Tesco And The Uk Oligopolistic Market Economics Essay

Tesco And The Uk Oligopolistic Market Economics Essay In the UK, supermarkets are the main places for customers to buy food and daily articles for use. The scales of these supermarkets are very big and they also provide customers with diverse and wide selection goods such as vegetables, fruit, meat, stationery, televisions and computers (Somucheasier, 2010). Chain supermarkets can be easily found all over the country and big scales of supermarkets also spread in every city (Baidu, 2010). Tesco, Sainsbury and Asda are three main companies in the UK supermarket industry (Somucheasier, 2010). For example, Tesco is the largest retailer in UK by both global sales and domestic market share (Baidu, 2010). At the end of 2006, the turnover of Tesco had reached to  ¿Ã‚ ¡3.83 billion(Baidu, 2010). Tesco is the third largest global retailer in the world which just behind Wal-Mart and Carrefour (Baidu, 2010). Oligopoly is one kind of market structure (Anderton. et al, 2008:298). There may be a large number of firms, but most are small and relative ly unimportant, while a small number of large firms produce most of the outputs of the industry (Anderton. et al, 2008:298). The supermarket industry in the UK could be described as an oligopoly market because it accords with three key characteristics of an oligopolistic market. Firstly, in an oligopolistic market, there are only a few major competitors in the market, so they control the supply in the industry (Anderton. et al, 2008:322). Secondly, firms should be interdependent, because firms collaborate to charge the same price as each other (Anderton. et al, 2008:322). Thirdly, there are barriers to entry to the industry, so they can prevent other firms from taking advantage of the abnormal profits characteristic of oligopolies (Anderton. etal, 2008:322). Customers can benefit from this kind of market structure because of the advantages of oligopolistic market; however, they may also lose their benefits because of the disadvantages of oligopolistic market. This essay will explain the advantages and disadvantages of an oligopoly structure and the appropriateness of that structure to the British supermarket industry. Body It is widely believed that there are many advantages of oligopolistic market, thus customers can benefit from this kind of market structure, for the following reasons. Firstly, in an oligopolistic market, price is often not the most essential factor in the competition, which means non-price competition (Anderton. et al, 2008:322). For marketing their products effectively, firms should think of their market mix which is known as 4ps (Anderton. et al, 2008:323). First, firms should pay close attention to the features of products to make sure their products are meeting the needs of their customers. Second, the price of products must not only fit in with the nature of products themselves, but also fit the way in which they are being promoted and distributed to customers. Third, promotion should take account of products and help firms gain new customers or retain existing ones. Fourth, products need to be available to customers in the right place (Anderton. et al, 2008:323). Secondly, according to Anderton et al (2008), many markets are dominated by brands. A branded good which has a unique formulation and unique design can appear thousands of customers, because a successful branded good can give buyers the imagined characteristics of the product in their minds (Anderton. et al, 2008:323). For example, the Tesco originally specializing in food and drink, but now, it has diversified into areas such as clothing, financial services, telecoms, car insurance and so on, because it can follow consumers different demands to enlarge its scale (Tescoplc, 2010). Thirdly, in the oligopoly market, price seems to be rigid. As Anderton et al (2008) points out, in the kinked demand curve (Figure 1), there will be an asymmetrical reaction to a change in price by one firm. For instance, if one firm increase its price in order to make much more profit, however, other firms disregard it, thus, the firm which has increase its price will lose its market share. On the contrary, if one firm decreases its price, other firms will also reduce its price in order to prevent the erosion of market share (Anderton. et al, 2008:328). Because of the price rigidity, firms would like to improve their profit; therefore they need to make a development and innovation in their services. The key to this process is gaining information about their customers and constantly communicating new products to them. Figure 1 Therefore, based on these three reasons, customers can benefit from oligopolistic market. However, not all the things come well; there are also some disadvantages of oligopoly. Firstly, Anderton et al (2008) argues that collusion is very common in oligopoly market. There is a very strong incentive for collusion firms-restrict competition and maximize their own benefit(Anderton. et al, 2008:323).The prices charge by oligopolistic firms is always higher .There will be potential buyers who would like to use the oligopolistic firms products but cannot afford the profit maximizing price set by oligopolistic firms. Secondly, there are only a few competitors in the market (Anderton. et al, 2008:322). Thus, the degrees of competition ability arent big, which means oligopolistic firms can hardly target diverse customers and provide them with differentiated products. Therefore, customers may lose their benefits from this kind of market structure. Conclusion In summary, oligopolistic market has both advantages and disadvantages, therefore firms should make good use of the advantages of oligopolistic market to guarantee consumers interest and avoid its disadvantages. Despite the disadvantages of oligopolistic market, firms can use the market mix to product goods effectively and take advantage of their brands to attract thousands of devoted customers; moreover, they can also make a development and innovation in service. However, if the firms in oligopolistic market can avoid their disadvantages, they can do better. They should not always charge higher price for customers and target diverse customers to provide them with differentiated goods. By doing these, consumers can benefit from this kind of market structure.

Play is important for development and learning. Essay -- Legal Issues,

Play is a freely chosen and personally directed behaviour that actively engages children. It is very important that early years practitioners have a good grasp on this subject as the developmental usefulness of play for a child is extremely significant. For children, play provides them with the necessary skills to develop: socially, emotionally, physically and creatively. Bruce (2004) explores the fact that play is a valuable tool for children to discover their environment and to learn about why things happen using all of their senses both indoors and outdoors. The hypothesis that will be discussed throughout this essay is how play is important in early development and learning and how it serves both the child’s individual needs and the future society in which they will live in. This will be discussed and explored through reference to historical play pioneers, legislation, policy and guidance and theoretical knowledge on the social, cultural and intellectual perspectives on pl ay. The Early Years Foundation Stage (EYFS) Statutory Framework (2008), created under the Childcare Act (2006), gives all practitioners across England guidance on a play based approach to learning. Therefore, assuming children do learn by play, practitioners and professionals must deliver planned, purposeful play which has a balance between adult-led and child-initiated activities, as stated by QCA (2007). There should be a wide variety of different play methods that allows them to represent their own learning experiences. These opportunities provided for children in early years settings, need to enhance and develop all of their skills and abilities. This includes: communication with peers and other adults, exploring different environments that include takin... ...ole within learning for children. Play pioneers such as Friedrich Frobel, theorists such as Piaget, current legislation and guidance, and the support from parents and practitioners worldwide, understand, illustrate and provide evidence as to why play has such a critical role within every child’s early development and learning. It allows children learn through something they enjoy, possibly not even realising that they are learning themselves. Play has a key role within benefitting children’s growth and development; physically, emotionally, socially, creatively and intellectually. If it wasn’t for direct experience and learning through play, children would not develop and learn at the same rate as they do today as they have not learnt the language yet, so it provides them with a form of communication and learning which is designed specifically for their age group.

Careers in Psychology Essay

In Psychology there are so many different careers that have gained my interest because I love learning how people function, behave, and how the brain works. The first career that truly gained my full interest is Neuropsychologist. Neuropsychologists are the ones that explore not only the brain system but they also explore behavior and the relationship between the two. This is something that interests me more than I can put into words. One of the reasons I have so much interest in this type of career is because I myself have fetal alcohol syndrome, attention deficit hyperactivity disorder as well as learning disorder. Being able to study the cognitive functions of the brain such as attention, language and memory I believe will eventually help me to understand more of my disabilities and how to work past them. A  Neuropsychologist is also able to evaluate people who have various types of nervous system disorders. They work closely with doctors including neurologists. Illnesses, injuries, and diseases of the brain and nervous system can affect the way a person feels, thinks, and behaves and some of the symptoms may call for a neuropsychologist. Those symptoms are memory difficulties, mood disturbances, learning difficulties as well as nervous system dysfunction. If other doctors are unable to identify the cause of a condition then they bring a neuropsychologist into help determine the diagnosis. In order to become a Neuropsychologist you have to obtain many different skills such as reading comprehension, active listening, critical thinking, social perceptiveness, complex problem solving, writing, speaking, science, active learning, judgement and decision making, instructing, service orientation, learning strategies, monitoring, system analysis, systems evaluation, time management, coordination and persuasion. Each and every one of these skills is just as important as one or the other. By having all these skills it will help To become successful in helping your clients. There is a lot of education involved in becoming an aspiring neuropsychologist. The first step is to earn a bachelors degree which is four years long, after that you complete a masters degree of another two years, then the last and final step is to earn a PHD or PsyD which can take another two to four years. So overall you are looking at spending 8-10 years in college if your heart is truly set on becoming a neuropsychologist. The duties and responsibilities of a neuropsychologist may vary depending on their specialties. Some Neuropsychologists, for instance work primarily as researchers. This might involve studying both healthy humans as well as animals, and those with brain injuries and or illnesses. Neuropsychologists might also work in clinical settings as well. This typically involves assessing and diagnosing patients. This can be done by observing symptoms and using sophisticated technology, such as brain scans. After successfully diagnosing a neurological problem, they can then often recommend a course of treatment which can include therapy, medication or even surgery. The neuropsychologists that are primarily concerned with research might work in private or government research facilities. Some universities might also hire  these professionals to conduct research as well as teac h a class or two. Clinical neuropsychologists might work in a number of different healthcare settings. This can include hospitals, clinics, and physicians offices. Some neuropsychologists might also choose to open private practices and treat patients in their offices or work as consultants. The second career in Psychology which really grabbed my attention more and more as I researched it and read what they do is Rehabilitation Psychologists. Rehabilitation psychologists work with stroke and accident victims and people with mental retardation and those with developmental disabilities caused by conditions such as cerebral palsy, epilepsy and autism. I once worked with a gentleman who had a severe case of cerebral palsy and could not do anything for himself. I was always helping him from the time he woke up in the morning to the time he laid down in bed at night. The sad thing is that from one day to the next I wasn’t sure if he was going to remember me or not. If he didn’t remember me then he would lock me out of his house and he wouldn’t let me back in so most of the time I had to crawl through a tiny window. I believe I would be very good as a Rehabilitation Psychologist for many different reasons. The first reason is that those with disabilities have a soft spot in my heart because I know what its like to be looked at differently for one and for two the willingness to work past the disability is outrageous. Some people with disabilities you cannot even tell they have one because they have learned how to work past it and not let it show. This type of career works closely with public health programs to prevent disabilities including those caused by violence and substance abuse. Rehabilitiation Psychologists testify in court as expert witnesses about the causes and effects of a disability and a persons rehabilitation needs. Rehabilitation Psychologists are uniquely trained and specialized to engage in a broad range of activities including clinical practice, consultation, program development, service provision, and teaching and education training, amongst many others. I am always looking out for everyone else and trying to figure out how I can help them or do something for them to make their lives a little easier on them. In order to become a Rehabilitation Psychologist  you need to have to same type of skills as you would if you were a Neuropsychologist as well as the same path of education. This goes for many of the careers in Psychology. As for where a Rehabilitation Psychologist can work, they can open up their ow n practices, work in healthcare facilities, or in government buildings.

Breaking Down the Door essays

Breaking Down the Door essays The United States urges all nations claiming a sphere of influence in China to declare that all nations shall enjoy perfect equality of treatment for their commerce and navigation within such spheres... (pinzler.com/ushistory/ opendoorsupp.html)?With these words the United States attempted to have a red carpet rolled out and the velvet ropes opened as they attempted to enter China. In the late 19th century the United States told the world the purpose of the Open Door Policy was to obtain an equal opportunity to trade in China. But the United States didn't want it to really be equal. After all, if it were equal there wouldn't have been any sort of conflict to begin with. The US implied that they should be able to use England and Germany's ports free of all charges. Exactly how would this qualify as fair? England and Germany invested a lot of time, money and hard work to build those ports and were then expected to let the rest of the world wear and tear their ports without charge?! That would be like me buying a car, paying for all the gas and for it to be serviced, but having to share it with a bunch of my friends who don't have to contribute whatsoever in the keeping of the car. The United States came up with the Open Door Policy as a way to get out of having to pay the otherwise requireduser fees? to use these ports. The underlying goal of the United State's Open Door Policy, the need for cheap labor, is not as sugar coated as the previous goal stated. It is how it sounds. We went all the way across the Pacific to bring back people to work for next to nothing in dangerous factory settings. This makes me think that the working class Americans probably felt the same way towards the Chinese then, as many working class Americans feel today about Mexican immigrants in present day.They are taking over. They?re taking all of our jobs. Slowly but surely (www.africana.com/ DailyArticles/inde ...

Maxwells 21 Irrefutable laws of leadership

Maxwells 21 Irrefutable laws of leadership Introduction Progress in engineering and technology is determined by how every activity is conducted. As such, leadership and management play an important role.Advertising We will write a custom case study sample on Maxwell’s 21 Irrefutable laws of leadership specifically for you for only $16.05 $11/page Learn More Thus, John C. Maxwell terms the relationship as Maxwell’s 21 Irrefutable laws of leadership. In engineering the vertical bar, according to the T-Shaped Professional, concept represents the intensive skills in designing and developing technology and machines. Again, the vertical bar encompasses the ability of the leaders to solve problems through a wide array of leadership and technical skills, which ensure successful operation of the equipment and machines. A variety of equipment and machine mechanical engineers make are the surgical instruments, elevators and air-conditioning equipment. They increase their competency and follow the trend through analysis of the feasibility and performance of the machines and equipment through research and development. Therefore, engineering consists of a combination of disciples from various schools of thoughts. It includes management, technology, communication, science and mathematics. The relationship with other disciplines enables one to find solutions in the engineering sectors, the banking sector and in social aspects, which enhance communication. In addition, Leadership and empowerment have been an increasingly critical organizational competency that has elicited growing global concern from organizations amid various circumstances that are great obstacles. Leadership and empowerment are an extensive process that involves enhancement systematic change in the light of basic changes in the organization’s overall attitude, traits, contingency perspectives and behaviors (Maxwell, 2007). The mode of carrying out commercial activities, traditional exchange, communication , and increasing growth has evolved in light of irrefutable leadership laws that call for influence, respect, intuition and empowerment. Today the trend shows critical concern in corporate activities with deep focus on time, teamwork and mission for guaranteed quality productivity in the overall organization. Therefore, people from various backgrounds, character, behavior, and cultures, are involved together in one platform as employeesAdvertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It also requires one to include information technology skills as well as analytical skills that will facilitate convenience in innovative approaches. Notwithstanding, the ability to plan and arrange the tasks in order of importance is essential in completing the complex tasks that mostly have deadlines while working under immense pressure. Incorporation of engineering and knowledge from other dis ciples ensures the ability to ensure careful analysis of detailed information. The ability to have competence in judging and accepting responsibility in completing tasks is essential. Ultimately, the ability to communicate with other team members within one discipline and in working situations with other workers in the same department is necessary to complete the tasks. Continuous progress in engineering through leadership The horizontal context of the T-Shaped Professional concept in engineering and technology collaborates different disciplines with specialist areas of application in the industry. In essence, they have to lead and manage the operation of organization activities. Again, installation of the equipment, machines and maintenance fall within the horizontal context. Securing mechanical engineering skills require various personal characteristics and skills, like creativity, problem solving and strong communication skills. Such traits will increase innovation and test of ne w designs. Other skills that contribute to the engineers’ development may include correspondence with management and patent office staff together with the aforementioned creativity and communication skills. They are fundamental for attaining competency as an engineer. The Automobile and aeronautics engineers need mechanical engineering skills. To be a productive engineer in these fields involves being disciplined in assembling and troubleshooting exhaust systems. The manufacturing industry incorporates engineering concept in the creation of industrial machinery with an ergonomic design that ensures the safety. The question if there is a distinction between management and leadership has elicited many arguments that developed into theories. The duties and responsibilities revealed the main differences and in part they play and the influence in business operations. GWS Motorsport leadership is outgoing by embracing the law of magnetism. As such, the management built diverse rela tionship with other motor companies like Allan’s True Blue Motorsport at the Bathurst in an effort to provide capability support. Leaders who have succeeded in technological advancement have embraced the law of intrusion and responded to innovation and creativity according to their perception. Creative strategy is a fundamental approach in gaining market share and successes in business. The distinction between breadth of reference and depth of attention recollections is connected to the lateral and vertical accepted wisdom.Advertising We will write a custom case study sample on Maxwell’s 21 Irrefutable laws of leadership specifically for you for only $16.05 $11/page Learn More The contrast also is evidenced in divergent and convergent inventiveness. The industrious dilettante dichotomy is embedded in creativity strategy theory. Creativity calls for mental brainstorming and critical thinking in such a way as to bring cross-fertilization of idea s when operating across a set of connections of enterprises. Further, a creative capacity to flexibly apply creative thinking between engineering needs and technological solutions is perhaps the building of a new generation idea. The leaders are mostly concerned with the administration of the company activities. They are concerned with maintenance of company resources and facilitation to emergency reactions. Again, the managers concentrate on the system and the structure of the company. The leaders have an innovative mind that focuses on the development of the company. For instance, Samsung Electronics confirmed with its customer and loyal consumers that it has significantly contributed to the integration of a global world through the provision of electronic products. The company prides in the facilitation of a brighter or more advanced services in electronics, the unbelievable 3D TV, popularly referred to as the ‘toy’. Samsung has diversified its marketing with product s ranging from the 9000 series, 3D TV without glasses. The leaders are development oriented to drive the company into the next level. Notwithstanding, the leaders are more concerned with the people and company activities that involve people. Ultimately, it is significant to note that various authors have concluded that mangers fall into the current status quo of the company while leaders face the challenge to the next level. The critical quest if leaders can motivate, build, empower and rejuvenate morale, of employees and people has evoked critically extensive and intensive research to convince the corporate world. Such talent, functions, ability and skills rests on the shoulders of the leaders. It is imperative to understand the perceptions and ideas following outstanding leadership and move forwards to advance leadership ability. Conclusion The need for progress in industrial technology and engineering is reflected in John Maxwell’s book Maxwell’s 21 Irrefutable laws of leadership. Leadership and empowerment are an extensive process that involves enhancement systematic change in the light of basic changes in the organization’s overall attitude, traits, contingency perspectives and behaviors. More concentration is going to be given to the industry sector specialist’s business leaders in a specific industry to shape the development of the business in improving the industry. Leaders have the responsibility to provide particular competency, and encourage formation of overall teamwork industry analysts to achieve technological development.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More References Maxwell, C. J. (2007). Maxwell’s 21 Irrefutable laws of leadership. Web.

Faculty of Business Environment and Society Essay - 5

Faculty of Business Environment and Society - Essay Example Understanding different cultures play a role in ensuring that the managers understand the dynamics of managing a business in a different environment with different organisational culture (Adamou, 2014). On the other hand, language barrier is another factor that international managers need to consider when operating beyond international borders. Developing an extensive knowledge of different foreign languages is important for international managers in terms of improving communications when working with different teams in different regions globally. Understanding foreign languages is necessary for international managers in terms of ensuring projects are completed on time. Communication between managers and project teams is critical in ensuring that work is done in an efficient and proper manner. In addition, acquisition other languages help international managers to accommodate the needs of workers and that of the locals. In a globalised business environment, multinational companies are found in different regions across the globe. Consequently, establishing a multinational company in a foreign land requires international managers to establish a cordial relationship with the locals an d including their governments. In essence, understanding the needs of the locals and how their governments operates assist international managers to come up with strategies suitable for operating in different business environments across the world (Adamou, 2014). The demanding role of international managers requires adaptability, flexibility, open-mindedness, making friends and acquisition of foreign languages to operate efficiently in a globalised business arena. International managers need to be more adaptable in terms of ensuring that they move the international organisations they manage in the right direction. The global business environment today is competitive with many international organisations competing for

Volly 2 Essay Example | Topics and Well Written Essays - 500 words

Volly 2 - Essay Example In this touch ten drill the defenders run hitting line with all the hitters. The coach will toss the ball to the setter and the setter sets the ball to any of the hitter he likes. The hitter will try to avoid all the defenders while smashing the ball. The defenders can start from anywhere in the court for effectively blocking the smashes (X-hitters, C-Coach, D-Defender, S-Setter) (Volleyball.com). The figure given below is another form of touch ten defensive drill. This drill teaches aggressiveness along with improving reflex reaction times. Reflexes and reflex reactions are important in every sports and volleyball is also not an exception. Here X stands for defenders and C for the coach. Coach hit the ball repeatedly to any of the three defensive players. There will not be any clue about who is going to receive the ball from the coach. All the defenders should be ready to receive the ball every time when the coach hit the ball. The coach on the other hand mixes his shot with less power, more power, less accurate, more accurate, and also he uses variety of swings also in each of the shots he make (Volleyball.com). This drill is intended for strengthening of offense. This is intended for closing the hole between the blockers by the smasher. It requires blockers at one side and the setter and the hitters on the other side. The ball tossed by the coach to the setter, sets to an outside hitter. The hitter should try to smash the ball between the blockers. The middle and the outside blocker start the drill by standing next to one another so that the timing is not an issue. This drill can be practiced using two and three blockers. Initially the drill starts with two blockers and then in order to increase the difficulty level in hitting the ball, instead of two, a third blocker is also used (Volleyball Plays and