Rate of Evaporation- Research Paper

Internal Assessment: Rate of Evaporation Ann George Mr. Frias/4th Period Wheeler High School Research Question How will changing the molar mass of alcohol affect the rate of evaporation, represented by the change in temperature over time, measured using a temperature probe? Research/Abstract Alcohol is an organic compound in which the hydroxyl functional group, OH, is bound to a carbon atom. Its carbon center should be saturated; it should have single bonds to three other atoms. The different types of alcohols are determined by the kinds of CH2 groups while the number of CH2 groups there are tells you the volume of the alcohol.The acyclic alcohols are the most basic and one of the most important groups of alcohol. The general formula of acyclic alcohols is: CnH2n+1OH. There are different types of acyclic alcohols. The most commonly used form of acyclic alcohol is ethanol which is a clear, volatile, flammable liquid that boils at 78. 4?. It is used as an industrial solvent, car fuel, and as raw materials in the chemical industry. Ethanol is widely used as a solvent for human contact or consumption, including perfumes, flavorings, colorings, and medicines. Another type of acyclic acid is methanol, and it is also the simplest sort of alcohol.It is a clear liquid that resembles ethanol is odor and properties, but it has a slightly lower boiling point of 64. 7?. Methanol is mainly used as a solvent, antifreeze, raw materials, fuel, or as a denaturant for ethanol. Unlike ethanol, methanol is extremely toxic since one sip of methanol can cause permanent blindness. Two other kinds of acyclic acid are propan-2-ol and butan-1-ol. Just like ethanol, these two types of alcohols can be produced by the fermentation process. Propan-2-ol is a colorless, flammable chemical compound with a strong odor.It is the simplest kind of secondary alcohol which occurs when an alcohol carbons is attached to two other carbons. Butan-1-ol is a primary alcohol with a four carbon structure. Bu tan-1-ol is part of the group of â€Å"fusel alcohols† which has more than two carbon atoms and is soluble in water. It is used as an artificial flavoring that is present in many types of food and beverages such as butter, cream, ice cream, and candy. Pentan-1-ol is a 5 carbon atom. It is a colorless liquid with an unpleasant aroma. This alcohol can be prepared by the fractional distillation of fusel oil.Some uses for pentan-1-ol include being used as a solvent for coating CDs and DVDs, and it is also used as a replacement for gasoline. Each of these acyclic alcohols has a general formula as follows: ethanol is C2H5OH, methanol is CH3OH, propan-2-ol is C3H7OH, butan-1-ol is C4H9OH, and pentan-1-ol is C5H11OH. Evaporation is a type of vaporization that occurs only on the surface of a liquid. For molecules of a liquid to evaporate, they must be located near the surface, be moving in the proper direction, and have sufficient kinetic energy to overcome the liquid phase intermolec ular forces.Since the kinetic energy of a molecule is proportional to its temperature, evaporation occurs more quickly at higher temperatures. As the faster moving molecules escape, the remaining molecules have a lower average kinetic energy, so the temperature of the liquid decreases. Also, evaporation tends to occur more quickly on liquids with higher vapor pressure. Alcohol evaporates faster than water because water has extensive hydrogen bonding between its molecules which results in its high boiling point whereas in alcohol, amount of hydrogen bonding is smaller as compared to water.This makes the boiling point of alcohol less than water. A major factor that tells the rate of evaporation is the intermolecular forces between the molecules. The stronger the forces’ keeping the molecules in a liquid state, the more energy needs to escape. Other factors that affect the rate of evaporation include the concentration in the air since air that has a high concentration of the sub stance will evaporate more slowly. Surface also plays an important part in the evaporation process because substances with a larger surface area will evaporate faster, as there are more surface molecules that are able to escape.Denser objects take longer to evaporate as well. The pressure of an object also effects evaporation since evaporation happens faster if there is less exertion on the surface keeping the molecules from launching themselves. The formula to determine the evaporation rate of a substance is as follows. Change in Temperature Change in Time Rate of Evaporation= In measuring the evaporation rate of a liquid, a temperature probe is most commonly used to calculate the decrease in temperature. If the evaporation rate occurs quickly, the temperature will also decrease quickly.Hypothesis For determine the rate of evaporation of a substance, the change in temperature is divided by the change in time. Among the five previously mentioned alcohols, methanol, ethanol, propan-2 -ol, butan-1-ol, and pentan-1-ol, the rate of evaporation for the methanol will be faster. Methanol will evaporate more quickly because its intermolecular forces are the smallest since it has the lowest relative molecular mass. This shows that the molecules in methanol can easily evaporate.The butan-1-ol will evaporate the slowest because it has the highest molecular mass of all the alcohols given, so it therefore has the greatest intermolecular force of attraction. If the molecules’ properties are the same, then the intermolecular forces of attraction are proportional to the relative molecular mass. So as the molar mass increases, the rate of evaporation decreases. Materials/Safety * Safety goggles * 4 beakers, each one with a number from 1-4 * Methanol, ethanol, butan-1-ol, propan-2-ol poured into separate beakers * Pentan-1-ol * Xplorer GLX Pasco PasPort PS-2002 * Temperature probeProcedure For this lab we were to find the rate of evaporation for the five types of alcohols mentioned from above. First we put on our safety goggles to protect our eyes from the aforementioned alcohols since they could cause irritation in our eyes. Next we set up our Xplorer GLX PasPort PS-2002 to graph. After that, we dipped the tip of our temperature probe into the first beaker of alcohol until the graph flat lined. Once that occurred, we removed the temperature probe from the alcohol and held it above the beaker until the graph on the Xplorer GLX Pasco PasPort PS-2002 started to decline, ndicating that the liquid was cooling off since it was evaporating. This process was repeated for the remaining alcohols. Finally, the temperature change of the alcohols was divided by the time it took for the temperature change, so we could calculate the rate of evaporation for the alcohols to figure out the identity of the alcohols. Data Table/Observations | Change in Temperature| Change in Time| Rate of Evaporation| Type of Alcohol| Liquid 1| 7. 1? | -18. 5| -. 384| Methanol| Liquid 2| 2. 9? | -51| -. 059| Propan-2-ol| Liquid 3| 1. 1? | -64| -. 712| Butan-1-ol| Liquid 4| 5. 9? | -65| -. 0908| Ethanol| Liquid 5 (mystery)| 2. 4? | -34. 5| -. 0696| Pentan-1-ol| Figure 1: This figure represents the data that was collected throughout the experiment. For each of the five liquids, we determined the change in temperature, the change in time, the rate of evaporation, and finally using all the data that we has gathered we determined the type of alcohol that the liquids were. When we received the different beakers with different types of alcohols, the alcohols all looked same since they are all colorless liquids.We found the change in temperature was the part of the graph from when the graph flat lined at the top to when the line went down and just starts to come up. This part of the graph is the temperature change because when the temperature line begins to decrease, it indicates that the liquid is evaporating. We knew that the liquid was evaporating since when evaporat ion occurs, the molecules change into a gaseous state therefore absorbing heat. When the molecules absorb the heat, it cools down the surrounding environments temperature.Evaporation was complete when we noticed the temperature start to increase again on the graph. The temperature increase indicated that the area from where the liquid had evaporated was starting to get back to the room’s temperature. We also found the time it took for the temperature to change so that we could figure out the evaporation rate for each of the liquids. Results/Analysis The results of the experiment are as follows. Liquid 1 had an evaporation rate of -. 384, liquid 2 had an evaporation rate of -. 059, liquid 3 had an vaporation rate of -. 0172, liquid 4 had an evaporation rate of -. 0908, and liquid 5 had an evaporation rate of -. 0696. Once we determined the evaporation rate, we used that to figure out the identity of each type of liquid. The higher the evaporation rate was, the lower the molecu lar mass was for each of the alcohols. There were instances throughout the experiment were possible errors could have occurred. One such instance is when we took the temperature probes out of the liquids, so that the liquid would evaporate.If we took out more liquid on one of the liquids then it would have taken longer for that liquid to evaporate than the others. Also if we waved the temperature probe in the air, then the liquid might have evaporated faster than it was supposed to. Another factor that affects the evaporation rate is if fresh air is moving over the substance all the time, then the concentration of the substance in the air is less likely to go up with time, thus encouraging faster evaporation. ConclusionsOur conclusions were right because as seen from our results, as the molar mass decreased the rate of evaporation for the substance increased. This is because more energy escapes if the forces that are keeping the molecules together in a liquid state are stronger. Thi s also represents that the evaporation rate of a liquid is inversely proportional to the molecular masses of the substances. Even though this does not full represent the relationship between the evaporation rate and the number of carbon chains that are in the alcohols, it supports the fact that they are inversely proportional.

Blood Transfusion

BIOPURE INDUSTRIESA Marketing Analysis Based on the data from the case study by Jonn Gourville, Biopure Corporation , HBS, 1998April 20, 2005By Veronica Stepanova Executive  Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 Situation AnalysisI. Human  Market†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3II. Animal  Market†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 Marketing Plan  for oxyglobin†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 Final  decision†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 7 Appendix 1 A (Excel documents, separate attachment) Appendix 1 B Executive Summary Many opportunities are available in the human blood market due to several disadvantages of thecurrently available alternatives. Even more opportunities exist in the  animal blood market. †¢Oxyglobin should be positioned as a high-quality product designed for middle- to upper-classbudgets. †¢The price for Oxyglobin should be about $200 for the consumer and around $100 for the supplier(animal hospital) to account for distribution markups and other  carrying costs. †¢Distribution should be oriented in the regional  vicinity of the operation and implement largerclinics.In addition, only emergency clinics are to be targeted. Current opportunities are favorable for Oxyglobin’s launch. Situation Analysis I. Human blood market. †¢Patients with acute blood loss from  trauma  and surgery – 40% individuals aged 65+. †¢Chronic anemia  patients (any age) – 1. 5 million for the year 1995. †¢Blood loss, resulting from trauma (e. g. car accident) and exceeding 2-3 units (1 unit = 10% of  total blood content of human body) needs immediate  blood transfusion. †¢Price is largely cost-based (storage, implementation) – blood donation is free.Existing options. †¢Red  blood cells  and their components (hemoglobin, platelets, and plasma) are  collected viadonations, organized by blood collection centers and  then transfused into patients. †¢Current options allow for storage for 6  weeks in refrigerated conditions, consequently disposed of  if unused. Hemoglobin uses oxygen-carrying efficiency by 50% if not used  within the first few weeks. †¢Blood transfusion is subject to blood typing (A, B,  AB, O, positive, negative) andreception/rejection by the body. Incorrect matching may be fatal  for the patient. Infection risks slow down the process of  testing blood prior to its use and are  greater if blood isnot separated into components. Infections include the risks of AIDS, hepatitis B,  and contamination. †¢Blood transfusion is available on-site only (hospital or emergency room); as a  result, 30% traumapatients die prior to operation. †¢Blood supply is lower than demand, especially during peak periods (summer  months and winterholidays, during which car and other travel increases ? fewer donors and more patients). Blood substitutes. †¢3 companies in final stages awaiting FDA  approval (clinical testing). Entrance into market is difficult (all current processes patented) and  time-consuming – may takeup to 17 years (See case Exhibit 3). Potential to replace current blood drawing process by  component separation and purification, aswell as chemical modification and stabilization of hemoglobin. Reduced risk of contamination and increased storage capability of 2 years. Added benefits for patients with constricted or restricted blood vessels (smaller size improvedaccessibility to organs). Possibility of adapting animal blood cells for use in  humans. Risk of toxicity and body rejection (sped up  excretion). Competitors/industry players .A. Baxter &  Northfield Laboratories. †¢Both rely on human blood supply to  derive hemoglobin. †¢Red blood cells obtained from expired banks. †¢Require refrigeration. Baxter: †¢Leader in development and manufacturing of blood-oriented medical equipment. †¢Large facility – production capacity of 1 million units/year, spent $250  million on R&D. †¢Product – HemAssist – to be  priced between $600-$800. Northfield: †¢ Small facility –  10,000-unit production capability but possible expansion into  300,000 units/year. Focus on single product (PolyHeme), $70 million spent on development. B. Biopure Corporation. †¢Specializes in protein purification for pharmaceutical use. †¢Hemopure 2 years away from final approval. †¢Derived from the blood of cattle. †¢Production capacity of 150,000 but  possible production limitations due to expected concurrentusage of production equipment for animal version. †¢Need for removal of  hemoglobin clusters from product? excess process in  production ability. †¢Cost for Biopure at $1. 50 per unit of animal blood, but plan to match Baxter’s price for finalconsumer product.II. Animal blood market. †¢Mainly cats (35%) and dogs (50%). †¢800 dogs were brought to emergency  treatment due to acute blood loss in 1995,  2. 5% severe. Existing options. †¢15,000 veterinary clinics. †¢5% of vet clinics p erform emergency care, with a 75% referral rate from primary care  clinics. †¢Current blood banks insufficient, demand greatly exceeds supply: 2. 5 out of 30  cases treated. †¢93% blood drawn from donor animals (78%  in emergencies) – an ethically questionable practice. †¢150 units of blood transfused per emergency care, 17 per  primary care center (Appendix A). No effective blood typing or cross-matching systems. †¢Blood collection, storage, and transfusion too costly for proper operation. †¢Current cost of clinical care  to animal owners relatively high, undesirable. ? 84% doctor dissatisfaction with current alternatives. Blood substitutes. †¢Biopure’s Oxyglobin currently the only existing  FDA-approved substitute ready for launch. †¢No evident chemical difference in the  production process between animal and human supplement. †¢Animal supplement approved sooner than human equivalent due to less-strict regulations in theanimal consumer market. Production capacity of 300,000 units, $200 million spent on development (combined withHemopure) Marketing Plan for OxyglobinPositioning strategy. Most animal owners (enthusiasts) can be  assumed to be within the middle to  upperincome class, based on the extraneous costs of owning an animal (refer to case Exhibit 8 for a summary of  average costs of keeping a  pet). However, many consumers proved to be  price-conscious about spendingadditional funds on optional services (this will be analyzed further in the  pricing strategy); therefore, nopremium strategy should be used.The product should be positioned as  a high-quality supplement forblood transfusion, available to (affordable by) most animal owners. Pricing strategy. As cited, animal  owners expect to spend limited amounts of money on  animal care; thisis slightly different for emergency situations, where customers are willing to spend more,  as demonstratedby the survey results (Exhibit 8; Table B). The typical cost of a  blood transfusion to the customer iscurrently $100 for the traditional method; however, this price was  said to have been cost-unjustified.Still,veterinarians were cited as the  trusted source for determining a patient’s treatment selection, which putspressure on the new substitute segment to set  a competitive price standard. While profit margins mayprove higher on a higher-priced item, the  product’s sensitivity to reputation for being a supposedlyâ€Å"better, cheaper alternative† to currently available options, which would satisfy the currently largely-unfulfilled demand for blood transfusion, would pressure Biopure to price its Oxyglobin according tocustomer expectations (See â€Å"Existing options†, page 5 of this report).Those expectations, as  we can seefrom the attached appendix (Appendix 1 A and B), are that the price to the consumer be about $200 ($100to the veterinarian – keeping the  50% markup), which would give the company the largest  marginal gainin revenues (higher prices are actually marginal  losses! ), while still retaining the major demand (weconsider emergency care centers more important here,  since they have, proportionally, a much largerdemand than primary care centers).In terms of the  price difference between Oxyglobin and its competitorin the human segment, Baxter, the latter spent $50 million more on R&D than Biopure, so the pricepremium on Baxter can be  justified by higher costs; in addition, Biopure’s per-unit costs are significantlysmaller because it uses cattle blood. In addition, Biopure may price Hemopure slightly higher because of  the extra processing that goes into making it,  as well as the variation in  the segment and target audience(people are willing to spend more on  themselves than on animals). Distribution.Biopure should only target emergency care  practices. Although those only make up 5% of  the overall industry, 75% primary care specialists will refer  an acute blood loss case (such as a trauma)  toone of these centers. Furthermore, Biopure should target large practices (3+ doctors) through regionaldistributors, both of which account for the largest sales in  the industry. Considering the limited volume of  supplies Biopure is going to have, a  national distribution may not be desirable right away, until thecompany at least increases its production capabilities.A regional distributor would be local enough tounderstand the specific needs of its market (e. g. , New England), and a larger vet practice could provemore efficient (and less costly) in  terms of the availability of materials and  the reduction of transfers,thereby also reducing the consumer’s costs and increasing the rate  of success by providing a quicker  service (in other words, it would have more  cases, but more doctors available to  help overall, fewercases per doctor †“ see Exhibit 7).Of course, the drawback is that a large clinic would not be as personal. The 1 million dollar question: Should Oxyglobin be launched? – Yes. †¢Launching early allows for an audience test:? Achieve acclaim/recognition for a break-through discovery that is beneficial because it-Fulfills an unsatisfied/dissatisfied need (better quality blood  transfusion, availability);-Reduces costs to both suppliers and consumers.? Easier entry into secondary (human) market –  Ã¢â‚¬Å"tested on animals† – more trusted  than untestedcompetitors.?Potential to utilize production to full potential (instead of splitting up with Hemopure); later on, dividebased on larger per-unit profit (and  not necessarily the stated 150:300 ratio).? If fails or doesn’t test well: – Would aid in the decision about improving current human version (complete discontinuation notan option due to  the immense initial investment in R&D);- Reduce the shock of having to change both formulas (processes) simultaneously – longer timespan gives better flexibility and more time for testing and improvement – less drastic. Hemopure and Oxyglobin,  although similar in purposes, are meant for two completelydifferent segments; they should not be compared based on price because price expectations aredifferent for humans than they are  for animal needs; the demand for Oxyglobin  is clear andsignificant, while the demand for the same product in the human market is questionable. Therefore, stick with Oxyglobin – which already has the approval – and launch it.

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3.4 - Case Study Example This calls for very careful and prudent credit policies, to avoid losses when clients become bankrupt. The industry operated profitably from 1985 to 1988, but a considerable recession that hit the economy in 1989 caused instability. As a result, the trucking companies lost revenues as manufacturers were reducing their transportation requirements as they cut down their operations. In fact, most of the trucking companies became bankrupt and the few that survived the situation lowered their prices to remain competitive. Although the industry recovered from the recession in 1990s, the transportation industry in southern Ontario remained challenging as there were too many companies competing for few clients. By 2003, albeit the industry experiencing substantial growth, the profit margins remained very low since the prices were still very low. To survive with very low prices, the companies are forced to look for loans so they can operate at high volumes to increase their profits. Besides, the trucking companies maximize the time they spend on the road to increase sales so they can be able to repay the loans and their operating expenses. The Ministry of Transportation of Ontario (MTO) had introduced legislation that required all vehicles used by trucking companies to comply with strict safety standards. The ministry impounded any vehicle that failed to comply with these safety measures. Commercial Equipment Financing (CEF) carefully analyses its borrowers before approving loans, with the aim of increasing the recovery rate. This is particularly very important because the industry is undergoing very tough economic conditions and the chance of a company failing to repay the loan is very high. What CEF looks for can be summarized in terms of ‘4 C’s of Credit’ as analyzed below. The financial History of the borrower is referred to as

Comparing and Contrasting Definitions of Religion Essay

Comparing and Contrasting Definitions of Religion - Essay Example It is the same call that forces human to seek the help of someone Supreme Being at the hour of distress and need. Since the Supreme Being protects humans from disasters, problems and agony, such spiritual experiences increase the level of faith and endorse the trust of humans in the Holy Being. Similarly, illustrious thinker, philosopher and father of Socialism Karl Marx interprets religion as the call of the suppressed stratum of society against the cruelties, injustices and malpractices being inflicted upon them by the ruthless oppressors. Thus, the poor, helpless and downtrodden individuals have belief in some Powerful Being, Which can hear their call and save them from the utter distress they have been undergoing. Since Marxist perspective vehemently condemns exploitation of the haves-not at the hands of the haves, it inter-links every religious, political, social, cultural and economic activity as the by-product of conflict between the social classes at large. It is therefore Marx takes religion as the humble call to High Heavens from the mouth of the oppressed against the oppressor. On the other hand, renowned Austrian psychologist Sigmund Freud declares religion mere an emotional disturbance that can be compared to the fears and anxiety man experiences in his childho od.

Egyptomania Essay Example | Topics and Well Written Essays - 500 words

Egyptomania - Essay Example Egyptomania mainly covers Egypt’s history, its race, state of arts, and the ancient commodities that were dealt in ancient Egypt. Appropriation in Contemporary Art in the Modern Culture Appropriation is the act of borrowing and reusing ancient Egypt’s art in modern culture either to pay tribute or to remember the past. Images of the Egyptian culture include well recognize arts, literature, and images without manipulating their form but by simply capturing them. This results in influence to the modern culture of the arts their architecture popular in the form of pyramid pictures some on the American Dollar. Egyptian themes are incorporated in modern day Islamic religions that are mostly decorated with Egyptian murals. The ancient Egypt is still among us as much of the philosophy originated there from the great philosophers such as Hermes Trismegistus and other ancient elite men from Egypt. These philosophers are believed to have invented world religion that spread all ov er the world due to the activities of movement and interaction habits of ancient Egyptians. Why and How Are Egyptian Motifs Being Appropriated One of the reasons artists choose to appropriate Egyptian motifs is that they are great pieces of work from an ancient creative world. This appropriation has seen its influence in the art of architecture around the world. It is believed that Egypt is still the influence of modern architecture in building as they were the first ones to come up with imperial building designs.

Business Law Essay Example | Topics and Well Written Essays - 1000 words - 1

Business Law - Essay Example The point of sales are located world wide and it is able to sell its digital content via the iBookstore , iTunes , App Store, and the Mac App Store as well. The company came in to being in the year 1977, and is now regarded as the world’s largest companies. The company currently has assets worth over a $70 billion and now has devised huge plans for this years and the upcoming five years as well. As per the annual report filling which is necessary with the Securities Exchange Commission of the United States , the company will be expanding its retail operations and the business. First off the retail business of teh company will be expanded where an approximate investment of about $900 million will be spent as a result of which the total Apple retail outlets will come to be about 357. In China, the company will be taking an initiative to increase the number of stores because this is the region where Apple faces the problem of the fake Apple stores and since the Chinese market is expanding at the same time as well. Some of the stores of Apple will also be replaced , which include inside the United States as well as outside of the region. Approximately $7 billion will also be spent on the production process equipment , the infrastructure facilities if the company and the enhancements of the information systems ,hardware and software technologies as well. With the construction of the new Apple Campus taking place in California, a significant chunk of the revenue of the company will also be allotted to the purpose of the space ship campus. There are massive research facilities , plants and auditoriums being arranged in the campus which will be expanded over the 150 acres of land. Most importantly , there will be significant expenditure on the ‘solar farm’ idea of the company which will be powerhouse of the data center and this is where nearly all the operations of the iCloud will be carried out. Therefore apart from the space ship campus being buil t in Cupertino, there is another facility being constructed for Apple in North Carolina which will be powered by the solar energy. There will be significant amount of investment in the research, manufacture and the marketing of the products as well, where Apple will be introducing new products in the market that are believed to revolutionize the world of technology. Apple will also be taking measures to improve the supply chain and establish a stronger relationship with its manufacturers, Foxconn. Foxconn came under the limelight of controversies due to the below average working conditions that the entity had and therefore Apple is seeking to improve the labor conditions of the Chinese workers whereas at the same time the company is striving to increase the consumer satisfaction as well. In order to achieve this objective, Apple will be paying for half the cost which is involved in making the working conditions better. Therefore the improvements in the supply chain will be followed by making the working conditions of the manufacturers better, which is Foxconn. The expansion policies of the company will have to take under consideration the administration law which is defined as the law body responsible for the governance of the administration agencies’ activities. Apple has been quite in the limelight for the past many years for the patent infringement law suits which have been filed against various companies and the lawsuits filed by other companies on Apple. Some of these

Presentation Essay Example for Free

Presentation Essay First, to ensure the improvement and continued success of my upcoming PC-2 presentation, I should keep in mind the strong points of my previous work, and make a conscious effort to continue them. I must make sure that I continue to be lively, persuasive and enthusiastic. I should also ensure that I prepare well for the upcoming presentation, so as to remain the authority or the expert in what I am discussing. It will also be important to continue the various techniques I used in grabbing and keeping the attention of my audience, and to again arrange my presentation in such a way that the audience stays with me and does not get bored with it. Second, based on the comments of my fellow students, my professor, and from my own observations, here are some things that I can improve on. The first and obvious area that needs improvement is with regard the technical aspect of my presentation. I will need to get better equipment (I. e. new web/video cam, sound recording devices) to ensure that my audience sees and hears my presentation clearly. All my hard work and preparation will be put to waste if no one will be able to properly view my work. Second, I will have to improve the place where I shoot or record my video presentation, as my previous area was a distraction to some, if not most of my audience. Perhaps I can use a more professional setting, or at least something which will not distract and divert the attention of my audience from my presentation. Next, I think I can also improve on some of my unconscious mannerisms while doing the presentation. As pointed out, there were instances when I was moving my chair back and forth, which distracted my audience. I should make a more conscious effort to be aware of these mannerisms, and perhaps to do the presentation while standing up, which will help in making my over-all appearance more persuasive and assertive. Lastly, in the end, nothing compares to a good preparation an planning of the presentation to ensure its success.

Are Humans Naturally Violent?

Are Humans Naturally Violent? Its evident that most human beings think that war can never be avoided and for these reason many of the societal ideas have been based on the concept that violence is part of human nature. Human social, scientific thinking, religious and political ideas are basically based on idea that every person is born a killer. Violence is much in us that its rarely questioned by the society and other people. As human we tend to look for the cause of evil things or those that are considered to be vile for instance violence as we fail to look for the cause of the good things that are happening around us. Violence is thought to be caused by frustration and this is best explained by the aggression theory. For these reason one of the many questions in the human minds is how violence became part of us (Senker and Gifford 8). Violence is one of the prominent things in our civilization. Smell of war and violence has left its victims confused about what they might have done to deserve such a harsh treatment. As those who caused the much affliction and pain to humanity defend themselves by saying that was all that they had to do; we cant help it but wonder if violence is truly inborn in us. Despite the fact that violence is one of the best way that is applied by human to cover their inner emptiness and frustration it usually brings more harm than any good. For example those who have been victims of bombing and war are usually left with a scar that can never disappear or heal. Its very painful and difficult to loose your whole family in war and this are some of the daily happenings in our society (Kurtz and Turpin 100). Despite the controversies and argument surrounding these concept there are organizations which have come up with some evidence to dispel the concept of violence being perceived as innate human trait. For example UNESCO came up with a statement to oppose these belief and they further planned to incorporate their research into the student curriculum in order to mould the young people in the rightful way. Sigmund Freud argues that there is a spontaneous and natural aggression energy which is reserved within humans. And in order to avoid harmful deeds he recommends that one should do competitive sports more often in order for this energy to be removed. Freud argues that those who do not do exercise are more likely to indulge into violence as a way of removing the extra energy (Senker and Gifford 10). Many have regarded this model to be false since other behaviorist have indicated that the origin of violence is something which is external as opposed to internal stimulant. Some irritant external factors are thought to stimulate violent deeds and behavior. They support this fact by the aspect that many communities live quite well without any form of aggression and secondly he argues that there is no evidence to prove that there exists an in build pressure within people that makes them to behave violently. On the contrary if its true that there is energy that accumulates within us then we are not supposed to be aggressive as Aristotle indicates in his theory. Research that has been done indicate that people become violent by consistently watching or taking part in violent deeds. This is attributed to the fact that engagement in aggressive deeds enables one to react aggressively therefore if one has not accumulated violent scenes in his mind as a result of watching or practicing viole nt deeds they cannot become violent. Scientist concluded in 1986 that there is no scientific evidence to prove that aggression and violence is inborn. Despite the fact that it cannot be scientifically proven whether men are naturally violant the belief of the same is strongly held by our society. Some argue that animals are naturally violent and since we share the same ancestral line we cannot alienate ourselves from this truth. Our history has many stories about war, and cruelty and at the same point the physiologist has indicated that our brains have some hormones that are related to aggression and for these reason biologically man is created violent. Its important for humans to draw a line between themselves and animals since human beings are very complex than animals. There are many aspects that are in humans which are absent in animals. For example humans have the ability to reason whereas animals are not in a position to critically reason (Kurtz and Turpin 57). In spite the fact that science informs us about our ancestry we should not limit our mind to the actions of animals. Lets not allow the animal behavior to influence our actions as a society. For these reason we should not allow our instincts to influence us the same way animals are influenced. When we are violent because our relatives which are animals are also violent then we are not using the knowledge that we were given as humans. On the other hand animal are not very violent as many think unless they equate hunting to violence. Animals rare form aggression groups and if this actually happen it must be as a result of the circumstance animals found themselves in or because of the environment. Among the humans there is violate behavior but that does not give us the reason to belief that violence is innate. Therefore its important for us to realize that by the fact that something is universal done does not mean that its natural and innate. For instance, by the fact that several commu nities may be producing pottery is not an indication that there is a pottery gene in that community (Baumeister and Bushman 306). Therefore aggression is not a universal thing since there are some cultures which are peaceful. For these reason humans are not born violent simply because not all people are violent. Its also true that men who are very primitive are not war like; war like character has increased among the modern men. One can choose to be violent or peaceful and a good example is Sweden which in the past years was a violent nation but at the moments its rated among peaceful industrialized nation. On addition violence and war has a lot to do with politics, personal interest as well as the social setting therefore this practice has little to do with nature. The fact that war is a dominant aspect of our history does not men that war is part of a humane nature. Therefore whether we believe that we are naturally violent or not its our decision. The belief is still rooted in our society and the many controversies about the same will still continue. Finally everyone has a responsibility to make a rightful decision. Therefore one can choose to be peaceful or violent because there is much knowledge that is bestowed upon humanity to make the rightful decision. Our bad choices and character should not be excused in the name of nature because them that succumb of this ill remain in a state of confusion as they keep wondering about the turn of things. Life is precious and peace is a wonderful experience that every sensible person may ever long for (Baumeister and Bushman 304). Work cited Cath Senker and Clive Gifford. Violence on the Screen. New York, NY: Evans Brothers, 2010. Roy Baumeister Brad Bushman. Social Psychology and Human Nature. London,UK: Cengage Learning, 2007. Kurtz Lester Jennifer Turpin. Encyclopedia of violence, peace conflict. New York, NY: Academic Press, 1999.

Health Risks Associated with the Atkins Diet :: Healthy Lifestyle Essay

Health Risks Associated with the Atkins Diet Low carbohydrate and high fat and protein diets such as the Atkins Diet are very bad for one's health in the long run. The Atkins Diet stresses to steer clear of foods that contain many carbohydrates such as pastas, fruits, vegetables, and breads while instead eating foods such as meats, cheeses, peanuts, and dairy that are high in fat and protein. This eating habit eventually takes a toll on one's health because a certain amount of carbohydrates are a necessity for the body because they are a source of fuel. Also, meats and dairy contain cholesterol and when one eats this food in excess the cholesterol begins to build up in the arteries and blood vessels. This build up can eventually lead to heart disease and various other health risks. Carbohydrates provide energy for the body to function. When these carbohydrates are not eaten the body then burns its stored fat for fuel. As the body's supply of fat diminishes one begins to lose weight. Therefore, the Atkins Diet is successful at making one lose weight in the short term because carbohydrate intake is severely restricted to less than 20 grams per day and will eventually climb to about 40 grams after a few weeks. This "translates to no more than three cups of loosely packed salad or two cups of salad with two-thirds cup of certain cooked vegetables each day" (www.webmd.com). However, the body needs a certain amount of these carbohydrates and after a while of recieving them the body does not function properly. According to Gail Frank, a PhD professor of nutrition at California State University in Long Beach, "The body needs a minimum of carbohydrates for efficient and healthy functioning -- about 150 grams daily" (www.webmd.com). She states that less than 150 grams of carbohydrates disrupts the body's normal metabolic activity. Also, "the brain needs glucose to function efficiently, and it takes a long time to break down fat and protein to get to the brain," (www.webmd.com). Glucose results from carbohydrates or sugar broken down into the bloodstream; but also occurs naturally in fruits and honey. Therefore, the body needs a certain amount of good carbohydrates like fruits and vegetables to stay healthy. High levels of cholesterol in the blood can lead to heart disease.

Overview of the 60`s :: The Sixties American History Essays

Overview of the 60`s missing works cited Many social changes that were addressed in the 1960s are still the issues being confronted today. the '60s was a decade of social and political upheaval. in spite of all the turmoil, there were some positive results: the civil rights revolution, john f. Kennedy's bold vision of a new frontier, and the breathtaking advances in space, helped bring about progress and prosperity. however, much was negative: student and anti-war protest movements, political assassinations, and ghetto riots excited american people and resulted in lack of respect for authority and the law. The decade began under the shadow of the cold war with the soviet union, which was aggravated by the u-2 incident, the berlin wall, and the cuban missile crisis, along with the space race with the ussr. The decade ended under the shadow of the viet nam war, which deeply divided americans and their allies and damaged the country's self- confidence and sense of purpose. Even if you weren't alive during the '60s, you know what they meant when they said, "tune in, turn on, drop out." you know why the nation celebrates Martin luther king, jr.'s birthday. all of the social issues are reflected in today's society: the civil rights movement, the student movement, space exploration, the sexual revolution, the environment, medicine and health, and fun and fashion. The Civil Rights Movement The momentum of the previous decade's civil rights gains led by rev. Martin luther king, jr. carried over into the 1960s. but for most blacks, the tangible results were minimal. only a minuscule percentage of black children actually attended integrated schools, and in the south, "jim crow" practices barred blacks from jobs and public places. New groups and goals were formed, new tactics devised, to push forward for full equality. as often as not, white resistance resulted in violence. this violence spilled across tv screens nationwide. the average, neutral american, after seeing his/her tv screen, turned into a civil rights supporter. Black unity and white support continued to grow. in 1962, with the first large-scale public protest against racial discrimination, rev. Martin luther king, jr. Gave a dramatic and inspirational speech in washington, d.c. After a long march of thousands to the capital. the possibility of riot and bloodshed was always there, but the marchers took that chance so that they could accept the responsibilities of first class citizens. "the negro," King said in this speech, "lives on a lonely island of poverty in the midst of a vast ocean of material prosperity and finds himself an exile in his own land." King continued stolidly: "it would be

Free College Essays - Hester as Role Model in Hawthornes The Scarlet Letter :: Scarlet Letter essays

The Scarlet Letter – Hester as Community Role Model â€Å"Woman, it is thy badge of shame!" (107). Governor Bellingham was describing the scarlet letter to Hester while they were discussing if the punishments that Hester had to go through were adequate enough for the crime. Hester was living in the outskirts of the city in a small abandoned cottage for several years with the only thing that had any monetary value in her life, her child and the product of committing adultery, Pearl. She and her little Pearl were shunned from the community for her acts. In the Scarlet Letter by Nathaniel Hawthorne, Hester is punished in more than one way, and she is able to deal with it openly so the community will, over time, forgive her. The most obvious subject of punishment that Hester had to cope with is wearing the scarlet letter. "By the point which drew all eyes and, as it were, transfigured the wearer. . . was the scarlet letter, so fantastically embroidered and illuminated upon her bosom" (51-52). Hester wrought the scarlet letter before she stood on the scaffold. When Pearl asks her why she wears the letter she replies that she wears it for its gold thread. Hester wears the letter for many years, even after the people in the community care anymore, so that she will be fully forgiven for her sin. In the beginning of the story, Hester is faced with serving the temporary part of her sentence, standing on the scaffold in front of the whole town. "It was a circumstance to be noted, on the summer morning when our story begins its course, that the women of whom there were several in the crowd, appeared to take a peculiar interest in whatever penal infliction might be expected to ensue" (48). The citizens of the town had gathered to criticize Hester as she stood on the scaffold, and many of the town’s women were discussing the simplicity of Hester’s sentence, since the usual punishment for committing adultery is the death penalty. Although she had to put up with the remarks about her for three hours while she was standing on the scaffold, the ridicule followed for many years to come. Hester and her daughter were thought upon as sinners long after Hester had served her sentence.

Economy: Monetary Policy and Read Ch.

ASSIGNMENTS Weekly Point Values ASSIGNMENTS |Due |Points | |Individual (70%) | |   | |Fundamentals of Macroeconomics Paper |Week 2 |15 | |Federal Reserve Presentation |Week 4 |15 | |International Trade and Finance Speech |Week 5 |10 | |Final Examination |Week 5 |15 | |Participation (3 points/class) |All |15 | |Student End of Course Surveys (SEOCS) |Week 4-5 |– | |Learning Team (30%) | |   | |Learning Team Charter |Week 2 |– | |Weekly Reflection |Week 2 |3 | |Aggregate Demand and Supply Models |Week 3 |14 | |Weekly Reflection |Week 3 |3 | |Weekly Reflection |Week 4 |3 | |Fiscal Policy Paper |Week 5 |7 | |Learning Team Evaluation |Week 5 |– | |Total | |100 | |Week One: Fundamentals of Macroeconomics | | |Details |Due |Points | |Objectives |Explain the economic interaction of resources among households, government, and business. | | | | |Describe gross domestic product, inflation rate, unemployment rate, and interest rate. | | | |Identify sources of histori cal economic data and economic forecasts. | | | |Reading |Read Ch. 1 of Macroeconomics. | | | |Reading |Read Ch. 2 of Macroeconomics. | | | |Reading |Read Ch. 6 of Macroeconomics. | | | |Reading |Read Ch. 7 of Macroeconomics. | | | |Reading |Read Ch. 8 of Macroeconomics. | | | |Reading |Read this week’s Electronic Reserve Readings. | | |Participation |Participate in class discussion. |11/26/12 |3 | |Discussion Questions |Respond to weekly discussion questions. | | | |Week Two: Aggregate Demand and Supply Models | | |Details |Due |Points | |Objectives | | | | |Analyze the impact of various factors on aggregate demand and supply. | | | | |Evaluate the effectiveness of changes in fiscal policies using Keynesian and Classical | | | | |models. | | | |Reading |Read Ch. 10 of Macroeconomics. | | | |Reading |Read Ch. 12 of Macroeconomics. | | | |Participation |Participate in class discussion. |12/03/12 |3 | |Discussion Questions |Respond to weekly discussion questions. | | |Indivi dual |Resource: Figure 3-1 in Ch. 3 of Macroeconomics. |12/03/12 |15 | |Fundamentals of | | | | |Macroeconomics Paper |Part 1 | | | | | | | | | |Describe the following terms in your words. | | | | | | | | |Gross domestic product (GDP) | | | | |Real GDP | | | | |Nominal GDP | | | | |Unemployment rate | | | | |Inflation rate | | | |Interest rate | | | | | | | | | |Part 2 | | | | | | | | | |Consider the following examples of economic activities: | | | | | | | | | |Purchasing of groceries | | | | |Massive layoff of employees | | | | |Decrease in taxes | | | | | | | | | |Describe how each of these activities affects government, households, and businesses. | | | | |Describe the flow of resources from one entity to another for each activity. | | | | | | | | | |Write a 750- to 1,250-word paper summarizing the results. | | |Learning Team |Develop a list of resources you might use to gather historical economic data as well as |12/03/12 |3 | |Weekly Reflection |economic forecast dat a. | | | | | | | | | |Explain how and why each source is valuable and useful. | | | | | | | | | |Identify any quantitative or qualitative forecasting factors contained in the sources. | | | | | | | | |Discuss this week’s objectives with your team. Your discussion should include the topics you| | | | |feel comfortable with, any topics you struggled with, and how the weekly topics relate to | | | | |application in your field. | | | | | | | | | |Write a 350- to 700-word paper that details your team's findings. | | | Week Three: Monetary Policy | | |Details |Due |Points | |Objectives | | | | | |Assess the factors contributing to the establishment of general and specific rates of | | | | |interest. | | | | |Explain the role of the Federal Reserve System in designing and implementing U. S. onetary | | | | |policies. | | | | |Analyze how the money multiplier effect facilitates the creation of money. | | | |Reading |Read Ch. 11 of Macroeconomics. | | | |Reading |Read Ch. 13 of Ma croeconomics. | | | |Reading |Read Ch. 14 of Macroeconomics. | | | |Participation |Participate in class discussion. |12/10/12 |3 | |Discussion Questions |Respond to weekly discussion questions. | | |Learning Team |For this assignment, you will choose from the following options: |12/10/12 |14 | |Aggregate Demand and | | | | |Supply Models |Option 1: Economic Advisement Paper | | | | |Option 2: Economic Critique | | | | | | | | | |Read the instructions in the University of Phoenix Material: Aggregate Demand and Supply | | | | |Models located on the student website and select one option to complete the assignment. | | | |Learning Team |Discuss this week’s objectives with your team.Your discussion should include the topics you |12/10/12 |3 | |Weekly Reflection |feel comfortable with, any topics you struggled with, and how the weekly topics relate to | | | | |application in your field. | | | | | | | | | |Write a 350- to 700- word paper detailing the findings of your discussion. | | | |Week Four: Fiscal Policy – Politics, Deficits, and Debt | | Details |Due |Points | |Objectives | | | | | |Analyze the influence of deficit, surplus, and debt on the health of the U. S. macroeconomy. | | | |Reading |Read Ch. 17 of Macroeconomics. | | | |Reading |Read Ch. 18 of Macroeconomics. | | | |Participation |Participate in class discussion. |12/17/12 |3 | |Discussion Questions |Respond to weekly discussion questions. | | |Individual |Your boss has chosen you to give a presentation to a number of foreign officials regarding |12/17/12 |15 | |Federal Reserve |the United States Federal Reserve System. These officials are very interested in doing | | | |Presentation |business in the United States, but they would like to learn more about the Fed, how it | | | | |operates and how its actions may affect their business. | | | | | | | | | |Develop a 5- to 10-slide Microsoft ® PowerPoint ® presentation. | | | | | | | | |Address the following questions and include a not es page which contains the write-up portion | | | | |to each question: | | | | | | | | | |What are the factors that would influence the Federal Reserve in adjusting the discount rate? | | | |How does the discount rate affect the decisions of banks in setting their specific interest | | | | |rates? | | | | |How does monetary policy control the money supply and inflation? | | | | |How does a stimulus program (through the money multiplier) affect the money supply? | | | | |What current indictors are evident that there is too much or too little money within the | | | | |economy and how is monetary policy aiming to adjust this? | | | | |How do the above factors impact individual businesses? | | |Learning Team |Discuss this week’s objectives with your team. Your discussion should include the topics you |12/17/12 |3 | |Weekly Reflection |feel comfortable with, any topics you struggled with, and how the weekly topics relate to | | | | |application in your field. | | | | | | | | | |Pr epare a 350- to 700- word paper detailing the findings of your discussion. | | | Week Five: International Trade and Finance | | |Details |Due |Points | |Objectives | | | | | |Analyze the effects of international trade on the U. S. macroeconomy. | | | | |Explain how foreign exchange rates are determined. | | | | |Analyze the impact of trade restrictions, tariffs, and quotas on the U. S. macroeconomy. | | | |Reading |Read Ch. 19 of Macroeconomics. | | | |Reading |Read Ch. 20 of Macroeconomics. | | |Reading |Read Ch. 21 of Macroeconomics. | | | |Participation |Participate in class discussion. |01/07/13 |3 | |Discussion Questions |Respond to weekly discussion questions. | | | |Individual |Resources: Macroeconomics |01/07/13 |15 | |Final Examination | | | | | |Click the link to the Final Examination on your student website. | | | | | | | | |Complete the Final Examination. You are allowed one attempt to complete the exam, which is | | | | |timed and must be completed in 3 hours. Results are auto graded and sent to your instructor. | | | | | | | | | |Note. Final Examination questions are adapted from Macroeconomics. | | | |Individual |Assume that you have been appointed as the Speaker of the House.You must deliver a speech |01/07/13 |10 | |International Trade and |about the current state of the U. S. macroeconomy to a number of amateur reporters who are | | | |Finance Speech |unfamiliar with economics. | | | | | | | | | |Prepare a 700- to 1,050-word speech in simple terms and concepts that focus on international | | | | |trade and foreign exchange rates. | | | | | | | | |Integrate a summary of your answers to the following questions and cite external research to| | | | |further justify your facts: | | | | | | | | | |What happens when there is a surplus of imports brought into the U. S.? Cite a specific | | | | |example of a product with an import surplus, and the impact that has on the U. S. businesses | | | | |and consumers involved. | | | | | | | | |What are the effects of international trade to GDP, domestic markets and university students? | | | | | | | | | |How do government choices in regards to tariffs and quotas affect international relations and| | | | |trade? | | | | | | | | |What are foreign exchange rates? How are they determined? | | | | | | | | | |Why doesn’t the U. S. simply restrict all goods coming in from China? Why can’t the U. S. just | | | | |minimize the amount of imports coming in from all other countries? | | | |Learning Team |Discuss within your Learning Team how and why the U. S. s deficit, surplus and debt have an |01/07/13 |7 | |Fiscal Policy Paper |effect on the following: | | | | | | | | | |Tax payers | | | | |Future Social Security and Medicare users | | | | |Unemployed individuals | | | | |University of Phoenix student | | | | |The United State’s financial reputation on an international level | | | | |A domestic automotive manufacturing (exporter) | | | | |An Italian clothing company (impo rter) | | | | |GDP | | | | | | | | | |Write a 500- to 700-word paper summarizing the results. | | | Optional Discussion Questions Week One Discussion Questions †¢ Why is economics considered a social science? What role does economics play in your personal and professional lives? †¢ What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U. S. GDP being manipulated? Explain your answer. †¢ What are the different types of unemployment? How do they affect the economy in terms of growth, labor force, and price of labor? Cite specific examples to support your response. Identify economic factors that affect the real GDP, the unemployment rate, the inflation rate, and a key interest rate. How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might yo ur organization be affected by these changes? Week Two Discussion Questions †¢ Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why? †¢ Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation?What is their solution for stabilizing economic fluctuations? Why do they believe changes in government spending affect the economy differently than changes in income taxes? †¢ In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example. †¢ What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization? Week Three Discussion Questions †¢ What are the uses of money? How do commercial banks and Federal banks create money?Is monetary policy conducted independently in the United States? Explain your answer. Is it important for monetary policy to remain independent from all parties? Why or why not? †¢ What is the difference between contractionary and expansionary monetary policy? What is the intention of each policy under a depression, recession, or robust economy? Which type of monetary policy is more appropriate today and why? †¢ What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net buyer of government bonds.Why would the government implement a stimulus program into the economy? †¢ Rank the factors that contribute to the discount interest rate from most important to least important. Justify your rankings. Week Four Discussion Questions à ¢â‚¬ ¢ How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods? †¢ How does a government budget surplus affect the U. S. economy? Identify two periods in recent history in which the United States has run budget surpluses. What were the reasons for the surpluses during those time periods? What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why? †¢ What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer. Week Five Discussion Questions †¢ Explain how foreign exchange rates are determined. How do changes in interest rates, inflation, productivity, and income affect exchange rates? What are the advantages and disadvantages of a weak versus a strong dollar for imports, exports, international and domestic markets? †¢ Who benefits from a tariff or quota? Who loses?Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy? †¢ What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses affect the industry in which you work? †¢ Why are trade agreements important for the various countries involved? How is international trade related to the U. S. standard of living as opposed to the standard of living of a small industrial nation or a developing nation? How does international trade affect a country’s standard of living? What impact does it have on the way Americans live life, spend, consume, and so on.?

British Sky Broadcasting Limited Essay

The share price calculated for BskyB using the residual income valuation model is  £ 3.72, which is  £ 5.64 below the market share price of around  £ 9.36. Reason for such depleted share price is that the profits reported by BskyB are not showing the impact of the equity capital and hence valuing the BskyB stock on the basis of reported profit for the period doesn’t show the true and fair view of BskyB share price. The price calculate by using the residual income valuation model is showing that how the cost of equity capital has affected the profits of BskyB and thus reporting a decreased value of the company and for the share price as well. Operating income predicted on the basis of the growth rate is showing a constant increase in the operating income in the future period. It is very important for BskyB to achieve a higher rate of growth in revenues which will ultimately gives rise to the need of investing in BskyB’s operating assets and thus both variables will end up with the increased value of company per share for the next period forecast. As the value of company is equal to the net present value of future cash flows discounted at appropriate rate of return to the investor. So the company should try focusing growth in its revenue rather than expending its business in the UK and around the globe. Return on net operating assets of BskyB is also decreasing in the next three years period. The decrease is miner but this is a sign that BskyB could be in more depressed financial conditions if attention is not paid to the growth rate of revenue. As in the above graph the return on net operating assets has been dropped from 49.00% to 48.99%. As the investors are much interested in the future prospects of the company rather than the historical performance of company. At first instance the investor will forecast the value of its investment and if the investment is generating some additional amount on their investment and if investment is not generating any additional return on it then they will consider the alternative company to invest. Following would be the basic assumptions: 1- The stock price can be predicted by using the residual income valuation model. 2- The relationship of current stock price and between the predicted share prices is significant. 3- Share piece of BskyB calculated using the residual income method divided by the current share price is more reliable and appropriate as compared to the book value of stock divided by the current value of stock. 4- The cost of capital will remain the same in the period under forecast which is 5.73%. 5- Terminal value will grow at the rate of industrial sector growth which is 4.00%. 6- Tax rate will not change. 7- Company will invest continuously in its operating assets. Investment recommendations: 1-As BskyB Vodafone are already partners, Vodafone has its customer base and the BskyB has the numerous type of entertainment and various license for the sports events. Recently the BskyB has announced that for the upcoming soccer league season the company has spent 299 million pound. If company sign a contract with Vodafone to show its direct broadcast to the Vodafone users than it will not only enhance the customer base of BskyB but will also promotes its sport broadcasting channels. (Thomson, 2014) Moreover, this could be more beneficial if the company also provides high speed broad band services to its Vodafone customer on a very cheap rate by introducing some attractive sport events covering packages. As the company has a strong customer base of 4.9 million. This will certainly be increased by taking over this investment opportunity. Because the competitor there is capturing the market share very rapidly (British Telecommunications) and due to BT BskyB has lost 1.5 billion pound of its value in November. So it is much vital for BskyB to maximize the revenue by investing in secure opportunities. (PLUNKETT, 2014) 2- â€Å"British Sky Broadcasting Group Plc, known as BskyB, (BSYBY.PK,BSY.L), Friday said it agreed to invest $8 million in Luminari Capital, a venture capital fund focusing on technology and media startup companies that operate within the theme of innovation in video. This investment is expected to aid Sky to choose relevant startup companies to partner with in the future†. (British Sky To Invest $8 Mln In Luminari Capital – Quick Facts, 2013) As the broadcasting industry needs continuously development and up gradation of its broadcasting technology and thus it will need investment to achieve that level of competitive broadcasting to compete within the industry and make keep its distinctive position in the UK  broadcasting industry. Furthermore, UK film industry has also called for investment from BskyB of 20 million pound annually; this is major part of the annual investment in the UK film industry which signifies the position of BskyB in the UK broadcasting industry. (Macnab, 2014) As the strategy of BskyB has always remain customer focused and the company has always aimed high to serve its customer with its robust and highly innovative broadcasting technology, from a long period the company has reaped the fruits of its consumer focused strategies. So again the company has the opportunity to gain several film licenses by dominating is position to generate considerable cash flows in future. Already the company is the choice of around 40% of the British household and such continuous significant investment opportunities can turn the ship of BskyB around the globe. 3-As the company is in the industry in which it is required to maintain a research and development for its broadcasting equipment. Currently the company pays a large portion of its earning to the supplier for the payment of equipment which it has purchased time to time. If the company invests in such a operating facility which is well equipped and has the capacity to produce the all tangible broadcasting equipment and as it will also have its R&D department then off course it can innovate its products in house and frequently. This will also be considered as separate revenue generating business segment of BskyB which will ultimately increase the company’s potential to increase its revenue in upcoming periods. BskyB can also sell those in house broadcasting equipment to other organizations operating under the umbrella of the broadcasting. More over a company like BskyB must also consider the investing in the other competitors as it has already invested in many other media and broadcasting companies. this will help the company in a manner, if in a certain year the company remains unable to show increase in its revenue it will be compensated by earning revenue from its short term or long term investments. References: Thomson, A. 2014. Vodafone Said to Discuss Sharing Broadband With BSkyB in U.K. [online] 20 January. Available at: http://www.bloomberg.com/news/2014-01-20/vodafone-said-to-discuss-sharing-broadband-with-bskyb-in-u-k-.html [Accessed: 31 March]. PLUNKETT, S. 2014. Vodafone, BSkyB in talks to curb BT’s broadband reach – report. [online] 19 January. Available at: http://uk.reuters.com/article/2014/01/19/uk-vodafone-bskyb-idUKBREA0I09C20140119 [Accessed: 31 March 2014]. British Sky To Invest $8 Mln In Luminari Capital – Quick Facts. 2013. [online] 15 November. Available at: http://www.rttnews.com/2224924/british-sky-to-invest-8-mln-in-luminari-capital-quick-facts.aspx [Accessed: 31 March]. Macnab, G. 2014. UK panel urges broadcasters to invest. [online] 23 January. Available at: http://www.screendaily.com/news/uk-panel-urges-broadcasters-to-invest/5065719.article [Accessed: 31 March].

Impact of Grey Marketing on Indian Economy Essay

â€Å"An unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency Grey marketing (also sometimes known as â€Å"gray market†) involves the trade of legal goods through unauthorized, unofficial, and unintended channels of distribution. Hence, trademarked products are often exported from one country to another and sold by unauthorized individuals or firms. This practice is also often known as parallel importing, product diverting, and even arbitrage, and typically flourishes when a product is in short supply, when manufacturers resort to skimming strategies in specific markets. A good example is the trading of crude oil by an individual. The grey market includes services that are typically unregistered to evade taxes. Perfectly legitimate occupations, such as domestic help, babysitters, part time beauticians and freelancers, may not be registered. Not only is it difficult to detect such defaulters, the punishment is usually mild. For example, even as Apple, Inc., rolled out its latest third-generation iPhone on July 11, 2008, several retail stores throughout the world, including those in China and Thailand, continued to take orders even though this product was not being sold in those markets. Their computer codes were unlocked, so that the phones could be used with different mobile service providers. Even in India, one of the fastest-growing markets for cell phones, Apple delayed the release of the original iPhone until mid-2008, a year after the release in the United States and six months after its release in Europe, because of the fear of grey market sales. A wide range of goods and services have been sold through grey markets, including automobiles, broadcasting delivery, college textbooks, pharmaceuticals, photographic equipment, video games, and even wines. Research has demonstrated that every one of the world’s eight major export regions has experienced grey marketing activity damaging to their operations. Parallel market is further encouraged by periods of war or any other crisis. During harsh political conditions or natural disasters, scarce goods are rationed by the government. People have the tendency to violate restrictions or rationing laws to secure the products they desire. In the United States, grey market goods are prohibited according to Section 526 of the Tariff Act of 1930, which expressly forbids importation of goods of foreign manufacture without permission of the trademark owner. However, the implementation of regulation by the U.S. Customs Service and the courts’ interpretation of the law have not been in line with each other. In a recent study, about 13 percent of the firms in North America have reported some form of grey marketing. A positive outcome of grey markets is that they provide brand-name goods at lower prices to the customer. They can create incremental sales in markets not in direct competition with sanctioned dealers, and sometimes help companies overcome distribution bottlenecks because of local government regulations. Occasionally, it is less expensive to tolerate grey marketing than to shut down the operations completely because of the time and resources required to monitor the violations. Finally, eradicating grey marketing activities can provide a firm with sound marketing intelligence regarding customers in these markets and their buying behavior. On the other hand, the phenomenon obviously also has several drawbacks for companies. It simultaneously undermines the manufacturer’s distribution arrangements and their ability to control quality it creates the dilution of exclusivity and damages existing channel relationships. Official dealers may not choose to offer significant services in order to compete with the grey market price for the product. There is likely to be an erosion of the brand’s global image, and the firm is unlikely to have the ability to use traditional pricing strategies, thus having less control over their overall marketing strategies. 2.According To World Health Organization: 2.1.Parallel Imports: Parallel imports are imports of a patented or trademarked product from a country where it is already marketed. For example, in Mozambique 100 units of Bayer’s ciprofloxacin (500mg) costs US$740, but in India Bayer sells the same drug for US$15 (owing to local generic competition). Mozambique can import the product from India without Bayer’s consent. According to the theory of exhaustion of intellectual property rights, the exclusive right of the patent holder to import the protected product is exhausted, and thus ends, when the product is first launched on the market. When a state or group of states applies this principle of exhaustion of intellectual property rights in a given territory, parallel importation is authorized to all residents in the state in question. In a state that does not recognize this principle, however, only the patent holder who has been registered has the right to import the protected product. Sometimes referred to as â€Å"grey market† imports, parallel imports often takes place when there is differential pricing of the same product – either brand-name or generic drugs – in different markets (usually owing to local manufacturing costs or market conditions). The Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement explicitly states that this practice cannot be challenged under the World Trade Organization (WTO) dispute settlement system and so is effectively a matter of national discretion. Parallel imports can reduce the price of health products and pharmaceuticals by introducing competition. However, they can also affect the negotiation of tiered pricing regimes with pharmaceutical companies. If a private pharmaceutical company agrees to sell a product at a lower price in poor countries, it will need some assurance that the cheaper product will not be imported back into its rich country markets, undercutting its profits (product di version). 3.Grey Marketing by Industry: 3.1. IPO Grey Marketing in India: Cities like Ahmedabad, Kolkata and Rajkot are the most active centers for the IPO (initial public offerings) grey market. Trades done in the grey market are settled on the day of listing. Once the deal is done at a stipulated price, the seller must deliver the shares after he has been allotted the shares by the company. If the seller falls short in receiving the exact number of shares that he has sold in anticipation, then he must buy the shares on the market (once the share is listed) to honor his commitment. Most of the recently-concluded initial public offerings are quoting at a significant premium in the grey market, compared to their issue prices; this means that the issues are perceived to have been underpriced. Many traders short sell in the grey market if they feel that the premium on offer is unwarranted and that the stock may list at a price lower than what most market players expect it to. Though grey-market operators say that there is a constant change in the grey-market premium, it largely depends on the subscription on the last day and the market conditions, post issue closing. 3.1.1. In the stock market, what is the concept of grey marketing? Grey marketing is a trade of something legal but through unofficial and unauthorized distribution channels. In contrast, black marketing is a trade of illegal goods or services through illegal channels. The grey market of goods is to import and sell products through market channels which are not authorized by the manufacturers. It occurs when the prices of a product differ significantly in different countries. The grey market of securities markets and IPO (Initial Public Offer) is to buy and sell the shares to be allotted in the future. Once the trading is done in the grey market at a stipulated price, the seller must deliver the sold number of shares to the buyer on the day of listing to honor the commitment. 3.1.2.Effect of Grey Market Trading on Indian Economy 3.1.2.1Grey Market: Rs. 1L in Reliance Power IPO will earn 9% in 20 days [pic] AHMEDABAD: Reliance Power (REPL) seems to have electrified grey market operations in Ahmedabad with operators willing to shell out as much as Rs. 9,000 for every application of Rs. 1 lakh. In the bustling grey market in Gujarat, such high rates are unheard of. The last benchmark for hectic activity was the Mundra Port and SEZ IPO in November when the grey market started buying applications for Rs. 7,500 in the last stages of the issue. With the REPL offer ready to hit the market on January 15, the grey market is trading the shares and the applications. It basically means that if you have Rs. 1 lakh to invest when the IPO opens, you have a secured 9% return within 20 days of closing of the issue when the stock would be listed. After SEBI cleared REPL’s IPO, grey markets had resumed trading in the stock with premium saudas (trades) at Rs. 340-350 and application buying rate at Rs. 7,500. While the premium has zoomed to Rs. 390-400, the applications rate touched Rs. 9,000 and could break the Rs. 10,000 mark by the time the IPO hits the market, sources said. The excitement on the counter in the grey market has come on the heels of news that REPL will offer 5% discount to retail investors, who will also get an option to pay only 25% of IPO amount at the time of application. 3.1.2.2.Reliance Power IPO: Grey market sees Rs. 2000 crore loss: [pic] AHMEDABAD: The dismal debut of Reliance Power on the bourses may result in losses to the tune of Rs. 2,000 crore in the grey market. Operators also fear a payment crisis as many investors are threatening to hold back payments. Grey market players — both operators and investors — who were expecting the stock to list in the range of Rs. 550-Rs 600 per share, were in shock as Reliance Power opened at Rs. 430 and closed at Rs. 372.50 on its first day on the exchanges. This could also adversely impact the premium transactions in forthcoming IPOs (initial public offers). Ever since the grey market began trading in this IPO, the premium on Reliance Power shares had peaked at Rs. 450 over and above IPO price of Rs. 450 per share. Majority of trading in R-Power IPO in the grey market was done at an average premium of Rs. 300 per share. As the issue closed at Rs. 372.50, most market operators, who had taken huge exposures, have lost Rs. 377 per share. It is estimated the grey market has already taken an exposure of five crore equity shares, leading to losses worth Rs. 1,900 crore. It is also learnt that many investors in Jaipur have refused to honor their payment commitment to grey market operators in Ahmedabad, as the IPO plunged after listing. This could well result in operators losing out on large sums of money and have a cascading effect in the market. 3.1.2.3.Grey market bets big time on DLF IPO: [pic] AHMEDABAD: Only time can tell whether you could get the elusive pit of gold at the end of the DLF IPO rainbow. But, street savvy investors in Gujarat have already started earning a secured 4% return on their investment in the initial public offer of the country’s biggest realty developers, much before the offer hits the market on June 11. Large numbers of investors, who want to earn secured interest earning up to 4%, are selling their IPO applications to grey market operators in Ahmedabad. Although the DLF IPO is opening from May 11, IPO applications are being sold anywhere between Rs. 3,800 and Rs 4,000 for a single application worth Rs. 1 lakh. Activities in the Ahmedabad’s grey market, popularly known as Sakar Bazar, has gradually been heightening as the market enters the final week before a deluge of public offering hit the primary markets. Led by DLF IPO, the next two months could see close to Rs. 50,000 crore being raised from the market. On one hand, the grey market is witnessing huge trading in IPOs, which are yet to be listed on the bourse. On another hand, people are selling their IPO applications to the grey market operators for a secured interest. Even as DLF shares are yet to be listed on the bourse, operators in Ahmedabad’s grey market are trading DLF shares at a premium of Rs 37 to Rs 38 on its issue price of Rs 500-Rs 550. Similarly, Meghmani Organic is fetching a premium of Rs 5 over its issue price. And, it’s not only in the case of these two IPOs. All IPOs are traded in the Ahmedabad grey market, which seems to have a handle on the pricing of IPO listings. It has been found by most market participant of the capital market that majority of the IPOs’ listing prices are normally close to the last trading price of the IPO in the Ahmedabad’s grey market. 4.WINE: The grey market in wine flourishes, particularly in the case of champagne. Many large champagne producers do their own importing, and desire to maintain independent price points in different markets. Thus a bottle of Champagne might cost US$35 in the United States while the same bottle might be only 15 Euros in France. It is often profitable to buy the wine in Europe from an authorized distributor, and resell it in the US. In the case of enormous pricing disparity, it is not uncommon to find a grey-marketed wine selling for less at retail than the wholesale price of the authorized distributor. In the case of a large availability disparity between the US and Europe, the grey market price may be the same or higher than the authorized price. Typically the importer of a wine is the one most concerned about grey market sources. The winemaker may or may not care what happens to the wine after it is sold, although he or she might complain to appease an importer. 4.1.India imports 72,000 cases of wine a year PUNE: The Indian wine market is growing at 30-40% annually and this rate will continue for the next 5-6 years in keeping with global trends. However, the current per person per year consumption of wine in the country is as low as 9-10 ml. The Maharashtra Industrial Development Corporation has mentioned this in its note on the grape wine industry of Maharashtra, based on a report prepared by Rabo International Bank. The highest wine consuming countries such as France and Italy has per person wine consumption as high as 60 to 70 liters annually. Those in China consume four liters, the report stated. Domestically, 80 % of wine consumption is confined to major cities like Mumbai (39 %), Delhi (23 %), Bangalore (9 %) and Goa (9 %) whereas rest of India has only 20 % consumption. The MIDC report further stated that India currently imports 72,000 wine cases (nine liters to a case) a year. About 32,000 of this are bottled at origin and the other 40,000 cases are imported in bulk flexi bags, which are subsequently bottled by Indian wineries. Besides this, about 12,000-15,000 wine cases are sold through the grey market. In 2009-2010, some seven lakh liters of wine worth Rs. 5.92 crore was exported to France, Italy, Germany, US, UK, Singapore and Belgium from Maharashtra. The state had announced its `Maharashtra Grape Processing Industrial Policy 2001†² on September 19, 2001 with wine as an important part of it. According to a report by MIDC, four components are required to make good wine. Those are soil, climate, vines and human factor – that is the people who brew wine. A lot depends on finding the ideal balance between the characteristic of soil, the microclimate and the grape varieties. At present wine grapes are grown on a 7,000 acre area in the state. In 2010 there were a total of 74 wines making units (36 in Nashik, 13 in Sangli, 12 in Pune, 5 in Solapur, 4 in Osmanabad, 3 in Buldana and 1 in Latur district) that had started production in the state. At present, total production of wine in the country is 1.45 crore litres from 90 wineries in the country. Of that, 1.32 crore litres wine is produced by 75 wineries in Maharashtra. The total investment in wineries was Rs 431.71 crore in 2009 which rose to Rs 452.10 crore in 2012. France, Italy, Spain, Germany are the main grape wine producing countries in the world. Nearly 32,000 million litres wine is produced per annum. 5.AUTOMOBILES: Automobile manufacturers segment world markets by territory and price, thus creating a demand for grey import vehicles. In the United Kingdom the term applies to vehicles imported either new from cheaper European countries or from Japanese domestic models imported secondhand from Japan or Singapore, which both have strict laws against older cars. This importation of secondhand models from Japan/Singapore tends to involve sports models that were never released in the UK or models that fetch a high price in the UK due to their performance or status. Although some grey imports are a bargain, some buyers have discovered that their vehicles do not meet British regulations or that parts and service are hard to come by because these cars are different from the versions sold new in the UK. In New Zealand, grey market vehicles comprise a majority of cars in the national fleet. These secondhand imports have achieved ‘normal’ status and are used and serviced without comment throughout society. A huge industry servicing and supplying parts for these vehicles has developed. After years of trying to stop grey imports the car companies themselves have become involved, importing in competition with their own new models. 6.MOBILE HANDSET: iphone Launch gets hit by Grey Marketing: 6.1.Low-cost handsets to get impacted, says industry: Nearly 75 per cent of the currently available mobile handset models in the market could get defunct or redesigned with the Government deciding to bring in new radiation norms for the telecom sector. The Department of Telecom has accepted a proposal by an inter-ministerial committee to lower the permitted radiation in mobile phones by 50 per cent. The move will impact almost all the handset makers, especially those who operate in the low-end segment. 6.2.Handset price: According to the Indian Cellular Association, the new radiation norm will jack up handset price by 5-30 per cent as handset makers will have to make additional investments to meet the new rules. According to the new guidelines, handsets should not have Specific Absorption Rate (SAR) of more than 1.6 watt/kg taken over a volume containing as mass of 1 gram of human issue. This is the same levels allowed in the US. India till now followed the European standards wherein handset makers are allowed to have SAR levels of 2 watt/kg on a 10 gram human issue. Globally, about 1,500 million mobile phones are sold per year out of which more than 80 per cent is sold in countries where European guidelines are followed. In India, there about 10 global brands, another 15-20 Indian brands and more than 4,000 importers who trade in unbranded Chinese phones. â€Å"Most of the handsets under Rs 11,999 which are approximately 645 or so would have to be redesigned. Effectively, this would disrupt the entire operation of more than 88 per cent of the legal handsets sold in the market (the legal market is approximately 70-75 per cent of India’s total volume market). All global brands and domestic brands will get seriously impacted by this,† Mr. Pankaj Mohindroo, President, Indian Cellular Association. 6.3.Chinese handsets: The industry is worried that the new guidelines will have no impact on the Chinese unbranded grey market phones, which is handled by over 4,000 importers with volumes between 3 and 4 million a month. The handset makers fear that the grey market will get a window of opportunity of approximately 6-9 months to rapidly expand their volumes before the branded companies start bringing redesigned phones. â€Å"If the Government is bringing new laws to address concerns of health and security then it should also set up good monitoring. While the branded phones will have to bear the costs to redesign phones, grey market devices will continue to be available without any check,† said Mr. S.N. Rai, Co-founder & Director, Lava International – one of the Indian handset Company. According to ICA, the industry would be able to redesign approximately 100 models in about 6-9 months and 200 in 24 months. There are about 850 handset models available in the market at present. â€Å"The legal industry will never be able to redesign all the models and the availability would constrict to at best 150- 200 models within 18-24 months of implementation of such norms,† Mr. Mohindroo said 6.4.Ultra low-cast models: ICA said that in the case of ultra low-cost handsets, it may not be possible to redesign these handsets and all the models in the ultra low-cost handsets less than Rs 1,500 could get knocked out of the market. Apart from lowering the permitted radiation levels, the new guidelines also make it mandatory for handset makers to display the SAR level on the handset. The DoT is expected to notify the new norms shortly. Keywords: mobile radiation norms, low-cost handsets to get impacted, Specific Absorption Rate (SAR) 6.5.Dark days for mobile grey market: The import duty on mobile phones has been reduced from about 16 per cent to around 4 per cent.Industry participants also believe that the shift from grey market to the legal market is by and large on the account of growing number of mobile retail stores. â€Å"The mobile stores provide accessibility to the consumers. Our mobile stores are at all the visible locations, so consumers can walk in anywhere and get the best deals possible,† said Subhiksha marketing vice-president Mohit Khattar. Industry analysts say that a huge grey market exists because of the differential of around 10 per cent to 25 per cent between legal and grey handset prices.With growing competition in the organized mobile retail market, players are offering products at lower prices. This, in turn, helps counter the grey market and bolsters footfalls in these stores. â€Å"Consumers can buy high-end, genuine branded handsets with guarantee of replacement or repair through the mobile retail stores. Trust is the predominant factor that consumers are turning towards the branded retail stores,† said HotSpot CEO Sanjeev Mahajan. Consumers are opting for accessibility and do not mind paying extra for it. The grey markets operate from a few areas in a city. On the other hand, mobile stores are more easily accessible as they are located in all prominent markets. The growing brand consciousness among the people, analysts say is also propelling the consumers to approach branded mobile retail stores. Mobile phone retail chains like Mobile Store, Mobi Retail, RPG Cellucom, currently account for just 7 percent of the overall mobile handset market, which has a market share of Rs 15,000 crore. â€Å"Currently, the impact of mobile retail stores on the grey market is minimal. However, considering the rapid growth rate of organized mobile retail, its contribution is set to increase in the next 3-4 years,† said retail consultancy Technopak Advisors chairman Arvind Singhal. Though the grey market in mobile phones has reduced, a large (75%) grey market still exists in mobile phone accessories such as batteries and chargers, which are often available at one-tenth the price of company branded accessories . Last year, the mobile phone makers asked finance ministry to reduce 34% duty on imported accessories, but nothing concrete has happened as yet. 7.PHOTOGRAPHIC EQUIPTMENT: Generally regarded as legal in most countries, parallel imports make expensive photographic equipment attractive to savvy users. The grey market in photographic equipment is thriving in highly developed and heavily taxed states like Singapore, with dealers importing directly from lower taxed states and selling at a lower price, creating competition against a local authorised distributor. Grey sets, as colloquially called, are often comparable to authorised imports. Lenses or flash units of parallel imports often only differ by the warranty provided, and since the grey sets were manufactured for another state, photographic equipment manufacturers often offer local warranty, instead of international warranty, which will render grey sets ineligible for warranty claims with the manufacturer. Due to the nature of local warranty, importers of grey sets usually mask the flaw in warranty with their own warranty schemes. These are often warranties with reduced benefits or lasting a shorter period of time. Grey sets do not differ particularly from an authorised import. They look and function identically, apart from the manufacturer’s warranties having been voided. 7.1.Grey market for digital cameras may bite the dust soon: KOLKATA: Grey markets for digital cameras may soon become a thing of past, feel the imaging majors in India. â€Å"It is certainly the year of demise for grey market in compact category, and the sun will set soon in DSLR (Digital Single Lens Reflex) segment,† said Alok Bharadwaj, senior V-P, Canon India. Though being an unorganized sector, it is spread in many metro cities, like in Kolkata, at Metro Galli, Kidderpore, and in Delhi, at Pallika Bazar. â€Å"Earlier, Nikon’s competition was Nikon grey but now the scenario has changed and grey market has shrunk a lot. Its no more a cause for concern,† said Sajjan Kumar, GM, imaging, Nikon India. According to Bharadwaj, the grey market in the country is mostly activated in DSLR segment and it’s roughly around Rs. 250 crore, but since India is the main focus for all the global camera majors and as a consequence of that, the market is also increasing rapidly, which is ultimately causing the death of grey market. â€Å"The general trend amongst consumers is to buy expensive lenses and camera bodies from the grey market at a cheaper rate, but now with most of the players providing the product at a place nearby them, with an extended guarantee period and free memory cards, people are ready to buy it from us officially,† said Kumar. â€Å"More awareness among the consumers and round-the-clock marketing have also stepped up the chances to diminish the grey market,† said Hiroshi Takashina, MD, Nikon India. It may be noted that Nikon India has recently doubled its marketing expenditure to Rs. 120 crore from last year’s Rs 60 crore. Another common feeling amongst the leading camera players is, if government reduces tax on the DSLR bodies, lens, accessories, then the process of erasing grey market will be rapid. â€Å"Currently, the basic duty on lenses and accessories is still at 10%, which makes it a little difficult for us to bring DSLR prices further down, despite a phenomenal growth in the sector,† said a top official of Olympus India. Currently only 1% of Olympus India’s sales is affected by grey market. â€Å"The Comprehensive Economic Partnership Agreement (CEPA) will benefit us surely to cut the excessive costing,† feels Bharadwaj. It may be noted that India and Japan have signed the CEPA Act, under which both the countries will enjoy some trade benefits during the bilateral trade. According to Takashina, India is a price conscious market where 75% of the sales are in the category of cameras priced below Rs.10,000, so with more shopping shop concept and 24 hour customer care backup, it is now more sensible for a customer to buy the gear from official dealers than to go and buy it from the grey market. 8.BROADCASTING: In television and radio broadcasting, grey markets primarily exist in relation to satellite radio and satellite television delivery. The most common form is companies reselling the equipment and services of a provider not licensed to operate in the market. 8.1Industry body opposes levy on TV sets: [pic] NEW DELHI: Consumer electronics industry said on Monday that sale of television sets would be hit and investment flows affected, if government imposes a license fee on TV sets. Also, share of the grey market would go up if such a proposal is accepted, Anoop Kumar president Consumer Electronics and TV Manufacturers Association (Cetma) said.[pic] Government is planning to impose a license fee of 10-15% on purchase price of each TV set, to provide financial help to Prasar Bharati. If the proposed levy is imposed, the level of taxation on TV sets would rise to 45-50% and the share of the grey market will certainly increase, a Cetma official said. When total incidence of taxes on ACs was about 50%, the grey market was more than 80%. With the reduction of taxes, the grey market for ACs has practically disappeared. The increase in the share of grey market for TV sets will ultimately result in loss of revenue to the government, Cetma added. Cetma said any â€Å"additional burden† would result in a major slowdown of the television industry, already reeling under heavy taxes. 9.VIDEO GAMES: Grey markets can sometimes develop for select video game consoles and titles whose demand temporarily outstrips supply and the local shops run out of stock, this happens especially during the holiday season. Other popular items, such as dolls can also be affected. In such situations the grey market price may be considerably higher than the manufacturer’s suggested retail price. Online auction sites such as eBay have contributed to the emergence of the video game grey market. 10.How to control the web of Grey Marketing? In order to reduce the impact of grey market goods, firms can take the following strategies: Enforcement of intellectual property rights Manufacturers or their licensees often seek to enforce trademark or other intellectual-property rights against the grey market. Such rights may be exercised against the import, sale and/or advertisement of grey imports. However, such rights can be limited. Examples of such limitations include the first-sale doctrine in the United States and the doctrine of the exhaustion of rights in the European Union. When grey-market products are advertised on Google, eBay or other legitimate web sites, it is possible to petition for removal of any advertisements that violate trademark or copyright laws. This can be done directly, without the involvement of legal professionals. eBay, for example, will remove listings of such products even in countries where their purchase and use is not against the law. Refusal to supply Manufacturers may refuse to supply distributors and retailers (and with commercial products, customers) that trade in grey-market goods. They may also more broadly limit supplies in markets where prices are low. Refusal to honor warranties Manufacturers may refuse to honor the warranty of an item purchased from grey-market sources, on the grounds that the higher price on the non-grey market reflects a higher level of service. Alternatively, they may provide the warranty service only from the manufacturer’s subsidiary in the intended country of import, not the diverted third country where the grey goods are ultimately sold by the distributor or retailer. This response to the grey market is especially evident in electronics goods. Reliance on regulation Local laws (or customer demand) concerning distribution and packaging (for example, the language on labels, units of measurement, and nutritional disclosure on foodstuffs) can be brought into play, as can national standards certifications for certain goods. Tracing grey-market goods Manufacturers may give the same item different model numbers in different countries, even though the functions of the item are identical, so that they can identify grey imports. Manufacturers can also use batch codes to enable similar tracing of grey imports. Parallel market importers often de-code the product in order to avoid the identification of the supplier. In the United States, courts have decided that decoding which blemishes the product is a material alteration, rendering the product infringed. Parallel market importers have worked around this limitation by developing new removal techniques.