Marketing Consultancy, this is a group work not full paper work see Essay

Marketing Consultancy, this is a group work not full paper work see details bellow - Essay Example Basically, the rationale behind the need to build ties with the local schools, youth clubs, and sports clubs is to make it easier on the part of the Dunamaise Arts Centre to locate and encourage the parents of children between 5 to 15 years old to take advantage of the art work exhibits, educational shows, workshops, and classes that are purposely designed to enhance the artistic side of each child (Marconi, 2005, p32). 7. Offer courses or workshops related to arts and crafts such as puppetry, holiday card making, drawing, sketching, paintings, and textile design making; book arts; animal sculpture making using playdough; film making and animation; digital photography; music like singing songs and sounscapes; acting; storytelling; and dancing (Dibb, 1996, p6). This is a business terminology referring to the the process of classifying customer with common needs. This classification or aggregation is made to customers with similar needs in relation to the marketing action (Wong, 1993, p22). To make it easier for Dunamaise Arts Centre to identify its target market, it is important to divide its target customers into subgroups. By conducting market segmentation, Dunamaise will be able to learn more about its target customers’ demographic, psychographic, and geographic profile (Kotler, 2000, pp. 263 – 266). To locate the target market, it is necessary to contact the managers of Leighlinbridge Gaelic Foodball Club, Co Carlow Football Club, Castledermot GAA Club, Athy GFC, Castlemtchell GFC, Kildangan GAA, Redhills Airsoft, Cill Dara Rugby Club, and Naas Hockey Club among others. KOHL, S. (2000). Getting attention leading-edge lessons for publicity and marketing. Boston, Mass, Butterworth Heinemann. http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=34020. Mcdonald, M. (2008). Malcolm McDonald on marketing planning

Sociological Analysis of Asia's premier serial killer Charles Gurmukh Essay

Sociological Analysis of Asia's premier serial killer Charles Gurmukh Sobhraj - Essay Example He was admitted to a boarding school in Paris but he managed to drop out at least twice to visit Vietnam. It is interesting reading that these trips were paid with help of fraud checks. Nevertheless, Sobhraj spent three years for burglary and eight months for car theft in prison in France in the 1960's. In the 1970's Sobhraj became dabbling in drug smuggling. He made a core group for himself and acted in pack as he was very flexible with his ways of crime. It at this point of his career that the notorious "Bikini Murders" took shape with Teresa Knowlton, a Seattle woman who had traveled to Bangkok on her way to Kathmandu. Multiple murders of the similar type surfaced and it was found out that the usual methods of Sobhraj was to drug first and then go for the kill and occasionally burning the bodies after the kill. Sobhraj is implicated in at least 10 murders in Thailand in 1975 alone. The total body count for this killer is actually 32. Sobhraj, once commented that his greatest strength was his great love for the philosophy of Friedrich Nietzsche. This is an interesting clue to the psyche of this serial killer. As in Friedrich Nietzsche's philosophy he also believed that women should be treated on whip.

Collegeaged Drinking in USA Essay Example | Topics and Well Written Essays - 1000 words

Collegeaged Drinking in USA - Essay Example These figures, which are quite staggering, stand as a testament to the magnitude of the problem and underscore the importance of asking and answering the following question: what are the factors which drive college students to drink and can university policy annihilate this problem. Available evidence suggests that the primary factors are immaturity, lack of self-control and peer pressure, further suggesting that a well-designed policy response can stem the problem. There is strong evidence to suggest that heavy and binge drinking among college students are the outcome of psychosocial immaturity. Professors Fischer, Firthum, Pidock and Dowd, undertook an extensive study to identify alcohol drinking patterns amongst college students and their causes. Following a thorough review of the literature on the causes of binge and heavy drinking among college students, Fischer et al. surveyed 1,592 students (915). The research findings clearly indicated that the primary cause of heavy and binge drinking was psychosocial immaturity. This is itself, according to the researchers, was a problematic finding as the root causes of the said immaturity were traced back to the relationship the respondents had with their parents (915). Those who had experienced a less than healthy relationship with their parents or who had not benefited from a stable family environment, exhibited signs of psychosocial immaturity. This made them vulnerable to alcoholism (915-916). T he implication here is that family environment proved the most important predicator of susceptibility to alcohol abuse. While psychosocial immatirity has been identified as an important predictor of alcohol abuse among college students, lack of control is another. Psychology professors, Leeman, Fenton and Volpicelli contend that empirical evidence strongly suggests that heavy and binge drinking among college students is symptomatic of "impaired control" (42). Impaired control, which may be defined as "a breakdown of an intention to limit consumption in a particular situation" (42) has been identified as a trait common to the majority of college students who engage in binge and heavy drinking. These students may not have a prior intention to heavily drink in a particular situation and, indeed, need not have an alcohol abuse problem but they most certainly have a self-control problem. Their inability to control their drinking in a particular situation is indicative of their inability to control their own selves. In fact, the survey study conducted by Leeman, Fenton and Volpicelli shows that in many inst ances, students did not have any prior intention to engage in binge drinking and, quite importantly, had a contrary intention. Nevertheless, when finding themselves in a situation where alcohol is available and those around them are encouraging them to drink, they embark upon heavy drinking (44-45). While their inability to stop themselves or adhere to their original intent not to drink heavily may be construed as symptomatic of alcoholism, it is not necessarily so. Instead, it is symptomatic of an "impaired control" problem which may later escalate into a substance abuse problem (45-46). Therefore, a leading cause of binge and heavy drinking amongst college students may be identified as lack of

Sociological Analysis of Asia's premier serial killer Charles Gurmukh Essay

Sociological Analysis of Asia's premier serial killer Charles Gurmukh Sobhraj - Essay Example He was admitted to a boarding school in Paris but he managed to drop out at least twice to visit Vietnam. It is interesting reading that these trips were paid with help of fraud checks. Nevertheless, Sobhraj spent three years for burglary and eight months for car theft in prison in France in the 1960's. In the 1970's Sobhraj became dabbling in drug smuggling. He made a core group for himself and acted in pack as he was very flexible with his ways of crime. It at this point of his career that the notorious "Bikini Murders" took shape with Teresa Knowlton, a Seattle woman who had traveled to Bangkok on her way to Kathmandu. Multiple murders of the similar type surfaced and it was found out that the usual methods of Sobhraj was to drug first and then go for the kill and occasionally burning the bodies after the kill. Sobhraj is implicated in at least 10 murders in Thailand in 1975 alone. The total body count for this killer is actually 32. Sobhraj, once commented that his greatest strength was his great love for the philosophy of Friedrich Nietzsche. This is an interesting clue to the psyche of this serial killer. As in Friedrich Nietzsche's philosophy he also believed that women should be treated on whip.

Global marketing Research Paper Example | Topics and Well Written Essays - 750 words

Global marketing - Research Paper Example & Carl (2010) the skimming pricing strategy is most effective in market conditions where the customers are more than willing to pay above average market price for goods and services. They also note that this strategy is effective for copyrighted, patented or trademarked products and innovative technological breakthrough. Apple has effectively employed the skimming strategy by introducing innovative technological products at a relatively high price (Smith, 2011). Penetration pricing strategy involves charging a lower price for a product relative to competitors’ price level, with the main objective serving the mass market and increasing the firm’s market share (Smith, 2011). The rationale for charging low price is that it would increase market share and economies of scale thus significantly lowering the overall production costs. In contrast to the skimming pricing strategy, charging lower prices implies that the firm relies on higher sales volume to attain break-even because of the low profits per unit of production (Tellis, 1986). Similarly, firms tend to take a longer period to recover the production costs using penetration strategy as compared to the skimming strategy. In addition, penetration pricing differs from skimming pricing because it tends to discourage entry of competitors in the market. Lamb, Joseph & Carl (2010) argue that penetration pricing strategy is more viable and effective in price sensitive market condition s. Smith (2011) observes that the penetration pricing strategy has been effectively implemented by Wal-Mart retail stores and android in order to capture the mass market and increase their market share. Holding pricing is a pricing decision that seeks to retain and maintain the market share (Smith, 2011). Currency fluctuations in the global business context may encourage firms to initiate price variations and adjustments in order to hold or maintain their market share. These price adjustments may affect the firm’s profitability, at

Advantages And Limitations Of Each Source Of Finance Finance Essay

Advantages And Limitations Of Each Source Of Finance Finance Essay This assignment covers all detail about sources of finance. The aim of the research is to identify different sources of finance like short-term finance, medium-term finance and long-term finance. The first part of the assignment gives you an introduction about sources of finance. The second part covers short-term sources of finance and their advantages and limitations. The third part covers medium-term sources of finance and their advantages and disadvantages. And the last part covers long-term sources of finance and its merits and demerits. Sources of Finance Introduction As you know food is necessary for human life. Similarly finance is the heart of any business. It is most important for modern business, which requires huge capital. Finance could be needed for new businesses, when they recover a cash flow problem, new machinery, set up a new plant or takeover another business. Generally funds required for businesses are classified into short term, medium term and long term. In this section we look at the different source of finance and see the advantages and limitations of each. Business Leasing Public Deposit Mortgage Shares -Equity Share -Preference Share Debentures Retained Earning Commercial Bank Loan Borrowing Trade Credit Overdraft Bill Discounting Customers Advances Instalment Credits Loan from Co-operative banks Short Term Source Long Term Source Medium Term Source Sources of Finance Short Term Sources of Finance Definition When we want to establish a new business, it is essential to know the amount of finance required. Some sources are overdraft, customer advances, loan from co-operatives, cash and trade credit etc. that make money for short time. It is called short-term source of finance. Generally Short-term is only for 1 year. In this section we learn about above source of finance and their relative advantages and limitations. Short-term sources of finance: Trade Credit Overdraft Discounting of bills Customers advances Instalment Credit Loan from co-operative bank Trade Credit : Providing business customers with time to arrange for the payment of goods they have already received. This period is one of the interest free credit. It is a costly source of finance. Trade credit is used when the buyer is not able to pay the real cost of goods. 1Trade credit refers to credit granted to manufactures and traders by the suppliers of the raw materials, finished goods, components etc. Usually business enterprises by supplies on a 30 to 90 days credit. Advantages of Trade Credit: If new business start up has trade credit, they will not need more money in capital. It is a good idea to someone who want to start a new business with less money. You can buy goods and make payment later when you sold all the goods and get some money or make a good profit. The time period may be after 25-30 days. Business can look in good position without having any serious trouble in immediate payment, which may set them back. Trade Credit improve the cash flow and provide easy platform for business. With the trade credit, business can focus on other area like sales, marketing and other research. Trade credit is available only with purchase of raw material or finished goods. The term and conditions of trade credit very according to the custom and usage of trade. Disadvantages of Trade Credit: If repayments are not made by in time, the business will receive a very bad credit history. They will not trusted in the future, if your business require any loan or trade credit. If company has a good credit history, it will get trade credit but these can be hard to build up for new business. Overdraft : It is a common source of short term finance because of its flexibility. When borrowed fund are not require longer time they can pay easily and quick. The risks to the lender are less then a long term loan because it is very cheap. 2When a bank allows its depositors or account holders to withdraw money in excess of the balance in his account upto a specified limit, it is known as overdraft facility. This limit is granted purely on the basis of credit-worthiness of the borrower. Advantages of Overdraft: Flexible 3 An overdraft is there when you need it and cost is zero (in case of small fee) when you do not need. It allows you to make essential payments whilst chasing up your own payments, and helps to maintain cash flow. Quick It is very easy and quick to arrange, providing a good cash flow backup with the minimum of fuss. It allow to make essential payment whilst chasing up your own payment and help to maintain cash flow. You only need to borrow what you need at that time. Disadvantages of Overdraft: Cost Sometimes it carry very higher interest rates and fees then loan. This makes them very expensive. Recall The bank can take back the entire overdraft amount at any time if you have broken terms and conditions or it may happen if you fail to make other payment. Security Overdraft may need to be secured against your business assets, which put them at risk if you fail in repayment. Bill Discounting : Some bank provide short-term loan by discounting bill of exchange. In such cases bank deduct discount while making payment. The amount of discount is generally equal to the amount of interest for the remaining period of payment. The advantages and disadvantages from this source are following. 4When these document is presented before the bank for discounting, banks credit the amount to customers account after deducting discount. The amount of discount is equal to the amount of interest for the period of bill. Advantages of Bill Discounting: Availability of cash The drawer gets cash immediately by the discounting bill. He does not have to wait for the payment until the expiry of credit period mansion on the bill. Security Bank normally do not ask for any other security while making payment against the bill discounted. However if customer is interested, banks also grant him limit for discounting of bill. This limit is identify as a limit against discounting bill. Nature of liability for repayment Repayment of money advanced against discounted bill is the responsibility of the drawee of bill of exchange. In case drawee does not pay or refuse the pay, the drawer who got payment after discounting the bill is held responsible for payment. Disadvantages of Bill Discounting: Advance payment of interest While discounting a bill, bank deduct the discount and balance is credited in customers account. This discount is similar to the amount of interest for the remaining period of payment. Thus a person receiving money through discounting of bill has to offer advance interest on the amount of bill. Facility is subject to the parties credit Normally banks extend this facility after being satisfied with the credit of parties involved. Bank may be ask for some security. So, it is not a easy available facility. Problem when non-payment Bills not paid upon maturity are to be certified by Notary Public and a certain amount in the form of nothing is paid. Thus it became an additional burden. Customers Advances : The advance make by the customer against the value of order placed. Thus the remaining amount of goods to be supplied later. Let see more details about the advantages and limitations. Advantages of Customers Advances: Interest Free Amount offered as advance is interest free. Hence the funds are available without any involving problem. No Security The seller is not required to deposit any major security while demanding advance from the customer. Thus assets remain free of charge. Repayment Ones money received in advance will not be refunded. Hence there are no procedures for repayment. Disadvantages of Customers Advances: Limited amount Amount received from a customer is subject to the value of order. Borrowers demand may be more then the advance amount. Limited Period The period of advance amount is only up to the delivery goods. It cannot be renewed. Penalty Normally advances are subject to the condition that if goods are not delivered on time then order would be cancelled and advance amount would be refunded with interest. Instalment Credit : Instalment credit is a system under which a small payment is made at the time of taking the goods and remaining amount is paid in instalment. Generally instalment amount is including of interest. The advantages and limitations of this system are as under: Advantages of Instalment Credit: Ownership of asset Delivery of good is assured immediately on payment of down payment. Convenient payment of assets Costly assets which can not purchase directly with full payment can be purchase by instalment payment. Saving of one time investment If the price of asset is high and lumpsum amount is made then the business fund are blocked. In this case instalment credit leads to saving of one time investment. More facility for business If the facility of payment in instalment is available then business firm can afford to by new furniture, machinery or other necessary things. Thus, your business reputation looked in good condition by instalment credit. Disadvantages of Instalment Credit: Commitment for payment Payment in instalment is a commitment. So you have to pay your instalment in whatever condition of your business. Necessary to pay interest Payment of interest is necessary in this system. Generally sellers charge very high rate of interest. More interest If buyer fail to pay the instalment, seller sometimes impose penalty or additional interest. Loan from Co-operative bank : Co-operatives banks are good source of short-term finance. Membership is the primary condition for securing loan in this bank. This bank grant loans for personal and business purposes too. The advantages and limitations of this bank are as under: Advantages of Loan from Co-operative bank: These loans create a sense of thrift among the low-income group. Being a member of co-operative bank, the borrower can participate in the management. Loan generally granted at a lower rate of interest. Loan from this banks are easily available. Loans are given for good purposes that help to develop the financial and social status of the people. Sometimes these banks organise training program for member to familiars them with the various avenues of the business and regarding proper utilisation of loan money. Disadvantages of Loan from Co-operative bank: These loans are available only to members. Loan from this bank is available only for limited purposes. Co-operative banks depend on the supports of the government. So, government rules and regulations sometimes may be makes in trouble to the borrowers. These bank find it difficult to ensure repayment of loan money due to inadequate information about the need and utilisation of fund by the borrower. There is little scrutiny of the repaying capacity of the loan seeker at the time of granting loan. Medium Term Source of Finance Definition Medium term source of finance means fund does not require more then 3 years. Normally medium term funds are require by business for repairing and maintenance of machinery or other equipment. So firm get this finance from bank or other kind of source. Medium term source of finance: Leasing Public Deposit Mortgage Leasing : Leasing is the method of capital funding requirement. Leasing based on the principal that income is earned from the use of an asset. The advantages and limitations of leasing are following: Advantages of Leasing: Reduced initial cash flow The big advantage of leasing equipment is that the cost is spread over a number of years. You have not to pay the entire amount upfront. This can help to maintain cash flow. Poor cash flow is the main cause of small business and leasing can help you to keep it under better control. Budgeting Normally this is a fixed contract. So the amount can be worked into your business budget much more easily. Tax Advantages lease rentals are considered as an operating cost. So it is possible to deduct them from taxable profits. However, before the contract you should always check the equipment you are buying is eligible or not. Security When you lease the product, you are not owner of this product. It means the leasing company gives better security. You dont need any further security to be able to start a contract. Disadvantages of Leasing: No ownership Main disadvantage is that you are not the owner of the product. It means the leasing company is the owner during and after the lease. As you do not own the product, you are unable to sell it in the event it is no longer needed, and you cannot upgrade to a newer or better product without either paying off the remaining contract, or paying a large fee to cancel the contract. No sell As you are not owner of the product, you can not sell it. If you do not longer needed, you have to pay large fee to cancel the contract. Termination Leases are very difficult to terminate early. Long term expense Although leasing allow you to avoid paying a large amount, but after a long time it works out considerably more expensive. Over the period of standard lease, you pay the actual cost of product and other charges. Maintenance You are responsible for maintenance of the product. If you have not trained employee to fix the equipment, this could be more costly in the serious fault. Some leasing company will allow you to cover maintenance cost but you have to pay some extra amount. Commitment Once you signed a lease contract, you are committed to making payment for the entire lease period even you stop using a property. Public Deposit : It is very old and popular source of finance. When modern banks were not established, people used to deposit their saving with reputed business. The maturity period for public deposit is minimum 6 months and maximum 3 years. The advantages and disadvantages of public deposit are following: Advantages of Public Deposit: Easy to deposit The method of borrowing money from public is very easy. It does not require many legal formalities. It has to be advertised to be newspaper. Easily available If companies have good reputation, they are able to obtain funds directly from public without any more financial difficulties. Income tax purpose Interest paid on this deposit is a deductible expenses for income tax. Fix rate The rate of interest on this deposit is fixed, it helps the company to play trading on equity, if the company is earning more then the rate of interest paid on public deposit. Flexibility Public deposit bring more flexibility in the structure of the capital of the company. These can be raised when needed and refunded when not needed. Disadvantages of Public Deposit: Insecurity Public deposits have no charge on the assets of the company. So it may be not safe to deposit saving in those companies which are not very popular. Uneconomical The rate of interest paid on public deposit may be low but there are other expenses like commission, which make it uneconomical. Short period Public deposits are available mainly for short period. So company cannot depend on it for a long time. Misuse The management may misuse your deposit. So in this case it is not secure. Bad effect on capital market It is an easy and cheaper source of raising money. Thus, more money deposited with the companies, there will be less investment in securities. Hence the capital market will not grow. Mortgage : A mortgage is a loan specially for the purchase of property. The borrower can use theirs own property as security for the loan. The advantages and limitations of mortgage are following: Advantages of Mortgage: Tax advantage The interest payment on the mortgage are tax deductible. Good cash flow With the use of mortgage, you are able to access to capital that you would not normally have access with nominal up-front payment and the flexibility in management of repayment plan. Cash flow management Mortgage plan are pre-set, so you can make plan for future cash management. Disadvantages of Mortgage: Collateral The nature of a mortgage require you to pledge the purchased property to the lender. When the mortgage is repaid, the owner is obligated to release the mortgage and is require to make available any government formalities. Defaults The lender may define a variety of events that will constitute a default on the mortgage, including failure to make any payment on time, bankruptcy, insolvency and breaches of any obligations in the mortgage agreement. Try to negotiate an advance written notice of any alleged default, with a reasonable amount of time to cure the default. Long Term Source of Finance Definition Long-term source of finance are those that are need over a longer period of time. Generally time duration may be more then 5 years. Long-term finance are needed for fund expansion, set up new office, buying new business or fixed assets like furniture, building, machinery, land etc. Funds require for this business is called long-term finance. The amounts of long-term capital depend upon the scale of business and nature of business. Following various sources of long-term finance and advantages and disadvantages of each source. Long-term source of finance: Shares Equity Share Preference Share Debentures Retained Earning Commercial Bank Loan Borrowing Shares : Shares is the main source of long-term finance. The joint stock companies issue shares to the general public. These shareholders are the owners of the company. There are two types of shares (1) Equity Share (2) Preference Share. Company divides its capital into units of particular value like  £10 each or  £200 each. Each unit is called share. Equity Share Dividend on these shares is paid after the fixed rate of dividend has been paid on the preference share. The rate of dividend is not fixed because it is depend upon the profit available. The equity shareholders control the affairs of the company and have an unlimited interest in the companys profit. The advantages and disadvantages of equity share are following: Advantages of Equity Share: [ For Shareholders ] Income Profit The equity shareholders are the residual claimants of the profit. The company may add to the profit by trading on equity. Thus equity capital may get dividend at high in good period. Rights Equity shareholders have right for voting to right persons as directors who can control and manage the affairs of the company. Transferable These shares are transferable units. The value of equity share goes up in the stock market with increase in profit of the concern. Advantages of Equity Share: [  [5]  For Limited Company ] A company can raised fixed capital by issuing equity shares without creating any charge on its fixed assets. The capital raised by issuing equity shares is not required to be paid back during the life time of the company. It will be paid back only if the company is wound up. There is no liability on the company regarding payment of dividend on equity shares. The company may declare dividend only, if there are enough profits. If a company raise more capital by issuing equity shares, it leads to greater confidence among the investors and creditors. Disadvantages of Equity Share: [ For Shareholders ] Irregular income The dividend on equity share is subject to availability of profit. If there are preference shareholders, they get first dividend before equity shareholders. Equity shareholders may get no dividend if company has not enough profit. Capital loss During recession period, the profit of the company come down and the rate of dividend also come down. Due to low rate of dividend the market value of equity shares goes down resulting in a capital loss to the investors. Dilution in control Each sale of equity shares dilutes the voting power of the existing equity shareholders. Equity shares are transferable and may bring about centralisation power in few hands. Impossible trading If equity shares alone are issued, the company cannot trade on equity. Over capitalisation If company issue more equity shares may result in over capitalisation. In that condition dividend per share is low which make bad effect on investor. High cost It cost more to finance with equity shares then with other securities as the selling costs and underwriting commission are paid at a higher rate on the issue of these shares. Speculation Equity shares of good companies are subject to hectic speculation in the stock market. Their prices change frequently which are not in the interest of the company. Disadvantages of Equity Share: [  [6]  For Limited Company ] No trading on equity Trading on equity means ability of a company to raise fund through preference shares, debentures and bank loan etc. On such funds the company has to pay at a fixed rate. This enables equity shareholders to enjoy a higher rate of return when profits are large. The major part of the profit earned is paid to the equity shareholders because borrowed funds carry only a fixed rate of interest. But if a company has only equity shares and does not have their preference shares, debentures or loans, it can not have the advantage of trading on equity. Conflict of interests As the equity share holders carry voting rights, groups are formed to corner the votes and grab the control of the company. There develops conflict of interest which is harmful for the smooth functioning of a company. Preference Share Rising capital by issue of these shares is a most important method of rising long-term funds. Preference shares are the shares, which carry initial rights over the equity shares. These shares are receiving dividend at a fixed rate. All shareholders gets dividend regularly. The advantages and disadvantages of preference share are following: Advantages of Preference Share: Fixed income The dividend payable on preference shares is on fixed rates even if there is no profit. First right Preference shareholders have first right to get dividend. Thus they enjoy the minimum risk. Less capital losses As the initial right of repayment of their capital in case of winding up he company, it saves them from capital losses. Fair security Preference share are fair security for the shareholders during depression period when profit of the company are down. Disadvantages of Preference Share: No Voting right Preference shareholders have no any voting rights in the company. Fixed income The dividend payable on preference shares is on fixed rates even if the company earns higher profit. No claim on surplus amount The shareholders have no rights to claim on surplus amount. They can only ask for the capital investment in the company. Not secure They cannot be secure on the companys assets. Debentures : Whenever company want to borrow a large amount of money for long but fixed period, it can borrow from the general public by issuing loan certificate called debenture. The holders of the debentures are the creditors of the company. The total amount is divided into units of fixed amount. These are offered to the genera public to subscribe in the same manner as in done in the case of share. A debenture is issued under the common seal of the company. It is a written acknowledgment of money borrowed. For example, if company need  £5,000,000 for 10 years, it will issued debentures. Each cost of debenture may be  £100. Advantages of Debentures: Creditors Debenture holders are the creditors of the company. Allowing control over the company Debenture holders have no right either to vote or take part in the management of the company. Reliable Source These are repayable after a fixed period of time, the company can make the best use of money. It helps long term planning. Tax benefit Interest paid on debenture is treated as a expense and is charged to the profit of the company. Thus the company saves income tax. Safety Debenture are more secure. When the company is winding up, they are repayable before any payment is made to the shareholders. Disadvantages of Debentures: More finance more difficulty Debenture finance enables a company to trade on equity. But more finance leaves little for shareholders, as most of the profits may be require paying interest on debentures. Burden in time of depression During depression time the profit of the company decline. It may be difficult to pay interest on debenture. As interest goes on accumulating, it may lead to the closure of the company. Cant borrow money Usually debentures are secure. The company creates a charge on its assets in favour of debenture holders. So the company, which does not have own enough assets, they cannot borrow money by issuing debentures. Burden As the interest on debenture have to be paid every year whether there are profits or loss. It becomes burden in case of company incurs loses. Retained Earning : The part of the profit which is not distributed among the shareholders but is retained and is used in business is called retained earning. As per Indian company Act. Companies are require to transfer a part of their profit in reserves. The amount so kept in reserve may be used to buy fixed assets. This is called internal financing. Advantages of Retained Earning: Cheap There are no expenses behind earning capital from this source. There is no obligation on the part of the company either to pay interest or pay back the money. It can safely used for business. Financial Stability A company which has enough reserves can face ups and downs in business. Such companies can continue with their business even in depression, thus building up its goodwill. Good for shareholders Shareholders may get dividend out of reserves if the company does not earn enough profit. Due to reserve, there is capital appreciation, i.e. the value of shares go up in the share market. Disadvantages of Retained Earning: If Huge profit This method of financing is possible only then there are huge profits and that too for many years. Dissatisfaction When funds accumulate in reserves, bonus shares are issued to the shareholders to capitalise such funds. Hence the company has to pay more dividend. By retained earning the real capital does not increase while the liability increases. In case bonus shares are not issued, it may create a situation of under-capitalisation because the rate of dividend will be much higher as compared to other companies. Monopoly Through ploughing back of profits, companies increase their financial strength. Companies may throw out their competitors from the market and monopolize their position. Mis-management of funds Capital accumulated through retained earnings encourages management to spend carelessly. Commercial Bank Loan : Some commercial banks giving loans for a long period. i.e. for more than ten year. The period of repayment of long is extended at intervals long period. Commercial banks provide long term finance to small scale units in the priority sector. Advantages of Commercial Banks Loan  [7]  : It is a flexible source of finance as loans can be repaid when the need is met. Finance is available for a definite period, hence it is not a permanent burden. Banks keep the financial operations of their clients secret. Less time and cost is involved as compared to issue of shares, debentures etc. Banks do not interfere in the internal affairs of the borrowing concern, hence the management retains the control of the company. Loans can be paid-back in easy installments. In case of small-scale industries and industries in villages and backward areas, the interest charged is low. Disadvantages of Commercial Banks Loan : Banks require personal guarantee or pledge of assets and business cannot raise further loans on these assets. In case the short-term loans are extended again and again, there is always uncertainty about this continuity. Too many formalities are to be fulfilled for getting term loans from banks. These formalities make the borrowings from banks time consuming and inconvenient. Borrowing 8 : Most business rely on borrowings as well as equity to finance operations. Lenders enter into a contract with the business in which the rate of interest, dates of interest payment, capital payments and security far the borrowing are clearly stated. In the event that the interest payment or capital payments are net made on the due dates, the lender will usually have the right, under the terms of the contract, to seize the asset on which the loan is secured and sell them in order to reply the amount outstanding, security for loan may take the form at a fixed charge on particular assets at the business or a floating charge on the whole at its assets. A floating charge will float over the assets and will only fix on particular assets in the event that the business defaults on its borrowing obligations. Advantages of Borrowing  [9]  : Local savers may provide less costly funds; an important habit among clients and the public is rewarded. Lower interest loans provide experience for the company in borrowed funds Local bank become familiar with micro and small enterprise potentials. Access to larger sums more quickly based on track record. Allow longer term projections than grants Provides a discipline similar to that of micro and small enterprise clients. Disadvantages of Borrowing : Too many subsidized loans can retard move to market rate. Loans may be dollarized in inflationary situation. Local banks may not be willing to be cooperative.

Statement of Educational Goals and Philosophy :: My Philosophy of Education

Statement of Educational Goals and Philosophy Why do I want to become a teacher? When I think about that question, I’m sure a few of my answers would be like some of the others in the class: I love being around people, the pay isn’t too bad, you get holidays, summers, even weekends off, and I don’t even mind grading papers! On the other hand, I do have another reason I’d like to become a teacher that’s probably a little different than others. Let me explain. It was January and colder that ever. The weather didn’t seem to faze me at all as I got off the bus and rushed up my hill. The few steps from the end of the driveway to my front porch seemed like miles. I opened the door only to find an empty house. No one was there like I expected. I was going to be an aunt for the first time and I was looking forward to finding out it was going to boy or a girl. It seemed as though the whole day went by until I saw our car in the driveway. I rushed to the door anxious and excited, only to find tears dropping from my mom’s eyes, and my sister-in-law Holly sadder than I’d ever seen anyone. My mom took me in the bedroom and explained to me the ultra sound showed some serious problems with the baby. He had spina-bifida and severe fluid on his brain. She explained that the doctors said my nephew had little to no chance of living, but if some miracle would happen and my nephew would live, he would live a very short life and be a complete vegetable. A month and a half went by and on May 14,1993 Terry Paul Daniels was born. His little head was the size of a basketball and he had a hole in the lower part of his back. Within the first three days of Terry’s life he had four surgeries, rode in a helicopter, and faced death a number of times. Since then, Terry’s had four more surgeries, been in a complete body cast, and went through his parents getting a horrible divorce. Through all of this something that happened to him when he was in kindergarten sticks out to me the most.