How businesses are affected by competition Essays - Market Structure

How businesses are affected by competition Essays - Market Structure How businesses are affected by competition Some markets are highly competitive, while others are a lot less so. A good example of a competitive market in which there are many buyers and sellers is that of Internet booksellers. Because there are so many firms selling identical products then the price of these books will be highly similar. This competition helps to drive down the profit that such firms can make. Competition occurs when two or more organisations act independently to supply their products to the same group of consumers. Direct and indirect competition Direct competition exists where organisations produce similar products that appeal to the same group of consumers. For example when two supermarkets offer the same range of chocolate bars for sale. Indirect competition exists when different firms make or sell items which although not in head to head competition still compete for the same in the customers pocket. For example, a High Street shop selling CD's may be competing with a cinema that is also trying to entice young shoppers to spend money on leisure activities. What would happen if there was no competition? If there was no competition in the markets, companies woud neglect technological development and cost reduction efforts. Price and service would become more advantageous to companies, and consumers would result in no receipt of benefits. Now, let us take a look at what would happen if there was no competition in the markets. If different stores did not compete with each other and talked to each other to raise the price, we would only be able to buy the same product at the same price, wherever we went shopping. If manufacturers decided on the stores' selling prices, the stores would not be able to compete on price. We would have to buy the same product at a high price, wherever we went shopping. If successful bidders for public works were chosen by underhand discussions between the bidders, the cost of the public works would be higher than the original cost adequate to the works. This would result in a waste of our taxes. If one manufacturer monopolize one market by ousting its rivals, there would be no competition in the market. As a result, we would not be able to choose products of better quality and lower prices. If several companies jointly forced certain companies offering products and services at lower prices out of the market, we would lose the opportunity to choose a product for a lower price or better service. If two companies with large market shares merged to form a new company and monopolized the market, there would be no competition. Then, if the price rose, we would have no choice but to buy the product from the new company. 12 Reasons Why Competition Is Good For Business By Susan Oakes 7 Comments 12 Reasons Why Competition Is Good For Business By Susan Oakes 7 Comments 0 27 1 1 Have you ever thought that marketing your small business would be easier without competitors? Most of us have at time to time. Whilst you shouldn't be fixated on your competitors, you can't afford to ignore them. Having competitors is healthy and this video shows one reason why - collaboration: Remember the competition you face in your market may be direct or indirect. Here are another 11 reasons why it is good for your business: Helps grow your business and market Reminds you to focus on keeping your key customers Provides opportunities for creative thinking Stops complacency Allows for working together on common industry or market issues Can motivate you to a higher standard of customer service or innovation Provides ideas you can adapt for your products or services Helps identify potential threats to your business Helps your strengths and weaknesses Provides an alternative for customers who are not a good fit for your business Helps you work smarter The Advantages and Disadvantages of a Competitive Workplace by Jared Lewis Competition in the workplace can be a good thing for a number of different reasons. By the same token though, competition can also have some disadvantages. Some industries are more conducive to competition in the workplace than others. For instance, those in the sales field will typically be more competitive with coworkers than individuals in other fields, such as information technology. Nonetheless, a little competition in even the least competitive industries can be positive. Grammarly Makes Sure Everything You Type Is Effective And Mistake-Free. Try Now! Production One

The Effect of Clinical Simulation on Student Self-Efficacy in learning Dissertation - 1

The Effect of Clinical Simulation on Student Self-Efficacy in learning - Dissertation Example Cases like these point to the value of clinical simulation in nursing education to help empower such students in being able to handle challenging tasks and situations in their own practice. Clinical simulation is defined by Waxman (2010) as a teaching methodology that provides students with learning experiences closely resembling real-life circumstances that they are likely to encounter in their professional practice. â€Å"Simulated clinical experience requires immersing students in a representative patient-care scenario, a setting that mimics the actual environment with sufficient realism to allow learners to suspend disbelief† (p.29). Specific to nursing education is the utilization of a lifelike high-fidelity manikin which provides a high level of interactivity and realism to nursing students during their simulation proceedings (Jeffries, 2007). The integration of simulation in the nursing education curricula is welcomed by nurse educators as a new and effective method tha t promises to prepare the students better for a future in the nursing profession as competent and confident health workers. Setting up a clinical simulation situation takes much time, planning and effort that draws its information from theories and professional experiences (Waxman, 2010). The complexity of clinical simulation raises the question if it does improve a student’s self-efficacy to be a more efficient professional or leave the student overwhelmed with the probable challenges he or she will face in practice. Self-efficacy is one indicator of an individual’s perception of how well prepared he or she is in being able to successfully accomplish tasks (Bandura, 1977, 1986). Further, Bandura (2004) explains that: â€Å"Efficacy beliefs influence goals and aspirations. The stronger the perceived self-efficacy, the higher the goals people set for themselves and the firmer their commitment to them. Self-efficacy beliefs also determine how obstacles and impediments a re viewed. Those of high efficacy view impediments as surmountable by improvement of self-management skills and perseverant effort† (p. 145). Topic This study will explore clinical simulation as a new method of learning in nursing education. It will discuss the corresponding cognitive and affective processes that the student undergoes during the simulation and follow through if it is indeed an effective strategy in the improvement of student efficacy. The research problem The research problem posed for this study is â€Å"How does clinical simulation affect a student’s self-efficacy in learning in Nursing education?† Background and justification. The current demands of health care necessitate more aggressive training of health care professionals in order to address the growing needs of an industry that is besieged with a multitude of illnesses. More and more diseases come up with symptoms that may be unusual. These may pose a huge challenge to new nurses who have been trained in the traditional approaches of lectures, discussions, role-play and laboratory practice, as these may no longer be effective (Waxman, 2010). A nurse needs to be thoroughly trained in various areas and has amassed enough experiences to be able to carefully discern his or her next moves. Such moves may be crucial to the treatment and safety of the patient and thus,

World cultures Essay Example | Topics and Well Written Essays - 500 words

World cultures - Essay Example The Mayan civilization consisted of powerful city-states that spread from southern Mexico to northern Honduras. Scientists in Mayan civilization cite that drought theory plays a pivotal role where the people cut down the jungle canopy to accelerate the problem`. A climate model simulation depicts the aggregation of drought caused by deforestation. The pale climate records show that the collapse of Mayan socio-political structure links to Terminal Classical Drought (TCD). The efforts to assess the effects of climate change on prehistoric societies leads to controversies on the future climate change in the modern societies. Lane et al (2014) present evidence of TCD along the Caribbean Island of Hispaniola, Laguna Castilla, and other areas of the Dominican Republic. The flowering with the rain theory analyzes the cavern stalagmites on the cave floors to link the climate swings that lead to the fall of the empire. Belizean stalagmites in the early Classical Maya are unusually wet since the population proliferation aid the process. Sophistication of monumental architecture, political systems, and complex religion fall in the full flower era. Scientists provide a warfare theory that could have shattered the entire people. The stone carving depict vicious images such as Tikal, Quirigua, and Dos Pilas. It is possible cites went to war with each other. As Dos Pilas invasion took place in 760 A.D (Lane et al. 2014). One cannot rule out the possibility of war that brought economic disaster and a domino effect in the Maya cities. At the apex of their power, things started to unravel just like the stock market zigzag into uncharted territory. Carroll (2013) explains that the ancients built an advanced society where they were undone by their own success. The population of the people continued to escalate stretching the natural resources to a breaking point. The political leaders