, J. Natural Monopoly and the need for Government Regulation. Economics Classroom. Retrieved on 28 Aug 2017, from https://econclassroom.com/?p=3115

Paddy Clarke Essays - Paddy Clarke Ha Ha Ha, Roddy Doyle, Literature

Paddy Clarke 'Paddy Clarke, Ha Ha Ha' has no authorial presence at all. Yet the reader gains a richer understanding of Paddy's situation than he, or any ten year old child, could ever have. How does Roddy Doyle achieve this with regard to Paddy's parent's break up? One of the first and most relevant passages in the book is when Patrick wakes up and hears the television and from that knows that his parents are still awake. He stays on the stairs and listens to 'Ma' and 'Da' arguing in the kitchen. We can tell that he doesn't want to believe that there is any serious trouble by the fact that as soon as it stops he 'realises' that it wasn't anything to worry about and goes back to bed. Another event leading up to Paddy's parent's break up is when Ma decides that it is time they went out for a family outing. However, as it was raining they had to take the car and drive to a place that was close enough to walk but the weather wouldn't allow them to. The family has a picnic in the car but, oblivious to Paddy and his brother, his parents are having another disagreement. Patrick hears his mother say something but think that his father hears her. He doesn't realise that 'Da' is ignoring her. When 'Ma' leaves the car Paddy and his brother assume that she has gone for ice creams but she gets back in because "It was too wet for Cathy". Patrick knows that something had happened but didn't know what. On several occasions the subject is changed to avoid the children being subjected to the tension between 'Ma' and 'Da'. In one instance Paddy walks in from school and into an argument. This makes him more aware of the problems, his father then asks him about school to change the conversation. From this passage I have noticed that Patrick seems to view things as black and white, not in the literal sense but as straight forward and short term. He doesn't realise that things go deeper or that he has a false sense of control. Another of the most important pieces of this book is when Paddy is sitting on the stairs listening to his parents arguing and he is rocking back and forth. This shows that the tension between his parents is affecting him more than anyone thinks. The 'rocking' action can be described as tension deficit, which can be caused by loneliness or attention seeking. In Roddy Doyle's novel, Paddy Clarke Ha Ha Ha, young Patrick is so distressed over his parents' fighting with each other that he stays up all night trying to prevent their quarrels. Like many children whose parents break up, Patrick thinks he is somehow responsible, but he does not understand what is going wrong or why. He loves both of them, especially his mother. He acts out his anxiety over the discord between his parents by often getting into fights and by being mean and abusive to his younger brother. For awhile he thinks that if he were to run away, his parents would stay together. He thinks of questions to ask them so they will talk to him and not fight with each other. But his father leaves for good, and Paddy is left with the teasing chant of his schoolmates: "Paddy Clarke, Paddy Clarke, Lost his Da, Ha, Ha, Ha."