7b) A demerit good is a product or a service that goes against common interest of a population and is related to promoting negative externalities. Examples of demerit goods are alcohol‚ fast food and cigarettes. All of these are goods that mostly cause problems in health and as a result they are causing a negative externality of high health costs to the NHS. These costs need to be covered by taxation and other sanctions which ultimately aim to reduce the consumption of demerit goods. T.V can be
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fair treatment of employees in the workplace is an issue that has been addressed by the forming of unions. Labor workers want to be able to have a say in their pay‚ treatment‚ and work environment and managers should be willing to listen. The need to have a voice in the workplace is very important. The establishment of labor unions allowed workers to address their concerns and force management to provide better pay programs‚ more time with family‚ more benefits‚ and safer working environments
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television commercial‚ radio advertisement‚ outdoor advertising or direct mail; or new media such as websites and text messagesModern advertising developed with the rise of mass production in the late 19th and early 20th centuries. Type Demerits1 Demerits of Advertising (Objections) Various objections against it may be listed as follows: 1. Economic Objections a) Advertising is not productive. It is true that it does not produce any tangible goods. It is said to involve wasteful expenditure
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professor dr. carl miniano‚ good morning! As I stand here in front of you‚ I’m still wondering why the Labor (pertaining to the employees)‚ and the Management (the employers)‚ of the organizations are experiencing conflicts‚ misunderstanding‚ issues arising and other things that both parties opposed each other’s beliefs that tend to happen to build a Labor Union on a specific organization‚ weird isn’t? Because I did not experienced those things in my organization even once though I am hearing complaints
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MARKETING MANAGEMENT -MB- 0046 Q.1. Discuss the different marketing concepts with its merits and drawbacks Ans: Marketing is a set of business activities that facilitate movement of goods and services from producer to consumer. It is an ongoing process of discovering and translating consumer needs into products and services‚ creating demands for them‚ serving the customer and his demand through a marketing programme of promotion and distribution to fulfill the company’s marketing goals in a
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What are Industrial Relations? Industrial relations have become a complex problem of modern society. In order to have industrial progression and a better economy‚ it will be impossible to obtain without the cooperation of all workers coming together to foster a good and harmonious relationship. Therefore‚ it is the interest of all people to create and maintain a good relationship between employees and employers‚ which in the 1950s‚ the Dunlop’s model was formed and used as a guide to creating and
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Management and Union Relationships in an Organization In today’s business environment‚ the relationship between management and union can play a vital role in the success of an organization. My research of the roles of unions and management will enable me to present concrete information of how these two entities perform in an organization. The Role of Management in an Organization “Management is the process of working with people and resources to accomplish organizational goals” (Bateman
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more distinguished by non-government actors such as the World Bank‚ and International Monetary Fund‚ a lesser need for military power and in the decline in the power of the state. The most effective foundation for international politics and the relations between nations and international institutions is to follow a liberal approach to governance with institutionalism as the most direct perspective. At the end of the Second World War‚ the United Nations was founded‚ and began an era of the formation
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The Role of Public Relations A career in public relations consist of a broad range of ethics all for the sole purpose of communicating with other people‚ companies and to inhibit a better working environment. Public relation workers deal with numerous ways of getting the message out to organizations and to the public where one will realize whether or not they have created publicity for a specific trademark or person. Public relations is a beneficial system that uses communication processes to
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A strike is a form of protest whereby a group of employees withhold labour in order to pressure employers into granting a particular demand. (Cambridge Dictionairies) Causes and effects of strikes in South Africa: Causes - Lack of transformation‚ mutual respect‚ trust‚ and socio-economic equity (SABC‚ 2014). - Dissatisfaction with pay or working and living conditions. Effects - Companies: financial losses‚ reduced productivity‚ profitability and market share‚ and delayed service delivery. Employees:
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