Q1:6 pointsa. Using the quantity equation, derive the negative relationship between real GDP (Y) and the Price Level (P). (2 points)b. This negative relationship underlies the aggregate demand (AD) curve. What are the factors that are held constant along a given AD curve? Explain how each factor shifts the AD curve. (4 points)Q2:7 pointsa. Using the aggregate demand-aggregate supply (AD-AS) framework, provide an explanation for the shape of the aggregate supply (AS) curve that characterizes the Classical Model. (3 points)b. Using the AD-AS framework, analyze the effects of an increase in the money supply in the Classical Model (focus on the effects on P and Y). What policy conclusions follow from this analysis as far as the need for aggregate demand management is concerned? (4 points)Q3:9 pointsa. Using the AD-AS framework, provide an explanation for the shape of the AS curve that characterizes the Keynesian Model. (3 points)b. Assume an economy that is at full employment. Now assume that there is a fall in the velocity of circulation of money (an increase in money demand). Using the AD-AS framework, analyze the effects of this in the Keynesian Model (focus on the effects on P and Y). Also explain how these effects differ from those that would emerge if you made use of the Classical Model. (4 points)c. What policy conclusions follow from the Keynesian model as far as the need for aggregate demand management is concerned? (2 points)Q4:8 pointsa.Provide a brief explanation of the Phillips curve. (2 points)b. Using the AD-AS framework, provide a description of Friedman’s explanation of stagflation. (4 points)c. How did Friedman’s explanation of stagflation undermine the Keynesian model? (2 points)
ECO 3352 HCC Intermediate Macroeconomics Quantity Equation gdp & Price Level Worksheet
Encounter with Mercury Report
Introduction The solar system is comprised of nine planets and each planet rotates on its own axis. Mercury is the innermost planet because of its close proximity to the sun. This planet can hardly support any life because the temperatures within its atmosphere are very high1, 2. However, it is difficult to observe Mercury because the sun’s rays create a high contrast, which in return blurs the image. Perhaps this is why astronauts could not explore the entire planet at a go2. The first spaceship to ever land in mercury was the Mariner 10 in 1974. In March 2011, another spaceship by the name messenger (Mercury, Surface, Space Environment, Geochemistry and Ranging) landed in mercury to complete the unfinished business that was commenced by Mariner 10 2, 3 .This paper will therefore focus on the location of mercury with respect to the solar system. Besides that, the paper will analyze the expedition of the Messenger on mercury’s surface. Figure 1 – Mercury 9 The distance between the nine planets of the solar system is very wide such that human carriers such as planes cannot cover the distance. It is in this regard that scientists invented the rockets. After the rockets were developed, astronauts have been able to explore the other planets that surround the sun 3, 4. Mercury has been of much interest because it is very close to the sun. One would think that it is not necessary to know about the other planets because each planet exists independently. However, the planets depend on one common source of natural lighting and thus, understanding what happens in the other planets would enable us to prepare for future changes such as global warming. Mercury basics Mercury Composition Mercury is comprised of metallic compounds that emit magnetic fields that are weaker than those of the earth 9. The density of this planet is almost the same to that of the earth and this explains why the winds carried the eroded soils. If its density were low, the soils would have remained on its surface. The landscape of mercury has many escarpments, mountains and craters. Figure 2 – Mercury’s Landscape Get your 100% original paper on any topic done in as little as 3 hours Learn More There are also low-lying grounds that suggest that the planet has been dormant for a long time 6. Falling comets and asteroids must have caused the craters. These two objects must have landed on mercury’s surface during a volcanic eruption; otherwise, they would not have left permanent impressions. The craters cover hundreds of kilometers and some are more than a thousand kilometers wide 7, 30. Just like the earth, mercury’s core is comprised of molten lava due to high temperatures. The falling comets pierced through its core, which caused the molten magma to leak into the pools that the falling objects created. Mercury is very small compared to the other planets. One would thus expect it to go round the sun much faster than the other planets but contrary to this, its speed is relatively slow. It takes 59 days to complete one round 8, 20. The earth takes 365 days, which adds up to one calendar year. This rotation is what brings the changes in seasons. For instance, during certain months days are longer than nights and vice versa. That is why darkness takes longer to set in. The metallic components cause mercury most of the light it receives from the sun and that is why it can be confused with the moon. There is hardly any water or even water vapor for that matter on mercury’s atmosphere 5. This is because the high temperatures would evaporate the water. But amazingly there is frozen water beneath the craters and it seems the craters shield the ice water from the high temperatures because if this was not the case the ice would have been melted and eventually evaporate into the thin air. Mercury does not have an atmosphere, but the exosphere, which has metallic compounds such as potassium, helium, hydrogen and sodium 10, occupies this vacuum. Besides that, the orbit of this planet hindered its possible exploration. Mercury has a higher orbit speed and thus the spaceship must travel at very fast speeds because any kind of hesitation would cause the entire house consumed. The above statement may not sound logical because mercury is in close proximity with the sun and thus the rays of sun are still much stronger when they land on its surface11. In fact, the temperatures in this planet can exceed 400 degrees Celsius during the day and subside to lows of negative one hundred and seventy. It is important to note that its not all craters in mercury that contain ice water and hence the ice limited to north and south poles which are at the extreme ends of the planet and thus they rarely come into contact with sun light 11, 12. It is possible to see mercury via a telescope. One can spot the planet on the western skies before the fall of darkness and early in the morning on the eastern skies 12. However, one cannot see the whole image because light does not shine on the entire planet. The planet appears in phases similar to those of the moon such as half and full. We will write a custom Report on Encounter with Mercury specifically for you! Get your first paper with 15% OFF Learn More Table 1 – Properties of Mercury 39 Mariner 10 Mariner 10 was the first spaceship that NASA (National Aeronautics and Space administration) deployed to mercury in 1974. This model aimed at eliciting an understanding of mercury’s environment, features and atmosphere 13. Among the tools fitted on the Mariner 10 included cameras with digital tape recorder, ultraviolet spectrometer, infrared radiometer, solar plasma, charged particles, magnetic fields, radio occultation and celestial mechanics. Figure 3 – Mariner 10 26 Without the enhancements, Mariner 10 would not have captured any images. This is because taking the images was supposed to happen when the spaceship was in motion. For instance, the digital camera ensured that the ship would capture as many images as possible 14. Scientists and explores aligned the spaceship to mercury’s orbit and that is how it managed to analyze the movements of this planet. The radio transmitters were to be used to transmit the findings captured on tape to the experts in NASA’s offices. The expedition did not last for long because the ship ran out of gas, which led to termination of its transmitter’s portal 15. However, scientists believe that the ship still goes round the sun, but this argument is far from being true because NASA received the last signal in 1975. NASA officials argue that the devices that are responsible for conveying information from the ship failed due to their exposure to the radiations from the sun. In essence, the mariner was able to cover 40% of mercury because the sunlight struck only one of the planets and thus, when the spaceship flew over it the images covered only one area while the rest of the planet was shadowed 16. The need for messenger Since Mariner 10 did not complete its mission, NASA decided to deploy another spaceship to provide more information on Mercury. The ship was called Messenger (Mercury Surface, Space Environment, Geochemistry and Ranging) 16, 17. Just as its name suggests, the ship was destined for mercury with the aim of analyzing the planet’s environment and the chemical matter on the planet’s surface. Messenger was launched to address the following specific questions about Mercury 38: Not sure if you can write a paper on Encounter with Mercury by yourself? We can help you for only $16.05 $11/page Learn More What was the planetary formational process of Mercury? Was it through volcanism or coverage by particles from craters? How can we describe the history of Mercury in regards to geologic concepts? What are the state and source of the planet’s magnetic composition? What is the nature and size of Mercury’s iron core? What are the essential volatile species on Mercury? What are the radar-reflective components at the planet’s surface? Messenger used the same approach like its predecessor, the Mariner 10, Messenger was bound to capture more information regarding mercury due to its advanced mechanisms. Messenger strives to address the questions above because the ship still sends information back to earth. More truth waits to be unveiled through space expeditions because now, Mercury is out of bound due to unfavorable weather conditions. In this regard, space explorations have advanced our knowledge about the solar system. The solar system is far from complete exploration because newer technologies are still emerging to ensure we are able to get more information regarding Mercury. The flyovers have been very useful because scientists have been able to understand the compositions of other planets during the epic flyovers. The position of Mercury favors space expeditions because it is very close to the sun, and thus the data obtained from it is essential to reflect the composition at the core of solar system. The space explorations help us to understand why the earth is the only planet that can support life. Messenger Messenger’s mission was commissioned in 2004 by NASA 18.The first departure took place in January 2008. This implies that the probe team needed four years to prepare for the departure to ensure that the occurrence experienced with Mariner 10 does not recur 19. Nevertheless, during the first departure the spaceship navigated over the skies of mercury and managed to capture numerous images of the planet including the other half that Mariner 10 did not cover. Test Drive The second departure happened in October 2008.The ship had earlier been tested in 2005 by NASA who made the ship to navigate the area over the earth’s surface 20. During this period of test drive NASA was certain that all the equipment were going to function as intended. The ship was able to analyze the compounds in the earth’s atmosphere. Besides that, the tools fitted on the ship were able to gauge the magnitude of the earth’s magnetism 21. Engineers repeated these tasks once the ship in the Mercury’s orbit. In October 2006, Messenger navigated the space adjacent to Venus with the aim of acquiring geological knowledge on the planet. However, NASA did not accomplish the mission because the earth was in a position that prevented the sun from emitting radiation, and thus it was difficult to capture the images without natural light 22. The explorers had to repeat the fly over session in June 2007 because the first one did not bear any fruits. During this second episode, the tools mounted on the ship were able to capture images on the surface of Venus. This success was because of the sun’s radiation that created ultraviolet rays, thus enhancing the imaging process 23. The camera captured the images in x-ray format. Encounter with Mercury After the first and the second flyovers in 2008 were successful, Messenger decided to make the last navigation in 2009. It is important to note that the aim of each flyover was to capture more information than the previous one and therefore the ship had to fly deeper to get a clear view. During this last session, the speed of the ship declined and thus it had to proceed in safe mode 24. This challenge did not hinder it from navigating the space but it eventually led to loss of data captured. However, scientists managed to control the situation seven hours later. The ship had to go deeper into the space, and it was difficult to achieve this objective without altering the velocity of the ship. Engineers executed the DSM-5, which was part of the ship to earn the magnitude of velocity that was necessary to enhance the integration process. Figure 4 – Messenger Orbiting Mercury 13 If DMS-5 was not eliminated the ship would not have been able to move faster once it reached the sun’s gravity pond. In addition, the ship would have consumed a lot of fuel to travel at a higher speed 25. In March 2011, NASA managed to incorporate Messenger at a strategic position in Mercury’s orbit to shield it from the sun’s radiation. Spaceship Design The entire structure of the ship measures 1.82 meters, which is its height and a corresponding width of 1.27 meters 26. The engineers hoist the structure using graphite fiber materials, which ensure that the propellant tanks remain in their place. The graphite panels is made into a compartment that houses the LVA(large velocity adjust) thrust, attitude regulators, rectification thrusters, antennas, instrument pallet and extensive ceramic textile material. The ship’s luggage capacity cannot exceed 607.8 kilograms 27. Four 22N monopropellant thrusters direct the ship when the engine executed the10 thrusters at the initial stage. The attitude regulators, through a response wheel attitude-regulator system use the monopropellant thrusters. Attitude regulation is induced by information availed by star trackers in conjunction with inertial system and six sun sensors 28. Two small deep space transponders convey information through the deep space network. The DSN is aided by three antennas that transmit signals at different intervals that are high, medium and low 28. All the three antennas have the capacity to convey 8.4 GHz of signal. On the other hand, they cannot accept signals beyond 7.2 GHz. The antennas are on the uppermost front such that they are in the sun’s line of view. Another pair of three antennas is on the rear of the ship 29. This positioning of antennas ensures that they can get signals from the surrounding environment before and after approaching the planet. The spaceship obtains power from a two panel solar array that generates 450 watts. Each of the panel is movable which means they can rotate as the position of the sun changes. The panels are fitted with reflectors to divert excess solar energy. The solar energy is stored in a 23-ampere nickel hydrogen battery. Besides, a computerized system operates The Messenger. IBM manufactures the processors of the system and they are highly resistant to radiation. One of the processors is 25 MHz. This capacity is ideal because this processor handles most of the tasks in the system. The other processor is 10 MHz and is responsible for rectifying any errors that may arise during the ship’s expedition 30. The ship has recorders that are specialized for capturing still images and has the storage capacity of one gigabyte. The recorders have a processor that keeps the information obtained from the space in compressed formats, which the machine then conveys to NASA offices for interpretation purposes. This means that if the spaceship downloads information to the wrong target, the data would be irrelevant. The spaceship employs a SciBox application program to induce the functionality of the tools that are responsible for capturing images and radiations 31. The program ensures that each tool functions independently to avoid a clash of system request. This is similar to interrupt requests allocated to computer devices to ensure that the system understands the device that seeks its attention. Tools on the Spaceship The Messenger has many instruments that enhance its performance. They include numerous CCD cameras. Among the cameras, two of them are unique in their specification because they capture images at broad and narrow angles 32. These cameras have extremely high resolutions because their lenses have 250 pixels and that capability is limited to every 250 meters. Figure 5 – Imaging System 30 The wide-angle camera captures colored images when need arises. The cameras reside on a raised surface but most times, they are on top of edges of pointed structures. The wide-angle camera is useful because it helps to draw a line between objects that are in a given image. Without the cameras, it would be very difficult to analyze the features of mercury because the spaceship does not stop during the expedition. Gamma-ray spectrometer (GRS) gauges the gamma rays received from the core of mercury. This device is capable of detecting the presence of certain compounds in the gamma rays 33. The compounds that are most likely to be contained in gamma rays emitted from the core of a given planet include oxygen, silicon, sulphur, iron, hydrogen, potassium, thorium and uranium. Figure 6 – Components of Messenger Neutron Spectrometer (NS) analyzes hydrogen compounds in a given mineral matter within a range of forty centimeters. This analysis commences when cosmic rays meet the surface of the mineral. This means that the cosmic rays penetrate forty centimeters into the surface of the mineral. Without this ability, it would be difficult to understand the composition of the minerals because the materials are difficult to extract 33. Figure 7 – X-ray Spectrometer 16 The x-ray spectrometer (XRS) enables one to see the inside of the surface of mercury by identifying the x-ray spectral dimensions originating from magnesium, aluminum, sulphur, calcium, iron and titanium within a range of 1-10 keV. This device uses the same technology as x-ray equipments used in diagnosis of humans. Through x-ray imaging, we are able to understand the core structure of mercury. The magnetometer (MAG) gauges the magnetic field from the core of a given planet. The same tool determines whether the magnetic field is strong or weak 34. The earth has a stronger magnetic field than that of mercury: the MAG elicited this information. The Mercury laser altimeter (MLA) evaluates the heights of tall features on the surface of mercury such as mountains and ridges. Scientists obtain the exact details of land formations when the infrared light lands on the surface of mercury and because while the ship is in motion, it derives the figures when the light is departing from a given area. Additionally, the mercury atmospheric and surface composition spectrometer (MASCS) analyzes the attributes of mercury’s atmosphere. This knowledge emerges because the machine traps the ultraviolet rays that fall on the surface of mercury when they are being refracted 35. The reflectance helps is detecting the presence of titanium and iron on the surface of mercury. Besides that, the charged particle and plasma spectrometer (EPPS) gauges the charged particles that are within mercury’s magnetosphere by employing a charged particle spectrometer to observe the charged particle that is obtained from the surface of mercury during the use of fast imaging plasma spectrometer. Messenger Data to-Date The expeditions of Messenger into mercury have inspired other agencies to embark on their own missions. Japan is planning to combine its efforts with Bepicolombo, which is a European agency in a bid to deploy a spaceship to mercury 36. The two entities have two common agendas, which entail understanding the map of the planet and evaluating the magnetosphere of the same planet. Bepicolombo is committed to penetrating the orbit of mercury by the year 2019. This is because the agency aims at gaining geological knowledge of planets that are adjacent to mercury in its first years. This is to suggest that they will employ the same tactics of flying over the planet several times 37. The approach is ideal because it worked for mariner 10 and Messenger. The Russian Soyuz also expects to deploy their spaceship into the orbit of mercury. Conclusions It seems that geological agencies are focusing on understanding the structure of mercury. The space expeditions are significant because they help in eliminating assumptions. For instance, before the deployment of mariner 10 some people used to think mercury is a star while others thought it is a moon of its own kind. Other agencies should refer to the experience that Mariner 10 encountered to keep their distance from the sun to avoid coming into contact with radiations of the sun. Telescopic observations should also continue because they can also capture events as they unfold. The materials used to construct spaceship should be resistant to radiation such as the ones used on Messenger. Before deploying a spaceship into the space, engineers should test-drive it to prove that all the tools are functioning as expected. The structure of the spaceship should be flexible to take full advantage of the solar energy as was seen in Messenger. Moreover, engineers must not ignore scientific tools in a spaceship, and that means that a backup plan is required, just in case there is any fault. References “BepiColumbo – Background Science”. European Space Agency. “Countdown to MESSENGER’s Closest Approach with Mercury”. Johns Hopkins University Applied Physics Laboratory. 2008. Web. “ESA gives go-ahead to build BepiColombo”. European Space Agency. 2007. Web. “Gamma-Ray and Neutron Spectrometer (GRNS)“. NASA / National Space Science Data Center. Web. “Magnetometer (MAG)“. NASA / National Space Science Data Center. Web. “Mercury Dual Imaging System (MDIS)“. NASA / National Space Science Data Center. Web. “Mercury Elongation and Distance”. Numbers generated using the Solar System Dynamics Group, Horizons On-Line Ephemeris System. Web. “Mercury”. NASA Jet Propulsion Laboratory. Web. “MESSENGER Engine Burn Puts Spacecraft on Track for Venus“. Space Ref. Web. “MESSENGER Gains Critical Gravity Assist for Mercury Orbital Observations”. MESSENGER Mission News. “NASA Spacecraft Circling Mercury”. The New York Times. Web. “Space Topics: Compare the Planets: Mercury, Venus, Earth, The Moon, and Mars”. Planetary Society. Web. “The Medium-gain Antenna of the MESSENGER Spacecraft”. Microwave Journal. October 1, 2005. “The Medium-gain Antenna of the MESSENGER Spacecraft”. Microwave Journal. October 1, 2005. “X-ray Spectrometer (XRS)“. NASA / National Space Science Data Center. Web. Bakich, M. E. (2000). The Cambridge Planetary Handbook. New York: Cambridge University Press Baumgardner, J., Mendillo, M.,
SWOT Analysis For Ferrari
essay help online A SWOT analysis assists with this planning because it identifies the company’s strengths, weaknesses, opportunities and threats. Professor Kenneth Andrews of Harvard Business School defined the SWOT analysis “as a reasonable method of analyzing and reviewing an organization present position. He has also proved how vital it is for an organization to communicate its operation objectives with its strategic activities” (netmba.com). Currently companies have adopted the SWOT analysis as a tool to detect their company’s position. Hence highlight on their internal competences based on strengths, weaknesses, opportunities and threat SWOT ANALYSIS FOR FERRARI Ferrari is engaged in the manufacturing and distribution of automobiles with greater expertise with fast moving vehicles, in addition to components for those products. Ferrari has a diversified product portfolio. Business diversification shields Ferrari against demand fluctuations in certain product categories and also enables it to benefit from opportunities available in various divisions. However, recession in global economy would harm Ferrari’s business by adversely affecting its revenues, results of operations, cash flows and financial condition. Strengths Business diversification Ferrari has a diversified product portfolio. The company operates through different business divisions including: Ferrari group automobiles, Magneti Marelli, Ferrari and Ferrari Powertrain Technologies(FPT), and others. Ferrari group’s automobile division designs, produces and sells vehicles under the Ferrari, Alfa Romeo, Lancia and Abarth brands. The Ferrari group automobiles division accounted to 44.9% of total revenues in FY2008.The CNH division of the group accounted to 21.4% of total revenues in FY2008. Magneti Marelli division designs and produces cutting-edge technology systems and components for vehicles. It also operates in the distribution of spare-parts in the independent market.This division accounted to 5.5% of total revenues of Ferrari. Ferrari offers luxury cars and it accounted to 3.1% of total revenues of the group. This division accounted to 1.2% of total revenues. Maserati produces luxury sports cars. Ferrari’s Maserati division accounted to 1.2% of total revenues in FY2008.Teksid manufactures different ranges of engine blocks, suspensions and aluminum cylinder heads. Teksid accounted to 0.9% of total revenues. The other operating divisions of the group include the publishing and communications operations advertising space inprint, television and internet media operations. The other operating division of the group accounted to 1.2% of total revenues. Business diversification shields Ferrari against demand fluctuations in certain product categories and also enables it to benefit from opportunities available in various divisions. Strategic acquisition Ferrari has focused on strategic acquisition to expand its business. FPT Powertrain Technologies fully acquired Tritec Motors from Chrysler and decided to give is a new name which is FPT Powertrain do Brasil – Industria e Comercio de Motores. The purchase includes the facilities, the manufacturing unit, the production lines and the license to produce the current range of products. The group completed the purchase accounting for this acquisition in the second quarter of FY2008. This acquisition enables Ferrari to reach two main strategic goals, first, to attract an even larger number of non-captive customers for this product. Secondly, to widen its product portfolio, offering modern and competitive product range. Therefore, this acquisition enhanced Ferrari’s product range and increased its geographic reach by expanding its customer base. Innovative products Despite challenging market conditions in 2008, Ferrari added several products to its existing product range. Innovation continued with a focus on both product and methodology. Product innovation was centred around six key elements: new generation vehicles, best-in-class fuel efficiency, high perceived quality of cabin environment, cost-effective solutions for frames, excellence in preventive security, and evolution of telematic systems. In FY2008, Ferrari Group Automobiles launched many products including: Alfa Romeo’s MiTo, in the compact segment; Ferrari Qubo; the Grande Punto Natural Power;Ferrari brand’s 500 by diesel; Alfa 8C Spider; and the new Delta. Ferrari’s product range was further enhanced with the 2008 model year versions of several existing models and sale of the new 4×2 version of the Ferrari Sedici SUV also began during the same year. Weaknesses Lack of scale compared to peers Ferrari lacks the scale to compete with large players in the markets in which it operates. Many of its competitors such as General Motors, Ford Motor and Daimler are larger in size. General Motors, for instance, recorded revenues of $148,979 million and employees of 235,000 in 2008, while Ford Motor recorded revenues of $146,277 million and employees of 213,000 during the same period. Daimler recorded revenues of E95,873 million ($141,061.8 million) and employees of 273,216 during FY2008. The revenues of Ferrari is E59,380 million ($87,368.2 million) and employees of 198,348 in FY2008, much lesser than that of its competitors. Revenue per employee for Ferrari during FY2008 was $440,479.4 which is considerably lower than its competitors General Motors ($633,953.2), Ford Motor ($686,746.5) and Daimler ($516,301.4) during same period. Ferrari’s top competitors with larger scale and more financial resources limit the group’s ability to compete effectively. Weak performance of business divisions In FY2008, Ferrari witnessed decline in its sales in major business divisions, including Iveco, FPT, Teksid and others. Iveco accounted to 17.9% of the total revenues during FY2008. It declined 4.1% to reach E10,653 million ($15,674.2 million) in FY2008. The decline in sales was due to decrease in demand for vehicles. In 2008, demand for commercial vehicles in Western Europe declined 6.9% to 1,172,000 units, particularly in Spain (-37.5%), Italy (-6.9%) and Great Britain (-2.5%). France and Germany also registered slight decline over 2007 levels. The light vehicle segment of Iveco declined 9.1% from 2007. Spain posted a marked decline (-41.4%), Italy (-8%), France (-4.4%) and Great Britain (-6.9%). Demand in the Iveco’s medium vehicle segment also decreased 3.9% over 2007, particularly in Spain (-23.7%), Italy (-10.1%) and Germany (-3.8%). The FPT division contributed to 2.5% of the total revenues. It witnessed a decline of 9.3% to reach E1,509 million ($2,220.3 million) in FY2008. This was due to decrease in demand for passenger and commercial vehicles. Similarly, Teksid accounted to 0.9% of total revenues and witnessed amarginal decrease of 0.7% to reach E537 million ($790.1 million). The decrease in sales was dueto a sharp decline in demand in the last quarter of FY2008. In addition, the others division alsodeclined 3.3% to reach E724 million ($1,065.3 million). Therefore, sluggish performance of major operating divisions will eventually affect Ferrari’s financial position and puts pressure on other profit making divisions of the company. Poor performance of Ferrari in major markets Ferrari’s sales witnessed poor performance in some of its key geographic segments. Italy, which is thel argest geographic market for Ferrari, accounted for 24.1% of the total revenues in FY2008. Revenuesfrom Italy reached E14,316 million ($21,063.7 million) in FY2008, a decline of 9.7% compared to 2007. The US accounted to 8% of total revenues and it reached E4,723 million ($6,949.1 million), a decline of 2% compared to 2007. Germany, which accounted to 7.7% of total revenues, declined1.7% to reach E4,597 million ($6,763.7 million) in FY2008. Similarly, the UK accounted 5.6% of total revenues and it accounted to E2,349 million ($3,456.2 million). Spain, which accounted to 3.8% of total revenues, declined 30.8% to reach E2,242 million ($3,298.7 million) in FY2008.Turkey accounted to 2% of total revenues and it declined 2.9% to reach E1,195 million ($1,758.3 million).The decrease in revenue contribution from Italy, the US, Germany, the UK, Spain, and Turkey and other countries has offset the increase in revenues witnessed by Brazil, France, Poland and other regions.Therefore,poor performance of Ferrari in major markets may eventually affect the group’s financial performance. Opportunities Growing economy in India and China Developing economies in Asia are spending heavily on luxury material. The Indian construction and engineering industry is forecasted to increase at a CAGR (2007-12) of 7.9%. The value of this industry is forecast to reach $55.8 billion, in 2012. This growth is driven by increased spending on infrastructure and industrial projects.The construction and engineering industry in China is also expected to reach $282.4 billion in 2012, with an anticipated CAGR (2007-12) of 12.4%. Foreign direct investment, exports and public infrastructure spending are forecast to drive construction spending in China. Ferrari has a strong presence in construction industry. Through its agricultural and construction equipment business, Ferrari offers a wide range of tools, equipment and services to the construction industry.Therefore, growth in infrastructure and construction industry in India and China would boost demand for the group’s products and services. Threats Forecasted global recession in 2009 The global economy is presently in a massive financial instability thereby causing an acute loss of confidence. According to the world economy outlook of the IMF, global economies will decrease sharply in 2009 and in 2010. The company has presence primarily in Italy, Brazil, France, the US, Germany, the UK, Spain, Poland, Turkey, and other. As Ferrari conducts businesses on a global scale, there is a relationship between the company’s operating results and economic trends in major countries around the world.The worldwide financial and economic crisis triggered significant and widespread deterioration of trading conditions in most sectors and regions where Ferrari operates. According to IMF, the GDP growth rate of Italy is forecasted to decline from -1% in 2008 to -4.4 in 2009. Italian exports plummeted 26% in January 2009 from a year ago, the biggest drop since 1991. Italian retail sales contracted for the 24th consecutive month in February 2009, as the credit crunch tightened its grip on spending, and consumers put off purchases of cars and other products. Italy is the largest geographic market of Ferrari and it accounted to 24.1% of total revenues in FY2008. Similarly, the GDP growth rate of Brazil is forecasted to decline from 5.1% in 2008 to -1.3% in 2009. Brazil is the second largest geographical market and it accounted to 14.6% of total revenues. Also, the GDP growth rate of Eurozone is forecasted to decline from 0.9% in 2008 to -4.2% in 2009.These economic factors initially affected consumer demand for less fuel efficient vehicles, particularly full-size pick-up trucks and sport utility vehicles. In addition, consumer demand for automobiles has contracted due to a decline in the availability of financing and a significant contraction in consumer spending based on the continued recession in the US, resulting in automobile sales at their lowest levels in 16 years. Therefore, further recession in global economy would harm Ferrari’s business by adversely affecting its revenues. Downturn of global automotive industry The present global economy downturn is also affecting the automotive industry from the year 2008. The total sales in the number of cars sold decreased compared to the former year. A continuation of this trend in the future would slowdown the demand for the group’s products and may eventually affect its revenues. Competitive pressure The global automotive industry is highly competitive. Ferrari is subject to intense competition in substantially all of its product area. Some of its competitors are, Daimler,Ford Motor, General Motors, Honda Motor, Nissan Motor, PSA Peugeot Citroen, Renault, Volkswagen. Ferrari is also subjected to increase in price pressure. Therefore, working in such a competitive environment could put additional pressures on the operations of the group. This intense competition results in price discounting and margin pressures throughout the industry andadversely affects Ferrari’s ability to increase or maintain vehicle prices.
University of Maryland Global Campus Data Breach Briefing Statement Discussion
University of Maryland Global Campus Data Breach Briefing Statement Discussion.
Review the Red Clay Renovations company profile and the weekly readings. Provide specific information about “the company” in your response.
Due to changes in state and federal laws, Red Clay leadership decided the CISO will be the sole accountable official for responding to all data breaches. This change in responsibility drives the requirement for the new data breach reporting policy. The new policy will restrict the freedoms field offices currently have with respect to handling security incidents. For example, past practice did not require reporting data breaches to the company’s CISO.
Prepare a two-page briefing statement (5 to 7 paragraphs) for the company’s leadership team that presents the CISO’s Communications Strategy for policy issuances (new, updated, changed policies). Include in your briefing an explanation (example) of how this strategy will be used to inform field office employees and managers about a new “”data breach reporting” policy. You are not writing a data breach reporting policy – you are writing a statement that presents a communication strategy for the company’s new data breach reporting policy.
University of Maryland Global Campus Data Breach Briefing Statement Discussion
Adolescent pregnancy is viewed as a high-risk situation because it poses serious health risks for the mother and the baby. Describe various risk factors or precursors to adolescent pregnancy. Research community and state resources devoted in adolescent pregnancy and describe at least two of these resources. Research the teen pregnancy rates for the last 10 years for your state and community. Has this rate increased or decreased? Discuss possible reasons for an increase or decrease.