Lapdesk

It is a simple produce, but it is a good a idea. It is suit for person who has to work with laptop a long time and usually move. The price is about 30 pounds, it equals small desk cost, but you can bring it to wherever you want. It is fashion and it looks like a bag when you hold on it. We can replace a small desk and hand-bag by this product.
In production, they can choose suitable material to have different price for different customers. There are many different tasty of customers so they can have a separate designer to design styles. It will make more cost ,but they will have more customer.
In selling, they can sign constract with shops and have show room to their products become popular...we can have more information by the video under...

Nowadays, oil is a big problem. All costs depend on oil price so much.If there is a changing price, it will make another product price will be changed.For example, there is a 10p increasing oil price->produce cost increase-> product price goes up.
Oil is not unlimmited. We used it a long time, it will be over in one day in future. Scientists are looking for new fuel to replace, but now they are too expensive and not popular.
Green fuels are the best fuel to repalce for oil because they don't make pollution and we have them already.Israel is a country which produce a lots oil every year.If it goes first, I think it will make another countries follow.
Anyways, it will be a growth and popular industry in future.It a good idea. Now we can think it is a adventure, but when it grow up.I will be a high profitable business...

economic homework

Evaluate the important of managing aggeregate demand to bring about a sustained reduction in the rate of unemployment in the Uk economy?

Aggeregate demand is the demand of total products and services in a economy in period time.
Unemployment is the people avaiable for working,but have no job and looking for a job.
Rate of unemployment the percentage of the labour force who are out of work.

Managing aggeregate demand is very important to reduce rate of unemployment.The changing in demand is responsive and have relationship to rate unemployment.When AD is high , that rate will be reduced.When Ad is low, that rate will be increased.

We can use monetary policy,fiscal policy or supply-side policy to control and reduce that rate:

Monetary policy: central bank and/or government decisions on the rate of interest, the money supply and the exchange rate.
-Decrease interest rate->Firms will pay less interest when they borrow->they have less risks->increase investment confidence->more investment->rise supply for labours->reduce unemployment.
-Decrease exchange rate->lower export product price->increase overseas AD->A long time increase AS->reduce unemployment.
-Raise money->More money->spend more->Increase AD->...->reduce unemployment.

Fiscal policy:the taxation and spending decisions of a government.

-Reduce income tax->more disposable income->Increase AD->...->reduce unemloyment
-reduce corporation tax->more firms profit->increase investment->rise supply for labours->reduce unemployment.
-Increase gorvernment spending->rise confidence->increase AS and AD->....->reduce unemployment.

Supply-side policies:policies designed to increase AS by improving the efficiency of labour and product markets->rise supply for labours->reduce unemployment.

70% of total UK's GDP now comes from sector->change in AD of that will affect a lots in GDP.It also means increase in government spending and improve for service will raise GDP.They can use fiscal policy because it depends on government spending.Also they should reduce their dependance on producing services.It will reduce their risks for them.....
More more more.....

business revision

1.when does promotion not involve adverstising?
-after sales service
-divrect mail
-branding
-packaging
-public relations
-personal selling
-price reduction
-sponsorship
-trade fairs
-demonstrations
-merchandising
2.why do companies have loss leaders?
Loss leaders means price less than cost.
They make it to consumers want to go to their shops for buying this product and also buy another products.
3.give 5 factors affecting demand for the product?
-taste and fashion
-income
-price of product
-substitute/complement
-advertising
6.if demand is elastic-what does this mean?
Demand is responsive
7.when exporting why might you use an agent?
-don't know their partners
-taste of consumers
-government policies
-language
8.why might it be hard for new companies to enter the market?
-market research needed
-monopoly existances/ oligopoly
-market size
-finance required

Business homework

Capacity concerns at Ice Delights:

1.Calculate the CapicityUtilisation for Ice Delights?

12000:15000*100%=80%

2.Are they currently operating below or above full capacity?

They are below capacity because his production levels just high enough to fulfil most of orders.

3.What implications are there for Ice Delights of operating at this level?

They have outdated machinery which make waste production times for waiting and repairing.It also makes him pay more fee to fix them.
Many of Bill's staff have been working for many years and good at their jobs.It makes high productivity .However, most of them have young families.They must use their times for their families more than working.For example, they have new baby.They will absent to take the baby.It makes his production have problems.He doesn't have enough time to have new worker and his capacity is below.Maybe the new worker isn't suit for this job.He has to spend time teaching them how to do their working.Another thing, his business is small and they have young famililies.They must be worried about their future,so they will give up their jobs if they find out another good pay ones.The same thing will be happened...Wasting times,lower capacity,...

4.Evaluate the options available to Bill when responding to the requests of the Directors?

I think to improve efficiency and lower cost per unit for tubs of ice cream they produce,there are many things he can do:
First of all, he can use economic of scale.It is the advantage of producting on large scale, in the form of lower long-run average cost.using it can reducce his products cost in a long times.
Second, he can buy a new machinery.In the short time, it will make his fiexd cost product raises ,but a long time it helps increasing productivity and reduce his cost.New machinery also help improving quality of product and saving raw material.He has a smalll business so buying new machinery will be a big problem for his cashflow....
Third,he should sign contact to his staffs to decrease their giving up and reduce a effect into capacity utilisation.
MORE MORE ,BUT I feel sleepy.Last night I didn't sleep...=....=

ken's blog is opened again

After a long time, I lived without laptop.I felt very tired.Everything must be started ,no more time.All of exams are coming soon, only 5 weeks left.How can I get A, it is impossible.From today, the word "daily blog" is starting....;))

Trucks set to roll on East-West highway

The first 1,500 vehicles of Vietnam, Laos and Thailand have been licensed to run on the East-West Economic Corridor (EWEC), which is expected to boost trade, investment and tourism activities in the relevant countries.

Representatives of the three countries met in the Central Highland resort city of Da Lat on February 25-26 to grant permits to 500 trucks from each country. The permits allow the vehicles to travel on the EWEC, particularly the section linking Vietnam and Laos.

The event will mark Vietnam’s first success in implementing the cross-border land transport facilitation agreement among the six countries of the Greater Mekong Sub-region (GMS), said Nguyen Van Thach, deputy director of the International Cooperation Department under the Ministry of Transport.

The GMS is comprised of Vietnam, China, Thailand, Laos, Cambodia and Myanmar.

The EWEC is an especially important corridor as it will create a channel for commodities coming from Thailand and Laos and going to Vietnam’s ports of Da Nang and Vung Ang, said Mr Thach. From there, the goods will be exported overseas. In addition, Vietnamese commodities will move to Thailand and Laos on the same channel. The EWEC is the shortest way for Thai goods to enter Vietnam and vice versa.

The 1,450km long road links the following points: Mawlamyine-Myawaddy in Myanmar, Mae Sot-Phisanulok-Khon Kaen-Kalasin-Mukdahan in Thailand, Savanakhet-Dansavanh in Laos and Lao Bao-Hue-Dong Ha-Da Nang in Vietnam.

It also intersects several north-south arterial routes: Yangon-Dawei, Chiang Mai-Bangkok, Nong Khai-Bangkok, Road 13 in Laos and Highway 1A in Vietnam.

The corridor aims to strengthen economic cooperation and facilitate trade, investment and development between Laos, Myanmar, Thailand and Vietnam; reduce transport costs and make the movement of goods and passengers more efficient; reduce poverty and support development of rural and border areas; and promote tourism.