Pregnancy And Breastfeeding Essay

Lisa and her husband have decided that they are ready to prepare for their first child. Lisa is 26 years old, weighs 125 pounds and is 5’6†. Lisa has been reading everything she can find on pregnancy because she knows that her prepregnancy health is important to the success of her pregnancy. She knows she should avoid alcohol, especially because alcohol is potentially toxic to the growing fetus in the first weeks of pregnancy, and she could become pregnant and not know about it right away. Lisa is not a smoker and does not take any medications. Although, she does drink 4 cups of coffee per day and drinks 3 diet cokes each day. She has already modified her diet to include some extra protein, along with more fruits and vegetables. She has always taken the herbal supplements glucosamine for her joints and ginseng for energy. She recently started taking an over-the-counter vitamin and mineral supplement. Lisa has always kept in good shape by running and yoga, and is admittedly worried about gaining too much weight during the pregnancy. She plans to continue exercising throughout her pregnancy. Answer the following questions. Women during pregnany do not recive the proper nourishment of vitamin and mineral supplemts. It is reccomended that they take a prental multiviamin mineral supplement due to the lack of calories, protein, folic acid, vitamin d, calcium, iron, iodine, and zinc in their diets. Deficiencies of these nutrients can result in deficiencies in infants such as low birth weight and reduced head size. I would recommend that Lisa should reduce her coffee and soda intake as they consist of high caffeine. Heavy caffeine use (in animal studies) showed reproductive problems such as mis carriage and birth defects. It would be safe for her to eat up to 12 ounces of fish such as tuna or salmon. The four types of fish that she should avoid are shark, swordfish, kings makerel, and Tilefish which they all contain high levels of meurcury. Consumtion of these products during pregnancy can lead to developmental delays and brain damage. It is common for pregnant women to experience morning sickness and constipation due to hormonal changes in the 1st trimester. I recommend that Lisa eat small frequent meals, eat dry crackers, and avoid food with odors to prevent nausea and vomitting. If she is undergoing constipation, the hormonal changes slow down the GI tract. She should have a high fiber diet and consume at least 8 glasses of fluids a day anlong with exercise daily.

Coffee Analysis Essay

Indtroduction . The history of coffee goes at least as far back as the thirteenth century with a number of myths surrounding its first use. The original native population of coffee is thought to have come from East Africa, and it was first cultivated by Arabs from the 14th century.[1] The earliest credible evidence of either coffee drinking or knowledge of the coffee tree appears in the middle of the 15th century, in the Sufi monasteries of Yemen.[2] By the 16th century, it had reached the rest of the Middle East, Persia, Turkey and northern Africa. Coffee then spread to Balkans, Italy and to the rest of Europe, to Indonesia and then to the Americas.[3  ow are coffee prices currently set? A: Coffee prices are set according to the New York â€Å"C† Contract market. The price of coffee fluctuates wildly in this speculative economy, generally hovering around fifty cents per pound. Most coffee is traded by speculators in New York, who trade approximately 8-10 times the amount of actual coffee produced each year. The single most influential factor in world coffee prices is the weather in Brazil. Droughts and frosts portend shortages of coffee and the price increases. Specialty coffee is often imported at a negotiated price over the C market, which is considered a ‘quality premium’. Most of those premiums never reach the coffee farmer, but rather stay in the hands of the exporter. This creates a disincentive for farmers to increase their quality, as they do not receive the direct benefits of increased investment in producing better coffee. http://www.globalexchange.org/fairtrade/coffee/faq http://www.makingittv.com/Sample-Coffee-Shop-Business-Plan.htm Cost structure Dynamics ofWorld Coffee Prices The indicator Price system established in 1965 by International Coffee Organization (ICO) to provide a consistent and reliable procedure for reporting prices of different types of coffee. The ICO indicator price system is based on the four spate price groups namely, Colombian mild  arabicas, Other mild arabicas, Brazilian and other natural arabicas and Robustas. ICO composite indicator provides a benchmark for price of green coffee. ICO organization collects ex-dock shipment prices data and calculates arithmetic mean. This represents ICO composite indicator. The current ICO composite price (US cents per pound) as listed for March, 2013 is 131.38 cents per pound with a high of 135.30 and low of 128.52 cents per pound. The dynamics/trend of the monthly ICO composite price over 1998-2012 can be broken down into three phases. (Refer Figure 1 in appendix) Phase 1: The average composite price for coffee decreases from $108.95 in 1998 to $45.59 in 2001. Phase 2 begin with an increasing trend line where in average composite price increases from to 47.74 in 2002 and continues the upward swing, hitting the maximum in 2011 at an average composite price of $210.39. 2 Phase 3 starts the decline in 2012 to an average price of $156.34 from 210.39 in 2011 and continues in 2013 where the current average price for the first three months is $131.38. Price-elasticity of Demand For and Supply of Coffee The price elasticity demand is measure to show the elasticity of the quantity demanded of the good or service to a change in its price. IN case of Coffee, Coffee is produced primarily in south american countries and some developing countries but consumed in developed countries.With disruptive weather the supply of coffee is suppressed and hence the price of coffee will rise hence the Price of coffee can be considered volatile. Factors/events that affected the world supply and demand of coffee in 2011-2012. Weather has been rated as one of the top factors affecting the supply of coffee. The countries where coffee is grown is generally humid, disruptive patterns in the weather has caused coffee plant diseases. Some articles have also listed fungus as one of the elements causing decrease in the coffee supplies. Difficulty in growing Arabica plants was also listed as one of the reason for shrinking coffee production. Whereas some positive factors which caused marginal increase in coffee supplies are adding of new producing countries,  investment in advanced technologies and increased in number of coffee producers within the same region. Increase in demand can be associated with emerging new markets such as China which was primarily tea market has now seen a sudden shift in taste. Increase in expendable income due to higher salaries has caused the demand for finer coffee to grow. Major determinants of world coffee prices in 2011-2012 Weather and climate change affect coffee prices more than other factors. Coffee trees require specific climatic conditions to produce an optimum crop. Hence, the Prices remained in high throughout 2011where the average composite price was around $210. 2.4) Porters Five Forces Analysis of the Retail Coffee and Snacks Industry: Threat of New Entrants: Moderate ïÆ'Ëœ There is a moderate threat of new entrants into the industry as the barriers to entry are not high enough to discourage new competitors to enter the market. (Appendix 2 shows Barriers to Entry Checklist). ïÆ'Ëœ The industry’s saturation is moderately high with a monopolistic competition structure. ïÆ'Ëœ For new entrants, the initial investment is not significant as they can lease stores, equipment etc. at a moderate level of investment. ïÆ'Ëœ At a localized level, small coffee shops can compete with the likes of Starbucks and Dunkin Brands because there are no switching costs for the consumers. Even thought it’s a competitive industry, the possibility of new entrants to be successful in the industry is moderate. ïÆ'Ëœ But this relatively easy entry into the market is usually countered by large incumbent brands identities like Starbucks who have achieved economies of scale by lowering cost, improved efficiency with a huge market share. There is a moderately high barrier for the new entrants as they differentiate themselves from Starbuck’s product quality, its prime real estate locations, and its store ecosystem ‘experience’. ïÆ'Ëœ The incumbent firms like Starbucks have a larger scale and scope, yielding them a learning curve advantage and favorable access to raw material with the relationship they build with their suppliers. ïÆ'Ëœ The expected retaliation from well-established companies for brand equity, resources, prime real estate locations and price competition are moderately high, which creates a moderate barrier to entry. Threat of Substitutes: High ïÆ'Ëœ There are many reasonable substitute beverages to coffee, which are mainly tea, fruit juices, water, soda’s, energy drinks etc. Bars and Pubs with non/alcoholic beverages could also substitute for the social experience of Starbucks ïÆ'Ëœ Consumers could also make their own home produced coffee with household premium coffee makers at a fraction of the cost for buying from premium coffee retailers like Starbucks. ïÆ'Ëœ There are no switching costs for the consumers for switching to substitutes, which makes the threat high. ïÆ'Ëœ But its important to note that industry leaders like Starbucks are currently trying to counter this threat by selling coffee makers, premium coffee packs in grocery stores but this threat still puts pressure their the margins. Bargaining Power of Buyers: Moderate to Low Pressure ïÆ'Ëœ There are many different buyers in this industry and no single buyer can demand price concession. ïÆ'Ëœ It offers vertically differentiated products with a diverse consumer base, which make relatively low volume purchases, which erodes the buyer’s power. ïÆ'Ëœ Even though there are no switching costs with high availability of substitute products, industry leaders like Starbucks prices its product mix in relation to rivals stores with prevailing market price elasticity and competitive premium pricing. ïÆ'Ëœ Consumers have a moderate sensitivity in premium coffee retailing as they  pay a premium for higher quality products but are watchful of excessive premium in relation product quality. Bargaining Power of Suppliers: Low to Moderate Pressure ïÆ'Ëœ The main inputs into the value chain of Starbucks is coffee beans and premium Arabica coffee grown in select regions which are standard inputs, which makes the cost of switching between substitute suppliers, moderately low. Strategic Analysis Of Starbucks Corporation Certified coffee under its coffee and farmer equity (C.A.F.E) program, which gives its suppliers a fair partnership status, which yields them some moderately, low power.7 ïÆ'Ëœ The suppliers in the industry also pose a low threat of competing against Starbucks by forward vertical integration, which lowers their power. Intensity of Competitive Rivalry: High to Moderate ïÆ'Ëœ The industry has a monopolistic competition, with Starbucks having the largest markets share and its closest competitors also having a significant market share, creating significant pressure on Starbucks. ïÆ'Ëœ Consumers do have any cost of switching to other competitors, which crates high intensity in rivalry. ïÆ'Ëœ But its important to note that Starbucks maintain some competitive advantage as it differentiates its products with premium products and services, which cause a moderate level of intensity in competition. ïÆ'Ëœ The industry is mature and growth rate has been moderately low which cause the intensity of competition among the companies to be moderately high due to all of them seeking to increase market shaper from established firms like Starbucks. ïÆ'Ëœ This industry does not have over capacity currently and all these factors contribute to the intensity among rivals to be moderately high. Looking at the Porters five forces analysis, we can get an aggregate industry analysis that the strength of forces and the profitability in the retail coffee and snacks industry are Moderate http://scholar.harvard.edu/files/nithingeereddy/files/starbucks_case_analysis.pdf Cost structure 4.1 Introduction Coffee prices fluctuate heavily from year to year. However, coffee prices do not fluctuate proportionally in each stage of the marketing chain. Consumer prices for example fluctuate less than prices of green coffee on the world market. The degree of fluctuation depends strongly on the way prices are determined. When farmers know in which stage of the production and marketing chain their prices are the most resistant to pressure by buyers and sellers, they can select the most profitable position to increase their market power. Section two takes a look at how prices are influenced and by which factors they are influenced. In section three a closer look is taken at the instability in receipts from coffee exports, caused by fluctuations in prices. This is followed in section four by an exposition about the influence of international commodity agreements on world coffee prices. In this section a short history is presented of the International Coffee Agreements (ICA’s). Section five describes how the margin on coffee is distributed over each stage in the marketing chain. The final section of this chapter presents some conclusions about the pricing in the world coffee market. 4.2 Influences on coffee prices When looking at the price pattern of coffee, one notices that prices are not stable. Price instability occurs in the long run, but also short term prices may change. This section takes a closer look at how coffee prices are determined. Determination of prices depends in the first place on the type of prices. World coffee prices are largely set on the futures and forward coffee markets. The quantity traded on these markets is much larger than actual trade in coffee. Prices are determined on the world market by means of speculation and arbitrage. Since coffee prices are influenced by speculation, pricing depends strongly on expectations about future supply and demand. Local coffee prices may differ between several coffee producing countries. According to De Rijk (1980), prices paid to Indonesian exporters at a given world price depend on the quality of the coffee and regularity and reliability of the quality. Other influences on local prices, according to De Rijk, consist of costs, tax es, information on prices and reliability of contracts. For some decades now the coffee market is showing a structural overproduction. This overproduction is one of the causes of the  weak position of coffee farmers. Figure 3.3 shows that exporting countries possess large stocks. These stocks are mostly set up in abundant years and are used in years of general shortage. Shortages in the supply of coffee are often caused by crop failures through natural incidents. The price of coffee is therefore susceptible to frost and drought, which are two of the leading factors in natural causes. Stocks can be kept by local farmers but more often these stocks are kept by large trading companies, which act as arbitrageurs. Trading companies buy at low prices when supply is abundant and they keep it in stock till prices rise. This provides some extra gains to trading companies, besides the normal margins on trading. Local farmers often do not have the financial resources and storage capacity to keep these stocks themselves. Therefore, they have to sell their coffee to exporters at harvest time against low prices. Farmers could have earned higher prices if they had kept their coffee in stock till the market improved. World prices, farmer prices and consumer prices are correlated with each other. Because stocks appear at different stages in the marketing chain, these prices do not fluctuate proportionally. This is shown in figure 4.1. Mostly these price shock s are taken by exporters’ stocks. As has been mentioned before, exporters often possess more financial resources for storage than local farmers. Also consumer prices fluctuate less than world coffee prices. This is explained by the price setting behaviour of coffee roasters. When world prices go down, consumer prices decrease only fractionally. In case of increasing world prices, consumer prices increase to a larger extent than in case of a price decrease. Besides correlation between prices at different stages of the marketing chain, different types of coffee are also related in pricing. Vogelvang, in his 1992 study, tested some hypotheses concerning the long-run relationships between spot prices of the four main types of coffee. Because coffee types are related to each other, some specific factors concerning the coffee market will be relevant here. These factors are the rate of substitution of coffee types, changes in total world supply or demand, and the existence of an International Coffee Agreement. Besides these specific factors, factors that influence all prices, such as world inflation, interest rates and expectations about economic variables, explain relatedness in prices. Vogelvang computes the following long run equilibrium equations: pcm = 0.91 + pua pom = 11.39 + pua prob = -21.47 + pua where prices are measured in US cents per pound. In these equations cm applies to Colombian Milds, om to Other Milds, rob to Robusta and ua to Unwashed Arabicas (Brazilian). The equations show that prices of Colombian Milds, Other Milds and Robusta are linearly related to price behaviour of Brazilian coffee. In his study, Vogelvang concludes that all the coffee prices move together in the long run. Absolute prices therefore deviate with a certain constant. The equations imply that in the long run Colombian and Other Milds are priced 0.91 cents respectively 11.39 cents per pound higher as Brazilian coffee. The Robusta price of one pound of Robusta is 21.47 cents lower in the long run than the price of Brazilian. Hypotheses concerning a relationship between Robustas and Other Milds are not statistically rejected, but results from this study can not prove a strong relation between low quality coffee like Robusta and high quality coffee like Other Milds. 4.3 Instability in export earnings It has been mentioned previously that the proportion of primary products in total exports of developing countries is high. Prices of primary products fluctuate rather strong. Therefore, these fluctuations may have a large impact on export earnings, imports, investment, employment and government expenditures. Instabilities like these may disrupt the economy of these countries (MacBean & Nguyen, 1987, p.88; Sà ¶dersten, 1980, p.249-255). Price instability and earnings fluctuations are interrelated. Yet, they do not fluctuate proportionally. This depends on the values of the price elasticity of demand, the income elasticity of demand and the price elasticity of supply. The price elasticity of demand measures responsiveness of coffee demand to prices. So, it represents the ratio of percentage change in the  quantity demanded to percentage change in price. Similarly, the ratio of percentage change in the quantity supplied to percentage change in price is called the price elasticity of supply. The income elasticity shows how responsive quantity demanded is to a change in income Suppose price elasticity of demand is (-1). Some coffee farmers decide to increase their production. This implies that world coffee supply increases. In a competitive market, coffee prices will decrease and therefore, demand for coffee will increase. Besides the fact that farmers will receive less payment for each bag of coffee, demand and total quantity exported increases. Therefore, the fall in prices has been exactly offset by higher sales, and the farmers’ income will remain unchanged. This conclusion only applies to the world coffee market in its entirety. The outcome may be all different for individual countries and individual farmers. Mostly one or a few farmers are responsible for an increase in supply. These farmers must be able to produce at low costs, since prices will drop below the initial level. Other coffee farmers may also face a lower price per unit. Therefore some marginal farmers may go out of production, causing prices to return to the long term level. Remaining farmers, who did not change production, have to sell the same output against lower short term prices. Because of this, their total returns will be lower and with the same level of costs, their profits will decrease temporarily. The effects of shifts in supply would be larger if there were economies of scale in coffee production. With economies of scale farmers are stim ulated to increase their production, in attempt to reduce their average costs. So, farmers who increase their production earn higher profits at the expense of farmers with a fixed level of production. However, increases in scale are not possible unlimitedly. Mostly this is restricted by the scarcity of fertile land. Price elasticity of demand In general, price elasticities of demand are low when the product has a low income elasticity, has little or no substitutes and forms a small part of the consumer’s budget. The average price elasticity of demand in industrialised countries with respect to retail prices is, according to estimates by the UN Food and Agriculture Organisation (FAO), about (-0.34). This implies that a 1% price increase (decrease) is accompanied by a decrease (increase) in consumption by 0.34%. Estimates with respect to import prices amount to (-0.2). Other studies have indicated an elasticity of between (-0.2) and (-0.3) in high income countries and of between (-0.4) and (-0.5) in lower income countries (EIU, 1995, p.17). http://www.greenbeanery.ca/bean/documents/scriptie.htm http://www.grin.com/en/e-book/111348/coffee-shop-industry-a-strategic-analysis Competitive Forces that impact competition (Porter Model) 3.1 Competition within the Coffee Shop Industry 20,000 stores with annual revenue of ~ $11 billion Highly concentrated at top and fragmented at bottom – Starbucks ~ 75% of sales Major companies: Starbucks, Caribou Coffee, Coffee Bean and Tea Leaf, Diedrich (Gloria Jean’s), Peet’s Coffee Competitors can also be found in other industries (convenience stores, gas stations, quick service, fast food restaurants, gourmet food shops, donut shops, filter ~ / specialty coffee machines for home use) e.g. Dunkin’ Donuts and McDonalds Competition through special offers (new tastes), outstanding service/ environment (internet, music, comfortable seating areas, short waiting queues), loyalty programs (bonus cards ensuring frequency of visits) and for premium locations (retail centers, university campuses, etc.) Conclusion – Competition within the Coffee Shop Industry Strong competition within the industry for new customers, premium locations, etc. but overall the industry is saturated, settled and stable which allows almost all of the competitors to yield very good margins (40 to 60 percent)[4] 3.2 Substitute Products Competition with other drinks that are not the main focus of by coffee shops: Soda, Juice, Water, Beer, Sports Drinks Competition with other products, people are spending their money on: Ice Cream, Cigarettes, Sweets Consumers have limited discretionary budget to spend on consumer goods, such as cigarettes, beer and also coffee; coffee shops are therefore fighting for a fraction of this budget Conclusion – Substitutes in the Coffee Industry Very b power of substitute products as especially young people might prefer other products, such as beer, cigarettes or soda 3.3 Barriers to Entry Rather low entry barriers: easy to open a single small cafà © Rent a place, remodel, install the equipment, get license as needed[5] However there are high entry barriers for the specialty level or big league/chain players High up-front investment needed to grow significantly (distribution system: shops, equipment, premium locations; marketing: creation of brand awareness & brand recognition, customer retention) Strong brand recognition of major players, especially Starbucks Partnerships with large, international companies also serve as potential entry barrier for new competitors – Starbucks with Pepsi/ Jim Beam/ Dryer’s Grand Ice Cream/ Barnes & Noble or Caribou Coffee with Apple[6] (See Exhibit 2). Economies of scale (purchase advantages; centralized HR and Marketing) realized by big players, especially Starbucks à ¨ cost disadvantage for new entrants Conclusion – Barriers to Entry in the Coffee Industry Small barriers to entry for small regional chains / cafà ©s, but their expansion is relatively slow due to the increasing speed of the expansion of the major players High barriers to entry into the industry for big players due to high industry concentration on top, huge brand recognition of major brands and high up-front investments are needed 3.4 Power of Suppliers Volatile Raw Material Costs[7]: Particular dependence on supply of higher-priced Arabic beans (premium coffee) – as imported mostly from developing countries, price varies along with the economical and political situation of the export country Dairy products, whose retail prices vary a lot, used for specialty drinks Coffee Shop Chains have contracts securing price stability For most coffee-exporting countries (over 60 ) that is their only â€Å"source of cash†[8] Higher world market demand and higher prices for differentiated (Gourmet and specialty coffees) and sustainable coffee (organic, fair trade, eco-friendly or shade grown) than for coffee commodity: Farmers not agile enough or don’t have the means to switch production Companies are helping  communities to make the change (train them, purchase at fair trade prices[9] and provide technical assistance)[10] Conclusion – Power of Suppliers in the Coffee Industry Very limited power of suppliers as they depend on producer’s help and sell a commodity. 3.5 Power of Customers High dependency of coffee shop chains on frequency of customer purchases Most customers appreciate the nice atmosphere in the coffee shops Preferences of customers are very likely to switch as they might get bored with / tired of the same flavor (relatively low brand loyalty) Shopping behavior is very likely to be influenced by budget constraints, weather conditions or health concerns in the general public Interested in continuous product innovation or seasonal specialties Essential for success – word of mouth and frequency of purchases[11] Conclusion – Power of Customers in the Coffee Industry Very b power of customers as coffee shops depend on word of mouth and customer retention Furthermore a customer’s opinion, preferences and shopping habits can be influenced easily which creates a big threat for the companies. http://www.grin.com/en/e-book/111348/coffee-shop-industry-a-strategic-analysis Market Structure 2.1 Introduction Markets are characterised by the interaction of buyers and sellers. Generally, economic literature distinguishes two ways of interpreting the ‘market’ concept. These interpretations concern the concrete and abstract concept of markets. The first deals with tangible markets. The latter concerns interaction of supply and demand, without the need of immediately supplying the products or having them in the market place. Section two of this chapter presents four main types of market structures. The type of market structure largely determines the relationship between buyers and sellers. Therefore, it also influences pricing of the product and the  distribution of income between economic agents throughout the production and marketing chain. Section three deals with the reasons why markets might diverge from a situation of perfect competition. This situation of imperfect competition is caused by the presence of barriers to entry. This section presents six sources causing these barriers as mentioned by Michael Porter (1980). Finally, section four draws some conclusions. 2.2 Types of market structure In the introduction of this chapter it was mentioned that the ‘market’ concept has two different interpretations. Next, this study operates the abstract concept of markets, when dealing with market structures. Economic literature distinguishes four main types of markets. These markets are divided into perfectly competitive markets, monopoly markets, oligopolistic markets and markets with monopolistic competition. Each stage in the production and marketing chain considered in next chapters, may be characterised by a different type of market. Before examining the coffee market, this section will deal briefly with each type of market. Perfect competition When economists talk about a competitive market, they mean a market with the following four characteristics: First, the market consists of many small buyers and sellers, where no individual buyer or seller is large enough to influence the market price of their product. Second, the product is standardised, which implies that it is a homogeneous product. Third, there are no entry and exit barriers. Fourth, there is complete and perfect knowledge about technology and market prices (Martin, 1993, p.15). In competitive markets suppliers can sell their products only with short term economic profits. In the long run this situation cannot persist. When suppliers earn profits, i.e. their price exceeds their average costs, new suppliers enter the business and established suppliers increase their output in the long run. Monopoly On the other hand there are markets which are dominated by one supplier. This market structure is called a monopoly. Two things distinguish a monopoly  from a competitive market. First, there is only one single supplier that supplies the market. Secondly, entry by other potential suppliers is blockaded. The first characteristic ensures that the monopolist faces no actual competition. Because of this, the monopolist may choose to supply at any point on the market demand curve. To earn the largest possible profit, the monopolist will choose the output that makes his marginal costs equal to his marginal revenue. His output decision will determine the price of the product, which makes him a price setter. The second characteristic implies that the monopolist faces no potential competition. To restrict other suppliers from entering the market there have to be some barriers to entry (Martin, 1993, p.23-24). These barriers are discussed in more detail in the next section. Oligopoly In a competitive market, each supplier is so small that it cannot affect the price. When the supplier raises its price above equilibrium price, he will loose his sales to other suppliers or new entry is provoked. At the other extreme, the monopolist has no rivals to worry about. The monopolist can raise his price without provoking new entry. Between these two extreme cases there is another type of market. Martin (1993, p.110) characterises this type of market by the presence of a few large suppliers which dominate the industry. These suppliers recognise their mutual interdependence and therefore cannot act as a monopolist. This third type of market is called an oligopolistic market. So, under oligopoly there is intense rivalry. Yet, barriers to entry are present which allow for long term profit (Maddala & Miller, 1989, p.375). Monopolistic competition An essential characteristic of this fourth type of market is product differentiation. Maddala & Miller characterise this market â€Å"by a large number of suppliers, each of which has a little market power because it offers a differentiated product. Yet all the suppliers are in competition because their products are close substitutes.† So, â€Å"there are no barriers to entry under monopolistic competition and, hence, there are no economic profits in the long run† (Maddala & Miller, 1989, p.375). Differences in market structure lead to differences in marketpower. Therefore, within the framework of this study, it is important to picture these differences in market structure among subsequent stages. In chapter five it is shown that these differences can be very large for some of the stages in the production and marketing chain of coffee. http://www.greenbeanery.ca/bean/documents/scriptie.htm

Importance of Nature in a Childs Life Essay

Nature is made by nature, not by man. Nature can be used for many different things. It can be used for a natural playground, a learning experience, a science experience, a meditation place. The list is endless on what nature can be used for. The best part about it is that there is no list that states what it can and can’t be. It is all in your imagination. This is important for children to learn and grow with. Without nature, there would be no land to live on, no land to play on, and no land to discover and explore. It creates an open-minded adventure for any child. see more:life in 2050 This paper will explain the importance of nature in a child’s life. Nature fosters the imagination. There is no structured play or premade envisions on what things should or shouldn’t look like. How the child thinks and sees things is how things will appear to a child. For thousands of years, children have used outside as their main source of play. Humans have evolved with nature. Nature fosters the imagination because there is no limits to what a child can perceive things as. A child can be a pirate, a princess, or whatever he or she may want to be. Unlike coloring books, there is no outlined picture. Nature is not â€Å"it is what it is†, nature is â€Å"it is what you think and see. † Because there are no guided instructions, it gives the child an ability to guide their own play. This is important for leadership and imagination. It helps the child live their wildest dreams and think up anything they wish. This is a crucial part to developing imagination. Technology is a big issue when it comes to shaping a child’s mind. There are almost always pictures of what things look like or what they â€Å"should† look like. This gives a child a picture in their head of what the image should look like. This blocks the imagination because the child is not free to what they should think about the picture and it does not give them a chance to create the picture in their head on their own. In recent history, technology has advanced more than ever. Elementary schools are using programs and technology to take spelling tests, practice their reading, taking tests, reading to the children. All of these have their ups and downs but it takes away from nature. People are getting so caught up in technology that they orget about their natural playground that accessible whenever anyone pleases. Technology is not always accessible. Natural playscapes are growing in childcare centers. It is becoming more popular everywhere. A natural playscape or playground is a space where there are no manufactured play structures. It is all based on nature and using nature as materials for the playground. These may include sand pits, water, vegetation, boulders or other rocks, textured pathways, etc. These playgrounds are relatively inexpensive and are easier to create rather than assembling a premade play structure. Having natural playscapes teaches the children about their senses (touch, taste, sight, hearing, and smell), social/emotional play, leadership in their own imagination, and challenges the child to learn about new things and explore freely. A big lesson to learn for a child with natural playscape is the respect for nature. Growing vegetation to put on the playground with the children and having them involved in this transformation shows and teaches the children about the cycle of plants, respecting nature, and all about gardening. These are important lessons for any child to learn. Nature teaches children about how to respect the world around them. With technology, you can learn how to do anything. But with nature, you can learn how to do most things and how you learn is by doing not researching. By planting vegetation, the child learns about the cycle of plants, what it takes to take care of it, and what it takes to plant it. This teaches them responsibility and explores new knowledge to be absorbed. If we teach the younger generation now how to respect nature and how to take care of it, it will give nature a fighting chance in the future. Nature also helps children develop their observation skills. There is a lot to be learned and new things to explore. With all of these new things, they are able to free roam and observe what these things are. This helps in their future with school and life-long learning. Not only does nature help the development of a child’s creative side but it may be proven to help ADHD and ADD. In a study done by Frances Kuo, PhD and Andrea Faber Taylor, PhD from the University of Illinois, it showed that activities done outside are less likely to show the effects of ADHD. They sent out ads and got more than 400 responses from parents who wanted to participate in this study. There were about 322 boys and 84 girls and lived all over the U. S. in different house settings. Activities were done inside and also outside with nature. This resulted in the children showing less signs of their ADHD according to their parents. A questionnaire on the internet followed the activity and â€Å"In each of 56 analyses, green outdoor activities received more positive ratings than did activities taking place in other settings,† Kuo and Taylor wrote. Where the child was from, age and sex did not show any significant to the outcome of the study. Nature also contributes with health. You can never be fully unhealthy if you play at least an hour a day outside. With the technology boost, most children choose it over going outside. This causes their obesity to escalate and the child being physically fit to plummet. Nature encourages a child to run around where ever they may choose rather than sit on a couch and play a game. Being physically fit has proven to expand a life span. If nature is being introduced at a young age, they are more willing to participate in physical activities that build a stronger heart and health. Gross motor and fine motor skills are developed faster with outdoor play. It promotes gross motor physical activities such as running, jumping, skipping etc. It also promotes fine motor such as picking up grass, flowers, and leaves. Introducing this to young children is important. Although they develop these skills naturally, playing outdoors will help advance these skills. Nature is an important part of life no matter what your age is. It fosters imagination, helps promote creativity, creates leaders, promote social/emotional play, learning respect the earth and what is around you, develop gross and fine motor skills, teaches you the cycle of vegetation, and can teach you so much more. It is a subject that is based on life learning and it will always be available as long as people learn about it and keep it around. Nature is a natural gift that no one can take away. Some people forget that it’s the simple things that can make the bigger difference. Personally, this subject was interesting for me to learn about. At my center that I am working at, Carolyn’s Red Balloon, we are redoing our playground to a natural playscape. We have so far taken down the big play structures and kept the house looking part on the floor. The children have had improved behavior because there is less structures to get away with things on. We also have been growing plants in our classrooms such as beans, strawberries, and tomatoes so far and the children love to come in and see the progress the plants have made. Before we stared this, they used to pull out all of the flowers and kill all of the bugs they saw. Now that they are learning about respect for the earth, you can tell they are truly changing. They now observe bugs rather than killing them and love to watch the flowers and plants grow. I have seen a personal change in each child and that is why I choose to research this topic.

Global Financial Management Essay Example | Topics and Well Written Essays - 500 words - 1

Global Financial Management - Essay Example With reasons. We have an equation with only one unknown, so we can solve it to find PMT.The easy way is with a financial calculator. Input N=3, I/YR = 10, PV = 1000, FV = 0, and then press the PMT button to get PMT = 402.1148036, 10) Suppose that on January 1 you deposit $100 in an account that pays a nominal (quoted) interest rate of 11.33463%, with interest added (compounded) daily. How much will you have in your account on October 1, or 9 months later? (4) An important rule is that you should never show a nominal rate on a time line or use it in calculations unless what condition holds? (Hint: Think on annual compounding, when INom = EFF% = I per.). What would be wrong with your answers to part (1) and (20) if you used the nominal rate of 10% rather than the periodic rate Nom/2 = 10% /2 = 5%? INom can be used in the calculations only when annual compounding occurs. If the nominal rate of 10% were used to discount the payment stream, the present value would be overstated by $272.32- $247.59 = $24.73. 12) Suppose someone offered to sell you a note calling for the payment of $1000 in 15 months. They offer to sell it to you for $850 .You have $850 in a bank time deposit that pays a 6.76649% nominal rate with daily compounding, which is a 7% effective annual interest rate, and you plan to leave the money in the bank unless you buy the note. The note is not risky you are sure it will be paid on schedule. Should you buy the note? Check the decision in three ways (1) by comparing your future value if you buy the note verses leaving your money in the bank; (2) by comparing the PV of the note with your current bank account and (3) by comparing the EFF $ on the note with that of the bank

Film assignment Essay Example | Topics and Well Written Essays - 500 words

Film assignment - Essay Example In analyzing the role of Songlian, the film uses her character to depict the role of women in the traditional Chinese tradition. Songlian is placed in a homestead which houses mistresses (Yimou, 1991). The house is owned by Master Chen who has four mistresses. Songlian is the fourth mistress. Her arrival in the house was well prepared for as she was pampered. However, this was not the case of all mistresses in the house. Each mistress was pampered upon request by the master (Yimou, 1991). For this reason, there was competition on the mistress who could capture attention of the master. As a woman, Songlian was subjected to discrimination. Firstly, her marriage to Master Chen was the only way that she could be accepted in the society. A married woman could be more respected than a woman who could not. This argument could be justified by the fact that Songlian and other mistresses were content with their position. However, this exposed them to dangers and risky moments. For instance, Songlian is punished for lying about her pregnancy. At the end of the film, she is almost going mad due to her tribulations under Master Chen (Yimou, 1991). One may point out that marriage in form of ownership was responsible for the poor life led by Songlian. Songlian was also from a poor background which made her more vulnerable. From her family’s perspective, her marriage to Master Chen was the only hope for the family. In addition, her family could not be able to protect her vulnerability in the hand of Master Chen due to their class differences. For this reason, Songlian was required to sublimit and be respectful to her husband regardless of her living conditions. Her dowry payment gave her husband the right to control her life completely. From the film, it is an obvious assumption that the Songlian’s gender and social class made her very vulnerable. In addition, the traditional Chinese culture did not provide much hope for women. The culture had mandatory requirements from

MGT230 question Assignment Example | Topics and Well Written Essays - 500 words

MGT230 question - Assignment Example However, any motives could be considered universally defensible because people act rationally. This means that since whistle-blowing is a rational choice, then one can substantially universally defend it as a good act or choice. Thus, this is a means to an end, because Kantian theory argues that people act something because that is the rational thing to do. Whistle-blowing could be a way to solve conflict or expose the truth for the benefit of every concerned. This makes this act a means to achieving the desired end. The end, which is the output of a rational choice, would still remain universally defensible because it is part of the rational choice itself. Considering that people act on rational motives, then the rational thing to do is act on duty. Knowing that whistle-blowing is a rational choice, then doing so is acting on duty or on the basis of a good will. Thus, it is clear therefore that Kantian ethics finds whistle-blowing ethical, as far as it is acted on duty, a rational c hoice or a means to an end. 5. Is it unrealistic to imagine that there will be no sexual interaction between individuals in the workplace? Why/why not? Can a policy that prevents workmates from having an intimate relationship be morally justified? Then provide your reasoning (e,g, if you argue that it is unreasonable, you might argue that owing to long working hours, many people do not have very much time to socialize outside of their workplace and/or that when individuals work together closely, it is natural for bonds to form. If you argue that it is reasonable, provide your reasoning e.g. adults should be able to control themselves in the workplace, if they are aware of the rules, they should either comply or find alternative employment - there are plenty of other arguments for/against the premise of the question). Finally, answer the last part of the question –

Analysing and evaluating arguments Coursework Example | Topics and Well Written Essays - 250 words

Analysing and evaluating arguments - Coursework Example rt of faith for the so called health gurus who would merely want to draw some attention to them, while trying to come up with medical solutions to the public. The argument however is a basis for an awakening of sleeping minds since it leads to the development of the idea through scientific research which ends up refuting the idea that all diseases can be cured just by observing diet in terms of the fat content and fibre.1 If this argument is left to remain just the way it is, then it would imply that all diseases that are discovered would be cured through eating diets with less fat and more fibre. However, to the greatest extent, this is not true and many experiments can be performed to prove that this argument is inductive and a lot more can be done in science which can correct the argument. A more correct version of the argument would have suggested that most of the diseases can be cured or at least controlled through reduction in consumption of fatty foods and increased consumption of diets rich in