Sunday, February 23, 2020

4 QUESTIONS Assignment Example | Topics and Well Written Essays - 1000 words

4 QUESTIONS - Assignment Example A patent plays a major role in terms of preventing other individuals from selling a given product for a given period. In this case, it is true that patents insulate inventors from rivalry, enabling them to charge higher prices and realize considerable economic profits. In the case of the pharmaceutical company, its revenues and profits will drop considerably once it loses patent protection. Without patent protection, it will be possible for other firms in the marketplace to introduce a similar product in the market, which will rival with the one of the pharmaceutical company. In this case, the company will start realizing reduced economic profits and eventually start counting losses. (Alden, 2014) To mitigate from this situation, it is appropriate for the pharmaceutical company to understand that loss of patents leads to generic competition, which influences future performance of the company. As such, one of the major ways in which the company can mitigate the losses incurred is by remaining dedicated to research and development (R&D) to help it introduce other patents that will raise its competitiveness, productivity, and profitability in the marketplace (Alden, 2014). Price elasticity of demand refers to an economics measure that is used in showing the responsiveness of demand to changes in prices of goods and services when other factors are held constant. It reflects a percentage change in the overall quantity demanded based on a one percent price change holding other factors constant. For the restaurant situated close to the college, the price elasticity of demand for local residents is lower compared to that of college students who are in session for about nine months every year. In this case, for the firm to raise its revenue, it needs to devise pricing strategies, which will help it raise revenues regardless of whether the price elasticity of demand for college students is higher (This Matter, 2015). In this case, it is

Friday, February 7, 2020

Research Literature Synthesis Essay Example | Topics and Well Written Essays - 2500 words

Research Literature Synthesis - Essay Example One such way in the education sector, is information and communication technology, which has caused a shift in the process of learning. The integration of information and communication technology in the learning sector has promoted instant recovery of many learning centers, thereby causing a shift in learning outcomes. Application of information technology into the learning sector requires skills and transformation of the labor sector to match technological requirements. This remains a significant challenge according to Galanouli, Murphy and Gardner (2004), in application of technology, as most instructors are not well equipped with technological variations. Consequently, the cost of introducing the new devices in learning institutions and training of instructors has remained a challenge. This is because the old dogs take a longer time to grasp matters of new technology and adapt into the system. In as much as traditional methods of learning helped in nurturing proficient students, a dvancement into the new era of technology required a change. This factor has called on many learning institutions, to come up with various ways, to match the technological demand (Galanouli, Murphy & Gardner 2004). ... Some other areas that also find educational assistance in the school include the town of Rancho Viejo and other areas such as Cameron County, Raide Hope king, South point, San Pedro. This makes it the largest school in the metropolitan area of Rio Grande Valley. Academically the school has made landmark achievements producing some of the best economists and other prominent people in the world. Consequently, it has won various awards because of the outstanding work it has done to propel the level of education. In 2008, for instance, the institution won the urban education Broad Prize, an award only given to schools that have made enormous improvements in student performance, instituted viable educational policy measures and has closed the widening gap in the educational sector (Knezek & Christensen, 2002). This can be through various educational support programmes, which include encouraging students and offering financial assistance. In as much as the institution has done much to impr ove the educational standards, the question behind the application of information technology in the institution has remained unanswered. This is due to the limited attention given to introduction of new learning materials according to Groff & Mouza 2008. It should also not be refuted that the institution has tried by installing new learning devices such as projectors and personal computers. Brownsville Independent School District (BISD) uses a system of curriculum discharge, which encourages easier understanding. This incorporates division of learning activities into three main areas. This includes written curriculum, which mainly encourage student participation through conducting assignments and taking decisive notes. In as much as the