PRICE FLUXUATION Essays - Pricing, Marketing, Consumer Theory

PRICE FLUXUATION There are many factors that can cause the price of a product to fluctuate. The product that we are examining is a high quality mountain bike that has been set at a price of fifteen hundred dollars. This price was reached by taking into consideration all of the Laws of Demand. The need of a product to consumers greatly reflects the percent of markup over the initial cost of production. A product is not always sold at a specific percent above cost; many different factors are taken into consideration. There are numerous research teams whose job is to study the economy and provide advice to larger companies on how greatly their product is needed. Although consumers may not approve, quite often prices increase without notice or explanation. The distance between where the product was manufactured and where it is sold has a minute effect on the price. For example, if the mountain bike were made in Sweden it would roughly cost fifty dollars for it to be sent over to the United States. Sometimes an event might occur and the popularity of a once unknown sport may increase and therefore the price increases with the consumer's wants. A two hundred-dollar increase in the price of a mountain bike would not be unheard of around the time of Tour de France. A much more serious increase, like a five hundred-dollar increase, occurs only in extreme circumstances and not as often as the less expensive price fluctuation. If the mountain bike became extremely popular and most of the stores were sold out and not expecting more until the next year, a dealer might hold a few a side with a very hefty markup. A much more widely accepted price change is that of a price decrease. A fifty-dollar decrease could occur with competition between two businesses. Sometimes when a business is just beginning and they are trying to get their product out on the market they lower the price. Such a decrease of two hundred-dollars would be seen in such a promotion. The decrease in the price by five hundred-dollars doesn't happen as often as hoped. Such an event like a recall on a product could cause the price to decrease by one-third of the original price. In the world market it is not unlikely for a product's price to increase and decrease rapidly due to many factors. However, the bigger the amount of increase or decrease the less often the occurrence. It should be highly evident that any event can cause a product to gain or loose value. For example, the increase in gas prices could cause more people to ride bikes, therefore increasing the need for bikes and increasing the price. The factors that effect prices of certain products are often not related.

People vs. Persons

People vs. Persons People vs. Persons People vs. Persons By Mark Nichol What’s the difference between people and persons? The fast-and-loose answer is that people is correct and persons is wrong; the former word has supplanted the latter as the plural form of person. At one time, the distinction between the terms was that people is a mass noun referring to an undetermined number of humans (â€Å"I’ve known a lot of people like that†), while persons is employed when the quantity is known (â€Å"Seven persons were apprehended†). Persons is still appropriate in legal and other formal contexts (â€Å"Authorities are seeking persons of interest†) and when referring to the human body (â€Å"A search was made of their persons†), but in one of those curious cases of illogical semantic shift, it has all but disappeared in general usage. On a related note, some readers are puzzled by peoples, but this is merely the plural form of the collective noun people; â€Å"the peoples of the Arctic region,† for example, refers to multiple distinct ethnic groups: the people of here, the people of there, and the people of the other place: the peoples. People, meanwhile, is occasionally used as a verb synonymous with populate (â€Å"We will soon people the entire planet†); the antonym is unpeople. (Populate and people share etymological origin.) Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:Coordinating vs. Subordinating ConjunctionsAwoken or Awakened?If I Was vs. If I Were

Class oberservation Essay Example | Topics and Well Written Essays - 500 words

Class oberservation - Essay Example progressive education for our society. I went to the Academy of Saint Joseph Catholic School in Brentwood New York to observe first graders. I would have to say it was a great experience. Before I entered the class room, I had a conversation with the principal, Sister Kerry. She explained to me that each teacher had their own style of teaching and were allowed to express themselves in any way possible to get their children to learn. One thing that was extremely obvious was their school philosophy. As soon as you entered the school, there was an extremely large poster board. The underlying philosophy and rules of the organization of an idealistic system were very clear. It was a list of the things that they believed in, and what they wanted the children to focus on. Keeping all these in mind, I entered the class room where I was introduced to Ms. McGeiald. Once again the children were as cute as a button. I arrived early so the class was just getting started. The teacher explained to me that the children were working on their diaries – writing down complete sentences of the things they did over the holidays. At the beginning of the year, they started out with one sentence and now they were up to five.