Pfizer-puffery or deception Essay Example | Topics and Well Written Essays - 250 words

Pfizer-puffery or deception - Essay Example Jarvik convince the audience in no time. As long as the information provided is valid, truthful and scientifically justified, there is nothing to worry about if advertisers make use of famous people to enhance the sale of their products. In fact, it is a good practice because consumers would tend to believe a product that is of high quality just because of their trust in the celebrities that introduce the products to the public in ads. Answer-2: It is advisable for Pfizer to adopt more rational and approved means of support for the claims it makes in advertising Lipitor. The best approach is to seek scientific evidence that would prove Lipitor’s role as a cholesterol reducing drug. Answer-3: Rational estimate about a company’s advertising policy can only be made by giving its product a try. Often, products come in sealed packs, and the customers can not even see if the product is the size that appears on the cover. Likewise, validity of claims made for a drug like Lipit or can only be judged through taking its full course at least once.

Product and Place Term Paper Example | Topics and Well Written Essays - 1000 words

Product and Place - Term Paper Example The products of our business are designed to take advantage of the bargaining power of customers. Many buyers feel that they should bargain in the market. Inclusion of wraps in the product menu is an objective of our business that aims at creating bargaining environment for the consumers. Our business intends to provide varied products for the consumers in order to create threat to substitute products in the market. Another product objective of our business is to create an avenue for potential entrant into the market. Products such as wraps would create a great potentiality for the business to enter into the market. Our business has identified the needs of various customers; this would have provided vital information in designing the product objectives. Our business products aim at providing variety of choices to the consumers. Our products will serve consumers who are jogging or walking along the streets. Our business presents five categories of products, which the customers can cho ose. The products would benefit the customers because our business intends to offer high quality products. For example, a customer who orders for the stir-fry may decide to take rice with veggies or noodles with sauces. On the other hand, a customer may be willing to buy grilled chicken with Sundried tomato, spinach and regular tortilla wraps. Our product menu has healthy products that it intends to roll to the market. The product features aim at meeting varied demands of the market. Another feature for the products is their ability to be carried away by the customers. Some customers prefer take away, our business has developed products to suit these demands. Provision of products that suit the demands of the customers would help in marketing the business. The approach of our business into the market is to create an opportunity that would lead to high market share. Customer needs is a factor that contributes to the product strategy and objectives of the business. Penetrating market strategy aims at utilizing the business products to attract and retain customers. For our business to penetrate the market, it has to come up with a packaging system that would lure customers. Our business intends to adopt a packaging system that would make the products of the business stand out in the market. The package should break the convection in the market. Our business would develop unique shape for its products in order to draw the attention of the customers. Elegant packets lure the attention of many buyers. Products like fruit salad require unique packaging that would lure the interest of the customers. Another packaging factor that the business wishes to address is the feel good factor. The attractiveness of the package indicates an offer of the same quality. The need to offer quality package would make the business penetrate the market. Our business wishes to use the above choices to achieve it positioning objective. Strategic packaging, product objective and services o ffered by the business aim at winning greater market share. The success of the above factors would lead to the success of our business. Place is another important factor in the marketing mix. Delivering of business products to the customers at the right time has an influence on the success and market share of our business (Lamb, Hair & McDaniel 47). The distribution channel that the business

Skiing Essay Example | Topics and Well Written Essays - 750 words

Skiing - Essay Example In USA, the first record of the use of skis was in Wisconsin in the year 1841 with the first ski race being held in 1867. Other famous events in the ski history in the US were held in the 1930s in locations such as Utah, Idaho, Stowe, Sun Valley and Ulta among others. Recreational skiing, which is the most popular type, has been traced to have originated in the Scandinavian countries with Norway being the location where it was most used. Initially, skiing was used as a method of movement (travel) as used by hunters across the snow-bound regions. In this period, steering and stopping techniques were developed while also various types of skiing such as Alpine and ski jumping were established as well. With the migration and traveling of the Norwegians around other parts of the world, there was an emergence of skiing as a sport. 1n 1924, the first Winter Olympics were held in Chamonix, France where skiing sport was part of the military competitions. During this time, the ski equipment was greatly improved while the transportation devices for carrying skiers were also developed. With a growing interest in the recreational activity, there was an emergence of ski resorts largely in the urbanized areas. By the World War II, skiing sport had grown into a large industry that went beyond the traditional hardcore group such as the college club students and ski jumpers. After the war, the skiing industry experienced a rapid growth that was characterized by an increase in the number of ski areas and an improvement of ski equipment among others. The Winter Olympic games of the year 1960 were televised, making the sport more popular among the American population. The post-1970s years have seen a continuous growth of the sport that has seen the skiing industry become what there is in this day (Goeldner & Standley, 105-106). Today, there are numerous types and styles in which the sport enthusiasts enjoy it.

The Constitution and Problems of Interpretation Formalism vs Realism Essay

The Constitution and Problems of Interpretation Formalism vs Realism - Essay Example Although it has declined, it still continues to be influential in how the law is looked at (Tamanaha, 2009). Conversely, legal formalism is a rule and law-based perception of decision-making. According to this law, judges base their decisions on whatever the law says as opposed to what the law must be. This was the widespread view in the early on years and still is perceived by many as the appropriate way of deciding cases. While observing the constitutional law, legal formalists have the perception that it should be construed by its original implication (Tamanaha, 2009). Present day legal formalism is especially prominent within two parts, constitutional law together with statutory interpretation (Tamanaha, 2009). According to the constitutional law, formalism is integrated with â€Å"originalism,† the perception that the constitution has to be interpreted in concurrence with its â€Å"original meaning.† Conversely, within statutory interpretation, formalism is integra ted with the â€Å"plain meaning† theory whereby the statutes have to be interpreted in order that the words and phrases contain their ordinary denotation (Tamanaha, 2009). Plain meaning methods also are integrated with the perception that the legislative history must not be used, particularly if it would end up in an interpretation, which varies from the statute’s text. ... Other realists contend that judges must sometimes invalidate statutes depraved policy or establish judge-made rules thereby serving the ends of upright policymaking. It is easy seeing how realists are capable of criticizing legal formalism. In an instance whereby a formalist judge adheres to the statute’s plain meaning, that might result in its application even in instances where it will be harmful and converse to the intents of its drafters (Tamanaha, 2009). Moreover, other realists contend that legal formalism was, in fact, fraud; apparently, judges do not adhere to the plain meaning, rather, the so-called formalist judges decided on the basis of their own policy inclinations and then dressed up the outcomes in the language of legal formalism. Although ideology performs the work, it is the responsibility of legal formalism to ensure that it looks pretty (Tamanaha, 2009). In spite of the realist critique, of late, legal formalism has been formulating a comeback. The main reas on for the rejoinder is the realization that intense versions of realism make it extremely difficult to understand what the law is according to the decision of a judge regarding a certain case (Tamanaha, 2009). The point of hard law, i.e. determinates legal rules that draw comparatively â€Å"bright lines†, is that they give certainty, stability and logic to the law. Purposes present less guidance, and there is a possibility of various judges having different views concerning what the true objective of the rule might be (Tamanaha, 2009). These two points of views are at conflicting ends of the legal scale; in one perspective, with legal realism, there are

Islamic Banking Essay Example for Free

Islamic Banking Essay Islamic Banking is interest free banking, in which there is no fixed rate of return. Islamic banking is the banking system which is run in accordance with the Islamic laws and the Shari a’ board; that guides the institutions. This Shari a’ board authorizes the products that whether these are Shari a’ compliant or not. Islamic banking is the banking that is guided by Islamic law (Shari a’) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called Riba in Islamic discourse†. Islamic banking also finds its roots in Islamic finance and all type of transactions are interest free of risk sharing. The interest is probihited in Islamic ways of banking as it is also obvious from Quran. In Quran, in Sura Al-Iman, Allah said that; â€Å"O you who believe! Do not devour Riba multiplying it over and keep your duty to Allah that you may prosper† (3:130). Same kind of prohibition regard fixed interest is also lead in sura Al-Rum(39), Al-Nisa (160-161) and Al-Baqarah (275-281) of Quran. Riba and Gharar are illegal under Islamic law. Riba refers to fixed rate of interest. Gharar refers to fixed rate of interest. Gharar refers to speculation. Islamic banking shows dramatic improvements and developments in Pakistan. Islamic banking is taken as national policy and it is supported but there exist dual banking structure in the Muslim countries. Mostly the banks of conventional system are also opening their separate Islamic banking divisions and branches. The expectation of increase in growth of networking of Islamic banking system is increasing. The Islamic banking has increased in terms of branches, deposits, capital funds, sources. The ratio of income to expenses is high which indicates increasing profitability of the sector. Riba in Hadith â€Å"Every loan that derives a benefit (to the creditor) is riba†. (Hazrat Ali Radi-AllahuAnhu). Abu said al Khudri Radi-AllahuAnhu narrated that Holy Prophet ( peace be upon him) said: â€Å"Gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, and salt for salt, like for like, payment made hand by hand. If anyone gives more or asks for more, he has dealt in Riba. The receiver and giver are equally guilty. If the creditor received a goat as mortgage from the debtor, the creditor may use its milk to the extent he has spent in providing fodder to the goat. However, if the milk is more than the price of the fodder, the excess is riba. â€Å"Usmani, para 99). For Usamah ibn Zayd : â€Å"There is no riba except in nasi’ah (waiting). â€Å"Bukhari, Kitab al-Buyu, Bab Bay al-dinari bi al-dinar nasa’an, ( : 386); also Muslim and Musnad Ahmad). There is no riba in hand-to-hand (spot) transactions. † (Muslim, Kitab al-Musaqat, Bab bay’I al-ta’ami mithlan bi mithin; also in Nasa’i). What is the significance of Islamic Banking in a post recession world? Islamic banking is gaining popularity in emerging markets after helping some financial institutions avoid the worst of the economic meltdown. Islamic banks have been less affected than many conventional banks in the current global recession. This is mainly because unlike conventional banks, the Islamic banks have not been exposed to losses from investment in toxic assets nor have they been dependent on wholesale funds since these practices are not in accordance with the principles set out in the Sharia Law. Moreover, recent years have already indicated that there is an interest in Islamic banking beyond Islamic investors. The UK is one of the leading centres for Islamic banking in the world, yet only 5% of its population is Muslim. And lastly, governments and regulators in a variety of countries have already recognized the importance of Islamic banking as a feasible alternative to conventional banking. The global recession brought about by the collapse in credit supply saw many of the globally accepted models of investment disappeared almost overnight with the collapse of Lehman Brothers in September 2008. It is well accepted that the credit crunch was essentially caused by gambling and inadequate regulation. The radical change in the investment dynamics of the market and a clear question of the morality of the investment industry signify a clear turning point in the development of regional and global investment markets. That will provide new boost to the already burgeoning Islamic private equity and venture capital industries. Thus, surely a system in which gambling is banned, where everything must be backed by tangible assets should be significant in a post recession world. In this era of scarred savers and investors, everyone shall move their money over to this low-risk system. A post-crisis market is more realistic and searches for an ethically based approach to investment. The new investment markets, after the crash, will see a growing demand for a far more partnership approach to private equity and venture capital investment. In private equity, the investor shares both the risks and the rewards, which replicates the basic principles of Islamic investment. Even before the full attack of the global downturn, the characteristics of Islamic private equity and venture capital ensured the sectors enjoyed increasing attention from regional and global investors. The merger of companies, as a means of meeting the operational and strategic challenges of the economic downturn, will show a growing demand for a far more partnership approach to private equity and venture capital investment. Islamic investment should be made on the basis of partnership and investment also to be made in largely infrastructure-orientated projects, such as transport, energy, healthcare and education, as these sectors not only offer asset backed investment but also long term investment into societies. Thus, in the post recession world, where the market and society is demanding that the investment industry provide a responsible form of investment, Islamic private equity and venture capital are both ideally suited to meet this demand.

My diary for a week Essay Example for Free

My diary for a week Essay 8. 35 am. I arrive at the hall. I am the first member of staff to arrive so I unlock the cupboard and start getting the equipment we need for the morning out after looking at the daily planning sheet. I first put the tables and chairs out. Other members of staff now start to arrive and help to put the rest out. I then cover the big table with newspaper for our craft item of the morning. Our theme is the sea side. As this is my day today and I take the role of the leader I have chosen to do sun hats. I get the straw from the cupboard to stick onto the hats that I have already cut out. 9,0clock it is now time to let the children in so I go to the door and tell them to come in. I take the fees today so go to the counter where the book and cash tin are. I receive cheques or cash from 4 parents, so right out receipts and enter it in the book. 9. 10 The parents have now all gone home so it is time for me to call the register. I ask the children to sit on the mat. Then I make sure the outside door has been locked. I sit on a small chair in front of the children so I am at their eye level. I ask the children to be quiet as I am about to call their names. I say good morning to each child and most of them say it back. We then count the children together and find we have 15 in this morning. We then talk about what we are going to do today. The children now choose their activity. I go to the craft table and assist the children in their sticking. When all the children have finished their hats I get some old catalogues and some scissors, the children then have the choice to do more gluing. 10. 30 I help to pack some off the toys away then ask the children to sit on the mat for a story. We chose a book together and I read it. After we all talk about it. The children then wash their hands and I get them to sit at the tables. I Ask a little girl whose birthday it is if she would like to hand the biscuits out. I remind them all to say thank you. I then go to a safe place at the big table to have my coffee. 11. 0clock I ask if the children would like the bikes they all say yes so I get them out of the cupboard. I then choose the children that are sat quietly first to have a bike. I sit at the pony table and play with 2 children. 11. 30 I put the bikes back into the cupboard and get the tape recorder out. I put the action song tape on and we all join in with the songs. 11. 45 I give the bags out and let the parents in. I sit with the children until their mum or carer is in the hall. 12. 0clock I lock the cupboard and check the toilets then go home.

RISE OF INDUSTRIAL CAPITALISM

RISE OF INDUSTRIAL CAPITALISM INTRODUCTION Any society is capitalist if the means of production that is tools and materials belongs to the employer and not the employees and the employees produce commodities belonging to their employer. Commodity is something produced for the chief purpose of being exchanged. With increased wealth the leisure class improves in structure and function. Differentiation jets in with less elaborate rank and class. Hence this has led to the upper class and the lower class that depended on the lower class for their survival giving rise to the workers and non workers this develops into capitalism. This paper seeks to explain the rise of industrial capitalism with one claim which serves as thesis that the rise of industrial Capitalism was a result of unequal distribution of wealth in communities giving rise to the non workers who owned the means of production and also the workers. This includes trade practiced by people in the higher class consuming more the workers could produce hence as time goes th ey require more and more people in the lower class to produce for them. Industrial capitalism is a system both social and economic whereby industry and resources are owned by few for profit. In this capitalist system means of production were privately owned. America witnessed the growth of Industrial capitalism in late 19th century and early 20th century. . In any capitalistic state, property is privately owned and is protected by the supreme law of that state. Thus in the rise of industrial capitalism, we are looking at starting of when individuals in a society started acquiring property privately. The rise of industrial capitalization was as a result of five main view points which include: conspicuous consumption, great monopoly, scientific management and difference in living standards. According to Thorestein Veblen on his conspicuous consumption theory stated that rise of industrial capitalization was as a result of wealth accumulation to a few number of people, thus the wealthy developed more in function and structure as a result of having access to more goods and services. Thus there arose a difference in class structure. This was further enhanced through inheritance of wealth and inheritance of gentility. With the inheritance of gentility came the inheritance of obligatory leisure. Thus those who were born wealthy outranked the others born in less wealthy families thus the unlucky to be born in the poor families became the servants of their masters.In this case to rise the ladder from the lower level to high level could take decades of years if not centuries. This in turn resulted into unequal state. This is referred to as feudalism that brought increased ‘primary accumulation of resources or investment capital. .According to Henry Demarest on the story of great monopoly rise of industrial capitalism came about as a result of monopoly in some useful natural resource in this case it was fuel. This monopoly of fuel resource needed by so many people; resulted in acquisition of wealth and elevated some peoples standards. In principle of scientific management as a result of recorgnising the importance of conservation of natural resources scientific management has slowed down the fast rise in capitalism. This created a know how in how the environment had been affected negatively in the search for wealth to be used by few people at the expense of the masses. The difference in living standards was brought about by Jacob Riis where he states that long ago one part of the world did not know how the other part lived because they simply didnt care. The half on top cared little for the others struggling so there was a build up in number of people struggling to a point in which crowding was so much at the bottom creating discomfort to a point where the bottom could not be ignored. CONSPICOUS CONSUMPTION Conspicuous consumption theory of industrial capitalism started as a result of differentiation within class this was a result of the rich owning the means of production. The leisure class which was known for its reckless consumption stood ahead of the social structure in point of reputation. Thus in the survey of growth of conspicuous consumption, it appeared that the utility of both was alike and lied in the element of waste which is common in both. This consumption resulted into depletion and wastage of resources and the workers rioting against the non workers. They wasted goods, time, and effort as a way of demonstrating the possession of wealth. The consumption becomes larger element in the standard of living. Thus rise in rush for wealth to maintain a higher social status. Consumption became a larger element in standard of living in the city than in the country in an effort to remain decent in the city. The higher class would spent without care to that they are wealthy and in tu rn the other people in the City who belonged to the same class would also do the same; competing on who could ‘consume more. GREAT MONOPOLY Great monopoly gave wealthy individuals control over important natural that were vital in production and by so doing influenced industrial capitalism by owning the raw materials for instance coal and petroleum. Petroleum in cities in the United States as well as well as other countries serves to control the production for the people in lower class failed to acquire the power to manufacture their goods if they had any. Majority of oils production in America, manufacture and export had been controlled for long period by a single corporation which had a monopoly for very long. These monopolies could control the whole economy from production, manufacture and even distribution and pricing the goods and services available. PRINCIPLES OF SCIENTIFIC MANAGEMENT Scientific management influenced rise in industrial capitalism in that the whole country at once recognized the importance of conserving material resources. In the past the prevailing idea had been that the right man for the job could be found and the methods of production would be safely left to him which was an old system of personal management. Acquiring of products was at the expense of the environment. DIFFERENCE IN STANDARD OF LIVING Difference in standards of living came as a result of one part of the world not caring about the other part thus those underneath facing crowding and discomfort so great that the consequent upheavals became so violent it was no longer easy to do anything and the upper half failed to inquire what the matter was. Thus capitalism came about where everyone for himself in search for personal property. This scenario resulted to poor masses that would live under the mercy of help from other countries of from their extravagant neighbors who were the course of the problem. CONCLUSION In conclusion the rise of Industrial Capitalism in many parts of the World especially America and Western counties was a result of control of the means of production and consumerism as President Roosevelt argued that the Americans were misusing resources. The scramble to acquire in America was the root cause of industrial Capitalism. People who criticize capitalism put forward the argument that Industrial capitalism was associated with unfair and quite inefficient distribution of wealth creates imperialism and counter revolution wars fighting against economic and cultural exploitation repressions of workers and trade unionists, and phenomena such as social alienation inequality, unemployment, and economic instability. Critics have argued that there is an inherent tendency towards oligolopolistic structures when laissez-faire is combined with capitalist private property. Capitalism is regarded by many socialists to be irrational in that production and the direction the economy is unplanned, creating many inconsistencies and internal contradictions. Environmentalists have argued that capitalism requires continual economic growth, and will inevitably deplete the finite natural resources of the earth, and other broadly utilized resources After the Industrial Capitalism the world has witnessed another form of capitalism which is almost similar and that is financial capitalism. America witnessed the entry to Industrial age and this affected the Americans both economically and socially especially the blacks who still were regarded as outsiders and could not settle in some places especially in the North and could not be allowed to own property in some cases. With Industrial Capitalism it made that the blacks were more sidelined and became poorer and poorer. Capitalism concentrated resources to a few whites and the consumerism culture that developed then saw America face the Great Recession of early 20th century. President Roosevelt had to change the policies of pay to improve the lives of many poor Americans who had been made poor by capitalist policies that concentrated wealth and means of production on a few hands. Bibliography Primary Sources Lloyd, Demarest Henry, The Story of a Great Monopoly, The Atlantic Monthly, March 1881. Taylor Winslow Fredrick, Principals of Scientific Management, 1911. Veblen, Thorestein, The Theory of Leisure Class: An Economic Study of Institutions (New York: Macmillan,1902): 68-101. Secondary Sources Diggins, Patrick John, Thorstein Veblen (New Jersey: Princeton University Press, 1999): 83-85. Kilcullen, John, Marx On Capitalism (Sidney: Macquarie University, 1996): 1-2. Riis, A Jacob, How the Other Half lives (Minnesota: Kessinger Publishing, 2004): 130-13 Zentes, Tamà ¡s, The transformation of the world economy (Mexico City: United, 1988): 38.