Scientific method essay
Thursday, August 27, 2020
Ocean Sunfish Facts
Sea Sunfish Facts The sea sunfish (mola) is surely one of the more irregular showing up fish in the seas. This hard fish, otherwise called the normal mola, is well known for its colossal mass, striking appearance, high richness, and free moving way of life. Quick Facts: Ocean Sunfish Logical Name: Mola molaCommon Name(s): Ocean sunfish, regular mola, basic sunfishBasic Animal Group: FishSize: 6ââ¬10 feetWeight: 2,000 poundsLifespan: 22ââ¬23 yearsDiet:à CarnivoreHabitat: Pacific, Indian, Atlantic seas, Mediterranean and North SeasPopulation: UnknownConservation Status: Vulnerable Depiction The sea sunfish is a hard fish-it has a skeleton of bone, which recognizes it from cartilaginous fish, whose skeletons are made of ligament. The fish doesnt have an ordinary looking tail; rather, it has an uneven member called a clavus, which developed through the combination of the fishs dorsal and butt-centric balance beams. Regardless of its absence of an amazing tail, the sea sunfish is a functioning and elegant swimmer, utilizing its dorsal and butt-centric blades to perform fast alters in course and flat developments free of the common ebb and flow. It can likewise jump out of the water. Sea sunfish fluctuate in shading from earthy colored to dim to white. Some even have spots. By and large, sea sunfish weighs around 2,000 pounds and range somewhere in the range of 6 and 10 feet over, making them the largestâ bony fishâ species. Female sunfish are bigger than the guys all sunfish bigger than 8 feet in length are females. The biggest sea sunfish at any point estimated was about 11 feet acrossâ and weighed more than 5,000 pounds. <img information srcset=https://www.thoughtco.com/thmb/b6zyE2oqvVa859WzoU6gCfF7it8=/300x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-599834933-5bd616f946e0fb00512fd112.jpg 300w, https://www.thoughtco.com/thmb/P1Hqu0xIDgidP18ZHs7Nt0bRwCg=/600x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-599834933-5bd616f946e0fb00512fd112.jpg 600w, https://www.thoughtco.com/thmb/Vdw2uM3ILEEHJJf1hitTIdOEUlY=/900x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-599834933-5bd616f946e0fb00512fd112.jpg 900w, https://www.thoughtco.com/thmb/QHu1r2yoEbC53chdNRVol8cImTI=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-599834933-5bd616f946e0fb00512fd112.jpg 1500w information src=https://www.thoughtco.com/thmb/GXZnfEXdD8bRvIBEdKdz9evZLe4=/1500x996/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-599834933-5bd616f946e0fb00512fd112.jpg src=//:0 alt=Underwater perspective on mola, sea sunfish, Magadalena straight, Baja California, Mexico class=lazyload information click-tracked=true information img-lightbox=true information expand=300 id=mntl-sc-square image_1-0-8 information following container=true /> à Rodrigo Friscione/Getty Images Species The word mola in its logical name is Latin for grindstone a largeâ round stone used to granulate grain-and the fishs name is a reference to its circle like shape. Sea sunfish are regularly alluded to as normal molas or basically molas. The sea sunfish is otherwise called the normal sunfish, as there are three different types of sunfish that live in the sea the thin mola (Ranzania laevis), the sharp-followed mola (Masturus lanceolatus), and the southern sea sunfish (Mola alexandrini). The sunfish bunch gets its name for the fishs trademark conduct of lying on its side at the ocean surface, apparently luxuriating in the sun. Living space and Range Sea sunfish live in tropical and mild waters, and they can be found in the Atlantic, Pacific, and Indian Oceans just as gulfs, for example, the Mediterranean and North oceans. They by and large remain inside 60ââ¬125 miles of the coastline, and they obviously move inside their reaches. They spend the summers at higher scopes and their winters moderately nearer to the equator; their extents commonly are along around 300 miles of coastline, albeit one sunfish off the shore of California was mapped at going more than 400 miles. They move during the day on a level plane at pace of around 16 miles every day. They likewise move vertically as the day progressed, going between the surface and up to 2,600 feet underneath, going all over the water segment during the day and night to pursue food and control body heat. To see a sea sunfish, however, youll likely need to discover one in the wild, since they are hard to keep in imprisonment. The Monterey Bay Aquarium is the main aquarium in the U.S. to have live sea sunfish, and the fishâ are kept at just a couple of other aquaria, for example, the Lisbon Oceanarium in Portugal and the Kaiyukan Aquarium in Japan. Diet and Behavior Sea sunfish like to eat jellyfish and siphonophores (family members of jellyfish); indeed, they are among the most plenteous of the universes jellyfish eaters. They additionally eat salps, little fish, microscopic fish, green growth, mollusks, andâ brittle stars. In the event that youre sufficiently fortunate to see a sea sunfish in the wild, it might resemble its dead. That is on the grounds that sea sunfish are frequently observed lying on their sides close to the sea surface, here and there fluttering their dorsal blades. There are a couple of speculations regarding why sunfish do this; they regularly embrace long, profound makes a plunge cold water looking for their most loved prey,â and may utilize the warm sun at the surface to re-heat themselves and help assimilation. The fish may likewise utilize the warm, oxygen-rich surface water to energize their oxygen stores. Also, they may visit the surface to pull in seabirds from above or cleaner fish from beneath to clean their skin of parasites. A few sources recommend that the fish wave their balances to draw in winged animals. From 2005 to 2008, researchers labeled 31 sea sunfish in the North Atlantic in the principal investigation of its sort. The labeled sunfish invested more energy close to the sea surface during the night than during the day, and they invested additional time in the profound when they were in hotter waters such asà theà Gulf Streamâ and theà Gulf of Mexico. <img information srcset=https://www.thoughtco.com/thmb/WUgsuuFQ-yeolizAaa58YK-PtOM=/300x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-177886706-5bd61b1b46e0fb0026cb2dfb.jpg 300w, https://www.thoughtco.com/thmb/rveoXwgGKYc0ZEgtooDpljc8e98=/600x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-177886706-5bd61b1b46e0fb0026cb2dfb.jpg 600w, https://www.thoughtco.com/thmb/NJEIjRKB9LxJACkBXdYmneLFrxE=/900x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-177886706-5bd61b1b46e0fb0026cb2dfb.jpg 900w, https://www.thoughtco.com/thmb/hBzOfljtpyTkAAW0h0t2ntIxjQ0=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-177886706-5bd61b1b46e0fb0026cb2dfb.jpg 1500w information src=https://www.thoughtco.com/thmb/h8qFyBGCi0aji8dvK_yqL9GP4Ls=/1500x1000/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-177886706-5bd61b1b46e0fb0026cb2dfb.jpg src=//:0 alt=Sunfish, mola, Molidae, Witless Bay Ecological Reserve, Newfoundland, Canada class=lazyload information click-tracked=true information img-lightbox=true information expand=300 id=mntl-sc-square image_1-0-28 information following container=true /> BarrettMacKay/Getty Imagesâ Generation and Offspring Sea sunfish in Japanese waters bring forth in pre-fall through October and likely on numerous occasions. Age at sexual development is surmised at 5ââ¬7 years old, and they bring forth a colossal number of eggs. A sea sunfish was once found with an expected 300 million eggs in her ovary-more than researchers have ever found in anyâ vertebrateâ species. Despite the fact that sunfish produce numerous eggs, the eggs are little and basically dispersed into the water, making their odds of endurance generally little. When an egg is prepared, the incipient organism develops into little spiked hatchlings with a tail. Subsequent to bring forth, the spikes and tail vanish and the child sunfish looks like a little grown-up. The life expectancy of a sea sunfish is as long as 23 years. Protection Status The International Union for Conservation of Nature (IUCN) has recorded the sea sunfish as Vulnerable. As of now, sunfish are not focused for human utilization, yet they are jeopardized by bycatch. Revealed evaluates in California are that 14 percent to 61 percent of the fish got by individuals looking for swordfish is sunfish; in South Africa, they make up 29 to 79 percent of the catch expected for horse mackerel, and in the Mediterranean, a bewildering 70 to 95 percent of the absolute catch for swordfish is, truth be told, sea sunfish. The worldwide populace of sunfish is hard to decide, since they invest such a great amount of energy in profound water, in spite of the fact that labeling has gotten increasingly normal. Sunfish might be a significant piece of the planets changing environment under environmental change: They are among the universes most copious eaters of jellyfish, and a worldwide temperature alteration seems, by all accounts, to be bringing about an upsurge of jellyfish numbers. The greatest common predators of sea sunfish areâ orcasâ andâ sea lions. Sea Sunfish and Humans In spite of their colossal size, sea sunfish are innocuous to people. They move gradually and are likely more scared of us than we are of them. Since they are not viewed as a decent food fish in many spots, their greatest dangers are likely being hit by pontoons and being gotten as bycatch in angling gear. <img information srcset=https://www.thoughtco.com/thmb/10VDWuQnGkue2gTo4AHyjdgUPeg=/300x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-128919900-5bd61fed46e0fb0026cbf981.jpg 300w, https://www.thoughtco.com/thmb/QYnRNskLOHKz1gnWtObrHPkmlZU=/600x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-128919900-5bd61fed46e0fb0026cbf981.jpg 600w, https://www.thoughtco.com/thmb/XjOBegZwG_xiJaxlIQ4fgK5rxSU=/900x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-128919900-5bd61fed46e0fb0026cbf981.jpg 900w, https://www.thought
Saturday, August 22, 2020
The importance of Spanish essays
The significance of Spanish expositions What is the most significant need for understudies today? A large number of them accept that sports and different clubs precede their scholastics. Sports and clubs are both similarly significant yet an understudies primary need ought to be scholastics consistently. Scholastics are the most significant thing in each individual life. How fortunate or unfortunate you do in school tails you for as long as you can remember. On the off chance that it wasnt so significant, it wouldnt be required for everybody to go. Scholastics are implemented first in quite a while life. So as to get into a decent school, you need to excel on your ACT or SAT. So as to excel on these tests, you should focus in secondary school and get passing marks. How well you do these four years in secondary school is additionally something that universities use to decide whether you will be acknowledged into their school. What school an understudy goes to will in some cases figure out what work they will get further down the road. With everything taken into account, scholastics are what will represent the moment of truth a people life. An individual without tutoring will go no place throughout everyday life. An individual who accepts that scholastics are their principle concern ha s the chance to be anything they desire further down the road. Sports are a critical thing for understudies to be engaged with at school. Sports assist understudies with keeping fit as a fiddle, yet additionally assist them with learning deep rooted exercises and make school progressively fun. In sports you learn social aptitudes, something that each individual need throughout everyday life. Competitors need to figure out how to be pioneers, yet additionally realize how to play as a group. Cooperation is one significant advantage got from being on a game. Having the option to help out others is obligatory in practically any occupation. Duty can likewise be instructed through games. Most colleagues in school are taken a gander at as good examples by their companions. They should consistently be settling on mindful choices and do well in all classes. This is the place most competitors get mistook for their needs. They have t ... <!
Friday, August 21, 2020
Blog Archive July 11 Essay Writing Seminar (Live Online)
Blog Archive July 11 Essay Writing Seminar (Live Online) How can you write essays that grab the attention of MBA admissions committees? mbaMission Founder/President, Jeremy Shinewald, will use this simple but often perplexing question as the starting point for a seminar for prospective business school applicants. Attendees will walk through a series of examples, challenging their understanding of the essays themselves. The goal of this seminar is to help you uncover your stories, craft compelling opening statements, develop meaningful goal statements, connect your goals to your target schools resources, and more. There will be a QA session after the presentation and Jeremy will remain online to discuss your personal inquiries. Join us for this valuable event that will be essential to your B-School planning! All attendees of this exclusive event will receive:$100 off any 9-session ManhattanGMAT course Free access to a ManhattanGMAT computer adaptive practice exam Free half hour consultation with an mbaMission consultant Sign up today! Share ThisTweet mbaMission Events
Monday, May 25, 2020
Social Development And Journey Towards Autonomy - 876 Words
In 2009, I decided I wanted to be on birth control, even though I did not fully know my body or complete family history. Soon after, I suffered from a Pulmonary Embolism, a blood clot in my lung. The shortness of breath and severe agonizing chest pains were almost too horrible to bare. My life almost came to a screeching halt. It was then I found out my family suffered from a genetic disorder and my mother realized we needed more open communication. Having open communication with in the family positively influenced our family structure, in ways I could never have imagined. Now I felt safe and secure in asking my mother everything; sex, love, school, whatever it be. Parent and child relationships are a key factor in an adolescencesââ¬â¢ social development and journey towards autonomy. Our textbook, Exploring Lifespan development (Berk, 2010), states that ââ¬Å"teenagers still need guidance and protection from dangerous situations. In diverse ethnic groups and cultures, warm, supp ortive parenting that grants young people freedom to explore while making appropriate demands for maturity fosters autonomy, [â⬠¦] favorable self-esteem, and ease of separation in the transition to collegeâ⬠(p. 329). Open discussion with the family and adequate education are necessary to helping adolescents achieve a high standard of sexual education and autonomy. It is at this point in my life that I met my, now husband, Joseph. Before writing my paper, I put together my video photo collage and afterShow MoreRelatedErik Erikson s Psychosocial Development Theory1518 Words à |à 7 PagesABSTRACT This research paper will show a thorough review of Erik Erikson s Psychosocial Development Theory, specifically the transition from adolescence to adulthood. Psychosocial Development, according to Erik Erikson, is a continuity of crisis throughout our lifespan; these challenges will shape our personality and the way we perceive our surroundings. In addition to this, the different stages mentioned in this Theory complement each other and help us to develop the tools to achieve a sense ofRead MoreSpiritual Formation1595 Words à |à 7 PagesCognitive Development Theory, Eriksonââ¬â¢s Psychosocial Theory, and Kohlbergââ¬â¢s Development of Moral Reasoning Theory. In Piagetââ¬â¢s Theory of Cognitive Development, he develops a theory of cognitive development that occurs in stages from persons under two years of age through age 14. Piagetââ¬â¢s theory relates to the cognitive development of a human person. In Erik Ericksons Theory of Psychosocial Development, Erikson describe s a theory consisting of eight stages of psychosocial development. This isRead MoreThe Period Of A Child s Development864 Words à |à 4 Pageschildââ¬â¢s development is a critical time in their life. Their intellectual, physical, emotional, and social aspects develop during this time and can be easily influenced by those in the present environment. Our class was given the opportunity to observe Micah recorded at 3 years old and then again at 5. In the videos, he had just reached the pre-operational period and how he is fully immersed in it. The major development I noticed during the observations was Micahââ¬â¢s physical and motor development as wellRead MoreErik Erikson s Psychosocial Theory Essay1641 Words à |à 7 PagesErik Eriksonââ¬â¢s psychosocial theory states that we go through 8 developmental stages in life. Erikson states that these stages are necessary in the progression and development of human growth from infancy into adulthood. Each developmental stage presents a crisis that must be resolved during that stage for a healthy development. Erik Eriksonââ¬â¢s psychosocial theory outlines that we develop in psychosocial stages instead of psychosexual ones. I agree with Erikson because one might not get through theRead MoreErik Erikson s Stages Of Psychosocial Development1318 Words à |à 6 Pagesââ¬Å"Who am I?â⬠ââ¬Å"How do I fit into this world?â⬠ââ¬Å"What is life all about?â⬠Are questions that are significant during the teenage years, as adolescents seek to find their place i n the social worldâ⬠(Feldman.2013). During the teenage years, from experience we do seem to try to answer those questions on the daily. Wanting to know are role in society is something that is very important to us at that age because we are getting to the age where we need to start making contributions to the society and to beRead MoreA Teacher Leadership At Lake Oconee Academy1538 Words à |à 7 PagesTeacher leaders and administrators play a vital role in the overall organizational structure of a school. As discussed in Educational Leadership, there are ten roles that teacher leaders tend to gravitate towards. The roles of teacher leaders vary according to duties and responsibilities placed on the teacher leader, they include the following: resource provider, instructional specialist, curriculum specialist, classroom supporter, learning facilitator, mentor, school leader, data coach, catalystRead MoreAnalysis Of The Book Mcadams 1154 Words à |à 5 Pagesin the scientifi c study of human behavior and experience. MacAdams (1985) questions What is identify? He starts by pointing out Erick Erickonââ¬â¢s development concept of the ego identity. He addresses the fifth of eight stages of Erick life spam of the individual development. To understands a little bit about Eriksonââ¬â¢s life and his eight developments of stages. The Erik Eriksonââ¬â¢s was born June 15, 1902, Germany, His mother was Jewish, Karla Abrahamsen and his biological father, who was on unnamedRead MoreA Very Short Introduction By Jonathan Culler1279 Words à |à 6 Pagesmen in this novel. We see her comparison with Mr. Bennett from his inclinations that he adores her most as well as the blunt opinions they both share, as evidence in their equal distaste for the stately Mr. Collins. Elizabeth Bennett is on a journey towards being equalize with the men in this tale. Likewise, E.M. Forster s A Room with A View presents Lucy Honeychurch a girl with a growing awareness of the patriarchal forces at work in her own l ife. Though she is not directly like Elizabeth BennettRead MoreTaking Ownership Of My Learning887 Words à |à 4 PagesTaking ownership of my learning means that, as a learner I do take the driver s seat in the advancement of my educational career. There is greater autonomy at my disposal when I am able to interact with the subject matters being taught to me in more flexible and involved manner. Tools availed to a learner who is in charge of his learning process are quite effective. These include peer reviews, which enable me to get involved with fellow learnersââ¬â¢ work. Particularly, peer review learning greatlyRead MoreEric Eriksons Theory Of Psychosocial Development827 Words à |à 4 Pages Development describes the growth of humans throughout the lifespan, from conception to death. The study of human development helps to understand how and why people change throughout life. This includes all aspects of human growth, including physical, intellectual, language, social and emotional and spiritual development. Development is dynamic, however, the ability to progress to each developmental phase will affect the overall health of the person. Each child is unique and develops at his /her
Thursday, May 14, 2020
Wednesday, May 6, 2020
The Controversy Of Medical Marijuana - 2376 Words
The topic of medical Marijuana brings much controversy when discussing amongst people that are for it or against it. Medical Marijuana has been the heated topic of discussion for the past few years now mainly for itââ¬â¢s medical benefits and the fight to decriminalize the herb. There have been many miracle stories that support the idea of legalizing it for its medicinal purposes. One story that brought much attention to the issue was how the strand, ââ¬ËCharlotteââ¬â¢s Webâ⠢ââ¬â¢, that is increasingly changing many peopleââ¬â¢s lives, became known. Realm of Caring, a 5o1c3 non-profit organization that has been formed to provide a better quality of life for residents of Colorado who are affected by Cancer, MS, HIV/AIDS, Epilepsy, Parkinsonââ¬â¢s, as well as among many other debilitating conditions through the use of concentrated medicinal cannabis oil, is the first of its kind to provide persons who seek this form of alternative therapy and relief at a very low cost (Realm of Caring - About, n.d.). This organization gave Charlotte Figi, a six-year-old girl who is diagnosed with Dravet Syndrome, the chance at life again (Realm of Caring - Charlotte, n.d.). Dravet Syndrome is a form of catastrophic pediatric epilepsy. Charlotte experienced serious cognitive delays, brain damage, and had undergone surgery to have a feeding tube placed for food and water. She also had difficulty with walking and talking and must be cared for at all times. She would suffer from 300 tonic seizures per week,Show MoreRelatedThe Controversy of Medical Marijuana626 Words à |à 2 PagesMarijuana, this plant brings up a lot of controversy. After the legalization of medical marijuana in California, it seems like the legalization is the biggest topic up for debate. Around the world, there are people are against it and many who strongly support the legalization. Personally, I am for the use of medical marijuana. There are more proââ¬â¢s then conââ¬â¢s when it comes to using marijuana as a medicine. This brings up the question, are you for or against the use of medical marijuana? WhenRead MoreMedical Marijuana Legalization and Controversy2129 Words à |à 9 PagesMedical Marijuana Legalization and Controversy Emily Gilbert COM/170 February 15, 2013 Dr. Mary Morriss University of Phoenix Medical Marijuana Legalization and Controversy Legalization of Marijuana has become a controversy in the United States. Medical marijuana has many benefits although recreational marijuana cannot yet be controlled. Many important medical improvements will be gained when marijuana is legal. There will be a time, within the near future, when it is legal federallyRead MoreEssay on Medical Marijuana Should NOT Be Legal For Minors1019 Words à |à 5 Pages With the major and ongoing controversy of the legalization of marijuana, medical marijuana has been thrown into the limelight as an excuse as to why marijuana is ââ¬Å"good.â⬠But with medical marijuanaââ¬â¢s supposed advancements, more and more doctors are prescribing it to anyone who claims to have a headache and now they are moving their clientele base to young children and teens who are not even old enough to know the long-term damage of the ââ¬Å"medicineâ⬠their doctors are so willingly prescribing. WhileRead MoreLegalizing marijuana1092 Words à |à 5 Pagesï » ¿Legalizing Marijuana The issue of legalizing marijuana, also known as Cannabis Sativa, has been controversial for a long time, and has become even more so in recent years. Cannabis Sativa is a plant that has been used for a variety of purposes by many cultures for thousands of years. Not only does the Cannabis Sativa plant produce Marijuana, it also produces Hemp. Hemp was used to make food, clothes, shoes, ropes and paper, making it a very useful cash crop. Legal up until 1937, Marijuana was usedRead MoreThe Miracles of Cannabis Essay example957 Words à |à 4 Pagesadvancements being made in the medical field with cannabis. Cancer patients are finally receiving some relief from nausea, among other symptoms, with this much known and popular drug. Also, our soldiers and veterans returning from the war overseas can get relief from the posttraumatic stress depression they are burdened with on a daily basis. Some even say that if they use it with the onset of a migraine, it prevents the migraine complete ly. Cannabis has more medical value then some people realizeRead MoreMedical Marijuana Should Be Legal1053 Words à |à 5 PagesMedical marijuana, also called cannabis, is used in some places as a medication to treat diseases and symptoms. Many people consider it helpful and harmless making it the most used illicit drug in North America. With legalizing medical marijuana people can alleviate some health problems and help ease physical pain, but it also can bring many concerns, questions, and responsibility. Legalizing cannabis can help many people with their health conditions. There are some advantages to taking medicalRead MoreShould Marijuana Be Legalized?1311 Words à |à 6 PagesCannabis, otherwise known as Marijuana, is illegal in most parts of the world including the United States. However, the drug is now gaining acceptance worldwide as evidenced by the number of countries that are reducing or lifting penalties for possession of small amounts of marijuana. In the United States, there are a growing number of Americans demanding that marijuana be legalized medically. Although the federal government is presently opposed to legalizing marijuana, its legal status is changingRead MoreThe Use of Marijuana for Medicinal Purposes Essay966 Words à |à 4 PagesThe use of marijuana for medicinal purposes has long been at the centre of much controversy. Some studies have shown results that the benefits of using marijuana for medicinal reasons far outweigh the negative health matters that may be associated with its use, and therefore should be an accepted method of treatment for some patients who are suffering with illnesses such as multiple sclerosis, cancer, AIDS, and eating disorders (Okie, 2005). Still, other studies have proven that there is not enoughRead MoreMarijuana Should Be Banned Marijuana944 Words à |à 4 PagesThroughout the history of agriculture, the marijuana plant, also known as cannabis or hemp has been extensively used as a source of medicine, fiber, and intoxicant. In the ancient folklore and writings of China and India, the earliest known descriptions of cannabis are evident. According to historians, marijuana was mostly used a ritual intoxicant and later on, it found significance in folk medicine. The practice of smoking of marijuana has only appeared recently. There has been a lot of literatureRead More The Many Benefits of Medicinal Marijuana Essay827 Words à |à 4 PagesMedicinal Marijuana When the religious leaders of Nicholas Copernicus time excommunicated him for his radical studies, they ignorantly dismissed a brilliant idea. The idea that the earth revolved around the sun inherently brought controversy upon the traditional styles of science. A controversy our leaders need to examine is the medical use of marijuana. Instead of banning marijuana and ignoring the public voice, our representatives need to examine the facts and effects of marijuana for medical
Tuesday, May 5, 2020
Margin Case Of Certain Good And Industries ââ¬Myassignmenthelp.Com
Question: Discuss About The Margin Case Of Certain Good And Industries? Answer: Introduction Business is not a static entity as it goes on changing its operations and behavior according to the need of the system. it changes its policy such as pricing policy, management policy and others to increase the sale of the business and earn maximum revenue. However, while formulating the policy the business requires to analyze the effect on various types of goods it supplies in the market and he perception of the consumer regarding the goods. The profit of an organization differs according to the demand for its products in the marketing. On the other hand, the demand for the product depends on its price as well as other factors. The report discusses the effect of price drop on the demand for various products and its effect on the profit of the organization. It further compares whether a drop in price has same effect on various kinds goods and industry. Interpretation and analysis of Literature Previous literature has given an argumentative discussion about the effect of price drop on the demand of the product and in turn on the total profit of the business. Here are literatures that show that a drop in price need not necessarily increase demand for the product and profit of the firm. According to Hill et al. (2017), a decrease in the price of the product does leads to increase in demand for the product for a short period. This is because slowly in the end, other competitor industry will adjust their product prices and the demand for the product is spread which lowers the sale volume. Thus, in other words it has been stated that with a drop in prices a company will make profit in the short run and its profit margin decreases in the long run. However, it has be further argued by Chen et al. (2017) it is not always necessary that a fall in price for goods will increase the demand for the product and profit for the firm. This is because a market is affected by various factors and variable and in order to estimate the effect of price change in the market it is necessary to analyze the market trend and reaction of the market. Timpson (2017) has put forward similar discussion that fall in price does not always mean that there will be an increase in profit. This is because sometimes a fall in price reduces the value of the product conceived in the mind of the consumers causing a decrease in price rather than demand. However, Maverick (2014) has argued that a decrease in price always means an increase in the profit and sale of the business. The author stated this condition to be true on the condition that market variables are steady. Analyzing the Application of General Principle to Luxury Goods According to the general principle of demand, it is stated that with a fall in price of the good the demand for that good rises in the market. This is turn increase the profit margin of an organization (Mankiw 2014). However, it is seen that there are various good in the market and the importance of those goods to type consumers differ for various factors. The goods preset in the market are luxury goods, Giffen goods, necessity goods, inferior goods and other. The effect on demand due to fall in price differs for these goods. For instance, luxury goods are goods that are consumed by the people as a symbol of status and richness. It is not a necessity for the consumers and hence a fall in price of such good will not affect its demand largely. An example of luxury goods is diamond jewelry that is wore by the consumers to show their status and class. Thus, a decrease in price of diamond jewelry will not encourage people to buy more of that jewelry (Reis 2015). The consumers that wear di amonds will still prefer it even at a high price. This proves that demand for luxury goods does not change with a change in price. Hence, it is seen that for organization selling luxury good, the profit margin does not change even with a drop in prices. This also supports he arguments put forward by Timpson (2017) regarding the conceived value of the goods by the consumers. Application of General Principle Different Goods The law of demand can also be applied on various goods such as Giffen goods, necessity good, substitute goods and normal goods. For Giffen good the law of demand does not apply as it is considered as one of the exception to the law of demand. Giffen good are goods for which the demand falls with a fall in price. This is because Giffen goods are inferior quality goods and are mostly consumed by lower income group people. Thus with a fall in price of these goods, the consumers shifts their demand for some better kinds of goods that has become affordable now (Landi 2015). Thus, for such goods the profit does not increases with a fall in prices. On the other hand, necessity goods are goods without which the consumer cannot think their life. Thus, a fall in prices does not have any effect on the demand for such goods. This is because with a fall in price the consumers accounting consume more of such goods even if it is a necessity. For example, medicine is an example of necessity goods an d thus, medicine business does not enjoy much increase in profit with a drop in price. However, only in case of normal good a business can make profit with an increase in demand due to a fall in price. An example of such goods is clothes, shoes and others. however, there are other factors such as market trend that does reduces the profit margin of such goods to some extent. Application of General Principle on Different Industries The increase in demand for goods with a fall in price also differs across various industries. This is because with a fall in price of some branded company or industry makes the consumer lower the value of their products and thus reducing the demand further (Timpson 2017). For example, most of companies in sport industry are branded and a fall in prices of their products makes the consumers feel that they have lowered the quality of shoes they manufacture. Thus, consumers are forced to cut down the demand for the shoes manufactured by shoes companies. On the other hand, a decrease in price of grocery industry does increase the demand for such goods because people tend to buy more and store it for longer period and causing an increase in profit margin of such industry. This shows that the change in demand with a fall in prices also differs according to the type of industry the company is engaged in. this difference also depends on the thinking of consumers regarding such goods and thei r relation with the price. Moreover, the industry having large number of substitute of its good will not receive an increase in profit for a longer time from a fall in its price as there are competitors that will slowly adjust their prices in the market. For branded goods, consumers have a different mindset and for grocery goods, they have a different mindset causing the differences in demand and profit margin. Differences in Theory Application between Consumer and Business The theory of law of demand applies differently between the consumers and the business. This is because a good for which the consumer thinks is a necessity good and it will not change its demand depending on the price. For the same good, the business might think that a fall in the price of its goods might increase the demand and profit margin. Thus, differences in the application of theory between both the entities are influenced by the perception of the consumers and the businesspersons. Moreover, the differences also arise due to lack of information transfer between the consumers and the producers. a fully informed producer can easily trace the need of the consumer, their trend and the trend of their competitors and work accordingly for earning more profit by decreasing price. Conclusion From the above discussion, it can be deduced that the effect of fall in price and increase in demand on the profit margin of a company depends on various factors such as the type of goods, time span, competitors and the substitute o the goods in the market. Moreover, it also differs according to the information the consumers and the producers conceive about each other in the economy. Thus, from the comparative advantage it is seen that a fall in price does increase the profit of the business that produce normal good and has less number of substitute in the market. However, it is true for some goods and does not apply in goods such as Giffen goods and inferior goods. References Chen, Y., Eshleman, J.D. and Soileau, J.S., 2016. Business Strategy and Auditor Reporting.Auditing: A Journal of Practice Theory,36(2), pp.63-86. Hill, C. W., Schilling, M. A., Jones, G. R. 2017. Strategic Management: An Integrated Approach, Theory Cases. Boston, USA: Cengage Learning. 21, pp 186-191 Landi, M., 2015. A class of symmetric and quadratic utility functions generating Giffen demand.Mathematical Social Sciences,73, pp.50-54. Mankiw, N.G., 2014.Essentials of economics. Cengage learning. Maverick, J. 2014. For a company, is it more important to lower costs or increase revenue? Available at: https://www.investopedia.com/ask/answers/122214/company-it-more-important-lower-costs-or-increase-revenue.asp [15 September 2017]. Reis, E., 2015. Influencing factors on consumer buying bahaviour of luxury goods: a research on the buying behaviour of young consumers in Finland. Timpson, T. 2017. Cutting prices works sometimes, but it is the lazy way to increase sales. The Telegraph. [e-journal]. Available at: https://www.telegraph.co.uk/connect/small-business/cutting-prices-is-the-lazy-way-to-increase-sales/ [15 September 2017].
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