Pros And Cons Of Tariffs - 1127 Words

Pros and Cons of Tariffs Principles of Macroeconomics Columbia Southern University BBA-2401 Angelo Jones Managing the how goods and services enter or leave this country (import/export) is an important process that allows for us to control the economic status of our nation. Sometimes imposing tariffs on the goods imported balances our labor cost, resources and government supported industry. A tariff by definition is a tax or duty to be paid on a particular class of imports or exports. Economic policy of nations and states, tariffs are tools used to control the flow of goods, services and resources being brought into the country. The overall purpose is to create security for the domestic industry from the imported product. These products can sometimes be less expensive to purchase than the goods being manufactured in the local economy. (McEachern, 2015) The government does this either stimulate or deflate trade with other countries. (Fontinelle, 2012) There are quite a few forms of tariffs that the government may apply based on the condition of the country’s economic welfare. The pros and cons of these forms of tariffs will be reviewed. Discussion on how these tariffs positively or negatively affects the economic stance of the country will be displayed. Tariffs such as the ad valorem, the taxing a percentage of the value of an item and the specific tariff or tax which is a set amount based on weight or sum of items. (McEachern, 2015) The revenue tariffShow MoreRelatedThe Pros And Cons Of Tariffs Essay1628 Words   |  7 PagesPresenting the Pros and Cons of Tariffs An important part of managing the economic status of a nation is to manage the methods in which goods and services are imported and exported into and out of the country. Because of differing resources, labor costs, and government support of industry, fiscal policy sometimes includes placing a tariff on imported goods in an attempt to level the economic playing field. â€Å"Tariff† comes originally from the Arabic word ta’rifah meaning â€Å"to make known.† In a moreRead MoreEssay about Jabwood International881 Words   |  4 Pageshave its pros and cons. Pros First year sales are 10% of the target market. Sales growth is estimated at 100 % in two years. There are no restrictions on mobility of funds. Capital can be 100% foreign. Processed wood products are exempted from import taxes. Government Stability is at 61 which means it is not likely for the country to go unstable. Saudi- Arabia is in the Middle East and it also an Islamic country which Jabwood international is familiar with that market. Cons Tariffs on lumberRead MoreSolution For Contemporary Economic Issues Essay1371 Words   |  6 Pageseconomic globalization. To master these problems, economists adopted two general types of economic theories. The first theory is protectionism, which is a philosophy to protect local markets from foreign competition by putting barriers, such as high tariffs. The second theory is known as trade liberalization. The clue of this theory is to encourage countries to stimulate international trade by reducing restrictions between countries. Today, adopting trade liberalization theory is more practical strategyRead MoreThe Free Trade Agreement Is An Integral Part Of The President s National Export Initiative Goal987 Words   |  4 PagesThe free trade agreement is a pact between two countries or areas in which they both agree to life most or all tariffs, special fees and taxes, and other barriers to trade between the entities. (White, 2015) The main purpose of the free trade agreement is to a llow faster and more businesses between the two countries which is seen to benefit both of them. The United States has free trade agreements with 20 countries. These include 12 bilateral agreements and 2 multilateral agreements. (United StatesRead MoreDiscuss Pros and Cons for Joining the Trans-Pacific Partnership837 Words   |  3 Pages which can lead to long term prosperity for their citizens. In addition to those benefits, many of the tariffs that are enacted in those foreign countries would either be lowered or eliminated, also helping in the process of working towards long term prosperity. Some of the areas of employment that could see these changes most profoundly are the fish and seafood producers. Lowering the tariffs would enable them to have better access to the fish and seafood market in the foreign countries, which isRead MoreInternational Economic Dimensions Of Nutrition Essay1216 Words   |  5 Pagesthe pros and cons of free trade? Food security is defined as when all people at all times have access to safe nutritious food to maintain a healthy and active life (FAO 2003). Therefore, the importance of food security is to the general welfare of the population as a public health and nutrition benefit. Free trade can be defined as a market model in which trade in goods and services between or within countries flow unhindered by government-imposed restrictions such as taxes, duties, tariffs, orRead MoreThe North American Free Trade Agreement1711 Words   |  7 PagesThis paper will discuss four components of the North American Free Trade Agreement: Background, events, pros and cons. Upon the research, you will discover four online articles to provide more detail and examples. This research will indicate how it was developed and the reasoning on why it would benefit the nation. Also, it will provide events that occur after the agreement was signed by congress and the recession the countries experience during the early 2000s. There will be a chart locatedRead MorePros and Cons of the Free Trade Agreements706 Words   |  3 PagesWhile I was on the internet I was researching for the pros and cons of The Free Trade Agreements, and this is what I found: It seems to be a split betwe en the democrats and the republicans. Pros Some believe that the Free trade will increase sales and profit for the US business. I still think this is up in the air. I don’t feel the economy is up, but is it better? They also said that the Free trade will create us jobs for the middle class over a long term, but I also know that there are still a lotRead MorePros and Cons of Nafta Essay1568 Words   |  7 PagesPros and cons of NAFTA NAFTA, the North American Free Trade Agreement, has been getting a lot of not so favorable, and sometimes, controversial headlines in recent years. Some critics blame it for the current labor shortages in the United States, due to the fact that most U.S. companies have been and continue to outsource and ship jobs overseas. However, its proponents have been hailing it as a great success in helping lowering national prices on certain manufactured goods and services andRead MoreCentral America Free Trade Agreement1242 Words   |  5 Pagesagreement with lower tariffs, but to create a free trade area. CAFTA has been compared to NAFTA in many similarities in the areas that they encompass. Though it is speculated that CAFTA-DR is the stepping-stone to reaching the FTAA. The FTAA will include such countries as all of the South American and Caribbean nations, as well as, North America and Mexico, also excluding Cuba. (wiki) With reaching this agreement between the countries to lower tariffs on US products it removed tariffs on 80% of US exported

Operations Management of Mcdonald’s - 3650 Words

Table of Contents The purpose of this report is to analysis how the Value Chain management of McDonald’s contribute to the success of the business and identify the environmental impacts of McDonald’s operations and the ethical issues of McDonald’s supply chain management. 1. Introduction 1.1 McDonald’s History 1.2 McDonald’s Mission 1.3 McDonalds Values 2. Value Chain 2.1Value chain of McDonald’s Restaurants 2.2 Primary Activities 2.2.1 Inbound Logistics-Low Cost 2.2.2 Operations-Fast Service 2.2.3 The Process 2.2.4 Outbound Logistics-Consistent quality 2.2.5 Greater Value than it worths 2.2.6 Marketing and Sales 2.2.7 Services 2.3 Support Activities 2.3.1 Firm Infrastructure 2.3.2 Environment Friendly 2.3.3 Human†¦show more content†¦Strive continually to improve, aims to anticipate and respond to changing customer, employee and system needs through constant evolution and innovation. 2. Value Chain 2.1 Value chain of McDonald’s Restaurants According to Porter (1985), the value chain model is made up of primary and support activities. The primary activities has 5 components included: Inbound Logistics, Operations, Outbound Logistics, Marketing Sales and Service. The support activities has 4 components included: Firm infrastructure, Human Resource Management, Technology Development and Procurement. Thus, what are the key activities which influent most to the creation of customer value from the value chain management of McDonald’s Restaurants? According to Collier, Evans (2011) mentioned, low cost and fast service are the core competencies of McDonald. According to Hill, Jones (2012) mentioned, McDonald’s success was grounded in a simple formula that is give the customers value for money, quick service and consistent quality in a clean environment. From the above, we learnt that low cost, fast service, value for money and consistent quality are the key activities contribute more strongly to the creation of customer value. 2.2 Primary Activities 2.2.1 Inbound Logistics Low cost McDonald’s purchases ingredients from its fixed global suppliers only, therefore by increasing capital and labor, their production will increase proportionately. Low food cost, with the global supplyShow MoreRelatedOperations Management at McDonalds2472 Words   |  10 PagesOperations Management at McDonalds: McDonalds Corporation is renowned across the globe as the leading and largest chain of fast-food restaurants. Since its inception in the 1940s by siblings Mac and Dick McDonald, the firm has continued to grow and develop to its current state. The corporation has adopted a number of operations that are linked to its overall strategy in all its restaurants across the globe. One of the major factors that have contributed to its success in the global fast foodsRead MoreMcdonalds Production and Operations Management1038 Words   |  5 PagesMcdonald’s Use of Teams in Production and Operations Management Introduction Strategies are important for all businesses, regardless of the products or services that they offer. Through strategic management and operations, companies are able to integrate new and effective means of running their respective businesses. In turn, these strategies results in an increased profit of sales, stable market position and greater levels of customer loyalty. In the fast food industry, businesses such asRead MoreOperation Management and Productivity at McDonalds1004 Words   |  4 Pagesthe effective management of operations in any given firm cannot be overstated. In basic terms, operations management can be said to be that process in which inputs are transformed into outputs in an efficient way with an aim of satisfying consumers. With that in mind, operations management as a management function can be said to be the core of any given business. In this text, I concern myself with the nature of operations management and productivity with a special emphasis on McDonalds Cor porationRead MoreMcDonalds Production and Operations Management902 Words   |  4 PagesMcDonalds Production or Operations Management: Total Quality Management (TQM) is a combination of fourteen principles that were developed by Dr. W. Edwards Deming for production and operations management. One of these major principles is the need to work in teams through breaking down barriers between staff and department areas. The use of teams in production and operations management requires workers in different areas like maintenance, leasing, and administration must work in teams to deal withRead MoreMcdonalds Operations Management Essay1145 Words   |  5 Pagesand time in the operation management department of the business. This report will focus on the business, McDonald’s and what practices they have put in place to ensure that they are producing their products efficiently and sustainably. The business will also be compared and contrasted alongside the American fast-food restaurant chain famous for its fried chicken, providing recommendations on how McDonald’s could further improve their business in the ar ea of waste and time management.  Business BackgroundRead MoreAnalysis of McDonalds Operation Management606 Words   |  2 PagesMcDonalds Operations Management: McDonalds Corporation had developed to become the leading fast-food chain of restaurants since its inception to the extent that it serves more than 47 million customers across the globe on a daily basis. The corporation is the largest global food-service retailer since it has over 30,000 local restaurants that serve approximately 52 million people in over 100 countries every day. One of the critical factors attributed to the success of McDonalds global businessRead MoreScientific Management in Mcdonalds Operation1820 Words   |  8 Pagesabout scientific management in McDonald’s operation, I believe the largest fast food McDonald’s is the most successful model on scientific management. Scientific management is a branch of classical approach; Taylor said scientific management is standardisation which means people in organization should be uniformed by company rules or policy which are some written documents. Scientific management is a very important part in management a rea, since look at the history of management. People are livingRead MoreOperations Management - Planning Control in Mcdonalds Essay2386 Words   |  10 PagesOperations Management amp; Decision Making – Planning And Control Assignment The organisation I have chosen to examine from an operations management and decision making standpoint is McDonald’s, a worldwide chain of fast food restaurants, which are run either by a franchise, an affiliate or by the corporation itself. There are over 31,000 branches of McDonald’s worldwide1. It is estimated these restaurants serve a collective 47 million customers daily2. The restaurants mainly sell customers traditionalRead MoreOperations Management: McDonalds Supply Chain737 Words   |  3 Pagesto ensure quality and increased efficiency will help to ensure costs are controlled. In some cases the company may make loans or even take equity in upstream suppliers. A good example of supply chain collaboration was seen when the firm started operations in India. There were no local suppliers growing iceberg lettuces, the company worked with some supplier to create a year round supply, aiding with seeds, equipment and relevant agricultural knowledge. The tier 2 suppliers originate the inputsRead MoreEssay about Operations Management: McDonalds Competitive Advantage3016 Words   |  13 PagesAbout McDonald’s 4 Process of McDonalds 4 Operations management 5 Operations managers 5 Operation strategy of McDonald’s 5 Pricing strategies of McDonalds 6 Innovation at McDonalds to improve operations and services 7 Inventory management 8 The Just-in-Time (JIT) Approach 9 Just- in-Time (JIT) Approach in McDonald’s 9 Advantages and benefits of JIT approach 10 Capacity management 11 Capacity strategies 11 McDonalds capacity strategy 11 Quality management 12 Quality management strategies

Project Management Professional A Deluxe -Myassignmenthelp.Com

Question: Discuss About The Project Management Professional A Deluxe? Answer: Introduction This report depicts the importance of developing proper project initiation, planning and execution plan so that any project could be implemented within the estimated budget and cost as well. The purpose of the report is to develop the project initiation, planning and execution details. However, the main purpose is to develop a proper project initiation, planning and execution plan for Jeff and Kelly so that could implement their shifting plan successfully within estimated time phase. The date of Jeffs joining was decided to be 5th February thus they have to shift to their new flat before 5th February. They have decided to complete their entire shifting within 28th January. In order to accomplish the shifting project the project head should divide the activities according to the project requirement. The phases those are needed to be maintained by the project manager include project initiation, planning and execution. In the initial phase Jeff and Kelly have decided certain activities, however in order to accomplish the entire shifting it is necessary to modify some of the activities. The need for project schedule changes and the updated or revised milestone are also elaborated in this report. The project status detailing completion slips and delays From the project background the details of dates and time span, needed to commence and complete the entire shifting project, are estimated easily by the project head. With the help of the project schedule the project manager will be able to complete the shifting within estimated time and cost. Jeff has to report to the new job designation on 5th February,2018 and thus they have to complete the entire shifting before 27th January though they have time for shifting up to 4th February, 2018. They have to vacate their existing house within 20th January and thus Jeff and Kelly have to stay in a hotel room for the rest of the days up to 5th February, 2018 as they do not have any relative in Sunshine Coast. For this particular project the phases those have been considered include Shifting initiation In the project shifting initiation phase, Jeff and Kelly are needed to consider all the process and procedures accurately. Based on the changes project activity dates and time span are needed to be measured by the project manager so that the project could be completed within the estimated budget and time as well. They have to shift to Perth with two children and their dog. They have to talk to the transport company (both the movers and packers) so that they could easily transfer their vehicles to the new place. They have hired the transportation company to move their vehicles according to the requirement. The transportation company is responsible to move two of their cars to the new place with proper security. Planning for shifting and packing In this particular phase the project head is needed to plan for the relevant shifting and packing processes. In order to accomplish the entire shifting proper time schedule and budget is needed to be estimated by the project head. For shifting the cars and large furniture securely without any damage proper packing is also needed to be done by the project manager. Project preparation The considered background scenario of the project is about the room shifting of Kelly and Jeff with their two children and dog from sunshine coast to Perth. Mainly the shifting is required to be done by Jeff due to the promotion as a marketing director interstate. In this phase, proper budget and time schedule are also required to be estimated by the Kelly and Jeff. Implementation of shifting plan In order to implement the shifting plan Jeff and Kelly are needed to consider all the necessary activities. Even the already planned activities should also be modified according to the project needs. Project closure In the project closure phase, Jeff and Kelly are needed to understand each of the activities associated to the project. It would help them to enhance the safety, functionality and economy altogether. Implication of the project changes Before implementation of house shifting project proper packers and movers are needed to be hired by Kelly and Jeff. Among these different activities, some activities are modified in the current room shifting project. The project activities are implemented for the house shifting project so that they could obtain the followings: To reduce the rate of failure To eliminate confusion To make the changes faster To implement the changes accordingly Changes incorporate to the project schedule In order to complete the project implication of different changes are needed to be implemented by Kelly and Jeff. It is their responsibility to accomplish the task within estimated time and budget as well. The modified activity list and responsible person are as follows: Gantt chart WBS Task Name Duration Start Finish Predecessors Resource Names 1 Project initiation 28 days Mon 2/12/18 Wed 3/21/18 1.1 Estimation of time for house shifting 8 days Mon 2/12/18 Wed 2/21/18 Jeff 1.2 Budget estimation 4 days Thu 2/22/18 Tue 2/27/18 2 Kelly 1.3 Project planning 6 days Wed 2/28/18 Wed 3/7/18 3 both Kelly and Jeff 1.4 List of items to be shifted 3 days Thu 3/8/18 Mon 3/12/18 4 Jeff 1.5 Hiring transportation company 7 days Tue 3/13/18 Wed 3/21/18 5 Jeff 2 Planning for packing furniture 9 days Tue 3/13/18 Fri 3/23/18 2.1 Planning for packing cars 2 days Tue 3/13/18 Wed 3/14/18 5 both Kelly and Jeff 2.2 Hotel booking 4 days Thu 3/15/18 Tue 3/20/18 8 both Kelly and Jeff 2.3 Elimination of unwanted stuffs 2 days Wed 3/21/18 Thu 3/22/18 9 Kelly 2.4 Payment approach development 3 days Wed 3/21/18 Fri 3/23/18 9 both Kelly and Jeff 3 Project preparation 19 days Fri 3/23/18 Wed 4/18/18 3.1 Labeling the important item to avoid loss and damage 4 days Fri 3/23/18 Wed 3/28/18 10 Jeff 3.2 Application drafting 5 days Thu 3/29/18 Wed 4/4/18 13 Jeff 3.3 Pending utility clearances 3 days Thu 3/29/18 Mon 4/2/18 11,13 Kelly 3.4 Shifting project implementation 4 days Thu 4/5/18 Tue 4/10/18 14 Jeff 3.5 Utility subscription cancelation 6 days Tue 4/3/18 Tue 4/10/18 15 both Kelly and Jeff 3.6 House cleaning 4 days Wed 4/11/18 Mon 4/16/18 16 Jeff 3.7 Partial payment 2 days Wed 4/11/18 Thu 4/12/18 16 both Kelly and Jeff 3.8 Cars transport 3 days Wed 4/11/18 Fri 4/13/18 16,17 Kelly 3.9 Payment completion 2 days Tue 4/17/18 Wed 4/18/18 18 Jeff 4 Project closure 4 days Thu 4/19/18 Tue 4/24/18 4.1 Final date considerate for complete shifting 2 days Thu 4/19/18 Fri 4/20/18 21 both Kelly and Jeff 4.2 End of shifting 2 days Mon 4/23/18 Tue 4/24/18 23 both Kelly and Jeff Personal reflection on the process I have realized that the time estimated for the house shifting is very limited and within that limited time phase it is difficult to accomplish the entire task securely. Before planning and implementing the project the project activities are needed to be understood accurately by Kelly and Jeff. For this particular project triple project constraints have been selected including time, budget and scope. They should leave their current house within 20th January and must complete the shift within 27th January. On the other hand the total budget estimated for the project is $5000. I have also learned that, based on the project budget, some of the project activities are needed to be modified rather should be done simultaneously. Conclusion From the overall discussion it can be concluded that, in order to accomplish the shifting project it is necessary for the project head to consider three basic project phases in terms of initiation, planning and execution. For this particular shifting Jeff and Kelly both are responsible to develop the project schedule and activities. It is expected that, if all of these steps are maintained accurately by both Jeff and Kelly, then the project will be completed within estimated time and project budget as well. As Jeff is currently posted as a marketing director thus they have to change their current location. After detailing the project report, the completion, slips and delay details are also elaborated accurately. The reasons for which the changes are found to be necessary to implemented are also elaborated in this report. Apart from this, the details of adjustment, incorporated to the project schedule and need for the modification are demonstrated in this report. From the entire proje ct discussion it has been found that, if all of these aspects are followed accurately by the project manager, then the project will be completed within estimated budget and cost as well. References Alzahrani, J.I. and Emsley, M.W., 2013. The impact of contractors attributes on construction project success: A post construction evaluation.International Journal of Project Management,31(2), pp.313-322. Batselier, J. and Vanhoucke, M., 2015. Construction and evaluation framework for a real-life project database.International Journal of Project Management,33(3), pp.697-710. Bryde, D., Broquetas, M. and Volm, J.M., 2013. The project benefits of building information modelling (BIM).International journal of project management,31(7), pp.971-980. Chen, L. and Luo, H., 2014. A BIM-based construction quality management model and its applications.Automation in construction,46, pp.64-73. Dallasega, P., Frosolini, E. and Matt, D.T., 2016. An approach supporting Real-Time Project Management in Plant Building and the Construction Industry.Proceedings of the XXI Summer School Francesco Turco, Naples, Italy, pp.13-15. Deng, X., Pheng, L.S. and Zhao, X., 2014. Project system vulnerability to political risks in international construction projects: The case of Chinese contractors. Project Management Journal, 45(2), pp.20-33. Eadie, R., Browne, M., Odeyinka, H., McKeown, C. and McNiff, S., 2013. BIM implementation throughout the UK construction project lifecycle: An analysis.Automation in Construction,36, pp.145-151. Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute. Heldman, K., 2015.PMP project management professional exam deluxe study guide: updated for the 2015 Exam. John Wiley Sons. Hu, Y., Chan, A.P., Le, Y. and Jin, R.Z., 2013. From construction megaproject management to complex project management: Bibliographic analysis.Journal of management in engineering,31(4), p.04014052. Hughes, W., Champion, R. and Murdoch, J., 2015.Construction contracts: law and management. Routledge. Pemsel, S. and Wiewiora, A., 2013. Project management office a knowledge broker in project-based organisations.International Journal of Project Management,31(1), pp.31-42.

Legacy From The Middle Ages Essays - Education, Crafts, Guild

Legacy from the Middle ages Many cultural advancements were made during the Dark Ages which lasted between 500AD and 1000AD. Culture can be divided into five distinct categories such as religion/philosophy, government, science, art/architecture and language/literature. During the Middle ages, there was a great advancement in theology and many of todays finest universities were built such as the Oxford University and some others in Paris and Rome. In the early 20th century, many other universities were built using the First universities as a base. Oxford University still exists, as one of the most respected school in the world. There were also a lot of religious conflicts mainly between Muslims and Christians over the possession of Constantinople. Although the crusades were overall a failure, historians believe that is was the most important failure in history as it broke off Feudalism and changed peoples thinking. In government, there was a significant change when in 1215, Magna Carta was signed, stating that not even the King is above the law. This period of time can also be seen as the beginning of true representative government which almost every system of government is based upon today. Guilds were also established in this period. They were groups of people with the same skills. They met to control the economy by changing the price, quantity and quality. There are more of these guilds today, as different associations which control the price of raw materials. The guilds in the Dark ages gave more power to ordinary workers and helped the representative government. Although not many scientific discoveries were made during the Middle ages, the study of alchemy helped later scientist to find scientific facts about each element and its usage. In architecture the Romanesque style was perfected through churches, which was later dominated by the Gothic style, which became the international mode of building in the future. In paintings, more detail was given to the emotional side and to nature. Reading and writing became a very common skill as for the first time in the vernacular languages, written work was made public for leisure. Many writings dealt with the complexity of life and with romance. A lot of the cultural advancements established during the Middle ages can be seen today, often as the base of our culture. Many things changed during the Dark ages and that is why it is considered one of the most important period of time in History