Monday, February 24, 2020
KFC Marketing Plan - Research Paper Example There are various economic forces that have a significant impact on the business operations of KFC (KFC, 2014a). This organization is greatly affected by global and national economic factors such as inflation and interest rates, cost of labor, stages of business cycle, unemployment rates and growth rates of economy (KFC, 2014a; Pride & Ferrell, 2012). The recession factor has affected the overall income of KFC and this has resulted into making some employees jobless and others hired for fewer hours (Ohme, Birinyi and Gupta, 2010). This was in major part due to the cutting down of the budget by the company. Economic forces restrict customers to spend lavishly in such fast food outlets (Ferrell & Hartline, 2014). Government procedures and policies to a certain extent provide the required guidelines for smooth functioning of business operations of an organization (Ferrell & Hartline, 2014). There are certain political forces that affect operations of KFC and these forces encompass some legal factors. Notably, the actions taken in political fields leads to guidelines that affect a restaurantÃ¢â¬â¢s customer satisfaction, menu, payroll and profits (Jurevicious, 2013). The stability of the political environment, position of government in relation to market ethics, government view on religion and culture, policies of government with respect to economy, and taxation policy on incentives and tax rates are the major forces that outlines the political environment (Ohme, Birinyi and Gupta, 2010). For instance, the intense rivalry of national election season can generate problems for KFC by creating an environment of negativity among the patrons (Jurevicious, 2013). In this case, the ambiguity about the economic conditions hinders spending. Therefore, patrons concerned about the national budget are probable to reduce their spending, which implies less eat outs.
Friday, February 7, 2020
The assignment - Background information - You are the financial director of a large, ficticious company called Manac plc, which - Essay Example The target profit of the company is not being achieved and as a result of that it is impacting the entire organization. The company has also adopted several cost cutting methods, which impacted the production and reduced competitive advantage of the firm. The report will mainly focus on three areas of strategic management accounting. In the first part, it will mainly emphasize on the models and concepts on pricing decision. In the second part, the study will primarily focus on role of standard costing and variance analysis in management accounting. The third part is about uncovering the pros and cons of activity based costing. The report will then conduct an in depth analysis of the strategic management accounting. On the basis of that a conclusion will be drawn and some recommendations will be made. Models and Concepts on Pricing Decision The organization is currently dealing or facing challenge pertaining to the issue of profit maximization. The problem is that company is not achie ving its target profit. According to several authors, maximization of profit is only possible only when the organizations are able to implement the models and concepts used in pricing decision. ... In order to cite an example, if the products of a company are priced higher than its competition; it may suffer losses and slow income growth. Such firms ignore the impact of pricing, but later understand when it gets actually affected. Similarly, if the prices of products and services of a company are extremely low, their return of profit will be also low. Hence it is important for every firm that they should consider adopting some of the best models or principles based on which they can make pricing decisions. The model should also satisfy the two objectives of pricing. The first one is to achieve maximum profit and the second objective is to meet the market demand. One of the most common models that are considered by the companies is consumerÃ¢â¬â¢s preferences and behaviour. According to this model, it is the consumers who make the purchasing decision and other factors hardly play any role (Heidhues and KÃ¢â¬â¢oszegi, 2005). Therefore if the firms closely monitor the buying b ehaviour of the consumers, companies will be able to take its pricing decisions with ease. For example, if the study of consumer behaviour reflects that consumers prefer products that are priced low, the companies will be able to make the prices of their products low by reducing the overall cost. The next model pertaining to pricing decision of a firm is about the market equilibrium. Market equilibrium is actually a situation considered by the firms while developing the pricing strategies. This is actually the stage where the market demand and market supply overlaps with each other. The market equilibrium (demand and supply) is highly responsible for driving price changes (Vives, 2010). For example, if the price of a 3D TV is low in a particular market, the
Wednesday, January 29, 2020
Accounting and Finance For Business Essay While these tutorial tasks MUST be submitted individually, you are encourage to work through these tasks together with the other members of your team, both during this weekÃ¢â¬â¢s tutorial and in your own time. This is a good opportunity to ensure that all members of your group can calculate a breakeven point before and after-tax, a margin of safety and make a managerial decision regarding the addition of a new product (in this tutorial exercise, the addition of a new route). All answers must be inserted into the on-line form provided in LMS titled, Topic 9 Tutorial Exercises. Kangaroo Airlines Kangaroo Airlines in small local carrier located in the Kimberly region of Western Australia. All seats are economy class and the following data is available: 1.What is the break-even point in number of passengers per month? 30000 2.What is the break-even point in sales revenue dollars per month? 2100000 3.What is the break-even point in number of flights per month (round up)? 334 4.If Kangaroo Airline currently has on average 40,000 passengers per month what is Kangaroo AirlineÃ¢â¬â¢s margin of safety in number of passengers? 5.If Kangaroo Airlines raises its average full passenger fare to $85 and theÃ average variable costs per passenger will remain at $30, it is estimated that the load factor will decrease to 60 percent. What will be the break-even point in number of flights (round up)? 6.The cost of aviation fuel is a significant variable cost to any airline. If fuel charges increase by $8 per barrel, it is estimated that variable cost per passenger will increase to $40 however that average full passenger fare will remain at the original $70 per passenger as will the original load factor of 75 percent. What will be the new break-even point in number of passengers? 7.The cost of aviation fuel is a significant variable cost to any airline. If fuel charges increase by $8 per barrel, it is estimated that variable cost per passenger will increase to $40 however the average full passenger fare will remain at the original $70 per passenger as will the original load factor of 75%. What will be the new break-even point in number of passengers? What will be the new break-even point in number of flights (round up)? 8.Kangaroo Airlines has experienced an increase in average variable cost per passenger to $35 and an increase in fixed costs to $1,500,000. Kangaroo Airlines has decided to increase the average full passenger fare to $80. How many of passengers are needed to generate an after-tax profit of $400,000, if the company tax rate is 30 percent (round up)?
Tuesday, January 21, 2020
Page 1 Symbolism in Robert Frost This poetry analysis essay is about symbolism in Robert FrostÃ¢â¬â¢s poetry. The essay is titled Ã¢â¬Å"Symbolism in Robert FrostÃ¢â¬ and the poems under discussion are Ã¢â¬Å"The Road Not TakenÃ¢â¬ and Ã¢â¬Å"BirchesÃ¢â¬ . Fisrt I will start with the poem titled Ã¢â¬Å"The Road Not TakenÃ¢â¬ and provide three short quotes from this poem and one quote from Ã¢â¬Å"Birches.Ã¢â¬ I will also provide three possible interpretations of their meaning. The following is a quote from the poem titled Ã¢â¬Å"The Road Not TakenÃ¢â¬ : Ã¢â¬Å"Two roads diverged in a yellow wood, And sorry I could not travel both and be one traveler.Ã¢â¬ The first possible interpretation of that quote is that there a choices in life that we as individuals will ultimately have to make. Sometimes these choices are made and the consequences are not what was expected. These choices however insignificant at the time, can result into significant circumstances. The choices we make in life affect us in many ways. The next possible interpretation of that quote is making choices in life is what human beings do throughout life. There are no foolproof systems in place to indicate which choice will benefit individuals the most. A third interpretation of the quote is the choices in life are many and there will be situations where you can not change your decision easily once it has been made and youÃ¢â¬â¢re forced to see through with what you have decided. There are times when we make choices and look back on the choices we have made in retrospect thinking what would have happened if I had choose differently? Now that I have provided three possible interpretations of a quote from the poem titled Ã¢â¬Å"The Road Not TakenÃ¢â¬ , I would now like to take a second quote from that same poem and provide three possible interpretations of its meaning. The following is a second quote from the poem titled Ã¢â¬Å"The Road Not TakenÃ¢â¬ : Ã¢â¬Å"Oh I kept the first for another day! Yet knowing how way leads on to way, I doubted if I should ever comeback.Ã¢â¬ The first possible interpretation of that quote is that we as individuals come to terms with and accept the choices we make in life whether good or bad. The next possible interpretation of that quote is when dealing with choices made in life that may not have been wise before, we can make the best of the situation and stay the course.
Monday, January 13, 2020
Independent regulatory commissions are essentially boards and agencies with ties to the government, but entirely separate from the policy making process in order to achieve unbiased information and effective results. They are formed and given power by Congress to regulate a specific industry. Within specific authority granted by Congress, these regulatory commissions have the power to form and enforce their own regulations upon industry. Agencies like the FCC (Federal Communications commission) were created to help regulate the private sector. In 1934 Congress passed the Communications Act, which abolished the Federal Radio Commission and transferred jurisdiction over radio licensing to a new Federal Communications Commission. The FCCÃ¢â¬â¢s main mission and obligation is to Ã¢â¬Å"make available so far as possible, to all the people of the United States, without discrimination on the basis of race, color, religion, national origin, or sex, rapid, efficient, Nation-wide, and world-wide wire and radio communication services with adequate facilities at reasonable charges. As stated by the legislation of the Communications Act it states that the FCC was created Ã¢â¬Å"for the purpose of the national defenseÃ¢â¬ and Ã¢â¬Å"for the purpose of promoting safety of life and property through the use of wire and radio communications. Putting the FCC in charge of radio broadcasting and communications regulation our government should be able to get an accurate and unbiased report. Many of todayÃ¢â¬â¢s regulatory commissions wer e created to be outside the power of both the president and the Congress in their operations. While these committees do get their power through the political process and legislation passed by congress, they operate and act with minimal ties to the national government. The Federal Aviation Administration (FAA) is another one of these agencies. The FAA is an agency of the United States Department of Transportation with authority to regulate and oversee all aspects of civil aviation in the U. S. The FAAÃ¢â¬â¢s major roles include regulating U. S. commercial space transportation, regulating air navigation facilities' geometry and Flight inspection standards, encouraging and developing civil aeronautics, including new aviation technology, issuing, suspending, or revoking pilot certificates, regulating civil aviation to promote safety, especially through local offices called Flight Standards District Offices, eveloping and operating a system of air traffic control and navigation for both civil and military aircraft, researching and developing the National Airspace System and civil aeronautics, and developing and carrying out programs to control aircraft noise and other environmental effects of civil aviation. These regulatory commissions are an important part in overseeing our governmentÃ¢â¬â¢s actions. Government Corporation The Federal Government owned corporations are a separate set of corporations funded and owned by the Federal Government, which operate to provide publ ic services. But unlike the federal agencies, they have a separate legal personality from the Federal Government, providing the highest level of political independence. They sometimes receive Federal budgetary appropriations, but some also have other independent sources of revenue. An example of this is the United States postal Service. The United States Postal Service (USPS) is an agency of the United States government responsible for providing postal service in the United States. It is one of the few government agencies explicitly authorized by the United States Constitution. Independent Executive Agency Most independent executive agencies are established through separate statutes passed by the Congress, each providing a necessary statutory grant of authority that defines the goals the agency must work towards. These agency rules and regulations, while in force, have the power of federal law. Most executive agencies have a single director, administrator, or secretary who is head of the department. This leadership selection is at the will of the President. A god example of an independent executive agency is the CIA. The Central Intelligence AgencyÃ¢â¬â¢s (CIA) min job is to coordinate the intelligence activities of certain government departments and agencies, collect, correlate, and evaluate intelligence information relating to national security, and make recommendations to the United States National Security Council within the Executive Office of the President.
Sunday, January 5, 2020
Compare and contrast on Gilman, Cooper and CollinsÃ¢â¬â¢ notions of Feminism In this paper I will talk about how Gilman, Cooper and Collins think about progress for women. Analyzing their writings, I will compare and contrast their initial concerns and focuses on progress for women, explanations of the causes of gender inequalities, and ideas of future activism. I will discuss what they assumptions they shared in common and how they differentiated with each other specifically. Principal Concerns and focuses on progress for women I will start with the compare and contrast of what three theorists were concerned with when forming their theories of feminism. As all three theorists claimed that the problem of womenÃ¢â¬â¢s rights was not the simple one of the democratic demand of women for equal prerogatives with men, their initial concerns were all essentially twofold: to show how women and society were disastrously affected due to the continued suppression of female; and to demonstrate, both in theories and practice means whereby women could fight for their rights and equalities in society. However, since they three had different focuses on progress for women, Gilman, Cooper and CollinsÃ¢â¬â¢ principal concerns when forming their theories were also different, and I will explain the differences in the following paragraphs. As Gilman noted in her writings, she was concerned with the causes of the subjection of women and refutation of how dominant world justi fied their suppression on women.
Friday, December 27, 2019
Corrosive refers toÃ a substance that has the power to cause irreversible damage or destroy another substance by contact. A corrosive substance may attack a wide variety of materials, but the term is usually applied to chemicals that can cause chemical burns upon contact with living tissue. A corrosive substance may be a solid, liquid, or gas. The term corrosive comes from the Latin verb corrodes, which means to gnaw. At low concentrations, corrosive chemicals are typically irritants. The hazard symbol used to identify either a chemical capable of metal corrosion or skin corrosion shows a chemical poured onto a material and a hand, eating into the surface. Also Known As: Corrosive chemicals may also be referred to as caustic, although the term caustic usually applies to strong bases and not acids or oxidizers. Key Takeaways: Corrosive Definition A corrosive substance is defined as a material capable of damaging or destroying other substances on contact via a chemical reaction.Examples of corrosive chemicals include acids, oxidizers, and bases. Specific examples include sodium hydroxide, nitric acid, and hydrogen peroxide.The international pictogram indicating a corrosive chemical shows a surface and a human hand being eaten away by a liquid dripping from a test tube. Examples of Corrosive Substances Strong acids and bases are commonly corrosive, although there are some acids (e.g., the carborane acids) that are very powerful, yet not corrosive. Weak acids and bases may be corrosive if they are concentrated. Classes of corrosive substances include: strong acids - Examples include nitric acid, sulfuric acid, and hydrochloric acidconcentrated weak acids - Examples include concentrated acetic acid and formic acid.strong Lewis acids - These include boron trifluoride and aluminum chloridestrong bases - These are also known as alkalis. Examples include potassium hydroxide, sodium hydroxide, and calcium hydroxide.alkali metals - These metals and the hydrides of the alkali and alkaline earth metals act as strong bases. Examples include sodium and potassium metal.dehydrating agents - Examples include calcium oxide and phosphorusÃ pentoxide.strong oxidizers - A good example is hydrogen peroxide.halogens - Examples include elemental fluorine and chlorine. The halide ions are not corrosive, except for fluoride.acid anhydridesorganic halides - An example is acetyl chloride.alkylating agents - An example is dimethyl sulfate.certain organics - An example is phenol or carbolic acid. How Corrosion Works Usually, a corrosive chemical that attacks human skin denatures proteins or performs amide hydrolysis or ester hydrolysis. Amide hydrolysis damages proteins, which contain amide bonds. Lipids contain ester bonds and are attacked by ester hydrolysis. In addition, a corrosive agent may participate in chemical reactions that dehydrate skin and/or produce heat. For example, sulfuric acid dehydrates carbohydrates in skin and releases heat, sometimes sufficient to cause a thermal burn in addition to the chemical burn. Corrosive substances that attack other materials, such as metals, may produce rapid oxidation of the surface (for example). Safe Handling of Corrosive Materials Protective gear is used for personal protection from corrosive materials. The equipment may include gloves, aprons, safety goggles, safety shoes, respirators, face shields, and acid suits. Vapors and corrosive chemicals with a high vapor pressure should be used within a ventilation hood. Its important that protective gear be made using a material with high chemical resistance to the corrosive chemical of interest. There is no single protective material that protects against all corrosive substances. For example, rubber gloves may be fine for one chemical, yet be corroded by another. The same is true of nitrile, neoprene, and butyl rubber. Uses of Corrosive Materials Corrosive chemicals often make good cleaners. Because they tend to be highly reactive, corrosives may be used in catalytic reactions or as reactive intermediates in the chemical industry. Corrosive Versus Caustic or Irritant The term caustic is often considered synonymous with corrosive. However, only strong bases should be referred to as caustic. Examples of caustic chemicals include sodium hydroxide and potassium hydroxide. A dilute corrosive chemical acts as an irritant. However, at higher concentrations, corrosive chemicals produce a chemical burn. While corrosive chemicals may be poisonous, the two characteristics are separate. A poison is a substance with a systemic toxic effect. Poisons may take some time to act. In contrast, a corrosive substance causes an immediate effect on tissue or a surface.