News Story - Emirates vs Canada Article Example | Topics and Well Written Essays - 1000 words

News Story - Emirates vs Canada - Article Example Emirates executives have argued that such an expansion could potentially create 2,800 jobs across Canada and generate up to $480m in additional economic activity†(The Economist). This proclamation did convince the premiers of Alberta and British Columbia to certain extend. However, Air Canada being the only airline flying to South Asia demanded the increase in UAE airline would only benefit UAE and will hurt Canada financially. The Canadians pointed out that the UAE airlines want to carry passengers to Canada from India and Pakistan using Dubai as hub. The author comments that the gulf airline has proved to be successful even during the recession and captured the travel market throughout Asia, Europe and America. According to some officials the treatment of Dubai government towards airline industry is not up to the mark. â€Å"Most governments around the world treat aviation as a pariah, choking its growth with costly, misdirected regulation, instead of adopting policies that recognize its considerable socio-economic benefits and support its sustainable growth†(The Economist).Moreover, the tax policy also creates hindrance to the growth and development of airline industry. Critical analysis of the dispute between Canadian and U.A.E airlines A) Main reason for dispute: The dispute between Canadian and U.A.E airline companies has created big problems between the relationships of these countries. The main thing for despise between these countries could have been the immediate action of the U.A.E. government to close down the air base. U.A.E., being the fastest going airline industry had landing agreements with Canada for the prospects of growing their market share as airline industry. The main reason for the dispute between these two nations started with the UAE government asking for more landing rights from their Canadian counterparts. According to the landing agreement signed in 1999, the Emirati airline was allowed to fly only 6 times a week .But, during 2007, UAE airline officials demanded an increase in the flight traffic to boost up the sales potential. This request by UAE has undoubtedly irritated the Canadian officials; nevertheless they did reconsider the request delivered by the UAE officials. They have understood that by giving extra landing rights they can very well be benefited in expanding their travel market. This negotiation between the two countries broiled for many years without ending in any agreeable outcome. However, the problem aroused in 2010, when the Canadian military approached U.A.E to share their military air base to service its operation for Afghanistan mission. U.A.E took this opportunity to show the vengeance by giving a non -renewable three- month lease to the Canadian military. Change in the attitude of Canadian authorities In the November of 2010 it was reported that there was change in the minds of Canadian official as to the expansion of landing rights to the U.A.E. Canada was ready to offer m ore landing slots to U.A.E in areas like Calgary and Vancouver considering the business prospect it could bring to their country. Nonetheless, U.A.E found out that there was a decrease in the capacity offered by Canada in air passenger travel which led to their offence. If one look at the whole situation, U.A.E. was right in demanding additional landing rights as this was useful to both the countries in expanding their travel market. Since U.A.E had a considerable amount of Canadian citizens, an addition in the flight

Profit Maximisation And Business Behavioural Patterns

Profit Maximisation And Business Behavioural Patterns 1) Every business holds profit maximisation in high regards but profit maximisation does not always influence a businesss behavioural patterns. Profit maximisation is the process in which a company aims to have the best output and price levels, so that the business can receive the highest rate of return. Through this method one cannot explain business behaviour or managerial priorities, but there are a few managerial theories that can. One is the agency theory and the second is the organisation theory. The agency theory is a theory showing the relationship between agents of a company and the company managers. It is used to solve the conflicts between the two, and to unite their interests for the company. Agency theory argues that when there is uncertainty or lack of confidence amongst agents or restriction of information in a company then two agency problems occur. One is called moral hazard and the other is named adverse selection. Moral Hazard is where the company manager does not believe that the agent has fully put 100% effort into their work. Adverse selection is where the company manager does not believe that the agent fully has the ability to perform their work to the highest level. The difficulties and complications of moral hazard and adverse selection mean that fixed wage contracts are not the best way to set up good relationships between company managers and agents. An agent may not like the fixed wage and may use it to be lazy in his work because his compensation will be no different, no matter his standard of work. The provision of ownership rights reduces the incentive for agents adverse selection and moral hazard since it makes their compensation dependent on their performance (Jensen, 1983). The other managerial theory is the organisation theory. This theory refers to those who want to get the best value out of a company. These people need to know how to achieve this goal and also they will need to monitor and control performance to understand how to achieve results by structuring activities and planning. In using this theory people view a company as a firm trying to attain maximizing profits. It does not take notice of the possibility of negative relationships between owners, managers and employees. Organization theory sort of came into being due to competition being so focused on that there was a lack of recognition of other goals in organisation and organisation theory became prominent due to its reaction against such ideas. It was necessary to understand behaviour which seemed to be irrational. The idea that profit maximization is the only goal of the firm and that it explains business behaviour is not accurate at all. Agency theory has shown us that firms may not take part in profit maximizing behaviours due to negative relations between owners and managers. As such it is unlikely that we will ever see profit maximisation even if there were unanimous views amongst owner, managers and employees. If we compare the business behaviour of owner-managed and professionally managed companies we can see that, against the agency theory, professionally managed firms are more likely than not to engage in profit-maximisation. In conclusion, the validity of the statement that since ownership no longer implies control, business behaviour and managerial priorities cannot be explained on the assumption of profit maximisation is valid. Due to several different theories, firms/companies behaviour in business can depend on inter-business relationships, profit maximisation, performance control, activity structuring, etc and profit maximisation alone cannot show this. 2) It is not hard to see that if consumers start to go to smaller and cheaper chains of good producers that it will have a negative impact on larger chains. But using oligopoly pricing theories I will discuss the impact of consumers change of choice and set out the long and short run reactions of the larger chains. An oligopoly is a market dominated by a few large suppliers. The degree of market concentration is very high. Firms within an oligopoly produce branded products, such as nestle, Kelloggs etc and there are also barriers to entry. Also within an oligopolistic market is interdependence between firms, i.e. each firm takes into account the lreactions of competing firms when they are making pricing decisions. As consumers have decreased income due to the recession the popularity of chains such as Aldi and Lidl increased dramatically. As such Tesco and Sainsburys have made efforts to outclass Aldi and Lidl. MICROECONOMICS ESSAY 2 ANTHONY STADDON 000457496 PAGE 3 Due to their small size, Aldi and Lidl are not seen up at the top with companies such as Tesco Sainsburys and Asda and their foreign status means that within the UK they are not monitored nearly as much as if they were local domestic companies. They are increasing popularity due to their cheap goods.. The way in which places such as Aldi and Lidl differ from larger chains is that instead of selling masses of different items that the larger supermarkets like Tesco sell, they sell a limited range. Also instead producing different brands of one item they offer just one. The large volumes that they should shift by selling just one brand means that they can sell them at very low prices. In the short term, companies such as Tesco and Sainsbury would most likely drop their prices on their goods to compete with the smaller stores. However this might have a negative effect on them because they could lose money in doing this and still not regain the customers that have changed to Aldi or Lidl. Though in the short term, they could make vast profit in small time spaces even if it doesnt last. For example, if Tesco, made offers on turkey around Christmas to battle that of Lidls pricing and they were able to sell turkeys at lower prices, then for a short period of time, ( the Christmas period), consumers would go to Tescos. Alas though, as soon as it is no longer Christmas, then the consumers would return to Lidl to continue on their cheap grocery shopping. Aside from festive occasions, Tesco could make little offers to compete with Lidl and Aldi throughout the year, and still make a little profit over the smaller chains. To compete in the long-term, the larger chains reactions are going to have to be a lot more inventive and cunning. They will have to invent systems that allow them to sell goods all year round at low enough prices to beat the smaller chains. For example, Tesco brought about cash savers to compete with Lidl and Aldi in their prices. This system has resulted in the price slashing of thousands of goods and it is not a short term thing. Tesco intent to keep it and use it to muscle the smaller chains out. 3) Pareto efficiency is the concept of when one person cannot not be made better off or has a better position without making someone else worse off. A big problem that economics has to deal with is allocation of resources. Allocation of resources is when resources are distributed among producers and consumers. But to efficiently allocate them one must take into account the cost to attain the resources, to process them and how much of the resource there is to use. Pareto efficiency may provide a weak method for comparing economic outcomes, but it is an important method. Its a weak method due to the fact that there may be several efficient situations in an economy and this method does not help us choose between them. An example would be that two people are walking along a street when they see on the ground a ten pound note. If one of them picked it up and kept it, or the other person picked it up and kept it, or if one of them picked it up and gave it to the other person, then these would all be efficient outcomes. The fact that neither of them gains from finding the bill is not the point but they avoid the inefficient outcome of not picking up the tenner and keeping it.

Evaluating Algebra 1 Textbook & Reading Strategies Essay -- Education

Introduction In Yorba Buena high school, English Language Learning (ELL) student face obstacles connecting with the textbooks and comprehending the academic content. Section 10.1 of the Algebra 1 textbook (Larson, Boswell, Kanold & Stiff, 2007) is analyzed for comprehensibility and strategies to support students to connect with the text at intellectual level (Vacca, Vacca & Mraz, 2011). The chapter ten of the textbook will be thought at a tenth grade class during the week of March 11, 2012. Most of the learners in this Algebra 1 class are classified as level three and level four ELL students (California department of Education, 1999) and most of the students speak fluent conversational English. A page from section 10.1 of the Algebra 1 textbook is included (Appendix A, Figure x), page consist of about 250 words and defines five new content specific low frequency vocabulary. Text book Analysis Section 10.1 of the Algebra 1 textbook analysis is performed in the context of a specific classroom, students, reading proficiency, and learning goals. In essence textbook is evaluated from reader’s perspective and the learning of complex and abstract mathematical models. Chapter 10 objective is to develop foundation to graph and solve quadratic equations (Larson, Boswell, Kanold & Stiff, 2007). Applicable California Common Core Content Standards for Mathematics are moderately vigor and requires students to: 1. Complete the square in a quadratic expression to reveal the maximum or minimum value of the function it defines. (Common Core Standard A-SSE-3b) 2. Create equations in two or more variables to represent relationships between quantities; graph equations on coordinate axes with labels and scales (limit to linear and quadratic). (Co... ...(Exhibit C, Figure 3) of Concept Definition (CD), (Vacca, Vacca & Mraz, 2011, p.256). Graphic organizers are effective tool in conjunction with sheltered instructional pedagogy to scaffold ELL students to access grade level content. â€Æ' Works Cited California department of Education. (1999). Retrieved on March 10, 2012 from http://www.cde.ca.gov/be/st/ss/documents/englangdevstnd.pdf California department of Education, K-12 California’s Common Core Content Standards for Mathematics (2010). Retrieved March 10, 2012 from http://www.scoe.net/castandards/agenda/2010/math_ccs_recommendations.pdf Larson, R., Boswell, L., Kanold, T. D., & Stiff, L. (2006). Algebra 1. McDougal Littell/Houghton Mifflin. Vacca, Richard T., Vacca, Jo Anna L., and Mraz, Maryann (2011). Content Area Reading: Literacy and Learning Across the Curriculum(10th Edition). Boston: Pearson.

Recent Trends on China Activated Carbon Industry Essay

All Market Research include new market research report â€Å"http://www.allmarketresearch.com/wiki/china-activated-carbon-industry-report-2013-2015.php† to its huge collection of research reports. All Market Research announces that a new market research report is available in its catalogue:â€Å"http://www.allmarketresearch.com/wiki/china-activated-carbon-industry-report-2013-2015.php† . In recent years, China has seen a growing surge in terms of the production and demand of activated carbon with the export proportion ever declining, on account of intensifying environmental-friendly policies in China as well as accelerated trade protectionism carried out by European and American countries. In 2012, China’s production of activated carbon sustained upward mobility, with the output growing by 5.4% year-on-year to 521,100 tons; and the domestic demand surged by 13.5% year-on-year to 303,000 tons, while the export volume slightly decreased by 3.6% year-on-year to 232,500 tons, with the proportion in output dropping to 48.8%. The estimation shows that the production and consumption of activated carbon in China will grow in a steady way till 2015, with the respective targeted figure realizing 754,000 tons and 448,000 tons. To Have a Copy:http://www.allmarketresearch.com/wiki/china-activated-carbon-industry-report-2013-2015.php In China, the production of activated carbon concentrates in regions abundant in coal resources such as Shanxi and Ningxia. In 2012, enterprises with the annual capacity exceeding 50,000 tons included Ningxia Huahui Activated Carbon Company Limited and Shenhua Ningxia Coal Industry Group. In addition, other coal tycoons also spread their wings towards activated carbon field. A case in point was Datong Coal Mine Group, which started its 100,000 tons/a coal-based activated carbon project in June 2012 with total investment of RMB1.17 billion. Once finished, the expected sales will harvest RMB760 million annually. Wooden activated carbon enterprises in China are largely located in Fujian, Jiangxi, Zhejiang and Jiangsu. But most of them are small-sized ones with the annual capacity ranging from hundreds of tons to thousands of tons. As of late 2012, Fujian Yuanli Actice Carbon Co., Ltd. had realized the capacity of 55,000 tons/a in the wake of capacity expansion and merger of Huaiyushan Activated Carbon and Manzhouli XinFu Activated Carbon, with business coverage from sugar making, food & beverage and food fermentation to medical, water treatment and waste gas treatment. Moreover, enterprises with the annual capacity of wooden activated carbon surpassing 20,000 tons consisted of Zhixing Activated Carbon, Xinsen Carbon Corp., Ltd, etc.

Nonsense poem Essay

Jabberwocky is a nonsense poem authored by Lewis Carroll which is contained in his famous work Through the Looking Glass, and What Alice Found There in 1871. As many literary scholars and critics argue, Jabberwocky is normally regarded to be one of the utmost â€Å"nonsense poems† worked out in the English language. But though it is termed as nonsense poem, it is employed in various schools to educate learners on the application of portmanteaux. The poem is comprised of various terminologies and expressions that do not really have equivalent meanings in the English language. The words used by Carroll’s throughout the poem are mainly combinations of different words which are fused into one expression or term. As Jabberwocky revolves on a legend of a fictional monster and how it is slain in the tale, it suggests a very imaginary and unreal story and events which complements the structure of the poem with nonsensical terms. According to literary scholars, the original purpose of the Jabberwocky and its structure is directed towards Carroll’s criticisms against pompous and â€Å"ignorant literary critics. † Nevertheless, after the publication of it, it became a subject for different literary interpretations and even used in schools for some literary discussions and appreciations. The Jabberwocky conveys every possible fictional characters and events which are harmonized by the inclusion of superfluous nonsense expressions and terminologies. But no matter how unconventional it may appear, the effect of Jabberwocky impacts the society form culture to education which makes it a very popular culture since its publication. The unintentional and unexpected outcome which the poem produces strengthens and proves the uncertainty and unpredictable character of a potential great literary work. Reference Carroll, L. & Stewart, J. (2003). Jabberwocky. Candlewick.