Comparing America’s Economy in the 1920s and the Current Economic Situation Essay Example for Free

Comparing America’s Economy in the 1920s and the Current Economic Situation Essay Few periods in America have influenced the current government structure, size, and economy rather than the â€Å"Roaring Twenties† and the â€Å"Great Depression†. At the beginning of the 1920s, the United States was converting from wartime to peace time economy at the time weapons for World War I were no longer useful. In this decade, America became the richest nation in the world and a culture of consumerism was born. People spent money for better roads, tourism, and holiday resorts. Real estates booms sent land prices soaring (DeLong, 1997). Looking at technology, it played a vital role in delivering the economic and cultural good times that most of America enjoyed during the 1920s. The automobile’s popularity, construction of roads and highways, poured fresh public funds into the economy. This resulted to tremendous economic prosperity. Technology enhanced communication with the first public station being established, KDKA, the year 1922 introduced the first movie made with sound- The Jazz singer. It is in this time that the United States became a modern middle-class economy of radios, consumer appliances, automobiles and suburbs. Mass production had made the United States the richest society the world had ever seen (DeLong, 1997). The economy today seems to negate the glory it received in the 1920s. According to Leonhardt (2010), it produced $ 15 trillion worth of goods and services in 2008 in estimates, making it the largest in the world. The US economy however has shown a downward trend since in 2007, it began to slow significantly mainly because of a real-estate slump and other financial problems that has led the economy into a recession. The recession continued up to early 2009, making it the longest one in decades. August 2009 came with some hope with the Federal Reserve Bank’s policy-making committee saying that they believed the recession was ending. The bank cautioned that the recovery would be slow and there was a possibility that unemployment was to remain high for another year. The year 2010 is seen as the year of severe economic contraction. According to Whitney (2010), reports in the financial media believe that the effects of ongoing credit contraction and the massive injection of the central bank liquidity have prevented the collapse of financial markets. A lot is still to be done in order to leverage households and stimulate the general economic activity. The financial crisis has stripped the economy $ 13 trillion in equity and Americans have grown gloomier about the economy and the nation’s direction over the past few months, although it shows signs of moving to recovery. The country is persistent with high unemployment with ordinary working people continuing to fight to keep their jobs and maintain their standard of living. This is a contrast on what was happening in the 1920s. US had transformed in less than a decade to become the richest Nation in the world. High pay of $5 a day showed the low unemployment rate that existed. Industries were booming with high profits and numerous companies opened their doors to start operations. The US might be the world’s leading economy, but the current unemployment rates, the number of businesses closing their doors as a result of inability to pay their debts and the constraints the government face in order to fully fund the budget requirements are overwhelming. The government, the Fed and the whole economy need to work towards alleviating bottlenecks that cause the economy harm. They need to uphold policies that will see to it that economy does not run to the stagflation condition of the 1970s.

An Overview of Capital Punishment Essay -- Argumentative Persuasive Es

An Overview of Capital Punishment Introduction   Ã‚  Ã‚   Capital punishment is punishment by death for committing a crime.   Since the early 1800's most executions have resulted from convictions for murder.   The death penalty has also been imposed for such serious crimes as armed robbery, kidnapping, rape, and treason.   There is much disagreement about whether or not capital punishment is effective in discouraging crime.      Ã‚  Ã‚   In the early 1990's, 36 states of the United States had laws that permitted the death penalty.   These laws were greatly influenced by a 1972 decision of the Supreme Court of the United States which had banned the death penalty as it was then imposed, describing the carrying out of the death penalty as cruel and unusual punishment.   But the court left open the possibility that the death penalty might be imposed for certain crimes and if it was applied according to clear standards.      Ã‚  Ã‚   After this decision was made, new capital punishment laws were made to satisfy the Supreme Court's requirements.   These laws limit the death penalty to murder and to other specified crimes that result in a person's death.   These crimes include armed robbery, hijacking, and kidnapping.      Ã‚  Ã‚   Many countries, including most European and Latin-American nations, have abolished the death penalty since 1900 - including Canada, which did so in 1976. In the early 1990's, the United States was the only Western industrialized nation where executions still took place.    History      Ã‚  Ã‚  Ã‚   Capital punishment was common among all ancient civilizations.   It was used for a variety of offenses that today aren't crimes at all, like stealing the keys to someone's wi... ...e only two states which use this method are Utah and Idaho.    Conclusion      Ã‚  Ã‚   While writing this essay, I found a lot of different arguments both for and against capital punishment.   After weighing both sides of the issue, I came to the conclusion that capital punishment isn't a good idea.   There are too many risks involved - such as executing an innocent person.   Many people feel that if someone murders another person, then he too deserves to be killed.   But murdering another person won't bring the other one back, and two wrongs don't make a right.   I think it would be worse to spend the rest of your life in a cell than to go through hell for a few minutes but then be over with it forever. Therefore, I think that a good alternative to receiving the death penalty would be a life sentence in prison with no chance of parole.

Reflection Paper Temple Grandin

Temple Grandin Emergence: Labeled Autistic Positive Outcomes Born in 1949, Temple Grandin was first diagnosed with brain damage at the age of three and then, at the age of five, labeled Autistic. Today Temple Grandin, self-labeled as a recovered autistic, is a well-respected doctor in animal science, a professor at Colorado State University, a bestselling author, an autism activist, and a leading consultant to the livestock industry on animal behavior.While it is easily argued that Temple Grandin’s life does not represent the norm for most children with autism, her autobiography, Emergence: Labeled Autistic (1986) offers a powerful picture of the influences and experiences that steered Temple through her journey ‘emerging’ from autism. Considering Temple’s challenging behaviors as a toddler and the norms for the time, it would not have been surprising if Temple’s mother had followed the advice of the doctors and placed Temple into an institution at t he age of three or kept her isolated at home.Instead, her mother provided therapy and activities that kept Temple â€Å"from tuning out and failing to develop† (p. 20). At the age of three, Temple began regular therapy with a speech teacher who â€Å"helped [her] hear the consonants by stretching out and enunciating the consonants† (p. 17). Although the reader only has a glimpse of the challenge it must have been, it is clear that Temple was included in the daily and special activities of her family’s life with little allowances made for her atypical behavior: â€Å"Being a child of the 1950’s was an advantage because of structured Miss Manners meals and lots of turn-taking games kept me tuned in.The family meals and games also taught essential social skills† (p. 20). As Temple grew older, her mother continued to strive for Temple to have a normal life, enrolling her in kindergarten at the age of five, while also taking a proactive role in preventi ng problems before they happened. â€Å"The school I attended was a small private school for normal children. Mother had discussed my problems extensively with the teachers. On the first day of school I was kept home so that the teachers could explain to the other children that I was different† (p. 32).Temple’s mother was consistently an advocate for her; she did not shy away from providing Temple with experiences that would be challenging for Temple, for herself or for others. The summer after third grade, Temple went to sleep away camp. Even though this experience could be labeled a failure, Temple’s mother did not place the blame on Temple; she believed that the poor outcomes were the result of the adults handling the situation ineffectually. â€Å"When Temple is in secure surroundings where she feels love above all, and appreciation, her compulsive behavior dwindles† (p. 2). â€Å"The second problem was the camp personnel’s lack of insightâ₠¬  (p. 55). After graduating from her small elementary school, at the advice of her teachers and therapists, Temple was enrolled in a large private school. When it became clear that this setting was not appropriate for Temple, her mother, once again did not blame Temple. â€Å"I explained and she listened carefully. As usual, she stood up for me† (p. 68). Temple’s mother then took considerable time (and, in likelihood, spent considerable amount of money) to find a school that would be the best match for Temple.With Temple’s input, Temple’s mother selected the Mountain Country School in Vermont. â€Å"The Mountain Country School was started for gifted children like you† (p. 70). The Mountain Country School, as described by Temple, appeared to be an ideal school for children with high-functioning autism even by today’s understanding and standards. The basic philosophy of the school rested upon the principle of permitting students an opportuni ty to achieve what they could in specific areas, while at the same time both academic and personal allowances were made for areas of emotional handicaps (p. 2). There were four essential areas for both the school and the individual: an understanding of an individual’s personal problems and what to do to correct them; mastery of study skills; developing the social skills essential to everyday association; and the competition of everyday living either in or out of school (p. 72). Throughout Temple’s ‘emergence from autism’, Temple’s mother focused on Temple’s strengths and affirmed Temple’s differences and way of looking at the world. In letters to Temple, Mrs. Grandin wrote, â€Å"Be proud you are different.All bright people who have contributed to life have been different and found the path of life lonely. While the joiners and social butterflies flutter about, Temple, you’ll get real things done (p. 124). â€Å"You need symbo ls. You live them. Like a work of art they are a physical expression of what you feel† (p. 125). â€Å"Wanting to grow really loves yourself, loving the best part of yourself† (p. 148). Temple’s mother was not her only champion. While at the Mountain Country School, a teacher, Mr. Carlock emerged as an influential mentor for Temple. Like Temple’s mother, Mr.Carlock â€Å"didn’t see any labels, just the underlying talents† (p. 90). â€Å"He didn’t try to draw [Temple] into his world but came instead into [her] world† (p. 90). Through Mr. Carlock, Temple learnt many social skills. â€Å"He didn’t preach but showed by his own conduct a social perception that I envied and tried to emulate. From him I was learning humanistic values that I lacked because of my autism† (p. 91). Mr. Carlock did not try to force Temple to study material simply because it was the curriculum. Instead he started with where she was and used her interests to connect her to learning. â€Å"We start with you, Temple.If you want to prove your theory, then you’ll have to learn math, read scientific articles in the library, do some research† (p. 107). He realized that fighting Temple’s fixations was futile; instead he â€Å"channeled [her] fixations into constructive projects† (p. 90). These projects benefited Temple in many ways: she learned through creating; she was motivated to learn academics that might help with her projects; she stayed focused and busy which decreased her anxiety and limited her chances of ‘getting into trouble’; and she was productive, raising her worth both in her own eyes and that of her teachers and peers.Like Temple’s mother, Mr. Carlock affirmed Temple’s worth. â€Å"You’re a gifted individual, Temple- much more than any individual with just sex appeal. Your appeal, when you grow up to it, will be not only physical but intellectual, tooà ¢â‚¬  (p. 92). Years later, Mr. Carlock, perhaps unaware of what he is doing, sums up his own successful approach in his preface for Temple’s autobiography, â€Å"†¦there is hope for the autistic child – that deep, constant caring, understanding, acceptance, appropriately high expectations, and support and encouragement for what is best in him will provide a base, from which he can grow to his own potential† (p. ). From a very young age, Temple began to dream about â€Å"a magical device that would provide intense, pleasant pressure stimulation to [her] body. In [her] imagination this wonderful machine would not be a substitute to [her] mother’s hugs, but would be available at any time to soothe [her]† (p. 36). Perhaps due to her high intelligence and the acceptance by the adults around her, Temple was able to hypothesis the similarities of experiences that made her feel better. â€Å"Since I had no magical, comfort device, I wrapped myself in a blanket or got under sofa cushions to satisfy my desire for tactile stimulation.At night, I tucked in the sheets and blankets tightly and then slid in under them. Sometimes I wore cardboard posters like a sandwich board man because I enjoyed the pressure of the boards against my body† (p. 37). Through a lucky twist of fate, during a summer visit to her aunt’s ranch, Temple encounters a cattle squeeze machine; a strongly built stall for holding cattle still to minimize the risk of injury to both the animal and the operator whilst work on the animal is performed. Temple was fascinated by the squeeze machine: she observed over and over that when placed in this machine, the nervous animals calmed down.When Temple climbs into the squeeze machine herself, she finds that it has a similar effect on her own nerves: â€Å"the effect was both stimulating and relaxing at the same time† (p. 95). The magic device, ‘the squeeze machine’ came to play a signific ant role in Temple’s journey. First, it became another project for her to focus constructively on. It also began to give Temple some control over her debilitating anxiety. The device also provided Temple with an incentive as she â€Å"wouldn’t allow [herself] the relaxation/stimulation of the chute until [her] homework was completed† (p. 00). In college, proving the value of the squeeze machine for herself and other individual’s with autism became a purpose for learning skills and subjects that did not come easily to Temple. Eventually, the squeeze machine became a major reason for Temple’s career choice. During her time at Mountain Country School, Temple was able to find spiritual strength in visiting The Crow’s Nest. The Crow’s Nest was a small observation room on the roof where Temple could look out and see the mountains.With the characteristically literal thinking of an individual with autism, Temple had latched on to a Bible read ing she heard at chapel: â€Å"Before each of you there is a door opening into heaven. Open it and be saved† (p. 84). Temple began to search for the door. She finds a little wooden door that opened out onto the roof and to The Crow’s Nest. For Temple, this door, this place became her door to her Heaven where she could feel safe, hopeful and peaceful and was able to explore herself: her past, her present and her future.Temple believed that in going through this little door, in spending time in the Crow’s Nest, she experienced an awakening of her soul and mind (p. 87). The Crow’s Nest became a symbol to Temple that she could move forward, walk through new doors and grow. While most of Temple’s ‘emergence from autism’ took place before research on positive transition outcomes for children with disabilities, it is easy to see that Temple’s experiences demonstrate what research confirms to be true.Positive transition outcomes are mor e likely when parents or other family are involved; when the student has experienced school and community inclusion; the student has input into the goals; the student has had opportunity for employment experiences prior to graduation from secondary school; the student has an appropriate level of social competence; he student has developed skills and talents that are wanted and needed by the employers; the student has self-determination and self-advocacy skills; and the student has postsecondary education.Parent Involvement Temple was blessed with a mother who provided practical and emotional support as well as sourcing appropriate resources for Temple including therapy, a skilled nanny, schools and other experiences that helped Temple develop. Throughout her life other individuals took a personal interest in Temple, acting as mentors and guiding her academically and socially. The affirmation that Temple received from her mother and her mentors fueled Temple’s will to succeed. Experience in School and Community InclusionFrom the beginning Temple’s mother facilitated Temple’s inclusion in school and the community. Temple attended schools for typical children, was expected to participate in family activities, was supported in having friends, learned to swim and ride horses and attended summer camp. When a difficulty arrived, her mother advocated strongly for Temple while accepting Temple’s challenges. And when necessary, Temple’s mother sought out another school and community that was a better match for Temple. Student has Input into GoalsTemple’s teachers and mentors followed Temple’s interests, her fixations, and used these interests to persuade Temple to learn academic skills that did not interest her directly. Her interest in animals leads her to a degree in Animal Science. Temple states in her introduction, â€Å"Successful people with Asperger’s that I see †¦ were able to develop their ‘tal ent’ area into skill that other people appreciate and want† (p. 16). Self-determination and Self-advocacy Skills It is probably that Temple was born with a certain amount of determination to do what she wanted.Although often what she wanted was not what others wanted, this determination was refocused by her mentors into productive goals and projects that took into account what Temple wanted. Postsecondary Education Temple, with the support from both old and new mentors, attended college and graduate school. The college was carefully selected to meet Temple’s needs. â€Å"I will forever bless those who selected a small college for me† (p. 107). Skills and Talents that are wanted and needed by Employers/Opportunity for Employment Experiences From early on Temple was encouraged to create things.Later on she had opportunities to build and repair useful things such as a system to open the gate to her aunt’s ranch from the car. Although details are not gi ven in Emergence, the book suggests that she had responsibilities at Mountain Country School to help with the farm and the horses. During her visit to her aunt’s ranch she is encouraged to try out running different equipment. The summer after high school graduation Temple spends the summer working at her Aunt’s ranch. While at college she works with children with disabilities.Temple herself advocates: â€Å"Develop their talents into skills that can be used in a job or hobby. The goal is to provide them with skills that can give them satisfaction in life through shared interests. Some of the happiest people in the autism spectrum are the ones who have friends that share their special interest† (p 14). Social competence Through opportunity, experiences, role models and guidance from mentors she respected and felt cared for by, Temple was able to learn sufficient social competence to continue her education and hold jobs.Temple Grandin’s book, Emergence, off ers a real life example of how love, support, experiences and appropriate teaching and guidance can allow an individual to overcome her disability. While Temple stands out as an astonishing story of success, where everything that contributed to her positive outcome came together almost as a miracle, educators and parents of children with difficulties can use her experiences combined with the more recent research to plan deliberately to improve positive outcomes for their children.

Analysis Of The Film Django Unchained - 1570 Words

Title: Django Unchained Film Origin Django Unchained originated by the 1966 film Django as Director Quentin Tarantino was writing a novel on Italian Director Sergio Corbucci, who was famously known for making spaghetti western films. Summary of the film Django Unchained is a film that follows the story of Django, who was a slave turned bounty hunter, and Dr. King Schultz, who is a bounty hunter. Schultz purchases Django in order to make him a freeman, due to the information he has about his bounty for Schultz. In return, the only goal Django sets out to achieve is finding and rescuing his wife, Broomhida, after they were separated in a slave deal. Schultz and Django come to find that Broomhida is located at the location of the famous Calvin Candie, who is a cotton-field owner. Schultz and Django then come up with a plan to rescue his wife from Candie. Film’s Genre Drama, Western Possible Themes Slavery, Bounty Hunting, Love, Education, Freedom Title Meaning The meaning behind the title Django Unchained comes from Django himself. With Django being a slave, the movie shows him being â€Å"unchained† because of Schultz, as well as gaining power and intelligence to rescue his wife. Character Development Django had one of the most important character developments in the film because of the change in personality. For example, when first introduced Django is quite. He was not super talkative, but rather acting like a sponge to Schultz. Django trusted Schultz, and for good reason.Show MoreRelatedAnalysis Of The Passing Of Grandison And Quentin Tarantino s Film Django Unchained 1068 Words   |  5 Pagesstory about slavery? Slavery is typically a sensitive and serious topic. In Charles W. 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DjangoRead MoreRelationships, Deception And Conflict In The Movie Django Unchained739 Words   |  3 PagesQuentin Tarantino wrote and directed the Oscar nominee and winner for Django Unchained. This film won the academy award for best supporting actor and best original and best original screenplay. Tarantino is known for his â€Å"unpredictable violent films and first gained fame for his movie Pulp Fiction† (Biography). The movie Django Unchained takes place two years before the Civil War a slave name Django finds himself traveling with an unorthodox German bounty hunter Dr. King Schultz. The relationshipRead MoreDjango Unchained Analysis Essay2230 Words   |  9 PagesDjango Unchained: Communication and Culture The film set in the deep South in 1858, about a slave who gains his freedom with the help of Dr. King Schultz (Christoph Waltz), a German bounty hunter, and sets out to rescue his wife from a brutal Mississippi plantation owner is an intriguing story with very graphic action scenes. The plot of the story begins as Dr. Shultz buys Django (Jamie Foxx), a black slave, from some traveling slave owners. He buys Django because he is chasing a pair of outlawsRead MoreBlack Culture And The Black Experience1943 Words   |  8 Pagesdepends on the source vision†. If one does not experience first-hand they see through another medium which is often film and television. Film is one of the reasons black culture and the black experience is misunderstood and filled with fabricated beliefs. African Americans have been involved in Hollywood films since film earliest forms in the early 20th century. In these early films African Americans was showed in a damaging unpleasant way. African American filmmakers have been are emancipating the

Rapid Rewards at Southwest Airlines - Free Essay Example

Sample details Pages: 6 Words: 1795 Downloads: 5 Date added: 2017/09/17 Category Analytics Essay Type Analytical essay Did you like this example? 1. In my opinion, Southwest should not save low-numbered boarding cards for its most frequent fliers. First of all, that would go against the idea of having simplicity in its operations systems. If Southwest reserved their low number boarding cards for its most frequent fliers, the airline would run into complications with customer seating preferences or disagreements. This would cause the established simple system of Southwest to be ineffective if certain exceptions would be made for frequent fliers. Not only does Southwest stand for simplicity but also egalitarianism. It would be contradictory for Southwest Airlines to stand for equality while at the same time offering preferential treatment to its most frequent fliers. In order to continue to be â€Å"the best short-haul, no-nonsense, low-fills utilitarian airline† Southwest should not implement saving low-numbered boarding cards for their frequent fliers. A tradeoff for this egalitarian mentality is the loss of those frequent fliers who feel that their loyalty should be rewarded for preferential treatment. Airlines that offer first-class and business class seats have the potential to lure away customers who feel that an important requirement to them remaining loyal is to be given first priority in seats. Many customers would rather pay extra in order to get better treatment in compensation for the money they invest in flying frequently. If Southwest begins to reserve low numbers for their frequent fliers, they might end up not only experiencing a decrease in efficiency when it comes to boarding, but complaints from customers who chose Southwest strictly due to their â€Å"first come first serve policy†. . In my opinion, Southwest should allow frequent fliers to take the next available flight with an empty seat versus having these customers wait for the next available flight within the same fare class. My decision is based upon the fact that an empty seat is already a sunk cost, a nd that way frequent fliers could be rewarded for their loyalty without having to go against their egalitarian mindset. It would also be more efficient in the sense that a flight has to depart despite the fact that not all their seats have been sold. Lastly, customers who had missed their flight would not have to wait extra for an appropriate flight which matches their fare, which could in-turn reduce the amount of complaints the airline experiences about restricted fares preventing them in reusing their ticket. If Southwest begins to allow their frequent fliers to go sit in an empty seat, they could gain a competitive advantage against those airlines that impose service charges on top of letting passengers use their ticket on a later flight. 3. Southwest Airlines have a vast amount of sources, which contribute to their competitive advantage. Firstly, Southwest is more affordable because they brand themselves as a short-haul airline. By only offering short-duration flight time s, Southwest Airlines are able to cut many of their service costs, an example being the absence of meals. Southwest chooses to fly to locations with smaller airports, giving them the competitive advantage of reduced congestion, reduced traffic delays and an increased convenience for customers who needed to fly to smaller towns remote from big international airports. All these factors allow Southwest to have the competitive advantage of having the lowest operating expenses per available seat miles. By flying one type of aircraft, Southwest is able to lower training costs for maintenance and flight crews. This gives the airline the competitive advantage of developing an increased knowledge about the technical difficulties that may occur with this specific model of aircraft, along with being able to maximize the utilization of the aircraft. By flying point-to –point as opposed to hubs, Southwest is able to minimize the issue of constantly connecting their flights. This giv es the airline the competitive advantage of needing the use of reservation systems to coordinate smaller cities and hub cities. By framing their operations strategy on how race cars are serviced and fueled, Southwest was able to reduce their turnaround time by 50%, giving them the competitive advantage of having their turnaround time to be 30 minutes faster than the industry average. A â€Å"first come first serve† basis seating system gives the airline a competitive advantage regarding the efficiency of pre-boarding and boarding procedures. This way complications arising in seating are eliminated which allows for quicker departure time. Low-employee turnover has given Southwest the competitive advantage of allowing employees to build a relationship with passengers who fly frequently and saving costs of training programs. In addition, low-employee turnover has given Southwest the competitive advantage of securing a sense of trust with their employees, which increases work productivity by their employees wanting to work harder to the best of their ability and focusing on the shared sense of commitment Southwest enforces in its policy. This allows employees to enhance the overall operation by being able to share responsibilities and functions among one another, giving Southwest the competitive advantage of their employees being multi-functional, which lowers the cost which arises from having to employ people to undertake specific operations. The rapid rewards program gives Southwest the competitive advantage of giving their customers a fueled incentive to continue to fly with Southwest to receive free tickets and flights, which allows them to profit on sales with a smaller chance of seats remaining empty. As the leading airline with the fewest customer complaints, Southwest continues to be the nation’s leading and largest low fare airline, making a net income of 176 while many of its competitors came out in the minuses. 4. The economic imp ortance of frequent fliers can be partly determined by Exhibit 2 Operating Data for 2000. In this table it is evident that Southwest Airlines, compared to some of its rival airlines, is able to operate at a profit, even though the rest of the airlines in Southwest’s category (Alaska, America West, USAir) are at a loss. This might be due to being able to keep their faithful â€Å"frequent fliers† through their Rapid Rewards. Out of America West, American, TWA, Continental, Northwest, US Airways, Alaska, and Delta, Southwest Airlines has outperformed their competition in the number of customer complaints, winning at least two Triple Crown Awards. Using this data, it is evident that Southwest holds their passengers, especially their frequent fliers as their top priority, and after analyzing the data it can be seen that Southwest customers are happy and content with the services received from the airline. Customer loyalty through the frequent flier program is the foc us that Southwest tries to operate under. If Southwest didn’t have frequent fliers, they would have to make up for revenue in another profit area, which would most likely raise ticket prices which would compromise their current operating strategy and the basis on which they were established, which is to be a ‘no frill airline’ Without frequent fliers, they would have to offer more ‘frills’ which would cause operations to be more costly. In my opinion, the frequent flier segment constitutes for those who create profit for Southwest, since hey are the largest group of customers who fly the short-duration flights of Southwest the most frequently. By measuring the number of times versus the number of miles one travels, Southwest Airlines gives passengers greater incentive to become frequent fliers by offering a generous and flexible program. By offering such possibilities as transferring a free ticket to another person and allowing a person to fly for fr ee in the frequent flier program, it can be concluded that Southwest places a high economic importance on their frequent fliers, who is the segment that contributes a significant amount to both revenue and profit. The fact that Southwest is the only airline that has managed to operate with a double digit net income, it can be said that frequent fliers, the largest consumer segment within Southwest, contribute substantially and have great weight on the airline when it comes to their revenue and profit and attribute greatly to the notion of customer loyalty. 5. Service firms, especially those in the hospitality and recreational industries offer tiered or differentiated service to customers. By differentiated or tiered service, it is meant that different levels of service are offered to the customer based on their unique needs and their willingness to pay. With tiered differentiation, firms give higher paying customers precedence over other customers. Tiered or differentiated ser vice allows firms to identify the level of value in the different customer tiers and then correctly match a firm’s capabilities to meet the level of expected customer profitability. Instances where I advocate that firms offer tiered or differentiated service to its customers are industries such as hotel/hospitality, recreational (ex: casino), the airline industry and the night -life industry (ex: clubs). These are all service industries in which it is evident that the customer segments are varied in rank, especially in terms of financial standing. To illustrate with the examples mentioned, may pay extra to receive room service and a hotel suite looking over the city while others pay extra at the casino for a casino host to cater to their needs. For others business and first class flying is worth it to get the detailed service and the comfortable relaxation seating while others choose to pay extra to go VIP at a club because they are secured a table which offers privacy from the rest of the crowd. These are all examples of how value-added benefits are worth of paying the extra bucks to some consumer segments. It is important to treat higher paying customers exclusively and with great attention paid to detail, because these are the customers, which create profit for the firm. If the service is above the minimal treatment and these customer segments see that they are receiving value for their dollar, they tend to return and become loyal to the firm. According to Insurance and Technology â€Å"the rewards of differentiated service flow from first fully understanding where added value can be created and then applying appropriate operational design and technologies to create that value† Therefore the guidelines I propose firms use in making the decision to offer differentiated services is the following: 1. Segment the customers of the firm in regards to their financial standing, the services offered and the added value that is important to each identified segment 2. Based on the results, order the customer segments into categories which identify which customers would be willing to pay more based on the services of the firm which create added-value 3. Create and tailor specific service processes to match the added-value requirements of the firm’s most profitable customer segments 4. Use technologies and operations, which enhance the efficiency of the value-added service processes to ensure quality and consistency Works Cited Discher, Steve. â€Å"Not All Customers Are Equal: The Case for DifferentiatedService†. Customer Insight/Business Intelligence. insurancetech. com. Insurance and Technology. 22 May 2009. Web. 23 Jan 2010. Don’t waste time! Our writers will create an original "Rapid Rewards at Southwest Airlines" essay for you Create order

Negative Influences Of Social Networking Sites On The Youth

Negative Influences of Social Networking Sites on the Youth Research Essay Assignment By: Manish Rathod AC-Communications, Part B-Comm-LL044-F1 Prof. Jon, De Forest November 27, 2014 Introduction Person to person communication is a wonder which has existed since society started and it has developed in the course of recent years. Online social networking have picked up bewildering overall development and ubiquity, in which countless web clients are locked in, both in their relaxation time, and at work. Despite the fact that with time all eras now grasp the progressions online interpersonal interaction has realized, teens and youthful grown-ups are the most devotee clients of these destinations, and subsequently it influences the lives of the adolescent extraordinarily. 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Principles Of Microeconomics A Sample of Economics Solution

Questions: 1. For the pizza seller whose marginal, average variable and average total cost curves are shown in the diagram What is the profit-maximising level of output and how much profit will this producer earn if the price of pizza is $1.18 per slice? 2. Think about the demand for the three popular game consoles: XBox, PS3, and Wii. Using supply and demand diagrams to illustrate your answers, what is the effect on the demand for XBox games or the quantity demanded of XBox games (other things remaining the same) as a result of the following: a. The price of an XBox falls? b. The prices of a PS3 and a Wii fall? c. Programmers who write code for XBox games become more costly to hire? 3. Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour. a. If Kim and Liam spend 30 minutes of each hour producing pies and 30 minutes producing cakes, how many pies and cakes does each of them produce? b. Who has a comparative advantage in producing pies, and in producing cakes? c. If Kim and Liam specialise and trade, what is the highest price of a pie at which Kim and Liam would agree to trade pies and cakes? What are the gains from trade? Answers: 1. Here at quantity 435, the price is greater than average total cost, which implies that the firm is making profit. At quantity 260, the price is just equal to average total cost. Hence the profit maximizing output is 435 slices. PROFIT= Total revenue (TR)-Total Cost (TC) We find FC : TC= 260*1.18=306.8, AVC= 0.69*260=176.8 ... FC= 306.8-176.8= $130 TR FOR 260 SLICES= 1.18*260= 306.8 Profit= 306.8-30.8= 0 Now for 435 slices: TR= P*Q= 1.18*435= $513.3 TC=FC+VC At output 435 slices, average variable cost (AVC) = $0.77/ slice; VC= AVC*Q= 0.77*435= $334.95 Now, TC for 435 slices= 130+334.95= $464.95 Profit= TR-TC= 513.3-464.95= $48.35 Hence we get higher profit for 435 slices, which makes it the profit maximizing output. The firm earns $48.35 profit. 2. (a) If the price of Xbox falls, then the demand for it rises. The demand curve shifts upward from D0 to D1, with rise in equilibrium quantity Q0 to Q1. (b) As prices of PS3 and Wii falls, the demand for Xbox decreases, and D0 shifts downward to D1. Quantity falls from Q0 to Q1. (c) As the programmers become costly to hire, the cost of producing Xbox games increases, which makes producers decrease supply of Xbox games, hence the supply curve shifts from S0 to S1, so the market equilibrium now shifts to E1 with lower equilibrium output and higher prices. 3. (a) Kim produces 20 pies and 200 cakes whereas Liam produces 50 pies and 100 cakes when given 30mins for each. (b) Liam has comparative advantage in producing pies with a lower opportunity cost of 200/100=2 cakes for baking 1 pie compared to Kims 400/40=10 cakes. Whereas Kim has a comparative advantage in baking cakes with lower opportunity cost of 40/400=1/10 pie per cake compared to Liams 100/200=1/2 pie. (c) In trade Liam sells pies to Kim for cakes at a maximum price of 10 cakes per pie, whereas Kim sells cakes to Liam for pies at a price of 0.5 pies per cake. Each trading at their opportunity costs.As the trade takes place, total production of pies and cakes increase which is the gains from trade. References: Mankiw, G 2007, Economics: principles and applications, Cengage learning, New Delhi Varian, H 2010, Intermediate economics, East west press, New Delhi