Econometrics Assignment Example | Topics and Well Written Essays - 1250 words

Econometrics - Assignment Example As often as possible Box and Jenkin’s is an iterative strategy and there might be contending contender to depict an arrangement. To accomplish stationarity or evacuate pattern two methods are normally applied. The first includes fitting either a parametric model or a spline work. For this situation the ARMA model is applied to the residuals. Then again, Box and Jenkins suggested taking reasonable contrasts of the procedure to accomplish stationarity. Here the supposition that will be that the first arrangement is ARIMA and the distinction offers ascend to the ARMA arrangement. To decide if the arrangement has been decreased to a fixed arrangement, one may take a gander at the autocorrelations. For a fixed arrangement, the autocorrelation succession would merge to 0 rapidly as slack increments. The time plot given in Figure 2 is now a fixed arrangement as there is no proof of any pattern. Both autocorrelation plot and fractional autocorrelation plot should be taken a gander at the same time. The halfway autocorrelation become 0 at slack p+1 or more noteworthy when the procedure is AR(p). Carefully the biggest PAC is at slack 2 and the second biggest at slack 24. These are the main two critical incomplete autocorrelations. When think about the ACF at slack 24, no centrality is noted. Anyway at slack 16 ACF is huge, however no comparing essentialness is noted in PACF. The two segments of the perception vector y, the anticipated part X ÃŽ ²-cap, and the leftover y - X ÃŽ ²-cap are symmetrical. They are uncorrelated and since they follow multivariate ordinary circulation, they are additionally autonomous. Any capacity of the anticipated arbitrary vector and any capacity of the remaining vector will likewise be autonomously appropriated. Utilizing (9) and (12) given in Lecture 5 and utilizing the outcome that proportion of two autonomous chi-square factors partitioned by their particular degrees of opportunity, follows a F circulation with appropriate d.f. the F-measurement for testing boundary of straight relapse

The Roaring Twenties free essay sample

A significant number of these thoughts had a recorded effect. Everywhere throughout the United States individuals had the best quality of living on the planet during this timeframe. The 1920’s was the decade to live in. In actuality the 1920’s were such a wonder, that they got the moniker of the â€Å"Roaring 20’s†. The Roaring 20’s brought new creations and numerous mechanical developments that made this decade an opportunity to live in. The initial step Americans took was the move from coal to power. There was large scale manufacturing everywhere throughout the country with higher wages and more worker benefits. Individuals were presently moving from the nation into the urban communities to pick up work openings with all the new organizations opening up selling fresh out of the plastic new thoughts that individuals had never observed. Electronic apparatuses were selling like new bread. From irons to toasters to fridges, for once it wasn’t men proceeding to select apparatuses for home however it was the ladies who had this obligation. These new items made life for housewives such a great amount of simpler by diminishing clothing work, food arrangement and cleaning. Ladies were racing to the stores to purchase these new electronic apparatuses. Allowed huge numbers of these machines had just been imagined however it was in the 1920’s when they were improved and more individuals really had the spending plan to buy them. Ernst Alexanderson then presented the radio and it was a tremendous effect on society. Individuals could now be educated regarding things occurring around America. The business exploited this by advertising and selling their items by utilizing convincing words and drawing in the consideration of their clients. The radio likewise transmitted numerous significant occasions in America from sport occasions to verifiable occasions. The radio was a gigantic hit among the individuals however it was no contender for what was coming straightaway. Henry Ford propelled an advancement that was progressive to the point that made Americans insane, actually. The burning car was made and that as well as it was selling at a reasonable cost everywhere throughout the United States. The main minimal effort vehicles ever were made no different so there was no real way to separate the various classes. Later GM engines thought of the plan to make diverse sort of burning autos and sell them at various costs. This was a colossal sensation and individuals could now get from direct A toward point B strikingly quicker at a lower cost not at all like the earlier years. Just because more Americans could venture to every part of the nation and investigate places that the vast majority of them had never observed. This was only a glimpse of something larger as in came more changes in America during the Roaring 20’s. World War I had quite recently finished and there was a feeling of harmony and opportunity among Americans. During this period there were various of developments and new political standards. The best of them could have been the nineteenth amendment which gave ladies the option to cast a ballot. Ladies were currently politically equivalent to men and it was disordered. Risking a lot, ladies additionally made the Equal Rights Movement which focused laws the supported just men. This was the beginning of the â€Å"new women†. Ladies currently had various objectives and aspirations. With another job, more ladies started to want fruitful professions of their own as well as families. With all the new open doors ladies despite everything appeared to incline toward the housewife occupation and discover a spouse they could rely upon. Additionally the twentieth century presented the lowest pay permitted by law and furthermore constrained numerous enterprises and industrial facilities to abbreviate their work days. Production lines created work all the more rapidly and all the more proficiently because of the motivators and rewards that were presently given to laborers. Numerous employments were presently accessible for a wide range of classes. Government at that point did a hazardous move which was the disallowance of liquor. Now there was a solid interest for liquor and the administration had now made it unlawful. Numerous Americans despite everything figured out how to get this by going to illicit shrouded bars or bars and expending liquor. At the point when individuals are declined something they truly want they will figure out how to get it and ordinarily it will be cryptic and at a more significant expense. Individuals expected to celebrate and drink up and that’s precisely what they did. It was a period of satisfaction and merriment and nobody not even the administration was going to remove that from them. It likewise helped that during this denial period the selling of liquor was illicit yet there were no laws precluding its utilization. In the administration they had their own sort of new time. Three preservationist presidents from the Republican Party were chosen into office during this age. Warren G Harding who was chosen in 1921, Calvin Coolidge chose in 1923 and finishing with Herbert Hoover in 1929 all remained imperfect however with one shared objective, to support business and industry to work with the most extreme effectiveness and profitability as could be expected under the circumstances. This most certainly helped the economy and opened many openings for work in America. The Roaring 20’s was a time of show time and amusement. Individuals had new exercises that got them engaged and needing to leave their home or get a break from work. During this time Jazz Age was conceived in New Orleans by African Americans. Jazz before long turned into the most mainstream music everywhere throughout the United States. Jazz was quick, uproarious and a furor much like the Roaring 20’s. Jazz groups immediately climbed north some to Chicago and others to New York and played in many move clubs or had their own shows in theaters. Jazz was generally impacted by the forbiddance of liquor. Before long records were being delivered and each music administrator needed to get a grip of these Jazz groups that were causing bedlam all over Chicago and New York. With jazz came numerous new things, for example, moves. Jazz made the well known Charleston and the Black Bottom. Individuals wherever had this new vitality each time they tuned in to this new solid and before long were moving everywhere. It was a gathering wherever one of these African American groups played. Move clubs turned out to be amazingly mainstream right now. Move clubs across America would have move rivalries and numerous novel and at no other time seen steps were made. Alongside the new moves in came the Flappers. These Flappers were ladies of the new period who drank, smoked, discussed sex and moved. The Flappers were an amusement and not just for men. They moved and carried on this thought of changing past jobs or perspectives on ladies. Their clothing was what stood out the most, wearing short skirts, bounced hair style and quill like dress. These ladies didn’t care about anyone's opinion of them, they were experiencing their lives without any second thoughts. As though the Jazz time wasn’t energizing enough Hollywood before long became an integral factor. Motion pictures became America’s most loved movement in the 1920’s. The film business had a colossal development topping off cinemas to the most extreme limit. These inventive motion pictures depended on the new period and individuals were excited about that. The new film age gave a fantasy world to the crowds. The motion pictures presently had good examples for youngsters and ladies. Individuals needed to act like the entertainers they were seeing on the big screen. Another incredible wellspring of diversion that truly became renowned was sports. The Roaring twenties was undoubtedly the breakout decade for sports in America. This got known as the â€Å"Golden Age of Sports†. Everywhere throughout the states Americans advanced toward arenas and fields to watch the highest point of the world competitors perform. Among top entertainers in the twentieth century the name Babe Ruth with the 1927 Yankees is the first to ring a bell. No player had, or has so far as that is concerned, at any point played the game of baseball like this man did. Darling Ruth was an energizing player to watch play and improved the manner in which the game was played. His group during this time is supposed to be the best group ever. Another name that flies into my head is Red Grange the â€Å"Galloping Ghost†. Red Grange was an astounding football player in the school class with the University of Illinois who had remarkable gifts on the field. After school he marked with the Chicago Bears and turned into the most generously compensated football player in the NFL. This was the first run through the NFL establishment had seen unfathomable potential and abilities in a single player. Notwithstanding mind boggling sport figures, in the Olympic rounds of Paris 1924, numerous American competitors would proceed to break records by a wonderful distinction and would bring the gold back home. Society in the 1920’s had an exceptionally liberal point of view towards life. Individuals were abandoning old and conventional and adjusting to the new time. Americans needed to get insubordinate and feel free. A considerable lot of the individuals in this decade gazed toward models in magazine and purposeful publicity. Americans were pulled in to the media and advertising was in a manner conditioning them. During this time acknowledgment was turning into a piece more clear. Acknowledgment to homosexuality was getting progressively normal and furthermore that of minor race bunches in America. Society was in amazement of all the new advances both mechanical and in culture. Everything appeared to be so natural for them and for some odd reason during a period where most Americans had the cash to do as they wish. Everything was acceptable, perhaps unrealistic. As everything reach a conclusion, in October 29, 1929 one of the most noticeably awful disasters in America and even the world happened. The Wall Street Crash came into place. This day the stock costs on Wall Street crumbled bringing about an overall wretchedness that would later be known as the Great Depression. This accident on Wall Street would put a great many individuals jobless over the globe. In 1933 the 21st amendment would legitimize liquor with an end goal to stop the downturn. Bliss has its cost and the individuals of the 1930’s unfourtanely incurred significant damage for it. All things considered, the Roaring Twenties was a period of fervor and experience. One can think back and I

10 Best Writing Communities You Need to Join Today - Freewrite Store

10 Best Writing Communities You Need to Join Today - Freewrite Store Back in the mid 2000s, when the web was as yet youthful, YouTube didn’t exist, and Facebook was only a twinkle in Mark Zuckerberg’s eye, I joined a Yahoo Group for writers.â â Why? I was composing fiction that I needed to distribute online †on the whole, I needed to get it peer-explored. Also, not long after I joined, one of different authors contacted me and offered to assist me with my 30,000-word novella. She said she saw guarantee - and a few things that required fixing. I acknowledged her offer and started an astounding fellowship that remains steadfast to this day.â â It despite everything stuns me that this outsider from over the world was eager to surrender her time, for nothing, to assist me with sharpening my specialty. It took a while of revamps. She didn’t hold back with her criticism, yet she was constantly helpful and kind, and her recommendation was priceless, just like the contribution from different authors after I at long last arrived at the phase where I was glad to discharge my story to the more extensive group.â I’ve been a major aficionado of web based composing networks from that point onward. In the event that you’ve never went along with one, you probably won't know about the full scope of advantages you can get by joining.  Supportâ Composing is a side interest (or calling) with a special arrangement of difficulties that lone another essayist can really comprehend. Being a piece of an online network allows you to connect with other people who comprehend your battles, disappointments and difficulties, and who can offer supportive consolation and astuteness. It gives you a gathering of individuals with whom you can examine and investigate your thoughts and your barricades, and who can urge you to prop up when you’ve hit an imaginative block wall.â Critiqueâ When you’re sincerely engaged with a bit of composing, it tends to be difficult to evaluate it unbiasedly. Not certain if your plot bodes well? Do your characters sound valid? Are their inspirations conceivable? Loved ones regularly come up short on the specialized capacity or the fortitude to give genuinely productive criticism, though an online network gives you a differing gathering of scholars with a wide scope of experience who can assist you with increasing important understanding on your qualities and weaknesses.â Knowledgeâ Each essayist acquires something new to a network terms of understanding, kind, group, point of view, tips, procedures and thoughts. A composing network gives you a discussion to trade information and remove the most helpful goodies to apply to your own composition. Offering to investigate someone’s work can likewise be a significant learning experience which gives you presentation to a plenty of composing styles. Numerous people group additionally offer their individuals access to learning resources.â Resilienceâ Something any author needs to figure out how to manage is analysis - no essayist will be acknowledged by each distributer or delighted in by each peruser. Composing is an individual and enthusiastic movement, and it can beâ difficult to hear negative things about your work, and unnerving to impart it to outsiders. Great composing networks will assist you with building your strength to criticism by being useful, attentive and helpful.â Marketingâ On the off chance that you’re going down the independently publishing course, you’ll need some showcasing aptitudes, and being a piece of an online network places you in contact with different journalists who have been there, done that, and can share what has worked for them. Most people group additionally have roads through which you can elevate your own books to other members.â In the event that you’re quick to encounter the help, friendship and information that originates from joining an internet composing network, here’s a rundown of the ten best gatherings you can join right now:â 1. Scribophile One of the world’s biggest and most dynamic networks, Scribophile works on a karma framework, whereby you need to study others’ work before you can present your own. Be that as it may, on the off chance that you pay for premium access ($9 every month or $65 every year), you get boundless entries and an advertisement free encounter. Scribophile additionally offers the chance to contend recorded as a hard copy challenges (for money!). All degrees of composing capacity are invited and pretty much every sort covered.â 2. Insecure Writers’ Support Groupâ This people group was made by science fiction writer Alex Cavanaugh, who understood that there were a ton of lost spirits out there scouring the web for help with their composition. Today, it has a Facebook bunch with more than 4000 individuals and a crucial offer and encourage†. The community’s site brags a riches data including connections to composing tips, distributer records, showcasing aides and challenges. There’s a week by week bulletin and even a free manual for distributing and beyond.â 3. Absolute Write Water Coolerâ On the off chance that you’re searching for a simply discussion style gathering, at that point Absolute Write Water Cooler is an incredible spot to begin. With right around 68,000 individuals at the hour of composing, it’s amazingly dynamic, very much directed, and there are strings on everything from writer’s square and language structure to distributing and outsourcing. A lot of composing groups are secured including digital recordings, realistic books and scriptwriting, to give some examples. There are many conversations about composing related subjects to engage in, and a segment where you can get yourself a beta peruser, composing amigo or tutor.  4. Chroniclesâ This people group is the biggest discussion that cooks explicitly to sci-fi and dream scholars. Beside the composing gatherings that offer workshops, evaluates, difficulties and assets, it’s an incredible spot to examine the class all in all. Points spread TV and film, highlighted writers, the distributing business and more.â 5. The Next Big Writerâ On the off chance that you’re concentrated on getting your work evaluated, The Next Big Writer offers a universal crowd of writers †a considerable lot of them distributed †to give you criticism on your composition and backing with each part of your specialty. This gathering isn’t free however accompanies a rich rundown of highlights for the enrollment ($8.95 every month, $21.95 per quarter or $69.95 every year) including ensured criticism, boundless posting, access to premium gatherings, limits on classes and section into site competitions.â 6. She Writesâ Searching for a steady network of female journalists? She Writes may be the correct one for you. It’s the biggest internet composing network only for ladies. Once you’ve went along with, you can follow explicit gatherings and substance subjects, post your own blog and read the articles posted by different individuals (in excess of 30,000 accessible). She Writes likewise works its own independently publishing stage, where you can put resources into proficient instructing, altering, digital book creation and printing.â 7. Nanowrimo In some cases you need a cutoff time to give you that additional piece of inspiration. Nanowrimo represents National November Writing Month. Begun in 1999 by independent author Chris Baty, it’s an online novel-composing challenge held from 1â€30 November consistently, with the target of composing a 50,000-word novel. The people group perspective comes as brotherhood across internet based life stages like Facebook and Twitter, and you can likewise join theNanowrimo gatherings to talk about all parts of the novel creative cycle and offer your excursion with different members. On the off chance that the planning and word check don’t suit, tryCamp Nanowrimo rather, which holds virtual writers’ withdraws in April and July for activities of any arrangement and length.â 8. Talentville Screenwriters †this community’s particularly for you. Talentville is intended to help hopeful screenwriters not just sharpen their art through joint effort and training yet additionally to manufacture associations inside the business. With more than 10,000 screenwriters and in excess of 200 industry experts enrolled, one of Talentville’s objectives is to effectively elevate commendable work to operators, chiefs and makers. Enrollment ranges from free (with posting constraints) to $99 per year.â 9. Agent Query Connectâ In the event that you’ve effectively completed your original copy, this online interpersonal organization could be your best decision. It spends significant time in helping you get your book distributed, with conversation subjects and accommodating assets covering everything from composing question letters and discovering specialists to independently publishing and advancement. You can even get your inquiry letter peer-reviewed.â 10. Reddit Reddit is a tremendous informal organization comprised of subreddits that emphasis on each theme conceivable, and there are a lot of composing related conversation sheets in which you can partake. It’s free, and here and there unmoderated, yet incredible on the off chance that you have a very specialty region of intrigue or are searching for an enormous and assorted gathering. With just about 700,000 endorsers, r/composing is an incredible spot to begin.  Reward: 11. Freewrite Insiders Our Freewrite Insider bunch has more than 30,000 scholars everywhere throughout the world who are not kidding about improving their composing process.â From free assets, quality substance, and selective limits on the most recent composing devices, this is oneâ email bulletin that each author who is not kidding about their specialty should be part of.â â   About the creator: Claire Wilkins is an independent marketing specialist and supervisor from New Zealand. She wants to expound on movement, wellbeing, home, and legitimate accentuation. After a vocation in money related administrations traversing right around three decades, Claire left the corporate world behind to begin Unmistakable - her composition and altering business. She makes site duplicate, web journals, and pamphlets for inventive organizations and independent companies, andâ specialisesâ in cleaning existing substance until it sparkles. In her extra time, Claire appreciates cloud-spotting, singing in the vehicle and

The English 101 Final Essay Topics That You Need

The English 101 Final Essay Topics That You NeedIn this article, we'll be discussing English 101 Final Essay Topics. The problem in writing a paper that contains tough essays is often deciding on the best topic to get the most attention from your reader. For instance, if you're doing an essay for a specific subject, then you may have a difficult time writing about that subject since you won't have too much experience with it.However, the following topics are not only useful but you should consider utilizing them at your upcoming English 101 Exam. Let's go over these topics and how they can help you.To start with, English 102 and English 103 are both available for you to use. You can complete one of these and then take the other one. These two are considered to be more popular, and therefore they will get the most attention. This may mean you should make sure you read these on the English101 Wiki.English 110 is a very interesting topic and one that will not only help you prepare for y our English Essay topics, but also help you grow as a writer. It's used by most students who know they need some extra work, and by taking this course, you can learn how to edit and proofread your work.Your English Essay Topics should also contain an essay about the type of person you want to become. Perhaps you want to be a sporty person, a law graduate, a member of the media, a medical professional, or something in between.Take your time when picking your English Essay topics and make sure they are something you will enjoy writing about. Don't pick one that's extremely difficult or boring.When you're preparing for your English Essay topics, it's always good to consult the English 101Wiki. They provide excellent information about the topic and even free tips on writing your essay. They also provide some of the best and most interesting, writing resources around.

The Impact of Exchange Rate Fluctuation on Macroeconomic...

THE IMPACT OF EXCHANGE RATE FLUCTUATION ON MACROECONOMIC PERFORMANCE IN NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This study is designed to examine the causes of exchange rate fluctuations and their impact on the Nigerian economy since there is scarcely any country that lives in absolute autarky in this globalised world. The economies of all the countries of the world are linked directly or indirectly through asset or/and goods markets. This linkage is made possible through trade and facilitated by foreign exchange. The price of foreign currencies in terms of a local currency (i.e. foreign exchange) is therefore important to the understanding of the growth trajectory of all countries of the world. According to†¦show more content†¦1.2 STATEMENT OF THE PROBLEM In every country of the world, exchange rate level is the paramount target of economic policy targeting. In other words, exchange rate policy should be geared towards the attainment of long-term equilibrium rate, so as to achieve certain macro-economic objectives e.g. balance of payments equilibrium, through proper management of the Nigerian exchange rate policy. The country started operating the floating exchange rate system in 1986 after the introduction of SAP. It was expected that the country experience development but the reverse was the case because the country suffered consistent hopeless development situation as her naira depreciates often against other foreign currencies, especially the dollars which was universally accepted as the global medium of exchange. Before the floating system was introduced, $1=NO.89 but after that in 1966 we have $1=N22.05 and even today we have $1=N150.7 .This is quite disheartening, regardless of the effort of the government of Nigeria through th e activities of the regulatory body such as the establishment of second tier foreign exchange market (SFEM) in 1986 and interbank foreign exchange market (IFEM) in 1989 and currently the foreign exchange market (AFEM) in 1995. The depreciation of naira over the years has caused many firms especially the import dependent firms to suffer many loses as a result of exchange rate fluctuations. This has further led to difficulty inShow MoreRelatedOil Price Shock On Exchange Rate1393 Words   |  6 PagesOil Price Shock on Exchange Rate, Interest Rate, and Stock Exchange Performance: Crude oil and its byproducts since its discovery is one of the most basic input to the world particularly for energy. It is important to human existence and also, finite in supply. 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Personal Experience My Eyes Explode Open - 1808 Words

Personal Experience Paper My eyes explode open. The vehicle’s cabin is filled with a gray, dusty smoke. Something is wrong. What just happened? Muscle-memory kicks in. In combat situations, leadership and training, is essential to defining the life-saving steps for any situation. Be, Know, Do and the NCO Creed are the cornerstones for the successful noncommissioned officer. â€Å"The Day†, Baghdad, Iraq General David Petraeus was the Commanding General, Multi-National Force - Iraq (MNF-I). Petraeus was leading a military operations surge in Iraq. One of the goals was to counter Shia militia, especially in Baghdad. My team, Operational Detachment Alpha (ODA 5136), was tasked to target Shia militias in the Sadr City area of Baghdad.†¦show more content†¦Movement NCOIC seemed to be one of my permanent duties. Captain Benjamin Tiffner, the detachment commander, was to brief the Department of State on area key leaders and atmospherics. The Communications Sergeant, SSG Mike and Engineer Sergeant SSG Marshall were to exchange intelligence with federal and military intelligence agencies. The detachment Operations Sergeant, MSG Jeff and Weapons SGT Dave were to meet with the company Sergeant Major concerning logistics, food issue and upcoming operations. Human intelligence reported an increase in Shia militia movements and chatter about pot ential U.S. military operations. The Haifa Street, a notorious insurgent stronghold and historically a hotbed for attacks on U.S. Soldiers, in the At Taifiyah area was a concern. The Department of State and Iraqi intelligence issued concerns about the Sadr City area. Targeting convoys and preparations for counter attacks on the U.S. military dominated all discussions. Al Queda of Iraq was not discussed. We received double the standard issuance of food. Command was preparing for heavy operations. Our detachment was going to be the spearhead in Sadr City. Gather intelligence, target key militia leaders and conduct needed sniper missions in order to clear the way for the 101st Airborne’s sweep of Sadr City in the upcoming months. Everyone returned to the Operation Detachment Bravo (ODB, Special Forces company command).Show MoreRelatedAnalysis Of Beth Johnson s Bombs Bursting Into Air 817 Words   |  4 PagesGoshen College and Syracuse University. Her writing mainly fo cuses on encouraging readers to accomplish their personal goals as well as college texts such as Everyday Heroes (1996). Summary â€Å"Bombs bursting in air. They can blind us, like fireworks at the moment of explosion. If we close our eyes and turn away, all we see is the fiery image. But if we have the courage to keep our eyes open and welcoming, even bombs finally fade against the vastness of the starry sky â€Å"(15). â€Å"Bombs Bursting in Air†Read MoreThe Design and Uses of Jomon Pottery Essay838 Words   |  4 Pages It was amazing to experience the excitement of ceramics art at Los Angeles County Museum of Art and seeing the eyes of people who were staring at the ergonomically well designed Jomon pot that looked very difficult to design by hand. The size of the Jomon pottery was 22 inches in height and is nearly equivalent to a fish bucket and the shape of the Jomon was a wide cylinder that looked like it could store lots of amount of water and fish. The Jomon had a combination with varietyRead MoreEssay on Double-Consciousness in Audre Lorde’s Coal1641 Words   |  7 Pagesunder a veil. If the first word â€Å"I†, is taken and seen to mean â€Å"Eye†, the sentence becomes grammatically correct, as would be spoken by a literate white person(2068). 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Marketing Management Evolution and Development

Question: Discuss about the Marketing Management for Evolution and Development. Answer: Introduction The concept of marketing is changing with the passing phase of time. The change is occurring in the accelerating rate. In the similar circumstance, Baum et al. (2008) specified that the global competitive forces are affecting both the business and the professional aspects of the Australian market. The entrepreneurs are suggested to plan out the marketing attributes that meets both the human and the social needs. The previous studies forecast that the domestic enterprises get stuck in formulating its market ideas, which leads the organisations to lose its potential segment (Cooper et al. 2006). Therefore, the entrepreneurs have highly required plan out the marketing criteria with several cost effective methods. STP (Segmentation Targeting and Positioning) is the effective framework that often guides entrepreneurs with corrective marketing measures to present the products before the potential segments (Cohen, 2012). The current study attempts to scrutinise on the importance of STP on m arketing management concept. The concept has been applied on the Australian farm house and Australian Beverages, the health drink brand in the Australian market. STP of Mustela Segmentation It is essential for the marketing managers to segment its marketing concepts by employing different techniques. In this present context Beverland et al. (2010) stated that the segmentation is helpful to recognise the prospective clients for sharing the equivalent levels of the products and the parallel services. It has been observed that the demographic segmentation prospects of farm house are the business class. The segmentation concepts of the firm are also preceded through the criteria like age, gender, income status and the relationship. In this present scenario, Corrigan et al. (2014) added that the firm has to keep a focus on the selling of farm house products to satisfy the requirement of the business class and the chosen clients. As the business class has a unique boldness while purchasing the properties, so that the farm house agents in the Australian market require to put a substantial prominence while selling the properties to the clients. According to the opinion of Willi ams (2012), the management of the firm is enough matured to set the price range depending on the income group status of the customers. Hence, every level of customers can enjoy the products for the properties offered by the leading brand. As target customers like to purchase the best products to withstand the comfort aspects, the company provides an optimal opportunity to all the levels of customers by reducing the price discrimination factor. Therefore, it can be inferred that the property agencies in the Australian market kept the price range in an equal margin to preserve the standards of the products. Targeting As per the company statistics, farm house based brokers target the business class between the age group of 28-46 years for satisfying the requirements regarding the property procurement. The firm has taken a major initiative to communicate directly with the clients and the expected prospects so that the company could develop the product segment robustly and efficiently. Considering the words of Beverland et al. (2010), the majority of the celebrities are driven by the good will of the properties of the penthouses and the recent products offered by the real estate enterprises. In this current situation, it is hard for the brokers to convince the prospects in terms of changing the brand name while purchasing the properties (broom02.revolvy.com, 2016). Thus, the management of the brand has organised a commercial presentation, especially, for drawing the attention of the expected target clients. Therefore, it could be depicted that the firm has contributed for the long-term planning to a ttain the future benefits (Williams, 2012). Furthermore, the disinclined behaviour of the celebrities and the entrepreneurs is the other option for the management of to determine a set of a strategic initiative for the betterment of the products. Hence, investing in innovative and diversified service lines for the professional clients with a commercial declaration would help the farmhouse brokers to attract the clients towards the product segment. Positioning The marketing division of the company has to follow a standardised positioning criteria for the rival groups. In the opinion of Corrigan et al. (2014), the Australian farmhouse sector is one of the leading international division and having a sustainable market position in the market of Australia. The research and the development (RD) section of the organisation is highly competent to identify the financial strategies of the competitors. Thus, this is one of the prime advantageous segment of the company to establish a stable market position in the international market area. It has been speculated that the segment has customised the product price in an affordable range, which helps to eliminate both the quality and the economic expectations of the sector (Clark, 2010). On the other hand, the digital execution of the products is one of the smart policies of the chosen company to improve the brand positioning factor (Abelson et al. 2013). The brand could offer both the optical and the pe rceptible services to satisfy the target customers for improving the purchasing behaviour. STP of Australian Beverages Segmentation In the current framework of segmentation, Australian Beverages offers different types of energy drinks, supplementary juices and juice drinks, sports drinks, bottled and packaged water, ice teas and ready to drink coffees. The current market scenario of Australian Beverages indicates that the company is mainly targeted the sports segment for the energy drinks and other protein supplements. In the words of Cohen (2012), the teenage group section is particularly attracted towards the fitness activity and the frequent consumption of the sports drinks. Besides, Baum et al. (2008) stated that the extra juices are consumed by the student group and the teenagers. These supplements contained no added sugar and comprised wholly of fruit contents. The labelling of the nutrition value is kept equal to the offered fruit content. The customer consumption report also indicates that teenage and womens group prefers to drink carbohydrate products to fuel the muscles and brains. VorÄ ek et al. (2016) also added that the athlete group also requires special glasses to aid in the rehydration. Considering the fact, the current organisation has introduced different sports and electrolytic drinks for the age group of 15-34 years. As the female segment is highly concerned regarding the health, safety and losing weight rapidly, all standard food codes have been mentioned in the labelling of the supplementary drinks. However, Cooper et al. (2006) also stated that male groups prefer to put on the weight in an efficient manner. Therefore, the extra juices are offered primarily to the men, which include different mass gaining components (australianbeverages.org, 2016). The potential combination of the healthy food ingredients has helped the brand managing its brand competitiveness in the Australian market. Targeting The energy drinks are highly preferred amongst the young generation and the business class. According to Beverland et al. (2010), the age group between 21-32 years are highly inclined towards the energy drinks. The drinks are the formulated caffeinated beverages that contain the energy boosting substances. The young generation is highly distinctive regarding the ingredients that are used in the energy drinks. Therefore, Australian Beverages uses 145 mg/L - 320 mg/L of caffeine in the drinks to keep the body hydrated. In the similar circumstance, Corrigan et al. (2014) asserted the brand had maintained a distinctive approach in its product labelling approach. Through the lucrative packaging method, the brand has created a relative distinction with its heath drinks and target segments. The products that exclusively target the youth segments are not confused with the teenage segments (www.aabri.com, 2016). The sports drinks are specially introduced for the age group of 12 19 years. Bas ically, the target group have the tendency of participating in the sports events of schools and colleges. Hence, the electrolyte drinks have been introduced with 10% of sugar contents to convince both the target group and the parents for the procurement approach (australianbeverages.org, 2016). The particular product is promoted with the message that specified that the drink contains the carbohydrates that fuel up the muscular structures and boost up the capacity of human brains (www.theaustralian.com.au, 2016). The cordial are the concentrated fruit-based syrup that is introduced by targeting the women segment between 15 26 years. Positioning The electrolyte drinks are positioned with the message to contain a minimum sodium content, which enhances the absorption of both carbohydrate and water. Thus, despite of high sweat, the body remains hydrated. According to Williams et al. (2012), the electrolyte drinks are sold out at a greater margin in the Australian market. Moreover, the Cordials are introduced specifically for the female segment. Thus, the product is introduced with varied flavours like orange, lemon, blackcurrant and lime. Baum et al. (2008) determined that the energy drinks are promoted Food Standards Code to gain the commitment and the confidence of the potential customers. The above considerations enacted to be the advantageous prospect for the brand to position its products with the marketing accuracy to convince the target segments and attaining a competency in the Australian market. Conclusion The above study states that segmentation, targeting and positioning strategy offers a strategic advantage over the competitor of an organisation. The overall health drink market can be divided into homogeneous or heterogeneous groups. Thus, it is the responsibility of the marketers to satisfy and target those groups by offering a unique set of products. In this context, the current essay reflects on the health drink products company Australian Beverages and the farm house segment, in the Australian market. These two marketers potentially maintain the demand and the need for the targeted consumer pool. The employment of potential STP modules has enabled the current marketers targeting and positioning correctly in the Australian market. Eventually, the brand interaction has been increased, and the same has reflected on the current brand sustainability index. References: Abelson, P., Joyeux, R. and Mahuteau, S. (2013) Modelling house prices across Sydney,Australian Economic Review, 46(3), pp. 269285. Baum, J. R., Locke, E. A., and Smith, K. G. (2008) A multi-dimensional model of venture growth, Academy of Management Journal, 44, pp. 292303 Beverland, M.B., Napoli, J. and Farrelly, F. (2010) Can all brands innovate in the same way? A typology of brand position and innovation Effort, Journal of Product Innovation Management, 27(1), pp. 3348. Clark, J. (2010) Editorial: A serious house on serious earth: Religion and buildings,Australian Religion Studies Review, 23(1), pp. 2426. Cohen, D. (2012) The truth about sports drinks, BMJ, 345(8/3), pp. e4737e4737 Cooper, L.G., Baron, P., Levy, W., Swisher, M., and Gogos, P. (2006) PromoCast: A New Forecasting Method for Promotion Planning. Marketing Science, 18(3), pp. 301316 Corrigan, H.B., Craciun, G. and Powell, A.M. (2014) How does target know so much about its customers? Utilizing customer Analytics to make marketing decisions, Marketing Education Review, 24(2), pp. 159166. Homepage (2012) Available at: https://australianbeverages.org/ (Accessed: 23 August 2016). Mustela worldwide (no date) Available at: https://www.mustela.com/language-selector/ (Accessed: 23 August 2016). Subscribe to the Australian(no date) Available at: https://www.theaustralian.com.au/news/world/the-times/probiotic-drinks-branded-a-waste-of-money-for-healthy-people/news-story/e842df0166f30bd1349bf7701ba509e2 (Accessed: 22 August 2016). VorÄ ek, J., ÄŒslavov, E. and ma, J. (2016) Segmentation in sport services: A typology of fitness customers, AUC KINANTHROPOLOGICA, 51(2), pp. 3247. Williams, K.C. and Page, R.A. (no date)Marketing to the generations. Available at: https://www.aabri.com/manuscripts/10575.pdf (Accessed: 22 August 2016). Williams, T., Blachuta, B., Hegna, T.A. and Nagy, L.M. (2012) Decoupling elongation and segmentation: Notch involvement in anostracan crustacean segmentation, Evolution Development, 14(4), pp. 372382.

United Arabs Emirates

Introduction The United Arabs Emirates (hereafter referred to as the UAE) was formed in 1971 as a result of a merger by seven states which included Abu Dhabi, Ash Shariqah, Al Fujayrah, Abu Zaby, ‘Ajman, Umm al Qaywayn and Dubayy (Index Mundi para. 1). Abu Dhabi is the capital city of the UAE.Advertising We will write a custom assessment sample on United Arabs Emirates specifically for you for only $16.05 $11/page Learn More Over the past few decades, the UAE has undergone a significant economic transformation. Some of the factors which have contributed to the country’s economic growth over the past 3 decades relate to availability of sufficient oil resource and global finance (Index Mundi para. 1). During the 21st century, the UAE’s Gross Domestic Product (GDP) is ranked at par with those of the leading West European countries. However, during the period ranging from 2008 to 2009, the country’s economic growth was adversely af fected as a result of the collapse in real estate prices and the decline in oil prices. This situation forced a number of activists to petition the government to undertake a greater political responsibility. Over the years, the UAE has continuously adopted a moderate foreign policy stance which has enabled it to play a significant role in the economic transformation of the gulf region (Central Intelligence Agency para. 1). This paper is aimed at conducting an analysis of the UAE’s economy on the basis of various components such as its demographics, language, currency, political system, and predominant industries. The paper also analyzes the UAE’s economy on the basis of various economic factors such as nominal GDP, GDP per capita, unemployment and budget deficit. A description of the behavior of these economic indicators for a period of 20 years is also conducted. The paper also entails a historical analysis of the relationship between real GDP and labor productivity, real economic growth and labor productivity, real GDP and unemployment. A historical analysis of the relationship between inflation and real economic growth, inflation and money supply growth and unemployment and money supply growth is also conducted. Finally, the paper gives the relationship between the accounts in the balance of payments, average interest rates and the government budget balance. Demographics The UAE’s society is relatively cosmopolitan which is evidenced by the composition of its population. Approximately 19% of the country’s population are Emirati while 50% are South Asian and 23% are Iranians and Arabs. The remaining 8% of the population are composed of expatriates from different countries such as East Asians and Westerners.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The official language in the UAE is Arabic but some of the common languages spok en in the Emirates include Urdu, Hindu, English and Persian. Muslim is the major religion in the UAE with 96% of the citizens being Muslim while Hindu and Christians are only 4% (Central Intelligence Agency para. 5). The UAE has a national currency which is referred to as the UAE Dirham commonly abbreviated as AED (Central Intelligence Agency para. 6). Over the past decade, the UAE has undergone a significant population growth. The UAE’s population growth is estimated to be 3.282% (Central Intelligence Agency para. 6). In 2000, the UAE’s population was estimated to be 2, 369,153. During the period ranging from 2000 to 2006, the population of the Emirates grew at a steady rate from 2,369,153 to 2,602,713. However, from 2006 to 2007, the country’s population increased from 2,602,713 to 4,444,011 as illustrated by Figure 1. From 2006 to 2011, the population growth rate has been steady as illustrated by Figure 2. The population increased from 4,444,011 in 2007 to 5, 148,664 in 2011. Approximately 78.7% of the population are composed of individuals aged between 15-64 years. Of these, 2,968,958 are male while 1,080,717 are female. On the other hand, 20.4% of the citizens are aged between 0-14 years while 0.9% of the population are represented by individuals aged over 65 years. By 2005, the UAE’s population was estimated to be 5,148,664 (Central Intelligence Agency para. 6). Figure 1 Year ‘00 ‘01 ‘02 ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 UAE 2.37 2.40 2.45 2.48 2.52 2.56 2.6 4.44 4.62 4.8 4.98 5.15 Figure 2 Advertising We will write a custom assessment sample on United Arabs Emirates specifically for you for only $16.05 $11/page Learn More Source: Index Mundi http://www.indexmundi.com/g/g.aspx?c=tcv=21 Political System Since its formation, the United Arab Emirates has managed to establish a distinctive national identity as a result of consolidation of the federal status of the seven states that form the UAE (Emirates para. 1). As a result, the UAE has managed to develop a substantial degree political stability. The UAE’s political system is unique in that it is a combination of modern and traditional systems. By merging the two systems, the Emirates has been able to maintain, adapt and preserve the best traditions. The ultimate effect is that the UAE has succeeded to develop an effective administrative structure (Emirates para. 1). Prior to formation of the UAE, each of the states had their own political system. To ensure success of the new state, the leaders decided to form a provisional constitution that outlined the allocation of powers to the new federal institutions. Through constitutional review, a federal system was instituted in 1996. The UAE’s federal system of government is composed of the following: A Supreme Council Cabinet (Council of Ministers) Federal National Council Parliamentary Body An Independent Judiciary Council of Ministers Each of the UAE’s state has its own ruler which makes it to be loose alliance. On the basis of the 1971 provisional constitution, each of the seven emirate states has reserved a number of powers and rights such as those related to control of minerals and revenues. The resultant effect shows that development of federal powers has been relatively slow (US Department of State para. 13). Through the constitution, the UAE has established the position of the President and the Vice President who are required to serve for a 5 year term. The Council of Ministers is headed by the Prime Minister. The Federal National Council (FNC) is composed of 40 members some of which are appointed by the rulers while others are elected by an electorate which is selected by state rulers (US Department of State para. 13). The Cabinet is selected by the President in consultation with the Supreme Council. Additionally, each of the six states has its own local government (Emirates para. 6).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Predominant Industries In an effort to attain economic growth, the UAE adopted the concept of diversification of its economy. As a result, the United Arab Emirates has attained rapid industrial development. Diversification of industries in the UAE has played a critical role in the economic success of the country. There are a wide range of industries within the federation. The most important industries in the UAE include the chemical fertilizer industry, cement industry, oil and gas, aluminum, steel and cable industries. The UAE’s chemical fertilizer industry is a core component of the country’s economic growth. The industry’s growth arose from the foundation of the Abu Dhabi National Oil Company (ADNOC). In its operation, the industry produces approximately 1,050 metric tons of ammonia and more than 1,500 metric tons of urea. The chemical fertilizer plant was formed in 1998 as a result of a merger between International Technical Trading Company of the UAE and SQ L of Chile. The cement industry is ranked amongst the oldest manufacturing companies in the United Arabs Emirates. Al Ittihad Cement Company was the 1st cement factory. Other factories have been constructed at Dubai, Fujairah, Ajman, Al Ain, umm al-Qaiwain and Sharjah. By December 1998, there were 9 cement factories within the UAE. One of the plants specializes in the production of Portland cement and another produces white cement. The capacity of 8 plants that specialize in the manufacture of Portland cement is estimated to be 9 million tones. The cement factories have provided direct employment to approximately 2,999 citizens. This represents an investment of approximately Dh 1.8 billion. Oil and gas are the major contributors to the UAE’s Gross National Product (GNP) and hence the country’s economic growth. On a regional scale, the UAE is ranked as the 3rd largest producer of natural gas and the 4th on a global scale. The UAE has a substantial amount of oil and gas reserves which enables it to meet its domestic and international demands. Abu Dhabi oil sector accounts for 85% of the total oil produced in the UAE. One of the factors which made Abu Dhabi to be a major oil producer is that it has both onshore and offshore oil fields. Abu Dhabi National Oil Company is charged with the responsibility of formulating oil production policies. However, oil production is conducted jointly with other international companies. The daily oil production within the UAE is estimated to be 2 million barrels. The most renowned gas and oil sectors in the UAE are located at Fujaira, Sharjah and Dubai. The aluminum industry is also a significant component of the UAE’s economy. The aluminum industry in the Emirates also contributes to the growth of other industries such as the aerospace and automotive industries. This arises from the fact that the success of these companies depend on the availability of aluminum for them to operate effectively. One of the larg est players within the industry is Dubai Aluminum Company. The firm produces more than 861,000 metric tons of metal. The UAE has a sufficient amount of aluminum to meet both the local and international demand. Moreover, the United Arab Emirates exports aluminum to more than 40 countries. The steel industry is also a core component of the UAE’s economy. The country has a number of steel plants, such as Ducast, International Quality Steel, Haji Siddique Foundry and Eurogulf Steel Industries. Economic Indicators In 2010, the UAE experienced a growth in the level of net exports, investment and private consumption. As a result, its nominal GDP increased from Dh 780 billion in 2009 to Dh 843 billion in 2010. The International Monetary Fund (IMF) projected that the UAE’s nominal GDP will increase from $1.084 billion in 2010 to $1.402 billion in 2011 (MSN para. 1). With regard to GDP per capita, the UAE has a relatively high GDP per capita compared to other countries. GDP per capita of a country is obtained by dividing a country’s national output by its population. In 2010, the UAE’s GDP per capita was estimated to be $ 49,600. In 2011, the UAE’s GDP per capita increased to $66,626. This represents a significant growth in the country’s GDP per capita (Index Mundi 1). Currently, the UAE has a relatively low rate of inflation. However, the rate of inflation has been fluctuating over the past 3 years. In 2008, the UAE’s rate of inflation was 12.3% while in 2009 and 2010, the rate of inflation was 1.6% and 0.9% respectively. However, in 2011, the rate of inflation increased to 4.5%. Prior to attainment of its independence, the UAE’s economy was mainly driven by fishing and agriculture. The discovery of oil in the 1970s led to a significant economic growth. Currently, oil accounts for more than 35% of the country’s GDP. The UAE is ranked amongst the countries with the lowest rate of unemployment in the world. H owever, over the past decade, the Emirates has experienced an increment in the level of unemployment as illustrated in the chart below. By the end of 2010, the UAE’s rate of unemployment was reported to be 4.3%. Source: Trading Economics http://www.tradingeconomics.com/united-arab-emirates/unemployment-rate In 2009, the UAE had a relatively high budget deficit which amounted to Dh 126.5 billion. The high budget deficit arose from the slum in oil prices which was experienced in 2009. Additionally, the high budget deficit was also a result of an increment in the government spending with regard to development (UAE Interact 1). In an effort to improve the country’s economic growth, the UAE’s government reduced its budget deficit to Dh 84.9 billion in 2010. In 2011, the UAE’s government projected that it would reduce its budget deficit with a margin of 53% by the end of 2012. If this is achieved, the country’s budget deficit will amount to Dh 1.82 bil lion (UAE Interact 1). The percentage of the UAE’s balance of payment in relation to GDP is relatively low. By the end of 2010, the UAE’s balance of payment as a percentage of GDP was 7.7%. The chart below illustrates the trend in the country’s balance of payment as a percentage of GDP from 2000 to 2010. Source: Trading Economics http://www.tradingeconomics.com/united-arab-emirates/current-account-to-gdp Over the past 20 years, these economic indicators have been fluctuating as a result of changes in internal and external factors such as globalization and industrialization. Additionally, the changes in these indictors have also arisen from adoption of various economic policies. For example, from 1980 to 2010, the UAE’s average balance of payment as a percentage of GDP has been relatively stable at 9.36%. However, the country’s balance of payment as a percentage of GDP reached its historical high in 1980 when it averaged 25%. On the other hand, the UAE balance of payment as a percentage of GDP reached its lowest level in 1994 when it averaged 0.1%. If the UAE experiences a high balance of payment as a percentage of GDP, its competitiveness in the international market declines (Trading Economics 1). This arises from the fact that the competitiveness of its products in the international market can be negatively affected. Real GDP and Labor Productivity There is a direct relationship between real GDP and labor productivity (Arnold 360). According to Arnold (360), growth in labor enables an individual or a firm to increase the level of its output. The resultant effect is that the probability of an increment in the level of real GDP is enhanced. The chart below illustrates the relationship between Real GDP and labor productivity. Source: http://www.swlearning.com/economics/econ_data/labor_productivity/labor_productivity_data.html Arnold (360) further asserts that change in average labor productivity is dependent on whether the ad ditional workers are productive compared to the existing ones. Therefore, if the additional workers are less productive, the average labor productivity will decline. On the other hand, if the additional workers are more productive, then labor productivity will increase. Arnold (360) asserts that it is only an increment in labor productivity that can result into an increment in real GDP. Based on this relationship, it is important for economies to focus on how to improve their labor productivity. One of the ways through which they can attain this is by investing in education and training. Additionally, labor productivity can be also enhanced by increasing the level of capital investment. Real GDP and Unemployment The relationship between unemployment and real GDP has been evaluated by a number of economists such as Arthur Okun. Okun asserted that there was an indirect relationship between real GDP and unemployment (Bell 135). In his study, Okun showed that the level of unemployment i n the US during the postwar period reduced with 1% for every 2.2% growth in real GDP. Okun illustrated the indirect relationship using the formula K= (Ya-Yu)/dU. Where Ya= actual economic growth. Yu= unemployment stabilizing growth rate dU= change in the unemployment rate. Another study conducted in Australia during the 1990s revealed that to stabilize the rate of unemployment with a margin of 1%, real GDP was to grow with a margin of 3.5% (the required rate of growth) plus 2.15% which represented the Okun coefficient. Therefore, real GDP had to grow with a margin of 5.65% annually. This relationship indicates that in order to reduce unemployment, the rate of real GDP growth has to be relatively high (Bell 135). Real Economic Growth and Labor Productivity One of the factors that contribute to a country’s economic growth is labor. Through combination of labor and capital, a country is able to create output. To increase labor productivity, it is imperative that each individual increases his or her level of output. This stimulates the rate of growth in a country’s labor productivity. The resultant effect is that a country’s rate of economic growth is enhanced. This means that there is a direct relationship between the rate of a country’s real economic growth and labor productivity. Inflation and Real Economic Growth According to Li (1), a country’s economic growth is adversely affected by high rate of inflation. However, the relationship between inflation and real economic growth is complex. For example, studies conducted by Easterly and Bruno in 1998 revealed that there was a nonlinear relationship between real economic growth and the rate of inflation. Findings of the study showed that at low rate of inflation, the nature of relationship was neither positive nor significant. Li (1) further asserts that high rates of inflation have a significant and adverse effect on a country’s rate of economic growth. Additionally, stu dies conducted by Easterly and Bruno also revealed that some countries experienced high rates of inflation of up to 20% and 30% while their economic growth was not adversely affected. However, when the rate of inflation exceeds a certain critical level, the rate of economic growth is adversely affected (Li 2). Inflation increases the level of uncertainty in an economy hence reducing the level of investment. The resultant effect is that the country’s economic growth is reduced. Inflation and Money Supply According to McMahon (para. 1), there is a direct relationship between the level of money supply and the rate of inflation. McMahon asserts that an increase in money supply (M1) results in an increment in the rate of inflation. The chart below illustrates the relationship between the rate of inflation and money supply in Australia during the period ranging from1985 to 2000. Chart 1 Source: http://inflationdata.com/inflation/Inflation/Money_Supply_and_Inflation.asp Chart 2 So urce: http://inflationdata.com/inflation/Inflation/Money_Supply_and_Inflation.asp From Chart 1, it is evident that the annual increment in money supply during the period from 1985 to 2000 ranged between 5% and 10%. In 2000, the level of money supply crashed before stabilizing. From Chart 2, the direct relationship between money supply and the rate of inflation is evident especially during the 1980s. However, during the 1990s, the relationship between money supply and inflation is not clear. This arose from the political changes that the country undertook which affected the rate of inflation (McMahon para. 1). On the basis of the relationship between inflation and money supply, it is evident that in order for an economy to attain a stable rate of inflation, it is critical that it maintains the level of its money supply at a relatively low point. Based on this relationship, if a particular economy adjusts its money supply, the result should be attainment of its natural unemployment ra te. This means that in the long run, it is possible for the natural rate of unemployment to coexist with any inflation rate. Therefore, there is no tradeoff that exists between the rate of inflation and unemployment. However, this tradeoff is only evident during the short run (Kennedy 209). There is also a strong relationship between the accounts in the balance of payments, average interest rate, and the government budget balance. If the balance in the current account is large, a country experiences high external indebtedness. Additionally, if the amount in the current account does not balance with that in the capital account, the average interest rate is affected. A number of empirical studies conducted reveal that there is a direct relationship between the amount accumulated in the current account and the rate of interest that a particular government pays in order to clear its debt. Historically, it has also been proved that economies have high current account deficit experience c urrency depreciation from time to time. Conclusion The paper has given an analysis of the UAE on the basis of various aspects such as its demographics, population growth, predominant industries and political system. These factors make the UAE to be a viable investment destination. The resultant effect is that the country’s economic growth will be enhanced. Additionally, the UAE’s economy has been also analyzed on the basis of various economic indicators. The paper also outlines the relationship between various economic variables such as real GDP and labor productivity, real GDP and unemployment, real economic growth and labor productivity, inflation and real economic growth, inflation and money supply and unemployment and money supply growth. Finally, the relationship between the accounts in the balance of payments, average interest rate, and the government budget balance is given. Works Cited Arnold, Roger. Macroeconomics. New York: Cengage, 2008. Print. Bell, Stephen . The Unemployment Crisis in Australia. Which Way Out? London: Cambridge University Press, 2007. Print. Central Intelligence Agency. The World Fact Book. 10 Nov. Web. Emirates. Government and Political System. 12 Dec. 2011. Web. IndeX Mundi. United Arab Emirates Economy Profile 2011. 12 July 2011. Web. Li, Min. Inflation and Economic Growth: Threshold Effects and Transmission Mechanisms. Alberta: University of Alberta, 2008. Print. McMahon, Tim. M1 Money Supply and Inflation: How Does M1 Relate to Inflation? 9 April 2009. Web. MSN. IMF Raises GCC Growth to 7.8%. 28 April 2011. Web. Trading Economics. United Arabs Emirates GDP per capita. 30 Dec. 2011. Web. UAE Interact. UAE Nominal GDP to Expand 8% in 2010. 10 June 2010. Web. US Department of State. Background Note: United Arab Emirates. 29 Dec. 2011. Web. This assessment on United Arabs Emirates was written and submitted by user Leo Erickson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Beware these Dangerous E-Z Pass Scams

Beware these Dangerous E-Z Pass Scams Want to jump on the fast lane to becoming an identity theft victim? Simple! Just fall for the dangerous and tricky E-Z Pass email phishing scam. The E-Z Pass system  automatic toll collection system  allows subscribers to avoid having to stop at crowded highway toll plazas. Once the driver has set up an E-Z Pass prepaid account, they receive a small electronic transponder that attaches to the inside of the windshield of their vehicle. When they travel thru a toll facility where E-Z Pass is accepted, an antenna at the toll plaza reads their transponder and automatically debits their account the appropriate amount for the toll. E-Z Pass is currently available in 17 states, with over 35 million E‑Z Pass devices in circulation.   According to the Federal Trade Commission, potential victims targeted by this scam get an email appearing to be from their state E-Z Pass toll road agency. The email will have a realistic E-Z Pass logo and will use pretty threatening language to informing you that you owe money for driving on a toll road without paying or using E-Z Pass. The email also contains the â€Å"hook† in the form of a link to a website where you can view your supposed invoice and take care of your supposed fine without fear of further legal action against you. The scam email is not from the real E-Z Pass Group, an association of toll agencies in 17 states that manages the popular E-Z Pass program. While the E-Z Pass system  operates in only 17  states, and your state may not even have any toll roads, you may still be targeted by the E-Z Pass scam, because  the scam emails are being sent to consumers nationwide. The Worst That Can Happen If you click on the link given in the email, the scumbags running the scam will try to put malware on your computer. And if you give the fake E-Z Pass website any of your personal information, they will almost certainly use it to steal your identity. Goodbye money, credit rating, and personal security. How to Protect Yourself from the Scam The FTC recommends that if you get the E-Z Pass email, do not click on any links in the message or try to reply to it. If you think the email may really be from E-Z Pass or if you think you might actually owe a toll road payment, contact E-Z Pass customer service to confirm that it is really from them. The E-Z Pass email is only one of a seemingly endless list of similar phishing scams, in which scammers pose as legitimate businesses in an attempt to steal consumers’ personal information. To help stay safe from these dangerous scams, the FTC advises: Never click on any links in emails unless you are certain you know or do business with the sender.Never reply to any emails that ask for personal or financial information. Even if the sender is legitimate, email is not a secure way to send such information. In fact, it is never a good idea to include things like your Social Security number or bank account information in any email message, including those you send.Always keep your computer security software current and active. How to Turn the Scammers In If you think you might have gotten a phishing scam email or be a victim of one, you can: Forward the suspect email to spamuce.gov and to the company impersonated in the email.File an official complaint with the Federal Trade Commission’s online FTC Complain Assistant. The E-Z Pass Transponder Theft Scam Another dangerous E-Z Pass scam has nothing to do with email. In this simple act of costly mayhem, thieves find cars and trucks that have been left unlocked so they do not have to break in. Once inside the vehicle, the thief simply steals the victim’s E-Z Pass device and replaces it with a non-operating fake one. In a matter of seconds, the crime that can cost the victim for months, or at least until they figure it out. In 2016, one stolen EZ Pass transponder in Pennsylvania racked up more than $11,000 in fraudulent charges before its real owner discovered the crime. As police advise, avoiding the E-Z Pass transponder theft scam is simple: Lock your car or truck.

Communication Plan Research Paper Example | Topics and Well Written Essays - 750 words

Communication Plan - Research Paper Example Furthermore, the manufacturer is a wholly owned subsidiary with an annual turnover of averagely $1 Billion dollars. It is located in California with its presence in terms of facilities felt all over the world. A communication for change has to therefore be up to date, integrated with a touch of modern technology. A change into an integrated customer management system is quite sensitive and requires and effective communication plan for such a change to be communicated to the involved stakeholders positively (Apollo Group, 2004). Communication in any formal setting involves written, spoken or electronic interaction with the association audiences. Given the vast existence of Riordan Manufacturing, the communication plan to be used should be swift, able to reach many people at a go and with the ability to remain relevant for a long time. I would therefore suggest a combination of periodic print publications, online communication through social sites and a comprehensive company site, surveys and annual reports. This is apart from the normal communications such as those on advertisements and formal meetings of the company. This plan should be developed around the budgeting and planning period to make its implementation realizable as it will be incorporated in the company budget (Cohen, 1990). Such a plan should be detailed and comprehensive and I would suggest that the stakeholders involved seek information from varied sources such; from the Association’s Mission statement, from communication audit reports, surveys from the stakeholders, customers and employees alike as they are the ones who will use the systems on a daily basis. The plan would therefore involve a conduct of research-communication audit on the current communications with the customers using the current system (Cohen, 1990). This will involve Riordan Manufacturing finding out what each of its staff do on a daily basis in way of communicating to the customer. This is coupled with

Business Simulation Game (Individual Report) Essay - 1

Business Simulation Game (Individual Report) - Essay Example Fruits are starting to bear for the few steps already covered though we still have a long way to go. Strategic management planning and implementation has been in place for the six years. Our work in the office has been to implement these plans for the last three years and into the future in order to realize the full implementation. The next three years will be about much to do with consolidating the gains made in the last three years in order to maintain the market dominance that we have gained since. There is still room for improvement in our market segment we are pursuing. In internet marketing for example, we are relatively doing well but there are still a number of companies ahead in terms of these segment sales volumes. The same is true in private label and wholesale where competition is very high. Claude Footwear Company core business is the manufacturing of sports footwear. Our markets cover or divided into four geographical regions for ease of doing business; North America, Latin America, Asia-Pacific, and Europe-Africa. These geographic areas are covered and managed from divisional headquarters located in each. The world head office and manufacturing plant is located here in London United Kingdom. As part of the strategic plan in the future is to put up manufacturing plants in some of the regions if we consider that it might be a strategic low-cost measure. This could be implemented sooner in emerging markets in the Asia-Pacific region. Specialty footwear still could be a factor to consider in putting up those plans if you consider country or region specialty sports like long distance running in East Africa, short distance, baseball, basketball, and American football in the Americas and football in Europe. The company in the medium term is implementing, as mentioned earlier a strategic plan which include product innovation, new product lines, marketplace scope expansion, and diversification and

The Time Trap Essay Example for Free

The Time Trap Essay Abstract Timeliness is an important and significant factor of production. Timeliness refers to efficient consciousness of time as resource to achieve desired result within specified period of time. It has widely been mis-conceived. This challenges its efficiency and effectiveness. An increased education operationalizes the relevance of timeliness and therefore enhances productivity and its wise utilization. Careful consideration of time management increases the benefits of an organization.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Time is an important resource available to all at equal measures. The wealthier and the poor alike do have, at their disposal, 24 hours each a day. The concern of the world is how mankind uses or account for every second on a daily basis. Timeliness is referred by academician as a deliberate act of consciousness and wise use of time. It can also be defined as working to achieve set objectives within the stipulated framework of a specified time. Timeliness is therefore a measure of efficiency in production. Organizations, especially government institutions, are victims of mismanagement of time. According to them timeliness is not a measure of production and it is always never too late to carry out government task.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The above action draws its foundations on a number of misconceived ideas about time management. One of the misconceptions, is attached success to timeliness, People believe that if they are an achievers, then they are using their time well. This in most cases is misleading as much time is always used to achieve the success claimed. Some persons also practice reluctance most of the time, claiming that they work best under pressure. This is completely unacceptable. It encourages laziness and compromises the quality of output. In other instances, time management has been seen as a way of limiting individuals and therefore depriving them of their freedom to have fun with their friends.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   There are diverse aspects that determine individuals’ response towards timeliness. It is widely believed that seniority at corporate level greatly influence the juniors consciousness to timeliness. For instance, when a senior books an appointment with one of the juniors, within the organization, the later will always attempt punctuality. While the former, at times hardly, appreciates the weight of the appointment. Interaction increases cohesion among individuals thereby resulting in different forms of relationships. It has been proven that workers timely output will proportionately measure with the level of interaction. This is because of personal respect and dignity they place on their relationship and may not wish to sour it by lagging behind the time stipulated for production. Another factor that influences the level of timeliness is reward. Where participants’ efforts are appreciated financially, timeliness is considered to some extent.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the world, there are powerful human forces of nature that exert a magnetic pull on individuals towards mismanagement of time. Mankind, despite of, his busy work schedule, have fallen as a victim of unplanned visit. Many at times exercise avoidance strategy to concentrate on their work. This breaks the social links. Sacrificing social network is never easy consequently; persons give to the pressure of unplanned visit. Time management in European and United State of America is to some extent admirable. Individuals are programmed for the day.   However in Africa, activities catch up with them and then they carry it out. This approach, coupled with doing many things at a time and maintaining ego’s desire to please others result to unethical and unsustainable use of time.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Another factor that also perpetuates unwise use of time is fear of offending others. Being in the world where love is measured by how much time you are willing to share with your partner, individual control on time management is, in most cases is compromised. Cultural attachment and values put emphasis on family structures and relationships. Thus community functions, which can not be pre-determined, supercedes individuals plans. Absences of community calendar for its activities there by enhance time mismanagement.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Sensitivity to time management is important and paramount. Insensitivity results in huge economic losses. Mackenzie states that, â€Å"Time which one seemed free and elastic has grown elusive and in tight and our measure of its worth is changing dramatically.† It further, highlights that,† In Florida a man bills his doctor for $90 for keeping him waiting. In New York a woman pays someone $20 an hour to do her shopping.† (Mackenzie, 1997, p.14) With reference to these statistics, lack of consciousness to time management will cripple the continents economy. The government can not afford to pay for economic losses arising from time wastage. This makes timeliness an important pillar in economic development.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Time is an invisible, unique and finite precious resource and also an important factor of production. It always appears to exist in plenty, yet time spent will never come back. This is why time management is instrumental to ensure that the world achieves the maximum potential of accessible time. This therefore is one of the factors upon which economic and socio-cultural development are based.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Improved consciousness to management of time translates to increased production. It has been reported that in Canada Airline, an exemplary and remarkable productivity increase occurred in the management offices as a result of wise use of time. This also promotes and fosters efficient use and conservation of energy. . (Mackenzie,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Comfort and convenience is the desire for every human being. Keen consideration of time management ensures that the health of individuals is not compromised. Scientist, explain that human concentration levels declines with increased in time use. It is always very disheartening and exhaustive to attend a meeting that was scheduled to begin at eight yet it commences at ten in the morning. The danger is that the agendas never get adequate time to be discussed. With improved means of time management, issues will be subjected to the attention they deserve.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Redress for the challenges of efficient time management is timely and needs immediate adoption.†Where there is no vision people perish. â€Å"(Common phrase in many communities.)   People who work without a goal to achieve in live are in most cases frustrated and at the long run achieve less than their expectations. Timeliness focuses our lives. Like the salesmen who set their targets daily, every individual in the world should therefore take initiative to manage time well.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A schedule that document daily, weekly, monthly and if possible yearly programs and activities should be emphasized. This will set monitory indicators that help one assess the achievements and failures. Organizations such as NGOs, CBOs, Private Sectors and government should avoid unnecessary meeting with no serious agenda to discuss. They should also adopt a performance contract with their employees. To enlighten and expose individuals to impacts of lack of consciousness to timeliness, there is need for organizations to hold frequent seminars and workshops on time utilization.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In conclusion, timeliness conscious is very important in economic and sociological development in the world. It is therefore, a responsibility for all, both government and individuals to embrace this concept. References Mackenzie Alec (1997).The Time Trap; The classic book o Time management 3 Ed,   Ã‚  Ã‚  Ã‚   AMACOM Div America Mngt Assn

Marketing Mix :: essays research papers

The Marketing Mix Marketing strategy is integrated with the marketing program, or marketing mix. The marketing mix traditionally includes variables such as price, product, promotion, and place. For this reason, the marketing mix deals more with implementation, and is not defined specifically as part of marketing strategy. Marketing mix is frequently used in combination with strategy to help marketing managers promote their product and/or service and it provides a useful framework for decision-making. The customer is the target of all marketing efforts. There are many possible ways to satisfy the needs of target customers and these variables are organized into the marketing mix or â€Å"the 4 P’s† (Product, Price, Place, and Promotion). †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Product: A product is the need-satisfying offering of a firm including physical goods or services †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Price: The price is the amount of money that is charged for â€Å"something† of value. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Place: The place is the making of goods and services available in the right quantities at the right locations. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Promotion: Promotion is the communicating of information between seller and potential buyer or others. The Product area is concerned with developing the right â€Å"product† for the target market. This may involve a physical good, a service, or a blend of both. The important thing to remember is that the good and/or service should satisfy some customers’ needs (Perreault, 2002). Place is concerned with all the decisions involved in getting the â€Å"right† product to the target market’s place. A product isn’t much good to a customer if it isn’t available when and where it’s wanted. The third P (Promotion) is concerned with telling the target market or others in the channel of distribution about the â€Å"right† product. Sometimes promotion is focused on acquiring new customers, and sometimes it’s focused on retaining current customers. Promotion includes personal selling, mass selling, and sales promotion (Perreault, 2002). In addition to developing the right Product, Place, and Promotion, marketing managers must also decide the right Price. Price setting must consider the kind of competition in the target market and the cost of the whole marketing mix (Perreault, 2002). A manager must also try to estimate customer reaction to possible prices. If customers won’t accept the price, all of the planning effort is wasted. All four Ps are needed in a marketing mix. The four Ps must be productively combined, so that a company develops the best mix for its target market. In other words, each decision must work well with all of the others to make a logical whole. Marketing Mix :: essays research papers The Marketing Mix Marketing strategy is integrated with the marketing program, or marketing mix. The marketing mix traditionally includes variables such as price, product, promotion, and place. For this reason, the marketing mix deals more with implementation, and is not defined specifically as part of marketing strategy. Marketing mix is frequently used in combination with strategy to help marketing managers promote their product and/or service and it provides a useful framework for decision-making. The customer is the target of all marketing efforts. There are many possible ways to satisfy the needs of target customers and these variables are organized into the marketing mix or â€Å"the 4 P’s† (Product, Price, Place, and Promotion). †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Product: A product is the need-satisfying offering of a firm including physical goods or services †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Price: The price is the amount of money that is charged for â€Å"something† of value. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Place: The place is the making of goods and services available in the right quantities at the right locations. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Promotion: Promotion is the communicating of information between seller and potential buyer or others. The Product area is concerned with developing the right â€Å"product† for the target market. This may involve a physical good, a service, or a blend of both. The important thing to remember is that the good and/or service should satisfy some customers’ needs (Perreault, 2002). Place is concerned with all the decisions involved in getting the â€Å"right† product to the target market’s place. A product isn’t much good to a customer if it isn’t available when and where it’s wanted. The third P (Promotion) is concerned with telling the target market or others in the channel of distribution about the â€Å"right† product. Sometimes promotion is focused on acquiring new customers, and sometimes it’s focused on retaining current customers. Promotion includes personal selling, mass selling, and sales promotion (Perreault, 2002). In addition to developing the right Product, Place, and Promotion, marketing managers must also decide the right Price. Price setting must consider the kind of competition in the target market and the cost of the whole marketing mix (Perreault, 2002). A manager must also try to estimate customer reaction to possible prices. If customers won’t accept the price, all of the planning effort is wasted. All four Ps are needed in a marketing mix. The four Ps must be productively combined, so that a company develops the best mix for its target market. In other words, each decision must work well with all of the others to make a logical whole.