Market Equilibrating Process Paper Essay Example | Topics and Well Written Essays - 500 words

Market Equilibrating Process Paper - Essay Example However, I will argue that this may be the case at present but the product is at risk in the long term for several reasons. This can be reflected in the gradual shift in the supply and demand equilibrium. Successful branding and Apple innovation have ensured the current demand for iPhone. The product has been the first to usher in the era of "touch" smartphones and this has been displayed by the array of competitors emulating the product even until now. So for a time it has enjoyed leadership and dominance due to the scarcity of such product given the limited options and demand choices for consumers. Things are changing, however, because of the increasingly competitive market and the increasingly sophisticated requirements of the consumers. The development of the Googles Android operating system has launched the success of many smartphone manufacturers that collectively led to a viable and sophisticated alternative to the iPhones IOS. The Android phone and the iPhone became substitutes: as the price of the other increases, the demand for the other increase (p.50) Recently, a research by the firm IDC placed the market share of Android to about 68 percent whereas Apple claims only 16.9 percent (AP 2012). Of course, Android is fragmented into several phone manufacturers such as Samsung and HTC. But the trend signals an interesting shift in the market, which bring together buyers and sellers (p.46). This year Samsung toppled Apple as worlds leading phone manufacturer. As more and more people are exposed to many choices, they are able to expand the variables that inform the cost-bene fit analyses that drive their purchase decisions. In this instance, price and quantity are no longer the sole drivers of the market. The so-called other â€Å"determinants of demand† assume equal importance in the pattern of market demand (p.48). Moreover, increased competition aggravates the principle of "diminishing marginal utility", which argues that "for a

OBSERVATION 5 OBSERVING KINDERGARTEN CLASSROOM Essay

OBSERVATION 5 OBSERVING KINDERGARTEN CLASSROOM - Essay Example Inside the class, the children were gossiping with one another and making a lot of noise. Some were even banging their desks while others started to take out their notebooks and pencils from their bags. The teacher asked the children to be quiet so that she could take the roll call but the children would not listen. The teacher then shouted at the top of her voice saying, â€Å"Be quiet!† and also clapped the rostrum with her palm loudly to gain the children’s attention. Suddenly, there was pin-drop-silence. Some children looked terrified while others put their fingers on their lips. The teacher called the students â€Å"a mess† and similar rude words. Once everybody was quiet, the teacher then started taking the roll call. It was the kindergarten classroom and the average age of the children was 5 years. They were 25 children in total. The teacher made a very rational approach in transiting from the exercise activity to the classroom activity. She asked the children to arrange themselves in a line. This not only organized the children so that they could move toward the class in a disciplined way, but also saved the teacher’s time and energy that would have otherwise been consumed in guiding the scattered children toward the classroom. The children even looked very disciplined when arranged in the form of a line. While the teacher’s approach here was very praiseworthy, her way of getting the children’s attention in the classroom was just as much indecent and unsophisticated. She looked struggling very hard to gain their attention and she even had to bang the rostrum and shout at the top of her voice to make them quiet. She was loud enough to be heard shouting outside the classroom as well. Her shouting even terrified the children. This not only broke her emotional connection with the children but might also have set a bad impression on the other teachers who had heard her shout. Rather than shouting, the teacher could have easily