Evaluate the Impact of Changes in the Economic Environment

Evaluate the impact of changes in the economic environment on a selected business – D1 After various changes to the economic tax and interest rate, CPHP have conducted and compiled research into current public spending. The results show that there has been a dramatic reduction in the level of public spending in the UK. The changes in economic environment will affect a business, the profit of the business will be affected because its affect the price and income of a business, which are the main aspect of a business.If Tesco decides to change the price of their goods, for example; the price of their doughnut in 2009 was 5 pieces for a pound, a reasonable price for students but with the economic environment it affected everything with the introduction of VAT from 17. 5% to 20% made the price of the doughnut to now cost around 1. 30p the change is affordable for some people but for other people it is not affordable. The reality of this economic environment is that when the price c hange and it becomes higher, consumers get less happy and this affects our range of time of buying certain products.The article above shows how the economic environment tax income is affecting prices as a whole, the price of cigarettes and alcohol in going to increase. This will affect Tesco because this is where they make most of their sales from. They have almost to sessions for both cigarettes and alcohol. When these products increase, it means their sales on these products will reduce because not a lot of customers will still be buying these products.Another policy that will affect the business Tesco is the fact their employee can’t work more than 39 hours, this policy will have impact on the business because they will have to recruit more workers and especially for the big 24 hours Tesco. This will affect Tesco income because it will increase the rate of their outcome because they will spend a lot of money on paying their workers. Another important economic environment i mpact will be the fact that Tesco will have to apply for more loans to be able to successfully run the business until it’s able to make enough money by itself and rely only on their income.This will affect Tesco growth because the loans will affect their income, cash flow and business image. Tesco will pay more and profit will drop. Tesco also have social factors that affect them, as the business have charity centre in helping the less privilege people and the more these people gets poor, the more they will have to stretch to help out which also spending money. Recession causes unemployment, this will affect the demand for goods and Tesco profit will drop.An economic factor that might affect Tesco is the demand of the consumer and customer which will decrease with the different problems; people are having in the world. As the demand decrease so the economy of the business will decrease and the profit of the business will decrease too. This refers in the fiscal and monetary, f or example since when the government decided to raise the VAT from 17. 5% to 20%, the business increase their goods price and due to that reason the customers do not purchase enough goods like they used.Social factors refer in the trend of customer which keeps changing their trend, and what the trend of their purchase. For example nowadays due to people’s work, they are really busy so they often decide to buy already cooked food. Technology refers in how Tesco adopt online shopping to attract customer, to purchase goods and services from the business. Another technology might be the introduction of delivery which refers in how the businesses deliver their goods around the customer’s address.

My aunt Gertrude is a rare gem.

My aunt Gertrude is a rare gem. She remains unmarried till this day, and has no desire to do so even though she is exiting the prime of her life in a few months’ time. I asked her once whether she ever contemplated being alone during her twilight years, without the comforting companionship of a husband or the dutiful doting by her children.She looked straight at me in a gaze that at once appeared as if she was reaching deep into the recesses of her being.She spoke in a barely audible whisper that she once had such a dream as I mentioned, but no longer. I was gripped with a curiosity that was tinged with a certain sadness, as I detected that within her voice and readily embraced it as my own in empathy and identification with this woman whom I love.She started tearing, and continued slowly the sad poetry that had haunted her for the past decade. When she was younger, just out of college, my aunt was engaged to a gentleman from Chicago, by the name of Mollier. He was a dealer in antiques, and had a thriving business by the time he became acquainted with my aunt Gertrude.They were a loving couple, always together, engaged in frequent intimate conversations and shared many common interests and tender moments. He was the man that my aunt was destined to marry, and to love and hold till eternity.Alas, one evening as he was making the trip home from California, he ran into a road accident and was tragically killed. My aunt did not receive the call from the coroners till a day later, after they had verified his identity and checked through their databases. Her life there and then was thrown into disarray.She left her newly-begun job, and hid in her parents’ home for the next five years. She had to learn how to live again. As she conveyed these to me, it was not her who sobbed and cried. It was me, one still young and too tender to know just what it meant and how she must have felt.She told me the pain that she carried within her heart, and how that very m oment she had died to her own ambitions, plans, and sensitivity.Her life as she knew it, was over. She had died with him. I learned from her that day what courage meant, and how with silent purpose and prayer, one can emerge from a forest of lost dreams and darkened hope still intact, at least in person. I also learned just how great love can really be, and what lovers go through each time their love disappears, even for a moment on an errand.Aunt Gertrude will never marry. She will live out the rest of her days as a spinster, having come so close to living her life with the man she truly loved and losing it all at once.She will still go about her days bustling about in a cheery manner, loving her nephews and nieces, tending to their moments of despair and immature concerns. She now lives outside herself; a woman constantly challenging herself to focus her love on others in order not to drown in the despair of her own unfulfilled love. She is a beacon of light and hope to us all in the family, and she is what makes us strong and secure.

My Experiments in Communication Skills Personal Statement

My Experiments in Communication Skills - Personal Statement Example Social workers are designated to collect information from various sources related to a particular issue and sort out the relatively relevant ones for the references according to the requirements of the context. Involvement of verbal, written and non-verbal elements of communication makes the interaction more feasible for better understanding the situations for optimum resolution. While negotiating the problems of individuals with possible solutions, suggestions are also required from experts in the concerned field of excellence. Most of the contexts related to the social worker’s career demand consultations for better conclusions. The ability to communicate well is required for listening to the issues through interpersonal interactions and collecting the resources for developing a beneficial solution from expert opinions. When I personally evaluate my own potentials to the effect of communication, I find some defects in my oral as well as written patterns. These problems are identified with a large majority – while some of them speak rather quickly it lacks clarity of the listener. Cultural differences and the influences of the developmental stages are considered as the factors responsible for most of this condition. On the other hand, while written communication is concerned, lack of professional experience pulls me back from making most of the effect. I understand that my abilities to organize the message and chronologically listen to the information have to be enhanced. These potential variables are those that make a professional social worker distinctively able to interpret and resolve issues of clients. With the help of this project, I have developed the methods of personal assessment of communication abilities and designed certain tools to modify my present skill level. I think following certain principles like convincing nature, patient and active listening, abstinence form argument, and well-timed presentation of ideas as the basic guidelines for a possible improvement.

Business environment of UK Essay Example | Topics and Well Written Essays - 1500 words

Business environment of UK - Essay Example Price is the key mechanism in this system. Changes in prices change the production and consumption patters and this system is dominated by private individuals and firms. On the other extreme, we have command economy system (John Sloman, 2002). This system is dominated by government's rules and regulations and government decide where to allocate resources, what to produce, how to produce and ration the produced resources accordingly. If we look at the economic system that is being followed in our Country (i-e England), we can clearly see that we follow a system that is a mixture of both private ownership and government control. This system is known as mixed economy and it combines the positives of both free-market and command economy. Like us, all the major countries like USA, Canada and France use this system. This system is considered as an ideal system for the businesses to thrive and government control establishes stability in the system. Macro-Economics concerns the working of an economy as whole. It provides various aims to the economy to work towards. Generally, these macro-economic aims include: Low inflation, Low unemployment, price stability and keeping balancing of payment. However, more often than not, economy moves away from these aims. To bridge this gap the government takes certain measures and actions. These actions are also known as instruments of macro-economics aims. England uses the following instruments to fulfill the macroeconomic aims. (McConnell and Brue, 2000) Monetary policy is deliberate manipulation of interest rates and money supply in the economy to fulfill the desired macroeconomic targets. Whenever there is inflation, it means that demand for good is higher than supply. In this case government usually raises the interest rate and reduces the money supply in the economy. This is known as deflationary monetary policy. When government uses this policy, less money is pumped into the economy and people now have less money in their hands to spend. Similarly, higher interest rates discourage them from borrowing from banks and this curtails their spending. When demand goes down, prices come down and inflation is taken care of. This policy also affects the business in adverse way. When government follows this policy, the businesses experience fall in their sales and some businesses might close down due to plummeting demand that this policy may lead to. On the other hand, when England is going through a period of recession, government helps b y starting an inflation fiscal policy to increase the aggregate demand in the economy. They lower interest rates and increase money supply in the economy. As a result of this policy people have more money to spend and businesses flourish as a result of high demand which is brought about by more supply of money in the hands of people and their ability to borrow money increases due to lower interest rates. This is how England's government uses the monetary policy to stimulate the aggregate demand. (Lipsey, 2003) Another instrument used by the government of England is fiscal policy. This includes varying tax rates and changing government expenditures in the economy to achieve desired targets. The Government of England usually increases taxes rates and lowers expenditure when faced with inflation. It again reduces the money that people have. As a

Business management Essay Example | Topics and Well Written Essays - 4000 words

Business management - Essay Example China is one country which escaped from the current global financial crisis without much damage. As per economic gurus, China’s economy will surpass that of the US’s within 20 years of time. Earlier, China was reluctant in opening their economy, but at present their economy is more transparent than even Japan’s economy. Moreover, China’s trade in 2004 was equal to 70% of its GDP, while that of Japan was 24%. China received $60.6 billion of foreign direct investment in 2004, while Japan, received only $20.1 billion (Overholt, 2005, p.5). China has adopted an economic policy in which they were ready to open the unimportant sectors for the FDI whereas the critical sectors were kept under government control only. They have encouraged privatization in many small scale industries and less important industry sectors and that also in bulk. Xinhua, Chinese daily, has quoted the opinion of the World Bank chief economist, Deepak Bhattasalithe recently. He has told to the Chinese daily that, not only the Chinese Governments effective policies on taxation, but its long-term investment in infrastructure construction also contributed to a more pleasant investment climate (Xinhua, 2004). There is no second opinion about the immense economic developments happening in China. Economic growth of a nation is controlled by many parameters like, political stability, lack of agitations in the society or industrial sectors and also the country’s ability to mobilize the internal resources along with attracting foreign direct investments (FDI) in the country. The people’s living standards, unemployment problems, educational levels, infrastructure developments, overall domestic peace levels and also the relationships with the neighboring countries, all will reflect the economic growth of a nation. China has all the above qualities and hence corporate can think about investing in China. China is the number one country in the world as

Flight Stability Essay Example | Topics and Well Written Essays - 1750 words

Flight Stability - Essay Example The most important flight management and control information is based on stability principles that are mainly referred to as static and dynamic principles. Considerations of the stability elements as highlighted in the section below are useful in the formulation of appropriate stability systems in aeroplanes. A balanced position of an aeroplane in flight is termed as a trimmed position in terms of stability, which is affected by introduction of static instability forces. Static stability is the capacity of an aeroplane experiencing static disturbance to revert to its trimmed state. An aeroplane is deemed to be in stability if there are no changes of acceleration towards a particular axis when in flight. When the aeroplane is exposed to static forces of disturbance, instability is experienced and the ability of the aeroplane to return to the static condition is determined by its capacity to overcome the disturbance and achieve the earlier stability (Ly 1997, p23). In the trimmed state, the aeroplane is generally in a stable condition that does not require extra input in order for it to be sustained in the condition. The aeroplane must be installed with systems to assist it revert to the steady state after a disturbance, which creates a disorientation of the stable axis conditions. Along the longitudinal axis, the appropriate conditions are achieved by introducing elevator trim tabs which are engaged until the previous static condition is achieved (Pamadi, 1998). This is achieved by the aeroplane system where the input of the pilot is not needed because it is on a hands-free operation installed in the design of the aeroplane. To assist in the detection of the instability of the aeroplane after a static disturbance, there are two types of analyses systems that can be used in such systems. On one hand, there is the stick-fixed manoeuvre which detects disturbance and maintains the same position in response while stick-free system is designed to

Sunflower Incorporated management Essay Example | Topics and Well Written Essays - 2500 words

Sunflower Incorporated management - Essay Example Brands such as Frito-Lay, Nabisco, Pringles, Borden’s and Planters are determined to increase their market share through renewed marketing strategies of their products (Cummings and Worley 239). These imminent dangers to the company propelled the president of Sunflower, Mr. Joe Steelman, to pirate Agnes Albanese from a competitor. The new position of Director of Pricing and Purchasing was created specifically for her. Her direct superior was Mr. Mobley, the Vice President for Finance. The president and Mr. Mobley both gave her freedom in her position and to create rules and procedures as she sees fit. Her position as a new top executive of the company necessitated coordination with each region and this was made known to all concerned personnel for compliance. Less than a month from taking on the job, Albanese implemented a number of new policies that every region must comply with toward a standardized system for all regions. These changes are, first, financial executives must notify her of more than 3% changes in local pricing, second, contracts amounting to more than $5,000 must first be cleared by her office. Though the latter rule is in fact inoperable since majority of the items are bought in bulk and distributed from the head office and only 40% are from within each region. These guidelines, she decided, were to be sent to the regional executives through email and shall be implemented immediately and thereafter be included in the company’s policies within four months (ibid 240). Haphazard Changes The major mistake that Albanese committed is in coming up with new procedures without proper diagnosis of the needs of the company and... Sunflower Incorporated is primarily a distribution company which purchases salty snack and liquor and supplies it to various retail stores in the United States and Canada. The company has had an established system focusing on geographical location as its main consideration. The main unit of Sunflower has given its branches ample leeway in terms of autonomy since each location consists of a varied demand correlative to the predisposition of the consumers of their given area. Understandably, each region consumes a greater amount of one product over another. Where whisky and bourbon is a major demand in the northeast part of the United States, vodka, gin and rum is popular in the West while Mexican taste is replicated in the snacks distributed to the southwest. The company in its outlets in the two countries is divided into 22 regions where each has an independent finance department, purchasing department, sales team and a central warehouse. The signs were clear early on but Agnes Albanese opted to disregard them and instead obstinately carried on a plan which lacks procedural and substantive purpose. She acted as though time was not on her side and executed changes that are ill-fitting to the organization as it stands. She took the liberty given to her by the highest ranking executives of the company and despite the cautionary advice of her superior, Albanese proceeded with her plan instantaneously. There was no proper evaluation of all surrounding conditions nor was there a concrete plan of action that everyone is on the same page. Evidently, it is easier to say yes on email than to argue with the computer.