Channel Members Role in Utility Improvement

Channel Members Role in Utility Improvement Porters five forces tool is a recommended tool used to analyze and comprehend areas considered crucial in every business. It helps business to analyze its competitive position, and strength the future business wants to progress.Advertising We will write a custom coursework sample on Channel Members’ Role in Utility Improvement specifically for you for only $16.05 $11/page Learn More When a business identifies where the power is, it can take the fair advantage of a situation of strength and try to work on its weakness. This will make the managers make informed decisions. Porter’s tool gets used commonly when introducing a new product in the market to evaluate whether the product has potential of making a profit. Five forces analysis indicates that there are five distinct but interrelated forces that affect the business competitive performance. These forces are as follows: Supplier power: this is the power when suppliers have to control the price s of goods. The marketer needs to assess how easy the supplier can manipulate the prices of their products. The number of suppliers in each key point mostly affects this. The uniqueness of the products they produce and the cost incurred when one change from using one product to another. Fewer suppliers are capable of manipulating the price easily. The more one needs for supplier they become, the more powerful they are. Buyer power: in this case, one evaluates how easy the buyers are to drive the prices down. This gets determined by the number of buyers and the amount of goods they buy. If a market has few and powerful buyers, the buyers are able to make the firm lower their product prices. Threat of substitution: this occurs when current customers come up with different ways of doing what a manager is selling. If customers are able to come up with powerful products, then the ones currently supplying power get affected.Advertising Looking for coursework on business economics ? Let's see if we can help you! Get your first paper with 15% OFF Learn More Threat of new entry: this is the ease in which new people get involved in the business one is carrying out. New entrants result in competition for customers and raw materials. When the cost to entrance demands little amount of money and time, new entrants will be extremely easy. Functions of marketing channels can be considered to be barriers to allow new entrants in the business. Every marketer needs to have his own marketing channels. The new entrants find it hard to convince the existing market channels to market their goods, which are not well known by the customers. Existing market channels may refuse to stock and deal with the new entrants products, thereby, saving the existing marketers the threats of new entrants. Marketing channels are the key influencer to the price of the goods. This is because marketing channels are the ones who buy the marketers goods in bulky. The amount of goo ds they buy makes them dictate the price at which they have to buy the products. Marketing channels determine the power of wholesalers as suppliers. They dictate to wholesalers the price at which they will buy manufacturers products. They also offer transportation services to wholesalers who buy goods in bulky. They form a link between manufacturer, the wholesalers and the customers. Marketing channels are particularly beneficial to the marketers as they help to minimize the chances of customers to come up with substitutes. This is because marketing channels do add value to the products produced by the manufacturer. The customers get provided with goods in the shortest time possible thus having no need to come up with the substitutes. The channel marketers make customers develop loyalty to the manufacturer products. This is extremely valuable to the manufacturer as it ensures continuous purchase of consumer goods. Channel distributors can be motivated by forming a partnership with t hem. In this case, the company forms an agreement with the channel distributors whereby the company honors the distributors demands. Since the channel distributors enter into business with an aim of making a profit, the marketing managers should honor their demands and provide them with strong support for them to achieve their goals.Advertising We will write a custom coursework sample on Channel Members’ Role in Utility Improvement specifically for you for only $16.05 $11/page Learn More Channels members can be motivated by being provided with free goods. This is beneficial to them because the extra free goods can be used to entice potential customers. They can also be motivated by providing them with bonuses whereby they get rewarded after achieving the marketers’ goals. The marketers can motivate their channel distributors by initiating creative product promotions. This will make them improve their sales and their profit margin. The marketer s can also create sales contests whereby the channel distributors come together, share ideas, and come up with solutions to any challenge they face. The marketer can also motivate channels of distribution by ensuring they are well distributed. This is crucial as it reduces rivalry among them it also ensures that channel distributors are making a decent profit. They can be motivated by conducting visits to them. In these visits, the marketers advice them on product display. They can motivate the channel distributors by training them on how they use the product or preserve them in case they deal with perishable goods. The intermediaries carry out different activities that lead to improvement of utility. Some of these activities include breaking the bulk of goods. This is extremely vital as these leads to meeting customer needs effectively. The channel distributors buy goods in large quantity, which they then divide into small portions, which customers can afford to buy. Channel member s improve the utility by packaging products. This is done when breaking the bulk. They pack the goods in colorful colors, which attract the customers. This attracts customer and lure them to purchase the well-packaged goods. Customers prefer goods, which are attractive to their eyes. This is crucial as it relieves the company the burden of packaging making it concentrate on other issues. A channel member improves utility by storing the stock. This is Important as it helps to maintain a continuous supply of goods to the customers. It also relieves manufacturers the expenditure on renting vast stores to store goods.Advertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Bringing goods closer to the customers. Channels members bring goods closer to the customers. This makes customers shop conveniently. The goods are brought closer to the customers. This is important as the customers are saved the costly expenses of transportation. Channel members play a vital role in utility improvement through product promotion. Through product promotion, they educate the product users, inform them on where to find the manufacturers products and on how to achieve maximum value by using the product well. A channel member adds value to product by branding the products. This helps customers to identify these products well, and this make them develop product loyalty. This makes entry of new marketers hard as they find it hard to convince the existing product users hard to convince to use alternative product. It also makes exit impossible as the firms whose products with significant market share fear that by exiting a new firm may come and reap the benefits they had bee n reaping.

Questions to Help You Choose Your College Major

Questions to Help You Choose Your College Major When you were in high school, everyone wanted to know where you were going to go to college. Now that youre there, everyone wants to know what youre going to major in. If youre having problems deciding, try asking yourself these five questions. What Do I Love? Knowing what really engages you is critically important when picking a major. If you think you want to be a doctor but cant wait until chemistry ends because it means you can head straight to your Shakespeare class, pay attention to that. No matter what major you choose, if youre like everyone else, youll end up changing careers several times during your lifetime. So pick something that speaks to the fire in your belly and that will get you excited, regardless of the context in which its presented. What am I Good At? Do students in your residence hall always come to you for help with their biology homework? Do you always earn rave reviews for your performances or art work? Majoring in something that you have a natural inclination toward can speak to where your interests and skills are, and, if youre particularly skilled in a specific subject, can possibly lead to further study (abroad, in graduate school, or with a fellowship after graduation). What Do I Want to Do? Have you always wanted to be a doctor? A teacher? A lawyer? Dont limit yourself to only doing what is traditional for those fields. If you want to be a doctor but have a love of Spanish literature, make sure you take your pre-med requirements ... and look into majoring in Spanish. Having college goals and exploring your interests along the way can be a bonus on your graduate school applications. Similarly, if you know youve always wanted to work on Wall Street, make sure youre adequately prepared with the coursework youll need to get your foot in the door. Your major and your preparation for a professional field dont always have to be the exact same thing. What Skills Do I Want to Learn? If you love theater and are hoping to pursue it full-time after you graduate, remember to keep in mind the additional skills youll need to do so. If you want to run your own theater company someday, youll need to know about all kinds things about business rules, ethics, marketing, writing, public relations, and customer service. Pick a major that is intellectually interesting and that also provides you with the practical training you may need later. What Life Factors Do I Need to Consider? Many students have additional factors influencing their college choices: family, financial obligations, cultural expectations. While exploring your own path is highly important, its also important to keep in mind that these external forces will have an influence on your post-college life in one way or another. Finding a major that can provide balance for your internal dreams and desires with external expectations can make an overwhelming situation sometimes feel more manageable.

Finish three finance questions Essay Example | Topics and Well Written Essays - 2000 words

Finish three finance questions - Essay Example The recessionary woes prevalent in the country have adversely affected the business of company. As the recession has taken a strong hit on the manufacturing organizations, so has service sector been affected by it. Although revenue has declined by a meager percentage, the profitability of the company has been slashed down by 73.5% during the same year. The operating expenses have themselves decreased by 2.6% on account of declining revenues and a better allocation of resources by management during the period. Exceptional items occurrence in the operating expenses section have trimmed the profitability. They have increased from a tiny ?4.7 Million in 2008 to ?37.4 Million in 2009 which represents an increase of 687% over the period. Finance costs have also painted a dim picture of profitability increasing by 10.28% during the period from CY08 to CY09. The financial burden was magnified because of an increase in exceptional items occurring in the financial charges table which increase from ?4.2 Million to ?11.9 Million. Income taxes paid during the year decreased by 65.3% with the credit going to the inverse effect of exception items on the taxable income. In a nutshell, if we exclude the effects of exceptional items, the profitability has only shrunk by 20%. ... High gross margins of the company depict that the company is operating in service industry. Operating margins have decreased from a hefty 23.6% in CY08 to 17.6% in CY09. Increase in operating expenses has caused the company to bear the brunt of falling profitability. Operating expenses have increased by 8.38% during the calendar year. Incorporating the effect of exceptional items show that operating margins have only declined from 24.3% in CY08 to 22.8% in CY09. The explanation can be attributed to the ground that the company has incurred ?37 million additional in exceptional items under the operating expenses table. Hence, we expect that the future of the company will remain upbeat as these exceptional items will have a limited affect on future operations. Net Profit Margin of Marston group has squeezed from 9.3% in CY08 to 2.5% in CY09. Again, exceptional items are the main culprit to such a large decline in margins. Financial costs have jumped up by 10.3% during the period on acco unt of increasing exceptional items incurred within the financial charges category. Efficiency Analysis Asset turnover ratio decreased from 0.27 in CY08 to 0.265 in CY09. This implies that the company is generating ?0.265 in revenues for every ?1 in its assets. This decline is a result of squeezing out of revenues in FY09, although the impact has also been mitigated by a slight decrease in assets from ?2465.9 to ?2431.3 in CY09. Trade receivables day outstanding has increased from 41 days in CY08 to 45 days in CY09 which implies that receivables are being collected in a higher number of days in the previous year, thus marking a negative sign on efficiency of the company. As the organization is not a manufacturing concern,

Personal Statement for Master's degree Example | Topics and Well Written Essays - 500 words

For Master's degree - Personal Statement Example Since then, I have been striving hard to make this passion turn into reality. As such, I have majored in law in my current Bachelors’ studies, which gives me a good foundation to pursue Master’s in Commercial Law. Additionally, I have attended law-themed seminars and workshops, which have given me invaluable experience regarding the application of law career in real world scenarios. Apart from educational achievements, I am a very active individual, and I participate in sports. I hold several trophies owing to my exceptional performance in swimming and basketball. Hence, as I enrol to study in your institution, I would like to continue participating in these sporting activities and develop my potential further. I also possess various personal qualities that have helped me achieve the success I have so far, and will these continue to enhance my successful study and performance in your institution. I am a dedicated individual with good interpersonal skills, problem-solving skills, entrepreneurial skills, and leadership skills. In addition, I am a disciplined individual with the ability to work in collaboration with fellow students to achieve a set target or goal. These personal attributes are the core of my success, and will ensure that I survive in the challenging and demanding environment that characterize a graduate school, as well as the professional world. My career objective is to pursue a profession that will give me a thrilling experience, as I help people in need of my expertise while at the same time acquire additional knowledge with every case I handle. We live in a dynamic and quickly evolving world where new things emerge with every passing moment. Consequently, these emergences require new policies, laws, and tactics to handle. As such, I would want to be part of the team that spearhead approaches and solutions to new situations that arise in the field of commercial law. I trust Harvard University will

Vouchers, School Choice and the Publics Interest Essay -- Persuasive

School Choice and the Public's Interest Recent trends toward privatizing schools and relieving them of state requirements wrongly imply that schools should mirror the desires of parents and ignore the public's interest in having citizens educated for democracy. Rob Reich, who recently earned his doctorate in philosophy of education at Stanford, is writing a book on school vouchers, charter schools and home schooling. Reich stated his view that the nation is slipping too far into deregulated schooling. "The guiding idea behind privatization, whether it is vouchers, charter schools or home schooling, is that parents should be the sole decision-making agents about the kind of education their children receive. But this eviscerates the public or civic purposes of schooling." Public schooling itself is not the goal, he said, and public schools don't necessarily do better than private schools in educating children to meet the state's interests, which he defined as preparing children for both workforce and democratic participation. Those who joined in the discussion pushed Reich to specify the content of an education for democratic participation. "Some would say reading and writing is enough," he responded. "Personally, I would go a few steps further to say that students should learn to come into dialogue with others on a public stage." Voluntary national standards for civic education suggest "a combination of making sure students know the history and shape of the structure of government, and how to influence public deliberation and policy," he said. Others suggest experience-oriented programs, often called service learning. "My model has been the Socratic dialogue, where the teacher is a leader and p... ...ploded among white, middle-class, religious families who want more control over the values their children are exposed to or who fear for their children's safety, Reich said. "I'm convinced that further privatization is inevitable," he added. Supporters have framed the argument for it as "a civil rights issue or a matter of social justice." he said. "People say President Clinton sent his daughter to private school. If we are serious about social justice, we should give all parents the same choice that wealthy parents have." How would he change the situation? Reich was asked. "I can imagine a variety of institutional arrangements but where private schools are still subject to state oversight," he said. "Perhaps public dollars could flow to them if the curriculum met the state's interests. A democracy has needs, but that doesn't mean public schools have to meet them."

Evaluate The Effectiveness Of Approaches To Teaching And Learning Strategies

Evaluate the effectiveness of approaches to teaching and learning strategies in your subject area in meeting the needs of learners. Your response should include an examination of how these could be improved or enhanced and how college management could be involved in making such improvements / enhancements? For my class it is vital to identify the most appropriate level of the course for the learner. Also, the students should know what exceptions and the regulations they need to follow.For that the college could train staff to present the high quality initial assessment and induction to ensure the management of the class is of high standard. I need to make sure students with different learning styles; visual, aural, reading/writing and kinetics, can meet my learning objectives. The students perform better and learn better with information or in tasks that reflect their particular style of learning, so knowledge of students’ learning styles make the teaching more inclusive.To ad dress these different learning styles I convey information in different ways e. g.  diagrams, speech, text, discussion, practical tasks etc. I use multimedia technologies such as videos or audio, podcasts and screencasts in lectures and make them available on MOLE. I participate in improvement of documents available electronically so that students can modify them to meet their needs and to read at their own pace. I look friendly to make it easier for learners to approach me and explain how their disability might affect the way they learn, as students with dyslexia might have different needs. Also, I plan differentiated activities and a variety of tasks to cater for the needs of individual learners.For example in one lesson, I engage an adult learner, with prolong absence from learning, to practice in a recent and up-to-date science subject area whilst the rest of the class needs to practice in science technical or laboratory area. All these plans require financial support from the College; for example for better quality of the presentation or to provide extra equipment or broad range of assistive technologies and study support. International students and less able learners are more engaged in the class when I use simplified scientific information to meet their needs.Extra lesson, on-line lectures or private tutor provided from college might enhance their learning ability. The IT department might help for the preparation of special learning activities for partially sighted, blind or deaf students. The college should make opportunities for students to receive disability awareness training about equality of opportunity as part of Personal Development Planning. I participate in school training in matters related to disability awareness and support that provide clear relevant resources and guidance.For example I should know how to communicate with a dyslexia learner in a positive way in the context of HE. I regularly participate in departmental or teaching commit tee meetings to discuss and review disabilities issues. I make sure the learners received high quality induction information about the inclusive strategies and I will discuss with college about the reasonable adjustments that should be made for the disabled students within my class, at College or while they are on school trip; for example for their health and safety arrangements in a work placement.If any support teachers or guest lecturers are delivering my scientific sessions I will discuss with head of college to make ensure that they are aware of the needs of disable learners including those with dyslexia. I will also request for right training needed to be given to laboratory assistants and demonstrators to support the disable learners. The college could consider introducing self-supporting study groups for students or facilitating mentoring support from students with dyslexia who are already achieving in a higher year of study.The college might improve learning ability of the less able students by providing a personal digital assistant, a non-medical helper, electronic organiser, laptop or tablet PC with assistive technologies such as text-to-speech and mind mapping software. The college should ensure that lectures, seminars and fieldwork planning activities are supported with good quality handouts and electronic versions. Asthma triggers in the environment might lead to an asthma attack.Ensure that staff are briefed on the health and safety issues for students with asthma, and that these are properly monitored and special attention must be given to the cleanliness of laboratories and workshops. School can allow dyslexia students to use of an amanuensis scribe or a computer in examinations for spell checker and dictation software. It is important to update teaching strategies to support learning and minimise the impact of disabilities including dyslexia. I consider the learners point of view for my range of teaching methods and learning styles. I use wid er range of teaching and learning styles.I use more practical methods of teaching for the learners to make the session more interesting and to engage and motivate learners. For future detailed preparation of the subject area I use feedback that I receive from learners about the changes in my session to identify their style of interest and level of their understanding about my subject area because this will likely to increase their engagement during the lesson. As a result, learners will be more focused during discussions, they will answer the questions correctly and they will be more engaged during the lesson.

The Other Wes Moore Compare And Contrast - 1450 Words

A Small Difference Can Make a Big Impact Humans have come to a conclusion that all lives are different, but all go through many hardships and tragedies. The impact from a slight difference can vary to be very vast to very small, such a slight difference, however, can change a person’s life as a whole. In the book, The Other Wes Moore: One Name, Two Fates by Wes Moore there is a difference that can be identified between the author’s life and that of the other Wes. This difference, though can be very critical and is ultimately able to lead to a path of triumph or failure for an individual. The lack of involvement a mother has for their child can fundamentally deprive them from succeeding, and parent involvement has the opportunity to†¦show more content†¦Through it all there can be a factor/difference that can be daunting in a person’s life and the way they handle it is eventually up to them and will effect in some way, shape, or form. One central differen ce to think about when looking at the two individuals is the fact that Wes has a more supporting mother than Wes (2), in a person’s life a mother is so important and can be looked as a blessing. A mother is the one that supposed to be the person that takes great care of you and guides you, and to teach what’s right from wrong. The author’s mother was much more supportive for her son, Wes acknowledges, â€Å"Every time I looked around at the buildings and the trees and the view of the river, I was reminded of the sacrifices my mother was making to keep me there.† (Moore 52). Due to this quote, we can conclude that Wes’s mother, although struggling at the time, found a way to put her child in the best possible route in education. Wes presents it as kind of an understatement, however, from his mother doing this, it affects his life so much. By being put in a excellent school, it offers many more opportunities than that of the other Wes and he can ga ther a lot more help/exposure to guide him toward a bright future. On the other hand, we have Wes (2) that is lost and seems as if he just can’t find his way, â€Å"Young boys are more likely to believe in themselves if they know that there’s someone, somewhere, who shares that belief. To carry theShow MoreRelatedCompare And Contrast The Other Wes Moore922 Words   |  4 PagesThe Other Wes Moore by Wes Moore, because of how closely connected two men living in Baltimore were. Both men named Wes Moore with a father out of the picture made it an oddly â€Å"small world.† But although they had very similar upbringings, their lives took extremely different paths. Three key differences that make them different are: why their fathers weren’t apart of their lives, what they grew up around, and how their mother’s dealt with troubled kids. Although their lives very similar, Wes andRead MoreEssay on The Other Wes Moore Outline – Compare and Contrast646 Words   |  3 PagesAmber Armfield English 111 Professor Correll March 3, 2015 Paper #2 Outline – Compare and Contrast I. Introduction Paragraph: a. Can two men with similar traits and backgrounds grow up to be completely different? b. In â€Å"The Other Wes Moore† the story shows how the Author Wes Moore and the Other Wes Moore are both similar, but also unmistakably different. â€Å"Your farther wasn’t there because he couldn’t be, my father wasn’t there because he chose not to be. We’re going to mournRead MoreThe Other Wes Moore Essay751 Words   |  4 Pagesauthor, Wes Moore, begins life in a tough Baltimore neighborhood and ends up a Rhodes Scholar, Wall Streeter, White House Fellow, etc. The other Wes Moore starts in the same place in Baltimore but ends up in prison FOR LIFE. The parallels in their stories arent quite as compelling as they may appear initially. For example, the other Wes Moore spends a number of his developmental years living in the Bronx, NY, whereas his namesake never leaves Baltimore and its suburbs. Though Wes MooreRead More Economic Inequality in Toni Cade Bambaras The Lesson Essay1652 Words   |  7 Pagesstruggle with her growing awareness of class inequality. The character Miss Moore introduces the facts of social inequality to a distracted group of city kids, of whom Sylvia, the main character, is the most cynical. Flyboy, Fat Butt, Junebug, Sugar, Rosie, Sylvia and the rest think of Miss Moore as an unsolicited educator, and Sylvia would rather be doing anything else than listening to her. The conflict between Sylvia and Miss Moore, This nappy-head bitch and her goddamn college degree (307), representsRead MoreThe Branch Of Ethics : Ethics921 Words   |  4 Pagesthe importance and without a doubt the legitimacy of the word good is called Meta-ethics, signifying that beyond ethics lies ethical language. 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These actors, musicians, TV hosts and writers all grew up in poor and poverty strickenRead MoreSocial Stratification According to Marx and Weber1163 Words   |  5 Pagesfor its most talented members to be attracted from society and put in the most important roles (Davis and Moore). However, there is a short supply on talent and skill are in short supply and higher skilled jobs need a large amount of training to develop the correct expertise. For example, a five year course of learning and qualifications enables individuals to become doctors. Also Davis and Moore assumed that higher paid jobs are g iven to people on the foundation of their talents when in reality itRead MoreTreatment of World War II Prisioners: Japan vs. United States1280 Words   |  6 Pagestreatment the POWs received. Another interesting thing in learning about POWs is to compare how the prisoners were supposed to be treated (in accordance with international law) and how they were actually treated. Another interesting viewpoint you can look at is to compare how countries treated prisoners differently, and subsequently, their reasoning to justify the treatment. The goal of the paper is to compare the differences in treatment of POWs between the United States and Japan during the SecondRead MoreMsys 111 Test revision 1615 Words   |  7 Pagesï » ¿Msys 111 revision Compare and contast RFID tags and bar codes RFID Radio frequency id technology Can read rdif tags from a greater distance Don’t need to be put in a line of sight with the scanner Can be read at faster rate than bar codes Contain high levels of security Barcodes Traditional visual representation of data. Much smaller and lighter than RFID tags therefore easier to use Less expensive Work with the same accuracy Universal technology Key difference is bar codes are the traditionalRead MoreInstructional Design Models And Learning Theories Are Used After The Needs Of An Organization Essay1156 Words   |  5 Pagessolutions to support the needs of an organization. This paper will discuss the characteristics of the Experiential Learning Model, Attention, Relevance, Confidence, Satisfaction Model, and the Gerlach and Ely Models along with providing a comparison and contrast of these models. Characteristics of ELM, ARCS, and Gerlach and Ely Models Experiential Learning Model (ELM): Based on early work from John Dewey, Kurt Lewin, and Jean Piaget, ELM was developed in 1974 by David A. Kolb and Ron Fry in 1974. This model