People and Organisation Research Paper Example | Topics and Well Written Essays - 2000 words - 1

People and Organisation - Research Paper Example In a competitive market, a large number of producers strive to satisfy the needs of the same consumers. These rivalry means that no one party can dictate the price of goods or the direction that the market will adopt. Each player influences the marketing strategy that the other adopts (Economics Online (EO, 2012) When the prospects of gain are high, more firms are bound to enter the market and this is in line with the basic economic theory which dictates that for profits to be earned, the returns in revenue must outweigh the cost of production (Allen N.J. et al. 1990.pp.638-642). The profits could be termed as normal or abnormal depending on the revenue collected. According to Lan Li: If the returns equal the cost then the profit is normal but if they surpass the cost, it is abnormal. In the case of Coca-Cola Company, the stock of goods lessens with every purchase and this is in line with the Principle of Diminishability. As the stocks approach zero, the price escalates and this drives the company to boost production. Perfect Competition: for a market to be perfectly economical, the number of buyers and sellers must by very large and for the producers, there is the freedom to join and exit the market at ones will. Monopoly market: monopoly describes a market scene where only one producer dictates the type of product to be availed and it is brought about by the absence of substitutes. This form of dominance brings about limitations on market entry. Duopoly on the other hand brings into play the theory of Oligopoly whereby there are two entities in the market and they are completely independent of each other’s operations. The competition lies between the two firms and they can therefore adjust their prices so as to gain the upper hand in the sales. Oligopoly means that there is a number of entities in the market and they try to outdo each other. Therefore any strategy adopted be it advertising or

Assignment Essay Example | Topics and Well Written Essays - 1250 words - 3

Assignment - Essay Example Still, the Police may be able to pin both of the individuals for drug trafficking and possession if they have seen marijuana in plain sight and if it is not the case then, the seizure and search took place in the given scenario is not admissible to the court of law. The couple can only be prosecuted for violating customs check. Q.2 The need to practice due diligence is applicable in this case because Tangelo was well aware of the dangers that were associated with watching a baseball game (Jennings pp.300). Additionally, she had read the statement behind the tickets which relieved the organization from any kind of liability for an incident that may take place during the games and that formed a tort. Furthermore, the featured organization had taken preventive measure in order to contain the ball and the punching of a hole in the net can be identified as a mere coincident. The whole incident can be presented as a consequence of a decision to go and watch a game while; the injured party was having knowledge of the risks and therefore, cannot claim successfully for damages in the court of law. The court might decide to apply ordinary damages in this regard. Q.3 The purchaser has already conditionalized its performance with a favorable outcome of an event and therefore, the condition of obtaining a loan from the bank was a valid part of the contract that was signed by both parties (Jennings pp.35). The claim of specific performance is invalid because the purchasing party stated a condition that has to be fulfilled before a contract can be practiced. The seller however, can claim damages and specific performance against the involved bank whose manager did not supply the seller with a loan on a personal conflict. If the bank’s incapacity to loan the seller is legally justified then the charges will be dropped. Q.4 The environmental laws are growingly applied in order to preserve natural habitat of earth and therefore, the companies are strongly being recommended to take stronger measures towards returning to the environment what they have taken from it previously. Additionally, the companies that have become sensitive in the direction of preserving natural environment over the past few years are now adding environmental costs while, performing strategic decision making (Esty pp. 25). The governments on the hand are applying environmental taxation on firms that are known to pollute the environment in abundance. Finally, the companies like Herman Miller, FedEx and McDonalds have been cited in the book with the title of â€Å"Green to Gold† for their exceptional level of strategic dedication for environmental safety. Q.5 The companies are liable for the safety of their employees under the US labor law. The excuse that Nick was operating the crane in an inappropriate way means that he is either incapable or poorly trained. In both of the cases organization is at fault because either they are making an untrained or poorly trained person to run the crane. The company should have known about Nick’s poor ability to manage crane. Based on the above argument, Nick is fully capable and eligible to receive damages and treatment expenses from his employer. Q.6 The pay structure is determined on the basis of one’