Tax on Tobacco in the UK Coursework Example | Topics and Well Written Essays - 1000 words

Tax on Tobacco in the UK - Coursework Example Tobacco tax in the UK has increased over the years, data collected from the tobacco manufacturers association (2009) shows that in 1990 the amount of tax per 20 cigarettes amounted to 1.2 pounds while in 2009 the tax had increased to 4.34, the following chart summarises taxes over the years: The above chart shows an increase in the level of tax per 20 cigarettes for the period 1990 to 2009. However according to the ACT on tobacco and health state that despite this increase in taxes, tobacco taxes are only adjusted in line with the rate of inflation and therefore have no major effect on tobacco consumption. Tobacco taxes are imposed for various reasons, these taxes are imposed in order to reduce tobacco use in the economy and therefore improve public health. However, the price elasticity of tobacco is an important factor to consider when imposing the tax in order to determine whether the price increase will reduce consumption to the desired level. Price elasticity of demand refers to the decline in demand when the prices are increased, the price elasticity value identifies the sensitivity of demand to a price change, price elasticity value of negative one means that a 4% increase in price will increase reduce demand by 4%, a value greater than negative one example -0.05 means that the demand is price inelastic while a value less than negative one example -4 means that we have relative elasticity, the following diagram demonstrates the nature of these demand curves that are inelastic, unitary and elastic. (Gregory Mankiw, 2002) From the above diagrams, it is evident that in diagram one a price increase by one from price 1 to price 2 will reduce demand by one unit from quantity 2 to quantity 1, the price elasticity value here will be -1 and, therefore we have unitary elasticity.

Case Study of Bolivar and Contemporary Greek Mythology Essay -- Nikos

The excessive element of the hero in both the poetic and artistic expression of Nikos Engonopoulos: The case study of â€Å"Bolivar† and the contemporary revival of Greek mythology It is, I think, in itself an heroic act to speak today of heroes and heroic excession in an era that is characterized as anti heroic. In earlier times – much earlier than the nineteenth century – the history of human achievement was not conceived of as anything but the history of heroic deeds which the distinguished dared to undertake and successfully managed to execute (J.P.Vernant 1989: 145) and whose memory is still alive. But, nowadays, achievement is considered to be the transient personal flaunting in fields such as politics, economics, athletics and entertainment. Those people, indeed, inspire admiration bordering on deification, reverence, in other words, equal to the admiration for heroes of earlier times, adoration of idols. Our time is antiheroic, a time in which idols have substituted for heroes and the necessity for selfassertion and personal benefit wins over this collective development. However, the question still remains as to the excess in human potential and the choices confronting an adventurous temperament extinguishing or at least neglecting fear in the face of danger. No matter how extraordinary and insane it might be, very often, heroic behaviour continues to enchant. This happens, possibly, because of the element of excess which is characterised, more than at any other time, by a convergence of the desire of modern man not to be hemmed in by individual â€Å"musts† of the technological civilization and a desire to return to the charm of the fairy-tales of his childhood years. This effort to accept the reality is neve... ...nica Mc Goldrick, 1995. 16. Todorov Tzvetan, 1995, Les abus de la memoire, Arlea, Paris. 17. Gellner Ernest, 2002, Nationalism, Alexandria Athens. B. Articles 1. Engonopoulos Nikos, May 1956, Zygos, â€Å"Are there common points of contact between modern art and the ideal of Greek art?†, Athens. 2. Friar Kimon, 1978, Modern poetry, â€Å"Simon and Schuster†, New York. 3. Gonzales F., 1976, Collection Voix, Maspero,  « Battle, N. Engonopoulos, Bolivar, Introduction, traduction et postface », Paris. 4. Vasiliou A ., 1978, Modern thought, 20, â€Å"Engonopoulos – Empirikos and Greek surrealism†, Athens. 5. Diamantopoulou Evangelia, May 2000, Elelef, 3, â€Å" Fear and fearless heroes in Theophilos Hadjimichail’ s paintings†, Athens. 6. Diamantopoulou Evangelia, 2002, Anef, 5, â€Å"Aphrodite, goddess of ancient Greece, goddess of the sea: the artistic proposal of Theophilos†, Cyprus.

The Corporate Rundown Tesla Motors

Tests gains competitive advantage over auto industry competitors because of their direct-to- nonuser sales, stores and service centers, innovative consumer financing options, and technological innovations. Tests faces multiple risks in its ongoing operations and strategic plans for future growth. Teasel's 201 2 annual report cites 63 risks related to Teasel's business and industry and an additional 6 risks related to the ownership of their common stock. In an attempt to identify gaps and propose recommendations for future implementation an analysis of the principal forces of supply and demand on the industry / company is required.Tests Motors-?objective and Strategy Chant Nell Tests Motors eschews the traditional auto industry â€Å"dealership† model and bypasses dealers and reaches customers directly through company-owned showrooms and online retail channels Value-added services are included, such as supercharger stations being installed in major markets throughout the US. St rategy Tests aims to become a mass producer of electric vehicles. In 2008, it launched the Tests Roadster model-?a paradigm shift/keystone in the EVE market. Tests has positioned itself as a key competitor in the EVE market.Market Positioning Tests covers key EVE market segments and dominates the EVE segment Of the argue automotive industry. The 201 2 Model S targeted at the middle- and upper-middle-class customer. The 2014 Model X to take advantage of the booming SUB crossover segment. The 201 6 Gene Ill is positioned to compete with mass market Eves. Alliances To facilitate growth, Tests has cultivated X types of partnerships, including supplier alliances, R&D alliances, and MEMO alliances with other automobile manufacturers. Additional revenue is generated from the sale of electric power train components and development services.Tests Motors-?Financial Performance and Future Guidance Tests Motors held its initial public offering (PIP) on January 29th of 2010. According to a break even analysis the firm became cash flow positive for the first time in its history in Q of PAYOFF. Tests has unique business structure. Its competitors in its industry are highly mature as opposed to Teasel's newly developed business model, thus finding comparable companies can be difficult. Given Teasel's uniqueness, two comparable analyses were required. One comparable analysis captures Teasel's industry competitors and one comparable analysis will capture Teasel's high growth rate.For the industry memorable analysis, seven companies are utilized to derive the industry average EVE/Revenue and EVE/Gross Profit levels. Using a weighted EVE/Revenue and EVE/Gross Profit for both set at 50%, the top line and the gross profit of the industry will sustain Teasel's future target levels. When screening for comparable for the growth rates in order to calculate the companies that have relative high revenue growth rate for 201 3 and 2014 a weighted EVE/ Revenue of 70% and EVE/Gross Profit of 30% is the best achievable outcome and is the most important measurement to consider for the high growth company.Existing Tests Market Dynamics- Lifestyle / Supply Chain Management: Tests created its life cycle and supply train strategy with the full understanding it wouldn't be the only producer of all-electric vehicles for long. Teasel's value proposition or â€Å"uniqueness† had to come from a commitment to being â€Å"at least two generations ahead† of its rivals. But how could it achieve that goal, when its battery packs came from a company in Taiwan that had previously manufactured only barbeques?Teasel's own engineers would have to spend months in Asia working out the design and engineering kinks. And the extra costs wound up wiping out the savings from cheap labor. To combat this Tests employed the following policies. It brought the power train manufacturing back in-house. Final assembly was relocated to California from the United Kingdom. Contract manufacturi ng was limited to the non-power elements of the vehicle. Its supplier base, more than 85 percent of which consisted of vendors producing a single part, was slashed.The company is now producing the Model S, a sedan with a base price of $57,000 greatly widening market of potential buyers. Through several iterations of its Roadster; each representing an improvement in quality and a reduction in production costs, as well as the initial production year for the Model S, Tests has pushed forward with its strategy although some issues do present themselves such as the recently announcement on Fox Business that â€Å"Tests provided some disappointing news in its recent third-quarter earnings report.The maker of electric cars lowered expectations for 2014 deliveries and delayed the launch of its Model X, a high-end electric crossover, until next fall. † This could point to some supply and demand issue and warrants further investigation. Controls: Teasel's strategy centers around mainta ining high quality controls as they transition to a higher level of in-house manufacturing process; and that the information technology systems that we are currently expanding and improving upon will be effective to manage a higher volume production.Operations: Tests sells its cars to customers through its stores which it fully owns and operates. Tests stores and galleries â€Å"are highly visible, premium outlets in major metropolitan markets some of which combine retail sales and service†. Teasel's stores change the entire car buying experience and take way the incentive of both the buyer and seller to compete on price. Furthermore, Teasel's stores allow the firm to achieve operating efficiencies as well as capture sales and services revenues that typical automobile manufacturers do not.Technology: Earlier this year Teasel's CEO, Leon Musk, announced to the world to permit competitors to, â€Å"in good faith,† make use of the automaker's patent portfolio for free. Th e goal, he wrote on Teasel's weapon, was to lure automakers into entering the electric vehicle (â€Å"EVE†) market. This patent policy shift was put forth in an effort to quicken the argental growth of Eves in the automotive market currently dominated by internal combustion engine vehicles. Additionally, Tests announced has an agreement with Panasonic to build a new, United States based battery plant.According to Deanne De Freesias of IV News, â€Å"Dubbed the Cofactors, the facility will be able to produce batteries for as many as 500,000 Eves per year by the year 2020. The scale of the production is projected to be so large, in fact, that by 2020 the Cofactors alone would produce as much battery capacity as the entire world produced in 2013. † Freesias goes on the say, â€Å"To be ere, the impact of the Cofactors will positively affect electric auto sales. The Cofactors scale and capacity may be felt across the technology and energy sectors as well. Financial: Tests announced a new financing option for customers that aim to bring down the monthly cost of owning a Model S. The finance option allows customers to enter into a 5. 5 year loan for around $500-$600 per month. Essentially, the customer does not have to put down any money up front because all Tests customers receive a federal tax credit. The federal tax credit is an incentive from the government for consumers to arches electric vehicles. The finance option combines the best features of a lease and a loan and makes the car affordable to more consumers. Lattice: Teasel's direct-to-consumer car sales are a strong strategic position and advantage they hold over typical automobile manufacturers in North America. Most automobile manufacturers are required by state law to sell their vehicles their franchised car dealerships. Tests is able to sell their cars directly to consumers because it has no franchised dealers Automotive Industry Business Cycle According to Douche, â€Å"Many factors af fect the performance of an industry and s each industry makes up a portion of real GAP, they in turn can impact the cycle of the economy.The automotive industry is clearly impacted by macroeconomic policy and auto production and sales rates in relation to interest rates, real GAP, inflation and unemployment make this evident.. † Tests has the deliberate yet novel approach of phasing in their product offerings gradually starting with the very high end / high performance model and then through its entrants in the performance sedan and crossover SUB markets, concluding with an what is typically an auto companies first offering, its mass market vehicle.Tests reversed the roll so they could generate a lot of hype in the media on a very limited production run. The most interesting thing about Tests is the role of marketing in selling electric cars that cost $100,000 or more. Many business leaders have attempted to change the automotive industry over the last couple generations and n one have succeeded. The process Of buying a car is essentially the same as it was generations ago. And the process has remained unpopular for decades.Tests is creatively using marketing to upend the auto industry business model: There are no Tests dealers There are no commissioned sales people Tests cars are marketed and not aggressively sold Tests transactions are conducted online The price is the price: no negotiation There is no inventory: the Tests Model S is built to order You can't test drive a Tests unless you put down a $5,000 deposit In many parts of the country, you can't see or drive the car before you buy even if you place a deposit.You have to wait in line for months or years to get a car And the marketing challenges are incredibly difficult: They are building a new luxury brand from scratch They are evangelize a new type of vehicle: an electric car They are selling a 60,000 – $100,000+ car that can't go on a road trip They must sell an entirely new model of buyi ng and owning a car While Tests is starting with expensive vehicles, they clearly have mainstream ambitions. They are investing to build a big car company. How hard is it to build and sell cars in the USA?Look at it this way: Tests is the second oldest publicly traded auto company in the united States behind Ford. GM went bankrupt and went public four months after Tests. Chrysler remains private following its own reorganization. While Tests has a long way to go to be profitable, producing cars in volume, and vying towards the mainstream, their first home-built product -? the Model S -? is a SUCCeSS. They have 10,000 – 20,000 orders and have swept the auto industry awards, winning the most recent round of Motor Trend, Automobile, and Yahoo Autos awards for car of the year.Tests is the first startup car company, and the Model S is the first electric car, to win these awards. Risk Management Recommendations and Strategies- Based on the research conducted a few of the lessons lea rned would be prudent for Tests to internalize and incorporate going forward. Make sure that supply-chain, corporate and product strategies are tightly aligned. Teasel's us apply-chain managers should work closely with the engineers to jointly evaluate costs, working with only a targeted few trusted suppliers.Complete and in-depth evaluation of the multiple external drivers, including global economic trends, customer preferences, proximity to markets, labor costs, supplier quality, regulatory requirements, environmental sustainability, community responsibility and geopolitical shifts. Don't offshore manufacturing until your product has matured and stabilized. With the opening of the Gaga factory this issue is well on its way to being solved but it bears remembering.While there is no history of or mention of derivatives for Tests in either Its annual report or the media it is considered as a perfect hedge according to Seeking Alpha or Tests can capitalize on this to counter the first three risks related to the ownership Of our common stock identified in the 2012 annual report. 1. Concentration of ownership among our existing executive officers, directors and their affiliates may prevent new investors from influencing significant corporate decisions. 2.The trading price of our common stock is likely to continue to be volatile. 3. A majority of our total outstanding shares are held by insiders and may be sold in the near future. The large number of shares eligible for public sale or subject to rights requiring us to register them for public sale could depress the market price of our common stock. Hedging will enable a more diversified ownership, reduce the volatility in stock pricing and if staggered effectively reduce the impact of insiders selling large allotments of shares.Conclusion Tests developed a specific strategy for life cycle and supply train management with the goal of being â€Å"at least two generations ahead† of its rivals. As a intros strat egy to improve on supply and demand management Tests will transition to increased levels of â€Å"in-house† manufacturing processes. In an integrated approach linking operations and political strategies Tests sells its cars to customers through its stores which it fully owns and operates bypassing state regulated dealerships entirely.Its technology strategy is a patent policy shift, put forth in an effort to quicken the percentage growth of electronic vehicles in the automotive market currently dominated by internal combustion engine vehicles. For a financial strategy Tests created a new enhancing option for customers that aim to bring down the monthly cost of owning a Model S. Tests has identified 69 different risks in its 2012 annual report and has formulated risk mitigation strategies for each.

Should Marijuana Be Legalized Essay - 1401 Words

It is heavily debated as to whether or not marijuana should be legalized. There are numerous reasons for and against legalizing marijuana, some say that the government can tax it, some say that it helps with certain medical conditions. People also say that it is not a gateway drug and does not lead to drug abuse. Then there is the question of should we legalize it now even though there is no way to test the levels in your blood at a routine police stop. There are some really good points as to why marijuana should be legalized and some good reasons as to why it should not be legalized, the truth is that people are going to smoke marijuana whether it is legal or not. If marijuana was legalized nationwide the government will be able to tax†¦show more content†¦Cancer patients use marijuana to help calm the side effects of Chemotherapy. Knowing that this plant can help ease the side effects of something so severe that essentially destroys your body while trying to kill off cancer, it seems like to give someone a little bit of hope of feeling better is what a cancer patient deserves. There are people with other ailments like Glaucoma, Parkinson’s, and even depression. The Huffington Post reports that â€Å"The drug also helps with people who have loss of appetite due to diseases such as HIV/AIDS.† (Huffington Post, 2013) If we fight for women to have the right to choose because it is essentially considered their bodies, why can we not allow a cancer patient or someone suffering from HIV/AIDS to choose what they want to do with their bodies. It seems that this argument of allowing women to choose is almost contradictory when i t comes to smoking or even eating marijuana. It is interesting what people pick and choose to be for or against in today’s world, a person any person should be legally able to choose what they do to their body so long as it abides by the laws that correspond with what you do to your body. Then there is the fact that smoking marijuana does not lead to drug abuse or even the experimentation of other drugs. Again, the Huffington Post states â€Å"as Scientific American points out,Show MoreRelatedShould Marijuana Be Legalized?849 Words   |  4 Pageswhether marijuana should be legalized. Around 23 states have legalized marijuana for medical and recreational use. In the state of Illinois, medicinal use of marijuana has been passed on April 17, 2013. Since January 2014, patients are able to obtain marijuana with a doctor s recommendation. The new debate is whether marijuana should be legalized for the general public as a recreational drug. Although some believe that marijuana is harmless, and that it has beneficial medicinal uses, marijuana shouldRead MoreShould Marijuana Be Legalized?1715 Words   |  7 PagesMarijuana in Society Cannabis, formally known as marijuana is a drug obtained from the tops, stems and leaves of the hemp plant cannabis. The drug is one of the most commonly used drugs in the world. Only substances like caffeine, nicotine and alcohol are used more (â€Å"Marijuana† 1). In the U. S. where some use it to feel â€Å"high† or get an escape from reality. The drug is referred to in many ways; weed, grass, pot, and or reefer are some common names used to describe the drug (â€Å"Marijuana† 1). Like mostRead MoreShould Marijuana Be Legalized?1489 Words   |  6 Pagescannabis plant or marijuana is intended for use of a psychoactive drug or medicine. It is used for recreational or medical uses. In some religions, marijuana is predominantly used for spiritual purposes. Cannabis is indigenous to central and south Asia. Cannabis has been scientifically proven that you can not die from smoking marijuana. Marijuana should be legalized to help people with medical benefits, econo mic benefits, and criminal benefits. In eight states, marijuana was legalized for recreationalRead MoreShould Marijuana Be Legalized?1245 Words   |  5 PagesMarijuana is a highly debatable topic that is rapidly gaining attention in society today.   Legalizing marijuana can benefit the economy of this nation through the creation of jobs, increased tax revenue, and a decrease in taxpayer money spent on law enforcement.   Ã‚  Many people would outlaw alcohol, cigarettes, fast food, gambling, and tanning beds because of the harmful effects they have on members of a society, but this is the United States of America; the land of the free and we should give peopleRead MoreShould Marijuana Be Legalized?1010 Words   |  5 PagesThe legalization of marijuana became a heated political subject in the last few years. Twenty-one states in America have legalized medical marijuana. Colorado and Washington are the only states where marijuana can be purchased recreationally. Marijuana is the high THC level part of the cannabis plant, which gives users the â€Å"high† feeling. There is ample evidence that supports the argument that marijuana is beneficial. The government should legalize marijuana recreationally for three main reasonsRead MoreShould Marijuana Be Legalized?1350 Words   |  6 Pagespolitics in the past decade would have to be the legalization of marijuana. The sale and production of marijuana have been legalized for medicinal uses in over twenty states and has been legalized for recreational uses in seven states. Despite the ongoing support for marijuana, it has yet to be fully legalized in the federal level due to cultural bias against â€Å"pot† smoking and the focus over its negative effects. However, legalizing marijuana has been proven to decrease the rate of incrimination in AmericaRead MoreShould Marijuana Be Legalized?1231 Words   |  5 Pagesshows the positive benefits of marijuana, it remains illegal under federal law. In recent years, numerous states have defied federal law and legalized marijuana for both recreational and medicinal use. Arizona has legalized marijuana for medical use, but it still remains illegal to use recreationally. This is absurd, as the evidence gathered over the last few decades strongly supports the notion that it is safer than alcohol, a widely available substance. Marijuana being listed as a Schedule I drugRead MoreShould Marijuana Be Legalized? Essay1457 Words   |  6 PagesSHOULD MARIJUANA BE LEGALIZED? Marijuana is a drug that has sparked much controversy over the past decade as to whether or not it should be legalized. People once thought of marijuana as a bad, mind-altering drug which changes a person’s personality which can lead to crime and violence through selling and buying it. In the past, the majority of citizens believed that marijuana is a harmful drug that should be kept off the market and out of the hands of the public. However, a recent study conductedRead MoreShould Marijuana Be Legalized?1596 Words   |  7 Pages But what needs to be known before a user can safely and completely make the decision if trying Marijuana is a good idea? Many do not want the drug to be legalized because they claim that Cannabis is a â€Å"gateway drug†, meaning it will cause people to try harder drugs once their body builds up a resistance to Marijuana, because a stronger drug will be needed to reach a high state. This argument is often falsely related to the medical si de of the debate over legalization. It is claimed that this wouldRead MoreShould Marijuana Be Legalized?985 Words   |  4 PagesLegalize Marijuana Despite what people believe about marijuana, it hasn’t once proved to be the cause of any real issue. It makes you wonder what the reason as to why there is a war on drugs. Why is marijuana the main concern? Since the time that alcohol and tobacco became legal, people wonder why marijuana isn’t legal yet. The fact that marijuana is illegal is mainly caused by the amount of money, jobs, and pride invested in the drug war. Once the government starts anything, they stick to it. At