Competition is generally a healthy phenomenon. Its presence ensures that prices set for products and services are fair and reasonable. Although factors such as supply-and-demand, market position, brand value, etc influence the price set for a product/service, it is competition that fine tunes the price to existing demand. In its absence, monopolies or cartels could…
Tag: Works Cited
Should the word ‘Negro’ be removed from The Adventures of Huckleberry Finn?
The Adventures of Huckleberry Finn, written by Mark Twain toward late nineteenth century is a vital contribution to the American literary scene. Criticized from various quarters for its overtly racist tone, the book, if anything, stands against racism and slavery. The rest of the essay will argue that there is no need for censoring or…
The five types of customer markets
Customer markets can be broadly classified into five types. The first is the consumer products markets, where products are purchased by individual consumers for themselves and their families. Within this category several sub-types exist. Fast-moving consumer goods (FMCGs) is one type of consumer market. These are generally high volume, low unit value goods that have…
The Origin of the Universe
A dominant prevailing theory about the origin of the Universe is the Big Bang model, which was accepted by the scientific community after gathering enough observational evidence and later verifying its predictions. One of the foremost paradoxes thrown open by the Big Bang theory is its idea of the original explosion of all universal matter…
Just In Time (JIT) Variability
Just In Time (JIT) is a production technique, which relies on the philosophy of constant enhancement via problem-solving. Closely allied to Lean Production methods, the aim of JIT production is to offer value to the customer, when it is wanted and with very little waste. Variability in the context of JIT systems is ‘deviation from…
Is the U.S. and U.N. doing all they can to assist and protect victims of Female Genital Mutilation (FGM):
Female Genital Mutilation (FGM) is an ongoing practice among many primitive peoples of the world. Rooted in religious doctrine and mysticism, this practice is a form of abuse against women, for it deprives them of attaining full sexual pleasure. Both the United States and the United Nations are powerful political entities that can do something…
The influence of 1900,1904,1908,1912 and 1916 Olympic Games on the world
The Olympic Games is the most celebrated sporting event for all nations in the world. Almost every sporting discipline is included in the itinerary and most of the countries in the world participates in it. It showcases human virtues such as perseverance, courage, determination, etc and in this respect it serves as a theatre of…
The five supply-chain strategies
Supply Chain Management (SCM) has become an integral part of many manufacturing companies’ production processes. SCM came to be recognized as crucial to the success of a business especially if there is high competition within the industry and room for inefficiencies are low. First pioneered by Japanese automobile companies like Toyota, SCM is essential in…
How do adult movies affect our lives?
Despite gaining no legal or religious sanction, the adult movie industry is one of the biggest and thriving contributors to culture and economy. Here, adult movie is defined as that whose content is majorly comprised of implicit or explicit sexual acts (of various orientations) and action movies that are adult certified due to excessive violence…
Different techniques for improving service productivity
As manufacturing industries are steadily replaced by services industries, the concept of productivity assumes new meanings and dimensions. Improving productivity automatically reduces costs incurred by companies, thereby boosting the bottom line. As a consequence, the company has more resources at its disposal to spend on R&D and supplementary services. So, there is incentive for managers…