Obisity Essay Example | Topics and Well Written Essays - 1000 words - 1

Obisity - Essay Example 006) â€Å"†¦an estimated 8.1 million Filipinos — nearly 10 percent of the countrys 85 million people — were working and/or residing in close to 200 countries and territories.† This is one of the many examples of people who have started migrating from developing areas to wealthy nations so that they can improve their stature in life. In modern times, this form of movement is better known as immigration, Rowthorn explains why immigration is encouraged â€Å"†¦ developed nations consist more of the ageing population and they require these immigrants to stabilize the economy of the country... also ensure a cultural diversity in the developed nations.† There are pro’s and con’s of any issue, and by far, immigration has undoubtedly shed light for the oppressed ones of the society. Fleeing the native land does not mean, one is not a patriot, nor has an inclination for westerners. Immigration is solely a personal choice, it is subjective, therefore must not encounter criticism. Immigration can serve to be beneficial for the wealthy countries where the population ages ay by day. The widespread use of birth control measures contributes to the low population of the developed than in the undeveloped and developing nations. These factors result in lower number of manpower and hence require someone who can take the vacant posts. Immigrants can take over these positions; help to improve the economy by producing outputs from their work, paying taxes to the government of the host country just like a native citizen, and providing the cultural diversity as mentioned by Rowthorn. As immigration is increasing all over the worl, , P d it is seen that an understanding of different cultures and religions has also increased simultaneously. People are able to immerse and adjust themselves with the new culture thus, providing an opportunity to exchange cultural point of views. Immigrant tends to speak the tongue one way or the other; they can also teach their own language to

Summary of Chapter, Pricing Strategy Assignment Example | Topics and Well Written Essays - 500 words - 5

Summary of Chapter, Pricing Strategy - Assignment Example The percentage of profit that company deems fit is added to set the final cost. The cost price strategy becomes viable for product only when defined sale volumes are estimated and met through effective marketing. This is a flawed strategy as it relies on sales volumes and if they are not met, the cost goes up and adversely impacts the performance of the company. It also totally ignores the customers who are increasingly become the major part of business strategy and marketing. Competitor based pricing primarily believes in the price strategy of its main competitor and follows the same regardless of its repercussion on its profitability. This is wrong because each has its own constraints and inputs that need to be considered in the pricing strategy. It becomes fatal when the competitor’s strategy is based on selling the product irrespective of loss. The market-led strategy is best described by setting one’s pricing based on the pricing of its competitors. The pricing is either the same or lowered so that to gain market position. Sometimes, when value addition to the product provides it with unique features, firms can maintain their market position even when the price is raised. This is most prevalent in the contemporary environment of high competition. Glaxo’s Zantac had overtaken SmithKline Beecham’s Tagamet because it had fewer side effects in ulcer treatment. Thus, product pricing also influences customer’s perceived value of the product. Three techniques: tradeoff analysis; experimentation; and economic value to the customer or EVC are used for understanding customers’ perceived value of the products. The tradeoff analysis uses customer’s requirements for a product and adds or removes those properties within the product to make it attractive to the customers. Firms can raise the price despite heavy competition. Experimentation  tests the preferences of customers by placing the same product with varying prices at a different location.