Making a Mega City in Bangladesh Free Essays

â€Å"Making Mega City in Chittagong† We are owner of â€Å"Dream Properties Builders†. Our company mission is become number one company in properties business and vision is become a brand in Bangladesh. Our slogan is ‘We make your dream real’. We will write a custom essay sample on Making a Mega City in Bangladesh or any similar topic only for you Order Now Our main office in Chittagong at Jamal Khan road and in Dhaka at Rd11, Suhrawardy Ave, Baridhara. Our company taking a plan in Chittagong and this is making mega city. The project budget is one hundred and fifteen crore Taka and life is 10 year. In budget fifteen core taka for bank interest and one hundred core taka for other cost. Why we take this plan: In economists language Chittagong is heart of Bangladesh and recently our Government takes decision to expand Chittagong Port and make a deep sea port in Sonadia. After considering this we think in future Chittagong becomes an important place for people and business organization. In near future demand of apartments, shopping mall, commercial place etc will increase in Chittagong and this is profitable for us. Making a five star in partnership with Hotel Lords Inn. Selected location: For making mega city we take a project name DREAM CITY . This project take place in Cornel hut . For apartments we selected ? of the hole project . The mega city is about 500 acres .. For commercial building and hospital we selected the center space of the whole project. For shopping mall selected southwest corner of the perimeter. Fund Rising: In One Hundred and Fifteen Core Taka we and our partner finance seventy core taka and another thirty core Taka taking loan from Bank Asia at interest rate 5 percent. The bank interest we collect from our revenue. The cost: There are many type of cost. Here we listed some main cost like Land accruing:Tk 450000000 Material cost: Tk 300000000 Labor cost:Tk 90000000 Interest expense: Tk 150000000 Other expense:Tk 160000000 In material cost include cost of cement, iron, machine, stone, glass, aluminum etc and in other expense include office expense, transport expense, government tax etc. The revenue: Here are some revenues which we can earn We have 500 apartment project, where per apartment size is 1250 amp; the entire apartment sizes are 6250. per sq feet will sell 4000tk amp; we can earn 300000000tk. We also have 100 duplex home project, per duplex apartment will sell for 500000000tk amp;total earn would be 500000000tk. Shopping mall 35000 sq ft,per sq feet tk4000 amp; total amount would be tk140000000. Other revenue from other project 500000000tk. fixed earning come from commercial building , school , hospital, water supply . because our company we run this things in the dream city. Minimum fixed income is 50000000 per month. Promotion: to promote our mega city plan we will take help from the media. Commercial advertisement, newspaper, radio helps us to market our project to the hole country. How to cite Making a Mega City in Bangladesh, Papers

Cntemporary Motivation Theory

Question: Which contemporary motivation theory would motivate you the most? What makes this theory so attractive to you? Give an example of why? Answer: Introduction The contemporary theories depict the existing modern in illumination of worker motivation. A few of these are ERG theory, McClellands Theory of Needs, Theory of goal setting, Theory of cognitive evaluation, equity theory, reinforcement theory etc. My Observations In my opinion, when I have high goals, I am able to perform very well. I have to set the high standards for myself to keep me going. So, for me the goal-setting theory is the most suitable. For example, whenever I get a feedback from anybody regarding how I am doing, I feel more enthusiastic to attain my goals. The goals are motivation factor for me since I know I can prove my capabilities by achieving my aims. As I have a strong belief in myself, I think this theory would boost my confidence as I keep on achieving my goals, one after another. Even I have seen, when I perform my work independently then I am able to provide better output and able to learn more from my experiences. So, in my opinion the best way to keep myself motivated is laying of some high-end goals. As per Locke and Latham (2002) particular goals (frequently quantified) allow business members recognize what to strive at and permit them to assess their individual development. The motivation to work for accomplishmen t of goal is chief basis of work motivation. Comprehensible, exacting and complicated goals are better motivators than simple, universal and unclear objectives (Latham, 2003). References Latham, G. P. (2003). Goal setting: A five-step approach to behavior change. Organizational Dynamics, 32(3), 309-318. Locke, E. A., Latham, G. P. (2002). Building a practically useful theory of goal setting and task motivation. American Psychologist, 57(9), 705-717.

Hamlet and the Man in the Iron Mask free essay sample

The Man in the Iron Mask, by Alexandre Dumas, and Hamlet, by William Shakespeare, both follow similar plot lines and relate to each other through their themes. Shakespeare and Dumas both discuss themes of family, justice and judgement, lies and deceit, loyalty and the consequences of revenge. These major themes blend seamlessly in the stories of Shakespeare’s Hamlet and The Man in the Iron Mask. The themes are consistent throughout the play and the book, ultimately addressing the search for truth and justice in each of the protagonist’s situations. Although a number of similarities exist between the two stories, they approach the subject of loyalty differently. What Shakespeare and Dumas have discussed in their stories demonstrates a similar challenge, the search for the truth behind the lies. Hamlet and Philippe suffer mentally as they consider the consequences of their actions and inaction. As other characters become tied to their reactions, they too pay a price for their involvement. We will write a custom essay sample on Hamlet and the Man in the Iron Mask or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page First, in both books there are themes about the consequences of revenge. The main theme is that revenge leads to destruction instead of solving the problem, ultimately escalating the primary problem further. Both forms show justice and judgement in the revenge displayed towards the kings. In the play of Hamlet, the main character is confronted with the ghost of his father who reveals that his death was not an accident but a murder. As Hamlet takes revenge, other people become involved and a cycle of revenge for death takes place. In order to accomplish what he knows as justice, Hamlet uses sound judgement as he takes revenge, both physically and emotionally, on those around him. In the Man in the Iron Mask, the musketeers want to take their own revenge on the king for the lack of food for the starving people in the village and his cruelty in general toward his people. Vengeance in this book turns into a cycle as the three musketeers take revenge on the king; the king later takes revenge onto his people. The son of the recently deceased king is known to us as a young man named Hamlet. The truth of the death of his father becomes known to Hamlet when his father’s ghost appears to him, explaining that he was murdered with poison at the hand of his own brother, Hamlets uncle. This method of death by poisoning foreshadows the death of the main characters later in the play. Prince Hamlet then devotes himself to avenging his father’s death, but delays the physical death of his uncle in order to torture him psychologically. The people involved enter into a deep melancholy and madness as Hamlet lets go of his closest relationships, judging family and friends for their disrespect toward his dead father. Hamlet psychologically tortures his uncle by arranging for a play named â€Å"Mouse Trap. † Hamlet plans it so that it parallels his father’s death, in an effort to witness Claudius’, Hamlet’s uncle’s, reaction. Claudius goes through physiological distress as he begins to wonder if Hamlet knows the truth behind the death of his father. Claudius then runs out of the theatre in order to pray for forgiveness. Hamlet follows and begins to draw his sword as this becomes the ideal moment to enact justice onto his uncle. However, Hamlet takes notice that Claudius killed his father while his father’s sins were unforgiven. King Hamlet had no time to repent due to the fact of his murder and was left to the divine to judge him. Hamlet decided to kill Claudius another time, perhaps when the king is drunk, angry or in the middle of an immoral act. This way, there would be no uncertainty about whether Claudius would go to Hell or not. Hamlet admires his father to the extent that he is determined not only to kill Claudius but also to make him suffer the wrath and judgement, sending him to a similar afterlife in Hell. (Shakespeare pg. 85 Act III, Scene 3). As Hamlet goes to his mother in anger, he is determined to inflict pain on her emotionally, using his own judgement again to enact justice. â€Å"Nay, but to live in the rank sweat of an enseamed bed, Stewed in corruption, honeying and making love Over the nasty sty. † (Shakespeare pg. 89. Act III, Scene 4). As the queen cries out for help, Hamlet accidentally kills Polonius, Claudius adviser, as he thrashes his sword into the curtain in hopes that it is Claudius. This causes Ophelia, Polonius’ daughter, great distress as she quickly becomes psychologically distressed and senseless. â€Å"And will ‘a not come again? And will ‘a not come again? No, no he is dead, Go to thy deathbed, He never will come again. † (Shakespeare pg. 109. Act IV, Scene 5). In this state of mind, she dances to the river and falls in, drowning to her death. Laertes, Ophelias brother and Polonius son, arrives from his travels. He is enraged and takes revenge for the death in his family. King Claudius takes this opportunity to turn Laertes against Hamlet as he devises a plan with Laertes so that they both can take their revenge on him. Again poison is used for the death. Poison is placed in a cup of water that is offered to Hamlet during a sword fight. Furthermore, Laertes places poison on his sword before the duel. This scheme radically backfires on the King as his new wife, Gertrude, drinks out of the cup, and Laertes and Hamlet get stabbed with the poison. In the end Claudius is forced by Hamlet to drink the poison and all four major characters die to poison. Shakespeare pg. 140 Act X, Scene 2). Fortunately, before his death, Hamlet was finally successful in his revenge as the details surrounding the death of Hamlets father become revealed to the crowd of people watching the dual. Therefore, by taking revenge, it leads the avengers to their own destruction as they took justice and judgement into their ow n hands and accomplished what they had promised. In The Man in the Iron Mask the theme on the consequences of revenge in justice and judgement are similar to that in Hamlet, as it begins a cycle of death. In this novel, justice is whatever King Louis XIV says it is. This explains how the system of government worked in France during the 16th and 17th century. At the beginning of the novel, Paris is starving but King Louis XIV is more interested in economic gain and seducing women. Madame de la Valliere becomes the woman after whom the king is lusting and sends Raoul, her finance to war. As Raoul begins to become depressed from his broken heart, he is sent off to battle. According to the king’s orders, he is sent to the front lines and all men are to abandon him. Raoul inevitably dies in battle. When Athos, Raoul’s father, hears about the death of his son, he becomes enraged at the king. Athos forcefully criticized the King for his behaviour regarding La Valliere and the death of his son. Aramis, Athos and Porthos band together with a plan to replace the king (Alexandre Dumas, chapter 10. pg. 79). This plan involves the replacement of King Louis XIV with his twin brother. The three musketeers free the imprisoned Philippe who has been behind prison doors for six years and placed in an iron mask. In the end, all three musketeers die and Philippe is placed back in prison hidden, forever beneath the mask of iron. Although all of the characters in the novel seek out revenge, their efforts fall short of being truly successful. The Man in the Iron Mask and Hamlet show the consequences of revenge depicted in each of the characters’ struggles to take justice into their own hands. Their revenge ultimately results in a cycle of death. The main difference between the play Hamlet and the novel The Man in the Iron Mask is the theme of loyalty. In the play, loyalty remains consistent as Hamlet is loyal to his father and his vengeance. However, in The Man in the Iron Mask, loyalties are continually being changed as the characters are pitted against each other. The characters in the novel are expected to always be loyal to King Louis XIV; however, this requirement in the king’s subjects conflicts with loyalties between friends, family, and the self-interest of the musketeers. This main theme demonstrates that the search for the revelation of truth comes at the price of either breaking loyalties or staying true to loyalties, and facing death in the process. In Hamlet, there are several different characters that portray loyalty continuously throughout the novel. The main character, Hamlet, shows his loyalty to his father, growing angry at the fact that he was murdered by his uncle. When his father asks Hamlet to take revenge on Claudius, Hamlet becomes enraged and his willingness to take revenge becomes revealed. â€Å"Ghost: Revenge his foul and most unnatural murder. Hamlet: Murder? Ghost: Murder most foul, as in the best it is But this most foul strange and unnatural. Hamlet: Haste me to know’t, that I, with wings as swift, As meditation or the thoughts of love, May sweep to my revenge. † (Shakespeare pg. 29 Act I, Scene 5). Hamlet stays loyal to his father’s memory through the whole novel, seeking revenge on Claudius until he is able to kill him, accomplishing this task as he dies alongside Claudius. Loyalty is also shown by Rosencrantz and Guildenstern, courtiers and former friends of Hamlet from Wittenberg. They are summoned by the new king, Claudius, to discover the cause of Hamlets strange, negative and morbid behaviour. Their loyalty to the king causes them to lose Hamlet’s friendship and respect. As Hamlet discovers this, he arranges their death, making them pay for their betrayal to him with their lives. Loyalty is also shown in Act I, when Horatio, Marcellus and Bernardo reveal to Hamlet what they see of ghost of his father. They also swear to keep silent about the event, which remains kept secret throughout the novel. Again, Horatio shows loyalty to Hamlet as he watches the reaction of the king during the play â€Å"Mouse Trap† performed by the players. He later tells Hamlet about the facial reactions of the king as he watched the performer kill the fake king, revealing his guilt in the murder of Hamlet’s father. However, in The Man in the Iron Mask, loyalties change continuously, most notably demonstrated in the ending of the famous friendship of the three musketeers. The broken loyalties within the kingdom break the trust of all characters through scandals and lies. For xample, the queen gives her loyalty to Philippe but sacrifices Philippe for her political stability. Also, Aramis demonstrates betrayal in his disloyalty to the new prince Philippe. At the beginning of the novel, Aramis praises Philippe through his love, respect and service; however, he leaves Philippe to fend for himself without a backward glance. Aramis chooses his career advancement over his friendships and loyal ties. This is revealed to us by his treatment of Porthos and Philippe, when he suggests Porthos be killed to preserve the secret of Philippe. Another example of disloyalty is when Aramis, one of the main three musketeers shows true and loyal feelings to Philippe, but chooses political stability gain over faithfulness to Philippe. â€Å"A friends word is the truth itself. If I think of touching, even with one finger, the son of Anne of Austria, the true King of this realm of France; if I have not the firm intention of prostrating myself before his throne; if, according to my wishes, to-morrow here at Vaux will not be the most glorious day my King ever enjoyed, may Heavens lightning blast me where I stand! Aramis had pronounced these words with his face turned towards the alcove of his bedroom, where dArtagnan, seated with his back towards the alcove, could not suspect that any one was lying concealed. The earnestness of his words, the studied slowness with which he pronounced them, the solemnity of his oath, gave the Musketeer the most complete satisfaction. (Alexandre Dumas, chapter 14. pg. 104) Later on in the novel it is clear that Aramis no longer feels any real loyalty to Prince Philippe. Warn the Prince, and then- do what? Take him with me? Carry this accusing witness about with me everywhere? War, too, would follow,- civil war, implacable in its nature! And without any resource- alas, it is impossible! What will he do without me? Without me he will be utterly destroyed! Yet who knows? let destiny be fulfilled! Condemned he was, let him remain so, then! (Dumas, chapter 21 pg. 231) By the end of the novel, King Louis XIV has obtained absolute power, where his word is law, accepting no disagreement to what he says. Aramis desires to have influence and power alongside of King Louis XIV. Soldier, priest, and diplomat; gallant, greedy, and cunning; Aramis took the good things in this life as steppingstones to rise to bad ones. Generous in mind, if not noble in heart, he never did ill but for the sake of shining a little more brilliantly. † (Alexandre Dumas chapter 6. pg. 34). In order to live and have power, loyalty needed to be kept to the king. Philippe’s friends chose loyalty to Philippe; and they were killed as a result. In the end, after the death of his friends, Aramis retreats to a Spanish estate in his glorious riches. The Queen, however, wants the kingdom to succeed and she sees that the only way to do so is to listen to the people. The people beg for food and help from the king. However, King Louis XIV shows no compassion towards his people and is only interested in personal pleasure. For the sake of the country, Anne of Austria, the Queen and mother of Philippe, chooses to help her son, but as her power begins to decline she sacrifices Philippe for her political stability. In Hamlet and The Man in the Iron Mask loyalty is portrayed differently. Both stories show that being loyal exacts a high price. The death of all those who are loyal in these stories is an example of the high price that must be paid. In Hamlet, loyalty is continuous throughout the play, but in The Man in the Iron Mask, there is no loyalty when power begins to corrupt the characters. Therefore, all these examples show that the portrayals of the themes of loyalty in Hamlet and The Man in the Iron Mask are very different. In Hamlet, the truth is found through the loyal bonds of Horatio as he tells the story of the death of the true king. In The Man in the Iron Mask the truth of Philippe is revealed to the kingdom through the courageous acts of the three musketeers.

How is tension created and sustained in The Monkeys Paw Essay Example

How is tension created and sustained in The Monkeys Paw Essay Example How is tension created and sustained in The Monkeys Paw Paper How is tension created and sustained in The Monkeys Paw Paper Essay Topic: Literature The Monkeys Paw is a short, horror story written by WW Jacobs. It was written and set in the 19th century in a time where there was almost an obsession with the gothic, Victoria genre. Jacobs uses a range of techniques which create and add tension of the audience. The setting, structure, genre, characters, language and atmosphere all contribute to the ascending build up of tension throughout the story. The setting of the story is typical of the time in which it was set. There are many clues given by the author, which help us to distinguish the time period in which the play was set. Items such as the china candlestick and the fire would not be used commonly today because of the introduction of electrical heaters etc. Furthermore, when Mr white says: A rat. It passed me on the stairs, we find it difficult to comprehend this. This is because we would find a rat scuttling around in our houses today extremely peculiar and probably unbelievable whereas Mr and Mrs White do not seem to make much of a fuss about it because it may have been normal in that time. The rat may have been common then, in a time where plague and diseases were very active. This all contributes towards the spooky/horror theme of the story which creates a feeling amongst the audience that they expect something to happen. The setting/atmosphere created in the story is very carefully thought out by the author. It starts with the father and son playing chess together, indicating that they have a close relationship and the family is close-knit. The family are in the warmth of their cosy home, at least the author gives this impression to us anyway, the fire burned brightly. Father and son were at chess. This image given to us by the author is very ironic because they may seem safe at the moment but later on we come to find out that they are far from it and are in fact extremely insecure. The weather is described to us as being, cold and wet, which has depressing, gloomy connotations which is therefore in complete contrast to the atmosphere inside. This signals a change in the plot, and the with the cold, wet weather, the author is almost hinting to use that something negative is going to happen in the story. Therefore, the reader is encouraged to read on because of the tension that has been created. However, the weather outside also reflects the mood of Mr. White who is upset after losing the chess match, so therefore it is pathetic fallacy, which in turn creates an eerie mood. Another significant factor in the setting of the story is Sergeant-Major Morriss introduction of India. Since India is a foreign country, the audience may not be so familiar with it. Therefore, they would not be too sure what to expect of the monkeys paw in terms of its powers and therefore mystery is created. This leads to the curiosity of the reader, creating tension as the reader gets eager and wants to know what will happen. The family live in a villa, away from everything, which gives us the impression they are isolated; Mr White says, Thats the worst of living so far out .. Only two houses in the road are let. This tells us that they live in a very secluded area, away from a town or city. By situating the family in this area, the author is hinting to us that something bad is going to happen because the thought of them with nobody else to help them if something goes wrong makes them seem vulnerable to us. Furthermore, Mr White saying to us that only two houses in the road are let enhances the idea that they are isolated because that means only two of the other houses are occupied. Sergeant-Major Morris is an extremely mysterious character. We seem to imagine him as a gigantic, mean, imposing, muscular man when hearing of his arrival because of the heavy footsteps, which he makes as described so by the author. His arrival is somewhat sprung on use and we do not get to know much about him until he starts conversing with the Mr White and family about the paw. Therefore he is almost like an unknown character to us. Once Mr White mentions the Monkeys Paw, he seems eager to change the subject: Nothing said the soldier hastily. This tells us that he was not keen to disclose information about the Monkeys Paw and was clearly hiding some details at the beginning. Once he realises the others are interested in the paw, he tries to play down its powers: its just an ordinary little paw dried to a little mummy. The reason for him acting this way is not clear to us at first but later on we get to know that the reason for this is because he has bad experiences with it. We know this because of his reaction when being asked is he had used his three wishes, his blotchy face whitened. This indicates that he has had some bad encounters with the paw because ones face usually whitens when feeling sick, shocked or frightened. However, he does warn the Whites about its powers, it has caused enough mischief already, although he prevents himself from revealing the full details of these events for some reason. It is also ironic that he says to the Whites, dont blame me for what happens, and but I warn you of the consequences, because although there are plenty of strong warnings, the Whites seem disinterested but in the end they pay for this i. e. Herberts death. On the whole, Sergeant-major is a mysterious character of whom we know little of. He seems to be hiding something about his experiences with the Paw. His character creates an eagerness in the audience resulting in tension. Another character who contributes to the tension created in the story is Mrs White. From what she says (her speech), we get to know that she is quite suspicious: He dont look to have taken much harm, is what she says when responding to something the sergeant said. This tells us she is not scared to point something out, and is prepared for an argument if she does not agree with somebody. It also tells us that she may know something about the sergeant that we do not. Similarly, she is very curious about the monkeys paw and is surprised upon hearing of its powers, Sounds like Arabian nights, she says. Here, she is mocking the sergeant major, making a mockery of a highly respected figure. It also tells us that she is a very curious person. This suspicious, curious attitude of hers adds to the tension. However, Mrs Whites attitude to the paw very much changes towards the end of the story. After learning about the death of her son, Herbert, she wants to bring him back by using the powers of the paw. This is in high contrast to her attitude at the beginning when she thought it was just a toy. She urges her husband to wish for Herbert back using the paw: Wish she cried in a strong voice. This tells us of her eagerness to bring Herbert back, indicating she loves her son very much. During the climax, the language devices and style used by the author are all very interesting, and were all created in order to create a rush of tension at the end. The sentences used at this point in the story are shorter ones in comparison to the more complex and compound sentences used beforehand. Sentences such as, His wife sat up in bed listening, Let go and I must open the door are use by the author in order to increase the pace of the story and to create anxiety amongst the audience. The sentences are short in order to delay the point of climax, so that the audience find the ending of a better quality. There are also short bursts of action at this point in the story to get the reader excited about what will happen, and frantically breathed his third and last wish. This is probably the part of the play where the tension is at its highest because the audience are holding their breath as to what it going to happen. The adverbs used by the author help to create this tension because words such as frantically, hoarsely and appealingly give us an insight to the actual feelings of the characters. This helps us because then we can relate to the characters. In conclusion, I can say that in the monkeys paw the author uses a variety of methods to create tension. These include characters, setting, structure, language and style. Overall, I would say that Sergeant-Major Morris is the person who contributes to providing the most amount of tension in the play. His mysteriousness and whole demeanour just makes the audience think that something bad is going to happen in the play because of him. I also think that the climax used by WW Jacobs was a very clever way to build up a lot of tension.

Carnap Empiricism, Semantics and Ontology Essay

Carnap Empiricism, Semantics and Ontology - Essay Example The concern on the use of abstract entities in semantics comes from the two divergent views held by semanticists. One group of semanticists; especially those inclined to science hold that some expressions refer to entities including both concrete materials and abstract entities. Concrete materials refer to tangible objects such as trees. However, other semanticists oppose such a view and argue that such a perspective goes against the principles of empiricism and takes semantics back to the â€Å"Metaphysical Ontology of the Platonic Kind† (Carnap 242). By saying that such a perspective takes semantics to â€Å"Metaphysical of the Platonic Kind† implies that the approach reduces semantics to imitation where semantics can only refer to observable objects. The paper will therefore explore the best approach that may used in inclusion of abstract entities into semantics and avert a controversy as one brought out by Carnap. It will be achieved by first discussing linguistic f rameworks, numbers as abstract realities and the implication of accepting a new kind of entities. To dispel the controversy presented above, Carnap begin by discussing the linguistic frameworks. Carnap poses a question on whether there exist classes, properties and propositions and goes ahead to assert that such can only be understood by recognizing the distinction between two forms of questions touching on the reality of entities (242). Firstly, Carnap discusses about internal questions that are formulated using new structures of expression. Answers to internal questions may only be achieved by following a logical sequence or empirical methods based on whether the framework is a factual or logical one (242). Logical sequencing refers to finding answers through a series of questions. Empirical method refers to answering question using theories. On the other hand, external questions are in complex forms and require closer evaluation. The reason

Economic efficiency concepts Term Paper Example | Topics and Well Written Essays - 1500 words

Economic efficiency concepts - Term Paper Example profit." This is basically a study of factors which affect economic decisions of individuals, households and business enterprises in specifically defined markets. In view of these, a relevant topic encompassing economics at the abovementioned level is the concept of economic efficiency. Economic efficiency is normally defined as â€Å"a ratio of the quantity of some measure of output to the quantity of input required to bring it about. In economic theory, the desired output of economic activity is taken to be an increase in social utility, and the input required is some combination of the productive resources of land, labour and capital.† (The Citizens Compendium 2009) Productive efficiency is â€Å"the optimum combination of resources required to produce a given output at a given state of technology at which the ratio of their marginal products to their marginal costs are equal, because otherwise output could be increased at a given level of cost by increasing one input and reducing another.† (ibid. par. 5) On the other hand, allocative efficiency means that â€Å"resources are allocated optimally between two outputs when the ratios of their marginal social utilities to their marginal social costs are equal - because social utility could otherwise be increased by switching resources from one output to the other†. (ibid. par. 6) Finally, distribution efficiency is achieved when â€Å"each consumers margin rate of substitution of one product for the other is the same as that of the other consumer; that is to say when the ratio of the marginal utilities of the two products is the same for the two consumers, because otherwise they could gain from a swap† (ibid. par 7). According to Schneck (2007), â€Å"the criterion for economic efficiency is value. A change that increases value is an efficient change and any change that decreases value is an inefficient change.† He further averred that value is subjective; meaning, it differs depending on the perception of the

Internatoinal business mangement 3 Assignment Example | Topics and Well Written Essays - 750 words

Internatoinal business mangement 3 - Assignment Example Hence, a prudent thing to do is to expand the market internationally in the effort to increase profitability and survival at the same time (Hill, 2012). Expanding internationally has many benefits, which increase chances of survival. An organization is able to boost its reputation and boost the staff morale. In addition, the existing products are introduced to new markets, especially if they have become less popular in the domestic markets. The firm’s overreliance on the domestic markets reduces and the risks, though hard to do away with can be spread. The great sales volume as well translate into higher profits However, in establishing a business internationally, it requires coordinated effort as well as sustained management effort. This practically implies management talent. This is easily attained by just setting up an economic model. Such a model is meant for solving problems as it offers a structured solution to the dilemma under review. Global industries are those industries whose firms must compete in all world markets. These industries have the characteristic of gaining economies of scale across markets. These companies pursue a global strategy whereby they compete in all markets and they provide the same product for each market. They identify customer needs and wants in the international borders. Global industries are also characterized by high development and recurrent costs, thus requiring more than one market to recover the costs. The following firms are categorized in the global firms’ category as they have those features. Movie making, bulk chemicals, pharmaceuticals, branded food products, television manufacturing, personal computers and airline travel (Hill, 2012). Multidomestic industries on the other hand, are those industries with a strategy of producing products and services, which are commonly tailored to individual countries. Innovation comes locally and managers decentralize decision-making as well as encourage local sourcing. They