Thursday, December 26, 2019

The Great Recession Of 2008-9 - 1850 Words

The Great Recession of 2008-9 was the deepest and longest capitalist economic slump since the Great Depression of 1929-32. The recent financial crisis is known as the â€Å"Great Recession† of 2008-9. Its downturn was sparked by the collapse of the US housing market. In 2006, the prices of home began to rise and the banks began to encourage potential homebuyers to take out larger loans. There were lower interest rates at the time, and this seemed like a good idea for most individuals who were searching for a new home. Then, in mid-2007, the interest rates began to rise. The values of the homes decreased and the amount of money a house was worth declined significantly. Many homeowners were stuck with large loans, increasingly high interest rates, and a decreased price of their home. Many homeowners went into foreclosure or were evicted. This eventually led to large financial institutions and banks to become bankrupt, which lead to an overall fall in the US economy. Stocks dropp ed, consumer spending declined significantly, and companies began to go out of business (Athanasiu, 43). This financial crisis has impacted the economy tremendously during that period. Businesses have been drastically impacted, as have the lives of workers in the United States. Many articles have been published about different aspects of the recession. One question that has not been completely addressed is how the Great Recession has affected small business and unemployment rates. The reason for addressingShow MoreRelatedThe Great Recession Of 20081123 Words   |  5 Pages The Great Recession of 2008 Debra Turner ECON 102 Professor, Shahrokh American Public University September 26, 2015 â€Æ' The Great Recession of 2008 Recession is a significant decline in real GDP, real income, employment, industrial production, and wholesale/retail sales, which last more than a few months. (Economic recession, n.d.) Further, a recession typically begins after a peak in the economy and ends at the trough, however, â€Å"the start and end dates are determined by the Business Cycle DatingRead MoreInternal and External Factors Affecting Uk as a Destination Essay1684 Words   |  7 Pagesexchanging their own money as one UK pound is worth more than one of their currency. 2010 Exchange rates http://www.xe.com/ 25/11/10 When the pound is weak this means the country’s economy is doing badly. For example, during the recent recession in 2008, although visitor numbers fell, the amount of money spent was increased from an average of  £487 per visit in 2007 to  £554 per visit in 2009, this is due to tourists receiving more English pounds when exchanging their money meaning they have moreRead MoreThe Rate Of Gross Domestic Product And Unemployment863 Words   |  4 Pagesfor global dominance and influence, resulting in high standards of living, decreased unemployment, and prevention from recessions, depressions and also lower the risk of inflation but is there a link between the gross domestic product and unemployment that plays a role in all this? And how does this effect the well being of an economy, also why was the Canadian recession of 2008 a proof of this direct but opposite link of GDP and unemployment. Now to connect the dots, it’s easy to put out all theseRead MoreThe Federal Reserve And Central Banking System1109 Words   |  5 PagesEdith Deras-Fraijo Mr. Lauer Economics November 9, 2015 The Federal Reserve The Federal Reserve is the main banking system in the United States. It has 12 regional banks around the nation, its headquarters being located in Washington DC. The Federal Reserve (better known as the Fed) was established in 1913 by Congress in order to â€Å"provide the nation with a safer, more flexible, and more stable monetary and financial system† (federalreserve.gov). Although the Fed was created over a centuryRead MoreThe Great Recession Of 2008 Was A Worldwide Economic Downturn1673 Words   |  7 PagesThe Great Recession of 2008 was a worldwide economic downturn that impacted the global economy. Economists consider the economic decline as one of the most damaging recessions that occurred since the Great Depression of 1930’s. Several documentations and research regarding the recession have been made to make a better understanding of the economic downturn in 2008 as well as the global economy as a whole. The book used as reference in this essay, th e Diary Of A Very Bad Year: Confessions of an AnonymousRead MoreFinancial Crisis Essay1119 Words   |  5 Pagesit ranked 5 in 2008 and it ranks 12 today. On the World Banks Doing Business indicator it ranked 3 in 2008 and it ranks 7 today.† (Hover Digest 9). Much of this shrinkage has been attributed to various periods of economic turmoil in the past several decades; the 1979 energy crisis, the Savings and Loans crisis of 1982, the â€Å"Black Monday† global stock market crashes of 1987, the Dotcom bubble of 2000-2, the recession of 2002-3, the housing bubble and subsequent crisis of 2006-2008. It is from manyRead MoreResearch Paper on the Recession of 2007-20091672 Words   |  7 Pages| Research Paper on the Recession of 2007-2009 | Cynthia Funes | | American Government 2301 | 9:40-11:40 A.M. | Mr. Jacobs June 28, 2011 | Everybody in the United Stated was affected by the recession that began in December of 2007 and spanned all the way to June 2009. Even though the recession is over, many people are still being affected by it and have still not been able to recover from the great recession. â€Å"The recent recession features the largest decline in output, consumptionRead MoreFrom Reagan to Obama: Turning Points in Presidencies1070 Words   |  4 Pages history; and b) the great recession beginning in 2008 had a devastating impact on the American economy, on consumers, on housing and more. Barack Obama was elected to the presidency in the fall of 2008, beating Republican U.S. Senator John McCain. The New York Times argued that Obamas victory †¦amounted to a national catharsis a repudiation of a historically unpopular Republican president (George W. Bush) and the foreign and domestic policies of Bush (Nagourney, 2008). Obamas popularity wasRead MoreAustralia s Economic Success And Growth Rates1699 Words   |  7 PagesAustralia is also one of the few countries in the world that was essentially unaffected by the Great Recession during 2008 and 2009, because of the intuitive financial stimulus decision made by Australia’s policymakers after predicting economic collapse only five months before the recession’s conception (Barrett 9). Because of Australia’s economic success and ability to dodge the effects of the financial crisis of 2008, its currency, the AUD, or Australian Dollar, has driven the exchange rate to AmericanRead MoreThe Growth And Pe ak Stage Of A Business Cycle1498 Words   |  6 Pagesitself. These stages are growth, peak, recession and a trough or depression. These cycles repeat themselves over and over through out time in the business world. The growth and peak stage of a business cycle are when companies are building and providing great products and services. This is also the period when jobs are most abundant and harder to fill because job positions are in demand. After the peak stage a risky point in time follows which is the recession stage. During this time people tend to

Wednesday, December 18, 2019

French Revolution - Montesquieu Voltaire - 844 Words

French Revolution: The Influences When the Enlightenment occurred, it established some modern-day ideals such as religious toleration, separation of powers, and natural rights. These Enlightened principles eventually spread throughout France, causing the people to question the current state of their society, and ultimately causing the French Revolution. Montesquieu and Voltaire were two very major Enlightenment figures whose beliefs had a huge impact on the French Revolution. The ever-growing middle class of France had begun to have access to and absorb some writings and ideas of philosophes like Montesquieu, Voltaire, Rousseau, and Diderot. In addition, the recent American Revolution proved to the people of France that Enlightenment†¦show more content†¦When the Revolution finally occurred, it became apparent that implementing things from the Enlightenment was much harder than simply being influenced by it. Nevertheless, Montesquieu’s separation of powers was implemented quite well and proved to be an essential factor in aShow MoreRelatedThe French Revolution And The Revolution Of The Late 1700 S1280 Words   |  6 PagesThe American Revolution, along with many revolutions occurring throughout Central America, were all directly inspired by the French Revolution of the late 1700’s. Evidence of this can be seen simply by looking back at world history. History shows that many philosophies of the American Revolution were actually ideas that either closely parallel or are directly taken from the writing of various French scholars, such as Voltaire and The Baron De Montesquieu. The very essence of American politics, DemocracyRead MoreThe French Revolution And The Revolution1640 Words   |  7 Pages The French Revolution is often seen as one of the most influential and significant events in world history (Voices 9). The surge of rebellion present in those against the old regime, or Ancien Rà ©gime, inspired reformers for generations to come. Nevertheless, the French Revol ution would not have occurred without the aid of the Enlightenment Thinkers, or Philosophà ©s. These Philosophà ©s’ ideas sparked the French Revolution. Prior to the French Revolution, France was radically different. It was theRead MoreA Great Period Of Time1528 Words   |  7 Pagesdifferently. These new ideas were brought about by individuals called philosophes. There were many philosophes whose ideas had a great impact on the world, but there were three philosophes whose ideas had an immense impact. Those three would be Montesquieu, Voltaire, and Diderot, and they were known as â€Å"The 3 Great Philosophes†. Through their new ideas brought during the Enlightenment, the Enlightenment would go on to have a large impact on the Christian Faith. There is no real starting date of The EnlightenmentRead MoreThe Enlightenment As A Period Of Time During The Eighteenth Century860 Words   |  4 Pagesand consisted primarily of elite writers and intellectuals. The Enlightenment Thinkers, mostly through their writings, were able to spread their ideas of a new European outlook which would ultimately have a profound influence in the minds of the French revolutionaries. Promoting their ideas, the Enlightenment Thinkers emphasized reason, knowledge, and science, and the concept of rational change. They believed the concept of reasoning could be applied in situations other than scientific in natureRead MoreEnlightenment Ideals As Catalysts Of The French Revolution3094 Words   |  13 PagesAamna Malik Ms. Maize CHY4U1 November 18, 2014 Enlightenment Ideals as Catalysts of the French Revolution â€Å"Man is born free and everywhere he is in chains† (Rousseau 1). These words of the 18th Century philosophe Jean Jacques Rousseau perfectly describe the sweeping turmoil in Pre-revolution France. Freedom as pertaining to underlying societal structures such as social codes, political establishments, and religious institutions was believed by Enlightenment thinkers to be a natural rightRead MoreThe Beginning Of The Year1524 Words   |  7 Pagesequality could change the world for the better. The American Revolution was sparked by the ideas of The Enlightenment, and that was only the beginning of America’s fight for a democracy, all thanks to the ideas of the European Enlightenment. The European Enlightenment helped to shape the world’s society in political, social, and historical ways. The Enlightenment caused many revolutions and rebellions, such as the French and American Revolutions. For example, â€Å"The Enlightenment expired as the victim ofRead MoreEnlightenment During The French Revolution1423 Words   |  6 PagesThe French Revolution: Two of the Greatest Eras Working Together Without Knowing Molly Dauk Honors World History Mrs. Bartosik May 5, 2017 The Enlightenment and the French Revolution, two of the most enriched periods of history, probably never to be left out of the history books. The French Revolution was influenced greatly by the Age of Reason. The Enlightenment period took place over about three-hundred years, whereas the French Revolution took place for only ten years. The French RevolutionRead MoreThe Influence of Voltaires Philosophical Works on the French Revolution1128 Words   |  5 PagesPhilosophical Works on the French Revolution The philosophical works of Voltaire, such as Candide, influenced the beginning of the French Revolution, promoting new ideas and concepts. Voltaire used both wit and sarcasm to prove his points against injustice and cruelty. Voltaire was exiled to England for many years, and while there, he became influenced by the English government systems, associated himself with Sir Isaac Newton, John Locke, and Sir Francis Bacon. Voltaire wrote many well known worksRead More Philosophers of the Age of Enlightenment Essay examples1477 Words   |  6 Pagesand political reform were possible. People started to think that they could use their own intellect to challenge the intellectual authority of tradition and the Christian past. The people who wrote for change and reform were called the philosophes (French for philosophers). They wrote hoping to bring reform to religion, political thought, society, government, and the economy. Thanks to the print culture, the philosophes’ ideas were spre ad throughout Europe. People started to have educated conversationsRead MoreFrench Revolution: the Solution to Class Inequality1141 Words   |  5 Pages The French Revolution was one of the most important events that occurred in the history of France. The revolution crumpled the Old Regime and completely transformed the social and political system of France. The people of France sought to establish a more egalitarian society through their newly created Republic. When Enlightenment thinkers such as John Locke, Jean-Jacques Rousseau and Baron de Montesquieu introduced individual liberty, natural rights and equality the ideas of revolution emerged

Tuesday, December 10, 2019

ICT on Innovation and Performance †Free Samples to Students

Question: Discuss about the ICT on Innovation and Performance. Answer: Introduction: The healthcare organization is situated in the Ringwood East. Maroondah is known as the metropolitan teaching hospital that offers services that includes general and specialist medicines along with emergency medicine, services regarding critical services, surgery, allied health and ambulatory health. Within the case study, main focus has been put on the general medical process of Maroondah hospital. The process is consisting of all the activities that a patient has to follow in a general hospital. Detailed description of the process has been provided in the below section. The visit of individual patient has been considered in the case study. The process starts with admitting the patient and ends with discharge of patient. Individual patient record is maintained within the hospital. Treatment, Diagnosis and tests are included within the general medical process of Maroondah. Doctors, therapists, receptionists, test experts and schedule planners are various resource groups within the organization. These groups are responsible for performing various tasks of the organizations general medical process. Organizational knowledge, clinical information and medical knowledge is increased and understand by the points called work item, task and activity. The purpose of the general medical process is offering cost efficient as well as high quality care to the patient of Maroondah hospital. This means that general medical process is done for providing better care to the patient while reducing the cost of the whole process without harming the quality of the process. At first the patient registers at the front desk of Maroondah hospital through providing details to the receptionists. After the successful completion of registration, the schedule planner, regarding the initial diagnosis of the patient, creates an appointment. The doctor is responsible for carrying out the initial diagnosis. After the diagnosis is done, the doctor decides what needs to be done regarding the patient treatment. If the doctors decide that the patient requires no treatment then the patient is released. Another reason for releasing the patient can be inability of Maroondah hospital to provide treatment to the patient. Based on the collected initial diagnosis report and information, the doctor will refer the patient to another doctor. This doctor is often from other expertise and provide further assistance to the patient regarding the treatment. It may happen that the symptoms of the dieses are not clear to the doctors. In such cases, the doctors have to do further analys is on patient to identify the dieses and symptoms. The tests can be of various kinds. Biochemical tests, function tests and visual tests are the most common among all the tests in Maroondah hospital. Various experts are required for doing a test on the patient. The doctors uses the reports, generated after successful completion of test, for understanding the patient condition in much better way. The responsible doctor may take a step to forward the treatment. The doctor, can choose to release the patient, do consulting with other experts, practitioners and doctors or request for further analysis. This analysis may consist of more tests or adequate therapies in accordance with patient health condition. Various options are available to the doctors such as surgery, medication, physiotherapy and radiotherapy that happen to be handled by the range of medical staff. Following therapy, a prospects is actually made good link between the actual therapies. For the medical diagnosis, test or therapy, a meeting should be created before you start because of the schedule planner. Test: This is the dermatologist's selection pertaining to that testing should certainly end up being completed. There exists often standard protocol that designates the actual testing to try and do depending on early diagnosis. The testing can be executed in almost any order or in some cases concurrently. There are various unique testing, many turn out handled internal nonetheless other people additional by way of others due to the not enough educated team plus restricted equipment. Therapy: This is the dermatologist's selection the way to proceed. In the event of surgery or radiotherapy an additional practitioner is actually engaged who seem to might look at the therapy as a whole new instance and she could possibly start with a much more precise medical diagnosis method just before beginning the actual therapy. Given that there could possibly be many remedies which might be executed as well we have used a repeater structure such as "testing ". Low effectiveness is the absolute most visible problem. Some of the waiting time is excruciating for patients, and also delays in obtaining test results and unwanted tests. For the reason that processes require numerous central units and external companies, conversation can be a major issue. To be sure punctual diagnosis needs advanced level cooperation among these entities which can even be not easy to manage. Condition administration must be enhanced according to the utilization of Electric Individual records. Recommendations: Website: If a website is developed for Maroondah hospital, then the patients can register themselves on their own. If the number of new patients are more than general, the receptionist may take more than required time to register each of them one by one. A patient has to wait until another patient is registered. If the website is developed, then individual patients can register themselves at the same time. The capacity of the website has to be processing hundred requests simultaneously so that website does not crash. Using an Organization Wide Shared Database: The shared database will allow the organization to have all the data in the same place and better efficiency in providing information to the required personnel. The whole hospital employee and doctors can access that database and update of any data can be accessed by authorized user. Using Hybrid Cloud Application: Through the use of cloud application that is shared with other hospitals, Maroondah hospital can actually see the results of the tests or previous health condition of the patient if that patient has taken treatment from partner healthcare center. This will surely result into less cost of treatment and less time of patient care. Best Practice: Problems Best Practices Solution Explanation Advantages Disadvantages waiting time is unbearable for patients Parallelism The hospital should process the request in form of larger number of queue formation. Higher number of queues would help in the process of clearing out the records of the patient faster. The hospital should fast forward their work and gather the information of the patients before the scheduled appointment. Most of the appointments these days are pre booked. Thus the hospital should collect the reports based on the appointments and store them so that the process can be fast forwarded. The time that is required for on patients would be reduced if the process of parallelism is used. Higher number of queues creation would help in process in higher number of patients at given time which would speed up the process as well as the waiting time of the patients. The hospital should fast forward their work and gather the information of the patients before the scheduled appointment. The higher the number of queues formation the higher is the number of resources that needs to be provided for the completion of the checking procedure. This would in turn make the cost for the resources used would be more than the previous expenses. communication is a big issue Outsourcing Communication can be one of the biggest problem in an industrial sector. The problem due to communication can result in the loss of clients as well as in the loss of resources. The advantage of using the outsourcing process would help the organization of retain the customers as well as process the request faster than before. The outsourcing of knowledge sharing work is done to a country with a different time line which would help in the provision of 24 hours of service to the clients. The disadvantage of such process can be that the use of such outsourcing process can cost more than the previously incurred cost for the domain of communication. The outsourcing process of communication would require the sharing of data and information with other third party user which might hamper the data protection act of the patient as well as produce problems related to data theft and hacking. Disease management needs to be enhanced Separation of Duties Dividing of the duties among different departments of the hospital would help in processing of the problems and issues of the patients at a faster rate. Creation of a separate department for the analysis of the patients details as well as the diseases they come to the hospital with would help the hospital in understanding their weakness and strength in the form of disease control. Advantage of the usage of this process is that the data analysis would provide better insight in the process of understanding the drawbacks and the strengths of the hospital in the field of treatment of the patients. If the hospital is able to do this then they would be able to work on their weakness for the benefit of the hospital and in turn make a profit in the field of revenue as well as in the field of expanding their working environment. The disadvantage of the use of such process is that due to the process of increasing the number of departments the management of the departments would become more complicated and the resources to be incurred in the management of the resources would be more. The process of requesting the reports from different departments would become more tiresome in the case of an emergency patient in the hospital. The departments should be interconnected to make the process of department creation better for the hospital. delays in obtaining test results and unnecessary tests Prioritization The process of prioritization is the use of proving priority number to the cases which are coming into the hospital for diagnosis. The patient who are deemed as less critical can be provided with a general category bed for them whist reserving the critical unit beds for the patients who are to visit the hospital with much serious cases. The advantage would help the hospital in managing the process of providing bed to the patients. Creation of a separate department for the analysis of the patients details. The reserving of the beds for the most critical patients and providing the common beds to the patients with a lesser serious cases then they would be able to receive the best care from the hospital along with the fluid flow of patients care. The disadvantage can be reported as the disallowance of beds to the patients due to the setting of the priority of the beds and cases. There may be patients who require an urgent bed but they are not in a serious condition to provide them with an intensive care bed. This would mean that the patient has to go away. This may become a serious issue for the hospital if the patients gets to go away then there may be a loss of resource as well as clients difficult to manage all entities Interfacing The interfacing of different situations is the process of making use of different departments as well as employees for the fluid transaction clearance and process verification for the patients that are visiting the hospitals for the access of the features of the hospital. The advantage of this process is that the entities will be able to be managed easily and the process of management of the working process would help in the easier understanding of the processes and formalities that needs to be followed for the admission procedure. Processing the request faster would help the client to stay happy in the form of cutomer support provided to them from the hospital. The disadvantage is that the process can become longer and tiresome for the patients home party for the admission to be completed. The hospital should fast forward their work and gather the information of the patients before the scheduled appointment. The process can often make the patient impatient during the time of admission. Bibliography: Arvanitis, S. and Loukis, E.N., 2016. Investigating the effects of ICT on innovation and performance of European hospitals: an exploratory study. The European Journal of Health Economics, 17(4), pp.403-418. Jankovsky, Z., Denman, M. and Aldemir, T., 2017, June. A Dynamic Assessment of Auxiliary Building Contamination and Failure due to a Cyber-Induced Interfacing System Loss of Coolant Accident. In International Conference on Topical Issues in Nuclear Installation Safety: Safety Demonstration of Advanced Water Cooled Nuclear Power Plants, Vienna, Austria. Payne, K.F., Weeks, L. and Dunning, P., 2014. A mixed methods pilot study to investigate the impact of a hospital-specific iPhone application (iTreat) within a British junior doctor cohort. Health informatics journal, 20(1), pp.59-73. Rahman, N.A.A., 2017. Electronic Propinquity in the Hospital Management System among ICT Integrated Hospitals in Malaysia. Jurnal Komunikasi, Malaysian Journal of Communication, 33(3).

Monday, December 2, 2019

International Market in the North American

Market Size Healthcare Solutions consulting firm that is planning its launch in the North American market and Europe should employ better marketing segmentation criteria. The criteria that the consulting firm uses to classify its customers are measurable, responsive to marketing mix and they are reasonable (Kotler Keller, 2007).Advertising We will write a custom essay sample on International Market in the North American specifically for you for only $16.05 $11/page Learn More Therefore, the segmentation criteria that the consulting firm should apply include economic, geographic, demographic, behavioral, and psychographic ones. Under economic segmentation, the market can be categorized according to the levels of income. As a result, this classification includes people from high-income, medium-income and low-income categories. Geographic segmentation acknowledges variables climate, population growth, region and population density (â€Å"Market Segmentati on†, 2010). The Healthcare Solutions Consulting firm invests more in regions with high population growth and density. Moreover, demographic segmentation relies on human variables including age, ethnicity, gender, occupation, education, and family status (â€Å"Market Segmentation†, 2010). These variables are different aspects and the consulting firm applies then only on areas deemed essential in the sense that those factors do not affect the consumer choices and preferences. Behavioral segmentation enables the consulting firm to use variables such as price sensitivity rate of usage, benefit sought, and brand loyalty (â€Å"Market Segmentation†, 2010). In this area, the Healthcare Solutions Consulting firm uses such attributes to improve on the quality of its healthcare services. In addition, psychographic segmentation helps the consulting firm determine the consumers’ lifestyle, attitude towards healthcare services and values attached. It can be proposed i n this plan that through the segmentation, Healthcare Solutions firm is able to understand the customers’ preferences and desires, thus making informed choices during distribution of the Healthcare services. Growth Rate The growth rate of Healthcare Solutions consulting firm in North America and Europe can be analysed through micro and macro-environment analysis. For instance, microenvironment entails the analysis of the immediate external environment in which Healthcare Consulting firm operates.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In this regard, the analysis focuses on the healthcare solutions market, competitive environment and the costs involved (Kotler Keller, 2007). This can only be achieved by continuous surveys of the healthcare solutions competitors’ actions in this market. Under Healthcare Consulting firm’s strategic marketing plan/approach, it wo uld continuously monitor potential benefits/opportunities offered by the new line of products/healthcare solutions to ascertain its financial viability Profitability The profitability Healthcare Solutions consulting firm can be determined by matching the company’s expenses against its revenue earnings. In order to do this evaluation, it is better to use the earned value analysis technique. Earned value analysis is a method of performance measurement. It is a program management technique that uses â€Å"work in progress† to indicate what will happen to the marketing plan in the future. Earned value goes one step further and examines the actual accomplishment of the marketing plan. This allows the marketing managers to have a greater insight into the potential risk areas. It is a set of guidelines that guides the firm’s management control system. Channel Strategy Healthcare Solutions consulting firm to be launched in the North American market and Europe should use appropriate channel strategy. With increasing intense competition witnessed in many organizations today, most firms are obliged to adopt multiple channels strategies for several reasons. As a result, head on channel strategy becomes inevitable in multi-channel environment. The effect of this competition is a sharp increase or decrease in demand for one of the chosen channels. Multichannel has been adopted for cutting costs to meet varied consumer needs, covering different marketing segments and increasing profits. Decision makers are in dilemma over introduction of channels to meet market demands and managing channel strategy. As a result, decision makers are obliged to rationally and systematically analyse the situation and develop mechanisms of managing channel strategy to achieve channel structures that are optimally working. However, managing channel strategy is not simply due complex nature of channel variables (Kotler Keller, 2007). A channel equation can be applied in makin g decisions. The channel conflict/strategy equation is given by the following formula.Advertising We will write a custom essay sample on International Market in the North American specifically for you for only $16.05 $11/page Learn More Strategy= ∑ Importance Ãâ€" Frequency Ãâ€" Intensity. The major variables under consideration in management of channel strategy are healthcare service, price, healthcare service, profit and consumption. While making decision on channel strategy management, a simulation model should be developed to manage these variables, which are based on the equation. A decision maker needs to analyse and understand the interaction of supply, demand and price before making decision on appropriate channel to use. An increase in demand of a healthcare service will cause a proportional price and profit increase at a constant cost. In such a market, many suppliers or healthcare solutions providers will try to increase healthcare se rvice/service in the market which in turn calls for more investors. Consequently, price will go down due to increase in supply. This will also affect the demand in substitute healthcare services. Adam Smith’s corners stone of four channels (hypermarkets, wholesalers, direct sales and e-commerce) is an example of useful channel strategy management decision model. One needs to create an understanding of interactions of the variables to develop a healthcare service system similar to Smith’s channel. It will be realized that it is consumption or healthcare service of a given channel that will be minimal in a given period. Allocation of healthcare service becomes a vital decision tool for a decision maker who needs to reduce channel strategy conflicts. Healthcare service coverage, which is the balance between supply and demand, is vital for channel management decisions. Channels with high rate of consumption are given more priority than those in low consumption. High prices will automatically reduce healthcare service value to the consumers in comparison to competitive healthcare services. The healthcare services in this case, are the healthcare solution services. In the case of healthcare suppliers, high prices make decision makers allocate more healthcare services for maximum profit. Channel management and pricing also vary with additional value each adds to price. However, this depends on the channel used.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Pricing Strategy Pricing of the health services that Healthcare Solutions consulting firm intends to provide in the North American market and Europe are very significant in determining the overall sales volume. This implies that the firm will need to offer better quality and affordable healthcare services, which attract more customers. As a result of this pricing strategy, the firm will be in a good position to attract and retain many clients. This will also involve good public relation since it is a vital tool for sales and marketing (Newsom, Turk, Kruckeberg, 2004). Evaluate the Implications A good channel strategy is necessary in every firm. The channels are vital for creation of different efficiencies and marketing strategies. However, development of new channels comes with new challenges, which decisions makers are oblidged to manage. Channel conflict management calls for understanding of marketing channel equitions, vital intaracting variables and the interconnection of diffe rent webs in creation of profits and costs cuts. Different scholars have developed various models of channel management underlying simple concept of channel conflict equation. References Kotler, P., Keller, K. L. (2007). A Framework for Marketing Management. Upper Saddle River, NJ: Pearson Prentice Hall. Market Segmentation (2010). Retrieved from http://www.quickmba.com/marketing/market-segmentation/ Newsom, D., Turk, J. V., Kruckeberg, D. (2004). This is PR: The Realities of Public Relations. Belmont, CA: Thomson-Wadsworth. This essay on International Market in the North American was written and submitted by user Azaria A. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.