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Math help needed: How much can the Kwans expect to pay #8

Math help needed: How much can the Kwans expect to pay #8.

The Kwans are planning to buy a house 6 years from now. Housing experts in their area have estimated that the cost of a home will increase at a rate of 6%/year during that period. If this economic prediction holds true, how much can the Kwans expect to pay for a house that currently costs $160,000? A.$218,199 B.$221,562 C.$230,490 D.$226,963
Math help needed: How much can the Kwans expect to pay #8

Kyoto Protocol and China’s Position Essay

Kyoto protocol is the first global agreement concerning the problems of the environment protection. The protocol unites the world’s countries with the advancing and the developing economies under an obligation to implement measures and policies directed at the reduction of air pollution on their territories. This essay discusses China’s position and role in the negotiations concerning the environmental problems. China is an active member of the global negotiations about the protection of the environment. The Chinese leaders support the principle of “common but differentiated” responsibilities for the participants which means that the developed countries are more responsible for the current global warming due to their industrialization (China’s Policies and Actions for Addressing Climate Change par. 1). China also sticks to the Bali Road Map which insists that the Kyoto Protocol is consistently followed, the reforms it requires are regularly implemented, and the needed technologies and investments are made timely by the developed countries that intend to reduce their emissions (China’s Policies and Actions for Addressing Climate Change par. 2). China’s position in regard to the duties of the developed countries is that they are more capable of developing advanced technologies and invest into the reduction of emissions. As for the developing countries, China’s perspective maintains that while they fight poverty and build up their economies, they should also take into consideration the environmental conditions in their regions and avoid causing too much damage. Besides, China supports the principle of the sustainable development which emphasizes the pursuit of the beneficial outcomes for both the present and the future generations by means of the promotion of the green lifestyle all over the world. Moreover, the Chinese leaders agree that the current climate change required adaptation of the global society and the necessary funding to prevent possible cataclysms caused by the warming. Finally, when it comes to the decision-making process, China supports the idea of the small scale and informal consultations to maintain the negotiation process and reach compromise faster. Besides, the Chinese leaders believe that the leader of the climate change negotiations is the United Nations. China is one of the countries that have made an immense contribution to the pollution of the environment over the last two decades. Based on the research, its average temperature has risen by 1.1 degrees Celsius over the last hundred years which is predicted to turn into 3.5 degrees by the end of this century (Lai par. 1). Get your 100% original paper on any topic done in as little as 3 hours Learn More The impacts of the global warming on China are diverse and include the melting glaciers, rising sea level, lake overflow resulting in floods, decrease of water level in some rivers leading to droughts, loss of biodiversity and the destruction of coral reefs (Lai, par. 2-14). Among the most vulnerable regions of the country are Shanghai and Hong Kong since they are especially exposed to the risk of the natural disasters which have become more common in China. Due to the worsening weather conditions and frequent abnormal natural disasters China has suffered a serious damage to the health of the population and the country’s economy. Moreover, the climatic conditions are predicted to become much more dangerous within the next fifty years and result in water scarcity (Lai par 25). These problems are the concerns that force China to be an active participant in the agreements and measures targeting the negative impacts of the global warming. Works Cited China’s Policies and Actions for Addressing Climate Change. 2012. Lai, Elisa Chin Yin. Climate Change Impacts on China’s Environment: Biophysical Impacts.

Home Depot Case Study

assignment writer Table of Contents Alternative actions to address the situation Recommendation Conclusion Works Cited Home Depot Incorporation was founded in Atlanta, Georgia in the year 1978 by Arthur Blank and Bernie Marcus. Both Arthur and Bernie had been fired from a small company that dealt with home improvement products thus the decision to start a retail store providing these products. At its commencement, Home Depot had a warehouse stocked with a wide variety of home improvement products at very low prices. From then on, the company has grown to be the largest chain offering home improvement items in the world. At the start, the company grew at a much slower pace but with time the business picked and today Home Depot is a successful enterprise. With over 2,000stores across the globe, Home Depot is a booming enterprise with Lowe as its main competitor. With reference to the case study, this paper will assess Home depot’s growth strategy, its current business environment, the industry, competitors, the strategies used, and how the company can address the challenges it is facing. The business environment of a company includes the various aspects of its surrounding which affects the operations in one way or another. In other words, Home Depot’s business environment is a set of conditions that cannot be controlled by nature whereby these conditions affects its normal functioning. Just like any other company, Home Depot has internal and external environments. Its internal environment consists of factors like manpower, machinery, cash, and management which can be controlled by the business. Home Depot can make changes in the internal environment with respect to changes in the business’s functioning. This is evidenced by changes in the top management since the company’s inception and the growing number of its workforce and stores. From the year 1979 to the year 2006, the company’s revenue grew from $ 22 million to $90.8 billion respectively. When Home Depot commenced its operations up to the year 2000, one of its co-founders acted as the CEO (Hess 2). Having grown the company’s revenue tremendously, the board of directors embraced change by replacing Blank with Bob Nardelli. Having served in the military, Nardelli employed a completely different strategy. He imported manpower and ideas from the military and as a result caused culture overhaul. Get your 100% original paper on any topic done in as little as 3 hours Learn More Previously, Home Depot had a culture that was low profiled and collaborative but Nardelli converted it to “a culture of fear” (Hess 3). The decline in sales experienced during the 1990’s can be attributed to the form of management employed by Nardelli. Changing the decentralized strategy that paid attention to employees and more importantly to the customers led to the low sales. This shows that changing the internal environment of the business does affect its business’s performance in different ways. On the other hand, the external environment of Home Depot consists of factors that are beyond its control. The external environment of the business does affect its internal functioning, the strategies it employs, and its objectives as well. The operative external environment of the business consists of customers, the suppliers, competitors, market intermediaries, and the public as well. The suppliers provide the company with raw materials therefore they must be reliable to ensure success of the business. Home Depot is a multinational company operating across the globe meaning that it has multiple suppliers. Customers are constituents of the business’s external environment. Customers determine the success of the business therefore the need to tailor products that will provide maximum satisfaction. Home Depot is a large incorporation thus its customers range from industries, wholesalers, retailers, and governmental institutions. Also, important to the external environment of the business are the market intermediaries who link the final consumers of the products to the business. Banks and other financial intermediaries, middle men, and marketing agencies fall under this category. Competitors are an important constituent of the external environment of the business as well. Each and every move which a competitor makes affects the company. Home Depot’s competitor is Lowe; with this in mind, Home Depot has to keep on adjusting according to the strategies which its competitor employs. We will write a custom Case Study on Home Depot specifically for you! Get your first paper with 15% OFF Learn More Both Lowes and Home Depot compete in the “Do It Yourself” market for home improvement products. The merchandise offered by these two include building materials, millwork, and lumber, kitchen, plumbing, electrical, wall covering, paint, and flooring (Hess 4). The Do It Yourself strategy was first adopted by Home Depot but Lowes has always been pushed by market forces to survive the stiff competition. After conducting SWOT analysis for both companies, it is clear that they possess the same strengths even though Lowe has never out performed Home Depot. In this case, Lowe is found to have been the market leader and as a result has its loyal customers. On the other hand, Home Depot employed a better strategy of price leadership. The business took the strategy of offering the same product as Lowe but at a lower price. The public which makes up the external environment of a business consists of people who have vested interest on the operations of the business. On the macro or rather general external environment of a business, the PESTLE analysis is always carried out to establish its stand on the industry. PESTLE stands for political, economic, social-cultural, technological, legal, and environmental factors that make the external environment of a business. The political factor determines how a change in governmental policy can affect a business. Political factors are felt in areas like labor and environmental laws, tax policies, tariffs and trade restrictions as well as the political stability of a country. The economic environment is dynamic and it reacts to changes in politics and policies. An economy can affect a business through government spending, exchange rates, and interest rates among others. Social factors analyze how the beliefs and behaviors of the consumers affect the business. Culture, attitudes, and population constitute the social factors of the external environment. The technological environment concentrates on the speed at which product innovations and production processes can affect the business. Ethics are important for a business for they lead the management and workforce to do what is regarded as morally right. Time and again, integrity and acting in an ethical manner have been said to be the driving forces that have contributed to Home Depot’s success. Not sure if you can write a paper on Home Depot by yourself? We can help you for only $16.05 $11/page Learn More Environmental factors including the aspects of climate, climatic change, and weather which are important in the external environment of a business. Legal factors include consumer laws, discrimination laws, and employment laws. All these factors are important components of Home Depot’s external environment for they affect its operations in the short and long terms. Since the 1990s, the industry of home improvement has experienced a speedy growth. With the wealth effect, many people have invested heavily on expensive and prized possessions. Change of customer needs, increased housing expenditure, and the internet has made the industry what it is today. In its current situation, Home Depot has employed successful business strategies that can be summed into its core values. The core values include: offering excellent service to customers, caring for the people, being ethical, shareholder value, respecting all people, giving back to the society, maintaining a spirit of entrepreneurship, and building strong and lasting relationships. The vision of stores with a wide variety of assorted products at low prices and giving customer’s excellent services has contributed to the company’s success. The greatest strength exhibited by Home Depot is its ability to listen to its customers. The company’s dedication to provide customers with an excellent service contributes to its success. The only weakness the company has is that it spends more on advertising so as to lock out its competitors. After analysis of every aspect of the company, it is clear that the situation that needs to be addressed by Home Depot concerns the growth strategy. Robert Nardelli’s leadership and management styles did no good to Home Depot therefore the new CEO is faced by a challenging task concerning a growth strategy. Alternative actions to address the situation There is need to change the GE style, human resource policies, accountability, technology, and operating efficiencies that were existent during Nardelli’s tenure. Nardelli significantly changed the entire culture of Home Depot through changes in merchandising, the executive, centralization, and purchasing and inventory. The founders Blank and Marcus adopted an entrepreneurial and decentralized culture that gave first priority to employees and customers. Now that Blake is facing a huge challenge of bringing back Home Depot’s credibility, he can do so by using alternative business strategies. The alternative business strategies should work on improving the current stores, diversifying services, finding new channels, and expanding the business to the global front. The change should come from the top management then to the retailers such that they can schedule and optimize their work time. The company should put into consideration ways in which shoppers can be more efficient. This can be done through the provision of self-checkouts. The best action which Frank Blake can take is to embrace the entrepreneurial spirit so as to settle problems regarding shareholders and employees. Rethinking the current strategies will also be a good alternative. Bringing one of the co-founders of Home Depot to the management level could work well in reorganizing the business. Redirecting, reorganizing, and dis-positioning of the existing business strategies and some of its operations will be the best alternative. Redirecting the management from its current centralized nature to a decentralized one will enable the business to reach all the customers. A decentralized management will allow the business time to be close to the customers and through research and development it will capture firsthand information on the needs and wants of the customers. The information provided by the store managers will aid in decision making. Again, reorganizing the business to adopt the previously used inverted pyramid will help in overcoming the challenge. The pyramid structure recognizes the people working in the stores as very important since they are the ones in close contact with the customers. Home Depot can employ the “best cost provider” competitive strategy to draw a line between the enterprise and its competitors. It is a fact that Home Depot’s competitors do offer installation services but the enterprise supposedly offers the services at affordable prices. Nardelli opted for acquisitions and mergers and through them; Home Depot has been able to outdo its competitors. This trend can be used to increase the business’s market share through the opening of more retail stores across the globe. The Do It Yourself approach coupled with differentiation and price leadership will be great alternatives which the business can take. All these alternatives will aid in satisfying the customers thus the growth of the business (Hess 6). Recommendation The best solution for this situation at Home Depot is reorganizing and redirecting the management style. Decentralizing the business like before will enable the business to reach and keep contact with all classes of its customers. Investing in technology will enable customers to order products online. The advancing technology also allows product innovation and production processes. A decentralized management system, excellent customer service, and competitive prices will keep Home Depot on top. Wide range of assorted products and excellent distribution channels will be a part of the decentralization. Ensuring that the mission and vision statements are observed will keep Home Depot on top. The core values which include: offering excellent service to customers, caring for the people, being ethical, shareholder value, respecting all people, giving back to the society, maintaining a spirit of entrepreneurship, and building strong and lasting relationships will work well in improving the situation. The vision of stores with a wide variety of assorted products at low prices and giving customer’s excellent services will aid in the decentralization. The competitive strategies to use will include differentiation and price leadership (Hess 8). The financial objectives of Home Depot include growing its revenue by a certain percentage, growing the company’s market share through acquisitions and mergers, growing the return on sales and return on investment, and a strong cash flow. Just like any other multinational company, Home Depot has an objective to be stable in the market, and having a solid balance sheet as well as a good ability to invest. The implementation plan for Home Depot will aid in measuring the success of the business strategies employed. The implementation plan breaks down each strategy to steps that the management can identify with. These steps are then assigned to people to suggest when each can be completed. For the implementation to be successful, the objectives should be clear, each task should be assigned with a deadline, and then progress monitored so as to achieve the intended goals and milestones (Hess 10). In summary, the implementation plan should have: objectives, the tasks to be carried out, time allocation, and then the progress. Conclusion The Home Depot incorporation was founded by Arthur Blank and Bernie Marcus in Atlanta, Georgia in the year 1978. The company has been successful since its inception due to its good management and business strategies. With over 2,000 stores across the globe, Home Depot is a booming enterprise with Lowe as its main competitor. Even though Nardelli changed the management style and culture of the business, Home Depot has always remained unmatched. In this case analysis, the key issue identified is poor growth strategy. With decentralization of the management, this situation can be done away with since the company will be able to keep in contact with its customers. This way, products can be tailored to give the customers maximum satisfaction hence brand loyalty. An implementation plan is important for it aids in the achievement of financial objectives as well. Works Cited Hess, Edward. The Home Depot Inc. Virginia: Darden Business Publishing, 2007. Print.

McMaster University Economics and International Trade Questions

McMaster University Economics and International Trade Questions.

Consider a small country that produces T-shirts with the following demand and supply functions. P = 14 – Q and P = 4 + Q A. Graph and calculate no trade equilibrium quantity demanded/supplied, equilibrium price and consumer and producer surplus.B. Now suppose that the country (Home) engages in trade and faces the world price, Pw = $6. Graph and calculate free trade consumer and producer surplus. Does Home gain/lose from trade.C. Concerned about the welfare of the local producers, the Home government imposes a tariff in the amount of $2 (i.e., t = $2). Determine the net effect of the tariff on the Home economy. (Note: Show a, b, and c on the same graph)
McMaster University Economics and International Trade Questions

Problems of Insider Trading Essay

Insider trading takes place when a few individuals make investment decisions based on exclusive information that is not in the public domain. Depending on the prevailing market conditions, the information can either lead to profits or prevent individuals from incurring losses. Insider trading was not initially considered morally wrong, until the excesses of 1920 happened. This period was followed by depression and a change in public opinion. As a result, individuals who continued with the practice were penalized because it became morally wrong. This essay discusses ethical problems associated with insider trading. The first ethical problem associated with insider trading is deception. Insider trading has always been considered by courts as deceptive since deception is inherently wrong even without considering its harm to people. The deception associated with insider trading has numerous problems, the most significant being that its deceptive nature is not easily identified. Insider trading laws insist that false documents should not be used to find liability. Corporate insiders are therefore compelled by law to disclose the nature of their trade. Failure to disclose information about their trade might cause them to face legal sanctions. Companies are morally required to give shareholders information concerning their activities before they trade stocks. The second moral problem associated with insider trading is that it causes harm to people. In this context, harm refers to the failure by a company to achieve satisfactory social good and welfare. In the market of securities, some people gain while others lose based on the prices they get. Get your 100% original paper on any topic done in as little as 3 hours Learn More Individuals who possess a lot of information about the market are better placed to get bargains and acquire good prices. Competing with corporate insiders therefore puts individuals at risk because insiders have a lot of information. Individuals are morally required to protect themselves from the economic harm associated with insider trading. The practice is considered harmful because it denies the society social good. Sustainable existence of social good requires different people to cooperate in order to enhance credibility of the securities market. Insider trading is also believed to deter investment. Researchers have discovered that capital cost goes down after introduction of laws that regulate insider trading. The implication is that a decrease in insider trading improves social welfare. The third moral problem associated with insider trading is unfairness. This argument is based on the fact that insider traders reap unfair benefits at the expense of individuals they transact securities with. The unfair advantage that they get over other individuals is possession of exclusive information that is not in the public domain. Buyers and sellers in a transaction of securities are separated by a remarkable inequality. Insider trading is considered unfair due to information gaps that exist between buyers and sellers. However, unfairness can also be evaluated from a different perspective, which focuses on asymmetry of information that occurs as a result of unequal access of information. In simple terms, insider trading is regarded as unfair since the insider trader benefits from information that is acquired in the wrong way. Inside information is only acquired from firms but insider traders steal it. As a result, they are prohibited from using information acquired illegally because it is unfair to other traders. We will write a custom Essay on Problems of Insider Trading specifically for you! Get your first paper with 15% OFF Learn More Insider trading makes people vulnerable to economic problems since corporate insiders justify their attempts to alter stock prices for their own benefits. The trade is therefore not only harmful, but also encourages exploitative relations, which are morally wrong.