Some Good Marketing Funda Essay Example for Free

Some Good Marketing Funda Essay Some good marketing Funda! you can find much more at the link provided in the end.. Do read.. Marketing GD me mast points hai bolneko! When we think of marketing, we often think of Marketings efforts to acquire customers. The world, however, is moving toward relationship-based business, including subscription services and subscription commerce—but also most other business. Consider consumer packaged goods companies that used to have no direct relationship with customers, who bought in box stores. Many CPG companies are now using online and social mediums to build direct relationships with their customers. In this world, customer retention is just as important as customer acquisition. So how do the 7 Ps of marketing apply to customer retention marketing? 1. People are the most important. Retaining customers is about building relationships, and relationships are about people. Treat your customer as a person, and not a customer; start by hiring people who show they care about others. Compare how you behave driving in rush-hour traffic with how you drive down your own street past your neighbors. When you know you will see people again, or if you want to see them again, you treat them better. The whole company needs to care about customers and customer retention, and one executive must be responsible to ensure thats so—hence the rise of the chief customer officer. 2. Product is a very close second in importance to People. If your product is off, you will have a difficult time with the rest of the Ps. However, if the product is on target, you will accomplish the rest of the Ps much more easily. When designing your product or service for maximum customer retention, provide quick time to value, continued value over time, and high quality (those are what Apple does so well). Sometimes there is another P: Packaging. I include packaging as part of the product (or service), and the key to it is polish. 3. Place obviously matters when you are figuring out where to put your physical store, but what about when youre online? Does it matter there? Yes. If I am looking to communicate with my customer and offer them an upsell, I could send them an email or message them right while they are shopping, browsing, or working on my site. The first communication is out of context and has a low chance of response. The second is in context and has a higher likelihood of response. â€Å"Place† is context, and context matters. 4. Price. In any good relationship, people take care of each other. That is now the expectation in the customer-business relationship as well. Our customers assume that we will look after them. That is what they pay us to do. In an e-commerce business, that sort of relationship means providing deals for our recurring customers. In a subscription business, that means rolling new features (some, not all) into the service, over time, without charging more. 5. Promotion. How should you promote your product or service to customers to retain them, upsell to them and keep them for the long haul? Quite differently from how you promote to a prospective customer. Why? Because the person is your customer. You know, or should know, him or her. You know what the customer bought from you or how he or she uses your service. You can use that information to message customers in a more targeted, appropriate, helpful, and effective way. Dont spam them with the same generic info you send to everyone else. Send them targeted emails and in-context messages. 6. Processes. To succeed in all of the previous Ps, and for this success to be more than a one-time fluke, you need good processes, such as monitoring social media and engaging customers there, surveying customers for satisfaction, and implementing marketing automation. My company uses its own customer engagement solution to understand how each customer is engaging with the business. We look for positive or negative patterns and respond accordingly, sometimes by person or email but often right in our application with a targeted message based on behavior. 7. Positioning. If you want to retain your customers, you have to know who you are and communicate that clearly and repeatedly to them so they know who you are as well. Foremost, however, is this: Your actions must communicate your positioning. Those actions are showcased in the people you hire, the product you ship or service you deliver, the price you charge and the discounts you provide, the place and promotions you choose, and the processes you put in place. Combined, your words and actions say This is who we are and what you can expect of us. By acting on the 7 Ps of Customer Retention Marketing, you can keep your customers; make their interactions with your business successful; and in so doing make your business more successful.

Caviar Essays -- essays research papers

Caviar Settlers of America discovered sturgeon to be the most prolific fish of the North American continent. In the beginning of 19th century, the United States was the major producer of caviar in the world and produced 90% of the world's caviar. The American caviar industry got started when Henry Schacht, a German immigrant, opened a business catching sturgeon on the Delaware River. He treated his caviar with German salt and exported a great deal of it to Europe. At around the same time, sturgeon was fished from the Columbia River on the west coast. At one time, caviar was so common in America. It was served in saloons to encourage thirsty drinkers. Hudson River sturgeons were so plentiful that the flesh was referred to as "Albany beef." A nickel could get you a serving of the best caviar available in New York, and many of the most lavish establishments, including the Waldorf Astoria, offered free-flowing caviar as an amuse-bouche opening to an elegant meal. Caviar was also a common food in California during the gold rush days. Recently, the United States has made a strong comeback in caviar production. The U.S. Goverment says that the roe of sturgeon may be called simply "Caviar," whereas the roe of other fish can be called "Caviar" only if the name of the fish comes first. The following is a descriptive list of caviars made from American fresh water fish: American Sturgeon - Sturgeon resemble a prehistoric creature, but they are actually t...

Albatross Unit 3 Assignment

Introduction This case mainly deals with the varying types of operational challenges that Albatross Anchor is currently facing. The pricing is not a major issue for the organization and it is able to sell its products at a consistent market rate; however it is unable to realise its full profit potential due to the presence of a lot of operational inefficiencies. It is evident that if the firm is able to overcome all of these challenges, it can make the same level of profits as that of their competitors and can also facilitate their future growth exponentially. We have also analyzed two possible options which can be implemented and have assessed of which may be the most viable option for the company. We have also reached on a conclusion regarding the benefits the company can reap by implementing the strategies in their operational management plan. Question One Based on the information presented in the scenario/case study discuss Albatross Anchor’s competitiveness in relation to (please address all items in the below list and provide support for your conclusions): 1. Cost ) Cost of Production: Due to the presence of operational inefficiencies, Albatross Anchor is unable to reduce their costs as a result of which they have a lower profit margin. Therefore, they have a cost of production disadvantage as compared to their competitors. b) Economies of Scale in material purchasing: They can enjoy Economies of Scale when it comes to purchasing materials. Buying in bulk means they can get discounts from the suppliers on their purchase. c) Co st of Raw Materials Sitting Idle in the Warehouse: The increased amount of goods stored in the warehouse means that Albatross Anchor also needs to incur higher amounts of holding costs of storing the large amounts of inventory. Holding costs refers to the cost of carrying an inventory and may include costs such as, depreciation, deterioration, spoilage, taxes and insurance to name a few. d) Cost of Finished Goods Sitting Idle in the Warehouse: For the international orders the inventory of finished goods stays in the inventory along with the raw materials since the production is only done in small batches. This ultimately increases the holding cost for both the finished goods as well as the raw materials. 2. Speed of manufacturing process from order to finished product. Since the products are produced in limited quantities all the raw materials can be used more effectively. This also reduces the number of complexities during the manufacturing process. Currently their production is strictly dependent on the amount of demand for their products. 3. Flexibility in filling order(s) The manufacturing process is very constrained and is not flexible enough to house the smooth production of two different types of products. Each individual type of anchor requires their exclusive set of manufacturing line and therefore the time required to switch from one mode to another manufacturing mode requires 36 hours; which is quite a long time. 4. Technology The manufacturing process is deprived of new technology, making the process even more painstakingly slow. They are still using the traditional methods of making the anchors. 5. Capacity and facilities The current plan of their facilities is clearly insufficient for managing their operations smoothly. The space for storing the finished goods and the raw materials is located towards the far south of the entire facility and it takes a considerable amount of time and effort to ship the finish goods from there. If the manufacturing area is moved closer to the shipping area; it will save considerable amount of time in shipping these finished products. The foundry is not a part of the manufacturing department which further impairs the smooth flow of work in the production process. If the foundry is moved towards the manufacturing process it may increase the firm’s ability to cater to international orders more quickly. For having a mixed model of manufacturing process the Focused Factory process can be used. The Focused Factory aims for a narrow range of products and processes; as a result these factories are also small and quite simple and focus on only one or two products. 6. Service to customers Currently Albatross Anchors only sell their products through OEM customers and to the distributors. Apart from this, their products are of superior quality and are available to the customers in two varied forms. This not only gives Albatross Anchors greater choice, but also ensures that it leads to greater customer satisfaction. However, due to its current operational management procedures it is unable to reap the benefits of it as compared to their competitors. Question Two There are many ways that mushroom/bell anchors may be manufactured. Albatross Anchor is considering two new manufacturing processes (Process A and Process B) to reduce costs. Analysis of the information below will help determine which process has the lowest breakeven point (this validates the process is more cost effective). For each process the following fixed costs and variable costs are identified below: Anchor and Process| Process A| Process B| Sale price per anchor| $45. 00| $45. 00| Total Fixed cost | $ 650,000. 00| $950,000. 00| Variable cost per anchor| $ 36. 00| $ 29. 99| Based on the information in the table above complete the table below: Anchor and Process| Process A| Process B| (a) Fixed costs per anchor|   $9| $15. 01  | (b) The total number of anchors to attainbreak–even point for Process A and Process B|   72,222 units|   63,291 units| (c) Based on your calculations which Process (A or B) that you would recommend for adoption (you can select only one). Please make sure to explain how you arrived at your conclusion. Ans. (a)   At Break Even Point: Total revenue = Total cost i. e. p*x = v*x + F                        where, p = Sales Price per Anchor v = Variable Cost per Anchor                                       F = Total fixed Cost x = Total Anchors to be manufactured for Break Even. Since, p*x = v*x + F => (p-v)*x = F => (p-v) = F/x i. e. (p-v) = Total fixed cost per Anchor Now             Total fixed cost per anchor for Process A = (pA -vA) = (45-36) = $9 per Anchor                        Total fixed cost per anchor for Process B = (pB  -vB) = (45-29. 99) = $15. 01 per Anchor Ans. b)   (p-v)*x = F =>          x = F/(p-v)                                 Number of units to be manufactured at break even For Process A: xA = FA/(pA-vA) = 650,000/ (45-36) = 72,222. 22  ? 72,222 units to be manufactured at break even. For Process B: xB  =  FB/(pB-vB) = 950,000/ (45-29. 99) = 63,291. 14  ? 6 3,291 units to be manufactured at break even. Ans. (c)  Process B should be adopted for two reasons: (1) The break-even point for process B is 63291 units which is less than that                                 of process A at 72,222 units, so process B is more cost effective. 2) Process B is also better than Process A in terms of the Operating leverage which can be defined as the change in net income per unit increase in sales volume. Mathematically, operating leverage can be written as follows:                            Operating Leverage = F/(vx*)   where x*  is units to be manufactured at Break Even point. Operating leverage for process A = 650,000/(36*72222) = 0. 25                Operating leverage for process B = 950,000/(29. 99*63291) = 0. 5                Therefore the process B is also better in terms of the operating leverage as opposed to process A. Conclusion Although Albatross Anchors produces only two types of products; it has huge growth potential which still remains untapped. They can surely achieve more than their current growth rate. They can also undertake other important initiatives which can significantly increase their competitiveness. For instance, product diversification, improved operational processes, and greater employee satisfaction may all contribute in increasing their success in marketplace and further fuel their productivity. As clearly evident from the calculations, implementation of process B in the company can prove to be quite fruitful.

St. Augustine s Confessions - 1607 Words

Saint Augustine’s â€Å"Confessions† is an extremely important book, not only for the reason it is the very first, or one of the first spiritual biographies, but because Augustine was and continues to be one of the most important Christian theologians in history. His biography reflects his views on Christian scripture and theology as well as his personal journey on how he came to be a part of the Christian faith. Some noteworthy parts of his biography are; how he becomes a Manichean, when he meets Faustus and Bishop Ambrose, when he repudiates Manichaeism and gives up his career to devote himself to god and finally, how he discusses how Christian scripture can and should be interpreted. â€Å"Confessions† allows people to see Augustine as a man and a human being who had to struggle to find himself just as we all must do. Even one of the greatest theologians and greatest thinkers in history had to find his way in life, intellectually, spiritually and emotionally; all which are demonstrated in his biography. Augustine was attending school in Carthage at the time he became involved with the Manichaean tradition. His studies in school were originally in law but during his studies he found a deep love for philosophy and decided to change his focus in school. His studies in philosophy eventually led him to study the Bible. However, he was not pleased with literary style in the Bible stating in his biography that â€Å"when I then turned toward the scriptures, they appeared to me to be quiteShow MoreRelatedSt. Augustine s Confessions1914 Words   |  8 PagesSt. Augustine was a theologian and philosopher born in Africa to St. Monica. Although he is now known as a an incredibly influential Christian writer and thinker, his early years were defined by rebellion and discord that did not, in the least, reflect Christianity or the values that he is now known for supporting. His early years were freckled with mindless disobedience, wretched behavior, and characterized godlessness that makes his conversion to the faith incredibly remarkable and one that isRead MoreSt. Augustine s Confessions Essay1885 Words   |  8 Pagesexamined in the stories, Genesis, as God creates human beings to live amongst his other creations but to have free reign over the land, the Romans Corinthians, as even Jesus’ faith was to put to the test, and it is deeply explored in St. Augustine’s Confessions. Furthermore, the compatibility of faith and reason is seen in The Book of Matthew as Jesus travels the lands of Israel blessing them with his own faith. Faith and reason would not be attainable if it weren’t for our triune God subtly givingRead MoreJohn Augustine s The Confessions St. Augustine1466 Words   |  6 PagesIn Chapter IV of his Confessions, St. Augustine describes his terrible grief at the death of a friend, and then to the adherence to mortal things, and why he regrets them. He writes that everybody experiences dea th differently, but the death of his close friend made him realize that this life is temporal. He continues saying that he was stricken with grief from the death of his friend and that made him want to move away from his hometown. Everything there brought his friend to mind, and he was alwaysRead MoreSt. Augustine s Confessions984 Words   |  4 Pagesfaith. For St. Augustine, faith provides more questions than answers, but consequently leads to his life as a bishop and eventually sainthood. For some, however, the Bible provides the answers to all the questions that go unanswered by common sense. In St. Augustine’s Confessions, Augustine is able to further understand himself and his faith in Christ by reflecting on anecdotes of his past. Conversely, the Bible’s use of etiology provides spiritual justification for physical realities. In St. Augustine’sRead MoreSt. Augustine s Confessions Essay1534 Words   |  7 Pages greed, and sloth (â€Å"The Seven Deadly Sins,† 1). In Saint Augustine’s Confessions, readers get the chance to learn about sin through Saint Augustine’s experiences of sin confrontations and temptations. For instance, in Confessions, the pear tree is depicted as a sin, a symbol of pleasure—Saint Augustine’s original sin. How so? Well, stealing the pears with his friends is Saint Augustine’s first memory of sinning. Saint Augustine sees a parallel connection between the pear tree and the tree of theRead MoreSt. Augustine s Confessions1233 Words   |  5 PagesSt. Augustine’s Confessions has often been referred to as a book undertaking the subject of conversion. Throughout Augustine of Hippo’s life he underwent several conversions so it is unsurprising that those experiences influenced his books. Although he was baptized as a Christia n at birth, he rejected Christianity until his final conversion at age thirty. After his conversion and eventually beginning a monastic life he became the most important theologian in Christian history until the ReformationRead MoreAnalysis Of St. Augustine s The Confessions 1297 Words   |  6 PagesJake DeLeers Second Four-Page Essay In Books VIII and IX of the Confessions, St. Augustine describes a long and difficult personal spiritual journey to the end of being to accept and receive God’s grace. Augustine finally had to come to terms with his own intellectual and moral pride masquerading as autonomy and independence. He finally realized that his intellect could not serve as a tool to help a will incapable of overcoming his own sin. One useful way to compare Augustine’s spiritual struggleRead MoreAugustine s Confessions And St. Paul Essay1979 Words   |  8 PagesIn Augustine’s Confessions and St. Paul’s First Letter to the Corinthians, both authors discuss the relationship between fleshy temptation and the purity of the spirit. The Confessions is Augustine’s writes of his extensive search for truth and conversion to Christianity, as he struggles against fleshy temptations and his soul to find rest in God. Augustine’s writes of a constant struggle to reconcile between the dualistic notion of the flesh and spirit with a nuanced understanding of flesh. On theRead MoreConfessions : The Role Of Friendship On St. Augustine s Spiritual Journey Essay2131 Words   |  9 PagesCONFESSIONS: THE ROLE OF FRIENDSHIP ON ST. AUGUSTINE’S SPIRITUAL JOURNEY Originally written during the fourth century, St. Augustine’s autobiographical book, Confessions, was among the most influential models for Christian writers over the course of a millennium. As it is arguably Augustine’s most important text, it continues to influence theological discussion even today. Through writing Confessions, Augustine proves himself to be a professional scrutinizer. He analyzes every aspect of his ownRead MoreSt. Augustine s Confessions And Dante s Inferno1746 Words   |  7 PagesIn St. Augustine’s Confessions and Dante’s Inferno, the central characters in their respective narratives are presented a message from which induces distinct reactions. More importantly, their reactions are reflections of their perspective concerning the Christian outlook towards life and passion. In Book VIII.xi (29) the reader finds St. Augustine in a state of despair and anguish because of his ongoing internal struggle between his mind and body. Afterwards, he undergoes a surreal experience

The Success Of A Company - 1706 Words

n operational arrange is significant to the success of a company. A well-designed structure arrange may be a roadmap for folks to perform the responsibilities expeditiously at intervals the organization. The operational arrange identifies the following: what task should be completed, the personnel accountable for finishing same task, the timeframe or point for finishing a task, and also the price associated to finish work. Select Few may be a staffing firm placed in sharer, Georgia. The corporate provides work force solutions for many businesses within the Savannah/Hilton Head space. Services embrace however not restricted to temporary staffing, temporary-to-hire, and direct rent services. The corporate operates underneath the leadership of a CEO. The decision-making method involves all levels of management, however the CEO has the authority to form the ultimate call for the organization. Organization has some one hundred twenty five workers that job along to deliver exceptional service to customers. Within the close to future, few would really like to expand operations by gap a replacement workplace in Columbus, South geographic area. Opening a second location may be essential element of our continuing success. To confirm that we ve the human resources, funds and avoid risk, we are going to prepare associate operational arrange. Below is that the company s structure chart with a short description for every position. Organizational chart The following shows an organizationShow MoreRelatedThe Success Of A Company943 Words   |  4 Pages For rapid growth of a company, there is a need for good decision making on the issues such as the culture of the business, staff hiring and spread of entrepreneurial culture among others. During his lecture, the CEO of the BOX Company, he reveals that the culture of the firm in all branches is essential to the success of the business. Such culture includes hardworking, accountability, rapid-acting and collaborative culture. However for one reason or the other, CEO and managers may find themselvesRead MoreThe Success Of A Company1707 Words   |  7 Pages Introduction An operational arrange is significant to the success of a company. A well-designed structure arrange may be a roadmap for folks to perform the responsibilities expeditiously at intervals the organization. The operational arrange identifies the following: what task should be completed, the personnel accountable for finishing same task, the timeframe or point for finishing a task, and also the price associated to finish work. Select Few may be a staffing firm placed in sharer, GeorgiaRead MoreThe Success Of A Company1706 Words   |  7 PagesAn operational arrange is significant to the success of a company. A well-designed structure arrange may be a roadmap for folks to perform the responsibilities expeditiously at intervals the organization. The operational arrange identifies the following: what task should be completed, the personnel accountable for finishing same task, the timeframe or point for finishing a task, and also the price associated to finish work. Select Few may be a staffing firm placed in sharer, Georgia. The corporateRead MoreThe Success Of A Company1169 Words   |  5 PagesThe success of a company relies greatly upon proper marketing. A company must have a proper mix of all elements and marketing efforts in order to produce desirable sales results. Product is one of the components used in the marketing mix to attract a company’s target market. In relation to the marketing mix product is defined as, an object or a service that is mass produced or manufactured on a large scale with specific volume of units. Determining the product or service and who it will be producedRead MoreThe Success Of A Company1967 Words   |  8 Pagesacknowledged as being successful. This paper is focusing on what success is for a company, the different areas that a company can achieve success, regarding the goals that are set, and through Coca – Cola‘s sustainability report will try to demonstrate which and how performance in dicators are used to form a successful organisation. DEFINE SUCCESS To define or measure success, firstly the organisational purpose must be decided. The purpose of a company is not always to become more profitable. Profit providesRead MoreThe Success Of A Company2409 Words   |  10 PagesPrior to 2003, Google was an unprofitable company that was looking for a stable revenue source. In 2003, Google launched Google AdWords, which is a program that allows businesses to advertise to people who search for things on Google.com. Almost overnight, Google went from being a simple search engine, to a highly effective advertising platform. â€Å"In 2008, Google reported to the SEC that it had generated $21 billion in advertising-driven revenue alone† (Willey, 2010). Making changes with an organizationRead MoreThe Success Of A Company3347 Words   |  14 PagesOrganisations are truly complex entities and for a company to be a success and provide a product or service to the best of its ability, the workforce need to be motivated, ambitious and determined to provide the highest possible quality work within specified time limits. There are numerous things that need to be acknowledged and handled within the organisations structure to ensure that staffs are happy and satisfied in the workplace, alongside the individual’s own personal goals and values. It isRead MoreThe Success Of A Company2183 Words   |  9 PagesThe success of a company is highly dependent on the workers associated with the company and their intellectual capital, it is what gives them the potential of becoming a leader. The word leadership ties numerous thoughts all being different. Many people see it as motivating a team of individuals and getting them to work toward a com mon goal. Whereas others see it as guiding a team toward a particular task. All these thoughts have a general sentiment which remains the same; leaders are ones who inspireRead MoreMeasuring The Success Of A Company1344 Words   |  6 PagesMeasuring the success of a company can be a grueling process if not done correctly. Taking a closer look at the strengths, weaknesses, opportunities, threats (SWOT Analysis), the price, product, place, promotion (The Four P’s), the microenvironment and the demographics can give the company a deeper view of how well they are performing. Each analysis supplies adequate information for the company to make modifications to better serve their target market. A firm addressing the strengths and weaknessesRead MoreDiversity For Success Of The Company1036 Words   |  5 Pagesdiversity is critical. Therefore, based on the extensive information offered touching on diversity in the workplace, I will be utilizing the book to draw on the ways the managers of an organization ought to handle the issue of diversity for success of the company. The article authored by Cox, bearing the recent trends in business globally, together with gender and ethnic diversity, which is on the rise, and forcing the managers to value of cultural differences. The article provides the essence of

Should there Be Regulations on Social Media Privacy for...

In recent years, the privacy issues on social media have aroused controversial debates. It was argued by Albarran that people are losing control over their personal privacy, given the rapid boom of social sharing (146). No matter what viewpoint one holds towards secrecy, it is undeniable that the intrusion of social media privacy has become so intense that should no one ignore the possible consequences: Users’ information is constantly exploited for commercial use, while privacy loopholes on social networking sites might also intrigue many safety issues, internet fraud, for instance. Youngsters, aged from 13 to 19, are arguably the biggest prey of the struggle of social media confidentiality, for they have merely no choices, but to live†¦show more content†¦In addition, safety awareness is low among teenagers. It is indicated by the Pew survey that only half of teenage respondents would keep their Facebook profiles private, while less than 10% claimed that they are hi ghly concern about third-party access to their data (Madden et al.). This provides concrete evidence that youngsters underestimated the consequences and the importance of protecting their privacy. Under no circumstances should there be tolerance for companies to monetize teenage privacy. Personal information should not be valued and put into business use without users’ consents. It is discovered that social media agencies are often motivated by business marketers to publicize user’s information in exchange of financial returns (Albarran 161). It is not hard to notice from the recent moves of social networking sites that teenagers have become the main targeted group of advertisers as a large profitable sector. In 2013, Facebook had loosened its’ privacy control over teenagers aged from 13 to 17, underage users were then permitted to post updates publicly as well as activating the â€Å"follow† function, indicating their information would be reached by third-parties unnoticeably and easily (Smith). Soon it received public skepticism that such amendments were catered for easier data mining for information agencies (Smith). It is also unacceptable that not only are advertisers taking advantage of teenage privacy loopholes, but they also conduct dataShow MoreRelatedEthics of Advertising1230 Words   |  5 Pagestremendous and powerful way of providing silent information as to how consumers should interact and present themselves. From the ethics class, we realize that the messages help us to see the meaning and possibilities in the things we purchase. It also helps consumers to liberate the direct meaning that lie below the surface of the products. For example, the Volkswagen advertisements have turned the automobile company into a social statement. Advertising has become a daily culture and companies are bombardingRead MoreSocial Media And Its Effects On Society1597 Words   |  7 Pagesthrown in the back of a vehicle. No one would have thought posting about how you were there earlier would provoke such a situation. After all, social networking is â€Å"safe† and â€Å"friendly.† Now, social media is defined as â₠¬Å"A form of electric communication through which users create online communities to share information,† according to Merriam-Webster Dictionary. Social networking began in 2004 and has sky-rocketed since, due to its sense of world connectivity in a mere moment. However, with this increaseRead MorePrivacy : Privacy And Privacy1509 Words   |  7 Pages Privacy advocates warn that many websites try to collect personal information from online users, but few guarantees how that data will be used. They say the federal government should establish standards to protect privacy online. But Internet businesses and others contend that they can safeguard users privacy without resorting to government interference. Law-enforcement agencies, meanwhile, favor government limitations on the use of sophisticated encryption technology, which makes online communicationsRead MorePrivacy : Privacy And Privacy1504 Words   |  7 PagesPrivacy advocates warn that many Websites try to collect perso nal information from online users, but few guarantees how that data will be used. They say the federal government should establish standards to protect privacy online. But Internet businesses and others contend that they can safeguard users privacy without resorting to government interference. Law-enforcement agencies, meanwhile, favor government limitations on the use of sophisticated encryption technology, which makes online communicationsRead MoreSocial Networking : Harmful Or Helpful1405 Words   |  6 PagesSocial Networking: Harmful or Helpful Introduction When you think of social networking what comes to mind? YouTube, Instagram, Facebook, Twitter, LinkedIn and Snapchat. They have similarities in that they make it easy to reach many individuals easily and quickly. Social networking sites and applications have given rise due to the popularity of the internet and the advancement in technology. There are many impacts on society due to social networking. Social networks can have a positive or negativeRead MoreHow Much Are Americans Hiding?1690 Words   |  7 PagesHow much are Americans hiding? With internet and social media, these days it is hard to hide any personal information.   It is as easy as searching a person’s name in Google to find out any information needed about a certain individual. This allows any records to be available to be seen online, and a person’s past to remain apart of their future, or their internet search. Europeans on the other hand, can hide whatever they want on the internet with the â€Å"r ight to be forgotten,† requesting Google toRead MoreThesis About â€Å"the Effects of Curfew Hours Among Teenagers†6647 Words   |  27 Pageswork study. INTRODUCTION History Juvenile Curfews Curfews are not just a product of todays contemporary society. Just as ancient histories influenced juvenile justice practices in the United States, todays curfews also have historical origins. The word  and enactment of curfews for minors in almost 3000 cities in the United States by 1900. It was not until  World War II  that they became a popular way to battle juvenile crime (Lester, as cited in ONeil, 2002). By 1995, 77% ofRead MoreReflection About Cyberbullying2116 Words   |  9 PagesGather Objective Data from Experience At Diakon Wilderness Center there is a social media/cyberbullying policy. The social media policy states that social media sites are prohibited at Diakon. If students access social media sites they will get a zero for participation for that day. Along with the social media policy is a cyberbullying policy. This policy states that cyberbullying is prohibited amongst students. also if students are found to by cyberbullying each other it will get directly reportedRead MoreLegal Drnc1953 Words   |  8 Pagescomputer. The Sheriff performed this task without Officer Narcissus’ permission or awareness. Upon examining what the computer had been utilized for, the Sheriff found that Officer Narcissus had regularly logged into Facebook as well as other social media sites. The Sheriff, also, deduced that the department computer had been utilized to procure items for sexual and hunting activities. Accessing Officer Narcissus’ Facebook page, herself, the Sheriff stumbled upon a ll of the postings Officer NarcissusRead MoreCritical Analysis Of Legal Regime For The Better Future Of Children Essay6622 Words   |  27 Pagesremains that children remain a part of the disadvantaged minority group even today as far as realization of human rights and social justice are concerned. This is primarily because children are generally physically, mentally and economically defenseless. In this age of globalization the care of children has completely taken a backseat, thus, affecting entire value system, social and economic needs, jeopardizing the very future of the humanity. The marginalization takes even a much worse turn when the

The Economics of Audit Quality Samples for Students-Myassignment

Questions: 1.Identif hazards that relates with Auditor Autonomy.2.Identify any safeguards to the above-mentioned threat.3.Discuss about the Involvement of risks with the Spare-Parts Inventory.4.Discuss Audit risks and Impact on Account Balance. Answers: 1.Identification of hazards that relates with auditor autonomy An Auditor is required to go behind the generally accepted standards of auditing at the time of setting up the evaluation of an accounting business (Zadek, Evans Pruzan, 2015). In addition, a sovereignty of the Auditor provides information about the independence of an in-house or an outdoor auditor from parties having the monetary importance in operational proceedings that are required to be assessed in the course of use of fair means. It is indispensable for an auditor to take autonomous actions from the users when the review makes accessible decision and will not get influenced by their links. It is conventional from an examiner to present unbiased and honest expert outlook after testing the reports of the financial statement of the transactions and gives clarification it to the patrons and the shareholders. In the first condition, there is a provision of an appropriate elucidation on the services of non-audit where there are contributions of services available by the examiners to their patrons. In the given case, these services of non-audit nature are offered in replacement of supplementary income or the other types of non-monetary benefits. Auditors engaged in services of non-audit nature leads to sovereignty destruction at times, when they grant services to the patrons. There is a range of consequences of non audited services in the given segment where audit value is slowed down and gets dissatisfaction from the shareholders and managers at the same moment. In the mentioned state of affairs, the art of sponsorship is a severe danger to independence present for an assessor above all in the given circumstances. Additionally, sponsorship means a situation where an auditor gives estimation on audit but the sponsor feels that the superiority has been chiefly negotiated. Accordingly, auditors using the services of sponsorship at the time of providing opinions on audits will be bargaining philosophy characteristic and that doubtingly have a result on sovereignty to an auditor. In the second case, it is important to understand the fact that self-motivation and enthusiasm of an auditor gets scarce extremely when they start taking financial and non-financial return that are not righteous. These arrangements are in accretion to the decided fees that are obtainable to the auditor at the time of forming an audit report. In a number of cases, it is notable that auditors get together profits that are not wherever written in the conformity or commitment of audits that have a consequence on the autonomy of an auditor. The third case shows that the other half, siblings, close relative, and other dependents of the auditors move in the direction of the members of family (Westwood, 2013). Furthermore, the financial attentiveness fits into place assurance of debt, ownership and long-term or short-term securities. As a result, if Michael admits the tender for being a constituent of the team of audit, there will be an imposition of peril to the independence of an auditor. In the fourth case, it is important to be grateful for the data that there is hopeful relationship between client, officers, human resources and managers who in fact get biased by the risk in a given business surroundings of the forthcoming clients (Miles et al., 2014). It was essential for the evaluator to carry on the suitable services as it encloses the mandatory tax calculations on passing of the journal entries ending at the date 30th of June 2015. 2.Identification of any safeguards to the above-mentioned threats In the given segment, it is well-known that the forbidden services are set up by the clientele and the evaluator who are carrying on the representation of the services that discuss their independence (Sherif, 2015). The measures are discussed as below: The rotating activities of the audit partners is one of the major form of assessment in situations where there are functions used (Arruada, 2013). It reveals the certainty about the rotating system in cases where a partner of audit joins in getting relieved of the danger over the data and the authenticity. A well-organized committee of audit will assist in keeping clarity in the judgment of the audit. It is necessary to have a group of sound and skilled auditors who have the indispensable belongings for examination of the independence (Kgapola, 2015). It is liability and responsibility of an auditor to work hard in coordinated surroundings so that there can be a purpose for ongoing principles of high excellence in the outlook of audit. There must not be any prejudiced relations. They should be transparency and one must make available an opinion of audit that would be proper and reasonable, to the clientele (Modugu et al., 2016). There must be a following of the righteous principles that are contained in the Standards of Auditing, by the auditor and also present under the Ethical Codes. There must be a following of the high quality independent standards of an international nature for the decrease of the complications involved in a given audit process (Iqbal Qureshi, 2012). 3.Involvement of risks with the spare-parts inventory There has been a compulsion in the supervision of the threats that has an occurrence from the spare part inventories and in the given situation, the management of the stock is not fortunate enough and has a requirement of the appropriate notices at the given point of time. It is necessary for the business on subject matter relating to administration of the jeopardy factors so that risks are examined and take the leading steps to decrease the peril as much and when possible. Some of the risk that is required to be known by the commerce includes the risks of the health and safety, marketable risk, and risk of goodwill. Attainment of the spare-parts and other tools fall under the categories of the risks of trading that are necessary to be evaluated at the time of the conducting of the audit. There are two types of viral risks and one risk is the strategic risk that has no connection to the conduct with the trade guidelines and selection of actions. This danger involves the choice on over what is wrong and what is accurate with the particular commodities as well as market. It is indispensable for any organization to make use of accomplished managers those giving correct judgment on daily issues that subsist at the working place. The stock of Spare parts must be managed by the connection through expending more on the behavior of the financial administration. It is essential for any business to spending in money matters for operating the stock that relates to potential failure. The failure of the downtime must be taken under consideration as has a relation with the management of the danger in the course of using of enormous amount obtains at the related time. The additional threat documented is the risk of operations that is in a direct line connected to practical downtime. Furthermore, the peril is anxious with specific policy after having reliance upon the levels of the decision-making process. Every business organization should be appropriately setting up the ideology of strategic administration and bring out in the most appropriate approach. The management of the danger is important because it requires to be recognized as the best and suitable policy that has the ability to correctly define, the subject matter as and when suitable 4.Audit risks and impact on account balance It is very important to be familiar with the realism that connected threat is associated with the danger of an inbuilt nature. This danger in reality takes place due to any omission or error that is demonstrated in the statement of finance as it shows out a diversity of features after excluding the same to administer dissatisfactions. There is complex subject present after the viewing of the hazard and surroundings of business where it is required to commence a high phase of ruling in case of budgeting about the economic projections. In the given situation, there is contrasting involvement of risk that has a broad power and scrutinizes at the balance between the amounts of the receivable of accounts. Few reports really depict the transactions that are tremendously connected with the internally associated hazards like risk that is connected to the administration of inventory. The most noteworthy risks be considered by the business enterprise are the operational risk and detection risk. Most of the times, it is seen that an organization carries out study and test of substantive dealings in the functional proceedings. In the given case, the assessor assesses the danger after reviewing the accounting balances and connecting at an equivalent time, with the accountant. These events in realism have an whole and greater effect on the balances with the dealings of accounting (Soh, Leung Leong, 2015). References Arruada, B. (2013).The economics of audit quality: Private incentives and the regulation of audit and non-audit services. Springer Science Business Media. Iqbal, N., Qureshi, M. (2012). Improvement of key problems of software testing in quality assurance.arXiv preprint arXiv:1202.2506. Kgapola, M. P. (2015).Professional accountants perspective of skills required to move into management position(Doctoral dissertation). Miles, M. B., Huberman, A. M., Saldana, J. (2013).Qualitative data analysis. Sage. Modugu, P. K., Ohonba, N., Izedonmi, F. (2012). 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