Apple Inc. Non-Price Competition. Companies utilize various but complementary strategies to increase profits and generate revenue. Pricing marketing strategies involve using the product’s price to draw in new customers while at the same time, maximizing returns from the existing clients. On the other hand, non-price marketing strategies involve the utilization of branding, among others methodologies to appeal to customers without changing the price. Although pricing strategies are universal, Apple has shown to utilize non-price strategy to promote their products even during downturns. Apple Inc. is a top competitor in the smartphone industry and considered to be in an oligopoly and monopolistic competition market. The double categorization is due to the several competitors in the industry and also Apple’s position in this market. It is highly costly for a new firm to enter the market and compete with Apple Inc. Additionally, the firm’s relatively broad consumer base prevents other firms from entering the market. However, the general consumer base is not derived from relatively lower prices as one would expect. Instead, it is from Apple’s non-price competition strategies that maintain its…
San Diego Bankruptcy Attorney – (Bankruptcy) Mechanic’s Liens and Bankruptcy When you are a supplier of construction materials, a contractor, or a subcontractor, you take a risk working with a developer, especially when they fail to pay you. Mechanics lien in California is an essential tool for those in the construction industry to protect themselves against unpaid construction debts. The purpose of having a mechanic’s lien is to enable the forceful selling of the particular property to get paid. However, to obtain a mechanics lien against a specific property, it is a legal process that requires filing a petition in a bankruptcy court. If you notice a developer is having challenges paying your debt for the construction, you must move with speed to protect your liability. Find a bankruptcy lawyer that will help you file a mechanic’s liens to avoid losing your money. At San Diego Bankruptcy Attorney, we have helped many clients avoid losing money by filing a mechanic’s lien on their behalf. Overview of Mechanic’s Lien Construction materials cost a lot of money just as the money contractors…
Slavery and How It Impacted Economic Growth Introduction Slavery was a legally accepted system in the U.S. that impacted the core aspects of economic growth. Africans were captured and transported to America and used as a source of cheap labor in Cotton, Tea, and other crops plantations. From the 16th century throughout the 19th century, the American economy depended on slavery for is survival. The Europeans had discovered large tracks of land in America and without adequate labor, this land could not be utilized to the maximum. The Europeans therefore resorted into cheap African slave labor with an aim of fully exploiting the abundant land in America. Slavery systems of labor were favored by most European intellectuals, however, neither the American natives nor the European sources of labor proved to be capable to provide adequate labor. The trans-Saharan slave trade had supplied labor to work in the Mediterranean sugar plantations alongside Russian and Balkans white slaves. The same trans-Saharan trade provided about 10000 slaves per year to work in Iberian Peninsula, North Africa and Middle East. The slaves had proved…
Beauty and Health Benefits of Dark Chocolate Is dark chocolate good for you? Yes, dark chocolate that contains about 70 percent cocoa will do wonders for your health, leaving you glowing inside and out. Millions of women and men worldwide have already discovered a better way to live – by snacking on grams and grams of dark chocolate weakly. The cocoa in dark chocolate packs a ton of phytochemicals, vitamins, and minerals, which makes it a goddamn superfood for improved health, beauty, brain functioning, weight loss, sex life, and love. Here’s the breakdown of dark chocolates nutritional information According to the U.S Department of agriculture, dark chocolate is loaded with about 70% cocoa solids. A 101-gram bar of dark chocolate provides: 87 grams of proteins 604 calories 36 grams of carbohydrates 06 grams of fats 00g rich in dietary fibers 23 grams of sugar 02 milligrams of iron 00 milligrams of magnesium 34 milligrams of zinc The benefits of easting dark chocolate regularly include: Improves one’s skin Rich in phytochemicals, Vitamins (A, C, D, E, and B1) plus calcium, iron,…
THE ADVENT OF STEAM POWER AS REVOLUTIONARY Introduction The advent of steam power 600 years after scientists in ancient Greece discovered the power of untapped steam proved to be the beginning of the revolution. Steam power proved to be the driving force in the industrial revolution, thus overcoming challenges posed by the insufficient labor force. During the industrial revolution, steam power played a key role in developments in mining, manufacturing, and agriculture, thus characterized as revolutionary. The invention of steam power necessitated growth and development in most of the developing countries and revolutionized the workforce. The revolution started in 1698 when Thomas Savery developed the first operated steam-machine to be used in mining. Consequently, the invention revolutionized the way in which water would be drawn from flooded mines through the use of steam technology. Therefore, the advent of steam power proved to be revolutionary relative to technological developments in agriculture, mining, and transport. Powering the industrial revolution The advent of steam power can be depicted as totally revolutionary because vapor energy improved operations during the industrial revolution. Before the advent…
Direct price discrimination Hello Direct price discrimination refers to a process where an organization tries to set different prices on their goods/services for two groups (Rowe, 2019). An organization usually does this practice to increase its profits since when different prices are charged on the same goods, then the organization maximizes its sales and margin. To do this effectively, the organization needs to identify the two groups and know about their buying power. The elasticity between the two groups increases, the higher the chances the organization has to design a more profitable price discrimination model. Secondly is that indirect price discrimination involves the use of different strategies to identify the two groups before going ahead to do price discrimination. Additionally, the organization needs to ensure that they have reliable methods of preventing arbitrage or resale of products sold at lower prices while doing price discrimination since this can negatively affect their profitability. Strategic games involve an organization using different strategies to beat the competition and become successful. Through these games, the organizations in the industry know how to respond to…
Rocket Scientists’ Guide to Money and the Economy Rocket Scientists’ Guide to Money and the Economy is considered an influential book written by Mike Soteric. Understanding the context of the book makes one to understand why rich people continue to be rich, and the poor to be poorer. According to Mike, higher proportion of the global wealth is held by a small percentage, increasing the gap between the poor and the rich. He focuses on multiple issues including economy, debt, family issues, politics, food banks, debt jubilee, poverty and nutrition, among others. In his book on money and economy, he considers debt as significant element that subject humans to poverty and poor standard of living. Most families use borrowed money which is attributed to high interest changes, and upon paying, they are left with nothing but more debt. Mike suggests that the best approach to eliminate the existing debt crisis around the globe is establishing a debt jubilee whereby all debts will be repudiated and dismissed. This research will focus on the Canadian debt crisis, highlighting its nature, current trends…
Price Discrimination, Competition and Regulation The business environment is becoming unpredictable due to the excessive use of emerging technologies (Armstrong & Vickers, 2018). Additionally, the competition among business organizations is growing each day, and this forcing business organizations to become highly creative and innovative to find ways of surviving in the market and to remain competitive in the long run. Different strategies have been deployed by various organizations to deal with the competition. Among them is by using competitive strategies like differentiation and pricing. Through direct and indirect price discrimination, organizations have found reliable ways of differentiating high and low-value consumers. Through this, the organizations have been able to set optimal prices for the same products. However, it should be noted that the two are different in that indirect price discrimination, the organization can quickly identify the two groups. On the other hand, in indirect price discrimination, the organization does not know the two groups hence uses different methods to identify them. The most commonly used methods include metering to identify high-value consumers, volume purchase analysis, and lastly is the…
How do I make money with WordPress? If you’re new to online marketing, you may be asking yourself, “How do I make money with WordPress?” Don’t worry; I’ve got the answer for you! I’m going to show you how to make money with WordPress in just 48 hours! One of the reasons that I love WordPress is because it allows me to customize every aspect of my blog and what I sell on my website. It’s not hard to add a photo gallery, blog articles, videos, and affiliate links to my site if I know where to look. Before you even think about starting to make money with WordPress, let me say that this is the best decision that you can make. I would recommend that you have at least a basic understanding of HTML to get started with your marketing plan. After you find a niche market that you want to start with, then begin to research ways to make money from your website. You can either use any one of the free services offered by Google, or you…
India Infoline Finance Limited (IIFL) REVIEW IIFL or India Infoline Finance Limited is a full-service stockbroker formerly known as IIFL Holdings Limited and the headquarters located in the city Mumbai, India. India Infoline Limited is one of the premier financial providers of India. India Infoline has started its services in the year 1995, and Mr Nirmal Jain and Mr R. Venkatraman are the founders of IIFL. Moreover, it is one of the largest and oldest financial firms with multiple verticals, and the stock broker is one of its financial services. IIFL managed to spread its trading network in more than 4000+ locations if more than 900+ cities in India. Also, the full-service broker holds its services in multiple foreign towns like Hong Kong, Dubai, New York, Singapore, Geneva, Mauritius and London. The key offering of the broker is the research services, Equity and commodity trading. IIFL is a listed broker on BSE (532636) and NSE (INDIA-INFO) for Security Trading. From recent reports it was found that the average daily turnover of the broker is around Rs. 4355 Crores in Equity…