Assignment Week 4 - Essay Example

Comments (0) Cite this document
The benefit for the school/university will be extra revenue generated from selling parking passes and on the other hand the students will be…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.2% of users find it useful
Assignment Week 4
Read TextPreview

Extract of sample "Assignment Week 4"

PAGE> Assignment 4 Discussion Topic A-
The Parking lot should be divided into two categories with appropriate parking slots for students:
The question here is of maximizing revenue out of parking tariff and also ensuring that students get parking spots during peak hours. The benefit for the school/university will be extra revenue generated from selling parking passes and on the other hand the students will be provided with parking services by the school/university.
Peak Time Parking Zone:
A separate area in the parking lot should be meant exclusively for peak-time parking. Here students can park their vehicle against their parking pass at the designated slot. The passes will be priced at a higher rate compared to ordinary parking zone where students can drive in and out at any time of the day.
Ordinary Parking Zone:
The ordinary parking zone can be occupied by students who have opted for ordinary parking passes. A parking spot in this zone is not guaranteed but is rather filled up on a first-come first-served basis.
Parking Rules:
The restriction imposed on ordinary parking zone would be that no special pass holder will be allowed to park their vehicles here. On the other hand if the peak hour parking slot is unoccupied after the designated time, it can be occupied by the ordinary pass holder if all ordinary parking zone is full to capacity.
e.g.: If the peak hours are between 10:00 am - 12:00 noon and all parking spots are full except for a few peak hour parking spot, the same can be occupied by an ordinary pass holder after 1 hour from the end of peak time (i.e., 1:00 pm or later). In effect peak hour parking zone transforms into ordinary parking zone if spots are empty after end of peak hours to accommodate more vehicles.
Peak time parking zone will be meant for students who have opted for special parking passes.
In this way students who regularly use the parking facility can be given a peak-time parking spot at higher rates to ensure maximum revenue, and additional revenue generated from ordinary parking zone where parking depends on first-come first-served.
Parking slots for students, who require parking spots during peak hours, should be assigned only in the special parking zone. The ordinary parking zone can have students driving in and out of the parking lot and spots will not be reserved, thus ensuring that parking spots are not wasted.
The share of parking spots to be earmarked for peak time parking will depend on the average number of peak time motorists that require a parking spot for the peak hours.
Pros and Cons:
The benefit for the university in such a case would be extra revenue in terms of peak hour passes and ordinary passes.
The only disadvantage in this case would be some parking spots might go unused during the day if peak hour passes are not used.
For the student the advantage would be a guaranteed parking spot for a peak hour pass (priced higher than the ordinary passes).
The disadvantage of such an approach would be for ordinary parking pass holder, who would not get a guaranteed parking spot during peak hours.
Class discussion 1:
Topic B-
The most influential factors determining the choice of a pricing strategy for an employee are:
1. The industry of which the employee is a part of/ target market
2. How well the industry is doing at present
3. The condition of the global market / the larger chain of consumers, clients, partners, competitors i.e. the linked organisations and entities that form the channel for revenue flow in and out of the industry and within the industry.
Once these factors are fixed, we can take into consideration other finer factors.
If the target market is performing well and there is surplus demand than availability of resources then the pricing strategy should be adopted accordingly. Secondary factors that play a deciding role in the choice of a pricing strategy are: competitiveness, experience, relevance of expertise with the industry and expertise in additional skills and possession of added qualities.
e.g.: Let’s consider a scenario where the industry is currently witnessing a huge demand for Site-Engineers in the field of civil construction with a degree in civil engineering and a minimum experience of 2 years. If a job applicant meets the pre-requisites and has expertise in real estate law/ project management then he is better positioned to demand a higher price compared to industry standards.
In the above scenario the target market is the civil construction industry. The choice of pricing strategy: Skimming was governed by the industry performing well, the recruiters hunting for Site-Engineers and a demand-supply gap in resource availability.
The pricing strategy is also dependent on the organisation one is aiming to be a part of. If it is a global organisation, with rapid growth, high revenues and a capacity to offer attractive packages then one can demand more. If one is of good repute and has had many accolades and achievements from different employers and within the industry in general, then adopting a Skimming strategy would be wise.
Quite often we come across situations where an industry is not doing quite well or recovering from a recent crisis. This has a direct impact on the job market and recruitment patterns of the industry. In such cases adopting a well thought and calculative pricing strategy can stand to benefit the employee in securing a job with an employer of choice. Here, the most suitable strategy would be Penetration.
Let’s take the example of an employee in the IT industry trying to secure a job during the global financial crisis. In this situation all factors in favour of the employee would take a back seat compared to the crisis through which the global industry is going. Adopting an over-ambitious pricing strategy could be ineffective. In such a case one must opt for Penetration pricing strategy. A low-key package will not only work to the advantage of the employee but will also make it easier for the employing organisation to absorb the resource.
Todays market is that of competition and alternatives in terms of brands, products and services. A consumer, a recruiter, an employee, a freelancer has multiple options to choose from that best fits their needs and bringing attractive returns.
As an employee who is out to market himself to the industry, a competitive pricing strategy is suited when there is neither a job crisis nor an unusual demand for resources.
Perhaps the toughest of all in terms of deciding a suitable price is the ‘Competitive’ pricing strategy.
This pricing strategy is applicable when the situation is such that:
1. There is surplus availability of resource to meet the demand in the industry
2. Industry is doing well and recruiting firms have the financial capability of hiring experienced and specialised resources.
Class Discussion 2:
Topic A
Dear Customer,
Warm greetings from Wal-Mart!
We are privileged to have your honest and direct opinion on our services through our latest Christmas wish list website. Being an essential part of our business your feedback is indispensible to ensure we live up to our tradition and reputation of giving our customers the best choices and at competitive prices.
We understand there was a great anticipation associated with the launch of our Christmas wish list website and there were areas where we could have done better. We are thankful to you for your suggestions and feedback. Your inputs will be put across with the concerned team and every effort will be made to reflect them in terms of better offers, alternatives and prices.
Wal-Mart has had the undisputed opinion of giving its consumers the best deals since decades. Being a global consumer-centric organisation it will make every effort to continue its tradition of bringing consumer satisfaction and delight. We look forward to continuing our relationship in the future and envision making it more fruitful for you.
Assuring you the best of services in the future.
For consumer queries and complaints you can also call our toll free number or post your comment in our online customer care cell website.
Marketing Director,
Bentonville, Arkansas
United States
Save money. Live better.
E-mail communication targeted to kids who have loved the new Christmas wish list website.
Dear Customer,
Thank you for choosing Walmart as the preferred solution for your shopping needs. We are delighted to hear that you have found our new Christmas wish list website useful.
Over the years our objective has been to bring you the best deals, provide superior quality products and services at unbeatable prices. We have tried our best to ensure this while launching our new web site and hope to continue.
We wish to include more features, products and services in our new website, and look forward to receiving your suggestions on the same. Our new website had been designed keeping your Christmas wishes in mind and we wish to include many more features based on your feedback.
Marketing Director,
Bentonville, Arkansas
United States
Save money. Live better.
1. Ken Evoy (4th May, 2011). Small-Business-Accounting-Guide. Retrieved from
2. Walmart Website (4th May, 2011). Walmart. Retrieved from Read More
Cite this document
  • APA
  • MLA
(“Assignment Week 4 Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Assignment Week 4 Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Assignment Week 4 Essay Example | Topics and Well Written Essays - 500 Words)
Assignment Week 4 Essay Example | Topics and Well Written Essays - 500 Words.
“Assignment Week 4 Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Week 4

...ETHICAL ISSUES IN MANAGEMENT ……………… ……………………. ……… Introduction Discussions regarding business ethics and corporate social responsibility seem to have gained significant momentum in recent years since some managers and corporations responsible for it have brought it to the frontier news. Now, for any type of business, no matter how small or large they are, ethics and social responsibility are extremely important as well as highly critical factors that can easily challenge the smooth running of the business. From the perspectives of business ethics, organizations and managers who are referred to as ‘enlightened capitalists’ (Trevino and Nelson, 2007, p. 7), are increasingly becoming aware of code of ethics, ethical practices... ISSUES IN...
5 Pages(1250 words)Assignment

Week 4

...1) Probability can be used to determine whether or not it is feasible to use primary data in different manners. Company can collect the primary data through sampling which must be based upon probability i.e. each sample from the population must have equal chance of being selected. Further, to decide whether to use probability for using primary data will depend upon the historical success rates in collecting such type of data. Since primary data is a kind of data which is never collected before therefore company has to see as to what were the success rates in the past for collecting the primary data. 2) If the probability is stronger i.e. near 1, a company can use probability rather than conducting research study. This means... Probability...
1 Pages(250 words)Assignment

Week 4

...of lack of compatibility with the components or features of the existing system, or the system in progress. In fact, ambiguous business requirements, overload systems, and this affects their development negatively (Monk & Wagner, 2006). Question 4 This requirement is ambiguous and unnecessary. Employee’s birthdays, are personal issues and should not be incorporated into business issues. Such a system will cause conflict of interest or a mixture of business and personal issues, which might affect the operations of the business. Again, incorporation of such a component will just overload the system, in cases where there are many employees. Question 5 Innovations will help in upgrading the existing forms of Green IT to...
1 Pages(250 words)Assignment

MGMT670 Week 4 Conf

...SWOT analysis is a very useful analytic tool. I personally have never used the tool at my workplace, but I am sure that it is being used by the company at the executive level. The SWOT application can be used to evaluate both the internal and external environments of an enterprise. The SWOT acronym stands for strengths, weaknesses, opportunities, and threats. The managers of my company can use SWOT analysis to evaluate the viability of implementing a new project initiative. Last year the firm introduced to the market three new products. Prior to launching any of the products the firm could have used SWOT analysis to evaluate the viability and chance of success of each of the three products. A second situation in which SWOT... analysis is a...
2 Pages(500 words)Assignment

Week 4

... De Havilland’s Falling Comet It is significant to that any invention has risks associated with it. It is prudent enough to identify such risks and establish mitigation measures on timely basis. It is an indisputable fact to note that unattended risks always have several adverse effects to such inventions as well as the health of the people. Such risks can lead to severe losses of lives, finances and properties. For instance, in the case of the Comet, several lives were lost in the accidents (Case Study 7.1. Classic Case: de Havilland’s Falling Comet). Finances, properties and time were also lost in such accidents whose risk factors were not determined early enough and mitigation measures set on timely basis. The risk management... De...
1 Pages(250 words)Assignment

Week 4

...Threaded Discussions Threaded Discussion Question Rise of Flight is a computer game that is played on Pc’s for combat flight simulations. The combat flight simulator is designed in such a way that it enhances new standards in beauty, realism and fidelity. The simulator is designed such that the main player is put right in front of the pilot’s seat in the greatest world war one aircraft. In the simulator, modern computer graphics together with the historical sceneries have been used to simulate the battlefield. The user according to his performance rises through ranks to a full colonel from a green lieutenant. The simulator is best controlled by a good quality joystick (777 Studios, 2013). While one is using the combat flight... Discussions...
2 Pages(500 words)Assignment

Week 4 discussion

... The World as An Apple The exercise uses an apple, to show our dependence on the earth surface supporting life. The earth is divided into sections that all have different and important benefits to the living things. There is land that can be inhabited and others part is hostile and inhospitable for beings to live, and also on the habitable land, not whole of it enables growing of food need to support live.Also, there is variation on earth concerning climates, ruggedness, steepness that cannot allow production of food. Human beings depend widely on the earth crust used for producing food. The top soil has been eroded, and over farmed but trees planted can prevent erosion, and recycle soil nutrients(Univ, 265). 2. Ecological... The World as An...
1 Pages(250 words)Assignment

Week 4 Forum

... 2. Some of the political effects that resulted include; many immigrants registered to vote almost immediately on arrival to the north, this is because they had a painful experience in the south. For many years they had received very little benefits from their tax dollar, they therefore sought political representation. As a result a number of their politicians rose to prominence in very defining moments. For instance Harold Washington became the first African American mayor in 1983.Some of the social effects included; As the African Americans started their lives in the urban northern industries, they were faced with many challenges. They lived in poor neighborhoods famously known as ghettos, suffered indignities of racism... 2. Some of the...
1 Pages(250 words)Assignment

Week 4

...Healthcare policy Insert Insert In this paper, there is broad discussion and analysis of the second stage of the policy process. It broadly covers the evaluation stage where further explanation is provided. Further explanation of the application of the evaluation process to gauge the objectives of the policy is provided. Analysis stage alongside the factors in store that could either contribute or hamper objective achievement is provided. Finally, the revision stage which digests the whole process of policy making for refining is discussed. Revision requirements in regard to analysis objective are also factored. Introduction Policy is a set of principles or ideas which act as a guide in the process of decision making. Proper... policy...
4 Pages(1000 words)Assignment


...Freight ification Freight ification is grouping of the product being transported. ification is determined byseveral elements such as value and density, liability, stow-ability and handling. The primary role of classification is to separate different items while combining items with the same characteristics. The purpose of classification is to help in determining freight charges per class, and it provides a comparison of commodities moving to different states and countries. Classification makes it easy to determine the packaging requirement and space, and it also helps shippers to locate the product quickly. Rates and Rating There is a distinction between rates and rating. Rate is the price per hundred weights to move an individual...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Assignment Week 4 for FREE!

Contact Us