Wild Blueberries Demand and Supply - Free Essay Example

Sample details Pages: 2 Words: 618 Downloads: 4 Date added: 2018/12/14 Category Marketing Essay Level High school Did you like this example? Supply and demand are the forces driving any market around the globe. Wild blueberries seem to be a crop of great importance in the US. The case of 2011 where prices charged by farmers went down by 28% is a good indicator of the forces of demand and supply. Don’t waste time! Our writers will create an original "Wild Blueberries Demand and Supply" essay for you Create order It is common knowledge that farmers would love to make the best out of their produce. This implies that in most cases they would consider appreciation in prices as opposed to a drop. In this case, it is open that the supply of wild blueberries went high due to a large number of farmers getting in the activity. An increase in the quantity of blueberries resulted in market flooding where customers had options regarding suppliers. Initially, Maine was the primary producer of wild blueberries within the US market and neighborhoods (Atur Kennedy, 2004). In 2011, both Canada and Maine enjoyed the massive production of Wild blueberries an element credited for the excess supply. While supply has increased, it is important to note the market or companies buying Wild Blueberries have not increased in number thus creating a situation of surplus. The situation experienced in 2011 defines the relationship between demand and supply thus obeying the low of demand and supply. The law of supply asserts that higher the price the higher the quantity supplies since supplies are geared towards making high profits from the high prices. However, it is important to note that high prices will attract new entrants into the market who will be interested in making profits. In this case, the previous positive prices attracted Canada, leading an upward trend in the supply. However, this is temporary as indicated by the reduction in prices due to increased supply while demand remains unchanged. At this point, the customer will be forced to offer low prices. As indicated by the supply curve, the higher the price, the higher the quantity supplied. However, it is necessary to note that new entrants and expansion by existing supplies (Maine and Canada) will lead to excess supply thus leading a fall in prices. Market forces of demand and supply have a way of creating a control (Adil, 2006). The excess supply will lead to low prices forcing suppliers to reduce just like in this case where farmers have reduced production due to poor prices. Just like the supply case, this will be temporary to obey the law of demand. The law of demand explains that all factors remain constant/equal; the higher the price of items the fewer customers will demand the same, low prices, on the other hand, will attract high demand. A drop demand for blueberries will see some suppliers withdraw from the market thus creating, shortage in supply which will in turn raise price of blueberries hence in supply. Demand and Supply Demand and supply shape the market, as stated before supply and demand reaches a point of equilibrium. This point when both supply and demand are at the same point s displayed by the graph below. In the case, the supply of wild blueberries and demand will be at equilibrium at a price of $2.50 per pound and 325 million pounds of blueberries. At this point, both suppliers and customers will not make huge profits, while at the same time no loses will be made. A continuation of the forces of demand and supply of blueberries is bound to create a situation of shifts and movements. In summary, market condition is temporary; the blueberry market will face movements and shifts. References Adil, J. R. (2006).?  Supply and demand. Mankato, Minn: Capstone Press. Atur, V., Kennedy, D. (2004).?  Review of electricity supply and demand in Southeast Europe. Washington, DC: World Bank. Demanded Quantity  Ã‚     1  Ã‚     2  Ã‚     3  Ã‚     4  Ã‚     400  Ã‚     350  Ã‚     300  Ã‚     250  Ã‚     Quantity Supplied  Ã‚     1  Ã‚     2  Ã‚     3  Ã‚     4  Ã‚     250  Ã‚     300  Ã‚     350  Ã‚     400  Ã‚     Supply Supply  Ã‚     400  Ã‚     350  Ã‚     300  Ã‚     250  Ã‚     4  Ã‚     3  Ã‚     2  Ã‚     1  Ã‚     Demand  Ã‚     400  Ã‚     350  Ã‚     300  Ã‚     250  Ã‚     1  Ã‚     2  Ã‚     3  Ã‚     4

Childhood Memories of my Grandparents Home Essay - 520 Words

When I think back to the days when I was a child, I think about all of my wonderful childhood memories. Often I wish to go back, back to that point in life when everything seemed simpler. Sometimes I think about it too much, knowing I cannot return. Yet there is still one place I can count on to take me back to that state of mind, my grandparent’s house and the land I love so much. Their house was old. My grandparents lived in it most of their adult lives. It was white with black trimming, but most of the paint was chipped away. On the back porch was firewood all year long. No matter if it was winter; spring, summer, or fall the wood was always there. Red, yellow, purple flowers grew alongside the house all spring and summer.†¦show more content†¦My grandparents owned 80 acres, and I would roam each and every inch. Running through the soaring weeds, and jumping over any log that would get in my path just to end up falling to the ground out of complete exhaustion. There is something to be said about lying on one’s back in an open field hour upon hour staring up at a huge blue sky. With no one around and not another house for miles, it is a great place to be alone, to listen. In that field, I could pick up all the wonderful sounds of nature commonly misplaced by all the buzz of the city. The wind spoke as it blew across the land, whistling through the tall weeds and the colossal of trees. Crickets rub their wings composing a song for everyone to hear. I soaked in all the beauty of the surrounding landscape. There was towering groves of trees, creek beds lined with wildflowers producing delightful fragrances, and sunsets that would take your breath away. Still I walked cautiously, for all of lands beauty; trouble could still take form, whether it was running into a slithering snake or stumbling across a prickly thistle. The pond was one of my favorite places, for it was where I learned how to fish and skip rocks across the water. I would sit alongside the banks and listed to the familiar sound of the bullfrogs bellowing their presents. I think if the pond could tell a story it would be of the one thatShow MoreRelatedNo Place Like Home By Marni Gillard903 Words   |  4 PagesTheres No Place Like Home As Marni Gillard states â€Å"It is through stories we see ourselves as if in a mirror.† Meaning that other peoples stories show us pieces or ourselves as if we are almost seeing a reflection. I find a reflection of myself in EB Whites â€Å"Once More to The Lake.† A story that brilliantly creates a sense of nostalgia and a connection to a significant place. Therefore, through Whites story and my own personal experience I learned that a place is a powerful force in our lives dueRead MoreBest Days in My Life1094 Words   |  5 Pagesin My Life After a long time I went to visit my homeland . Those days were my best days in my life. 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The Business Ethis

Question: Discuss about the Business Ethis ? Answer : Introduction In any given industry or business, people must be guided by principles that help them not to overstep the moral boundary and to act accordingly. Such comes with the stakeholders in the industry being considerate in whatever they say to the general public. Egg Farmers of Australia should not have provided information that cannot be proved scientifically. Overview of Article The article has focused on the claim by one farmer from Egg Farmers of Australia that stress affects the production of a hen (Han 2017, p. 1). This was due to the use of battery cages for the confinement of hens. The argument of the farmers is that hens have no space to spread their wings which lead to stress thus affecting eggs production among hens. Corporate social responsibility Cooperate Social Responsibility is the obligation that an organization has towards the community living around. However, it is not compulsory for the organization to meet the obligation but it does it just to have a good reputation. Identify CSR viewpoints and introduce socio-economic viewpoint and 4ps It was the duty of the Egg Farmers of Australia to protect harm. That could only happen if the members chose to withdraw the Facebook post and offer an apology to the public for claims that are not scientifically proven. By so doing, the relationship between the farmers and the customers will be restored thus having a positive effect on eggs business. The 4ps in marketing are essential in positioning a product in the market (Post 2017, p. 1). They stand for Price, Product, Promotion, and Place. If observed, they help an organization to be effective in its marketing process. Theory/Concept The theory that can be related to the text is stakeholder theory. Stakeholder theory looks at how the general public will react to the actions of the organization. In this case, the reactions of the public were triggered by the remarks of the Egg Farmers of Australia. Conclusion It is the responsibility of every organization to make sure that it observes the image that it creates to the public. The reason behind it is because words and actions have an effect on the reputation of an organization. The Egg Farmers of Australia would have considered the general public before saying such words. However, with the right strategies, the members of the association can control the damage. References Han, E 2017, Egg industry rebuked for claiming that unhappy hens won't produce eggs. Retrieved from https://www.smh.com.au/business/consumer-affairs/egg-industry-rebuked-for-claiming-that-unhappy-hens-wont-produce-eggs-20170306-gus537.html Post, J 2017, What is Corporate Social Responsibility? Retrieved from https://www.businessnewsdaily.com/4679-corporate-social-responsibility.html

50 Cent- Curtis Jackson Essay Example

50 Cent- Curtis Jackson Essay Curtis Jackson Born in the South Jamaica section of Queens, Curtis 50 Cent Jackson has lived in New York City all his life. He was raised by his grandparents after his father ran out and his mother was shot when he was only eight years old. As 50 cent was growing up, he originally wanted to be a heavyweight boxer, but eventually he gained interest in rapping. DJs around the area released two Best of 50 Cent mix CDs, before he had gotten signed to a major label. 0 Cent hit the scene with How To Rob An Industry Nigga and hes been on a rage ever since dealing with bootleggers, label back stabbing and other platinum selling artists trying to get at him physically. According to this website http://www. imdb. com/name/nm1265067/bio, this all changed in one night when Eminem said on a radio show that 50 Cent is definitely my favorite rapper right now, hes the only one keeping it real. The very next day a bidding war started on 50, ending when 50 signed to Eminems very own label Shady/After math. 0 Cents fame has exploded, being produced by Dr. Dre and Eminem and finally making his debut album Get rich or Die Tryin. 50 has full access and advantage of the streets through mix-tapes; thats his forum because he controls it. 50 Cent is the most anticipated artist of 2003. Its well deserved because hes been patiently waiting. Curtis Jackson recently announced the release of his new album Curtis had been pushed back to September. The 31-year-old wrote on his official website: Im an international artist. My fans worldwide deserve to receive my album at the same time as my fans here in the US. Taking that into consideration, moving the album to September was a necessary course of action. 50 cent hasn’t just made it big into the industry; he also made it 5th as richest rappers in 2009 accumulating $20 million. He is known for making platinum albums. 50 Cents resume includes his own record label, clothing line, and his involvement in video games and movies. One of 50 Cent’s major accomplishments is Vitamin Water drink, Formula 50 that Coca- Cola bought from him. ttp://www. singersroom. com/news/881/Hip-Hop-News-50-Cent-Making-Millions-on-Vitamin-Water-Sale-But-Not-400-million says that â€Å"the soft drinks giant has just paid a staggering $4. 1 billion to drinks company Glaceau, which 50 bought in as a shareholder in 2004. In exchange for his share in the companys profits, Glaceau named a Vitamin Water drink, Formula 50, after the artist. The rapper also known as Fiddy personally endorsed the product. † As a ten per cent shareholder in the beverage, 50 Cent will see his fortune rocket from the Coca-Cola deal. We will write a custom essay sample on 50 Cent- Curtis Jackson specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on 50 Cent- Curtis Jackson specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on 50 Cent- Curtis Jackson specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The Get Rich or Die Tryin star was profiled by finance magazine Forbes last year, after transforming his urban image into a multi-million dollar empire. â€Å"50 Cent also partnered with Mark Ecko Enterprises in the spring of 2003 to create a clothing line that was sold through Ecko Unlimited. Ecko and 50 severed their ties last year, but prior to the split, G-Unit Clothing was accounting for 15 percent of Ecko’s revenues. The line pulled in $75 million in 2006. With 50’s 8% royalty cut, that means that Mr. Jackson made $6 million from selling hats, t-shirts and outerwear emblazoned with the â€Å"G-Unit† logo. † This was stated in this website http://www. starpulse. com/news/index. php/2008/02/11/50_cent_s_g_unit_clothing_severs_ties_wi . Another one of 50 Cent’s releases was a ghostwritten memoir called From Pieces to Weight in 2005. According to Nielsen BookScan, its sold 73,000 copies in hardcover and 14,000 copies in paperback. At $23 for the hardcover edition and $13 for the paperback, thats $1. million in hardcover sales and $182,000 in paperback sales or $1. 9 million total. His new book, The 50th Law, lays out the personal philosophy and self-confidence that reversed the fortune of his humble beginnings. 50 Cent also launched his acting career with his 2005 biopic Get Rich or Die Tryin, but hes yet to achieve the former on the big screen. Get Rich only grossed $46 million, failing to recoup its $40 million budget. 50 followed that up with the Samuel L. Jacks on flick Home of the Brave, which made a whopping $499,620. His most recent outing last year in the $60 million Righteous Kill, with Al Pacino and Robert DeNiro, only banked $77 million. 50 cent is a true entrepreneur. He has ventured in rapping, creating his own clothing line, coming out with a book, landing a deal with Coca-Cola launching his own soft drink. 50 cent has even created a career in acting. Just when you think he has accomplished a goal in various fields, 50 cent seeks for another opportunity to make money. According to