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Autor: Dorian Shl • October 14, 2015 • Research Paper • 713 Words (3 Pages) • 150 Views
Walmart, according to Porter's Five Forces is the largest retailer in the world. Its strength is based in the fact that walmart is not a manufacturer, the firm is a distributor. Basically, its task is to buy at a low price and sell it at a high price, its value chain is pretty simple.
The value chain model.
Walmart is selling its products at a very low margin, the firm expect to ensure its profitability by selling huge quantity of products. One of its force is its logistical chain in order to ensure the stocks. as soon as an object is bought at the counter, the inventory system makes sure that another one will be available soon. walmart strength is also to be able to have a physical presence. With more than 11.000 stores over the United States and many other countries, they have the ability to grant the satisfaction to have the pleasure of instant gratification of buying an item and go home with it.
Let’s analyse the firm through the scope of Porter’s Five forces.
Threat of new entrants.
Economy of scale. Walmart sells a lot of products, and so has the ability to reduce its costs, it has a very huge buyer power.
Product differentiation. Walmart sells everything. books, electronics, travel, music, movies, pharmacy, the firm has a huge range of product.
Capital requirements. The amount of money to start a company and to afford the technology to grow and reach the size of Walmart is considerable.
Switching cost to buyers. The switching cost to buyers is very low. In order to do it, you just have to open an account on another website.
Access to distribution channel. Any firm can access to distribution channels, such as UPS, FedEx for example as well as Amazon. But Walmart has the advantage to have over 11.000 physical stores and so is able to allow shipping in its stores.
Overhead advantage. Walmart has huge costs coming from its stores, higher than Amazon.
In addition, Walmart has a huge technological gap with Amazon but has a bigger experience in physical retailing.
The market of online retail has enormous entry barriers.
Determinants of buyer power.
Descriptive Paper Essay, Research Paper
Tradition and Custom of Formosa
Every country has its amazing culture and tradition. It is an amazing experience for me to be able to be deeply connected with my own culture and also learn about American culture at the same time. I found out how important the traditions and customs are for a country. They are the strongest force that can bring people from the same country anywhere on earth together and become tightly united. It is how a country can be sustained and recognized by others. So, it is important to know about your own culture, where you are from and what is it like there. Tradition and Custom are the representation of a country?s pride. I would love to introduce you to some of the cultures and traditions that we have at ?Formosa?- Taiwan – during the Chinese New Year.
One night before the Chinese New Year, everything is based on auspiciousness. We usually have our so call ?Family Dinner. Relatives from everywhere will come back home to Grandpa and Grandma?s house and have a rich meal all together at a round table. The round table represents how the gathering between the families will be long lasting and filled with happiness. It would never happen that we sit around a rectangular table. This would destroy the notion of ?a family sitting tightly around a circle and surrounded with a perfect atmosphere that flows successively in this family. The main theme of the dinner will be having all kinds of food as much as possible that should be cooked with vegetables, fish, duck, beef, chicken or pork, chafing dish and some other little side dishes. It is like the Americans having abundance dinner during Christmas and Thanksgiving. While cooking the dinner, it would be a bad sign to flip the fish because during the old times, people usually went out and fished a lot as their living. It would be very inauspicious to flip the fish because it means flipping the boat as well. We are not supposed to finish the fish because in a Chinese common saying. always have enough and to spare every year. We cannot finish eating the whole fish on the plate in order to wish a lavish new incoming year in everything. At the dinner table, it would be very impolite to stick the chopsticks into the rice towards someone because this is supposed to be the way that we worship or show obedience towards our gods or ancestors who have all passed away. It is improper to do this in front of a living person.
After Dinner, we have to stay up the whole night. This custom seems to protect the elders in the family from danger or misfortune. We receive red envelopes from relatives as lunar New Year gifts. Red symbolizes jubilance and is able to keep the evil away. It also has a short story behind it. A Long time ago, there was a monster that would eat people as its living. The people in the village came up with a method to scare away the monster. They used the loud noise that firecrackers make to scare the monster away. The firecracker was red and they knew that the monster was not able to distinguish the differences between the colors. Whenever it saws red, it would think it was the firecracker and run away every time. So that is why everyone has to light the firecracker and let it make big noises until it is all burned out to scare away the evil spirit and bad luck. We also write calligraphy in Spring Festival couplets with good fortune words on them to respect everyone and ourselves marching towards a great year. Lots of parents will buy children new clothes with some red color on it. We clean up our house completely for the New Year because we believe that we can wipe the bad luck and misfortune out of the house by cleaning and wiping everything clean. It feels refresh and transformed.
During the New Year season, we also go around to friends? houses or relatives? houses to pay a courtesy call on New Year?s Day which is the first day of the entire New Year break, or shortly thereafter, usually with a present. Kids are the beneficiaries of that because that is when we get our red envelopes! There are also taboos about what you should not say during the Chinese New Year. There is much more about our culture and customs besides Chinese New Year. The New Year is the most typical one so that people would find it particularly interesting.
Chinese New Year is one of the most fantastic moments during a year. There are all kinds of traditions and customs present at the same time and everywhere. Traditions and customs of one?s country are very unique and meaningful. There are always reasons for the citizens to follow it, which are the stories behind them. It is really fun to get to know our own customs really well. I still follow them even though I do not know the stories for every single one of them. I would love to know more about other countries culture and custom as well as sharing my experiences and knowledge with others about my traditions and custom. The path of discovery is absolutely fascinating!
The term descriptive science is used to identify a category of science and distinguish it from other categories of science. The exact demarcation line can vary a bit depending on the purpose of making the distinction, but essentially it refers to those parts of science whose emphasis lies in accurate repeatable descriptions such as:
X causes A in circumstances B. [ 1 ]
Niiniluoto suggests that the distinction between what he calls descriptive sciences and design sciences is fundamental. "Descriptive sciences primarily aim to describe, explain and understand the reality surrounding us. Design sciences, on the other hand, aim at knowledge that is useful for the activity of design, i.e. aim to enhance human art and skill." [ 1 ]
David A. Grimaldi and Michael S. Engel suggest that descriptive science in biology is currently undervalued and misunderstood. "“Descriptive” in science is a pejorative, almost always preceded by “merely,” and typically applied to the array of classical -ologies and -omies: anatomy, archaeology, astronomy, embryology, morphology, paleontology, taxonomy, botany, cartography, stratigraphy, and the various disciplines of zoology, to name a few. [. ] First, an organism, object, or substance is not described in a vacuum, but rather in comparison with other organisms, objects, and substances. [. ] Second, descriptive science is not necessarily low-tech science, and high tech is not necessarily better. [. ] Finally, a theory is only as good as what it explains and the evidence (i.e. descriptions) that supports it." [ 2 ]
"[A]ll researchers interpret the world through some sort of conceptual lens formed by their beliefs, previous experiences, existing knowledge, assumptions about the world and theories about knowledge and how it is accrued. The researcher’s conceptual lens acts as a filter: the importance placed on the huge range of observations made in the field (choosing to record or note some observations and not others, for example) is partly determined by this filter"-Carroll and Swatman [ 3 ]Sources and notes
thomasos/paper/interpretive.pdf. Retrieved 21 October 2010.
Wikimedia Foundation. 2010 .Look at other dictionaries:
Descriptive knowledge — Descriptive knowledge, also declarative knowledge or propositional knowledge, is the species of knowledge that is, by its very nature, expressed in declarative sentences or indicative propositions. This distinguishes descriptive knowledge from… … Wikipedia
Descriptive geometry — is the branch of geometry which allows the representation of three dimensional objects in two dimensions, by using a specific set of procedures. The resulting techniques are important for engineering, architecture, design and in art.  Drawing… … Wikipedia
Descriptive research — Descriptive research, also known as statistical research, describes data and characteristics about the population or phenomenon being studied. Descriptive research answers the questions who, what, where, when, why and how. Although the data… … Wikipedia
Descriptive statistics — quantitatively describe the main features of a collection of data. Descriptive statistics are distinguished from inferential statistics (or inductive statistics), in that descriptive statistics aim to summarize a data set, rather than use the… … Wikipedia
science — [ sjɑ̃s ] n. f. • 1080; lat. scientia, de scire « savoir » I ♦ 1 ♦ Vx ou littér. Connaissance exacte et approfondie. ⇒ connaissance, 2. savoir. L arbre de la science du bien et du mal. Science de l avenir. ⇒ prescience. Savoir qqch. de science… … Encyclopédie Universelle
Science and mathematics from the Renaissance to Descartes — George Molland Early in the nineteenth century John Playfair wrote for the Encyclopaedia Britannica a long article entitled ‘Dissertation; exhibiting a General View of the Progress of Mathematics and Physical Science, since the Revival of Letters … History of philosophy
Science and Health with Key to the Scriptures — Science and Health with Key to the Scriptures, written by Mary Baker Eddy was inspired by studies of the Bible she undertook in 1867 following a healing experience.cite book last = Eddy first = Mary Baker authorlink = Mary Baker Eddy title =… … Wikipedia
Descriptive complexity — is a branch of finite model theory, a subfield of computational complexity theory and mathematical logic, which seeks to characterize complexity classes by the type of logic needed to express the languages in them. For example, PH, the union of… … Wikipedia
descriptive — [di skrip′tiv] adj. describing; of or characterized by description; specif. a) designating or of a branch of a science in which its data or materials are described and classified [descriptive anatomy] b) Gram. designating an adjective that… … English World dictionary
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