Value line publishing Essay Example for Free

Value line publishing Essay

Maximizing Profits as the Main Goal Essay -- Economics Business Manage

Maximizing Profits as the Main Goal The traditional theory (neoclassical) assumes that firm’s primary objective is to maximize profits. That is if the firm is owner controlled. This assumption is based on that firms makes the output and price decisions. Also, that firm takes all necessary actions to earn the greatest profit possible. The managerial theory assumes firms do not necessarily act in order to maximize profits. The basic tenet behind this is the separation of ownership from management, complexity of the organisation and the firm’s manager maximizes his own utility and growth rather than profits. The reason for this is that managers may be judged by the level of sales revenue. I will be providing supporting arguments for and against this assumption â€Å"that the firm’s main motivation is to maximise profits† and draw a conclusion by analysing the firms behaviour as well as further discussing the theories of firms. Profit maximising assumption is based on two premises, firstly that owner is in control of day-to-day management of the firm and secondly that the main desire of owners is to make a higher profit then the amount they invested in the firm. Since this assumption is based on two assumptions, therefore if these two premises don’t hold is it understandable to believe that firms goals is not to maximize profits. Well, this will depend on the motivation of individual firms. If a firm’s ownership and control are in the hands of a single person or small groups of people, then it’s reasonable to assume that the firm’s owners’ goal is to maximize profits. But most of today’s firms are owned by shareholders and other large cooperation, but day-to-day control of the firm is under management. Therefore, the objectives of managements may differ from the shareholders and conflicts may arise. â€Å"For example Baumal (1959) suggest that the manager-controlled firm is likely to have sales revenue maximization, as its main goal than profit maximization favoured by shareholders† (Applied Economics 7th ed. p54). Also, studies of 177 firms between 1985 and 1990 by Conyon and Gregg (1994) found that the pay of top executive of large firms in UK was mostly related to sales growth. Other studies have found that profit was the most important determinant of executive income. For example â€Å"A survey by Management Today in 1990 asse... ..., argued that regardless of how actual firms may behave and constraints on rationality they may be subject to, the surviving firms are those who attained high profits. Due to the strength of these arguments, we tend to accept profits maximization theories are justifiable. Bibliography Alchian, A (1950), â€Å"Uncertaintity. Evolution, and Economic Theory†, Journal Of Political Economy. 58(3), 211-221. Buzzel, R, & Gale, B. (1987). The PIMPS Priciples, Strategic Planning Insitute. Conyon, M & Gregg, P. (1994). Pay at the top: a study of the sensitivity of top director remuneration to company specific shocks, National Institute Economic Review, August. Friedman, Milton (1953), Essay in Positive Economics, Chicago: Chicago University Press. Griffith, Alan & Wall, Stuart (1997). Applied Economics: An Introductory Course. 7th Ed. Lipsey & Chrystal (1999). Priciples of Economics. 9th Ed. Marris, R. (1964) The Economic Theory of Managerial Italism, Macmillan. Sloman, J (2003).†Economics†. Prentice Hall. 5th ed William, K. â€Å"Objectives†. Can be found on: http://william-king.www.drexel.edu/top/prin/txt/MPch/firm2.html. Accessed 4th of February 2005.

D.A.R.E. Report Essay

While participating with D.A.R.E., I learned that drugs and alcohol are not good for you. I also learned that tobacco and alcohol and any other drug can hurt different parts of your body. Marijuana causes breathing problems, short term memory loss, slows coordination and reflexes, and effects ones ability to judge distance, speed and reaction time. Marijuana can become addictive and is illegal in the United States. Smoking tobacco has over 200 unknown poisons in the smoke, and contains nicotine which is very addictive. By not doing drugs is important because if you do drugs you will hurt your body. It is also important because sometimes you have to have surgery and in some cases you can die. Smoking and drugs can hurt a newborn baby. Alcohol slows down the brain and body and causes loss of coordination, poor judgment and loss of self-control, which could lead to serious accidents involving a car and someone innocent can be injured. I feel that everybody should not do drugs. Everyone always have to make wise decisions about what you do with drugs and alcohol. As a participant in D.A.R.E., I will not participate in or associate myself with anyone that is involved in drugs. I will follow all five D.A.R.E. rules and remain a respectable citizen.

Business Law Moral Minimum - 1382 Words

The Moral Minimum: A Complex Standard Each person has a set of personal values and morals that they hold themselves accountable to, whether for religious reasons or the result of years of environmental conditioning. These standards of behavior often go above and beyond the laws set in place by government. Just like individuals, a business entity chooses a standard of moral behavior to uphold. A difficult task to undertake, considering businesses are comprised of people with varying behavioral standards, but a necessary one nonetheless. Businesses are required to act with a moral minimum, defined as the minimum degree of ethical behavior expected of a business, or more specifically, compliance with the law . Most businesses go above this†¦show more content†¦It goes beyond that of the moral minimum, rejecting certain moral norms and debating borderline â€Å"moral issues†, such as drinking or gambling. Despite the author’s book being based on criminal law and society’s dealings with deviant behavior, it sheds light on the framework for moral minimum in a business context. If a business’s behavior does not physically result in harm to anyone, but violates a higher moralShow MoreRelatedDifferent Perspectives On Corporate Social Responsibility959 Words   |  4 Pagespossible moral minimum for organisations. Define Friedmans and Freemans perspectives on (CSR). There are two major perspectives on Corporate Social Responsibility, Friedmans Classical Perspective and Freemans Stakeholder Perspective. Friedmans Classical Perspective refers to the perspective that the primary goal of business is to maximise the economic efficiency while continually acting within the boundaries of the law. This neglects the idea of ethical behaviour, and chooses to only use the law as theRead MoreMoral Responsibility797 Words   |  4 Pages(A) of the core moral responsibility This is done by P. Pula Li (Peter Pratley)proposed. Pula Li believes that the same as the implementation of quality management, companies also accept the moral responsibility of the concrete. at the lowest level, the enterprise must take three responsibilities: (1) concern for consumers, such as the ability to meet the ease of use, product safety And other requirements; (2)concern for the environment; (3) interest on the minimum working conditions. Platts theseRead MoreThe Minimum Wage Debacle1320 Words   |  6 PagesThe Minimum Wage Debacle â€Å"I could be easily replaced by someone tomorrow for less money.† What a dispiriting statement. I was told this from a coworker in October of last year. This coworker has worked for the same grocery store for over twenty years. His remark caused me to formulate many questions about the ethics of business. More specifically though is the question of how this can be a bigger problem than I had originally thought. I have worked many low end jobs, and have seen firstRead MoreThe Fair Labor Standards Act908 Words   |  4 Pagesbottom. Without law regulating how much the people who have fallen to the bottom gain, life would be unlivable. This is the cause for the Fair Labor Standards Act, this law was the first us law to set a federal minimal wage. it has been over 76 years since this law was passed and we are now faced with the same problem. People work hard and don t make enough to live a enjoyable life. When the minimal wage is increased to fifteen dollars an hour the economy will be stimulated, worker moral will increaseRead MoreEssay on Pros and Cons of Minimum Wage701 Words   |  3 PagesCons of Minimum Wage The argument for minimum wage has remained remake consistent over the years. Some people are against minimum wage and the other think minimum wage can help you in a certain way. In the midst of the Great Depression, the Unites States federal government passed the Fair Labor Standards Act. The law has been amended almost every year to expand coverage of the wage floor and to increase the wage itself. Many of the fifty states have enacted their own minimum wage laws, some ofRead MoreRaise Wages Not Expenses1680 Words   |  7 Pagesnational minimum wage is not enough to support a family in our economy. Raising the minimum wage, is an option, but it would do more damage to the economy than it would help. Many lower wage employees and others disagree, so there s constant arguing about what the national minimum wage should be. The minimum wage level has been a topic of debate for decades since it was first introduced in the 1930’s during the Great Depression. Labor unions at the time tried a couple of times to get a minimum wageRead MoreFuture Consideration For Employer Based Health Insurance1628 Words   |  7 PagesEmployer-Based Coverage The ACA â€Å"makes health insurance more secure and reliable for Americans who have it, makes coverage more affordable for families and small business owners, and brings down skyrocketing healthcare costs that have put a strain on individuals, families, employers, and our Federal budget† (Obamacare Facts, n.d.) by the establishment of laws which govern how healthcare. Under the ACA, provisions regarding enhanced protections for individuals who already had insurance such as dependent coverageRead MoreEthics Module 5 Essay782 Words   |  4 PagesProf. Business ethics Written Assignment-M5 Assigned questions: The original assignment in this module dealt primarily with employers trying to find wrongdoing by employees.   We now turn to the question of employee rights and employer obligations.   Using at least two (2) of the foundational ethical theories studied in Module 2, you should answer  the following questions.  Ã‚  Ã‚  With each answer, you should  discuss the issues and set forth and defend a clear position.   --Federal law requiresRead MoreBusiness Ethics And Law : Legal And Ethical Issues1213 Words   |  5 PagesLegal and Ethical Issues in Business Business ethics and law are fundamental principles that guide the way businesses operate. Business ethics are decided and formed by each company and differ from one company to another. They are the core values that business owners, managers, and employees use to conduct their daily operations. Acting in an ethical way consists of distinguishing between right and wrong and choosing what is right. Business law is all rules and regulations that all businesses shouldRead MoreThe Pros and Cons of Abolishing Minimum Wage954 Words   |  4 PagesAbolishing Minimum Wage Increase, decrease or abolish minimum wage; which is best for our citizens and our economy? Minimum wage was implemented to help unskilled workers to make a living wage but as time goes on the value of minimum wage has plummet. In my research paper I will provide knowledge about minimum wage such as the history, purpose, benefits and the results. I will also present the pros and cons of abolishing the minimum wage and the increase/decrease of minimum. The minimum wage was

The Effects Of Low Income Fathers On Children Essay

Parents are generally in a child’s life from birth, though this is not always the case for every child. Growing up I had the blessing of having both of my parents in my life from birth to present. Being a child of eight children, I came from a low income family. Even though both my parents were there for me as a child I hardly seen my father due to him working long hours to support us. Growing up with such a large family I had experienced other major factors in my life such as, a loss of a brother, a major sports injury and even verbal abuse after leaving the house hold. Those these factors have already happen the psychological toll they took on my development in life was significant. Children all across the world have experienced major factors in their life and studies have been performed to see the pattern that has been taking place. Studies have been conducted to show that low-income fathers have an effect on a child’s development in young children at 2 years to pre-kindergarten (Cabrera). Father and child interactions are embedded in a larger ecology that includes mother-father relationships and the family human and financial resources. Father engagements affect their children’s cognitive, language and social, and emotional outcomes over and above the mothers. For father that have a lower income and are at work more often than spending time with their children have a less of a positive impact than they could. For social and emotional development, a father’sShow MoreRelatedFamily Structure Changes And Child Behavior Problems Essay1444 Words   |  6 PagesThere is a common misconception is that children who grow up in low income families end up being more susceptible to experience behavioral problems as they get older, in contrast to that of high income families which generally speaking, people believe children are better off. The report Associations between Family Structure Change and Child Behavior Problems: The Moderating Effect of Family Income challenges the false impression associated with low income families. The analysis was conducted by threeRead MoreEssay on The Impact of Absent Fathers1614 Words   |  7 PagesAbsent Fathers Rough Draft For various reasons, many children in the United States are living without their fathers in their homes or absent from their lives entirely. This is an issue all across the world and the children are having to deal with the disadvantages caused by the lack of support from their fathers. This issue has a significant effect on society and can be viewed and interpreted from the three sociological perspectives. As a result of many studies, it was found that children raisedRead MoreNegative Effects Of Single Parenting1033 Words   |  5 Pagesvary in every family, each year the number of children raised by a single parent increases. A countless number of people fail to realize the importance of children being raised by two parents, majority feels it is insignificant and has no direct effect on the children. This logic that todays society has adopted in thinking a mom can play both a mother and a father, vice versa is certainly incorrect. Single parenting can have positive effects on chil dren depending on other factors such as personalityRead MoreThe Social Ills Of Caribbean Society1349 Words   |  6 Pagesthat individuals first learn the value of work and the worth of their possessions. The family is where society’s new recruits first learn the basic values and norms of the culture of the society they will grow up in. it is in the family that children that children first learn the difference between what is seen as right or wrong, good and bad behaviour, and the norms governing gender roles. The family provides an appropriate space for nurturing, growth and education. Families provide an invaluable serviceRead MoreKids : A Single Parent Home866 Words   |  4 Pagesparent household. Children in a single parent home don’t have as many option as the children do in a two parent household. The reason I say that is because they are less fortunate and their options on things are low because their isn’t a stable income. Choosing this topic was a go od pick for me because I can relate more on the situation and the struggle of being raised with just my mom doing everything. Single parents work twice as hard to make sure everything is paid before their children can receiveRead MoreThe Single Parent Family Structural Environment And Economic Conditions Can Hinder The Development And Growth Of A Child936 Words   |  4 Pagesday and age many children live in homes where there is only one parent, commonly known as single-parent family. According to 2011 Canada Census Bureau information, the number of children living in single-parent households have gone up since 2001 and almost more than three quarters of these children aged 14 and under are living with single parent family headed by woman (Statistics Canada, 2011). Many times there is the absence of the father in these single-parent homes. Children living in such singleRead MoreSocial Policy : Child Support1735 Words   |  7 Pagesof this paper is to provide an insight into a cu rrent legislation and conduct background research, and inform the legislator of my own views on this issue. This paper will also provide the effect of the Family and Consumer Sciences mission, through social policy and legislative channels, in regards to children and families tied to concerns surrounding them and their communities. Through this paper, I will be conducting research on California Family Code Section 3900: Duty of Parent to Support ChildRead MoreThe Importance Of Military Readiness And Frequent Deployments From A Federally Funded Program For Women, Infants, And Children Essay1309 Words   |  6 Pagesliving at or even below the poverty level. (Shewmaker, Shewmaker 2014). I was part of that military family many years ago and, while I was pregnant with my fourth child, was told to apply for WIC, a federally funded program for Women, Infants, and Children. At each doctor visit, I was asked if I had submitted my application and my reply was always, â€Å"I will.† Finally, towards the end of my pregnancy, I was asked why I had not finished the proper paperwork; I blurted out, â€Å"But isn’t that for poor peopleRead MoreRobert Putnam s Our Kids : The American Dream Crisis1356 Words   |  6 Pagesmore money in their pockets and increase after-tax wages. Trump’s tax plan will exempt single adults whose income is equivalent $25,000 a year, or married adults who jointly earn less than $50,000 a year from paying income taxes. This plan does show favor to the individuals who reside in this tax bracket, but Trump never actually states he wants to enact this plan in order to lessen income inequality between the classes. The Republican party stands by lower taxes and fewer regulations in order toRead MoreFamily Income and Child Outcomes Essay984 Words   |  4 PagesFamily Income and Child Outcomes With child poverty being investigated by many researchers, the debate between family income inequality and child development has occurred throughout the world. Some people believe that child achievement would not be affected by family income because low-income children could be more motivated to change socioeconomic status. However, several studies suggest that there is an association between family income and child outcomes: as the family income decreases

The Marketing Plan For Bean Company - 1104 Words

L.L. Bean is a clothing store that sells a product called Duck Boots. L.L. Bean started selling boots in their store locations in the year 1911. The current pattern design of their boots is the design that they started in the year 1947. The L.L. Bean company ran into a dilemma from 2011-2014. They had too many people all of a sudden wanting these duck boots causing a waiting list of 100,000 people. The Duck Boots are waterproof and not exactly an appealing look. They have sold anywhere from $100 to $210 depending on the model and year. L.L Bean has been successful in hitting the market for selling lumberjack style products. They have done this by delivering quality product and affordable product. The grandiose benefit that is going to keep consumers coming back, is the lifetime warranty deal they have with the product. Can they continue the popularity of this trend? can they continue to keep their consumers and be able to keep them satisfied? L.L. Bean has plenty going in their favor for this to happen. The company having the lifetime warranty is pretty much making every consumer they have a recurring one. Plus, their convenient policies will ultimately assist in spreading the word to other people who will desire the product. They do not do much design change in the product which I believe is very important, you don’t want to change your look if what you have is working and currently has nothing wrong with it. The consumer decision making process is where their situationShow MoreRelatedMarketing Plan For Coffee Beans1456 Words   |  6 Pagesa food company in Northern Territory Australia that have traveled through the paved markets, abundant coppices and villages of Mediterranean to bring quality food products for customers(Our Story, 2017). The story of the company is linked with trusted customers and producers who considers quality as their utmost choice. The company is currently serving Mediterranean food and now the company is going to launch new pr oducts for its customers i.e. coffee beans. The aim of this marketing plan is toRead MoreBe Own Products And Services1416 Words   |  6 Pages L.L. Bean: Own Products and Services L.L. Bean is a brand with strong roots in Maine, and their products and services embody their love and appreciation of the great outdoors. Employees of the company are likely to be active and enjoy an outdoor lifestyle, which puts L.L. Bean in a great position to use its own products and services to enhance the total compensation for its employees. Bean maintained a philosophy that if the employees were passionate about the company and the outdoors, then theRead MoreEssay about Marketing Plan the Coffee Bean and Tea Leaf1452 Words   |  6 PagesCoffee Bean amp; Tea Leaf Marketing Plan Coffee Bean amp; Tea Leaf Marketing Plan Coffee Bean amp; Tea Leaf Overview The Coffee Bean and Tea Leaf [CBTL] was founded by Herb amp; Mona Hyman in 1963 in Brentwood, California. CBTL is the oldest and largest privately held specialty coffee and tea retailer in the United States and celebrates its 50th anniversary this year. According to Hoovers, online, the company operates approximately 900 franchised stores worldwide with sales ofRead MoreMarketing Plan: Phase 11621 Words   |  7 PagesMarketing Plan: Phase l This marketing plan will give an overview of the existing organization and describe a new product or service. An explanation of the importance of marketing for the selected organization’s success will be addressed. A SWOTT analysis on the new product or service will be written. In addition, the marketing research approach used to develop the marketing strategy and tactics for this new product or service will be stated (University of Phoenix, 2011). Existing organizationRead MoreLl Bean1064 Words   |  5 PagesCase 1: L. L. Bean, Inc. 1. How successful has L.L. Bean been? L.L. Bean Inc. has been tremendously successful throughout the course of its business operations. The business was first created in 1912 by L.L. Bean with only $400, the business has managed to expand to $120 in sales by the year 1980. As well, within the market for outdoors equipment and apparel, L.L. Bean is the leading company that has the highest amount of sales. 2. What are the reasons for L.L. Bean’s success? L.LRead MoreTaking a Look at Coffee Bean and Tea Leaf1560 Words   |  6 PagesBackground on Coffee Bean and Tea Leaf Coffee Bean and Tea Leaf is an American Chain Coffee house that sells coffee, tea, desserts and pastries. Coffee Bean and Tea Leaf is operated by the International Coffee Tea, LLC and they have over 990 outlets in 27 different countries. The first outlet was started in the year 1963 by Herbert B. Hyman. Because of his efforts and dedication to excellence, he was known as the father of gourmet coffee in California. After 40 years, Coffee Bean and Tea Leaf becameRead MoreMystic Monks Coffee Memo1632 Words   |  7 PagesThe monks are planning to earn money for this 500- acre ranch through fund raising, donations and through sales that are generated by their Mystic Monks Coffee Company. Mystic Monks Coffee sells premium roasted coffee beans to the general Catholic denomination through a website that is operated by the Carmelite Monks. This web based company generates a low net profit of $6,160 each month and is in need of a stronger strategy to raise profits and ensure the purchase o f the $8.9 million ranch in anRead MoreSuccessful Entrepreneurship: The Case of L.L. Bean 1532 Words   |  7 Pagessuccessful entrepreneurship, L.L. Bean would definitely be one of the top examples that it was one of the largest mail-order companies in the area of outdoor equipment in history. From the start in 1912 with a borrowed $400 and only one product offered in the United States, the business had grown to sell more than†¦ 1. How successful has L.L. Bean been? It sold more than 1000 outdoor equipment, such as hunter boots and camping tools, targeted to both men and women. The company had a growth rate of overRead MoreCOMPETITOR OF STARBUCKS1148 Words   |  5 Pagesinternational company that become the competitor for the Starbucks. There are: Coffee Bean Tea Leaf The endurance and popularity of The Bean, as it is affectionately referred to by devotees, can be attributed to the high standards that were established from the beginning. From trend-setting drinks like the World Famous Ice Blended, to the employees who become a part of the communities they work in, The Coffee Bean Tea Leaf  ® has discovered the formula for a successful coffee and tea company. San FranciscoRead MoreDeveloping A Sustainable Business Model That Is Profitable For Both Them, And The Solidaridad Farmers1265 Words   |  6 Pagesboth them, and the Solidaridad farmers. Nico and Frans’ have several options; they can choose to purchase a hallmark and sell raw beans to wholesalers, they could create their own brand and sell roasted and unroasted coffee to retailers, or they could provide raw beans to a partner coffee brand. Nico and Frans can purchase a hallmark and sell unroasted coffee beans to wholesalers. Purchasing a hallmark would help Nico and Frans differentiate their product, increase the perceived quality of the

Networks Essay Example For Students

Networks Essay 1.An openwork fabric or structure in which cords, threads, or wires cross at regular intervals. 2.Something resembling an openwork fabric or structure in form or concept, especially: a.A system of lines or channels that cross or interconnect: a network of railroads. b.A complex, interconnected group or system: an espionage network. c.An extended group of people with similar interests or concerns who interact and remain in informal contact for mutual assistance or support. 3. a.A chain of radio or television broadcasting stations linked by wire or microwave relay. b.A company that produces the programs for these stations. 4. a.A group or system of electric components and connecting circuitry designed to function in a specific manner. b.Computer Science. A system of computers interconnected by telephone wires or other means in order to share information. Also called net1. v. networked, networking, networks v. tr. 1.To cover with or as if with an openwork fabric or structure. 2.To broadcast over a radio or television network. 3.Computer Science. To connect (computers) into a network. v. intr. To interact or engage in informal communication with others for mutual assistance or support. sorry, but i forgot the website i got this from. 1.An openwork fabric or structure in which cords, threads, or wires cross at regular intervals. 2.Something resembling an openwork fabric or structure in form or concept, especially: a.A system of lines or channels that cross or interconnect: a network of railroads. b.A complex, interconnected group or system: an espionage network. c.An extended group of people with similar interests or concerns who interact and remain in informal contact for mutual assistance or support. 3. a.A chain of radio or television broadcasting stations linked by wire or microwave relay. b.A company that produces the programs for these stations. 4. a.A group or system of electric components and connecting circuitry designed to function in a specific manner. b.Computer Science. A system of computers interconnected by telephone wires or other means in order to share information. Also called net1. v. networked, networking, networks v. tr. 1.To cover with or as if with an openwork fabric or structure. 2.To broadcast over a radio or television network. 3.Computer Science. To connect (computers) into a network. v. intr. To interact or engage in informal communication with others for mutual assistance or support. Words/ Pages : 374 / 24