Business Economics – Regression Analysis

Effect of Ratio Profitability: Return on Asset (ROA) and Return of Equity (ROE) to Stock Price of PT Bank Central Asia (BCA) Tbk. Ratio profitability, Return on Asset (ROA) and Return of Equity (ROE), of a firm is used as one of parameters for investor to decide whether they want to invest or not. The following table consists of ROA and ROE as well as the stock price of PT Bank Central Asia (BCA) Tbk. , as one of the largest bank in Indonesia, from year of 2002 up to 2011. Table 1. ROA, ROE and stock price of PT Bank Central Asia Tbk. tahun 2002-2011 Year| Stock Price(Y)| ROA(X2)| ROE(X2)| 2002| 2500| 2. 17| 22. 08| 003| 3325| 2. 36| 24. 87| 2004| 2975| 3. 04| 32. 52| 2005| 3400| 3. 41| 32. 33| 2006| 5200| 3. 43| 33. 58| 2007| 7300| 1. 68| 16. 47| 2008| 5778| 3. 14| 33. 16| 2009| 5645| 3. 17| 32. 11| 2010| 4284| 3. 28| 31. 23| 2011| 3674| 2. 65| 24. 16| Using regression analysis we want to determine the relationship between ROA, ROE and stock price of PT BCA Tbk. In this case, ROA an d ROE are the independent or explanatory variable (X), while stock price is the dependent variable that we want to explain (Y). Regression Analysis SUMMARY OUTPUT| | | Regression Statistics| Multiple R| 0. 13028475| R Square| 0. 016974116| Adjusted R Square| -0. 63890422| Standard Error| 1710. 529517| Observations| 10| ANOVA| | | | | | | df| SS| MS| F| Significance F| Regression| 2| 353656. 3| 176828. 15| 0. 060435241| 0. 941840446| Residual| 7| 20481378. 6| 2925911. 229| | | Total| 9| 20835034. 9| | | | | Coefficients| Standard Error| t Stat| P-value| Lower 95%| Upper 95%| Lower 95. 0%| Upper 95. 0%| Intercept| 5361. 609293| 2796. 526605| 1. 917238793| 0. 096721961| -1251. 125335| 11974. 34392| -1251. 125335| 11974. 34392| X Variable 1| -142. 3275587| 3749. 125063| -0. 037962873| 0. 970777259| -9007. 599603| 8722. 944486| -9007. 599603| 8722. 944486| X Variable 2| -19. 7879081| 375. 1702777| -0. 051919867| 0. 960043105| -906. 6155278| 867. 6579462| -906. 6155278| 867. 6579462| From the summary output we can estimate the linear relationship between the stock price (Y) and ROA (X1), ROE (X2) in the form of equation below: Y= 5361. 6092 – 142. 3275 X1 – 19. 4788 X2 The result indicates that for each 1% decrease in ROA and ROE; the stock price decrease by IDR142. 3275 (the estimated coefficient of X1) and IDR19. 4788 (the estimated coefficient of X2) also, respectively. To understand how significant the independent variable can explain the dependent variable, we can observe from t-stat data.The critical value of t at the 0. 05 level of significance is 2. 365 (from table of the t distribution). The analysis result show that t-stat value below the critical value of t = 2. 365. It means that at the 5% level of significance, we accept there is no significant relationship between ROA, ROE and stock price. We need more variable better than just ROA and ROE to picture the movement of price stock. The two variables, ROA and ROE, are not enough to explain th e stock price of PT BCA Tbk. Now, we want to see how good is the model or how much the explanatory power of the model by looking at R2 data.R2 measures how much of the variation in the firm’s stock price is explained by the variation in its ROA and ROE. The analysis result shows that the value of R2 is 0. 016974116, extreme to 1. It means that none of the variation in stock price was explained by the variation in ROA and ROE. In conclusion, looking at the value of t-stat and R2, variable ROA and ROE is not enough to explain the movement of stock price PT BCA Tbk. We need to add more variables to get more description how the stock price change and how significant and sensitive the variables impact to stock price.

Chinese fan dance Essay

The art and tradition of the Chinese fan dance have captivated audiences for two thousand years. Just one of many forms of traditional folk dances, fan dances has been preserved to share the stories and beauty of Chinese culture. Chinese Fan Dance the Chinese fan dance is performed in celebration of Chinese culture. It represents beauty, grace and delicacy, according to the Chinese Educational Development Project. It also expresses feelings of joy. The dance is composed of consistently changing rhythms paired with consistency changing body positions. Father fans and silk both are part of the traditional Chinese dance that has its roots in the Han Dynasty, circa 206 BC. History: While archaeologists have found pottery depicting Chinese folk dances dating from about 4000 to 2000 BC, the fan dance is believed to have begun during the Han dynasty. This dates the fan dance to around 200 AD. It was also during the Han dynasty that the first effort was made to collect and preserve the country’s folk dances. Thankfully, this practice became important to following generations and folk dances of old are still shared today. Classifications: Chinese dance was divided into either civilian or military dance and their movements can vary based upon the classification. Civilian fan dances tend to be more flowing and detailed, celebrating grace and beauty. They derived from early dances celebrating the distribution of the food gathered from hunting and fishing; people would dance holding feathered banners. Fans: The fans are used to highlight the graceful movements of the dancers and as extensions of very delicate poses. They can be used as a sort of prop, representing a basket of food, a gift or a found treasure. The fans are made of a variety of materials including feathers, paper or bamboo and they reflect the highest level of craftsmanship and artistry. Different kinds of fans Costumes Colorful costumes are typically used to enhance the beauty of the fan dance performance. Today, dancers may be dressed in traditional Chinese garments or in modern lyrical dresses or dance wear. If the dance is intended to tell a specific story, some dancers may be dressed differently from one another but all dancers in a group typically are costumed in the same garments. The Chinese Fan Dance Costume:

The Great Gatsby By F. Scott Fitzgerald - 1076 Words

In the book, The Great Gatsby, written by F. Scott Fitzgerald, Gatsby is exemplified through many symbols and idols. Fitzgerald uses cars to represent wealth, success, status, and glamour. As Friedrich Nietzsche states, â€Å"There are more idols in the world than there are realities.† Nietzsche’s quote shows how idols and symbols are used to create impressions. Images are powerful and set a stage for others to judge one’s character, enabling human beings to avoid seeing what realities are. Idols are potent enough to mask the truth. In the novel, despite Gatsby s own insecurities, he is viewed as an idol in society. Idols impact and influence Gatsby’s life and those living around him. Gatsby’s car represents an idol, illustrating his wealth, capturing attention, creating impressions, and covering misconceptions throughout life in the West Egg. Jay Gatsby soundly represents the American Dream - that of being richer and bigger which equates to adventure and achievement. The American Dream during the 1920 s is a transition period where hope is replaced with money. Clearly, society is able to see Gatsby and his materialistic goods as an image of someone and something to be greatly admired. He is the perfect example of the notion that in order to be happy and make our lives worthwhile, one had to achieve high, materialistic standards. Perception and judgment is based on achievement. Gatsby is identified as the man with the flashy car. â€Å"I’d seen it. Everybody had seen it. It was aShow MoreRelatedThe Great Gatsby by F. Scott Fitzgerald1393 Words   |  6 PagesF. Scott Fitzgerald was the model of the American image in the nineteen twenties. He had wealth, fame, a beautiful wife, and an adorable daughter; all seemed perfect. Beneath the gilded faà §ade, however, was an author who struggled with domestic and physica l difficulties that plagued his personal life and career throughout its short span. This author helped to launch the theme that is so prevalent in his work; the human instinct to yearn for more, into the forefront of American literature, where itRead MoreThe Great Gatsby By F. Scott Fitzgerald1343 Words   |  6 PagesHonors English 10 Shugart 18 Decemeber 2014 The Great Gatsby F. Scott Fitzgerald s 1925 novel The Great Gatsby is a tragic love story, a mystery, and a social commentary on American life. The Great Gatsby is about the lives of four wealthy characters observed by the narrator, Nick Carroway. Throughout the novel a mysterious man named Jay Gatsby throws immaculate parties every Saturday night in hope to impress his lost lover, Daisy Buchanan. Gatsby lives in a mansion on West Egg across from DaisyRead MoreThe Great Gatsby By F. Scott Fitzgerald1155 Words   |  5 PagesThe Great Gatsby The Jazz Age was an era where everything and anything seemed possible. It started with the beginning of a new age with America coming out of World War I as the most powerful nation in the world (Novel reflections on, 2007). As a result, the nation soon faced a culture-shock of material prosperity during the 1920’s. Also known as the â€Å"roaring twenties†, it was a time where life consisted of prodigality and extravagant parties. Writing based on his personal experiences, author F. ScottRead MoreThe Great Gatsby By F. Scott Fitzgerald1166 Words   |  5 Pagesin the Haze F. Scott Fitzgerald lived in a time that was characterized by an unbelievable lack of substance. After the tragedy and horrors of WWI, people were focused on anything that they could that would distract from the emptiness that had swallowed them. Tangible greed tied with extreme materialism left many, by the end of this time period, disenchanted. The usage of the literary theories of both Biographical and Historical lenses provide a unique interpretation of the Great Gatsby centered aroundRead MoreThe Great Gatsby by F. Scott Fitzgerald845 Words   |  3 PagesIn F. Scott Fitzgerald’s novel, The Great Gatsby, colors represent a variety of symbols that relate back to the American Dream. The dream of being pure, innocent and perfect is frequently associated with the reality of corruption, violence, and affairs. Gatsby’s desire for achieving the American Dream is sought for through corruption (Schneider). The American Dream in the 1920s was perceived as a desire of w ealth and social standings. Social class is represented through the East Egg, the WestRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay970 Words   |  4 Pagesrespecting and valuing Fitzgerald work in the twenty-first century? Fitzgerald had a hard time to profiting from his writing, but he was not successful after his first novel. There are three major point of this essay are: the background history of Fitzgerald life, the comparisons between Fitzgerald and the Gatsby from his number one book in America The Great Gatsby, and the Fitzgerald got influences of behind the writing and being a writer. From childhood to adulthood, Fitzgerald faced many good andRead MoreThe Great Gatsby By F. Scott Fitzgerald2099 Words   |  9 Pagesauthor to mirror his life in his book. In his previous novels F. Scott Fitzgerald drew from his life experiences. He said that his next novel, The Great Gatsby, would be different. He said, â€Å"In my new novel I’m thrown directly on purely creative work† (F. Scott Fitzgerald). He did not realize or did not want it to appear that he was taking his own story and intertwining it within his new novel. In The Great Gatsby, by F. Scott Fitzgerald, he imitates his lifestyle through the Buchanan family to demonstrateRead MoreThe Great Gatsby By F. Scott Fitzgerald1607 Words   |  7 Pages The Great Gatsby is an American novel written in 1925 by F. Scott Fitzgerald. One of the themes of the book is the American Dream. The American Dream is an idea in which Americans believe through hard work they can achieve success and prosperity in the free world. In F. Scott Fitzgerald s novel, The Great Gatsby, the American Dream leads to popularity, extreme jealousy and false happiness. Jay Gatsby’s recent fortune and wealthiness helped him earn a high social position and become one of the mostRead MoreThe Great Gatsby By F. Scott Fitzgerald1592 Words   |  7 PagesMcGowan English 11A, Period 4 9 January 2014 The Great Gatsby Individuals who approach life with an optimistic mindset generally have their goals established as their main priority. Driven by ambition, they are determined to fulfill their desires; without reluctance. These strong-minded individuals refuse to be influenced by negative reinforcements, and rely on hope in order to achieve their dreams. As a man of persistence, the wealthy Jay Gatsby continuously strives to reclaim the love of hisRead MoreThe Great Gatsby By F. Scott Fitzgerald1646 Words   |  7 PagesThe 1920s witnessed the death of the American Dream, a message immortalized in F. Scott Fitzgerald’s The Great Gatsby. Initially, the American Dream represented the outcome of American ideals, that everyone has the freedom and opportunity to achieve their dreams provided they perform honest hard work. During the 1920s, the United States experienced massive economic prosperity making the American Dream seem alive and strong. However, in Fitzgerald’s eyes, the new Am erican culture build around that

Business Case Study Design Seminar - 1913 Words

BUSI 780 Business Case Study Design Seminar Applied Learning Solutions, LLC: A Question of Business Strategy Alan W. Stanfield May 8, 2016 Respectfully submitted to: Dr. Kim Anthony Liberty University Applied Learning Solutions, LLC: A Question of Business Strategy Introduction This case discusses the business strategy for Applied Learning Solutions, LLC which is an educational trainer manufacturer located in Georgia. The company manufactures educational trainers used to train electrical students in both technical high school classes and technical college environments. Applied Learning Solutions, LLC supplies engineering, design, and manufacturing of training equipment for Educational Systems, Inc, a distributor in Texas.†¦show more content†¦However, along with aligning this mission with strategy comes the added cost of incorporating industry components which are a premium price over the conventional educational components used by competitors. Background Applied Learning Solutions, LLC produces four different models which include the CWT100, CWT200, CWT300, and the CWT300 Plus. The CWT300 model makes up 75% of the models manufactured and is sold to the distributor for $7,500 per unit. The distributor then adds $5,000 to the cost of the unit for a total sale price of $12,500. The added cost is to cover advertising, sales staff, customer support, and provides a profit margin for the distributor. Additionally, a shipping charge is added to the price of the unit which is typically around $500 per unit. If Applied Learning Solutions, LLC provides the shipping service, then the additional $500 is added to the invoice and an employee of Applied Learning Solutions, LLC delivers the unit to the customer which provides additional income for the company. However, shipments of the units are sometimes coordinated through commercial truck lines in which the trucking company collects the shipping charge. The decision to ship through Applied Learnin g Solutions, LLC or via a trucking company usually is determined by the distance of travel and the number of units being delivered. The productionShow MoreRelatedEssay about SM0381 Hong Kong Student Seminar Five B1175 Words   |  5 Pagesï » ¿Seminar Five Seminar Objectives Students will: Stay in the seminar debating teams. See some more news stories that have ethical dimensions. Discuss in teams the same case study that was introduced in Seminar One. Preserve these notes for comparison with their analysis of the same ethical dilemma at the beginning of the module. Take personal journal notes of their revised impressions and feelings about the case. Preparation for Seminar NB: Make sure that you attend the seminar with a print outRead MoreAmerican Apparel Case Study1139 Words   |  5 PagesSeminar Preparation Assignment Question 1. The founder of APP, Dov Charney, adopted a vertically integrated production model as he believed that ‘the higher costs of manufacturing in the United States would be offset by the price premium from superior quality, styling, and image, and by the advantages of speed to market’. In order to effectively capture these benefits, APP maintained tight linkage between design, manufacture, and marketing, with extensive quality control measures at each stepRead MoreA Research Study On Ubc Marketing Department1245 Words   |  5 PagesI need to become a productive researcher. Upon earning my degree, I will contribute to the UBC marketing department brand as an active researcher publishing in top academic journals and as an inspiring educator on the faculty of a leading global business school. Present At Queen’s University, I am currently working on my master’s thesis, with the working title of â€Å"Paying to Jump the Queue: Consumer Perceptions of Fairness in Various Social Contexts†, under the supervision of Prof. Laurence AshworthRead MoreHank Kolb, Director of Quality Assurance636 Words   |  3 PagesFacts of the Case: †¢ Hank Kolb, Director of Quality Assurance is attending a seminar that is given to quality managers of manufacturing plants by the corporate training department. †¢ Hank Kolb is now looking forward to digging into the quality problems at this industrial product that plant employing 1,200 people. †¢ The company lacks quality that needs more improvement to continue their operations. †¢ Hank Kolb found problems regarding from personnel, plantRead MoreIncorporating Tools And Training For Artist Preparedness Into The Art School Environment1383 Words   |  6 PagesCianciulli, Assistant Dean for Undergraduate Studies and Student Affairs Tyler School of Art, Temple University carmina.cianciulli@temple.edu SECAC Conference 2016 In 2013, the Strategic National Arts Alumni Project, a project of Indiana University, surveyed more than 77,000 arts alumni. 75% of art school alumni have been self-employed at some point in their career. Yet 78% of the respondents indicated little or no preparation of financial and business management skills; 74% indicated little orRead MoreEmployee Training and Career Development1260 Words   |  6 Pagesdevelopment. Training and development of employee is benefits the organization by ensuring the organization able to adapt to every changing economy and industries. To ensure the organization is able to meet these changes, the human resource department designs and develop programs that meet the needs of the organization. Role of Training in an Organization’s Development According to DeCenzo and Robbins (2007) employee training is defined as â€Å"changing skills, knowledge, attitudes, or behavior† of an employee;Read MoreManaging Strategy6237 Words   |  25 Pages14 Learning Outcomes 14 Indicative Content 14 Indicative Reading List 15 Sample Questions 16-17 Business Research Methodologies 18 Module Description 18 Learning Outcomes 18 Indicative Content 19 Indicative Reading List 20 Sample Questions 22-24 25 International Business 26 Module Description 26 Learning Outcomes 26 Indicative Content 26 Indicative Reading listRead MoreStrategic Management and Harvard Business Review2940 Words   |  12 PagesStrategic Management and Leadership SM0374 Your Undergraduate Programme Learning Goals At the end of your programme of study you will be: 1. Knowledgeable about the theory and practice of international business management 2. Skilful in the use of professional and managerial techniques and processes 3. Aware of ethical issues impacting on business and professional practice 4. Employable as graduates All of the learning that takes place within modules is designed to enable youRead MoreSperry/Maclennan Architects and Planners Essay1031 Words   |  5 PagesRead Case 3-2, â€Å"Sperry/MacLennan Architects and Planners,† located at the end of Chapter 3 in the text, Marketing Research, by Aaker, Kumar, and Day. Prepare a 1,050-1,400-word case study analysis of the case. Be sure to address the following in your analysis: a. Describe the situation discussed in the case. b. Identify the key issues for the organization in your selected case. c. Discuss possible ways in which the organization can address these issues. d. Based on your analysis of the case, explainRead MoreQuality Assurance At Industrial Products Plant1329 Words   |  6 Pageslast week as he was busy in seminar â€Å"Quality in the 2010’s†. He came to know that they had problem on the grease line. As Cody Fixer started inspecting and understanding the work culture of the company, he figured out there were lots of problem in the marketing, manufacturing, plants and equipment and product designing area. They have been facing problems with new filling equipment’s and the rate at which the products are being produced is 50% of standard, about 14 cases per shift that caught halfway

Should Congress Raise The Minimum Wage - 721 Words

Kyle Ting Prof. John Somers Econ 201 10 February 2017 Article Summary 1 Should Congress Raise the Minimum Wage Many states, including Oregon, has been considering a raise in the minimum wage. A raise of the minimum wage can cause job cuts or raise in product prices, but a rising number of economist have come to the conclusion that there is quite a considerable room of raise that cities can do without affecting the unemployment rate. Raising the minimum wage can ease the lives of many people. It can even cause an economic stimulus, where people would have an increase in consumer surplus, causing them to spend it on things that they wouldn’t naturally spend on if they didn’t have any type of monetary surplus. This can cause the economy to†¦show more content†¦It is very important to look beyond the workers that will be affected directly by raise of the minimum wage. Instead, look how it affects every single group in the work force. Rise and Fall of Oil Prices Oil is the product that each and every one of us use. It can be used for fuel, heating and even cooking. The most often known for unstable price is crude oil or gasoline. According to the The Economist, The main reason for price shifts of oil is oversupply. The oil production in Saudi rose 10.3 million barrels per day. This increase is the effect of a new method that I being applied to oil extraction. This method is called fracking, fracking is where they drill into tight-rock formations then gradually turning horizontal for several thousand feet more. This results to accommodations to multiple oil wells. This new approved method of oil harvesting has raised the productivity gains and reduced the cost of harvesting oil. The reason of the fall in oil prices are the constant change of demand. The need for the oil is actually stagnant. Crude oil is becoming a product of the past. Today, you can harvest energy from solar, wind, water, heat, and waves. Accordin g to The Economist, â€Å"The use of fossil fuels in the rich world is mostly falling. Emerging economies are not currently taking up the slack†. Demand for energy is intertwined with our economic activity. Prices spike in the winter in the northernShow MoreRelatedCongress Should Raise The Federal Minimum Wage1042 Words   |  5 PagesMany Americans agree that Congress should raise the federal minimum wage, but do individuals truly know the effects of increasing the minimum wage to $15? Some people only look at the comprehensive view of seeking a higher salary, but the increase can cause many negative, as well as positive, effects. Several economists from across the country have done extensive research over the topic of the minimum wage increase, and many differing opinions have formed. The effects can vary from person to personRead MoreEssay Should Congress Raise Minimum Wage?614 Words   |  3 PagesShould Congress Raise Minimum Wage? As our federal government debates the idea to raise the minimum wage, there are several interesting questions that occur. Most importantly, should we raise the minimum wage? I believe it is a bad idea to raise the minimum wage from $7.25 per hour up to $10.10 or more in a short period of time. I will explain why raising minimum wage radically would kill jobs and hurt our economy. The main reason raising the minimum wage radically would kill the economy is theRead MoreFederal Minimum Wage Should Be Increased1180 Words   |  5 Pagesto come to conclusions that the federal minimum wage is excessively low. The government can stand to help people gain more money, resulting in a less poverty-stricken country. The cost of living or gaining has increased significantly over the past twenty years, and the minimum wage, for most isn t enough for them to support themselves. There have been efforts to increase the federal minimum wage, but none has succeeded in getting approved. Minimum wages are too low for a human, to provide forRead MoreCongress As Part Of The Fair Labor Standards Act1084 Words   |  5 PagesCongress as part of the Fair Labor Standards Act (FLSA) instituted minimum wage back in 1938. The first minimum wage was at $0.25 per hour and the last minimum wage increase occurred in 2007. Over the past 65 years the minimum wage has varied considerably in inflation-adjusted buying power. It has averaged $6.60 an hour in purchasing power in 2013 dollars, but it has ranged from a low of $3.09 an hour in late 1948 to a high of $8.67 an hour in 1968. Today’s minimum wage buys somewhat more than theRead MoreWhy we should raise the minimum wage1202 Words   |  5 Pagesworked on minimum wages are struggling to live on a salary that is below the poverty threshold. In 2012, the U.S census posted that in a family of three; their income is 18,552, (U.S Census). In most case, one member of the family is working on a minimum wage salary which is below 18,552, (U.S. Dept. of Labor). It has been almost a five years since congress has raised the minimum wage (Huff Post). Throughout my argument, I will share my thoughts as wells as facts on why congress should agree to raiseRead MoreEssay on The Minimum Wage Should be Raised1371 Words   |  6 PagesMinimum wages go all the way back to 1938, during the great depression, when the stock market crash and bank loan were failing. Families need income of some type, were they wanted to make it fair were individual could get pay the same without a college degree. I am going to start off with a little about minimum wages history and how this could help our Economic. In 1892 Federal Government adopt an 8 hour workday and other wages standard for employee. In 1903 Congress create the U.S. DepartmentRead MoreMinimum Wage Persuasive Essay1106 Words   |  5 Pagesmore than the federal minimum wage? If you said yes then perhaps you are unaware of the many negative effects surrounding a higher minimum wage and after reading this you will be educated on why the minimum wage should not be raised. In the beginning, the minimum wage was created with good intentions. It was originally established in 1938 and was $.25 an hour (Sessions). It was created to make sure that businesses would not take advantage over workers. While the minimum wage was and still is a goodRead MoreThe Debate Over Minimum Wage940 Words   |  4 Pages The debate on raising the minimum wage has been discussed in detail in Congress for the past eighteen months. But as of late, writer William Finnegan suggests, it is â€Å"among the many urgent issues that it [Congress] certainly won’t address.† Though this issue is important, Congress seems to be putting off making any real decision in regards to raising the minimum wage. The bill to raise minimum wage from $7.25 per hour to $10.10 and hour over a two year period had been thrown around for monthsRead MoreMinimum Wage and Its Implications763 Words   |  3 PagesMinimum wage affects everyone. The current minimum wage is at $7.25 and President Obama announced that he wished to see a change in the minimum wage, he wants to raise the hourly wage to $10.10. A rise in the income of those who are employed will also raise the cost of hiring unskilled labor and can potentially reduce the number of people hired by businesses. Also, if minimum wage is raised then the price of the products that the companies are making might increase which will continue the cycle ofRead MoreMinimum Wage Should Be Legal1156 Words   |  5 PagesIn United States, we hear the government, businesses argued about minimum wage. Whether it should be raised or leave it the way it is. But, what exactly is minimum wages? Minimum wage is the least amount of money per hour that must be paid to a worker after surrounding a service according to the law. Many working class families’ lives depend on this minimum wages. There are few families who make less than $15000 a year who feed their families on this salary and still pay bills from it. Over the past

Buyer Behaviour Concepts Famous Fashion Brands

Question: Discuss about the Buyer Behaviour Concepts for Famous Fashion Brands. Answer: Introduction One of the more famous fashion brands, ZARA which is a Spanish retail giant confirmed that it will open its first store Down Under in the year, 2011. The store was 1830m2 concept store in the world class retail precinct of $1.2M. Zara needed to understand that customer base is different in different Geo-locations and same psychologies and concepts cannot be used for same set of customers across the globe. Here, in the next section we will talk about these concepts and models of customer psychologies (Mall, 2014). Impact of groups, lifestyle, social class and culture on the behaviours of a buyers potential The buying potential of customers is governed by several factors and some of the major factors are cultural factors, sub-cultural factors, social classes, cultural trends, social factors, family, social roles and statuses, personal factors such as way of life and age, purchasing power and revenue, psychological factors such as motivation, perception, beliefs, attitudes. Hence, it can be seen that not one but many factors play a vital role in deciding the buyers potential. Let us discuss these in detail (Mckinzie, 2016):- Cultural factors Culture and societal environment- Culture plays a vital role in understanding the needs of customer in an area. Throughout his/her lifespan the customer will get influenced by their friends, family, cultural setting or society which teaches those values, preferences ad some of the common behaviours for their culture. Sub-cultures- There are a lot of sub-cultures within a society and typically they are sects of people sharing same set of values which are based upon similar lifestyle and experiences. Social classes- Social classes are the groups which are more or less homogeneous ad ranked next to one another as per the social hierarchy. People belonging to different social classes have different sets of requirements and desires and have disparities which are a result of difference in purchasing power. Cultural trends- These are the trends which are followed by people in a culture and these trends get amplified with popularity and with conformity or compliance along with the social pressure and reputation which is required to be maintained. EXAMPLE- the different clothing companies, always according to their target market decide the prices and designs of their collection. There is always a difference in the stock marketed in two different countries or places. A textile company and their designers arrange for a different set of collection in India whereas in the African subcontinent, they make sure to release another set of collection according to the cultures, target market and sale benefits. Social factors Family- family is one of the most influential factors in governing an individuals choice. A family forms the environment wherein an individual shapes his personality, evolves and acquires different values. Along with other set of qualities, an individual also forms his consumer habits, his knowledge and view for different brands and the product they buy as per their familys values. Social status and roles- The position of an individual at his workplace family, group of friends and several other places make up his social status and role. A social role is something which an individual ought to have or embed in his nature because of his position at work and profession, family position and as per expectations of people surrounding them. Personal factors Way of life and age- The age plays an important factor in swaying the choices of an individual and a person will not have keen interest in particular brand and type right from the age of 20 till 70 years. For eg. With regards to diet an individual has a diet full of unhealthy products which gets transformed into healthier food options after marriage and in family life. The choosing factor can be said to play a vital role at the age of 25 then at the age of 65 which means that even this interest and choice is not fixed and more then that the intensity is also different for different ages. Purchasing power and revenue- The purchasing power or say job of a person also plays a vital role in deciding a particular brand. A lower middle class person will not search for ZARA or LOUIS VETTON rather he will search for discounted brands or average brands which fulfil his minimal requirements. Hence, revenue and purchasing power have a major role to lay in deciding the choosing capacity of an individual. EXAMPLE- The simple market of utilities is almost affected by the social factors. For example, if most of the people in a joint family go for toothpaste a then they mostly recommend for the same to other members of the family and even the society. Marketing of Items like toothpastes, soaps, eatables etc is mostly moved and guided by the social factors. Even textile items, mobile phones market can be moved by the basis of social factors, people and purchasing power of the society. Psychological factors Motivation- We can also term it as the intensity of need for a particular product in an individual. For increasing sales, companies ought to develop and create consciousness or reinforce the need of a particular product. Learning Perception Beliefs and attitudes EXAMPLE- Each individual is guided by his/her own psychological thinkings and thoughts. If a person prefers to wear clothes from ZARA then he might now feel comfortable in buying his clothes from any other company. This happens when the people are not flexible with the materials and brands. Sometimes, an individual trusts a single brand and prefers o give first priority to the same. This automatically affects marketing of the industries. Some positive and negative beliefs for certain companies by an individual can make a change. Rigidity towards one special product or brand effects market on a larger scale. Conclusion Hence, it can be concluded that ZARA needs to keep in mind a lot of factors before targeting its customer in Australia. ZARA has a very good chance to attract the creamy layer of Australian society which will create pressure on lower social classes to follow the trend and in the end ZARA will be the one benefiting from this outbreak of trend. ZARA should focus on reinforcing the need of these products in the customers mind and motivate them to purchase. References Mall, P. S. (2014, October 19). Zara | SYDNEY, new south wales, Australia. Retrieved September 10, 2016, from https://www.pittstreetmall.com.au/shop/zara.html Mckinzie, J. (2016, November 28). The 4 factors influencing consumer behavior. Retrieved September 10, 2016, from https://googleweblight.com/?lite_url=https://theconsumerfactor.com/en/4-factors-influencing-consumer-behavior/ei=ta-TT4Bflc=en-INs=1m=411host=www.google.co.ints=1473473021sig=AKOVD659ekGigQpTykXTOZxl94obCiTRfw

The Use of Recycled Materials in Highway Construction an Example of the Topic Science and Technology Essays by

The Use of Recycled Materials in Highway Construction Introduction Today's world is faced with various emerging and challenging issues such as acceleration of world population which is increasingly facilitating the amounts and types of wastes generation during the production and consumption processes. There has been waste disposal crisis globally due to creation of non degradable or non decaying wastes, attributed to the growing consumer behavior. In response to this challenge, one of the solutions is the process of recycling the wastes into more useful products through research and innovation practices. Need essay sample on "The Use of Recycled Materials in Highway Construction" topic? We will write a custom essay sample specifically for you Proceed This has brainstormed individuals, private organizations and highway agencies to develop and implement wastes application through analyzing the feasibility, performance, and environmental suitability of reuse of the wastes and more so in highway construction. Highway construction is an expansive project but use of waste products in this industry makes the undertaking a cost-effective process, thereby ensuring safe and economic use of waste materials (Horan, Gifford, 2001, 9). Commonly used recycled materials One of the waste materials widely used in highway construction is recycled plastics. Virgin polythene is used as an additive or component to asphalt concrete and asphalt cement additive. When sandwich bags and plastic trash are recycled, a recycled low density polyethylene resin is obtained that is used to manufacture both cement and concrete asphalts in form of pallets. Recycled plastic can also be used in the manufactured of Portland cement concrete through use of recycled high density polyethylene which replaces fine aggregate with light weight concrete. After application of these recycled plastics in the construction process, flexural toughness of the concrete increase, compressive strengths are maintained and impact resistance of the concrete improves generally. Guardrail, a product of recycled wood and plastics has been brought forth to replace block in construction of guardrail posts. This facility is cheaper compared to the use of conventional block materials. The end product is also of high quality because they increase resistance against damage and deterioration, thus achieving reduction in overall life cycle cost. Noise pollution has also emerged in the processes of production around the globe, causing health, brain and social problems. To evade this, noise walls made from recycled rubber and plastics have been developed. The shell of the wall is made of thermosetting, a byproduct of glass and polyester. The fill section of the wall is composed of ground, rubber tires and recycled plastics (Tibbets, 2002, 12). In the developed and industrialized nations, glass is one of the waste products released in high quantities. It is later recycled to cullet, a component in the glass manufacturing industry. In the construction field, glass can be used as an aggregate in the asphalt pavements or asphalt base courses which satisfactorily serve the normal conventional pavement functions. Glass cullet has been approved for characteristics such as permeability, gradation, compaction, durability, specific gravity, thermal conductivity, and their strength and workability as an aggregate in the construction processes. In addition, recycled glass is being used in the manufacture of glass beads which are used as traffic control devices (Tibbets, 2002, 14). According to Carpenter (2001, 19), "the combustion process is common and widely used in production and in the day to day activities. This happens mostly during coal combustion which releases wastes like fly ash, bottom ash and combined ash. Among other residues, ash is produced, especially when municipal solid wastes are burnt or depending on the type of coal burnt". This ash is characterized by different physical and chemical aspects of toxicity and leaching ability. When coal containing sulfur is burnt, sulfur dioxide is released. This calls for use of scrubbers to reduce the amount of sulfur dioxide used. Bottom ash or slag is larger with heavier particles that are found at the bottom of hopper after the combustion process, and complies with environmental standards of toxicity. Bottom ash has sufficient engineering properties and uses. It has been used as aggregate for light weight concrete, sandblasting abrasive and as an abrasive in pavement deicing products and materials. Combined ash is the product of mixing both fly and bottom ashes, which are placed in landfills. Depending on the type of plant and coal source, it physically includes gradation, specific gravity and loss on ignition. Combined ash is used as partial fine aggregate replacement in the asphalt concrete mixes. Fly ash contains higher percentage of heavy metals such as cadmium and lead, leachate and other acidic components. In highway construction, incinerator residue is used as a partial aggregate substitute in the asphalt concrete base course. The performance of the substitute is equal to the conventional asphalt pavements (Carpenter, 2001, 21). Ash can also be used in stabilized and unstabilized bases and sub-bases as an aggregate, because the original components are aluminium oxide, iron oxide, calcium oxide and silicon oxide. In the process of highway construction, coal fly ash can be used as mineral admixture to Portland cement concrete, road base stabilization, roller compacted concrete and soil stabilization. Ponded fly ash has also performed well as a component in stabilized aggregate base course. This kind of ash is first sluiced into a disposal pond. Tests have shown that this experimental mix outperforms conventional mix and the rutting rate is significantly lower. Results from the various applications show that cement-treated ash produce higher density and compressive strengths compared to conventional soil cement. Leaching tests upon cement-treated ash have shown compatible and accommodative levels of cadmium, lead and copper that meet legal drinking water specifications of various agencies (Foster, 2008, 13). Highway related applications show a wide use of crumb rubber modified asphalt, which has good performance and environmentally friendly. Recycled rubber tires in combination with recycled plastics are recently being employed in making of noise walls' lightweight fill, channel slope protection, sub grade insulation and as an additive to the Portland cement concrete pavement. Ground scrap tires are also used in manufacturing Portland cement concrete. This happens when scrap tires are processed by removing the loose steel and fibers, which are finally ground. The ground rubber then acts as a substitute for fine aggregate. However, when high amount of rubber is used, the flexural and compressive strengths decrease. Gravel surfaced roads in most times experience severe deterioration in seasons of spring thawing because of frost penetration from beneath. To counteract this scenario, tire chips have acted as effective insulation layers against the frost. Its performance has been approved by use of resistivity gauges, groundwater monitoring wells, weather station and thermocouples. Recycled tires can also be used to make blocks for constructing retaining walls and landscaping. Through recent technology, scrap tires can be converted into a form for making stakes or poles. The tires are split and flattened, rolled in a spiral fashion and finally form almost solid log of reinforced rubber material (Foster, 2008, 15). Carpet industries around the world also produce carpet waste fibers. These fiber wastes have been incorporated in the manufacture of alphalt pavements and Portland cement concrete. Recycled fibers obtained from old carpets can also be used for concrete reinforcement, when the fibers are mixed with concrete in standard drum mixer. Flexural and compressive strengths comparison between concrete free of fibers and concrete with a percentage of virgin polypropylene fibers indicate good appreciable effects markedly handle the issue of compressive strengths. The toughness indices indicate that the more the amount of carpet used, the higher the concretes energy absorption abilities. On this same field, waste nylon fibers can be used to reduce the level of plastic shrinkage cracking. This is performed when the fibers are packed in water soluble bags and latter added to fresh concrete in the time of mixing. There is no observed or suggested difference from the conventional concrete with reference to flexural and compressive strengths. Increased addition of nylon fibers into Portland cement concrete panels proportionately reduces the plastic shrinkage and heating. This is because when nylon fiber is used in construction and heating panels, the rate of radiation increases and thus helps in prevention of cracking. Recycled fibers have also been proved to be increase efficiency when used in dense graded asphalt mix and polymer modified. Tests made on these include resilient modulus test, indirect tensile strain, lottman stripping tests and indirect tensile stress. According to these tests, there is no appreciable deviation from the performance of commercially available fibers. In the real application, addition of asphalt is primarily required to coat the surface area of those fibers compared to the thickness of the fiber films (Allen, 1998, 10). Another waste known as roofing shingle waste can be used in the make of asphalt pavements. When they are added to dense graded mixes, they result to a reduction in optimum content of neat binder, develop and enhance the ability to densify under compaction, increasing the component of plastic strain in permanent deformation measurements. It also reduced cold tensile strengths, of which the impact was determined by the type of shingle waste and grade of asphalt cement. However addition of more roofing shingle wastes reduced the potentiality for thermal tracking. The same material can be used in stone matrix asphalt mixes, which results to an admirable content of neat binder content. Shingles are ground uniformly to resemble coffee grounds and then added to drum mix plant to undergo a recycling process for the construction of asphalt pavement. So far, no pavement construction performance has been reported or detected since the recycling process commissioned. Old roofing material is also applied when making asphalt cold patch, which lasts three months more than the conventional cold patch material (Allen, 1998, 22). Flue gas desulphurization waste is another common waste. In the highway construction network, it is used in stabilized road bases to act as an embankment and pavement material. It is trusted to make dry weight of great early strength and high sulfate resistant Portland cement. So far, there is no any evidence of physical deterioration associated with the use of the waste as waste embankment. According to current researches, some materials have been categorized to compose the best set of wastes to use in highway construction. Such materials include rubber tires, recycled plastics, roofing shingle wastes, glass, carpet fibers, municipal solid waste combustion ash, blast furnace, steel slags, coal ash byproducts, fly ash, FGD waste and bottom ash (Horan, Gifford, 2001, 11). In larger part of the world, there is an increasing concern on the public, federal government, state regulators and industries to explore, invent and develop the use of recycled materials in the highway environment. Although this is an historical process, it is still new in the developing countries. The use, management and regulation of recycled materials is usually jurisdictional, a role attached to state transport and environment agencies. Most of the by-product materials are generated in the transport sector, municipal sector, industrial sector and mining sector. The wastes released from the transport sector include reclaimed asphalt and Portland cement concrete pavements, street sweepings, dredge materials and excess fill. Materials from industrial sector include blast furnace slag, nonferrous slags (phosphate, copper, and zinc), steel slag, coal combustion residues (fly ash, boiler slag, bottom slag, and flue gas desulphurization wastes), kiln dusts (lime-kiln and cement), baghouse dusts (smelters and asphalt plants), slags and foundry sands. Materials from municipal sector include biosolids, scrap tires, waste glass, wood waste, roofing shingle scrap, wastewater sludge ash, petroleum contaminated soils, municipal solid waste combustor residues, demolition and construction debris. Materials from the mining sector include quarry waste, mill tailings and phosphogypsum. These materials are used to replace conventional ones in fabrication of highway appurtenances like guardrails, signs and bridges, used as substitutes for pavement structure, as supplementary and aggregates cementitious materials especially in asphalt and Portland cement concrete, stabilized base and subbase or granular, fill, landscaping materials and as substitute embankment (Tibbets, 2002, 16). Mining industry generates high amounts of by-product materials, inaccessibility of mining operations with respect to the major metropolitan zones where demand for highway construction is high and there exist deficiency. This fact limits the potentiality of using large amounts of these resources widely. Conclusion In conclusion, the world faces and will continue to face environmental conservation problems due to cultural, economic, social and political diversity. The aspect of cooperative advantage is driving environmental conditions far from the safe side because countries are utilizing the available resources ignoring chances of possible harm to the rest of the world. The changing consumer behaviors and competition is calling for hi-tech production means, thus employment of production means which are harmful to the atmosphere. The problem has not been the emissions, but the disposal mechanisms. Existing landfills are filling up. One solution to this mayhem is to develop and implement beneficial uses for the residues. Highway construction uses great amounts of diverse wastes. Emphasized use of residue byproducts in lieu of virgin materials relieves disposal burden and avail inexpensive and advantageous construction products. Most of the waste materials used in the highway construction have limited applications in other fields to an extend that only such constructions can utilize those particular wastes. Again, most of them are non degradable and non-decaying such that they are very harmful to the environment and accumulation of such can extend adverse impacts upon the lives of individuals (Carpenter, 2001, 27). Therefore, use of recycled materials in highway construction should be imposed and implemented by all nations to contain the wastes disposal crisis threatening the world. Work Cited Allen Hershkowitz. In Defense of Recycling. Social Research, Vol.65, 1998, pp.10, 22 Carpenter Titus. Environment, Construction and Sustainable Development- Vo.1. New York, John Wiley and Sons, 2001, pp.19, 21, 27 Foster Mark. Looking beyond the Highway: Dixie Roads and Culture. Journal of Southern History, Vol.74, 2008, pp.13, 15 Horan Thomas & Gifford Jonathan. New Dimensions in Infrastructure Evaluation: The Case of Non-Technical Issues in Intelligent Vehicle-Highway Systems. Policy Studies Journal, Vol.21, 2001, pp.9, 11 Tibbets John. Under Construction: Building a Safer Industry. Environmental Health Perspectives, Vol.110, 2002, pp.12, 14, 16