economic inequality and poverty Introduction Achieving economic prosperity is the aspiration of every state and nation.In order to achieve economic excellence in a country, it is necessary to assess the distribution of various aspects of the economy among different groups in society.The existing inequality of distribution is called economic inequality. The distinction between economic inequality and poverty is crucial.Economic inequality is the unequal distribution between the rich and the poor.Poverty, on the other hand, is a measure of economic excellence in all areas of the population below average. Types of inequalities Inequality in income distribution is the existence of an uneven distribution between various groups in terms of the income they generate. The income which is the basis of the type of economic inequality involves any earnings derived from employment as well as the money from investments. It is characterized by a presence of individuals with high income levels being few as compared to low income earners that form the majority of the population. Pay distribution inequality involves the existence of a gap in terms of different payments structures for…

Giftmatt Holdings Limited Supply Chain System 1.  Introduction In the present-day business world, the focused edge of an organization over its rivals depends dynamically on its capacity to adapt to various difficulties to get control over cost, upgrade item quality and offer predominant customer benefit. A compelling purpose behind this is credited to the way that opposition is currently being pursued between or crosswise over supply ties and not kept to just between organizations anymore. Presently, supply chain administration at Giftmatt supermarkets rehearses regarding the union of data streams, items and administration streams, coordination and instalment streams are changing the ways that organizations deliver merchandise, showcase them and give administrations and subsequently make expanding an incentive for clients. Supply chain Management system is the primary foundation for Giftmatt to develop a viable competitive edge for goods and services in the market place. Consistent among most definitions of supply chain management is the concept of regulating or integrating of several products and service appropriate activities, mutually shared information, jointly shared risks and rewards, cooperation, building and maintaining of long-term relationships. 2.…

Closed-Loop Supply System Annotated Bibliography Geyer, R., & Jackson, T. (2004). Supply Loops and Their Constraints: The Industrial Ecology of Recycling and Reuse. California Management Review This study by Geyer and Jackson focused on introducing a framework that would aid managers in identifying and assessing supply loop methods. The study determines that there was an increasing number of firms in North America, Europe, and Asia that were taking part at the end of life management of a product. The study also highlights the significance of constraints in the supply chain. Kumar, N. R., & Kumar, R. S. (2013). Closed-loop supply chain management and reverse logistics-A literature review. International Journal of Engineering Research and Technology, 6(4), 455-468. This research paper by Kumar and Jackson was conducted to examine how Dell company utilized the closed-loop supply chain in its day to day activities. Techniques established in the company include modularity, postponement, vendor managed inventory, demand management, and supply chain management. The study suggests that there is a need to focus on efficiencies in the supply chain as a means of establishing customer…

Demand Analysis The term ‘demand curve’ is used to describe the quantity of an item that will be in demand due to the customers’ will to buy and the ability to buy the item over a specific time period priced at a specific rate (Hildenbrand, 1983). In general, the depiction can be described as the relation (inverse) that exists between the demand and the price. Figure: Demand Curve (Source: Learner) As stated in the above figure, the product demand falls as its price increases, and its demand significantly increases as the price falls. The demand Q1 at price P1 (high) is lower than demand Q2 at price P2 (low). Factors affecting demand Relative goods price Coca Cola demand is affected by the shifts in the prices of similar items. Figure: Classification of relative goods (Source: Learner) There are various items that can be regarded as the substitute of Coca Cola, some of the common ones in the market, including Pepsi, Limca, Red Bull, and many more. Now, in case the Coca Cola price increases by 20 cents while the other…

Examining the Relationship Between Inflation and Increase in Money. Milton Friedman opined that inflation is always a monetary problem. It arises from a rapid expansion of the quantities of money more than the overall output. (Totonchi, 2011). This formed the simple quantity theory of money. The theory asserts that the general circulation of money impacts general prices. The subject of inflation has given rise to heated debates in the economic forums. Many scholars have raised ranges of conventional views. The discussions differ in hypotheses raised by different scholars. In a sense, inflation in developing countries is different from the one in developed countries. In developed countries, inflation is caused by the growth of the money supply. In contrast, inflation in developing countries is widely attributed to monetary phenomenal and fiscal imbalances. The issues addressed in this paper asserts why inflation increases with the rapid growth of the money supply. Inflation is caused by increasing the money supply beyond the overall output growth. This leads to a situation where there is more money chasing a similar quantity of goods. As a…

Forecasting and Inventory Management Forecasting plays a vital role in determining the level of production and the number of items needed to meet market demands. In the most efficient and established supply chain organizations, forecasting acts as a yardstick for determining the items sold based on the existing demands of such said products. In inventory management, forecasting helps in the optimization of the levels of the inventory (Kurawarwala & Matsuo, 1996). Through the forecasts, vital information is provided that enables the people tasked with the management of the resources in the organization to make deliberate choices based on the current market demands and forecasts. Forecasting also allows the logistics and distribution managers to balance inventories across the existing networks and subsequently negotiate favorable terms that suit the company (Kurawarwala & Matsuo, 1996). On the same note, forecasting is essential in reducing inventory stock-outs based on exercising informed purchases based on the current demands as the organization would be empowered to make purchases that correspond to the existing demand (Kurawarwala & Matsuo, 1996). Subsequently, it positively enhances customer satisfaction. Thus, through…

JW Anderson Brand Marketing Plan Executive Summary This is a marketing plan for the proposed entry by the JW Anderson fast fashion brand into the Chinese market. The section of the Chinese market is based on two dimensions (1) its economic growth potential in the fashion industry, and (2) its geopolitical status and positioning in the Asian market and region. Overall, the brand is pushed by the exiting factors int eh UK market to seek an international market destination. These factors include a saturated fashion industry, and declining growth and expansion rates, among others. Ideally, the analysis denotes that the venture has an available and viable opportunity in venturing into the Chinese market. In evaluating the market feasibility and the ideal strategy for adoption, it develops an internal and external analysis, respectively. Internally, the review is established through the brand SWOT analysis. Externally, the scan is created through a PEST analysis of the targeted Chinse market. Based on the obtained findings, the report sets out the core objectives. They are (1) establishing a market presence, (2) establishing retail store partnerships,…

                        Best and worst innovations Name Institution affiliated                 Best and worst innovations One of the products that have the most potentials is the second-generation zipline, delivery drones. E-commerce has picked up very fast in the past few years, and delivery drones are going to replace track drivers. Currently, brick-and-mortar stores are on the verge of vanishing, and I think delivery drones will make people’s lives even more comfortable. I also believe Thor ET-One, an electric semi-truck, is on the list of some of the most promising products. Some cities already have electric cars on their roads, and the next few years will most certainly witness a buzz towards electric vehicles. With climate change looming in, the world will turn to electric cars for answers. Wind power for homes, the Semtive Nemoi Wind Turbine system, is also among products with the most potential. Some homes are already using solar power for basic electricity needs, and I think wind power will come in…

Abraaj Capital and Sustainability   Recently several institutions have ensured full competition towards each other in the different marketing environments. Sustainability is one of the major reasons which these organizations ensure competition. The suitable organizations are highly desirable, according to (Epstein, Rejc, Elkington, & Leonard, 2014).   Sustainability is the process of reducing risk in an organization and hence enhancing the possibility of a given to thrive survive and survive in the coming future this entails the risk mitigation in its environment. Suitability entails several ethical factors which have to be closely ensured, and these are the new behaviour which examines the concerns around our moral commitments in the future generations in any given business environment (Gupta & Singhal, 2017). In places like the middle east, suitability is starting to take its roots. Several organizational regions of the middle east tend to be very suitable and ensures sustainability ethics. The UAE (United Arab Emirates) is one of the countries which has greatly ensured sustainability. Abraaj (which is considered the largest equity farm in the middle east) is an example of…

Section III: Product breakdown and item sourcing Product bill of materials The Amazon Echo Spot is among the latest products that the company has put in the market with the hope of gaining more patronage. The company sources its raw materials from underground or other plants that are located all over the world. Even though Amazon is the maker of these products, various companies come together to make it available in the market. Its manufacture utilizes wood and some of the rarest forms of metals in the world today, for instance like Indium and gallium. Many of these materials are applied in the cycle of the product are used in its manufacturing stage. They are used in manufacturing circuit boards and silicon chips. The company sources typically these raw materials from all over the world. The aim is to assemble these materials and manufacture the products at a cheap as compared to using third parties. At the same time, they are an indispensable element of the supply as it boosts the manufacturing function. Section IV: Supply Chain Those who sell…