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Benjamin Franklin’s Argument Essay

Table of Contents Introduction Analysis Conclusion Reference Introduction This paper compares the civilization of the western world and the developing countries represented by India. This is carried out about the remarks of Benjamin Franklin. This article is an examination of two different cultures. Analysis Franklin was quoted saying, “Savages we call them since their manners differ from ours, which we think the perfection of civility; they think the same of theirs” (Warner
BLOG Soc 381w. I’m studying for my Sociology class and don’t understand how to answer this. Can you help me study?

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Visit an NGO, INGO, or another organization concerned with the rights of women and draft a brief description (the group may be an online group):
1-Name
2-Purpose of the organization
3-Structure
4-Constituents

Part 2 No outside source from chapter 1 in upload (book title: activist beyond boarders)
Keck and Sikkink (1998: 36) in this week’s readings highlight two ways in which transnational advocacy networks impinge on state sovereignty.
A- The first is what they call the “boomerang effect.”
B- The second is through the production of information that contradicts information provided by nation-states.
Answer the following:
What do they mean by transnational advocacy network?
How and under what conditions do these work?
What do Keck and Sikkink (1998: 13) mean by the “boomerang pattern”?
BLOG Soc 381w

According to the International Monetary Fund, in 2008 Italy was the seventh-largest economy in the world and the fourth-largest in Europe. Italy is member of the Group of Eight (G8) industrialized nations, the European Union and the OECD. According to the World Bank, Italy has high levels of freedom for investments, business and trade. Italy is a developed country, and, according to The Economist, has the world’s 8th highest quality of life. The country enjoys a very high standard of living, and is the world’s 18th most developed country, surpassing the Germany, UK and Greece. According to the last EuroHYPERLINK “http://en.wikipedia.org/wiki/Eurostat” stat data, Italian per capita GDP at purchasing power parity remains approximately equal to the EU average. On addition to that, Italy has the world’s 4th (3rd excluding the IMF) largest gold reserves, that of 2,451.8 tonnes, coming after the USA and Germany, and surpassing France and China. The country is also well-known for its influential and innovative business economic sector, an industrious and competitive agricultural sector, and for its creative and high-quality automobile, industrial, appliance and fashion design. Despite this, the country’s economy suffers from many problems. After a strong GDP growth of 8% from 1964 onwards, the last decade’s average annual growth rate lagged with 1.23% in comparison to an average EU annual growth rate of 2.28%. In addition, Italian living standards have a considerable north-south divide. The average GDP per capita in Northern Italy can far exceed the EU average (an example of this could be the Province of Bolzano-Bozen, with a 2006 average GDP per capita of €32,900 (US$ 43,861), which is 135.5% of EU average whilst some regions and provinces in Southern Italy can be considerably below the EU average. Italy has often been referred the sick man of Europe, characterised by economic stagnation, political instability and problems in pursuing reform programs. Italy GDP Growth The Gross Domestic Product (GDP) in Italy contracted at an annual rate of 0.30 percent in the last quarter. Italy Gross Domestic Product is worth 2293 billion dollars or 3.70% of the world economy, according to the World Bank. Italy is a member of the G8 group of leading industrialized countries. Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises. Interest Rate Italy is a member of the European Union. the Euro Area benchmark interest rate stands at 1.00 percent. In the Euro Area, interest rate decisions are taken by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability. The ECB’s Governing Council has defined price stability as “a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for The Euro Area of below 2%. The European Central Bank is the sole issuer of banknotes and bank reserves. That means it has the monopoly supplier of the monetary base. By virtue of this monopoly, it can set the conditions at which banks borrow from the Central Bank. Therefore it can also influence the conditions at which banks trade with each other in the money market. In the short run, a change in money market interest rates induced by the Central Bank sets in motion a number of mechanisms and actions by economic agents. Ultimately the change will influence developments in economic variables such as output or prices Currency of Italy The euro is the official currency of Italy, which is a member of the European Union. The Euro Area refers to a currency union among the European Union member states that have adopted the euro as their sole official currency. Inflation Rate The inflation rate in Italy was 1.40 percent in March of 2010. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. Current Account Italy reported a current account deficit equivalent to 4990.0 Million EUR in February of 2010. Italy’s major exports are food, clothing, precision machinery, motor vehicles, chemicals and electric goods. Italy imports mainly engineering products, chemicals, transport equipment, energy products, minerals, textiles and clothing; automobiles, electronics, food, beverages and tobacco. Italy’s closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. Italy’s largest EU trade partners are Germany and France Balance of Payments A Balance of payments is an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the country’s exports and imports of goods, services, and financial capital, as well as financial transfers. The BOP summarises international transactions for a specific period, usually a year, and is prepared in a single currency, typically the domestic currency for the country concerned. Sources of funds for a nation, such as exports or the receipts of loans and investments, are recorded as positive or surplus items. Uses of funds, such as for imports or to invest in foreign countries, are recorded as a negative or deficit item. Current Account balance Year Current Account Balance Rank Percent Change 2004 (16487200000) 146 2005 (15614000000) 145 -5.30 % 2006 (19521200000) 158 25.02 % 2007 (17560200000) 156 -10.05 % 2008 (37762200000) 184 115.04 % 2009 (57742200000) 187 52.91 % The Current Account deficit reflects an increase in the goods deficit, which climbed from EUR 16 billion to EUR 57 billion as a result of deterioration in the trade in cars and intermediate goods. This improvement stems from a slight increase in the travel and transport balances. The travel surplus reached nearly EUR 13 billion, close to the record surplus of EUR 14 billion recorded in 2004. Conversely, the surplus on “other services” posted a slight decrease, totalling EUR 1.3 billion. Goods In 2007, the Goods balance still posted a deficit, amounting to EUR 39.7 billion, compared with EUR 29.4 billion in 2006. The customs trade deficit in fob-fob terms increased further to EUR 10.6 billion. Contrary to what had been recorded the previous year, this deterioration is not attributable to the energy trade deficit. The latter actually declined by around EUR 1 billion as a result of a slight drop in average oil prices and a reduction in imported volumes. The customs trade deficit excluding energy worsened mainly on account of a deterioration of the trade balance in cars (EUR 4.4 billion) and intermediate goods (EUR 4.3 billion). Services After having been on a downward trend since the start of the decade, the Services trade surplus increased by EUR 1.1 billion to stand at EUR 11 billion in 2007. This improvement results from a EUR 0.9 billion decline in the transport trade deficit and a EUR 0.7 billion rise in the travel surplus, despite a EUR 0.5 billion decrease in the surplus on other services. Income In 2007, the income surplus stood at EUR 28.5 billion, down by EUR 0.3 billion on 2006, when it had increased by EUR 8.6 billion. Expenditure and receipts posted a strong rise (23.0% and 18.5% respectively). This surplus reflects the traditional surplus on direct investment income combined with the surplus on the compensation of employees. In 2007, portfolio investment income registered a surplus, after having shown a deficit for the past five years. This improvement stems from a significant rise in receipts. Conversely, the deficit on other investment income continued to widen. Trade in Italy Italy trade is dominated by automobiles and machineries. As the country is challenged by mountainous land, cultivation is not possible. Based on the same reason, the Italian trade depends on mostly on the manufacturing sector. World over, Italy’s famous brands such as Armani, Valentino, Versace, Benetton, Prada, FIAT, Lancia, Alfa Romeo, Maserati and Lamborghini have already created their niche in the global trade scene. Exports Recession decreases the global trade volume significantly and Italy was no exception. Its exports volume decreased from $546.9 billion (2008) to $369 billion in 2009. However, even with such a huge decline, the country remained relatively stronger and ranked 6th in the world in terms of the exports volume. Exports include mechanical products, textiles and apparel, transportation equipment, metal products, chemical products, food and agricultural products. Year Exports Rank Percent Change 2003 191808000000 8 2004 205794000000 8 7.29 % 2005 248936000000 7 20.96 % 2006 275206000000 7 10.55 % 2007 333074000000 8 21.03 % 2008 371776000000 6 11.62 % 2009 191808000000 6 8.86 % Imports The imports dipped as well with the recession marred years. The figures dropped from 368.5 billion of 2008 to 176.2 billion in 2009. The country again ranked 7th in terms of imports volumes. Imports include machinery and transport equipment, foodstuffs, ferrous and nonferrous metals, wool, cotton, energy products. Year Imports Rank Percent Change 2003 176268000000 7 2004 200614000000 7 13.81 % 2005 243682000000 7 21.47 % 2006 273208000000 7 12.12 % 2007 329744000000 7 20.69 % 2008 368594000000 7 11.78 % 2009 176268000000 7 9.80 % Reserves Year Reserves of foreign exchange and gold Rank Percent Change 2004 46812400000 13 2005 45510000000 13 -2.78 % 2006 48803000000 14 7.24 % 2007 52170000000 14 6.90 % 2008 69804200000 14 33.80 % 2009 77922000000 13 11.63 % The Euro value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified. This category includes not only foreign currency and gold, but also a country’s holdings of Special Drawing Rights in the International Monetary Fund, and its reserve position in the Fund. Italy is Ranked 13th in terms of having the Reserves. Financial Account Direct Portfolio 2003 63197.3 19262 2004 80538.1 30008 2005 80394.2 34000 2006 83654.4 60220 2007 79924.2 85880 2008 93591.1 121099 In the recent years the investment in Italy is found to be increasing day by day. But in the recent years the FDI has been decreased drastically. It is due to the recession in the whole world. As a member of the EU, Italy is very active in European trade, and is part of the EU’s single market. Italy is a major trade partner of most European countries, as well as the US and much of Asia. The ongoing international merger and acquisition activity has led to an intensification of cross-border relations between affiliated companies regarding both Italy investment abroad and foreign investment in Italy. Italy net direct investment position stood at EUR 566 billion, up by EUR 44 billion in year-on-year terms. Assets and liabilities were up by EUR 159 billion and EUR 115 billion respectively. The scale of these changes are in line with observed transaction flows, reflecting the fact that the increase in the prices of shares and other equity offset the euro exchange rate effects. In 2008, portfolio investment net outflows stood at EUR 121.09 billion, compared with EUR 85.8 billion in 2007. This swing is attributable to the sale of EUR 16.5 billion worth of foreign equities by residents (after having been net buyers in 2006) on the one hand, and the sale of EUR 61.3 billion worth Italian equities by non-residents (also net buyers in 2006).. As regards the other financial instruments, net outflows totalled EUR 87.1 billion, compared with EUR 74.1 billion in 2006. By type of instrument, outflows on mutual fund shares were significantly higher than in 2006: EUR 59.7 billion as against EUR 4.2 billion. Conversely, outflows on debt securities with maturities of over one year and money market instruments recorded a decrease, falling to EUR 22.1 billion and EUR 5.3 billion from EUR 60.2 billion and EUR9.6 billion respectively Reasons For the Swings in the results The Italian tax system does not discriminate between foreign and domestic investors. The 2008 budget reformed the structure of the tax system, reducing corporate income tax (IRES) rates by 5.5 nominal points from 33 to 27.5 percent, and trimming the regional business tax (IRAP) from 4.35 to 3.9 percent. These tax cuts are in response to increased EU-wide competition for investment, particularly as the enlargement of the EU to 27 members ushered in various low cost, low tax East European states. Germany’s 2007 decision to cut corporate tax rates by ten basis points rendered Italy’s corporate tax rate the highest in the EU. Italian Government took some initiative which were the key factors for the change. Protection of Property Rights Transparency of the Regulatory System Efficient Capital Markets and Portfolio Investment Foreign participation in Italian capital markets is not restricted. While foreign investors may obtain capital in local markets and have access to a variety of credit instruments, access to equity capital is difficult. Italy has a relatively underdeveloped capital market and businesses have a long standing preference for credit financing. What little venture capital exists is provided by established commercial banks and a handful of venture capital funds. “Angel investing” has only begun to take root in 2008, after a brief existence snuffed out at the start of the century by the dot.com bust. The Italian stock exchange (“Borsa Italiana”) is relatively small — fewer than 300 companies – and is an inadequate source of capital for most Italian firms. In 2007, the Borsa merged with the London Stock Exchange, raising expectations that governance standards and transparency of the Milan market would improve. Each of the partners will continue to be regulated by its respective national securities regulatory entity.

Slogans and Trade Dress Infringement

Slogans and Trade Dress Infringement.

As you know, CARDWARE likes to delve into clothing styles for a wide target audience. Recently, it came up with a name for its slogan which CARDWARE has placed on the right front of its jersey sweaters. It also has a boomerang symbol with the words, “Just Use It.” underneath it. The well-known athletic clothing manufacturer Nike® found out about the Cardigans use of a slogan they claim is similar to their own and now want to bring a lawsuit against CARDWARE Inc. Discuss whether or not Nike has a case. Be sure to discuss the principals associated with trademark infringement and give your opinion whether or not you think the two slogans are confusingly similar or not. HINT: Place phrase words such as “Famous Legal Trade Dress” and “Slogan Infringement ” into your search engine for cases that may be similar so that you may help engage your peers in a lively discussion.
Slogans and Trade Dress Infringement

The Epic of Gilgamesh

python assignment help As part of the intensive writing requirements for HIS101, you will write a 1,500 word formal paper where you employ critical inquiry to develop and support a thesis. Using The Epic of Gilgamesh as your source, you will gather, interpret and evaluate evidence from this source to address one of the topics listed below. 1,500 word paper. You can choose any of the following. Only one topic The role(s) of kingship in Sumerian society The role(s) of the gods and religion in Sumerian society The friendship of Gilgamesh and Enkidu The flood story in The Epic of Gilgamesh. Compare and contrast to the story of Noah in the Bible. The role(s) of women in Sumerian society. What Gilgamesh learns about death and immortality Enkidu’s dream. What does it suggest about Sumerian concepts of the afterlife? Gilgamesh’s quest for immortality. What does it reveal about Sumerian attitudes concerning life and death. Remember to write on just one question from the list of choices. Formulate a thesis and interpret The Epic of Gilgamesh to explore your topic and prove your thesis.

GCU Roles Between Leadership and Management Comparative Essay

GCU Roles Between Leadership and Management Comparative Essay.

Describe the difference in roles between leadership and management. Explain how the goals of management and leadership overlap and provide one example. As a nurse leader, describe how you can facilitate change by taking advantage of this overlap.Compare two leadership theories. Provide an overview of each and discuss the strengths and weakness in relation to nursing practice.Review your state’s mandated reporter statute. Provide details about this in your post. If faced with a mandated reporter issue, what are the steps in reporting the issue? Create a mandated reporter scenario and post it. Respond to one of your peer’s scenarios using the guidelines for submission/reporting in your state. Be sure to include a reference to your state’s website related to mandated reporting.
GCU Roles Between Leadership and Management Comparative Essay

Behaviour Of Organisation And The Market Environment Economics Essay

Foxtons is one of the largest growing estate agent in UK. It’s based on London and surrey area. It was founded in 1981 in Notting hill by Jone Hunt and he sold Foxtons in 2007 with a price of £370 millions. As up now it has 24 office across the London and surrey area, it has a headquarter in west London also. 1.1: Identify the mission, objectives and responsibilities of an organization 1.1.1: Mission, values and key objectives of Foxtons Mission: Mission statement is act as a guideline for an organization’s decision making, planning and operation. It shows why the organization exist. The mission statement of Foxton is “We embrace change and are constantly challenging tradition because we have a strong desire to improve the way our industry operates. We do business differently to give you the edge”. From this statement we can easily say that, Foxtons mission is adopting with the changes and provide the best service to the customers. Values: values could be the key characteristics which is very important to the organisations. Foxtons values are providing highest level of customer service. Key Objectives: Key objectives normally set by top management which reflects the organization’s mission and goal and stakeholders expectations. Foxtons key objective is providing best possible price within the shortest possible time. 1.1.2: Influence of Stakeholders Shareholders/owners: Shareholders have a strong influence in the organisation decision making, setting mission and objectives. The board of director come through election participate by all shareholders. So that board directors decision will definitely reflect shareholders expectations. Employees: employees are key people who implement the strategy of the organization and deliver the product or service to the customer. So that they have also strong influence. Regulatory bodies: every organization regulated by a regulatory bodies which monitor organizations operation, standard of service etc. organisation must need to follow their instructions. So regulatory bodies have influence also 1.2: Achievement of stakeholders objectives 1.2.1: Achievement of employees objective: As we all know that employees are the key factors of an organization and the success of organisation depends on employees performance. So that they need desired salary, performance bonus, excellent working environment and training program that helps to employees to increase the performance. In order to achieve the employees objectives, Foxtons are paying comparative salary, excellent working environment and ongoing training program, reward program for outstanding performance. 1.2.2: achievement of customer objectives: customers are key of a business. Customer always wants appropriate information and good customer service. Foxtons are providing high standard of customer service and providing appropriate information to the customer through website and brunch office. 1.1.3: achievement of regulatory bodies objectives: Foxtons is a member of The Property Ombudsman and The National Approved Letting Scheme (NALS) and also complies with the Tenancy Deposit Protection Scheme legislation providing sellers, buyers, landlords and tenants with an assurance that they will receive the highest level of customer service. As Foxtons are providing highest level of customer service they are fulfilling the regulatory bodies. 1.3: Responsibilities of Foxtons and strategies employed to meet them 1.3.1: Responsibilities to customer: every organization has some responsibilities to the customer. It could be providing good customer service, accurate information that they want, understanding customer needs and wants. Strategies that Foxtons implemented to fulfil responsibilities: Foxtons providing accurate information through accurate validation process, award winning website, 24 branches across the London and surrey, expert advice etc. Foxtons also maintaining highest standard of customer service in order to keep good relationship with customer. 1.3.2: Responsibilities to employees: as it is mention earlier that employees are key factor of organization success. Organization is responsible to provide them comparative salary, good training program, reward for outstanding performance and excellent working environment. Strategies that Foxtons implemented: Foxtons currently providing excellent salary package, ongoing training program and reward program and the working environment in Foxtons is friendly. Foxtons believe that, “it is important to have fun to be successful”. So that Foxtons send employees to all over the world for recreation. 1.3.3: Responsibility towards community and strategies that implemented: Foxton is investing to make new home across the London and southwest side in England and they aim to build up good community. 2.0: economic, social and global environment 2.1: allocation and use of resources: 2.1.1: Economic system: An economic system is the system of production, distribution and consumption of goods and services of an economy. Alternatively, it is the set of principles and techniques by which problems of economics are addressed, such as the economic problem of scarcity through allocation of finite productive resources. The economic system is composed of people and institutions, including their relationships to productive resources, such as through the convention of property. Examples of contemporary economic systems include capitalist systems, socialist systems, and mixed economies. “Economic systems” is the economics category that includes the study of respective systems [http://en.wikipedia.org/wiki/Economic_system] 2.1.2:Allocation and effective use of resources: Economic system decide how an organisation allocate its resources. As we mention earlier production, distribution and consumption of the goods and service on a country is set by economy system of that country. In UK the economy system is ‘free market economy’ bases upon the Capitalist system of free trade and global economics open economy system and government does not interfere or get involved that much. As we all know that currently world’s most of economies are going through recession. UK economy also affected by the recession. Property and housing society passing through a difficult time. he UK real estate or property market has been growing for most of the years since 1992. Between 2000 and 2007 alone, some areas saw median prices trebling in value. Since the third quarter of 2007, prices have fallen every month, reaching record levels of price drops and record lows in terms of new sales. Speculators were a big part of the growth of that market, with Buy-To-Let buyers making up as much as 50 per cent of house purchases in London before the crash. This effectively priced new home buyers out of the market. Although prices have now dropped back to affordable levels, fears of further falls, rising unemployment and reluctance among beleaguered banks to lend continue to restrict the market. Foxton is trying best to keep up their position and good thing is that its expanding its business. They did not go for cost cutting or reducing employee. They are recruiting new people is order to expand their business. [http://www.economywatch.com/world_economy/united-kingdom/] 2.2: Impact of social welfare and industrial policy on Organisation 2.2.1: Impact of Social welfare: social welfare initiative does affect an organisation. In UK social welfare is welfare facilities are very good. UK is a multi-cultural country and government are spending huge part of their budget to improve the education system, health system and security system. Living standard in UK is also very high. People over here normally does not stay for long time in one place or they changed their house according to the place of job. After certain time people try to buy their own home. So Foxtons provide rent service as well as they buy or sell the property also. So that social welfare initiative is increasing demand for Foxtons as people are coming from other country and they keeps moving. 2.2.2: Impact of industrial Policy: industrial policy also affect the business as well. If the government impose business friendly law and regulation, it does help to grow business. UK is a great place to do business. Government always encourage business. In property industry government has taken some industrial policies that are helping Foxtons. For example, due to the recession government has reduced the Moorgate interest rate and that’s helped Foxton to sell more property. 2.3: Impact of Macroeconomic policy and influence of global economy: 2.3.1: Impact of macroeconomic policy: Government take macroeconomic policy and that has a significant impact on organisation and stakeholders. Some time it may help to grow up the business or sometime it has negative impact on business. Two important macroeconomic policies are fiscal policy and monetary policy. Monetary Policy: UK government reduce the interest rate which is now 1.0 percent and it is the lowest interest rate ever. This policy significantly helped property related business to grow up their business as mortgage interest rate goes down. More buyer will be attracted to buy new property. Foxtons also doing their business very well. Number of property selling has increased significantly. Fiscal policy: fiscal policy indicated how government will be spending money and from where they will be getting money. Normally government get money from tax, borrowing etc. this policy decide the economy growth. Current fiscal policy is known as golden rule. The Golden Rule states that over the full economic cycle, the government should borrow to invest only for future needs. Current needs should be met by tax revenues. This should allow for stable finances as defined by the ratios of public sector net worth, debt and current expenditure to national income. In conjunction with the Golden Rule, the UK government also seeks to follow the Sustainable Investment Rule, which should keep national debt at a prudent level currently set at 40 per cent of GDP. By the end of 2008 estimated public debt had already risen to 42 per cent, and could rise to 70 per cent of GDP by 2010, meaning that the Sustainable Investment Rule has been broken. The justification is that a severe recession needs Keynesian stimulus to revive it, and that balancing the books should only be sought once the economic recovery begins. According to this policy there will be slide economic growth and it will influence the Foxtons business as well [http://www.economywatch.com/world_economy/united-kingdom/bank-of-england-monetary-fiscal-policy.html] 2.3.2: Influence of Global economy: As this is the time of globalisation, global economy has also influence a organisation and stakeholder. UK economy is one of the strongest economy in the world and its attracts international investor. As property sector is one of attractable . sector of investment. Lots of investment are coming up. Apart from that, if there is positive move in global economy it does affect the local economy as well. 3.0: Behavior of organization and the market environment 3.1.1: Market structure and Perfect competition Definition and characteristics of Perfect competition: perfect competition describes the perfect being a market in which there are many small firms, all producing homogeneous goods. In the short term, such markets are productively inefficient as output will not occur where marginal cost is equal to average cost, but allocatively efficient, as output under perfect competition will always occur where marginal cost is equal to marginal revenue, and therefore where marginal cost equals average revenue. However, in the long term, such markets are both allocatively and productively efficient.[1] In general a perfectly competitive market is characterized by the fact that no single firm has influence over the price of the product it sells. Because the conditions for perfect competition are very strict, there are few perfectly competitive markets. A perfectly competitive market may have several distinguishing characteristics, including: Infinite Buyers/Infinite Sellers – Infinite consumers with the willingness and ability to buy the product at a certain price, Infinite producers with the willingness and ability to supply the product at a certain price. Zero Entry/Exit Barriers – It is relatively easy to enter or exit as a business in a perfectly competitive market. Perfect Information – Prices and quality of products are assumed to be known to all consumers and producers. Transactions are Costless – Buyers and sellers incur no costs in making an exchange. Firms Aim to Maximize Profits – Firms aim to sell where marginal costs meet marginal revenue, where they generate the most profit. Homogeneous Products – The characteristics of any given market good or service do not vary across suppliers. [http://en.wikipedia.org/wiki/Perfect_competition] 3.1.2: deviation from Perfect condition: as it is mentioned earlier that in perfect condition market structure the product has to be same but in this property market all the property are not same and the prices are also vary depends on location and size. Even though there is no entry barrier it is difficult to entry this market as it is required huge investment. So that its bit difficult to be in competition with other estate agent. I property market is not perfect condition. 3.2: Market force and Organization response: first of all let’s have a look on definition of market force. “Forces of demand and supply representing the aggregate influence of self-interested buyers and sellers on price and quantity of the goods and services offered in a market. In general, excess-demand causes prices and quantity of supply to rise, and excess supply causes them to fall” [http://www.businessdictionary.com/definition/market-forces.html] In property market, property price, rent rate, interest rate, availability of property can be consider as market force. Due to the recession the government decided to reduce the interest rate and housing price also fall down which was great opportunity for Foxtons to increase their sales. During this time they opened couple of new branches in order to increase sell. They have involved some new house development program as well. 3.3: Competitive strategy and role of the regulatory bodies: 3.3.1: Competitive strategy of Foxtons: the way a business organisation compete in market called competitive strategy. Foxtons is providing its service throughout 24 branches across the London and surrey. They have introduced new café style offices, long opening hours, award winning website, professional photography, Foxtons magazine, excellent customer service. These are the competitive strategies are employed by Foxtons. 3.3.2: regulatory bodies of Foxtons: Foxtons has couple of regulatory bodies. Name of the regulatory bodies given bellow: The Property Ombudsman The National Approved Lettings Scheme Tenancy Deposit Protection Scheme Office of Fair Trading (OFT) 3.3.3: Role of competition commission: The Competition Commission (CC) is one of the independent public bodies which help ensure healthy competition between companies in the UK for the benefit of companies, customers and the economy. We investigate and address issues of concern in three areas: • In mergers – when larger companies will gain more than 25% market share and where a merger appears likely to lead to a substantial lessening of competition in one or more markets in the UK. • In markets – when it appears that competition may be being prevented, distorted or restricted in a particular market. • In regulated sectors where aspects of the regulatory system may not be operating effectively or to address certain categories of dispute between regulators and regulated companies. [http://www.competition-commission.org.uk/about_us/index.htm] 3.3.4: Role of the office of fair trading (OFT): As an independent professional organisation, the OFT plays a leading role in promoting and protecting consumer interests throughout the UK, while ensuring that businesses are fair and competitive. Our tools to carry out this work are the powers granted to the OFT under consumer and competition legislation. [http://www.oft.gov.uk/about/what/] 4.0: Significance of international trade and European Dimension For UK business 4.1.1: Importance of International Trade: International trade is important for any country in the world. As we know that not every country has the same resource. That’s why all the countries do International trade. Importance of International given bellow: Economic gain for a country through export and import. Creating new market and demand of product Exchange of information Competition among the supplier country Employment opportunity Better quality product with low price Wide range of product for consumer 4.1.2: Economic integration: Any type of arrangement in which countries agree to coordinate their trade, fiscal, and/or monetary policies is referred to as economic integration. Obviously, there are many different degrees of integration. Preferential Trade Agreement (PTA) Free Trade Area (FTA) Customs Union Common Market Economic Union Monetary Union [http://internationalecon.com/Trade/Tch110/T110-2.php] 4.2: Impact of two policies of EU on UK business As UK decided to join in EU, there are some policies of EU which has to be followed by UK business organisation. 4.2.1: Energy policy: In January 2007, the Commission proposed a comprehensive climate and energy package containing targets of 20-20-20% reduction of energy consumption and greenhouse gas emissions, and increased share of renewable by 2020. According to this policy now every organisation has to reduce gas emissions and energy uses. And all the member country must apply minimum requirements as regards the energy performance of new and existing buildings, ensure the certification of their energy performance and require the regular inspection of boilers and air conditioning systems in buildings. So that its affecting UK business. [http://ec.europa.eu/energy/efficiency/buildings/buildings_en.htm] 4.2.2: Repossession policy The European Commission approved on Monday a British mortgage support scheme aimed at reducing the number of repossessions likely to occur as a result of the economic downturn 4.3: UK entry EMU: The UK has to decide whether to join the other members of the EMU in a monetary union. This choice depends in part on the outturns for the economy inside and outside EMU. If UK decided to entry in EU then they have to take EURO as a currency and the monetary and fiscal policy has to be taken according to the EMU. Competition among the member country will increase, as currency barriers will be removed it may help small and medium organisation to expand their business. There is a potential chance to increase in investment. Considering the inflation variability or the stability of the price level, the UK would benefit in joining EMU. In terms of the tests put forward by the Government, the increased volatility of output is unlikely to promote higher growth and a lasting increase in employment, whilst the increase in long term price stability would aid growth and encourage investment. [http://www.niesr.ac.uk/pubs/dps/dp168.pdf] Conclusion