Firstly they should never continue with a complaint based just on suspicion or office gossip. The employee should talk to his or her family to gain support and tell them about their decision to blow the whistle. Secondly the whistle blower should always be on guard not to get caught by any member of staff of recording any findings or misconduct. When engaging in any whistle blowing initiatives they should carry them out in their own time not during work because there would be a high chance of getting
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Discuss whether an improvement in a country’s terms of trade always works to its benefits The terms of trade measures the value of a unit of exports in terms of the number of imports it can buy‚ or the purchasing power of our exports. T.O.T= Export Price Index/Import Price index x 1000(base year) An increase in trade of terms is considered favourable A decrease in trade of terms is considered unfavourable A favourable or an increase in the terms of trade may occur because: -the average
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Discuss whether taxation is the most effective solution to the market failures arising from negative externalities. Negative externalities are defined as‚ “[negative] third party effects arising from production and consumption of goods and services which no appropriate compensation is paid.” This means the marginal cost curve only takes into account the private costs and not the external/social costs‚ and so there is an overproduction of the good or service. This misallocation of resources means
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dilemma How to become an oligopoly firm in soft drink market? (source: "A new-age drink war starts as Soda Flops‚" Time‚ December 18‚ 2000 There are many soft drinks in the market‚ yet the main suppliers of popular soft drinks are only two: Coke and Pepsi. The soft drink market in America is a very big business with annual sales of $58 billion. Coke‚ with its patented Coca Cola drink‚ enjoys the dominant role in the soft drink market‚ and runner-up Pepsi is always challenging Coke for the top
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Oligopoly An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher costs for consumers.[1] With few sellers‚ each oligopolist is likely to be aware of the actions of the others. The decisions of one firm therefore influence and are influenced by the decisions of other firms. Strategic planning by oligopolists needs to take into account the
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collusive oligopoly (10 marks) * * Oligopoly‚ is a market form in which where few sellers dominate the market for an identical or differentiated good‚ and where there are high barriers to entry. The market is determined by very few‚ however very large firms. The barriers of entry are very significant‚ as they include high initial fixed costs‚ access to resources and economies of scale and legal barriers. Unlike perfect competition where there are identical products‚ in an Oligopoly you have
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The aim of this assignment is to discuss whether the classless society is attainable and sustainable in this century. To begin the definition of concepts are given‚ then the origin of the classes. It then looks at how the capitalist society cannot evolve to the classless society in this century. According to Ernesto (2007:17)‚ Classes are a large group of people who differ in their relation to the means of their role in the social economic and political organization. Their class stratus is determined
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Oligopoly Characteristics Oligopoly is the main form of modern market structure. The term "oligopoly" is used to define a market in which there are few companies‚ some of which control a large share of the market. In the oligopoly industry some major companies compete among themselves and the introduction of new firms on this market is complicated‚ because of the presence of barriers to entry. Products manufactured by firms can be both homogeneous and/or differentiated. Homogeneous products have
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select the positive solution – stress can be good thing instead of negative choose. There was a growing concern about the issue‚ origin of stress‚ what it was. As usual‚ being under stress was as common as saying “How are you”. Either business society or students‚ was required to deepen their knowledge in order to enhance their qualifications and competitiveness.When they solved the problem‚ process was easily transferring to various stress. Measure has to be taken‚ someone‚ namely negative attitude
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Is inflation always bad for an economy? Inflation is a general increase in prices and fall in the purchasing value of money measured as percentage; ways of measuring it include the retail price index and the consumer price index. One cost of inflation is that firms may have to spend money‚ time and effort moving money around financial institutions (banks etc.) so that they can ensure it doesn’t lose its value‚ it incurs shoe leather costs as a result of this. However these costs can be offset by
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