Do you learn better by yourself or with a teacher?
Do you learn better by yourself or with a teacher? Some people claim that they can learn better by themselves with the help of books and Internet which has many study materials, whereas having a teacher makes them more rely on his/her help. However, those who think this way do not realize several beneficial advantages of having a teacher. Here are a few reasons why I prefer the help of teachers. First, whenever we study and read the new topics or subjects, questions regarding those matters start to appear. At that moment, we need someone to answer those questions and tell us more details about them. From my own experience, when I was a high school student, I had a hard time understanding integral calculus. Although I spent a lot of time studying that particular subject, I couldn`t not only catch up with the required assignment but figure out how to solve the problems by myself. My math teacher pointed out my mistakes and suggested a systematic and better way to approach this subject. I finally got a better and deeper understanding of it. Without that help, this would either have taken too much time or never solved at all. Another reason why teachers are needed is because they not only convey knowledge to students but also give them a right direction. For example, most the students who have just entered into college tend to misuse their freedom e. g. parties, alcoholic drink,
Suggest and justify any changes that each of your businesses could make to enable them to meet their aims and objectives more effectively
Suggest and justify any changes that each of your businesses could make to enable them to meet their aims and objectives more effectively Manchester Airport Manchester airport is the 3rd largest airport in the UK. They are always looking for new ways in which they can achieve this. One of their main objectives is to reduce costs to airlines. They could achieve this by incorporating new leisure facilities into the airport, e.g. cinema and bowling alley. This could help them achieve the objective as they would be making profit from the new facilities and so could lower the rent prices to the airlines, this could also help because more airlines would want to set up in Manchester airport due to lower renting cost, so the airport will have more customers, however the airport would have to spend money on building/creating space to build the new facilities. This would mean that the airport would loose money until the facilities have been built and are running and are making sufficient profits. As this would mean money loss, the airport could find another way of making money as it is being built. They could charge retailer more, this would mean taking a higher percentage of the retailer's profits. This would mean the airport would make more money but the retailers would make a decrease in profits. This could also cause retailers not wanting to set up in Manchester Airport as the
Business Case Study - Hormaz
Business case study Hozmallo Pumps Hozmallo Pumps is a private limited company located in India, that manufactures and distributes high quality (producer good) water pumps for buildings all around the country. Cyrus Polpet started the company 71 years ago, but now his son, Armand is taking over as CEO. Since the last 2 years, sales of the business have been rapidly decreasing resulting in very low profits (fig. 1.1) mainly due to the soaring inflation in India. Furthermore, the financial strength of Hozmallo Pumps has not been good. After calculating, the Current ratio of the business is 0.98. Armand found his fathers Budgets for the business (fig. 1.2). Many other problems have occurred in the business too over the last 2 years. Young and ambitious, Armand has set certain goals for the future to improve Hozmallo Pumps: > Reduce costs > Increase profits > Spread risk of the business > Increase market share > Expand into new countries Fig. 1.1 Armand wants to purchase the new 'Pumpmaster 3000' to reduce costs and increase output, but is finding it difficult to pull out $5,500 from the business. Also, he wants to expand the business operations into the middle-eastern market. Armand found that Oman would be a good country to expand into for various reasons after carrying out market research. Data collected: * Many clients willing to buy product * Competitive
Birmingham International Airport - Competitors
Like any other airport, Birmingham International has enough competitors that want their own share of its market. The theory is the bigger the better, and better = more profit. This means that BIA will keep having to continually renew their prices so that they stay ahead of the market, and cause their opposition to loose out. I will now discover how BIA keeps ahead of their game, consistently from year to year. One way that BIA keeps ahead is making sure that the facilities that they offer are up to scratch at all times, and they constantly update them to meet demand, and maintain them if necessary (such as toilets etc). BIA have also displayed instances where they care for the customer, one by investing in the EuroHub tunnel, and the other by adding an 'Air-Rail' link to the airport, one of this have decreased the flight transfer times dramatically, and the other has made the travelling times lower than they were before. By creating and maintaining these type of facilities, they do not award their competitors the opportunity to beat them at their own game, and therefore will always stay on top, which has been proven in my other parts of work (how big they are). Referencing to the 'Master Plan' again, they are going to develop the airport fore dramatically which shows again they are always growing bigger, and reducing the opportunity for any other airports to get in edgeways.
Primary, secondary and tertiary classifications of a business.I will be using Tesco as an example.
Primary, secondary and tertiary classifications of a business. To explain to you what all those area's do I will be using Tesco as an example. Tesco is known for the food it sell and is now moving up by selling more and more every day. For example it has now started selling electronics they also offer many other Tesco is found everywhere in the UK making them a national company Primary: Tesco get's its food from farms around the country side. Farms grow the food and when they are ready they sell what they have grown. For example greens and meet like cow's sheep and many more. (The primary area produces raw materials or extracts raw materials from the earth) Secondary: The goods that have been bought from farms is then sent off to get produced to make food that is ready to eat or is ready to cook. At the factory they are prepared and packed up and ready to be sent to stores to be sold off. (The secondary area manufactures raw materials into finished products) Tertiary: The packed food is then bought by Tesco and then sent to near by Tesco stores. Tesco stores the goods in its where house. Where stays until it is needed. Tesco then puts the goods on show in their stores ready for us the consumers to buy them.(this is where the finished products are sold or shared to the public) Ali Ismail Group A
HBS Case Study - Priceline.com
Priceline.com Business model In this unique model known as "demand collection system" the orders placed by the customers are fulfilled by the participating sellers. So the company essentially acts as a facilitator/agent intermediating payments between both the parties and provides the platform for bringing together of both the parties. Key features a. Services offered: Air lines, Hotels, Rental Cars etc b. Transactions were secured through credit card c. The company is the "Merchant of Record" in these transactions. This means that all payments are made to the Company which in turn pays to the seller. Any charge back that happens on the account of credit card payments has to be paid by company. d. The orders in the system once placed remained opened for some time and once accepted these could not be cancelled. e. The system required flexibility from customer's end with respect to their choice of brand, product features and sellers. f. Benefit o the customers: economical transactions g. Benefit to the sellers: incremental source of revenue Answer 1 The extracts of the annual report of the company indicates that the company recognizes the offer price paid by customers as revenue and the cost of services ordered as product cost. Price of the Plane ticket = $250 Amount of commission= 20% of the ticket price = $50 Therefore, Cost of ticket for the company = $250
In this part of the assignment I will be comparing two organizations (ASDA and Post Office), then I will be describing each businesses aims, objectives and mission statement.
M1 Introduction: In this part of the assignment I will be comparing two organizations (ASDA and Post Office), then I will be describing each businesses aims, objectives and mission statement. Furthermore I will be concluding this part of the assignment Similarities and Differences between ASDA and Post Office Similarities in ASDA & Post Office Differences In ASDA Differences In Post Office * Make Profit * Sale food, clothing, household * The good they Sale is only stationary * Provide goods & Services * Private Sector * Mainly based on selling services * Both a Franchise * Order online * Public Sector * Both large businesses * * Aims, Objectives Mission Statement for ASDA and Post Office: Aims for ASDA: ASDA's aims are to provide goods/services that are cheap and affordable to consumers or the public, reducing the cost of their items/products, recycling their waste, packaging their products well, supporting voluntary sector services, to provide food hygiene and safety and diet and healthy food. Objectives for ASDA: ASDA's aims are to design excess packaging waste by the end of march 2008, delivering absolute reductions in packaging weight by end of march 2010 and tackling the amount o food consumers by end of march 2010. ASDA's Mission Statement: To be United Kingdom's best value retailer exceeding customer needs, always. Aims for Post
McDonal's "seniors" Restaurant
Case title: McDonald's "seniors" Restaurant I. Statement of the Problem The perception of younger customers of McDonald's image and the current strategy regarding senior citizen customers . II. Definition of the Problem Suzanne Drolet is manager of a McDonald's restaurant in a city with many "seniors." She worries that with her growing senior citizen customers, the image of her restaurant would change and it will be known for being a non-fast-food restaurant because of the ambiance. If the seniors market will also continue to grow, there would be a crowding problem. She is also taking into consideration of the possibility catering more services to them because the seniors do use their facilities for a much longer time than the average customers. III. Factors Affecting the problem at least 5 factors with brief explanation a. Place or location- Place or location is one of the factors why there are a lot of seniors because they are situated in a place where there are more seniors than the younger generation. b. Image of McDonald's- The image of the restaurant is a factor because it is know for being a fast-food-chain but in their case they are beginning to be perceived as "old people's restaurant." c. Perception of the younger generation- This is a factor because when the younger see the restaurant as non-fast-food restaurant they might get discourage to dine at that
Customer needs - Sainsbury.
Customer needs A range of different products and services Products: - Sainsbury has many ranges of products from groceries to toiletries. Sainsbury always try and make there products value for money. Check out queues: - Sainsbury always aim to minimise waiting time at the checkouts. Colleges of Sainsbury are multi skilled at busy times they are able to call on more colleagues to operate tills. Elderly people: Sainsbury realise that elderly people like to retain their independence by doing their own shopping. Sainsbury always put chairs for their older customers to rest. Employees at Sainsbury help elderly people pack their purchases and help them take them to their cars. Facilities for disabled people: - Sainsbury ensure that disabled customers are not offered a low standard of service. > They have disability parking spaces > Wheelchairs and specially adapted trolleys are available in every store and electric scooters in some. > They carry out disability audits and are currently installing hearing loops in stores. > They support the Shop Mobility scheme, where disabled people travel to a shopping centre by bus where they borrow wheelchairs for the day, giving them independence. > They were voted the best corporate chain store for their commitment to providing better service to our deaf blind customers at the Deaf blind Friendly Corporate Awards 2001. > They won
HBS Case Study - Starmedia Case
StarMedia Network Business: For the Spanish and Portuguese speaking population, the company provides various internet based services like chat, topical portals, online shopping, business news, sports news and so on. For this, the company owns six websites. Features: . Revenues are basically from advertisements on the sites. Advertisements are in 3 forms. Per thousand impressions: Here money is charged based on per thousand impressions on the advertisements. Sponsoring: Here the advertiser sponsors/pays a fixed amount of money for an area. Reciprocal Advertising: Here advertisers are given space on their website in exchange for StarMedia's advertisements on their newspapers/news channels. They are nothing but reciprocal transactions 2. The websites are free for the users. Nothing is charged for the content or to be part of the community. Answers: . There are two options available for recording the reciprocal transaction. a. The company can record $5.5 million in revenue from advertisement s and $5.5 million in expenses for advertising. b. The company need not record the transaction in its books but can mention this as Notes to accounts in the financial statements. 2. As the CFO, I would recommend that the company choose option (a) of the previous answer. This would mean that the gross profits of the company would look better by $5.5 million. The expense would
