Essay Sample - How to Prepare For Your Next IELTS Essay Sample

Essay Sample - How to Prepare For Your Next IELTS Essay SampleIf you are planning to take the IELTS exam, then you should know that there are a lot of essay samples to choose from. When it comes to giving writing samples for the IELTS exam, the first thing that you have to do is to get your chosen subjects and essay sample materials. Here are some tips for those who want to select the right topic in writing for the exam.You have to be aware that the sample you are going to give must not only address the particular subject of the essay but must be more oriented to the type of student you are talking about. For example, if you are going to give an essay for a history subject, you have to provide the topic from the specific period. You cannot base the essay on history from earlier years. You need to be more knowledgeable about that particular history. You need to write essays on historical figures or events and its relation to the current world.You also need to prepare your essay sample s by highlighting the specific topic you want to give. If you want to give an essay about professional development, then you have to give topics from the same field. Do not just look at the subject but look at what other people have done in the same field and what they did in order to survive.The topic must be important for the subject to be interesting. The students might come up with the same topic in a different way but they will be just like everyone else. In this case, their essay would be a good one. If you want to give a sample for a language subject, then you have to give the language and make it interesting. You can even put the language in the author biography.But before you can help your students to come up with good topics, you need to know about the specific language and the subjects you will teach. There are a lot of grammar books available for different languages and subjects. Some grammars for English are available in many formats like DVD and eBook.One more tip for the use of essay samples is that you have to give the topic you want in a rough form. After the reading of the topic, you will have to come up with more work. However, after that you can now start your students and let them revise until the deadline.One more great tip is that when you are preparing for the IELTS test, you should not be so much concerned with the subject of your essay but more with the tone and language you want to use. You should not try to use high volume of words. You should focus on the theme of the essay.

Analytical Review Apollo Shoes Essay example - 951 Words

Apollo Shoes, Inc. Potential Problem Areas December 31, 2011 The following refers to the Comparative Trial Balances, GA-7.1 through GA-7.5: Accounts Receivable, Other Receivables, Allowance for Doubtful Accounts, Bad Debt ExpenseInventories and Reserve for Inventory Obsolescence Prepaid Insurance and Insurance Expense Machinery, Equipment, and Office Furniture Accounts Payable Taxes Payable Line of Credit Sales, Sales Returns, Net Sales – Relationship to Inventory Research amp; Development Administrative Wage Expense Miscellaneous Income The following refers to GA-7.5 – Selected Ratio Comparison: Days Sales in Inventory Days Sales in Accounts Receivable Other points of interest: 7GA-7.1 Apollo Shoes, Inc. Analytic†¦show more content†¦Account W/P Common Common # Title Ref. Balance Size Balance Size Amount Percentage REVENUE 40000 Sales 246,172,918.44 102.33% 245,213,452.88 106.40% -959,465.56 -0.39% 41000 Sales Returns 4,497,583.20 1.87% 13,600,220.89 5.90% 9,102,637.69 202.39% 42000 Warranty Exp 1,100,281.48 0.46% 1,158,128.47 0.50% 57,846.99 5.26% Net Sales 240,575,053.76 100.00% 230,455,103.52 100.00% (10,119,950.24) -4.21% EXPENSES 50000 COGS 141,569,221.61 58.85% 130,246,645.26 56.52% (11,322,576.35) -8.00% Gross Margin 99,005,832.15 41.15% 100,208,458.26 43.48% 1,202,626.11 1.21% GA-7.4 OPERATING EXPENSES 57500 Freight 4,302,951.46 1.79% 4,236,263.09 1.84% (66,688.37) -1.55% 60000 Advertising Expense 897,140.01 0.37% 986,854.01 0.43% 89,714.00 10.00% 61000 Auto Expenses 208,974.39 0.09% 214,502.80 0.09% 5,528.41 2.65% 62000 Research amp; Development 31,212,334.17 12.97% 543,870.44 0.09% (30,668,463.73) -98.26% 64000 Depreciation Expense 133,000.00 0.06% 446,000.00 0.19% 313,000.00 235.34% 64500 Warehouse SalariesShow MoreRelatedBeginning the Audit Report Essay1934 Words   |  8 PagesTo: Senior Partner From: Kim Cummings Re: Apollo Shoes Audit Dear Senior Partner: As you know, our firm has been selected to perform the Apollo Shoes audit. The planning process has been the most delicate stage as we want to ensure we have a solid audit approach. The team I select will be dedicated in meeting the objectives and strategies for completing the audit. I will briefly explain to you how I plan to begin the audit process. Now that Apollo Shoes has selected our firm, the initial planningRead MoreSubstantive Procedures for Cash Outflow Irregularities Essay1123 Words   |  5 Pagesdifferent accounting departments at Apollo Shoes. An audit program will be designed according to the three cycles that will be outlined below. The first cycle that will be discussed is cash, then accounts payable and finally the payroll function. These cycles will be evaluated for substantive procedures for Apollo Shoes and detect irregularities for each section and an appropriate audit program will be designed for each department. Cash At Apollo Shoes irregularities or cash schemes, whichRead MoreAudit Report And Internal Control Evaluation943 Words   |  4 PagesANDERSON, OLDS WATERSHED Certified Public Accountants Independent Auditor’s Report To the Board of Directors of Apollo Shoes, Inc. We have audited the accompanying balance sheets of Apollo Shoes, Inc. as of December 31, 2007 and 2006 and the related statements of income, shareholder’s equity and cash flow for the two years in the period ended December 31, 2007. Apollo Shoes’ management is responsible for the financial statements presented, for maintaining effective internal control over financialRead MoreAudit Introduction Letter1178 Words   |  5 PagesAudit Introduction Letter Elizabeth Grieco ACC 546 February 11, 2013 Hillary D. Edmondson Audit Introduction Letter TO: Apollo Shoes, Inc. FROM: Elizabeth Grieco, Auditor-In-Charge Anderson, Olds, and Watershed (AOW) DATE: February 11, 2013 SUBJECT: Auditing and Other Assurance Services Available SUMMARY: This memo includes information regarding the services that Anderson, Olds, and Watershed (AOW) is able to provide to clients as well as the standards that auditors must followRead MoreEvidence Law and Audit Program Essay879 Words   |  4 PagesAs corporate controller for Apollo Shoes, you are tasked to find and explain any irregularities in the Apollo Shoes Case. Resource: Apollo Shoes Casebook Define the process you will use and address the following assessed classroom discussion questions: What procedures will be used to collect accounting evidence? What sampling tools and techniques will be used for the examination? How will you use analytical and inferential tools to evaluate accounting evidence? Submit your assignmentRead MoreBeginning The Audit Report A Essay2026 Words   |  9 PagesBeginning the Audit Report October 25, 2007 Mr. Joe Bootwell Executive Senior Vice-President CFO Apollo Shoes, Inc 100 Shoe Plaza Shoetown, Maine 00001 Dear Mr. Bootwell, Thank you for choosing Team D Auditing for your audit needs. This letter is to inform you on how we plan to begin the audit process for your company. We will be performing an audit on the financial statements for Apollo Shoes for the year ended December 31, 2007 in order to provide reasonable assurance that the statements areRead MoreAudit Program Design Part Ii - Acc546 Essay example1797 Words   |  8 Pages2011 Audit Program Design Part II The audit of Apollo Shoes, Inc. requires a design of steps to develop audit objectives to plan the audit. The financial statements are divided into cycles to better manage the audit and disperse to staff within the firm. The following cycle’s sales and collection, payroll and personnel and acquisition and payment were developed to design test of controls, substantive tests of transactions and analytical procedures. Anderson, Olds, and Watershed, LLP willRead MoreAudit Program Design Part 21844 Words   |  8 PagesKendrick Cross, Teresita Gunn, Geri Franco, Heather Swayze ACC/546 July 08, 2013 Joseph Oloyede Sales and Collection Cycle When engaged in auditing a public firm, such as Apollo Shoe Inc., an auditor must determine when to trust in the company’s internal controls and when to ascertain auxiliary testing methods are obligatory to analyze control risks. The sales and collection cycle is rather a substantial fraction of the auditRead MoreAudit Program Design Part Iii for Apollo Shoes Essay1294 Words   |  6 PagesAudit Program Design Part III for Apollo Shoes Crystal Spencer ACC/546 September 24, 2012 Deborah Fitzgerald Thomas Sloan and Spencer Auditing Firm during phase III of Apollo Shoes audit plan, we will focus in two key cycles, which are the following: inventory and warehouse cycle and cash cycle. It is important to understand that are six types of transactions in the inventory and warehouse cycles which are: receive raw materials, store rawRead MoreAcc 5561986 Words   |  8 Pagesand forensic accounting (4th ed.). Hoboken, NJ: John Wiley Sons. Wells, J. (2011). Principles of fraud examination (3rd ed.). Hoboken, NJ: Wiley. All electronic materials are available on the student website. Supplemental Resources Apollo Shoes Casebook Web-Based Version http://highered.mcgraw-hill.com/sites/0078136644/student_view0/apollo_shoes_case.html Week One: Overview of Fraud and Abuse Details Due Points Objectives 1.1 Identify the impact of occupational fraud and

The United States Of America - 1019 Words

The United States of America is composed of redefining events that shape government and politics today. Historical events consciously created a path to the nation we live in, thus establishing equal rights for liberty. However, these rights were not initially believed to be universal, therefore, the president had to lead the country to equality among its citizens. The five most important forces or events that led to the development of the United States before 1865 began with the election of President Abraham Lincoln in November 1860, who was morally opposed to slavery, thus empowering his leadership against division in America. Subsequently, Lincoln’s election divided the country between free states and slave states who in 1861, formed the Confederate States of America in Montgomery, Alabama, by the convention, resulting in Lincoln’s necessity to call for 75,000 volunteers to fight against the Confederate states. As a result, President Lincoln issues the preliminary Ema ncipation Proclamation in 1862, liberating all slaves as January 1, 1863. Followed by the three-day battle in Gettysburg, where 17,000 union soldiers were wounded and killed. Successively, in 1864 Lincoln’s re-election reestablished the union. Finally, in 1865, U.S congress approves the thirteen amendment, where in the same year of Lincoln’s reelection he was fatally shot; nevertheless, the nation unites and the civil war ends after 620,000 American soldiers were lost. ConclusivelyShow MoreRelatedThe United States Of America1536 Words   |  7 PagesThe United States of America is well known throughout the world for tis democracy ant the freedoms of its citizens. Since declaring its Independence from Great Britain rule in 1776, the United States of America has undergone a continuous effort to maintain law and order. In order to create a strong federal government with a system of check and balances the Constitution was proposed and ratified. The Constitution of the Un ited States became the Supreme law of the land. (The Constitution) We theRead MoreThe United States Of America1317 Words   |  6 PagesThe united states of america has been in many world affairs since its creation. One of the earliest international events that can be attributed to having direct links with the Great Depression was the Manchurian Crisis of 1931. War had broken out between China and Japan, who had both suffered due to the counter measures and high tariffs set by America and Europe to combat the Great Depression. Japanese army officers in Manchuria manufactured an incident, took over the province and on their own createdRead MoreThe United States Of America995 Words   |  4 PagesThe United States of America has always been known as the home of â€Å"The American Dream†. This consists of the nice house with the family, the dog and the white picket fence. Lately, however, the country has been losing this dream. Lately the corruption of the United States of Ame rica has taken over this dream that led so many to want to make a home in the country. Politics has become a contest of money and power. Money has come to equal power, and it shown through all elections. The Federal ElectionRead MoreThe United States Of America1551 Words   |  7 Pages The United States of America: the place that praises the â€Å" American Dream† that countless people try following but never really succeed in accomplishing because of systemic racism. It’s easy to tell people to pull themselves up by their bootstraps, but what if they don’t even have bootstraps to begin with? The American Dream is a sugar coated lie. After hundreds of years of colonization, mass genocide, racism, white supremacy†¦ It is deceptive to tell minorities that they can be as successful asRead MoreThe United States Of America Essay1694 Words   |  7 PagesA crash in america may be coming a lot sooner than many people think. The United States of America is facin g problems a lot of people are either unaware of or just dont think its a big deal. Most of america think that our economy and government is in alright financial shape, That may not be the case though. America is in bad shape and it seems to be going down hill. America is declining in world power as well and this is just another factor leading to a crash in the future. Other nations are growingRead MoreThe United States Of America1244 Words   |  5 PagesFrom Northern Pakistan to The United States of America, The Exchange Student Probably to everybody’s shock, nobody could have imagined how poorly executed the 45th’s President Executive Order shortly after it was established. Any person, who is from one of the seven designated Muslim countries in the Middle East, are not allowed the right of entry into the United States of America. People like Syrian Refuges are ban indefinitely until the 46th POTUS reverses that order, who are seeking nothing butRead MoreThe United States Of America1674 Words   |  7 PagesThe United States of America is the world largest single economy with a lot of trade activities with other nations. The country has traded with other nations for centuries hence it is an important economic partner (Jensen, Quinn Weymouth, 2015). The country normally has a lot of influence in the world trade since it serves almost all the nations worldwide. In fact, most of the trade policies that affect the whole world have been proposed by the United States of America. Moreover, the count ry isRead MoreThe United States Of America1354 Words   |  6 Pages The United States of America was sought out by immigrants as a place of freedom and refuge. Throughout America s short history, people from all over the world looked to America as a land of opportunity. Immigrants from Eastern European countries such as Poland, Lithuania, and Hungary poured into the United States in the mid 19th century. The large amount of immigration from Eastern European countries to the United States between 1919 and 1924 was due not only to the opportunities of work and freedomRead MoreThe United States Of America1340 Words   |  6 PagesThe journey of how the United States of America became the United States of America is a very complex one. With America declaring separation from the Great English Empire, to the organization of becoming a free, sovereign nation and lastly, the migration and colonization of the now, western United States, including the great state of Nevada, has many compo nents. The Declaration of Independence initiated the process of becoming a country of its own. This Document pushed the separation from EnglandRead MoreThe United States Of America938 Words   |  4 PagesThe United States of America is one of, if not the most developed nation in the world as of 2014. America is well-known for its freedom and opportunity it offers, which is why many individuals sought out for it. But I am not going to write about America’s many achievements and prestigious comforts. I would like to address the current situation that has been haunting America for quite some time now. In the last century, technology all around the world has undergone dramatic changes, whether it is

Importance of Carbohydrates in living organisms free essay sample

Carbohydrates contain carbon, hydrogen and oxygen in the ratio of 1. 2. 1.. There are many different types of carbohydrate, all of which are useful to living organisms. The most important carbohydrate is probable glucose. Glucose is a monosaccharide and is the monomer unit which makes up more complex polysaccharides. Two glucose molecules can be joined in a condensation reaction, whereby water is removed, for example to produce maltose, a disaccharide. The bond between the glucose molecules is a ? 1-4 glycosidic bond. Glucose is also soluble, a reducing sugar and the blood sugar of mammals. It is respired to produce ATP (adenosine triphosphate, a chemical energy store) and is therefore required for growth. During glycolysis, a process which occurs in the cytoplasm and generates 2 ATP, glucose is phosphorylated to produce a 6 carbon phophorylated sugar. Glucose is essential for respiration and therefore essential for ATP production. ATP is required for various activities, for example active transport systems such as glucose reabsorption in the kidney, or muscle contraction. We will write a custom essay sample on Importance of Carbohydrates in living organisms or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There are two other monosaccharides: fructose and lactose. Fructose is found in sperm and in fruits, to make them more attractive to animals. Lactose is found in the milk of mammals and is an important energy supply for their young. These monosaccharides also help to build disaccharides. Glucose and fructose join together to form sucrose and glucose and lactose join to form galactose. Sucrose is the major transport carbohydrate of green plants. It is transported in the phloem by translocation. It is formed in the leaves by photosynthesis. The Calvin cycle (the light independent reactions) which takes place in the stroma produces glucose, which in turn is changed into sucrose. Complex carbohydrates (polysaccharides) are produced from glucose, monomers. Cellulose, for example, is a long chain of glucose units (about 3000 units). Each unit is joined to the next by a ? 1- glycosidic bond. About 2000 cellulose chains are packed into cellulose fibres which make up plants’ cell walls. Cellulose, therefore, is major structural carbohydrate of green plants. The cell wall containing cellulose provides support in herbaceous plants and when impregnated with lignin it acts as a water proofing layer and provides great strength. Starch is another polysaccharide of green plants, it is their storage carbohydrate. Starch is made up of amylose and amylopectin. Amylose is a long chain of glucose monomers, joined by ? 1-4 glycosidic bonds whereas amylopectin is made up of shorter branched chains of glucose monomers. Starch is stored in chloroplasts as starch grains. It is used, in green plants, as the carbohydrate which respired to produce energy. It enters into glycolysis in the cytoplasm, in place of glucose. Therefore starch is extremely important for green plants because it is essential for ATP production. In green plants, ATP is used in the Calvin cycle, to help turn glycerate-3-phosphate into glyceraldehyde-3-phosphate and to help turn this back to ribulose bisphosphate. Glycogen is a third polysaccharide, it is the storage carbohydrate of animals. Glycogen is formed from glucose in the liver cells, under the influence of the hormone insulin. This process is called glycogenesis. Glycogen is a n energy store and if blood sugar levels fall too low (for example during periods of dieting or fasting) it is turned back into glucose. This is called glycogenolysis and is influenced by the hormone glucagon. Glycogen, therefore, is important in homeostasis, the maintaining of a constant internal environment. In conclusion, carbohydrates are extremely important to all living organisms and without them these organisms would die.

Instruction Strategies for Differentiated Teaching and Learning

The main reason behind the assessment plan is to help in collection of the students’ information which will be significant in identifying their potential and their areas of difficulty. Teachers who are well trained have the ability to distinguish content, process, and product for students. By knowing this differentiation, it becomes easy to have a plan that will enable the students to use the same curriculum by issuing out the entry points, learning tasks and outcomes that are designed to the needs of students (Schlemmer, 2011).Advertising We will write a custom essay sample on Instruction Strategies for Differentiated Teaching and Learning specifically for you for only $16.05 $11/page Learn More At the end of every lesson, I shall use the assessment from the classroom to supervise the students’ mutual understanding of various concepts being taught in class. In fact, this will be essential to my planning of the lessons. In the due process, I will be able to point out areas that need perfect review (Schlemmer, 2011). In order to monitor the students’ improvements, assessment can be done in form of questions, special projects and daily or weekly worksheets. So students’ prior knowledge to a particular topic or subject is very essential in identifying their understanding of the subject (Schlemmer, 2011). Differentiated Process Students should be able to explore their learning environment appropriately. This at the end should be achieved by noticing the results that come as a result of how they behave towards each other and their teachers in mutuality. This mutual understanding is achieved through the establishment of mutual group activities among the students. In addition to this, students should work as a group with their respective colleagues. Similarly, they should be able to help their partners who have areas of difficulty. They should be able to encourage their colleagues towards their class work. Stud ents should be students of their students. They are required to identify the main information or idea within the story (Schlemmer, 2011). Product Having read and analyzed a particular story, the students should be able to create a reflection on what they have learnt, for example, a sketch to show that they have really understood something. In addition to this, they should be able to write a report which will clearly identify their general understanding of the topic. Students should have a small story that proves their understanding of the topic given (Schlemmer, 2011). Content Tapes that contain the information from the syllabus should be used to those students who have difficulty in reading. This will enable them to capture the necessary information. A teacher should make a small group of students with whom he can talk to at a time. This will enable him to know what the students need and identification of important ideas behind the story by the students (Schlemmer, 2011).Advertisin g Looking for essay on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More A class that supports multiple learning should be created through the teacher. The teacher is required not to use cruelty ways of teaching which will discourage the students from continuing with their studies competently. A variety of techniques need to be added by creating an interesting teaching method that lures the attention of the students. This will keep them active for a long time. At the same time, it will improve their understanding of the subject being studied. Students for instance will develop their self-awareness when they pass various questions asked by the teacher. Their response in regard to various problems should also be considered. These creation of stories and songs of entertainment will boost their concentration on class work. In pre-primary studies the students should be able to know how to write words in small letters and capital letters a t the end of the study (Schlemmer, 2011). References Schlemmer, P., Schlemmer, D., Schlemmer, P. (2011). Teaching kids to be confident,  effective communicators: Differentiated projects to get all students writing,  speaking, and presenting. Minneapolis, MN: Free Spirit Pub. This essay on Instruction Strategies for Differentiated Teaching and Learning was written and submitted by user Kaylen Y. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Managing a Retailers Finances

Managing a Retailers Finances The merchandise budget The merchandise budget is a clear plan of the sales anticipated by a retailer over a given period in the future. The merchandise budget influences the amount of commodities to be purchased by the retailing company. It also highlights the possible reductions and markups that the company might have to embrace.Advertising We will write a custom essay sample on Managing a Retailer’s Finances specifically for you for only $16.05 $11/page Learn More The merchandising budget should be prepared after considering the anticipated sales, the stock on hand, and the required gross margins for the company to attain higher profits. The language of the budget should be clear, and the budget must be based on a specific timeline. For instance, most retail firms create a six-month merchandising budget. The variables contained in a merchandise budget include the planned sales, planned BOM and EOM inventories, and the retail reductions. The budget m ust also contain the purchases at retail and cost, as well as the planned gross margins of the buyer. Retail accounting statements There are three retail accounting statements. These include the income statement, balance sheet, and the statement of cash flow. The income statement highlights the profit or loss made by the company over a given period. The balance sheet is a financial statement that highlights the company’s liabilities, assets, and shareholder’s equity at a given time. The assets must balance with the liabilities and the equity held by the shareholders. The cash flow statement breaks down the effects of different financial activities on the cash available for the retail company. Inventory valuation Inventory valuation entails calculating all the costs involved in the process of placing the items in the inventory in place. There are two methods of accounting inventory systems, and these include the cost method and the retail method. Inventory valuation als o includes inventory pricing systems, which may follow the first-in-first-out (FIFO) procedure or the last-in-first-out (LIFO) strategy.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Merchandise buying and handling Steps in Merchandise buying and handling The first step is identifying the most viable sources of supply. This involves identifying the best manufacturers. The second step involves contacting the suppliers. The third step entails conducting an evaluation of the prospective suppliers. This process results in the identification of the best supplier. The fourth step entails negotiations on prices and services associated with delivery. The last step is the purchasing process, which entails making payments and receiving the merchandise on the part of the retailer (Dunne, Lusch Carver, 2013). Dollar-merchandise planning Dollar merchandise planning influences the allocation of cash in the company because it determines the best way to balance the stock and sales. The plan highlights the desirable rate of spending for the company (Dunne, Lusch Carver, 2013). Dollar-merchandise control The retailer must control the dollar plan by limiting the commitments on merchandise that would exceed the dollar amount that the buyer can safely spend. Dollar-merchandise control ensures that the retailer sticks to the merchandise budget prepared at the beginning of a given period of business (Dunne, Lusch Carver, 2013). Inventory planning Inventory planning is a vital process in retailing because it involves the alignment of the quantity, timing, sales, and production capacity of the inventory. This process facilitates effective control of the profit margins of the company and the cash flow system (Dunne, Lusch Carver, 2013). Selection of merchandise source The selection of a merchandise source determines the cost of the inventory, and the profit margins for the reta iler. It is important to select a merchandise source based on affordability and reliability of the source (Dunne, Lusch Carver, 2013). Retailers can acquire their merchandise from different manufacturers; hence, there must be a comprehensive system to manage the supply chain.Advertising We will write a custom essay sample on Managing a Retailer’s Finances specifically for you for only $16.05 $11/page Learn More Vendor negotiations Vendor negotiations entail discussions on the price of the merchandise and delivery information between the retailer and the potential suppliers. This process facilitates a ground for bargaining between the involved suppliers and the retailer. Item creation and location Item creation involves the development of a unique tag on the items in the inventory that can be used to identify the items. Retailers must create items and feed the data to the inventory database for reference. The items should also indicate their specific location in the stores for easy access during the process of taking the inventory. Replenishment and in-store handling If the retailer is selling perishable goods with short expiry dates, it is important to prevent the LIFO effect on the consumers by limiting the number of batches of the products displayed on the shelves. This ensures that the retailer achieves the FIFO strategy in selling and reduces losses caused by the expiration of products on the shelves. This process also helps in handling the storage constraints in the store (Broekmeulen Bakx, 2010). Merchandise-line reviews This process involves the evaluation of the identified opportunities and challenges associated with the merchandise in the past. It also involves the formulation of solutions to the problems associated with the merchandise by looking at the solution derived in the past (What are the Key Elements of a Merchandise Planning System? 2015). Markdowns Markdowns are the levels of price reduction that the retai ler is forced to apply to the merchandise to respond to various constraints in the market. These constraints could be the availability of cheaper alternative products or bad assortment planning of the merchandise (Sayner, 2011). Retail Pricing Pricing objectives and policies Pricing objectives and policies influence the pricing of the products in a retail company. The pricing objective should be aligned with the strategic financial objectives of the retail company. The elasticity of consumer prices should be considered while setting the price objectives and policies (Varley, 2006).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Target return objective This is an investment tool that is used to determine the rate of financial returns that a retailer is looking to achieve from the merchandise. Profit Maximization Profit maximization is a technique used by retail companies to influence the attainment of the greatest profit on investments. It entails the manipulation of the prices of the products in the inventory to attain the highest profit margins (Varley, 2006). Skimming Skimming is a pricing strategy used by companies whereby they place the highest possible price for a commodity. As soon as the first client purchases the commodity at the set price, the company lowers the price to attract other customers (Varley, 2006). Pricing Strategies Pricing strategies are crucial in profit maximization because they determine the position of the products in a competitive retail industry. Companies must develop pricing strategies that foster the attainment of the greatest profit margins (Varley, 2006). Pricing below the market Pricing below the market is a strategy that entails offering products at prices that are below the standard market prices with the objective of enhancing the competitive power of the associated product. Pricing at market levels Pricing at market levels entails the development of a pricing strategy that matches set by other retailers in the industry. This pricing method is common for companies operating in a perfectly competitive market. Pricing above the market Pricing above the market entails developing a pricing strategy that places higher than normal prices of the products offered by a retailer. This technique is associated with the maximization of profits. Using Markups Markups are strategic tools used to raise the price of commodities when the demand increases. Markups entail adding specified rates for different commodities sold by a retailer. Markdown Management Markdown management entails the development of a control system to determine the minimum level of profit mar gins that the retail company is willing to obtain. Markdown management is essential in the development of pricing objective and policies because it entails the reduction of the prices of different products offered by a retailing company (Varley, 2006). Advertising and Promotion Advertising and promotion are indispensable factors in the management of retail operations. Advertising and promotion help retail companies to increase their market share by enhancing the awareness of the presence of their respective brands in the market (Belch Belch, 2011). Types of promotions Advertising Advertising in the retail industry is a viable strategy to communicate to potential clients and to create awareness of the existence of different products. Advertising helps companies to maintain and increase their market share. Advertising should be conducted in a persuasive manner to appeal to the target market (Belch Belch, 2011). Sales promotion Sales promotion is a strategy applied to increase the ra te of sales in a retail company. There are different methods of sales promotions, and their main aim is to entice consumers to increase the demand for a specific commodity (Belch Belch, 2011). Publicity Publicity involves the development of awareness of the existence of products. Publicity is a marketing strategy that increases the sales of specific products in a company, and it is widely used by retailers to introduce new products to the consumers. Personal selling Personal selling entails the use of a salesperson to sell products to potential customers. Personal selling is an effective strategy in marketing because it creates awareness of the existence of new products, and it also provides a platform for the retailer to persuade the target customers to purchase products. There are many strategies used in retail selling, but they follow specific steps. These steps include approaching the customer, determining the problem to solve for the customer, and presenting the merchandise to solve the problem. Making the sale and developing a relationship to open grounds for future sales are also important steps in the process (Belch Belch, 2011). Customer Service Customer service is a concept that encompasses all the services that a retailer provides to the customers in the retail store and other business platforms. Customer loyalty to companies is a function of the quality of services that the company offers. Customer services are normally provided to the consumers before they make a purchase, during the purchasing process and after the purchase is made. This provides a comprehensive coverage of services to keep the customer happy and satisfied. Customer care is a tool for adding value to the products offered by a retailer. Harnessing market share in a competitive market is difficult; hence, most retailers add value to their products by improving the quality of their customer services. This quality is facilitated by investing in training and development programs for the employees, and providing some extra free services to the customers. This may include free delivery of products (Belch Belch, 2011). Retail Selling Retail selling is the essence of doing business in the retail industry. It entails the development of a relationship with the customer and persuading the customer to assume a purchasing behavior that is beneficial to the company. Retail selling focuses on selling merchandise at the most profitable prices and quantity. Retail selling is associated with the sale of small quantities of merchandise to individual customers. The trick is to maintain a loyal market share that can help in the attainment of the objective of the company. Most retailers increase their selling rates by reducing the prices of their merchandise, and providing services that add value to the merchandise. The quality of the merchandise also plays a major role in retaining market share (Belch Belch, 2011). Store layout and design The layout and design of a retail st ore determine the number of sales and the type of products that consumers purchase. A good retailer must develop a store layout that facilitates the arrangement of products in different related categories. The layout should also aim at maximizing the available space. The merchandise should fit on the shelves available; hence space management is a crucial requirement. The design of the store determines the accessibility of the merchandise on display (Belch Belch, 2011). One of the best strategies used by retailers is the placement of enticing and new products near the entry of the store to attract customers. The design of the store should ensure that all the merchandise is clearly displayed. References Belch, G., Belch, M. (2011). Advertising and Promotion: An Integrated Marketing Communications Perspective. New York: McGraw-Hill Education. Broekmeulen, R. A. C. M., Bakx, C. H. M. (2010). In-store replenishment procedures for perishable inventory in a retail environment with handl ing costs and storage constraints. Web. Dunne, P., Lusch, R., Carver, J. (2013). Retailing. Boston: Cengage Learning. Sayner, R. (2011). Markups Markdowns. Web. Varley, R. (2006). Retail Product Management: Buying and Merchandising. London: Psychology Press. What are the Key Elements of a Merchandise Planning System? (2015). Web.

Why do directors need to have their duties spelled out in statute Essay

Why do directors need to have their duties spelled out in statute - Essay Example directors must promote the success of the company for the benefit of its members rather than benefiting other group’s interests, but in the same way, have to observe the interests of other groups that contribute to the success of the company such as suppliers. Enshrining the regulations as law in spelling the director’s duties, is meant to formulate a favourable corporate legal environment that offer ease of access to the corporate form, minimum interference with the company management and appropriate investor protection for the overall success of the company (Companies Act 2006, Section 170-177). Advantages The codification of directors’ duties provides a clear working ground that promotes a patent definition of their roles in ensuring that the company achieves greater heights of prosperity and growth. Right from management roles and integrating issues within the market under which the company competes the law provides that directors as trustees should act in the interest of the company’s success. They should have regard to all relevant considerations and highlighting areas of particular importance that will steer the company in heights of growth. Integrating and widening the enterprise culture is an increasing major policy that is upcoming in the United Kingdom. This however is enshrined in coming up with suitable legislation that will govern the directors of business companies in their exercise for the duties. This will help in providing a successful platform for initiatives in businesses to elevate the UK business environment into global standards and making it the best place to do business. The modernization of the company law is a significant drive to facilitate and enhance the UK business enterprises to be competitive in the entire Europe and around the world appropriate investor protection and managerial freedom Directors as Managers of the companies in the UK are expected to ensure that the proposed intervention legislation are modelled to