English 2 †Literary Response Free Essays

My Singular Irene Literature is, according to me, a way to pundit society and people or the manner in which the world is carrying on. Journalists of Literature compose writing to give another method of seeing things that may be unique in relation to our perspective. At the end of the day, essayists use apparatuses of writing story like: imagery, perspective to help them is making the writing story to be all the more energizing and clear to us, the peruser. We will compose a custom article test on English 2 †Literary Response or then again any comparable theme just for you Request Now The creator causes us to see the fragility or other awful deeds and beneficial things about this life in this world as we rarely observe those things with our own eyes. A Very Old Man With Enormous Wings and My Singular Irene is a generally excellent model for this writing perusing, since it is wealthy in writing idea and gadgets, similar to: imagery or perspective. The principle character in this story is supposed to be distanced, quelled and hushed in the story. I will demonstrate this announcement by retelling the central matter on the story that bolsters this announcement. An exceptionally elderly person alludes to an old blessed messenger that is thrown aground into earth due to failure to stay aware of the overwhelming precipitation. e can see that the blessed messenger is distanced from models that demonstrated this announcement, for example, : †They found the entire neighborhood before the chicken coop playing around with the heavenly attendant, without the smallest reference, hurling him things to eat through the openings in the wire as though he weren’t an extraordinary animal however a carnival creature. †(Gabriel Garci a Marquez 36). the holy messenger is estranged in light of the fact that It is dealt with uniquely in contrast to the others. The others are messing around with the holy messenger instead of associating with the heavenly attendant. The holy messenger is likewise quelled and quieted. There is a citation that shows this announcement: â€Å"Pelayo watch over him throughout the evening from the kitchen, outfitted with his Bailiff’s club, and before hitting the sack he hauled him out of the mud and bolted him up with the hens in the wire chicken coop. †(Gabriel Garcia-Marquez 36). From this announcement, we can determine that the blessed messenger is â€Å"caged† from it’s opportunity and its opportunity is stifled by the confined that Pelayo given it, hence the heavenly attendant is hushed from the opportunity. My Singular Irene is likewise a genuine model for this writing perusing. Irene is rumored to be estranged is valid in this story. Irene is dealt with uniquely in contrast to others. From the story we realize that Ilene’s spouse( the primary individual view in the story) disengaged Irene from the outside world by purchasing Irene over the top expensive â€Å"stuff† to draw Irene to remain in the house confined from the outside world. Irene is additionally aphoristic to be stifled and quieted. We know from the story that Irene is considered as a â€Å"thing† to her better half, since her significant other needs Irene to act like he needs. In this way, so as to fulfill his self image, Irene is hindered and quieted by numerous ways, as: not permitting Irene to go to the outside world, precluding guests to meet Irene. Irene as well, similar to the Angel is obliged from opportunity. A Very Old Man With Enormous Wings and My Singular Irene are a case of story that has an image of contemporary distance and triumph over it. To begin with, I am going to communicate about A Very Old Man With Enormous Wings. The holy messenger in the story is estranged or make aloof. It is gotten from the conduct of the individuals that found the heavenly attendant. It is dealt with like unimportant merchandise than divine figure. Along these lines, the facts confirm that it is a contemporary distance. Later in the story, we realize that the blessed messenger has his most valuable apparatus that can take him back to his celestial status. That device is its wings, when its wings develops back, he quickly jumped up to the sky and applauded its wings and fly to the skyline of opportunity. The heavenly attendant is presumed to be a triumph over distance. Second, My Singular Irene is likewise an image of distance. Irene is additionally made threatening like the heavenly attendant. She is confined or â€Å"caged† by her better half; there is an intriguing point with regards to this story in my perspective. To me, Irene appeared to be dumbfounded or not a living thing. The writer composes the story so that us, perusers, snatches the estrangement topic in the story. Irene is additionally considered as a triumph over distance. There is a citation from the story: Horrifying! Irene changed into an appalling butterfly! I stood up and fell once more, weak at this point. She would leave me; she would take off and leave me. The immense Irene Butterfly grinned at me, decreased, and vanished with the others. I am at the site of the occasions, hanging tight for Irene’s return. She has no arrival. She can't deny me the harmony that her organization consistently offered me. (AlmAnzar, JosE AlcAntara 45) From this citation, I decipher it that Irene’s opportunity does likewise mean she has a higher status in the relationship with her better half at this point. What I implied by higher status of relationship is the one that consistently attempt to get the relationship moving is the one that has a lower status, for this situation, her better half. Irene’s triumph over estrangement is communicated by the creator of Irene change into the most delightful butterfly that can fly anyplace it needs. It is extremely fascinating that these two stories have a comparable thing. The two of them characterize opportunity by flying leaving what ties their approach to opportunity. The accompanying passage beneath recounts to an anecdote about human requirements for individual flexibility and network. There is surely no contention in this world that can be utilized to oppose human requirements for mingling and individual flexibility. Human consistently search out an approach to snatch that opportunity. Realm falls, realm rises, Leader of a group kicks the bucket, and professional killer was conceived. These models are made on account of the need to get and keep up individual flexibility and the capacity to discuss openly with networks of decision. There is a fascinating story underneath those discussions about human’s want for individual freedom. This story is about the battle of African-American people group in the United States to acquire their privilege of individual flexibility and human requirements for sociality. US otherwise called the place that is known for the free and the fearless has been notable for its opportunity. It has a great deal to offer, for example, the ability to speak freely, the option to work, and so on. Be that as it may, rather than those things, there is a little contest inside this incredible nation in the period of bondage. African American is the objective for this issue. African American showed up in the United States as Indentured Servants by means of Jamestown, Virginia in 1619. They could win their supposed â€Å"personal freedom† by functioning as slave to their picked ace. As time passes by, the other larger part in the United States made a direct for slaves called â€Å"Slaves Codes†. This Slave Codes obliged African American in the Unites States from their freedom. They fought for it until the Majority pushes another cruel standard for any slaves that defy its lords. Starting here, we can see human’s requirements for individual flexibility. Human battles for opportunity gambling all that they had, similar to: their lives, treasure, family members. There is additionally an account of a president that battle for part of his citizen’s requirements for individual flexibility, his name was Abraham Lincoln. He was a rancher kid that conceived Feb. 12, 1809, in Hardin County, Kentucky. His folks were both conceived in Virginia. Abraham was notable for his quality and intelligence in cultivating abilities. In not all that long time he started to be well known in the network in light of his abilities in mingling. Not all that long from that point onward, he turned into the leader of the United States. He saw this incredible catastrophe of bondage and expects to abrogate this cataclysm for good. To seek after this individual flexibility, Abraham had experienced a ton of deterrents from his own family until his own resident in the south. Oh dear, not all that long a common war broke out between the north and the south. However, the great consistently wins; Abraham with the North successes the Civil War by tact. What's more, therefore the time of recreation started. Lamentably Abraham was slaughtered by a professional killer in April 14, 1865; Lincoln was murdered at Ford’s Theater in Washington by John Wilkes Booth. This story has enormously depicted to us the significance of human requirement for network and individual flexibility. Taking everything into account, these two stories, My Singular Irene and A Very Old Man With Enormous Wings, enlighten us regarding the significance of individual flexibility and need of cooperation with others. They additionally let us know, regardless of how hard human is pushed to relinquished their individual flexibility; human consistently rises to battle their approach to acquire opportunity despite the fact that they need to risk their lives to accomplish their objective, individual flexibility. Step by step instructions to refer to English 2 †Literary Response, Papers

Literacy Narrative Essay Example | Topics and Well Written Essays - 1250 words - 1

Proficiency Narrative - Essay Example Moreover, learning a language adds up to the spread of proficiency and familiarity with one more angle and, in this way, is useful for the most part to speak with individuals. As an understudy from China, learning the English language posed a couple of issues to me, nonetheless, bit by bit, I had the option to get on well indeed however not without a couple of significant episodes and recollections to recall the procedure by. â€Å"Many who today hear me some place face to face, or on TV, or the individuals who read something I’ve stated, will think I went to class a long ways past the eighth grade. This impression is expected totally to my jail studies.† (Malcolm X) Malcolm X, the famous pioneer of Black America, has been a motivation along my excursion of learning English. His statement recommends that the sky is the limit, in any event, showing oneself an outsider language. As I marked myself for some English talking exercises, I felt energized realizing that I would give myself the chance to dig into another street throughout everyday life and gain proficiency with various new things which could help me some place later on. Additionally, I hold a distinct fascination for perusing and, therefore, learning another dialect implies having double the writing material, if not more, to peruse and pick up information and data. At first, my excitement knew no limits as my teacher started showing me the essentials of the English sentence structure; be that as it may, soon I got tired and started to lose intrigue. With time, it was getting disappointing to gain proficiency with the language since I would regularly stumble on my syntax and commit senseless errors; I would overlook what certain words implied and where and how to utilize them in sentences; and I even got irritated at myself for not having the option to comprehend accents of the English talking individuals living abroad. Notwithstanding, my fantasy about concentrating abroad in an English ta lking condition propped me up and soon I understood exactly how interesting the language was. I started to comprehend chuckling causing things like homonyms and quips, not to overlook referencing lovely axioms and expressions that I started to utilize in my every day discourse. My educator was intrigued with me as I took to perusing books for youngsters in English regardless. My class was brimming with new enthusiasm, the two kids and grown-ups the same, attempting to ace the English language through productions, plays, discoursed, melodies and sonnets. Be that as it may, for my instructor, I would not have been so conversant in the language today; he ensured that we pursued taking part in English plays, watching English motion pictures and tuning in to English music while chiming in so as to reinforce whatever information we had, and to likewise ensure that we would not commit senseless errors while learning. I watched the film ‘My Fair Lady’, which is about a little y oungster attempting to gain proficiency with the modern type of talking in English so as to dazzle individuals from high society and cause them to accept that she fitted in there. That film gave me the inspiration to open my books and practice my discourse increasingly more since it helped me accept that I, as well, at some point, could be as cleaned in the language as she might have been. With time, I understood that watching English motion pictures with their captions was probably the most ideal approaches to learn new sentences and how to utilize them in discourse. Additionally, my educator asked us to watch the news in English so it would likewise assist us with staying in contact with current issues from around the globe and we would have the option to

What Challenges Do You Think the Company Faced in Changing Theculture Essay Example

What Challenges Do You Think the Company Faced in Changing Theculture? Paper What difficulties do you think the organization looked in evolving theculture? Each association has a culture which is an allowance of faith based expectations, values andstandard that set the quality for how representatives are to act, how work is to bedone, and what picture to speak to the world. The Ritz-Carlton has a solid culture while others are less welldefined. Ritz-Carlton witticism â€Å"We are Ladies and Gentlemen serving Ladiesand Gentlemen. As indicated by Simon Cooper, the President and Chief Operating Officer of Ritz-Carlton Hotel Company, LLC, they picked the mottobecause they don’t need their workers to consider themselves a servile;their representatives probably won't have the riches, information or training of theirâ guest yet they do have similar qualities. Cooper included culture keeps thecompany working at significant levels, while keeping it gainful and empowering itto win grants; Ritz-Carlton culture is about the determined and unremittingdesire to convey world class administration. Be that as it may, Ritz-Carlton might be confronted asubstantial challenges if the way of life has change. Here are some of thechallenges: Research When corporate culture no longer backings the business system, change isneeded. Ritz-Carlton may requirements to do a great deal of research to discover why exactlyculture change is essential for them. Other than of that, they additionally need to avoidthe negative impact which may influence employees’ work execution. Work Employees may influenced by the difference in the way of life. For example, theirâ employees probably won't be work productively and may have a negative mentality. We will compose a custom exposition test on What Challenges Do You Think the Company Faced in Changing Theculture? explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on What Challenges Do You Think the Company Faced in Changing Theculture? explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom article test on What Challenges Do You Think the Company Faced in Changing Theculture? explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Besides, workers apprehensive that they may need to do things that theyhave never done or even lose the positions due to the way of life changewhich is the most remarkable controlling power. Ritz-Carlton doesn't ‘hire’employees; they ‘select’ new individuals for the Ritz-Carlton group. Ritz-Carltonselects competitors by taking a gander at their perspectives and qualities, rather than skillsand experience. In the event that up-and-comers have long stretches of understanding yet don't fit in withthe solid help culture, they are basically not chosen. Hierarchical Performance Authoritative execution primarily influenced by its way of life, so there isnecessary to change when the way of life is no longer help the businessstrategy. Before doing as such, Ritz-Carlton ought to investigate, recognize and developthe associations limit with respect to changing the way of life to forestall the chance ofâ image ruined. [pic][pic][pic] [pic][pic][pic][pic][pic][pic][pic][pic][pic] Period of Time Changing of authoritative culture is an on-going and ceaseless processwhich may set aside long stretches of effort to actualize and feel the full advantages. Thusly, changing the way of life might be dull for Ritz-Carlton. What is the Ritz-Carlton doing to keep up this new culture? Organization culture assumes a significant job in keeping up a cultivatingenvironment for representatives which thus causes organization to be at lead in theirâ businesses. As an organization develop, its social qualities are refined andstrengthened. Each association has its own one of a kind culture or worth set. Theculture of the association is normally made unwittingly, in light of thevalues of the top administration or the originators of an association. As per Cooper, an extraordinary worker culture originates from their ladiesand courteous fellows as they call their representatives, being completely occupied with Ritz-Carlton business. Something they attempt to do is to wed up their guestengagement and representative commitment which mean they looking for andfinding the proof that an extraordinary worker brings about an incredible guestexperience. To keep up this new culture, Ritz-Carlton has engaged theirâ employees. There are a couple of techniques that Ritz-Carlton used to maintainthis new culture: Living the Service Values Every director and forefront representative will conveys a trifold pocket card thatbears the title ‘Gold Standards’ yet is alluded to as the ‘Credo Card’. The‘Credo Card’ expressed of 12 assistance esteem rules which expected to helpthem in make the persona to draw in extravagance explorers. The Ritz-Carlton is notalone in make the standards and rules to keep representatives centered oncompany values, anyway the Ritz-Carlton stands separated in how itreinforces the qualities with each worker, consistently. Characterize and Refine This rule is underlines the significance of characterizing the experience youwant client to have with your workers and investigates how to refine theexperience dependent on what is applicable to your clients. Every day each Ritz-Carlton around the globe, workers from every division will assemble tohave 15 minutes of meeting known as ‘line-up’. This day by day line-up is to reviewthe visitor experience, resolve issues, and examine the best approach to improve theservice. Prizes Ritz-Carlton propelling and compensating their representatives, who have exceededtheir desires, outperformed the most significant standard with The Ritz-Carlton IncentiveAwards. Moreover, chiefs give out the Gold Standard Coupons tothose workers who are ‘caught’ fulfilling the lodging guidelines for quality. These coupons can be traded for end of the week lodging at the inn [pic][pic][pic][pic] [pic][pic] or stock in the hotel’s blessing shop. Each quarter, a Five-Star EmployeeAward is conceded; with the victor accepting a five-night remain for two at a Ritz-Carlton anyplace on the planet, alongside tickets to go full circle for two andUS$500 stipend. Engaged through Trust The Ritz-Carlton confides in their representatives and gives them a superior workplaceso that they come to work with a smiley confront and give amazing customerâ service. Convey WOW Stories have the force which persuade, impact and fortify the company’svision, culture and qualities. In the line-up, somebody will peruse the ‘WOW’ storiesof the day. A similar story is shared across inns in 21 nations, forâ example a servant will hear a similar story as a server in Hong Kong. ? There is one family remaining at the Ritz-Carlton of Bali, had conveyed aspecialized eggs and milk for their child who experienced foodallergies. Upon appearance, they found that the eggs had broken and themilk had soured. Administrators and feasting staff looked through the town butcould not locate the suitable things. Notwithstanding, the official chefâ remembered that there is a slow down in Singapore which selling theproducts. So he called his relative, requested that her purchase the productsand fly to Bali to convey to them, which she ready to do. In the above case, the Bali is planned to strengthen the administration estimations of No. 7which is â€Å"use collaboration to address singular issues of our guest†. Give Training Employees who join Ritz-Carlton will have two days of only trainingabout Ritz-Carlton. Workers will have two days of direction whichincludes dinners and eateries and preparing in meeting rooms, they aretreated like a visitor. From that point onward, they will get 30 days of preparing from acertified coach from the office. On day 21, new representatives are asked togive the administration criticism on how they can improve their trainingprogram for future preparing and recertification. Furthermore, every employeewill get a base 130 hours of preparing each year which traverses preparing forâ their office, organization culture, language and PC abilities. Other than ofâ that, each worker will likewise experience yearly recertification after they passwritten test, pretend and meetings on culture and aptitude.

Miranda vs Arizona essays

Miranda versus Arizona expositions In 1963, Ernesto Miranda was captured in Phoenix, Arizona for outfitted theft, and for abducting and assaulting a marginally impeded 18-year-elderly person. He previously had a record for furnished theft, and adolescent record including endeavored assault, ambush, and thievery. While in police care he marked a composed admission to the wrongdoing. After the conviction, his legal counselors claimed, in light of the fact that Miranda didn't realize he was shielded from self-implication. The police didn't advise Miranda of his entitlement to direct when he was captured. The central equity at the time Earl Warren set up the Miranda Rights. These rights cause it with the goal that the police to need to illuminate the individual that they are taking guardianship over their privileges. These rights incorporate the option to stay quiet; that anything they state can be utilized against them in an official courtroom; they reserve the option to the nearness of a lawyer; and that, in the event t hat they can't manage the cost of a lawyer, one will be named for them preceding any scrutinizing on the off chance that they so want. Miranda was not educated regarding his privileges so any admissions that he that he made before his privileges being perused couldn't be utilized against him. Despite the fact that Miranda admitted to assault and capturing he was unable to be indicted as a result of it. So the primary court administering where he was seen liable had as discarded. So he bid the court choice and brought the case as far as possible up to the Supreme Court. Miranda bid made it to the Supreme Court. Miranda was arguing that he was not educated regarding his privileges to a legal counselor as per the sixth amendment. Likewise he was not educated about his entitlement to stay quiet. These are the reasons why Miranda made his intrigue. In Supreme Court the conviction was toppled. In a decision gave in 1966, the court built up that the denounced reserve the privilege to stay quiet and that examiners may not utilize explanations made by litigants while in police care except if the p ... <!

Case Study-Sting Ray Study Example | Topics and Well Written Essays - 500 words

- Sting Ray - Case Study Example PoolVac additionally wishes to utilize its business information for the last 26 quarters to evaluate interest for its Sting Ray.Demand for Sting Rays is indicated to be a straight capacity as the accompanying: 1. Run the fitting relapse to appraise the normal variable cost work (AVC) for Sting Rays. Evaluatethe measurable hugeness of the three assessed parameters utilizing a noteworthiness level of 5 percent. Be certain tocomment on the arithmetical indications of the three parameter gauges. (30%) At a certainty level of 95% (5% level of centrality), all the three parameters are huge, as they have a p-estimation of under 0.05. Quite, a (capture) has a p-estimation of 1.96*10-17, while the coefficients b and have p â€values of 0.000342 and 0.01299, separately The model suggests that normal variable expenses is an element of both Q and square of Q. the main parameter, catch is 152, suggesting that the normal expense at steady amount is 152. As amount shifts, normal cost will differ legitimately with Q2 (positive parameter) and conversely with the amount (negative coefficient). Prominently an expansion in amount doesn't really expand normal variable cost, the impact relies upon which variable(either Q or Q2 ) has a more prominent impact. Assess the measurable hugeness of the three evaluated incline parameters utilizing a centrality level of 5percent. Talk about the fittingness of the mathematical indications of every one of the three incline parameter estimates.(20%) h= 3.166Ph and p-estimation of 0.027, infers that holding cost and salary steady, If contenders diminish their costs by a unit, clients move from sting beam to its substitutes henceforth request decreases by 3.166 units and the other way around. 5. The supervisor at PoolVac, Inc. trusts Howard Industries is going to value its programmed pool cleaner at $250,and normal family salary in the U.S. is relied upon to be $65,000. Utilizing the relapse results from Question 4, compose the assessed request work (with just P as

A Refresher on Price Elasticity of Demand

A Refresher on Price Elasticity of Demand No matter what products or services your business is selling, determining the price is among the most important decisions you’ll have to make. That, however, is a complex process and you should ensure you understand all the different elements of a successful pricing strategy.One of the essential concepts to understand is price elasticity. This guide will explain to you 1)  what price elasticity is  and 2)  how to calculate it regarding your own products. We’ll also explain 3) the  importance of determining what is the price elasticity of your product and 4) how to avoid making common mistakes during the process.WHAT IS PRICE ELASTICITY OF DEMAND?Price tends to be an important metric for people making purchase decisions. A customer might buy less of a product if the price will increase and shop more  if the price will decrease. Therefore, knowing how the price affects customer behavior is important for any business.Price elasticity is a measure, which shows how responsive customer demand is regarding the price of a product. Therefore, price elasticity shows the impact that changes in price have on the demand of the product. In other words, price elasticity of demand measures the customers price sensitivity.The conventional understanding of price elasticity is based on the following assumption: The more prices increas e, the more customer demand for the product will decrease. But in reality, price elasticity hardly functions in a direct causal line. This is because products tend to fall into different categories depending on their value and importance to the consumer.There are different ways of categorizing consumer goods, but the three main groups are:Convenience goodsShopping goodsSpecialty goodsFurthermore, products are often further classified into two additional categories of:Emergency goodsUnsought goodsFor each of the above categories, price tends to play a different role in deciding whether to buy or not. Each product category will also feature further division in terms of being an essential or a non-essential product for the consumer.Therefore, price elasticity is a great metric for understanding how demand changes with price.[slideshare id=34215148doc=elasticityofdemand-140502130240-phpapp02w=640h=330]Price elasticity of demand can present itself in the following ways:Relatively or perf ectly inelastic â€" This means the demand doesn’t change dramatically when the price changes. If a change is manifested, it is only in cases of large price changes, which result in small drops or increases in demand. Relative or perfect inelasticity tends to manifest in goods that are essential for the consumer. For example, gasoline often showcases relative inelasticity. People need gas and small price changes are unlikely to stop people from buying it, even if they moan about the price. Only a dramatic increase in price can cause people to think twice. A product with perfectly inelastic prices is for example a cancer drug, that patients need to survive. The patient will buy it, no matter how much the prices go up. However, its not only the good itself that has an impact on price elasticity. Strong branding, for example, can also help businesses  to achieve relative inelasticity.Unit elastic â€" Unit elasticity means the change in demand is equal to the change in price. Whilst t his is often the expectation, unit elasticity hardly happens in real life.Relatively or perfectly elastic â€" The demand can change dramatically when the price of the product changes. The change in demand is noticeable, even if the change in price is small. Products that fall under relative or perfect elasticity tend to be commodities. The brand is not meaningful to the customer or the product itself isn’t a necessity. Food commodities, such as beef are good examples for relative or perfect elasticity. There are many competitors offering a very similar product. Hence, if one company increases prices, customers will just buy their beef from another company. Moreover, there are substitute goods available. If beef becomes more expensive, I might just buy pork instead.By understanding price elasticity, you can better understand how customers will react to price changes. In the following section, we will further examine the importance of price elasticity for businesses.Some practical e xamples on elasticity of demand. HOW IS PRICE ELASTICITY CALCULATED?Price elasticity of demand can be calculated by using the following formula:Price elasticity of demand = Percentage change in quantity demanded / Percentage change in priceHow does this work in reality? Consider a shoe business raises the price of its stilettos from $100 to $120. The price increase would be calculated by subtracting $100 from $120 and dividing it by $100. The price increase would be 0.20 or 20%.The change in the price would also have resulted in a decrease in demand. Under the old price, the business sold 2,000 stilettos and after the price-increase, the number of sales has dropped to 1,600. The demand change would be calculated by subtracting 1,600 from 2,000 and dividing it by 1,600. Hence, the demand change would equal 25%.If you insert these figures into the formula, you’ll receive a price elasticity of demand of:0.25/0.20=1.25So, how to interpret this result? Above, we examined the different ways price elasticity can manifest. There are five zones of elasticity and the calculation will determine the zone for each product. The zones are:Perfectly inelastic if the value equals to 0.Relatively inelastic if the value equals between 0 and 1.Unit elastic if the value is 1.Relatively elastic if the value is slightly above 1.Perfectly elastic if the value is well above 1.The above example would therefore mean the product is relatively elastic. This means the demand of the product changes, as the price has changed. The figure can now help the shoe company to better understand the consumer behavior and the relationship with the particular product.When calculating price elasticity it’s important to understand the figure could technically be negative. But the negativity is traditionally ignored in the calculation and the price elasticity of demand would simply be the resulting number. For example, if the price increase is 20% and the demand change is -10%, the resulting price ela sticity would be -0.5 or 0.5. All that matters is the magnitude of distance to zero, it doesnt matter whether the number is positive or negative.It’s important to understand the number itself isn’t the key thing to understand, but rather the elasticity zone the product belongs to.Check out the below video for further examples on how to calculate price elasticity of demand: WHY DOES PRICE ELASTICITY MATTER?Now that you understand how price elasticity works and how it is calculated, it is time to take a closer look at the reasons why it’s important for any business.Price tends to be an important part of consumer shopping decisions and companies should understand just how important price is for consumers by calculating price elasticity of demand.In fact, price elasticity of demand is one of the key metrics for businesses. It can be used to improve the company’s operational strategy.Firstly, since price elasticity measures the impact of price changes on demand, it helps the comp any to answer one of the most important questions, “How can we set prices?”If you find your product to have inelastic prices, this means you are able to increase the price significantly without diminishing demand and sales. A number of companies already do this with their products. For example, infamously pharmacy companies tend to have expensive prices on products, which people need to survive. On the other hand, non-essential drugs, such as nose spray, tend to be cheaper. If the customer needs a drug to survive, the price doesn’t impact the demand. Of course, cancer drugs and the like have much higher development costs and significantly fewer buyers, which has an impact on the price, too. Nevertheless, price inelasticity plays a role here as well.On the other hand, if your product is elastic, you must be much more careful with the price. Goods like apples will simply be left on the shelves if the price goes up, as consumers won’t feel the need to buy the product. They will just buy their apples in the store around the corner, or buy a banana instead.Whilst price elasticity can often tell whether consumers consider the product you are selling as a necessity or not, it can also reveal something about the brand. Non-essential items can still be price inelastic, simply because the branding of the product has been successful.Apple is a good example for a company that has been successful in terms of product and brand marketing. Although consumers could easily find a cheaper smartphone from other brands, many feel the Apple brand is worth the money.[slideshare id=45793242doc=apple-150313055645-conversion-gate01type=dw=640h=330]Therefore, by understanding your product’s price elasticity you can understand the attitude customers have towards your product and brand. This allows you to set an appropriate price for the product, as well as learn how much customers appreciate your brand.This leads to the second important aspect of understanding price elasticity: Your products won’t necessarily enjoy the same price elasticity at all times. Customer appetite towards a specific product can change. Something deemed as a non-essential item can become an essential product during a crisis or change in conditions. For example, bottled water could become inelastic if the region suffers from water shortage or water poisoning.But a disaster isn’t the only reason a product’s price elasticity might change. Increased competition in the market could also change customer behaviour towards your products. A crowded market could turn a product more elastic, even if you previously enjoyed relative inelasticity.Therefore, it is important to pay attention to price elasticity and to regularly monitor it in order to learn more about the current market situation.Overall, price elasticity can support your marketing and pricing strategy.Since you’ll understand customer behavior towards the product and you’ll learn more about the elasticity in relation to c ompetition, you can react and market your product accordingly. If you have an elastic product, you can try to add more brand building to your product, for instance.Price elasticity can help you further understand your revenue structure as well.Since you can better understand the relation between demand and price, you can predict sales numbers and adjust your pricing strategy. For instance, price elasticity can be great for understanding whether promotions will dramatically increase sales or whether a price-hike would significantly impact your revenue stream.If you find out your product is perfectly inelastic, you could increase prices without hurting demand. This could provide more revenue for the firm and improve profit margins.WHAT TO REMEMBER ABOUT PRICE ELASTICITY?As the above shows, price elasticity is an important metric for defining product and marketing strategies. But you should be aware of some of the common pitfalls businesses fall into when it comes to using price elasti city.First, measuring price elasticity can be challenging. In order to calculate the correct price elasticity, you naturally need two reference points for the price. This means you need to change the price from A to B in order to get an accurate reading. But changing prices dramatically for a longer period isn’t always a viable option for a business. After all, if demand drops dramatically, you can potentially hurt your business revenue and consumers might move elsewhere in search of cheaper products.To overcome the issue, businesses often test the price change virtually, without actually changing the price. They rely on consumer questionnaires and interviews, which they use to ask how consumers would react to different price changes.The problem with this type of measurement is that the sample sizes can be relatively small. A company might not get an accurate image of consumer behavior because they could only get the view of 1,000 consumers. But if the product sales stand at 100,0 00, the sample size will be a limited look into consumer behavior.Furthermore, consumer questionnaires only provide a hypothetical response from the consumer to the price change. If you ask someone, whether he or she would pay $2,000 for a sofa instead of $1,000 in a questionnaire, the answer can be different than the reaction in real life. Consumers don’t always behave rationally and even if they think they would buy the sofa, they might not actually do so when the situation would actually occur. Spending hypothetical money is different from spending real money.The other way businesses try to overcome the issue is by using old data or statistics. For example, they might look at competitor’s data and calculate price elasticity based on this information. On the other hand, businesses might look at how a consumer behaved five years ago, when the price was different to what it is now.But the past consumer behavior can be different to current behavior for a variety of reasons. For e xample, the economic climate might be different. Consumers, who were willing to pay $500 for a massage ten years ago, might not feel the same way now if the economy is suffering.Therefore, real life changes to product prices will always be able to provide you a more accurate picture. You should consider changing your product prices even for a short period. The figure will still provide a more accurate representation of a real life shopping decision than relying on survey-based or past results.Learn from this case study on retail pricing using price elasticity of demand.[slideshare id=43022480doc=pricingcase-141226133526-conversion-gate01w=640h=330]A good way to test price elasticity would not be comparing the current price with a changed price, but rather test price A and price B. Price A could be slightly higher than the current price and price B could be a reduction in price. This allows you the monitor the demand during a similar period.Chains can conduct testing easier, as the b usiness can simply change the price in a single store, for example. The key to efficient price and demand testing is to conduct it in small scale. Never introduce a large-scale price change solely to test the customers reaction, as you could potentially damage your business.Finally, you should be careful on how your business reads into the price elasticity metric. You don’t want to treat it as a number, but more like an indicator of consumer behavior. A business should never simply calculate the number and conclude the product is elastic or inelastic. You should instead look beyond the number and examine the reasons behind the result.You’ll have more success with price elasticity if you use it to understand underlying consumer behavior. Once you calculate the product’s price elasticity, conduct qualitative research into consumer behavior. For example, is the elasticity more a result of the current market conditions, external economic factors or simply an indicator of the custo mers’ quality expectations towards your product?Be patient with your calculations. By understanding the underlying reasons for consumer behavior, you can get an accurate image of the real price elasticity. Remember consumers will need some time adjusting to price changes and aligning their behavior with the product’s value proposition, so don’t make rash decisions based on your readings.THE BOTTOM LINEPrice elasticity is an important metric that decision-makers should understand. Price does matter and consumers make decisions based on the price. But the impact price has on demand can vary between products and it’s important to understand the product-specific relationship between demand and price.Businesses can benefit from understanding the nature of price elasticity. It can help to devise a more cohesive pricing strategy, but it’s also an essential factor in shaping the marketing strategy for the product. By understanding price elasticity, businesses can get a more accura te picture of how consumers view the product.

Gender Matters Status Of Women In 20th Century California - 275 Words

Gender Matters: Status Of Women In 20th Century California (Reaction Paper Sample) Content: Name:Course:Instructor:Date:Status of women in 20th century CaliforniaIn the 20th century is when California women made significant progress in achieving equality of employment. California was one of the earliest states to grant to women votes that was back in 1911. Before that women were rarely successful in obtaining elective office. In 1918 four women were elected in the state assembly. However, during the next 50 years only ten women were elected to the state assembly.Economic and political gains made by womenIn late 1975, California was ranked 48th among the states in percentage that had state elective offices held by women. In 1976 women in the legislative increased from three to six and by 2010 the number had risen to 33. The number of women elected to hold office in the local level also increased. Governor Edmund G Brown Junior appointed more than 1600 women to various boards and commissions and named women as directors of the department of finance, agricult ure,, transportation, veteran affairs, conservation, motor vehicles, and last but not least correction. Elizabeth Bird was the first woman to be appointed to a supreme court and later on became the chief justice. Also, the employment of opportunities for women increased gradually and increased number of women sought to seek employment outside their Homes. In 1977 a majority of women were in labor forceProblems of inequality that remainIn the state however there were problems in that strong opposition developed and stalled t...