Monday, January 27, 2020
Implementing An Effective Food Safety Management System Management Essay
Implementing An Effective Food Safety Management System Management Essay Regarding to the research hypothesis, the researcher concluded that there are two main critical factors were revealed through the data analysis that not only were considered as the most important factors in implementing an effective Food Safety Management System (ISO 22000), but also proved to be the most influential factors in the optimization of the degree of the effectiveness of FSMS (ISO 22000) for implementation in Egyptian food processing company. The management responsibility with regard to enhance communication between stuff, update FSMS, motivate stuff members and allocate resources for effective FSMS implementations and planning for realization of safe products implementation such as identifying potential hazards, update and review HACCP plan and planning for meeting FSMS requirements have a major and important impact on increasing the effective implementation of FSMS (ISO 22000). Regarding to availability of uncomplicated documentation and general managerial procedures requirements beside good resources management have a good impact on effective implementation of FSMS (ISO 22000). In other words, in order for the food companies to effectively implement FSMS system they should focus their efforts to strengthen their internal documentation system, management responsibility, resources management and planning and realization of safe products for enhancing improvement and effective implementation of FSMS (ISO22000). As a final conclusion, the food safety quality management system should be reviewed, evaluated and updated regularly to improve its effectiveness. An effective planning for producing a safe food product will participate in achieving a positive progress trend in FSMS effectiveness implementation. The researcher believes that HACCP planning has a big influence on the success of the effective implementation of a food safety quality management system in any food manufacturing organization, training courses, inductions and seminars should be regularly conducted for all levels of personnel to enhance their awareness of the importance of the food quality management system. 6.2 Recommendations for Future Work It is recommended to expand the scope of study to cover other sectors in the company food chain not only food manufacturing but also suppliers, warehouses, export and end user or any other sector, to have an overall evaluation of the food safety quality management system implemented in Dreem Company. This overall evaluation will help maintain and improve the food safety quality management system to be able to cope with the future developments and strengthen the ability of Dreem Company to produce safe products and compete in both local and international markets. 6.3 Limitations However, this study suffers from some limitations, which need corrective actions to help the system to be more effective, this limitation can be summarized as follows: Concerning sample size Due to the small sample size, these results cannot be generalized to the entire Egyptian food industry. Further work must incorporate a larger sample size and many companies interested in the field of food processing. Concerning Documentation and General Requirements 1. It can be noticed that there is a lot of paper work and documents that are used in monitoring FSMS, that consider being a hindrance of the constraints the application system effectively, redesign documentation system and eliminating all non value added paper work will support implementing FSMS effectively. 2. Documentation system needed to be updated periodically according to continuous updating of FSMS and to meet system and company modern applications. 3. Additional awareness and efforts is required to inform staff member with the importance of documents in monitoring FSMS and involve staff member in establishing documents that fit with the purpose of use. 4. Hazards that might affect products and food safety needed to be more defined and addressed in different functions to generate sharp focus considering potential hazards, only production, quality control and quality assurance functions have posted and addressed visual aids clarify hazards might affect the product, hazards that might affect Food Safety should be addressed in other functions like warehouses maintenance and logistics 5. It can be noticed that there is a lake of proper systems to drive the consistent implementation of the policy, since not all staff and employees understand the company policy and strategy of the company to achieve desired levels of food safety, awareness and inductions especially to the new comers or new entry employees needed to highlight policy and strategy. Concerning Management Responsibility 1. Top management should counter about motivating employee and inspiring them, high number of the staff feeling that top management focused only on quantities rather that quality, so employees and stuff needed to be motivated by top management and to align both of focusing on quantities with focus on product quality 2. Lack of defining responsibilities and authorities inter company, researcher noticed that many employees are not aware by the authority and responsibilities of middle management staff and team leaders and how the responsibility and authority can be used effectively in effective implementation of FSMS and overcome different potential obstacles, top management should prepare appropriate job descriptions and well defined rules for different employees in FSMS applications 3. Communication between top management and staff members should be developed to know the problems and listening to their suggestions for solving and removing obstacles that impede effective implementation of FSMS 4. At the same time top management should inform staff member with modification and updates in regulatory and statutory in regular manner through meeting with function headers and food safety team members. Concerning Resources Management 1. The researcher concluded that financial and physical resources should be ad equated provided to improve the effective implementation of FSMS, facilities and materials that enhance hygiene and GMPs should be available and provided in timely manner for different areas. 2. It is noticed that a lot of number of new employers are coming from different cultures and they have not previous experience about how to handle food products, hygiene requirements, GMPs and food manufacturing instructions, continuous inductions, awareness and training should be delivered to new comer employees and current employees 3. Level of current competences for staff members should be reviewed regularly to evaluate different training needs for staff member that enhance effective implementations of FSMS. Concerning Planning and realization for safe products 1. The researcher found that PRPs must gain more attention to be an effective tool in improving FSMS applications, procedures should be established to ensure the effectiveness of PRPs implementations and allocated resources for implementing PRPs programs. 2. To improve quality control level visual aids should be addressed and posted to communicate and inform staff members with quality parameters levels. Also to provide training for labors and quality control observers with the recent modification in FSMS and updated quality control parameters for different products. 3. Evaluating and monitoring CCPs results should be announced to staff member to participate in solving and remove potential hazards that might affect the products. 4. Corrective actions should be reviewed in timely regular manner. Remove all obstacles that might hinder follow up and implementation of corrective actions that researcher found that many corrective actions still opened and needed for effective actions to close them. Concerning Improve Food Safety Management System 1. It can be noticed that there is a lake of implementing evaluation and measurement for FSMS implementations before and after improvements or corrective actions to view the progress of applications. Analysis of performance is applied but not on wide scale in FSMS 2. Researcher found that there is shortage in validation of the effectiveness of implementing FSMS during regular period of times. Many methods and applications of FSMS needed to be verificated and validated, also all assignable root causes should be removed. 3. The FSMS could be more effective if the findings for internal and external audits are gained more attention for implementations and validations. References References: Adams, C.E. (1994), à ¿Ã ½ISO 9000 and HACCP systemsà ¿Ã ½, Food and Drug Law Journal., Vol. 49, pp. 603-7. Adams, C. (2000), à ¿Ã ½HACCP applications in the foodservice industryà ¿Ã ½, Journal of the Association of Food and Drug Officials, Vol. 94 No. 4, pp. 22-5. Al-Nakeeb, A., Williams, T., Hibberd, P. and Gronow, S. (1998), à ¿Ã ½Measuring the effectiveness of quality assurance systems in the construction industryà ¿Ã ½, Property Management, Vol. 16 No. 4, pp. 222-8. 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Saturday, January 18, 2020
ââ¬ÅAnthem For A Doomed Youthââ¬Â By Wilfred Owen Essay
ââ¬Å"Anthem for Doomed Youthâ⬠is an elegy in which Wilfred Owen conveys his heart felt sadness and disgust for the loss of life in World War I. This poem shatters the fantasized images of war by juxtaposing the opposite worlds of reality and the romanticized rhetoric that distorts it. He writes about the true experience of military death, and effectively expresses these powerful sentiments in only fourteen lines by use of a somewhat violent imagery that is compounded by the constant comparison of reality to myth. The poem is intriguingly entitled, ââ¬Å"Anthem for Doomed Youth.â⬠Beginning with the title, Owen places his words into a context that contrasts with his message. An anthem is usually a patriotic song of a group of people, country, or nation as a means to honor it, such as in the National Anthem. An anthem is a song that is supposed to conjure up feelings of chauvinism, and love for oneââ¬â¢s country or group. Here in America, our National Anthem especially reminds us of the soldier, who is constantly juxtaposed with the image of theâ⬠Star Spangled Bannerâ⬠. The National Anthem is thought to be something that is synonymous with praise for oneââ¬â¢s country and support of its troops. For Owen to name his poem ââ¬Å"Anthem for Doomed Youthâ⬠implies that those Doomed Youth have no other anthem to honor them. Owen is saying that the experience of the dying youth is not the one that is conveyed in the National Anthem. His argument is that his poem expresses the true sentiment of the dying youth of war. In the first sentence, Owen begins describing what he views as the authentic image of war by use of an eye-catching analogy. This analogy postulates that the youth who are being massacred are dying like cattle. This is such a striking phrase because cattle live and die the worst of lives. Cattle are bred only for mass slaughter, and death is inevitable for them. They are kept in confined places, often surrounded by fences and barbed wire. Cattle are also considered to have no purpose in life except to serve and nourish others. It is clear that this comparison of dying soldiers to cattle is not a flattering one, and it is a comparison that would not be given by an advocate of war. It is in direct opposition to the description of valor andà honor that comes forward from the romanticized description of soldiers. Owen places this striking analogy at the end of a rhetorical question that he himself answers in the next few lines. The question that Owen asks is, ââ¬Å"What passing bells for these who die as cattle?â⬠The passing bells refer to the bells that are tolled after someoneââ¬â¢s death to announce that death to the world. Owen says that unlike a funeral procession the only things that announce the death of these soldiers are the sounds of the instruments that killed them. He answers his opening question by saying that the only bells that are tolled are the indelible sounds of war and death. When describing those sounds of war, Owen projects upon the reader the evil pastimes of war through words like ââ¬Å"monstrous,â⬠ââ¬Å"anger,â⬠and ââ¬Å"rattle.â⬠These are words that give the reader a taste of fear, and a sense of echoing loneliness. The second stanza continues in its comparing of the sounds and images of a funeral procession to the sounds and images of a battlefield. He uses vivid words to show the harshness of war in this stanza just as he did in the first stanza. However, in the second stanza, Owen focuses on imagery of sadness and remorse rather than evil and horror. Owen seems to be sequentially describing the problems with the war in the first eight lines. First, he ingrains on the reader the sights and sounds of the battlefield. Then, he expresses the after effects of sorrow and sadness. For example, the second stanza contains the words ââ¬Å"mourning,â⬠ââ¬Å"wailing,â⬠ââ¬Å"bugles,â⬠ââ¬Å"sad,â⬠and ââ¬Å"shires,â⬠all signs and descriptions of remorse. The concluding sestet brakes off greatly from the rest of the poem. The first two stanzas use heavy imagery to illustrate the horrors of war, and the loneliness that accompanies it. The stanzas lament over the fact that the soldiers die a death of vanity, and are not remembered. The words that are used are very harsh and acidic in that they leave the reader with a feeling of the bloodshed and loss. The last stanza is more melancholy and reflective in its words than the previous two. And unlike the first two stanzas, the question that introduces them is answered in a way that leaves the reader with some type of solace. This feeling of hope in the sestet is culminatedà in the last lines of the stanza, showing that the boys will be remembered by some. Owenââ¬â¢s sobering imagery is greatly empowered through his juxtaposition of conflicting ideas of war. Another example of this is his formatting the poem into a sonnet. Sonnets are normally written about themes of love and romance. Owen wrote about death and disenfranchisement. The use of the word ââ¬Å"anthemâ⬠in the title adds to this style as well. An anthem is usually a superficial, upbeat, sappy song. This anthem is sad, gloomy, and somber. This usage of irony gives the poem a shocking effect by packaging the text of the poem in the form of a sonnet and anthem while the poem has a message that is antithetical to those two genres. This seemingly paradoxical approach makes the reader feel the power of Owenââ¬â¢s concepts because those concepts are so strongly contrasted by conflicting images.
Friday, January 10, 2020
Pricing Strategy Essay
Pricing refers to the process of setting a price for a product or service and more than any other element of your marketing mix, will have the biggest impact on the amount of profit you make. Developing an effective pricing strategy is a critical element of marketing because pricing is the only element of the marketing mix that creates sales revenue; the other elements create costs and sales volume. An effective pricing strategy will help you: meet your profit objectives meet or beat your competitorsââ¬â¢ prices retain or increase your market share match the image or reputation of your business, product or service match your offer to market demand To arrive at a price for your product or service youââ¬â¢ll need to: Establish what it costs to offer and deliver your products. Without this knowledge, youââ¬â¢ll have no idea whether your prices are sufficient to not only cover all your costs, but to return a profit. Few businesses have failed because their prices are too high, however, many have folded because their prices werenââ¬â¢t high enough to cover costs or generate a profit. Conduct market research to establish what price your competitors are charging and what is the optimum price customers would be willing to pay for your product. Your price will inevitably fall somewhere between that which is too low to produce a profit and that which is too high to generate any demand. The pricing structure A pricing structure consists of a base (or list) price and a variety of price modifiers which depend on the type of product you are selling and the type of market in which you operate. The most common price modifiers are outlined below: Quantity discount ââ¬â an incentive to buy more. Settlement discount ââ¬â an incentive to pay quickly. Promotional discount ââ¬â a discount for a specific period of time. Seasonal discount ââ¬â an incentive to clear seasonally sensitive stock. Cash rebate ââ¬â an after-sale incentive linked to a specified target. Ranging allowance ââ¬â paid to a reseller in return for them stocking your product. Promotional allowance ââ¬â for participation in a promotional campaign. Delivery fee ââ¬â an amount you charge for delivering the product. Credit card fee ââ¬â an amount you charge on credit card purchases. At the end of the day, your objective should be to achieve the best possible price for your products or services taking into account: The value they provide for your customers ââ¬â ie: how they satisfy their needs and wants in terms of features, benefits, utility value and prestige. Your cost structure ââ¬â what is your break-even point and how much profit do you want to make? Go to the Financial section for more information on calculating your break-even point and determining profit targets. The competitive environment ââ¬â what do your competitors charge for similar products and services? Your competitive advantage ââ¬â do the products or services provide advantages that warrant a price premium? The economic and market environment ââ¬â what is the level of demand in your industry? A business can use a variety of pricing strategies when selling a product or service. The Price can be set to maximize profitability for each unit sold or from the market overall. It can be used to defend an existing market from new entrants, to increase market share within a market or to enter a new market. Businesses may benefit from lowering or raising prices, depending on the needs and behaviors of customers and clients in the particular market. Finding the right pricing strategy is an important element in running a successful business.[1] Method of pricing in which all costs are recovered.The price of the product includes the variable cost of each item plus a proportionate amount of the fixed costs. Contribution margin-based pricing[edit] Main article: Contribution margin-based pricing Contribution margin-based pricing maximizes the profit derived from anà individual product, based on the difference between the productââ¬â¢s price and variable costs (the productââ¬â¢s contribution margin per unit), and on oneââ¬â¢s assumptions regarding the relationship between the productââ¬â¢s price and the number of units that can be sold at that price. The productââ¬â¢s contribution to total firm profit (i.e. to operating income) is maximized when a price is chosen that maximizes the following: (contribution margin per unit) X (number of units sold). In cost-plus pricing, a company first determines its break-even price for the product. This is done by calculating all the costs involved in the production, marketing and distribution of the product. Then a markup is set for each unit, based on the profit the company needs to make, its sales objectives and the price it believes customers will pay. For example, if the company needs a 15 percent profit margin and the break-even price is $2.59, the price will be set at $2.98 ($2.59 x 1.15).[2] Creaming or skimming[edit] In most skimming, goods are sold at higher prices so that fewer sales are needed to break even. Selling a product at a high price, sacrificing high sales to gain a high profit is therefore ââ¬Å"skimmingâ⬠the market. Skimming is usually employed to reimburse the cost of investment of the original research into the product: commonly used in electronic markets when a new range, such as DVD players, are firstly dispatched into the market at a high price. This strategy is often used to target ââ¬Å"early adoptersâ⬠of a product or service. Early adopters generally have a relatively lower price-sensitivity ââ¬â this can be attributed to: their need for the product outweighing their need to economise; a greater understanding of the productââ¬â¢s value; or simply having a higher disposable income. It will maximize profits for the better of the company. This strategy is employed only for a limited duration to recover most of the investment made to build the product. To gain further market share, a seller must use other pricing tactics such as economy or penetration. This method can have some setbacks as it could leave the product at a high price against the competition.[3] Decoy pricing[edit] Method of pricing where the seller offers at least three products, and where two of them have a similar or equal price. The two products with the similar prices should be the most expensive ones, and one of the two should be less attractive than the other. This strategy will make people compare the options with similar prices, and as a result sales of the most attractive choice will increase.[4] Freemium[edit] Main article: Freemium Freemium is a business model that works by offering a product or service free of charge (typically digital offerings such as software, content, games, web services or other) while charging a premium for advanced features, functionality, or related products and services. The word ââ¬Å"freemiumâ⬠is a portmanteau combining the two aspects of the business model: ââ¬Å"freeâ⬠and ââ¬Å"premiumâ⬠. It has become a highly popular model, with notable success. High-low pricing[edit] Method of pricing for an organization where the goods or services offered by the organization are regularly priced higher than competitors, but through promotions, advertisements, and or coupons, lower prices are offered on key items. The lower promotional prices are designed to bring customers to the organization where the customer is offered the promotional product as well as the regular higher priced products.[5] Limit pricing[edit] Main article: Limit price A limit price is the price set by a monopolist to discourage economic entry into a market, and is illegal in many countries. The limit price is the price that the entrant would face upon entering as long as the incumbent firm did not decrease output. The limit price is often lower than the average cost of production or just low enough to make entering not profitable. The quantity produced by the incumbent firm to act as a deterrent to entry is usually larger than would be optimal for a monopolist,à but might still produce higher economic profits than would be earned under perfect competition. The problem with limit pricing as a strategy is that once the entrant has entered the market, the quantity used as a threat to deter entry is no longer the incumbent firmââ¬â¢s best response. This means that for limit pricing to be an effective deterrent to entry, the threat must in some way be made credible. A way to achieve this is for the incumbent firm to constrain itself to produce a certain quantity whether entry occurs or not. An example of this would be if the firm signed a union contract to employ a certain (high) level of labor for a long period of time. In this strategy price of the product becomes the limit according to budget. Loss leader[edit] Main article: Loss leader A loss leader or leader is a product sold at a low price (i.e. at cost or below cost) to stimulate other profitable sales. This would help the companies to expand its market share as a whole. Marginal-cost pricing[edit] In business, the practice of setting the price of a product to equal the extra cost of producing an extra unit of output. By this policy, a producer charges, for each product unit sold, only the addition to total cost resulting from materials and direct labor. Businesses often set prices close to marginal cost during periods of poor sales. If, for example, an item has a marginal cost of $1.00 and a normal selling price is $2.00, the firm selling the item might wish to lower the price to $1.10 if demand has waned. The business would choose this approach because the incremental profit of 10 cents from the transaction is better than no sale at all. Market-oriented pricing[edit] Setting a price based upon analysis and research compiled from the target market. This means that marketers will set prices depending on the results from the research. For instance if the competitors are pricing their products at a lower price, then itââ¬â¢s up to them to either price their goodsà at an above price or below, depending on what the company wants to achieve. Odd pricing[edit] In this type of pricing, the seller tends to fix a price whose last digits are odd numbers. This is done so as to give the buyers/consumers no gap for bargaining as the prices seem to be less and yet in an actual sense are too high, and takes advantage of human psychology. A good example of this can be noticed in most supermarkets where instead of pricing at $10, it would be written as $9.99. This pricing policy is common in economies using the free market policy. Pay what you want[edit] Main article: Pay what you want Pay what you want is a pricing system where buyers pay any desired amount for a given commodity, sometimes including zero. In some cases, a minimum (floor) price may be set, and/or a suggested price may be indicated as guidance for the buyer. The buyer can also select an amount higher than the standard price for the commodity. Giving buyers the freedom to pay what they want may seem to not make much sense for a seller, but in some situations it can be very successful. While most uses of pay what you want have been at the margins of the economy, or for special promotions, there are emerging efforts to expand its utility to broader and more regular use. Penetration pricing[edit] Main article: Penetration pricing Penetration pricing includes setting the price low with the goals of attracting customers and gaining market share. The price will be raised later once this market share is gained.[6] Predatory pricing[edit] Main article: Predatory pricing Predatory pricing, also known as aggressive pricing (also known as ââ¬Å"undercuttingâ⬠), intended to drive out competitors from a market. It isà illegal in some countries. Premium decoy pricing[edit] Method of pricing where an organization artificially sets one product price high, in order to boost sales of a lower priced product. Premium pricing[edit] Main article: Premium pricing Premium pricing is the practice of keeping the price of a product or service artificially high in order to encourage favorable perceptions among buyers, based solely on the price. The practice is intended to exploit the (not necessarily justifiable) tendency for buyers to assume that expensive items enjoy an exceptional reputation, are more reliable or desirable, or represent exceptional quality and distinction. Price discrimination[edit] Main article: Price discrimination Price discrimination is the practice of setting a different price for the same product in different segments to the market. For example, this can be for different classes, such as ages, or for different opening times. Price leadership[edit] Main article: Price leadership An observation made of oligopolistic business behavior in which one company, usually the dominant competitor among several, leads the way in determining prices, the others soon following. The context is a state of limited competition, in which a market is shared by a small number of producers or sellers. Psychological pricing[edit] Main article: Psychological pricing Pricing designed to have a positive psychological impact. For example, selling a product at $3.95 or $3.99, rather than $4.00. There are certain price points where people are willing to buy a product. If the price of a product is $100 and the company prices it as $99, then it is calledà psychological pricing. In most of the consumers mind $99 is psychologically ââ¬Ëlessââ¬â¢ than $100. A minor distinction in pricing can make a big difference in sales. The company that succeeds in finding psychological price points can improve sales and maximize revenue. Target pricing business[edit] Pricing method whereby the selling price of a product is calculated to produce a particular rate of return on investment for a specific volume of production. The target pricing method is used most often by public utilities, like electric and gas companies, and companies whose capital investment is high, like automobile manufacturers. Target pricing is not useful for companies whose capital investment is low because, according to this formula, the selling price will be understated. Also the target pricing method is not keyed to the demand for the product, and if the entire volume is not sold, a company might sustain an overall budgetary loss on the product. Time-based pricing[edit] Main article: Time-based pricing A flexible pricing mechanism made possible by advances in information technology, and employed mostly by Internet based companies. By responding to market fluctuations or large amounts of data gathered from customers ââ¬â ranging from where they live to what they buy to how much they have spent on past purchases ââ¬â dynamic pricing allows online companies to adjust the prices of identical goods to correspond to a customerââ¬â¢s willingness to pay. The airline industry is often cited as a dynamic pricing success story. In fact, it employs the technique so artfully that most of the passengers on any given airplane have paid different ticket prices for the same flight.[7] Value-based pricing[edit] Main article: Value-based pricing Pricing a product based on the value the product has for the customer and not on its costs of production or any other factor. This pricing strategy is frequently used where the value to the customer is many times the cost ofà producing the item or service. For instance, the cost of producing a software CD is about the same independent of the software on it, but the prices vary with the perceived value the customers are expected to have. The perceived value will depend on the alternatives open to the customer. In business these alternatives are using competitors software, using a manual work around, or not doing an activity. In order to employ value-based pricing you have to know your customerââ¬â¢s business, his business costs, and his perceived alternatives.It is also known as Perceived-value pricing. Other pricing approaches[edit] Other pricing strategies include Yield Management, Congestion pricing and Variable pricing. Nine laws of price sensitivity and consumer psychology[edit] In their book, The Strategy and Tactics of Pricing, Thomas Nagle and Reed Holden outline nine ââ¬Å"lawsâ⬠or factors that influence how a consumer perceives a given price and how price-sensitive they are likely to be with respect to different purchase decisions. [8][9] They are: Reference Price Effect ââ¬â buyerââ¬â¢s price sensitivity for a given product increases the higher the productââ¬â¢s price relative to perceived alternatives. Perceived alternatives can vary by buyer segment, by occasion, and other factors. Difficult Comparison Effect ââ¬â buyers are less sensitive to the price of a known or more reputable product when they have difficulty comparing it to potential alternatives. Switching Costs Effect ââ¬â the higher the product-specific investment a buyer must make to switch suppliers, the less price sensitive that buyer is when choosing between alternatives. Price-Quality Effect ââ¬â buyers are less sensitive to price the more that higher prices signal higher quality. Products for which this effect is particularly relevant include: image products, exclusive products, and products with minimal cues for quality. Expenditure Effect ââ¬â buyers are more price-sensitive when the expense accounts for a large percentage of buyers ââ¬â¢ available income or budget. End-Benefit Effect ââ¬â the effect refers to theà relationship a given purchase has to a larger overall benefit, and is divided into two parts: Derived demand: The more sensitive buyers are to the price of the end benefit, the more sensitive they will be to the prices of those products that contribute to that benefit. Price proportion cost: The price proportion cost refers to the percent of the total cost of the end benefit accounted for by a given component that helps to produce the end benefit (e.g., think CPU and PCs). The smaller the given components share of the total cost of the end benefit, the less sensitive buyers will be to the componentsââ¬â¢ price. Shared-cost Effect ââ¬â the smaller the portion of the purchase price buyers must pay for themselves, the less price sensitive they will be. Fairness Effect ââ¬â buyers are more sensitive to the price of a product when the price is outside the range they perceive as ââ¬Å"fairâ⬠or ââ¬Å"reasonableâ⬠given the purchase context. The Framing Effect ââ¬â buyers are more price sensitive when they perceive the price as a loss rather than a forgone gain, and they have greater price sensitivity when the price is paid separately rather than as part of a bundle.
Thursday, January 2, 2020
5 Flubs to Make Sure You Have Created a Bad Credit Report
A credit report is an important and necessary part of almost everyoneââ¬â¢s life. Creating a good report will only lead to good things, so the last thing you want to do is to create a bad one. Unfortunately, bad writing happens all the time. If you have made the mistakes listed below, you may be sure that you have created a bad credit report. Is that what you really want? 1.à Date on the Right Side Putting the date on the right side of the paper, instead of the left where it is supposed to be, will help you get a poor mark. Make sure that all introductory information like the date is on the correct side on the left or youââ¬â¢ll be sorry! 2.à Informal Style Donââ¬â¢t want to be taken seriously? Use informal language in your report. Reports are meant to be serious. If you donââ¬â¢t use formal and academic language, it wonââ¬â¢t do any good for you, and you will end up handing in a poor paper. If it is the thing you really want, write informally, use the first and second person, add some slang for good measure. But if you want to produce a professional piece, make sure the style of the paper is formal! 3.à Address to the Wrong Person Arenââ¬â¢t you worried about your audience? No big deal! We are sure, it wonââ¬â¢t matter a lot. Why would it be important that you address the paper to the people who actually should read it? It doesnââ¬â¢t make a difference if you are writing to the worldââ¬â¢s top scientists studying a major virus cure or to women concerned about their weight. They are exactly the same! If you still think so, you are wrong! As with anything written, you need to know who your reader is, so you are useful for them. Make sure you have determined the target reader beforehand, and the whole paper is addressed to them. 4.à No Facts Sure, facts are not included in BAD credit reports. A report is usually a paper informing of someoneââ¬â¢s findings with some supported research, but why bother? The claims you make in the report donââ¬â¢t need any backing to prove you are credible. People should just take your word for it! No fancy stats or academic resources needed! It would be great if it is true, but still, no one will trust you if you do not provide some strong evidence.! 5.à Lots of Mistakes Another surefire way to flub is to not proofread or edit your report. What you have written the first time around is sure to be good enough. Even the most skilled writers go back and make sure whether the material they have written makes sense and is free of errors. Follow these flubs and youââ¬â¢ll practically guarantee a written report that will be either ignored by everyone or failed. Itââ¬â¢s not impossible to write a good report, but if you want to attempt one, weââ¬â¢re sure youââ¬â¢ve figured out by now that you need to do the opposite of whatââ¬â¢s above, or you can get some help from a writing service. These services donââ¬â¢t have to be expensive if you know where to look and do your research right. Best of luck!
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