Business law Research Paper Example | Topics and Well Written Essays - 1500 words

Business law - Research Paper Example There are tones of organizations turning to the arbitration processes whereby majority are avoiding courts and preferring to solve disputes through an arbitrator. Preference of this method of solving legal disputes has left numerous concerns as to whether all these parties are all for it. This is the basis for the choice for the articles below on arbitration, in order to evaluate the process keenly to eliminate any uncertainties pertaining to it as well as provide a scrutiny of what the legal system requires to do so as to enforce arbitration processes and close loop holes that are manifesting in the mechanism and utilize it properly since despite many encumbrances facing it, it is a cost effective procedure that can be very popular among contracting parties. â€Å"Forced Arbitration: Corporations Opting Out of Justice and Fairness† and â€Å"Delaware Rapid Arbitration Act to Take Effect in May 2015† are two articles of my choice that will help me scrutinize the process of arbitration and the reasons why organizations are preferring this method of dispute resolution. The scrutiny of these articles will enable me understand arbitration especially that which touches on business organizations and its ability to provide justice to the aggrieved parties. This study will also help identify strengths and areas of improvement in the process in the legal system concerning Arbitration. â€Å"Forced Arbitration: Corporations Opting Out of Justice and Fairness† article contends that the contractual agreements giving permission to allow arbitration as a means of resolving conflicts. This contractual agreement is present in many businesses and individuals sign without the knowledge that they have embedded their signature to permit such a process. This is the reason why the article calls the process as a forced arbitration because majority of participant are unaware of

The elasticity of demand Essay Example | Topics and Well Written Essays - 1500 words

The elasticity of demand - Essay Example This research will begin with the statement that the sensitivity of demand of a product with respect to changes in its own price is identified as the own price elasticity of demand. To state this alternatively, own price elasticity of demand is defined as the percentage change in demand per percentage change in the price of the product, other things remaining the same. Therefore, the own price elasticity of demand is expressed as the ratio of percentage change in demand and the percentage change in the price of the good in question. So, own price elasticity of demand for the good X with a per unit price PX shall be given by the expression: EPx = (percentage change in quantity demanded of X)/ (percentage change in PX). This can be calculated as either at a movement from a point on the demand curve to another, which is known as arc elasticity or as the limiting value of arc elasticity known as point elasticity of demand. However for changes assumed to be infinitesimally small, so that the movement is not perceptible and it is as if the consumer stays on the same point on the demand curve almost, we use the limiting value of arc elasticity of demand, known as point elasticity of demand. Since for all normal goods quantity demanded varies inversely with price, own price elasticity is always negative, though the extent to which demand varies inversely is not the same for all goods.

Business plan for the Proposed AfroCare Restaurant in Allerton, Essay

Business plan for the Proposed AfroCare Restaurant in Allerton, Liverpool - Essay Example The researcher states that the name of the proposed Afro-Caribbean Restaurant shall be AfroCare Restaurant. It will be based in the Allerton borough approximately 4.8 kilometres from the city centre of Liverpool. AfroCare Restaurant will specialize in the preparation of Afro-Caribbean dishes including breakfast, lunch and dinner. Ideally, this business envisions a large market with mixed customer base incorporating mainly the British Afro-Caribbean community residing in the suburbs of Liverpool and its environs including the Hunt Cross and Calderstones Park. On the other hand AfroCare Restaurant will also incorporate a wide range of fast foods and customized drinks at affordable prices suitable for the vast majority of college students living around Allerton. While the business is set to roll out by the end of this year 2012, it looks forward to capture a market share of about 60% by the close of Year 1. The projection is based on the fact that there are no restaurants in Allerton wh ich have specialized in Afro-Caribbean dishes. However, it is prominently argued that the few that prepare Afro-Caribbean foods have recorded remarkable increase in customers and thus an improved attributable revenue performance. In terms of capacity, AfroCare Restaurant will be established in a spacious facility along the Allerton Road with an optimal sitting capacity of 200 heads. At full occupancy, the restaurant projects sales revenue of about  £9,000 per day. ?9,000 per day. This translates to an AfroCare annual return of ?3.24 million. If the business therefore realizes at least 60% customer base, it will manage an annual revenue performance of ?1,944,000 at the end of Year 1. To that end, the proponent of this venture has set aside a starting capital of ?300,000 with an estimated reinvestment rate of 10% on the cost of capital (Taylor and Brown, 2003). Thus, AfroCare Restaurant envisions the attainment of a full capacity by the second quarter of Year 2. The business and its Management Proper management is one of the core elements of every business especially when competition as a factor to consider. Guided by a realistic vision and SMART objective, the management of any enterprise defines the overall stricter and operational dynamics of the business as reiterated by (Toren and Adam, 2011). AfroCare Restaurant will basically be a sole proprietorship company with limited liability. As such, the manger will reserve exclusive authority of the operations of the business while taking into account the possibility of outsourced expertise in Food and Beverage Management in line with common practice in the modern world (Boone and Kurtz, D. (2010). With that in mind, AfroCare Restaurant endeavours to set an exceptional and unmatched standard in the provision of Afro-Caribbean dishes beyond the expectations of our customers. Therefore, its operations and service delivery shall always be inclined toward achieving the following vision and objectives. Vision Primari ly, a vision refers to the main goal that an organization seeks to achieve over a predetermined period of time. Whereas the vision governs the operational efforts of an enterprise, it keeps the business in focus at all times as postulated by (Liebig, 1994; Walters, 2011) The vision of AfroCare Restaurant is to be the best service provider of Afro-Caribbean foods across Liverpool and beyond. Mission According to Shane (2003), a mission refers to the basic philosophy on which the daily activities of an organization are

marketing :: essays research papers

1.  Ã‚  Ã‚  Ã‚  Ã‚  The product life cycle is essential when a firm is a managing a product. While a product is in the introductory phase of its life cycle the customer is going through a learning process. Firms must consider this learning process when determining how much to spend on marketing strategies, the firm must understand that it will spend a lot of money to make the customer aware of their product and they wont see a lot of sales. During the growth phase of the life cycle the firm will see fast growth which will lead to profits or they will break even. The firm will also see declining expenditures so to properly manage their product they should concentrate more on building and holding customers rather than focusing on innovators and early adopters. At the beginning of the maturity phase sale will increase but slower because the market becomes saturated so the firm must work harder to maintain customers to keep profits from declining rapidly. Firms should focus on custome r loyalty and try to increase usage by each user. When a product begins to decline a firm could either move the product to a new market in a different country or they could leave the product in the same market but not spend money on marketing the product and focus more on other products they could market. 2.  Ã‚  Ã‚  Ã‚  Ã‚  Attending a sporting event is a service, by attending you are being provided with entertainment which is a form of a service. a. A sporting event is intangible you are receiving the entertainment which cannot be physically touched or compared to another product easily, you must compare the product by comparing to it another experience you had or someone else told you about. A sporting event is inseparable, we can see this by looking at the three aspects of inseparability. First the service providers involvement clearly the service provider is present in that the players are physically playing in front of you. Second the customers are directly involved in the service experience, just take the Detroit vs. Indiana basketball game where players and fans were involved in a fist fight in Detroit. Although this may have been a bad experience for the fans it shows just how involved fans are with sporting event. Third other customers are involved with your experience, like the drunk at the game who is cheering for the other team.

Environmental Scan Paper Essay

The business environment of an organization reveals much about its competitiveness and the possible influences on the success of its strategies. The focus of this paper will be an environmental scan of the internal and external environments of two real-world firms, their competitive advantages and company strategies for creating value and sustaining competitiveness, measurement guidelines for verifying strategic effectiveness and their evaluation. Internal and External Environments Environmental scanning of the internal organizational environment focuses on company culture, employee-employee, manager-employee, and manager-manager, manager-shareholder interactions, in addition to organizational structure, natural resources’ access and brand awareness, among others (Schneider, 1995, p.70). Environmental scanning of the external organizational environment focuses on the analysis of the industry/immediate environment, national, and macro-environments. Analysis of the industry environment appraises the competitive Environmental Scan Paper

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Definition and Examples of Organization in Composition

In composition  and speech, the organization is the arrangement of ideas, incidents, evidence, or details in a perceptible order in a paragraph,  essay, or speech.  It is also known as the elements  arrangement  or  dispositio,  as in  classical rhetoric.  It was defined by  Aristotle in Metaphysics  as  the order of that which has parts, either according to place or  potentia  or form. As Diana Hacker wrote in Rules for Writers, Although paragraphs (and indeed whole essays) may be patterned in any number of ways, certain patterns of organization occur frequently, either alone or in combination: examples and illustrations, narration, description, process, comparison and contrast, analogy, cause and effect, classification and division, and definition. There is nothing particularly magical about these patterns (sometimes called methods of development). They simply reflect some of the ways in which we think.  (Diana Hacker, with Nancy I. Sommers, Thomas Robert Jehn, and Jane Rosenzweig, Rules for Writers with 2009 MLA and 2010 APA Updates, Bedford/St. Martins, 2009) Choosing a Format Basically, the goal is to choose an organizational method  that enables your report, essay, presentation, or article to clearly convey your information and message to your audience. Your topic and message will dictate that. Are you trying to persuade, report findings, describe something, compare and contrast two things, instruct, or tell someones story? Figure out the thesis statement or message you want to get across—boil it down in one sentence if you can—and  what you aim to do will help you to choose your essays structure. If youre writing instructional text, youll want to go in chronological order. If youre reporting findings of an experiment or your conclusions after analyzing a text, youll start with your thesis statement and then support your ideas with evidence, explaining how you came to your conclusion. If youre telling someones story, you may have a chronological organization for much of the piece, but not necessarily right at the introduction. If youre writing a news story for a publication, you may need to work in reverse-pyramid style, which puts the most immediate information up top, giving people the gist of the story even if they read only one or two paragraphs. Theyll get more detail the further into the story they read. Outlines Even if you just sketch a rough outline on scratch paper with a topic list and arrows, making it will help the drafting of the paper go more smoothly. Putting a plan in place can also save you time later because youll be able to rearrange things even before you start writing. Having an outline doesnt mean things wont change as you go, but just having one can help ground you and give you a place to start. Dwight Macdonald wrote in The New York Times, [T]he  great basic principle of organization:  put everything on the same subject in the same place. I remember when an editor, Ralph Ingersoll I think, casually explained this trick of the trade to me, that my first reaction was obviously,  my second but why didnt it ever occur to me? and my third that it was one of those profound banalities everybody knows after theyve been told. (Rreview of Luce and His Empire,  in The New York Times Book Review, 1972. Rpt. in Discriminations: Essays and Afterthoughts, 1938–1974, by Dwight Macdonald. Viking Press, 1974) Introductions and Body Text Whatever you write, youll need a strong introduction. If your readers dont find something to hook their interest  in the first paragraph, all your research and effort into making your report wont achieve their goal of informing or persuading an audience. After the intro, then you get into the meat of your information. You wont necessarily write your intro first, even though your reader will see it first. Sometimes you need to start in the middle, just so youre not overwhelmed with a blank page for long. Start with the basics, the background, or boiling down your research—just to get going—and come back to writing the intro at the end. Writing the background often gives you an idea of how you want to do the intro, so you dont need to fret over it. Just get the words moving. Organizing Paragraphs  Structure Dont get too hung up on a particular formula for each paragraph, though. Stephen Wilbers wrote, Paragraphs range from tightly structured to loosely structured. Any scheme will do as long as the paragraph seems to hold together. Many paragraphs begin with a topic sentence or generalization, followed by a clarifying or limiting statement and one or more sentences of explanation or development. Some conclude with a resolution statement. Others delay the topic sentence until the end. Others have no topic sentence at all. Each paragraph should be designed to achieve its particular purpose. (Keys to Great Writing, Writers Digest Books, 2000) Conclusions Some pieces that you write may need a wrap-up type of conclusion—especially if youre out to persuade or present findings—where you give a quick summary of the high points of what youve just presented in detail. Shorter papers may not necessarily need this type of conclusion, as it will feel overly repetitive or belabored to the reader. Instead of a straight-out summary, you can come at it a bit differently  and discuss the significance of your topic, set up a sequel (talk about its potential in the future), or bring back the scene from the beginning with a little added twist, knowing what you know now, with the information presented in the article. Speeches Writing a speech or presentation is similar to writing a paper, but you may need a bit more bounce back to your main points—depending on the length of your presentation and the detail you plan to cover—to make sure that the crux of your information is solidified in the audience members mind. Speeches and presentations likely do need highlights in a summary conclusion, but none of the repetition need be long—just enough to make the message memorable.