Intro to Business Essay Example for Free

Intro to Business Essay FRANCHISE Case Study Questions: 1) Discuss the benefits and drawbacks of opening a franchise. (6 marks) The benefits of opening a franchise is that the franchisor would provide support, assistance and training; they would have a recognized name and products and; opening the franchise would be a reduced risk to the franchisee. The drawbacks of opening a franchise is that there would be restrictions on operations as the franchisee would have to follow the franchisor’s rules and regulations; must pay franchise fees and the percentage of sales to the franchisor and; there would be a loss of management control, prices, wages or even innovation. 2) Evaluate the benefits and drawbacks of running this franchise with a partner rather than doing it on your own. The benefits/advantages of running this franchise with a partner would be; It would be fairly easy to start the partnership with an agreement between two people; It would be easier to raise more capital than a sole proprietorship; We would have greater skills and expertise with two of us as partners and; flexibility to support and help each other. The drawbacks/disadvantages of running this franchise with a partner would be; there could be conflicts or disagreements with a partner; we would be sharing the profits and; there could be difficulty in leaving or ending the partnership. 3) List 6 key characteristics that you and your partner will have to display in order to be successful in this entrepreneur endeavor. The key characteristics that my partner and I would have to display to be successful in our entrepreneur endeavor would be, to be: Ambitious, committed, self-confident, energetic, passionate, creative, passionate, determined and risk takers. 4) List 6 stakeholders and discuss how they are impacted by your business. 1.Employees – my business would create jobs Customers – my business would be a convenience of another franchise available Suppliers – my business would give suppliers more business Government – my business would pay taxes (business and employee, etc) to help the economy Local Community – to create a better local economy of having a business Environment – to be environmentally responsible by using reduce, reuse and recycle FRANCHISE Case Study 1: Intro to Business 5) Using your knowledge of demand and supply theory. Draw a market for Dominos Pizza with demand (BLUE Line) and supply (RED Line) equilibrium assuming the average price customer pays for a Domino’s pizza is $9 and sells an average 500 units a week. (2 marks) Dominos Pizza – Supply and Demand in One (1) Week UNITS The pizza market is highly competitive and competitors prices impact and demand. On your diagram, draw the shift in demand that will result from new low price $5 hot and ready pizza offer by its competitor Little Caesar’s. Discuss the impact on Domino’s (in terms of its price and profits) . (2 marks) Due to the low price of the competition (Little Caesars) means Dominos pizza’s Demand Curve will DECREASE (GREEN Line) which means the profits will decrease along with the demand for Domino’s higher priced pizza. 6) As a local franchise, using your knowledge of the promotional mix, describe 4 tactics/strategies from the promotional mix that you could use to promote your local store. Be sure to explain how it will increase sales. (4 marks) 1. Personal Selling – to use a sales person to assist customers in making a purchase 2. Advertising – using different media channels to build awareness of the product 3. Public Relations – to create a good image of the company product through publicity and sponsorship 4. Sales Promotion – to stimulate sales through coupons, discounts, contests special offers 7) Make 2 recommendations to Domino’s Pizza Corporate on how the marketing mix could be changed in order to meet customer needs and continue to grow the company. (4 marks) The Marketing Mix is a blend of product offering, pricing, promotional methods and distribution system that brings a specific group of consumers superior value. My two recommendations to Dominos Pizza Corporate would be concerning the ‘Product’ to make smaller personal sized pizzas and my second recommendation would concern ‘Pricing’ to have a special introductory low price to attract customers, to the new personal sized pizza. My recommendations would meet the more ‘healthy = smaller sized portions’ of food to the healthy minded customer – and this would help with the growth of the company.

American Indian Wars :: essays research papers

American Indian Wars   Ã‚  Ã‚  Ã‚  Ã‚  There is perhaps a tendency to view the record of the military in terms of conflict, that may be why the U.S. Army’s operational experience in the quarter century following the Civil War became known as the Indian wars. Previous struggles with the Indian, dating back to colonial times, had been limited. There was a period where the Indian could withdraw or be pushed into vast reaches of uninhabited and as yet unwanted territory in the west. By 1865 the safety valve was fast disappearing. As the Civil War was closed, white Americans in greater numbers and with greater energy than before resumed the quest for land, gold, commerce, and adventure that had been largely interrupted by the war. The besieged red man, with white civilization pressing in and a main source of livelihood, the buffalo, threatened with extinction, was faced with a fundamental choice: surrender or fight. Many chose to fight, and over the next 25 years the struggle ranged over the plains, mountains, and the deserts of the American West. These guerrilla wars were characterized by skirmishes, pursuits, raids, massacres, expeditions, battles, and campaigns of varying size and intensity.   Ã‚  Ã‚  Ã‚  Ã‚  In 1865, there was a least 15 million buffalo, ten years later, fewer than a thousand remained. The army and the Bureau of Indian Affairs went along with and even encouraged the slaughter of the animals. By destroying the buffalo herds, the whites were destroying the Indian’s main source of food and supplies. The only thing the Indians could do was fight to preserve their way of life. There was constant fighting among the Indian and whites as the Indians fought to keep their civilization. Indian often retaliated against the whites for earlier attacks that whites had imposed on them. They often attacked wagon trains, stage coaches, and isolated ranches. When the army became more involved in the fighting, the Indians started to focus on the white soldiers.   Ã‚  Ã‚  Ã‚  Ã‚  In 1862, when the north and south were locked in Civil War, Minnesota felt the fury of an even more fundamental internal conflict. The Santees, an eastern branch of the Sioux Nation, having endured ten years of traumatic change on the upper Minnesota River, launched the first great attack in the Indian wars. Eleven years earlier the tribe had sold 24 million acres of hunting ground for a lump sum of $1,665,000 and the promise of future cash annuities.

The British Prime Minister Now Has Presidential Powers

Thâ€Å"The British Prime Minister now has Presidential Powers† Discuss the Validity of this Statement It would be correct to say that over the years the British Prime Minister has become more of a Presidential figure in Parliament. Recent prime ministers that have been referred to as presidential include Margaret Thatcher, Tony Blair and Harold Wilson. Prime Ministers are supposed to be ‘First Among Equals’ (Primus Inter Pares), however recent Prime Ministerial actions have got people questioning whether or not the Prime Minister has more power and is becoming a Presidential figure.The idea that the prime minister is now more presidential is drawn from the knowledge of the United States president and how the British Prime Minister compares to him. Firstly, the media turns the Prime Minister into a political celebrity. The actions the Prime Minister takes inside parliament and also much of the PM’s personal life is publicised in newspapers and television. T he Prime minister is the spokesperson for the government. Although their access to the media can be used for personal benefit, the media has been more critical of politicians in recent years.There is evidence of this as the BBC made allegations that the Iraq dossier was ‘sexed up’ during Tony Blair’s time as Prime Minister (class notes). The U. S President tends to have media coverage also. The wider use of special advisors increases how presidential the Prime Minister appears. The ‘Spatial leadership’ that the Prime Minister now adopts also gives us this impression. Prime Ministers now distance themselves from parties and government and develop their own ideologies. Examples of this include Blairism and Thatcherism (class notes).In times of distress in the country the people often turn to the Prime Minister in search of a solution. They PM tends to reach out to the people in times of crisis, for example, David Cameron returned home from his holiday early last year to address the issue of the London Riots (class notes). The power of the PM has increased in recent years as the prime minister has now increased control over Cabinet Office, which has turned it into a small scale Prime Minister’s department. The Prime Minister has the capability to dominate his cabinet. This makes him more like a president asCollective Responsibility is an effective way of ‘gagging’ his ministers. All ministers are expected to support publicly all decisions made in cabinet, or else resign. For example, in 2010 David Cameron was discussing with cabinet about building a Millennium Dome. Before a decision was made, he went outside and told the awaiting media that a dome was being built. Therefore the Prime Minister made the decision alone and cabinet couldn’t disagree (class notes). Another example of this is that Gordon Brown announced his decision to give independence to the Bank of England.Blair and Brown took this decisio n alone and Mo Mowlam, one of the most popular ministers in Blair’s cabinet stated, â€Å"I read about the bank of England decision in the newspapers† (Politics Review). This clearly shows that the Prime Minister can dominate his cabinet and make decisions despite him being â€Å"Primus Inter Pares† (first among equals). As the years go on, Prime Ministers are also having shorter and less frequent cabinet meetings and are holding more bilateral meetings. The amount of cabinet meetings has declined from 100 a year to approximately 40.Under Margret Thatcher’s parliament, her Cabinet was used less than previous Prime Ministers and annual meetings took place about 35 times. Under Blair, meetings rarely lasted an hour. This is evidence of the Prime Minister becoming more presidential and tackling decisions alone rather than with Cabinet. Thatcher and Blair also tended to have more committees and sub-committees. Blair’s ‘Sofa government’, Th atcher’s ‘Wise men’ and Wilsons ‘Kitchen Cabinet’ are all operating through bi-lateral meetings between the Prime Minister and advisors, so policy was ratified before it reached cabinet.These are all examples of Prime Ministers taking matters into their own hands and becoming more dominant and presidential. The dominance of the Prime Minister over Parliament is also shown in the ways that he/she chairs important cabinet committees and sets the cabinet agenda. Setting the cabinet agenda allows the Prime Minister to leave anything that may be difficult to come to an agreement on in Cabinet, to the end so that there will eventually be no time to cover it and the Prime Minister has to come to a decision on his/her own. Margaret Thatcher was said to have done this quite frequently.This shows that the Prime Minister can therefore decide on important affairs without having to consult cabinet. Tony Blair was noted to have used cabinet Committees a lot. The P rime Minister is also considered presidential because of what is seen as a growing ‘West Wing’ in Downing Street. This is due to the increase in Political Advisors in the PM’s office. The advisors help the Prime Minister make decisions even though they are unelected themselves. This means that they effectively influence his decisions and help him bypass cabinet, for example Blair gave his advisors power of Civil Servants.On the other hand, the Prime Minister can give considerable control to his cabinet members, which isn’t evident in American politics. For example, during Blair’s reign as PM, the Labour party was said to have a ‘Duel Monarchy’ due to how much power was given to Gordon Brown. Other ministers can constrain the Prime Ministers power and effect his decisions, which doesn’t happen with the U. S president. The Prime Ministers personality is an issue in how much power they have over Cabinet. They have powers over office but some may be more proficient than others in the exercise of those powers.Some Prime Ministers have been good in government management and other haven’t. Some adopted an autorical approach and some others focus on policy reflections. The amount of authority a PM had depends on how assertive a personality he/sh has. For example, John Major was often ridiculed for his inability to make decisions and was seen as a pushover (class notes). The PM’s popularity with the public also dictates how much power they have. At the moment, David Cameron is restricted from acting presidentially as a result of the constraints of a coalition government.The coalition government may weaken the powers of Cameron as many compromises need to be made to keep the government stable. For example, Cameron had agreed to a referendum on the electoral system. He had agreed to introduce fixed term elections. Liberal democrats hold key cabinet positions. Unlike the president, the PM may face resista nce in cabinet as particular cabinet members may not go along with a particular proposal. For example, Thatcher’s parliament lost a bill as the majority of cabinet voted against it.The PM cannot completely ignore his cabinet. Unlike the U. S. A, the cabinet is Britain is elected. The cabinet can overthrow the Prime Minister is he is disliked. This cannot happen in U. S government. In conclusion, the Prime Minister, in many ways over the years has increased his/her power to such an extent as to appear presidential. However, there are many constraints on PM power to conflict with this view. Whether or not the Prime Minister remains in high powers depends on power, personality and circumstance.

Labor Abuse in China Essay - 1509 Words

Labor Abuse in China â€Å"Inside the factory, amid clattering machinery and clouds of sawdust, men without earplugs or protective goggles feed wood into screaming electric saws, making cabinets for stereo speakers† (Goodman and Pan 1). In the article Chinese Workers Pay for Wal-Mart’s Low Prices by Peter Goodman and Philip Pan the mistreatment of the migrant workers in China is evident. These kinds of behaviors are taking place all over in China. The abuse of the Chinese work force has reached terrible proportions and created unlawful conditions because of the demanding economy of China, and other countries’ needs of the goods; however, the companies that are centered in China are working to make sure their workers are treated fairly.†¦show more content†¦Although this sometimes isn’t the factories fault because most of the workers are uninsured so they are denied medical and social services (â€Å"China: Beijing’s Migrant 1†). Most of the factories do try to pay their workers by hour at about twenty cents per hour, but some only pay them once a year (Goldman 1). This however is breaking the rule of Labor Law fifty in China, which states that workers must be paid on a monthly basis. The average wage per month is only about sixty-five dollars which isn’t a sufficient amount of money to support an average family (â€Å"China: Beijing’s Migrant 1†). These people try to work overtime to earn more money, but often times they are forced to do this regardless (Goldman 2). Chinese workers often work in fear, because they have to ask permission to leave even after their shifts are done and to even go to the bathroom (Goldman 1). The Chinese workforce is starting to realize these problems and they won’t stand for it. Many people are not putting up with the selfless acts of the government and are acting out against them. Mistreated workers are acting out against the government by throwing riots or going on strike against certain companies (Goldman 2). The government has tried to contain these acts, but not in the right ways (Weil 2). One such instant was when police in Zhengzhou hired approximately five hundred thugs and dressed them as the angryShow MoreRelatedChinas Factories and Sweatshop 1125 Words   |  4 PagesChina Sweatshop When you go shopping to Walmart or Apple ask yourself where your product is coming from. China has numerous sweatshop factories assembling USAs products from stores as Apple and Walmart. China’s Sweatshop tends to violate human labor’s rights by forcing overtime and going under the mandatory minimum wage and other violations as long hour without pay, sexual, and physical harassment. 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