The Consumer Trends of Clothing and Textile Products Falling Under the Second-Hand Category Free Essay Example, 3750 words

UK s fashion market is increasingly inclined to the online platform according to recent observable market trends reported by Mintel (2011, para. 1). According to the report, fashion consumers using online platforms for their shopping solutions and is expected to continue to record higher figures in the future due to the use of the internet for market needs. However, the report notes that over 20 per cent of the internet surfers in search of fashion shopping information in the UK did not end up buying the fashion products. Whereas shoppers continue to flock the online platform in the UK, there are mixed fortunes in the actual consumption of fashion products due to a number of factors. According to general fashion consumption in the UK, there is a continued reduction in sales figures particularly towards 2011 due to obvious economic reasons (Monk 2011, p6). Perhaps the recorded unsuccessful online shopping by fashion consumers will continue for a while as occasioned by the economic ti me in which Europe continues to be entangled in. The mixed fortunes in the actual performance of the textile industry are perhaps a representation of the developments in the economy. We will write a custom essay sample on The Consumer Trends of Clothing and Textile Products Falling Under the Second-Hand Category or any topic specifically for you Only $17.96 $11.86/pageorder now While the UK is not entirely entangled in the Eurozone debt crisis and complications, there are indications that the macroeconomics of the continental pressures plays a role in the definition of market performance. Difficult times for the conventional textile markets in the UK and continued reliance on lower cost alternatives, the environment presents the second-hand fashion markets across the world. Despite the fact that the failure of the conventional market to thrive may be an indicator of a gradual death for the textile industry, market consolation from ideas of a conservationist approach makes the future of second-hand fashion in the UK to look even brighter. This paints the picture of the consumer trends for second-hand fashion since the prevailing economic times directly impacts on the performance of the textile industry (PWC 2010, p20). According to the findings of the report by PWC, western economies that the UK belongs to are experiencing difficult times from 2007 and the future looks bleak.

Physician Assisted Death And Euthanasia - 1450 Words

Physician-assisted death has been a hotly debated subject in the later 20th and early 21st century. The subject of physician-assisted death and euthanasia brings about a multitude of ethical dilemmas and causes people to dig deep into personal morals and self-evaluation. In this paper the different types of euthanasia will be defined, Oregon’s Death with Dignity Act and similar the laws enacted in Washington, Montana, and Vermont will be assessed, and the roles and viewpoints of healthcare professionals will be discussed. Active versus passive euthanasia are two different, albeit arguably similar, ways in which an individual is helped to die. Passive euthanasia involves withholding life-saving medical treatment or removal from life†¦show more content†¦Another type of active euthanasia is â€Å"active voluntary euthanasia (AVE) whereby, upon request by the patient, the physician ends the patient’s life through direct action (e.g., injecting a lethal dose of a drug into a patient)† (Leming Dickinson, 2016) and it is illegal to practice in the United States. Dr. Kevorkian, the famous euthanasia activist and physician was convicted of second degree homicide in 1999, for administering a lethal dose of medication to Thomas Youk, a 52 year old man in the end stages of Lou Gehrigs disease, at the patients request. Oregon passed a law in 1994 making physician-assisted death legal. Oregon’s Death with Dignity Act, Measure 16, was the first of its kind to be passed in the United States. â€Å"The Act would permit adult Oregon residents, who had voluntarily expressed the wish to die, to make a written request for medication for the purpose of ending his or her life in a humane and dignified manner. The patient’s attending physician was required to fulfill a list of responsibilities, including the initial determination of a terminal illness, and had to consult a second physician to confirm the terminal diagnosis† (Purvis , 2012). Additionally patients requesting physician-assisted death must be Oregon residents, be a minimum of 18 years of age, have six or less months to live, and make three separate requests for physician-assisted death, two oral requests (at least fifteen days apart), and

Target Costing Versus Customer Profitability Analysis

Introduction A manufacturing company in Coventry which is using traditional management accounting has asked for advice on improving operational performance. Following we introduce two contemporary developments (target costing and customer profitability analysis) and detailed analyze customer profitability analysis. Target Costing versus Customer Profitability Analysis (CPA) Target costing is an aggressive profit and cost management strategy implemented in the earliest stage of new product development. Different from conventional cost plus pricing methods in which the managers decide the prices based on existing costs. Target costing takes a different approach to identifying the price, profit and effectively control cost. In this process, the functional design and pricing strategy of a new product will be planned before cost and profit accounting. As Figure 1 revealed, based on market research, the analysis of market competition and willingness of target customers in paying each function will be taken as two criterions guiding the design of products. The positioning and pricing should be closely linked to each other in order to engage the product in target groups. Afterwards, with the restriction of price, the profits and costs involved in manufacturing and selling will be balanced. The profit m argin, which is estimated from expected return of investment from shareholders, is an indicator for managers to determine the proportion of profits and costs. Since theShow MoreRelatedEssay on Nissan Motor Company992 Words   |  4 PagesMotor Company – Target Costing System – Extra Question 1 – What is the purpose of Nissan’s target costing system? Nissan deployed target costing system to achieve following benefits Systematic approach: The purpose of the target costing system is to have a systematic procedure to manage costs for new product introductions in order to allow them to earn the necessary profit margin to meet corporate profitability objectives. Customer Orientation: Target costing promotes customer focused ratherRead MoreAcc 206 Final1520 Words   |  7 Pagesfashion, with the expected end target being to triple the current levels. The plan is to push sales into the targeted range of $3 million within 3 years versus the current amount which sits at $1.2 million. We will identify the perceived risk factors that may impact this aggressive strategy and its successful execution. The following will be those risk factors: i. Risk of product not meeting customer demands/expectations ii. Acceptability risk of customers with the new product being released Read MoreAbc System26363 Words   |  106 PagesC H A P T E R F I V E INTRODUCTION TO COST MANAGEMENT Activity-Based Costing and Management After studying this chapter, you should be able to . . . 1. Explain the strategic role of activity-based costing 2. Describe activity-based costing (ABC), the steps in developing an ABC system, and the beneï ¬ ts and limitations of an ABC system 3. Determine product costs under both the volume-based method and the activity-based method and contrast the two 4. Explain activity-based management (ABM)Read MoreStrategic Management Accounting: Adapting to the Changing Needs of Business2686 Words   |  11 Pagesattribute costing, brand value budgeting and monitoring, competitor cost assessment, life cycle costing, quality costing, strategic costing, competitive position monitoring, competitor appraisal based on publish financial statements and value chain analysis. This paper will review some of these recommendations that have had impact on development of strategic management accounting. The term SMA was coined by Simmond (1981, 1982). Simmonds (1981) defines the concept as the provision and analysis of managementRead MoreAldi s Performance Based On Their Current Strategy1742 Words   |  7 Pagescurrent competitive market. The report will identify the mission and fundamental objective of the company. Furthermore, the report draws attention to the analysis of strategies of ALDI and evaluates the performance of their current strategy by using Porters cost leadership and differentiation strategy. In addition, the report provides an analysis of external fit with the help of Porters Five competitive forces and ALDI’s existing performance against their FO. Finally report will conclude with fewRead MorePillsbury: a Tale in Management2520 Words   |  11 PagesWritten by: Louis Maatiaha Tangiia Pillsbury: A Revolutionary Tale In Management Assignment: Pillsbury Customer Driven Reengineering Date: 28/04/2013 Student Name: Louis Maatiaha Tangiia Student ID: 4594096 Abstract This report discusses the Pillsbury Company s reasons for changing their strategy and assessment of the new strategy using Value Chain Analysis and Activity Based Costing . A brief history of Pillsbury and its old strategy is outlined initially. The discussion then focuses onRead MoreMaf6803408 Words   |  14 PagesCUSTOMER PROFITABILITY ANALYSIS Customer profitability analysis (CPA) can be defined as a method used to compare the costs of all the activities used to support a customer or a customer group with the revenue generated by that customer or customer group. It is the analysis of the revenue and costs that relates to the customers which can be determined by considering the similarities and differences in customers’ buying behaviours and customer preferences. From the definition, it shows three featuresRead MoreStrategic Cost Management and the Value Chain2097 Words   |  9 PagesStrategy. From the article also, Shank and Govindasamy stated that the primary focus of a low cost strategy is to achieve the lowest cost comparative to competitors while the main focus of the differentiation strategy is to create something that customers perceive as being unique. Furthermore, the framework of the value chain is for breaking down the chain into strategically relevant activities. Methodology There are two (2) main steps involved in the Value Chain which are to identify the value chainRead MoreRole of Management Accountant2600 Words   |  11 Pagesreferences (Total 8 pages) ANNOVIM PLC ANNOVIM PLC INTRODUCTION Managers in Annovim Plc have to understand since the early 1980s a number of ‘innovative’ management accounting techniques have been developed such as activity-based techniques (costing, budgeting and management), strategic management accounting and the balanced scorecard. From the context of the assignment, each division is regarded as a profit centre, where the divisional managers of the three divisions i.e. candy bars, chews andRead MoreProductivity and Quality4407 Words   |  18 PagesActivity Based Costing for Activity Based Management Meiklejohn Paul, Director Management Consulting 17 February 2012 Agenda 1. What is Activity Based Costing (ABC)? 1.1 What is ABC and Why should it be used? 1.2 Traditional costing vs ABC 1.3 Activity based costing processes 2. How ABC should be used to manage (Activity based management)? 2.1 When to use ABC? 2.2 How to use ABC for ABM? 2.3 Scoring High - Low value adding activities 2.4 Activity Based Management applications 3. ABC/ABM implementation

Ant Observation Essay Example For Students

Ant Observation Essay The Observation of Ants Introduction Myrmecology has been around since the late 18th and early 19th century. Myrmecology is derived from the Greek word Murmek, which means ant. There are three main names that are most noteworthy: Linne who produced Systemae Naturae which he describes eighteen species of ants. Fabricius created five more genera and further described other species. Latreille was the most significant, he collected and studied the ants of Europe and described many species overlooked by his predecessors. In 1967 a fossil was found that was preserved in amber fossil which showed an extinct species of an ant dating as far back as the Cretaceous Age, near eighty million years ago (as cited in Ant Nest, 2005). Methods/Data The ant farm that was observed was numbered 15. The farm was located in the back of the biology lab room with artificial lighting. The ant farm structure is a clear plastic panel on two sides separated by a very thin space allowing for viewing by the observer, each of the four sides were made of a blue plastic, the inside had a blue fictitious farm looking structure for the convenience of the observer to get into the mental notion of being an ant farm creating a false surface and below ground (surface) appearance. The laboratory room has artificial fluorescent lighting and no windows for natural lighting. Visual observations without touching the plastic structure of the ant farm are to take place during the normal course of each of the six weeks consecutively that I am to be in the laboratory classroom. There are nine ants within the structure of the ant farm. Data is to be collected using the natural observation scientific method. This data is to be taken in note format and be extruded to this written scientific paper for submission. A table plotting a graph of the ant tunnel system and how many have been made has been attached as an exhibit. Results/Discussion During the six weekly visits to the laboratory where viewing of the ant farm was possible I noted ant activities that include the measure of how many ants there are and classified by alive versus dead ants, how many tunnels and to what degree and/or significance they may have to ant colony, then a scale of ant activities classified into several categories to include sleep/rest time viewed during my observation period which was usually around twelve noon each week on Wednesday. These measures taken produced a common schema of these particular common nine reddish colored ants and denoted that their activities had a common collective goal for the greater good of their community (colony). Due to the very limited and structure natural observation viewing schedule the data that has been collected is skewed to this bias. The ants seemed to have a common goal to build a tunneling system that included myriad of tunnels running throughout the ant farm below the artificial surface within the ant farm structure. The ants observed created a total of three homes which appeared as a large opening in the sand below the surface where the ants slept or rested in groups that appeared huddled together. There was no queen ant and only appeared to be worker type of ants that diligently went about the ant business of creating and maintaining the tunneling system. Possibly a better way to view the ant farms would be to either have varying schedules for monitoring the ants by natural observation method. Better yet would be the capacity to view these ants at varying times via the Internet by remote capacity by having the ant farms able to be recorded live through a series of two or more cameras, one of which should have remote control capacity to be able to move about panning from side to side and zoom in and out. .u95b67ec69020fd76b2e0ba29f0525f39 , .u95b67ec69020fd76b2e0ba29f0525f39 .postImageUrl , .u95b67ec69020fd76b2e0ba29f0525f39 .centered-text-area { min-height: 80px; position: relative; } .u95b67ec69020fd76b2e0ba29f0525f39 , .u95b67ec69020fd76b2e0ba29f0525f39:hover , .u95b67ec69020fd76b2e0ba29f0525f39:visited , .u95b67ec69020fd76b2e0ba29f0525f39:active { border:0!important; } .u95b67ec69020fd76b2e0ba29f0525f39 .clearfix:after { content: ""; display: table; clear: both; } .u95b67ec69020fd76b2e0ba29f0525f39 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u95b67ec69020fd76b2e0ba29f0525f39:active , .u95b67ec69020fd76b2e0ba29f0525f39:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u95b67ec69020fd76b2e0ba29f0525f39 .centered-text-area { width: 100%; position: relative ; } .u95b67ec69020fd76b2e0ba29f0525f39 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u95b67ec69020fd76b2e0ba29f0525f39 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u95b67ec69020fd76b2e0ba29f0525f39 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u95b67ec69020fd76b2e0ba29f0525f39:hover .ctaButton { background-color: #34495E!important; } .u95b67ec69020fd76b2e0ba29f0525f39 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u95b67ec69020fd76b2e0ba29f0525f39 .u95b67ec69020fd76b2e0ba29f0525f39-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u95b67ec69020fd76b2e0ba29f0525f39:after { content: ""; display: block; clear: both; } READ: Child Abuse Essay Thereby, random samplings of observations can have a larger capacity to fulfill the scientific criteria methods and be more significant in the depth of such a study. References Myrms Ant Nest. Myrmecology Retrieved February 14, 2005, from http://www.antnest.co.uk/index. html .