The Pros and Cons of Developing Genetically Engineered...

The Advantages and Disadvantages of Developing Genetically Engineered Organisms Genetic engineering is the method of changing organisms characteristics inherited by alerting it genetic material. This often done to cause micro organisms, such as bacteria and viruses, to synthesize increased yields of compounds, to form entirely new compounds, or to adapt to different environments. Other uses of this such of a technology, is known as the recombinant DNA technology, it includes gene therapy, which is the supply of a functional gene to a person with a genetic disorder or with other diseases such as acquired immune deficiency syndrome (AIDS) or cancer. Genetic engineering involves the manipulation of†¦show more content†¦Another way, recently discovered, of producing many identical copies of a particular DNA fragment is the polymerase chain reaction. This method is rapid and avoids the need for cloning DNA into a vector. You can find genetically engineered organism fairly common in genetically modified foods, such as Bt corn. Bt corn is a genetically modified corn plant. It is pest resistant to common borer species such as the European common borer. Damage from these pests lower crop yields by 5 - 10% annually. It was genetically modified by the insertion of the bacteria Bacillus thuringiensis into the DNA of the corns embryo. This can also been seen done to tobacco, tomato and cotton plants. The Bt corn offers a pest resistance in the exact same way that the original bacteria did. The Bt gene creates a protein which is an insoluble crystal in the plant. This crystal is toxic and it kills the borer when it eats the plant. This has advantages such as there is a large amount of pesticide being used to control the borers in the corn crops. Such pesticides need to be sprayed at certain and times with the appropriate weather conditions, so that there is minimal drift and wash off by rain. By the use of the Bt gene there will be a dramatic decrease in the amount of pesticide being used. Also the different strains of the BtShow MoreRelatedBenefits Of Genetically Modified Organisms982 Words   |  4 PagesJerome Lane October 5, 2014 MMS 333 Public Relations and Marketing Prof. Carney GMO Pro-Con Assignment Introduction Created by splicing genes, Genetically Modified Organisms (GMO) are organisms formed from biotechnology techniques (Millis, 2006). Many people have recently become concerned by the rising popularity of the GMO products. The central debate which has attracted controversy is whether the GMOs are beneficial or rather harmful to humankind. The embracement of GMOs as part of us has attractedRead MoreShould Gmos Be Considered Part Of A Sustainable Food System?1161 Words   |  5 PagesWhat are Genetically-Modified Foods? Genetically-Modified Foods, commonly known as GMOs, are crop plants that have been created for human and animal consumption by genetic engineering techniques of biotechnology. These crop plants have been modified in a lab to create a desired trait that has been undertaken through breeding methods. Lately, there has been major controversy and disputes on if GMOs are a solution or a problem in today’s society. Now, a question for debate is, should GMOs be considere dRead MoreGenetically Modified Organisms Are Better Than Organic Products1229 Words   |  5 PagesTitle: Stop fearing Genetically Modified Organisms Specific Purpose: To persuade my audience to consume and support Genetically modified products. Central Idea: Genetically modified organisms are better than organic products. Introduction I. Attention: What you had for lunch today? The DNA of that food? That was completely altered with. II. Audience connection/credibility: You have all heard the rumors about genetically modified food you are eating. Some of you may have beenRead MoreGenetically Modified Crops Essay1151 Words   |  5 PagesGenetically Modified Crops 1. Introduction It is ironic that some individuals, strongly supporting fresh, organic natural vegetables to be delivered to their dinner tables, enjoy purchasing genetically modified crops that make their lives easier. The United States of America is one of the most prominent countries where genetically modified crops are widely adopted, in contrast to Europe where genetically modified food has never gained approval from the public, and Japan where no genetically modifiedRead MoreThe Pros And Cons Of Gmos849 Words   |  4 Pages Are Genetically Modified Organisms Safer to the Consumer For thousands of years, humans have been genetically enhancing other organisms through the process of selective breeding. Polls indicate alarm over the contamination of everyday foods. Americans are especially concerned about Genetically Modified Organisms. So, are they good or not? According to NewsELA, PRO/CON: Is it time to label GMO foods? GMO foods? Andrew Pollackmays Genetically Engineered Crops are Safe, AnalysisRead MoreMarketing Plan For Gmo Labeling Essay1629 Words   |  7 PagesStates, such as Vermont and Connecticut, have set precedent for GMO labeling. Corporations such as Kelloggs and Campbell’s have teamed up with ConAgra Foods, one of the main Fortune 500 companies, in labeling their food products that are genetically-modified. (Vermont Biz. â€Å"US Senate Rejects Bill Opposed to GMO Labeling.† March 18, 2016) By 2018, Campbell’s Soup-a company that uses GMOs in their products- will be the first United States company to list all GM O ingredients found in their productsRead MoreBenefits Of Genetically Modified Organisms1199 Words   |  5 PagesIntroduction Genetically modified organisms come to be through genetic engineering where their genetic material is artificially altered in a laboratory to suit certain specifications. Genetic engineering is a new technology which gives rise to unstable animals, bacteria, and plants which are not naturally occurring and do not come into being through the normal crossbreeding methods as other traditional crops. Virtually every genetically modified crop produced commercially are made in such a wayRead MoreThe Debate Over Genetic Engineering1772 Words   |  8 Pagescloning to patenting several types of DNA. Some scientist in this field even oppose this subject. While there are many cons in this subject such as people taking advantage over the technology, there are also a lot of pros that come out of it and has helped society such as creating cures for diseases that are not yet curable today. This paper will not only present the pros and cons of genetic engineering, but also part of the history a nd the basic principles and concepts behind it. In genetic engineeringRead MoreGenetic Engineering Essay1556 Words   |  7 Pagesprovides a set of techniques to cut DNA either randomly or at a number of specific sites. Once isolated one can study the different segments of DNA, multiply them up and splice them (stick them) next to any other DNA of another cell or organism. GE makes it possible to break through the species barrier and to shuffle information between completely unrelated species; for example, to splice the anti-freeze gene from flounder into tomatoes or strawberries, an insect-killingRead MoreGenetically Modified Food ( Gm Food ) Essay1464 Words   |  6 PagesHunger and malnutrition of the rapidly growing human population is one of the major problem faced by the present world. Genetically modified food (GM Food) is the solution offered by our scientific community to cope with this problem.The food produced on a massive scale, by direct or indirect involvement of genetically manipulated organisms is called genetically modified food. Advancement of Biotechnology resulted in a novel method of artificial genetic manipulation called Genetic engineering. It

The North American Free Trade Agreement Essay - 2011 Words

The North American Free Trade Agreement nbsp;nbsp;nbsp;nbsp;nbsp;Since the birth of this great nation in 1776, the United States has remained a dominant world power in many aspects. The American standard of living has been the envy of the world, powered by an economy rivaled by nearly no one. Our economy continues to be the rock with which the global economy can lean on, as evidenced by nations that rely on huge reserves of the dollar because of its stability as a means of settling international debts. Unfortuneatly, despite the solidity that our economy is so often associated with, we have accumulated a 5 trillion dollar (thats 9 zeros) national debt. Something has to be done about this colossal problem to ensure that the United†¦show more content†¦This seems to make sense considering that 86% of the companies listed on Fortune magazines top 500 list has operations in Mexico. With the support of current president, Bill Clinton, the NAFTA passed through Congress late in 1993. nbsp;nbsp;nbsp;nbsp;nbsp;The 2,000 page NAFTA plan details many things, one of the most important clauses being the reduction of tariffs. Over the next 15 years all internal tariffs will be reduced to zero for trade amongst the United States, Canada, and Mexico. Tariffs on quot;sensitivequot; goods such as agricultural products that require a longer adjustment period will remain in place for the full 15 years, while being subjected to incremental decreases each year. All in all there are 4 tariff classes, quite cleverly lettered A, B, C, and C+, to be reduced to zero eventually. Tariffs for the quot;Aquot; class were void as of January 1, 1994. The quot;Bquot; category will diminish at a rate of 20% for five years, the quot;Cquot; class at a rate of 10% a year for 10 years, and finally the quot;C+quot; category which will stretch tariff reductions out over the full 15 years. Other than tariffs, NAFTA also eliminates things such as the costly need to convert drivers as merchandise rolls over the borders of a neighboring country. nbsp;nbsp;nbsp;nbsp;nbsp;What all of this could do for the United States is quite clear. The most important objective is to improve the efficiency and productivity ofShow MoreRelatedNorth American Free Trade Agreement Essay1398 Words   |  6 Pages North American Free Trade Agreement During the most recent race for the White House we heard very little of substance from both parties, but one thing both parties seem to agree on is that free trade has been bad for the U.S. worker. One candidate proclaimed that the North American Free Trade Agreement (NAFTA) has cost the United States hundreds of thousands of jobs and another distanced herself from free trade agreements all together. It has been over twenty years since the implementation ofRead MoreThe North American Free Trade Agreement1711 Words   |  7 PagesThis paper will discuss four components of the North American Free Trade Agreement: Background, events, pros and cons. Upon the research, you will discover four online articles to provide more detail and examples. This research will indicate how it was developed and the reasoning on why it would benefit the nation. Also, it will provide events that occur after the agreement was signed by congress and the recession the countries experience during the e arly 2000s. There will be a chart locatedRead MoreThe North American Free Trade Agreement Essay1420 Words   |  6 Pagessubstance from both parties, but one thing both parties seem to agree on is that free trade has been bad for the U.S. worker. One candidate proclaimed that the North American Free Trade Agreement (NAFTA) has cost the United States hundreds of thousands of jobs and another distanced herself from free trade agreements all together. It has been over twenty years since the implementation of the North American Free Trade Agreement and many have criticized it as a bad deal for the U.S. It can be shown thatRead MoreThe North American Free Trade Agreement1036 Words   |  5 PagesThe North American Free Trade Agreement also referred to as NAFTA produced results on January 1, 1994. A trade agreement was made between each of the three of nations of North America. The United States, Canada, and Mexico. The Canadian Prime Minister, Brian Mulroney, the Mexican Presiden t, Carlos Salinas de Gortari, and previous U.S. President George H. Shrub initiated the agreement. Connections between the nations were at that point on great terms, particularly between The United States and CanadaRead MoreThe North American Free Trade Agreement Essay1863 Words   |  8 PagesThe North American Free Trade Agreement, or NAFTA, is an accordance between the United States, Mexico, and Canada that was put into effect in January 1994. This agreement was unprecedented because it integrated three countries that were at extremely different levels of economic development. It changed the economic relationship between North American countries and encouraged trade and investment among the three countries to grow considerably. The purpose of the creation of the North American FreeRead MoreThe North American Free Trade Agreement Essay1356 Words   |  6 PagesThe North American Free Trade Agreement (NAFTA) is an agreement negotiated by three countries; Canada, Mexico, and the United States. The main purpose of NAFTA is essentially to reduce trade barriers in order to promote international commerce, and open up different industries to trade, in particular textiles, agriculture, and automobile sectors. The introduction of NAFTA completely transformed North American economic relations and led to unparalleled cooperation between the U.S. Canada and MexicoRead MoreThe North American Free Trade Agreement1486 Words   |  6 PagesThe North American Free Trade Agreement (NAFTA), an agreement signed by three countries in creating rules in trade in North America. NAFTA, when being presented, was described as genuine for helping Mexico and Canada. But was NAFTA really helpings those counties or really just helping N orth America? Initially North America was being genuine about NAFTA when talking to Mexico and Canada but in reality the NAFTA caused some uneven development as the years went by. I have two stories thatRead MoreThe North American Free Trade Agreement1804 Words   |  8 Pagesunderstanding the elements of trade blocs that enable open markets between member nations while also decreasing the cost of conducting business within a country is essential in making strategic logistical decisions. The North American Free Trade Agreement (NAFTA) has provided one such trade bloc that encompasses the countries of the United States, Mexico, and Canada. Since the inception of NAFTA in 1994, significant financial results have been achieved regarding increases in trade revenue and increases inRead MoreThe North American Free Trade Agreement1018 Words   |  5 PagesThe North American Free Trade Agreement, known as NAFTA, is a trilateral trade agreement between Canada, the United States, and Mexico. Signed January 1, 1994, NAFTA’s main purpose was to reduce trading costs, increase business investments, and help the United States be more competitive in the g lobal marketplace. The agreement would eliminate all tariffs on half of all U.S. goods shipping to Mexico and introduce new regulations to encourage cross-border investments. According to President Bush, tradeRead MoreThe North American Free Trade Agreement920 Words   |  4 PagesThe North American Free Trade Agreement (NATFA) shoved the American worker down a flight of stairs in the name of Globalization NAFTA or a bill similar had been floating around Washington since 1979 a year before Reagan took office. NAFTA truly went no where for over a decade. The â€Å"North American Accord† was first proposed by the Reagan and the GOP were always in favor of passage but, it was the Progressive wing, along with many other pro-union members in the Democratic party who held NAFTA at

Departmental Store Free Essays

A department store is a retail establishment with a building open to the public which offers a wide range of consumer goods such as clothing, housewares, furniture and appliances. It typically offers a choice of multiple merchandise lines, at variable price points, in different product categories (known as â€Å"departments† hence the name). Department stores usually sell products including clothing, furniture, home appliances, toys, cosmetics, gardening, toiletries, sporting goods, do it yourself, paint and hardware and additionally select other lines of products such as food, books, jewelry, electronics, stationery, photographic equipment and baby and pet needs. We will write a custom essay sample on Departmental Store or any similar topic only for you Order Now Certain department stores are further classified as discount stores. Big-box stores and hypermarkets have become a modern equivalent to historical department stores. Department stores have a supermarket-type central customer checkout area near the front of the store, or alternatively, sales counters within each department. Department stores are usually part of a retail chain of many stores situated around a country or several countries. Some may be independent retailers, existing entirely independent or as licensed dealers. History Origins The origins of the department store lay in the growth of the conspicuous consumer society at the turn of the 19th century. As economic growth, fuelled by the Industrial Revolution, steadily expanded through the nineteenth century, the affluent bourgeois middle-class grew in size and wealth. This urbanized social group, sharing a culture of consumption and changing fashion, was the catalyst for the emergence of the retail revolution of the period. As rising prosperity and social mobility increased the number of people with disposable income in the late Georgian period, window shopping was transformed into a leisure activity and entrepreneurs, like the potter Josiah Wedgwood, pioneered the use of marketing techniques to influence the prevailing tastes and preferences of society.   One of the first department stores may have been Bennett’s in Derby, first established as an ironmongers in 1734. It still stands to this day, trading in the same building. However, the first reliably dated department store to be established, was Harding, Howell Co, which opened in 1796 on Pall Mall, London.   An observer writing in Ackermann’s Repository, a British periodical on contemporary taste and fashion, described the enterprise in 1809 as follows: The house is one hundred and fifty feet in length from front to back, and of proportionate width. It is fitted up with great taste, and is divided by glazed partitions into four departments, for the various branches of the extensive business, which is there carried on. Immediately at the entrance is the first department, which is exclusively appropriated to the sale of furs and fans. The second contains articles of haberdashery of every description, silks, muslins, lace, gloves, etc. In the third shop, on the right, you meet with a rich assortment of jewelry, ornamental articles in ormolu, french clocks, etc.; and on the left, with all the different kinds of perfumery necessary for the toilette. The fourth is set apart for millinery and dresses; so that there is no article of female attire or decoration, but what may be here procured in the first style of elegance and fashion. This concern has been conducted for the last twelve years by the present proprietors who have spared neither trouble nor expense to ensure the establishment of a superiority over every other in Europe, and to render it perfectly unique in it’s kind. This venture is described as having all of the basic characteristics of the department store; it was a public retail establishment offering a wide range of consumer goods in different departments. This pioneering shop was closed down in 1820 when the business partnership was dissolved. Department stores were established on a large scale from the 1840s and 50s, in France, the United Kingdom and the United States. How to cite Departmental Store, Papers

Entrepreneurship as a Process-.com

Question: Anayze the various aspects of Entrepreneurship. Answer: Introduction In the era of twenty first centuries, Entrepreneurship has become one of the major factors. Entrepreneurship refers to the process to design, launch and run a new business (Kuratko 2016). Entrepreneurs offer the society with different kinds of innovative products and services in order to fulfill the different needs of people of society. Thus, it can be said that entrepreneurs play a crucial role in developing a modern society where customers different needs are fulfilled with innovative products and services. At the time of setting a new business, the entrepreneurs have to follow certain steps and they have to take high risks as no one can guarantee about the success of their business. Thus, starting with an innovative business idea is the major steps towards success. Some other factors the entrepreneurs need to consider are market validation, risk, cost, opportunity and environmental factors (Moroz and Hindle 2012). Development of Business Idea At the time of developing the new business ideas, the entrepreneurs have to go through certain crucial stages and all these stages are interconnected. The first step is to make a market research. The Taxi or Cab industry in Australia is a major industry and it is related with the territory sector of the Australian economy that has association with the taxis and cabs in different Australian cities and states. There are many companies in Australia that provides taxi services to the customers. As it is a territory based industry, these companies provide taxi within a particular territory like within city. The passengers have to face difficulties when they want to travel to outside the city like from one city to another city or one state to another state. Most of the existing taxi companies either do not provide this service use to charge a big fare for this. Thus, the passengers have to use other transportation services. However, the new business idea is the solution of this problem for the commuters. The proposed business idea is to provide taxi services for the passengers that will travel between cities or states with a reasonable fare. The company will have its own website where contact numbers will be given. The passengers can book their rides by calling in the provided numbers. In addition, online application of the company will be available through which the passengers can book their rides with the help of internet. The booking system will have transparency as the price will be informed to the passengers. After the development of this business idea, a market survey has been organized with the citizens of some of the major cities of Australia like Melbourne, Sydney and Adelaide. As per the market survey, it has been seen that the people of these cities will warmly welcome the introduction of this service as there is not much taxi services like this (Srensen 2012). In the initial stage, this taxi service will be introduced among the above mentioned three cities. Apart from this, no new taxis will be purchase at the time of launching. Taxis will be hired from the owners on a contract basis as this process will reduce the risk factors. Based on the initial business and feed from the customers, the business will be expanded. Market Description The taxi fare industry of Australia is one of the major industries and it significantly contributes towards the Australian economy. From the below figure, it can be seen that this industry has a large customer base that creates significant business opportunities for all the companies operating in this industry. In this situation, the new proposed business will be gainful from this industry. Apart from this, there are not many companies that provide city to city or state to state taxi services. Thus, there is a fare opportunity for the new business to gain necessary competitive advantage. However, it is needed for the adoption of effective price of the service so that people from all financial class can afford the service of this new company. Table 1: Taxi Market Description of Australia (Source: atia.com.au 2017) Risk Assessment There are three major risks that the new business needs to consider at the time of starting the business operations; they are Market Risk, Financial Risk and Management Risk. Market risk refers to the moving away of current market trend from the new service. In case of this new business, the business plan has developed by matching the current market trend of Australian taxi fare industry. However, it is required for the new business to continuously update the business model with the current market trend (Haimes 2015). The next and probably most important risk is the Financial Risk. Financial risk refers to the lack of capital in various business stages. Thus, it is required for the entrepreneur to project the financial budget for the new business. Fewer gaps between projected and actual budget determines the financial success of the new businesses. In addition, the entrepreneur needs to make sure that there are enough startup funds for the business (Aloini, Dulmin and Mininno 2012). The last risk is Management Risk that can be occurred due to lack of management expertise of the entrepreneurs. The entrepreneur needs to be able to manage the day-to-day business operations of the new company and this process will reduce the management related risk of the new business. These are three major risks that the entrepreneur needs to manage in an effective way (Bahr 2014). Cost Structure The relevant costs of the new business are shown below: Particulars Amount AUD$ Start-up Expenses Legal Expenses 5000 Stationary Expenses 2000 Market Survey Expenses 7000 Rent for Cars and Office 20000 Equipment Expenses 10000 Total Start-up Expenses 44000 Start-up Assets Cash Balance on Starting Date 100000 Other Short-term assets 20000 Total Short-term assets 120000 Long-term assets 10000 Total Assets 130000 Total Requirements 174000 Table 2: Cost Structure of the New Business (Source: As Created by Author) From the above table, it can be seen that there are two types of cost requirements; they are cost for various start-up expenses and cost for assets. The entrepreneur needs to take all these costs into consideration for the business. Opportunities The untapped Australian city to city taxi market will provide fare business opportunities to this new business. From Figure 1, it can be seen that various states of Australia have large passenger base and this will help to boost up the business of the new company (Robertson 2013). In addition, the use of various technologies like internet navigation, online booking and other will create massive business opportunities for the company. All these aspects will provide necessary competitive advantage to the new taxi ride business (Witt, Suzor and Wikstrm 2015). Environmental Factors As this is a territory based business, the Australian government rules and regulations will play an important role on this business. As per the government regulations, the company has to pay a large amount of license fees for the taxis and it has massive effect on the business (Wang, Chen and Chen 2012). The company needs to comply with all the required rules and regulations of the government. Technological environment has its effects on this business as the use of new technology will increase the efficiency of the business (El-Gohary 2012). The company needs to comply with all the environmental rules and regulations as carbon emission from the taxis is a major environmental issue. These are the major environmental factors that the new business needs to take into consideration (Zeng et al. 2012). Recommendations Based on the above analysis, some recommendations are provided below: The entrepreneur needs to make it sure that the business model of the new business must match with the current market trend of Australian taxi fare industry. Coordination with the market trends will provide the company with necessary business advantages. It is recommended that the entrepreneur should asses the business risks of the new business to ensure the business success. He/she needs to assess all three types if risks that are market risk, financial risk and management risk. Assessment of risk will provide proper insight of the industry to the entrepreneur. It is recommended that the entrepreneur needs to make sure that there is sufficient start-up capital to meet all the required expenses of the business. In the absence of adequate start-up capital, the new business can suffer from massive financial turmoil. It is recommended that the entrepreneur needs to consider the effects of various external environmental factors on the business operations. Some of the major factors are political factors, economic factors, technological factors and environmental factors. Conclusion From the above discussion, it can be observed that at the time of setting up of a new business, the entrepreneurs need to take certain steps. First, they need to do a thorough market survey to determine the industry tread. Assessment of various business risks is the next step. After that, the entrepreneur need to develop the cost structure of the new business as it is a crucial part. Measuring the effects of various external environmental factors is another step. After getting positive signal from all these aspects, the entrepreneurs can start the business operations. References Aloini, D., Dulmin, R. and Mininno, V., 2012. Risk assessment in ERP projects.Information Systems,37(3), pp.183-199. ATIA. (2017).Taxi Statistics | ATIA. [online] Available at: https://www.atia.com.au/taxi-statistics/ [Accessed 12 Aug. 2017]. Bahr, N.J., 2014.System safety engineering and risk assessment: a practical approach. CRC Press. El-Gohary, H., 2012. Factors affecting E-Marketing adoption and implementation in tourism firms: An empirical investigation of Egyptian small tourism organisations.Tourism management,33(5), pp.1256-1269. Haimes, Y.Y., 2015.Risk modeling, assessment, and management. John Wiley Sons. Kuratko, D.F., 2016.Entrepreneurship: Theory, process, and practice. Cengage Learning. Moroz, P.W. and Hindle, K., 2012. Entrepreneurship as a process: Toward harmonizing multiple perspectives.Entrepreneurship Theory and Practice,36(4), pp.781-818. Robertson, S., 2013. Campus, City, Networks and Nation: Student?Migrant Activism as Socio?spatial Experience in Melbourne, Australia.International Journal of Urban and Regional Research,37(3), pp.972-988. Srensen, H.E., 2012. Business development. InPalgrave Encyclopedia of Strategic Management. Macmillan Publishers Ltd. Wang, C.H., Chen, K.Y. and Chen, S.C., 2012. Total quality management, market orientation and hotel performance: The moderating effects of external environmental factors.International Journal of Hospitality Management,31(1), pp.119-129.1185. Witt, A., Suzor, N. and Wikstrm, P., 2015. Regulating ride-sharing in the peer economy.Communication Research and Practice,1(2), pp.174-190. Zeng, S.X., Xu, X.D., Yin, H.T. and Tam, C.M., 2012. Factors that drive Chinese listed companies in voluntary disclosure of environmental information.Journal of Business Ethics,109(3), pp.309-321.