Research Essay Example | Topics and Well Written Essays - 750 words - 2

Research - Essay Example Business leaders may want to overprice their products in an effort to cover their costs. However it can result in declining sales for businesses. While all business leaders want their businesses to grow, uncontrolled growth of business can lead to failure for an organization. Adverse selection involves a situation where a buyer or seller  of a product or service is unaware of the quality or state of the product or service. This allows them to approximate what they feel is an accurate price. Because of this lack of information sellers are less likely to offer quality goods and services. Managers face a multitude of challenges when they run their businesses. Some of these challenges include pricing techniques and operational problems. If these problems are not managed effectively and /or resolved it could lead to various problems for the organization. Predatory pricing can be defined as â€Å"an anti-competitive measure employed by a dominant company to protect market share from new or existing competitors†. (â€Å"Predatory Pricing†,n.d.) The gradual reduction of the price of a product may indicate predatory pricing. A firm may want to have a monopoly over a certain market so it sells its products at prices below the firm’s costs of production. ... Certain health care systems may engage in predatory pricing with health plans not in their network in order to prevent smaller hospitals from becoming fully fledged competitors. This practice results in a managed care system monopolizing an aspect of health care. In 2011 the United States Department of Justice stated that United Regional Health Care System had participated in predatory pricing practices with certain managed care plans to eliminate Kell West Regional Hospital as competition. â€Å"DOJ (has alleged ) that United Regional’s managed care contracts with non- Blue Cross plans harmed competition by excluding Kell West from the payer’s networks in exchange for increased discounts on all services at United Regional.† (Argue , n.d., para. 2) Other health care providers may engage in predatory pricing in an effort to prevent new competitors from participating in a certain health care market. â€Å"Management information systems (MIS) are a set of procedure s to collect important business information for making management decisions.† (Vitez, 2012, para 1) While technology has made the implementation of MIS simpler there are still some disadvantages. Management personnel may spend a great deal of time designing, reviewing, implementing and controlling the MIS. This can result in the hindrance of the decision making process of managers. This poses challenges to MIS theorists since some MIS tend to not be adaptable.† (Nowduri , 2007,p.8) Company leaders may not be able to effectively perform their duties if too much time is spent focusing on MIS. It can also be a very complicated system.MIS processes may be disruptive to business operations if the system accumulates an overabundance of information that is irrelevant

Self Concept Essay Example | Topics and Well Written Essays - 750 words

Self Concept - Essay Example It helps the child in building a good relation with his family and fellows around. So it could be said that it is a mental understanding or the knowledge of one's own existence and personality. Few physical and social attributes affect the personality of a person along with the social attributes. These attributes affect the attitude, habits and thinking of a person. During a lifetime, as a child the self-concepts are not so visible and they can get change as well with the passage of time. But as he grows older the self-concept becomes more incorporated and his psychology and social life becomes clearer and he can be judged better on the base of his attitude and habits and more psychological attributes. The self-concept of a person can be influenced by the sense of identity and other features, which affect the self-concept of a person, are the opinions that are being shared by the other people around, that what they think actually about us. The other things, which affect the self-concept, is the comparisons and similarities which are there between us and the other people around us. How much are we similar to them or how much are we different from them. Gergen (1965) showed in his study that the self-concept is affected by the reaction of other people and people cannot talk honestly about themselves. He conducted an interview with few people and he came to know that people cannot talk about themselves and what they talk usually reflect the views which people posses about them. And very few people rated themselves accurately, most of them rated themselves according to the perceptions of their friends and families. Here, we can look at the Ekman's six universal emotions, which are same all over the world and people from different regions posses, these emotions in the same way. The emotions are happiness sorrow anger disgust surprise As we look at the above listed events, these are the events, which lead people to shape their self-concept. In happiness, a person is sometimes out-of-control and it affects the normal mindset of the person. So at that time the person react in a way, which helps him understand that what do he or she actually wants to do and they do it without any boundary. The other situation is the state of sorrow, where a person can loose the hope and can go for anything, which he or she cannot think of doing in any normal circumstances. This event gives a real opportunity to a person to judge his self-concept and to get a clear vision of his weakness and strengths as well. The other event is the anger - which is an important event. If a person is able to control his anger, he can easily do anything in the world. Controlling anger is important because during this state of mind, a person can do anything reversible and it is an important event to judge someone's self-esteem and self-concept. Fourth event is the disgust; a stable mind is needed to cope in this state. This event is also an important event and it helps in getting knowledge about the one's own positive and negative points. The fifth and last event is the surprise. Surprise can be positive as well as the negative. The reaction of a person towards the surprise, whether a positive

Clinical laboratory science Scholarship Essay Example | Topics and Well Written Essays - 250 words

Clinical laboratory science - Scholarship Essay Example King’s’ mission of preparing graduates intellectually, morally and spiritually for a satisfying future life particularly interests me. My interest in the field of Clinical Laboratory Science started way back in my childhood and is significantly inspired by the family background with parents in the medical field. As a small child I began admiring the work done by my parents of assisting patients and ensuring they lead a quality life. This made me to work hard in school so to attain grades that would enable get a college opportunity to further my studies in the area. The nationwide deficiency of professionals in the area of Clinical Laboratory Science has also contributed significantly as I feel by graduating in the field I will be able to positively impact by helping in the process of saving lives which will give me great satisfaction. I therefore want to be part of the solution and not the problem thus believes as a professional CLS will be better placed to serve and positively influence humanity. I strongly believe in the power of knowledge in transforming society and hence participate actively in extracurricular activities such as club clubs, academic forums and games in which I believe lies opportunity for information exchange. I also participate with the intention of growing holistically and maintaining personal health both physically, mentally and psychologically which I believe is very important to my life especially as a student. I will therefore utilize all available facilities on the campus to enrich my graduate experience and emerge as a responsible person in the

Frustration Essay Example | Topics and Well Written Essays - 1250 words

Frustration - Essay Example The discussion in this paper is intended to be inclined to the case AS v Wijsmuller BV (The Super Servant Two), [1989] EWCA Civ 6, [1990]. The doctrine of Frustration under the contract law intends to reveal a number of propositions contextualized in the case AS v Wijsmuller BV. Some of these propositions include evolving to ease the rigor of the common law’s avowal on factual performance of unlimited promises, outcome of frustration to end the contract and an event must occur without a liability on the side of the party seeking to depend on it2. The Purpose of this paper is to analyze the statement â€Å"Since the consequence of frustration is to eradicate the contract and eject the parties from supplementary burden under it, the doctrine is not to be unconscientiously invoked, but must be kept inside much contracted limits and ought not to be unmitigated†. The discussion in this paper is intended to be inclined to the case AS v Wijsmuller BV The doctrine of frustratio n exhibits complexity when determining the cases in this context3. Some of the examples of frustration include destruction of the specific object, which is fundamental for execution of the contract, personal incapability, and non-occurrence of a particular event, state interference, delay and supervening illegality4. For the case of the AS v Wijsmuller BV (The Super Servant Two), [1989] EWCA Civ 6, [1990], the aspect of frustration is inclined to personal incapability, destruction of the specific object and supervening an illegality5. This case remains one of the landmark rulings in the history of contract law practice. The aspect of liability when considering the frustration doctrine creates a concern of narrow limits because of numerous reasons. For instance, the express provision for frustration is limited to the scope of not superseding over the express contractual provision for the exasperating occurrence. In fact, it becomes difficult to ascertain the extent of a frustrating e vent, particularly when its occurrence is inclined to the self-inducement and foreseeability of the event6. In essence, the narrow limits of the frustrating events should be a fundamental consideration in the endeavor to minimize the extent of frustration effects. This study reveals that the effects of contract frustration can only remain relevant if the doctrine is applicable. The aspect of causation forms the epicenter of argument in this case. It is notable that, the contract undergoes frustration when Wijsmuller submitted a fortnight later that, the contact could not be performed. The question of causation is evident and any judge would consider a case in which a seller is in a position to aver the defense of a clause, which defends him in situations where fulfillment is stalled by the exempt threat7. The consequent delivery of his accessible stock to other clientele will not be considered as autonomous cause of inadequacy, as long as when making such delivery the seller acted i n a reasonable manner in all situations of the case. This consideration should be kept within narrow limits to avoid unwarranted liability. Considering that, Dan King contract had been accorded carriage by Super Servant Two without a substitute and in the event that, the vessel had been lost before the time of carriage, then with ultimate assumption of non- negligence by Wijsmuller, it is probable that, the con

Road rage Essay Example | Topics and Well Written Essays - 750 words

Road rage - Essay Example An important piece of information regarding this survey is that the incidence of these kinds of cases rose significantly every year, over the whole period of the survey (Mizell, 1996). The roots of the term road rage are found to be in the modern news media rather than a verified research. Hence, the term is well known due to its repeated usage in communication, and not because of any scientific authenticity. It is widely used to refer to all kinds of violent acts on the road, due to its ability to attract a greater news audience (Roberts & Indermaur, 2005). Whether a driver or any other particular person is targeted or not, any kind of irrational behavior on the road is regarded as road rage. This term is attributed to crimes as small as violating traffic signals to as serious as killing a person. Hence, it is certainly safe to say that road rage is a â€Å"catch all expression for any calamity on concrete† (Bowles & Overberg, 1999). Violent acts on the road have a notable effect on both, the public attitude as well as the safety level of the roads, leading to serious consequences. For instance, due to the harmful effects of road rage, people regard it as a critical problem. This view can dissuade from using roads as a means of transportation. Furthermore, it may also lead to the abandonment of the environmentally healthy means of travel, cycling (Inquiry into Violence associated with Motor Vehicle Use by the Drugs and Crime Prevention Committee, 2005). In addition to the effects on driving, frustration on the road may also lead to a similar violent attitude in other parts of life, such as at home. There is definitive evidence to prove this theory. Hence, a potent resolution of the problem of road frustration may very well have a positive effect on attitudes, also in settings other than the road (Galovski & Blanchard, 2004). Moreover, it may also decrease the deaths and injuries resulting from traffic

Market structure of Oligopoly Assignment Example | Topics and Well Written Essays - 500 words

Market structure of Oligopoly - Assignment Example Ford’s supply chain also involves a complex pattern including the manufacturing, accessorizing and assembly lines apart from the distribution channel (Ford Motor Company, 2013). The application of game theory for pricing strategy in the automotive industry is quite significant. In this regard, the Nash equilibrium has a vital role in depicting the pricing strategy of the automotive industry. In Nash equilibrium concept, there are two players mainly column and row, where each player is aware of the equilibrium strategies of the other player. In such equilibrium situation, both the players must change their strategies simultaneously assuming that the change of the strategy by one player will not deliver positive results to the other. This is applied in the automotive industry where pricing can only be developed or changed effectively when all the players agree on the same proposal (Myerson, 2013). The hypothetical profit matrix below will provide a clearer idea to the concept. As illustrated in the above hypothetical profit matrix, when player 1 tends to adopt strategy A and fix the per product price to 5 units, player 2 also compromises its profit margin by pricing 5 units per product and vice-versa. Again, when player 1 decides to fix its price per unit to 4, player 2 decides to lower its price to 1 and vice-versa, which imposes a strong impact on the profit margin of both the companies. This depicts that in Nash equilibrium situation, the strategies adopted by one player are known to the other player who accordingly makes changes in pricing strategy; thus, leading to a change in the profit margin (Myerson, 2013). Since there are several firms in the market to sell similar sort of products, low price strategy or high price strategy cannot be implemented for competition in the long run. Therefore, at most of the instances, Ford, being a major player in the oligopolistic market structure, emphasizes

What Is Obama Care Essay Example for Free

What Is Obama Care Essay Obama Care (also known as Health Care reform) is a national health care plan aimed at reforming the American health care system. Obama Cares main focus is on providing more Americans with access to affordable health care, regulating the health insurance industry and reducing spending in health care. There are around 44 million Americans who currently are unable to get health insurance. One of the major things Obama Care does is help these individuals to get health insurance through expanding Medicaid and Medicare and offering assistance to Americans who cannot currently afford healthcare. Obama Care helps to ensure that health care coverage is available to any legal U. S. resident who cannot otherwise obtain quality healthcare through their employer. Your access to health care is no longer in the hands of health insurance companies. The first phase of Obamas health care reform began in 2009 with the Affordable Health Care for America Act and was followed by The Patient Protection Act. Which culminated into the Patient Protection and Affordable Care Act 2010, or for short â€Å"Affordable Care Act†? After going through several changes the Affordable Care Act was signed into law by President Barack Obama on March 23, 2010. Since Obama Care was upheld in the Supreme Court and Barack Obama was sworn into office for a second term Obama Care health care reform is now the law of the land (abet with some major changes made in the Supreme Court ruling). Many reforms have already gone into effect and many more will roll out over the next decade. Obamas healthcare reform is focused on health care funding, reducing the cost of healthcare for Americans, increasing coverage and removing the burden that health care has become on the average American. In the years since its become a law the Affordable Health Care Act, has already made a big difference in our country. Obama Care has done some important thins already such as prohibiting insurance companies from dropping your coverage if you get sick and has been chipping away at discrimination against anyone with a pre-existing condition. No system is perfect, but Obama Care Health Care Reform aims to reform the American medical system towards the favor of the people and away from the monopoly of the medical industry. Obama Care aims to provide complete and comprehensive medical coverage for Americans. Obamas health care reform under the Affordable Care Act is the most significant overhaul to health care industry in decades, covering every aspect of healthcare including mental health, care for seniors, child health, womans health and our nations poorest. Obama Care also provides drug coverage and free preventive care and checkups for children and countless other unprecedented reforms to the American health care system.