Factors that Affect Transportation Costs Introduction Businesses have a primary objective of making a profit after delivering services and goods to their customers, and transportation is critical to determining the profits freight firms make. It may not be possible to precisely state the cost of transporting cargo from one port to another because of the many unknowns. However, the freight costs are not a complete mystery; they depend on a wide range of economic conditions. Transportation needs packing materials, drivers, warehouses or storage facilities, vehicles, and movers. According to Redding and Turner (2015), the distance of travel, amount of cargo, the speed of delivery, associated insurance costs, and the weight of materials are some of the factors which directly influence the costs incurred in transportation. Fuel Costs There is a direct relationship between the cost of transportation and the cost of fuel. When the prices for fuel go down, the incurred expenses in moving container ships and trucks for cargo also reduce. The effect of price fluctuation for fuel continually affects logistics industries. Since the operating costs are low, the…
Economic model Human sciences are the study about human beings either individually or correctively. The study is done objectively and scientifically, mainly focusing on the social, biological, and cultural aspects of the human being. There is a range of topics regarding human sciences, including social and cultural anthropology, psychology, geography, and economics. Much has been discovered over time, but human beings are yet to be fully understood. The method used in this study is somewhat sophisticated, yet we could question the extent to which the study of human beings can go. There could be a bias both on the researcher and the object of the research. Researchers are likely to be faced with linguistic barriers and cultural biasness mak9ng it hard to access information from communities. The sociologist could face an ethical dilemma while conducting research. A psychologist may face observational biasness, and the research object may change their behavior because they are being observed. Moreover, economists may use a complicated formula to analyze the data collected; however, what is the extent to which a particular model can be used…
FUNDAMENTALS OF ENTREPRENEURSHIP Introduction Entrepreneurship has, for long been attributed to the private sector based on their initiatives directed towards raising capital to grow their business. However, authoritative series on entrepreneurship shows that the government has a key role since it impacts on how new businesses are created and managed. As such, the government predicts the nature in which the firms grow by developing a favourable environment for the businesses to thrive. There are different types of entrepreneurs in the modern-day marketplace relative to their unique capability and prowess while doing business. Entrepreneurs possess unique characteristics which makes them unique in the market, thus developing a higher position than their counterparts. For instance, world-changer entrepreneurs strive to make the world a better place since they comprehend concepts such as harmony and empathy. However, numerous questions have been raised on whether the government should intervene in differentiating the different types of entrepreneurs. Argument in favour The government should intervene to differentiate between the different types of entrepreneurs to maximize social welfare. As such, the government’s intervention should be put in place…
Leadership and Organizational Psychology. Leaders lead their organization on terms that they think best suit the development plans of an organization. That’s the reason they choose on which leadership style to use that is to be effective on not just sustain the organization but also growing it. Various leadership styles used include Transformational leadership, which is used by leaders to transform teams and the entire organization for consistent progress (Sethuraman, & Suresh, 2014, p 12). Transactional leadership is based on the idea that once an employee accepts a task, they have to complete it as it is a transaction between the leader and the employee. This is common when the task at hand is difficult; therefore ensures that the one given the work to do is aware of what is expected of him/ her. Autocratic leadership is when the leader makes all decisions in the organization without consulting the workers. It is very effective if the decisions are to be made instantly. Bureaucratic leadership is based on rules, where the leader comes up with rules for him/ her and the…
The Importance Of Having A Second Source Of Income Having a second source of income is becoming more common over time in The United States, which increases the demand for having a second source of income. As the unemployment rate rises and technology takes over jobs. Some people find it too important to become entrepreneurs to be able to be in control over their income. Despite many obstacles of having your own business which can be very difficult it is still worth the effort. However, with the stock market meltdown and thousands of America’s 401k accounts that have lost significant value, has hit the Americas economy drastically. Now more than ever the need for having a second source of income is important with millions of jobs than have been lost due to the coronavirus. How are people going to pay bills? There are several different types of entrepreneurship whether it’s having your own business being a barber, rapper, investor, or even hairstylist they have goals that they’re trying to meet but they have their own individual reasons…
Reflective Self Analysis Self-reflection can be termed as a process in which a person tries to examine, evaluate and learn more about what he/she has written. Use of discoveries helps in identifying the strengths and weaknesses encountered during the writing. I plan on using this essay in enhancing my skills in writing to become a better student. Self-assessment is my priority to my successful student in essay writing. I have discovered some interesting things in my writing and also other things that are less interesting in both grammar, use of rhetorical devices and the style of writing. In this essay, I have discovered my strengths on the writings about obesity, education impact on finance improvement and digital literacy. I believe one of my strengths is that I was able to profoundly elaborate and give a clear picture about my topics of discussion. For example, in demonstrating the level of obesity and its effects in the United States of America. I explained thoroughly the statistics of the people affected by obesity and shown an estimate of the number of resources required…
Environmental Sustainability in New York City Introduction A city is a place where people come together to live, work and play together. It is in these cities where the incubation of innovative ideas, entrepreneurship, and social dynamism among other important engines for social and economic growth takes place, all of which are necessary for national consciousness. A combination of all the people congregating to reside in the cities become the thinkers and doers that champion the implementation of all that is necessary for economic growth. Despite the cities being a hub for economic growth and national consciousness, there are some prominent issues that emerge from the fact that people rampantly move to settle in the cities in search of greener pastures. Such challenging fractures include inter alia; energy and environmental sustainability, urban housing, health, education, gun violence, racial equity, technology and data, inclusiveness, diversity and demographics, infrastructure, public safety, budgets and economic development. Environmental Sustainability in New York City Environmental sustainability basically refers to making use of the natural resources in the environment in a…
Key factors to success in the digital segment of industry Abstract This report investigates the key factors for success of digital segment of industry. A detailed history of Eastman Kodak Company is initially outlined. The report focusses on the trends that Kodak has undergone in terms of development. On top of that, the traditional ways of operation of Kodak Company are discussed. Technological advancement on the products made by the company are outlined. Still on the content, examples of the current products that Eastman Kodak Company have been able to devise up to date are discussed. Generally, the paper focuses on the critical reasons that have enabled the company to maintain the top position in the photography industry. Introduction Eastman Kodak Company is a firm in the photography industry that has been in existence since 1880s, with a slogan which goes, ‘you press the button, we do the rest ‘Kodak Company has developed a number of processes and innovative products. A good example is creation of digital photography referred to as Dobbin 2005.This product has heated its competitors to the…
Max Weber biography Max Weber whose really names is Karl Emil Maximilian was a German sociologist, philosopher and even a political economist. He was born in the year 1864 April, 21 in Prussia. Max had knowledge on certain fields of study including the following; economics, sociology, history, law, politics and philosophy[1]. He acquired all these from the various universities in which he studied including the following the universities of Berlin, Freiburg, Heidelberg, Vienna and Munich. He had several ideas of which the ideas influenced both social research and social theories related matter. He is also among the three founders of sociology. This is so because he took a very important place in the arguing of the study of social action through means based on the individual understanding of ideas. Among his main aims was to understand the processes of rationalisationing and secularization which he associated with the rise of capitalism. He took this as a new way of thinking among the people and the community in general. He argued that this rise of capitalism was mainly influenced with the…
Teachings on Financial Literacy Low financial literacy among the general public is a familiar spectacle where money related worries result in absenteeism, poor performance, and stress in most organizations (Allgood & Walstad, 2016). Research states that a healthy, engaged, and happy workforce is essential in business growth and productivity. In modern organizations, it has become the responsibility of employers more than ever to shift their focus to the improvement of financial education for people in their employ. This intervention gets aimed at aiding staff gain confidence to develop their financial wellbeing. They get the courage to tackle alterations in personal situations and the whole economic environment without reducing productivity and focus at work. The teachings and financial stability in organizations also helps in the long-term retention of employees. The improvement of employee wellbeing and financial literacy lies not only in teaching staff on saving more or better budget handling but incorporates other factors. The process is a complicated endeavor that requires multi-faceted action in the event of its success; enduring results are to get attained. There are numerous steps or…