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Differentiating Between Market Structures - 1134 Words

Differeantiating Between Market Structures Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives. MARKET STRUCTURE The interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entry into and exit from the market (â€Å"Market Structure†, 2016). There are four basic types of market structure: Perfect competition, oligopoly, monopoly, and monopsony. McDonald’s is one of the leading companies in the fast food industry†¦show more content†¦The reduced cost of purchasing inputs increases their profit margins (Riley, 2011). Another additional advatage would be the improved value of money. McDonald’s would use their bargaining power to drive down the prices for beef, which would then open the price up for more consumers to buy from the company. COMPETITIVE STRATEGIES Dominating the industry is the key at McDonald’s. We do not want to simply have a sizeable sum in the industry, we want it all. There are several competitive strategies that could be used to maximize the profits over the long run. One effective straegy that is used is the speed of service at all location worldwide. In order to make this possible, the process has to simplified and mastered from the cooking of the product to the order taking from the employee. Simple to learn and easy to execute has been a moto used quite frequently in ther restaurants. This has led to an extremely low failure rate. Another competitive strategy would be the low price of our food. Being the cost leaders in the industry is what sets us apart from our competitors. In order to make this happen, the store must be efficent in its day to day operations while keeping food costs down. Our third strategy that will be talked about is the scale of McDonald’s. The best way of ad vertisement is word of mouth. How do you get people to talk about McDonald’s? How about putting over 30,000 units around theShow MoreRelatedDifferentiating Between Market Structures1766 Words   |  8 PagesDifferentiating between Market Structures Jessika Canales Dà ­az ECO /365 08/28/2010 Instructor: SR. Carlos Mà ©ndez David Differentiating between Market Structures In this simulation, the learner studies the cost and revenue curves in different market structures perfect competition, monopoly, monopolistic competition, or oligopoly faced by a freight transportation company, and makes decisions to maximize profits or to minimize losses. The simulation also deals with the concept of Prisoner’sRead MoreDifferentiating Between Market Structures And The Market Structure1239 Words   |  5 PagesDifferentiating Between Market Structures Arthur Levitt once wrote, â€Å"Our markets have not achieved their greatest successes as a result of government fiat, but rather through the efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.(Arthur, Levitt. (2015)) The competitive nature of an industry is what drives our markets throughout the world. An industry consists of all firms making similar or identical products. McDonald’sRead MoreDifferentiating Between Market Structures1598 Words   |  7 PagesDifferentiating Between Market Structures Jennifer Lavallee ECO/365 May 27, 2013 Market structure is the physical characteristics of the market within which companies react. This means that there are different kinds of market structure based on how companies work together within a particular industry. Location and product have the most to do with determining the market structure. There are four defined market types. The first market structure is called the perfectly competitive market. TheRead MoreDifferentiating Between Market Structures1692 Words   |  7 PagesDifferentiating Between Market Structures Using the virtual organization of Kudler Fine Foods, evaluations will be made to determine market structure and competitiveness. Kudler Fine Foods current strategic plan for 2003, marketing overview, and market surveys will provide information to evaluate how Kudler competes in its market and where its strengths and weaknesses are located. Based on the evaluation of Kudler Fine Foods an applicable market structure will be determined and the structures effectsRead MoreDifferentiating Between Market Structures1924 Words   |  8 PagesDifferentiating Between Market Structures Alana Campbell, Dale Fortune, Katrina Beyah, Leonard Cooper University of Phoenix ECO/212 Principles of Economics Donnetta McAdoo December 5, 2011 Differentiating Between Market Structures To understand the economy of today one must understand the different market structures that make up the economy. There are four market structures that define the economic structure within the world’s economy; perfect competition, monopoly, monopolistic competitionRead MoreDifferentiating Between Market Structures1910 Words   |  8 PagesDifferentiating Between Market Structures Don Peterson ECO/365 February 2, 2015 Elena Zee Differentiating Between Market Structures A market structure in economics describes the state of a market with respect to its competition. There exist several different market structures like perfect competition, oligopoly, and monopolies among others. These markets all produce different types of goods or services, like public and private goods as well as common and collective goods. Firms operatingRead MoreDifferentiating Between Market Structures Essay1077 Words   |  5 PagesDifferentiating between Market Structures The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. The author of this paper will cover: the advantages and limitation of supply and demand identified in the simulation, the effectiveness of the organization in which the author knows, and how the organizations in each market structureRead MoreDifferentiating Between Market Structures Essay1105 Words   |  5 PagesDifferentiating Between Market Structures ECO/365 Principles of Microeconomics August 30, 2012 Differentiating Between Market Structures Retail sales are indicators of microeconomic conditions presented in a given area at a particular place in time. Since Sam Walton opened his first Wal-Mart store, Wal-Mart has been making ripples throughout the micro economies of America. Wal-Mart’s market structure is typical of most of our nation’s largest corporations in that they are an oligopoly (BrownRead MoreDifferentiating Between Market Structures Essay1260 Words   |  6 PagesDifferentiating Between Market Structures Yvonne C Rivera ECO/365 May 16, 2013 Paul de la Pena Abstract There are many TV service providers available in the U.S; however there are only two companies that offer services via satellite. Dish operates within the monopolistic competition market. Dish has been in business since the early 1980’s and has gradually worked its way up to become one of the leading satellite provider and innovator of new technology. In 2013 they offer service to overRead MoreDifferentiating Between Market Structures in Kudler1022 Words   |  5 PagesDifferentiating Between Market Structures in Kudler ECO365 â€Å"Kudler Fine Foods was established in 1998 when Kathy Kudler fulfilled her vision of establishing her own gourmet food store. The La Jolla store continues to grow while the Del Mar store has been having some difficulties. The store in Encinitas has just opened, but sales seem brisk.† (Apollo, 2011, Strategic Plan, p. 3) The owner works 7 days a week and performs many jobs from purchasing to stocking shelves. Kudler Fine Foods sees

Rent Musical Essay Example For Students

Rent Musical Essay Theres a scene in the new musical RENT that may be thequintessential romantic moment of the 90s. Roger, a struggling rock musician,and Mimi, a junkie whos a dancer at an S/M club, are having a lovers quarrelwhen their beepers go off and each takes out a bottle of pills. Its the signalfor an AZT break, and suddenly they realize that theyre bothHIV-positive. Clinch. Love duet. If you dont think this is romantic, considerthat Jonathan Larsons sensational musical is inspired by Puccinis operaLa Boheme, in which the lovers Mimi and Rodolfo are tragicallyseparated by her death from tuberculosis. Different age, different plague. Larson has updated Puccinis end-of-19th-century Left Bank bohemians toend-of-20th-century struggling artists in New Yorks East Village. His rousing,moving, scathingly funny show, performed by a cast of youthful unknowns withexplosive talent and staggering energy, has brought a shocking jolt of creativejuice to Broadway. A far greater shock was the sudden death of 35-year-oldLarson from an aortic aneurysm just before his show opened. His death justbefore the breakthrough success is the stuff of both tragedy and tabloids. Suchis our culture. Now Larsons work, along with Bring in Da Noise, Bring inDa Funk, the tap-dance musical starring the marvelous young dancer SavionGlover, is mounting a commando assault on Broadway from the downtown redoubts ofoff-Broadway. Both are now encamped amid the revivals (The King andI) and movie adaptations (Big) that have made Broadway such acreatively fallow field in recent seasons. And both are oriented to an audienceyounger than Broadway usually attrac ts. If both, or either, settle in for asuccessful run, the door may open for new talent to reinvigorate the oncedominant American musical theater. RENT so far has the sweet smellof success, marked no only by its $6 million advance sale (solid, but noguarantee) but also by the swarm of celebrities who have clamored for tickets:Michelle Pfeifer, Sylvester Stallone, Nicole Kidman and Tom Cruise, Mel Gibson,Ralph Fiennesname your own biggie. Last week, on opening night, 21 TV crews,many from overseas, swarmed the Nederlander Theatre to shoot the 15 youthfulcast members in euphoric shock under salvos of cheers. Supermogul David Geffenof the new DreamWorks team paid just under a million dollars to record theoriginal-cast album. Pop artitsts whove expressed interest in recording songsfrom the 33-number score include Whitney Houston, Toni Braxton and Boyz II Men. A bidding scrimmage has started for the movie rights among such Hollywoodheavies as Warner Brothers, Danny DeVitos Jersey Films, Fox 2000 and Columbia. The asking price is $3 million, but bonuses for length of run, the PulitzerPrize (which RENT has already won), various Tony and critics awardscould jack the price up to $3.75 million. Despite these stupefying numbers, theyoung producers, Jeffrey Seller, 31, and Kevin McCollum, 34, and theirassociate, moneyman Allan S. Gordon, know that theyre not home free. Theres no such thing in New York, says Seller. Our companyhas mostly done tours. If you sell 8,000 seats a week in Cleveland, you did agreat job. Never having done a Broadway show, the idea that you have to sell450,000 seats a year is daunting. Major Broadway players like the ShubertOrganization and Jujamcyn Theaters, which lost out to the Nederlander in thefeverish grab for RENT, would love to be daunted like these Broadwaytyros. Rocco Landesman, Jujamcyns president, says hes crushed atnot getting RENT. He predicts the show will be a crossoversuccess; it will attract an ethnically diverse audience, people who are notnormally theatergoers. RENT has a $67.50 top ticket price, butthe producers have reserved the first two rows at $20 and are tagging mezzanineseats at a bargain $30. RENT has a lot riding on itsshoulders, says producer Jim Freydberg, whose Big has justopened. I desperately hope it works. If its successful, were going toget more daring shows on Broadway. If its not, were g oing to get morerevivals. This is interesting, coming from a competitior whose own show,based on the popular Tom Hanks movie about a 13-year-old boy who wakes up on dayin the body of a 30-year-old man, could be said to represent the less daringsector of Broadway. If I really wanted to make money Id go to Wall Streetand invent money, says Seller. I came to Broadway because I wasexcited by the question Can you challenge the mainstream? Can you reinvent themainstream from inside the mainstream?' Says McCollum: It would bedisingenuous to say we dont hope to make money with RENT. But Im herebecause I love the living theater. As Gordon puts it, Were tryingto reinvent how you spend money on Broadway. We have no limos. They dont wantus at any glitzy restaurants. The weird thing is that when these hyped-up,fresh-faced guys say these things, you find yourself believing them. .uda21436372ea050c7aed9e9b5d784350 , .uda21436372ea050c7aed9e9b5d784350 .postImageUrl , .uda21436372ea050c7aed9e9b5d784350 .centered-text-area { min-height: 80px; position: relative; } .uda21436372ea050c7aed9e9b5d784350 , .uda21436372ea050c7aed9e9b5d784350:hover , .uda21436372ea050c7aed9e9b5d784350:visited , .uda21436372ea050c7aed9e9b5d784350:active { border:0!important; } .uda21436372ea050c7aed9e9b5d784350 .clearfix:after { content: ""; display: table; clear: both; } .uda21436372ea050c7aed9e9b5d784350 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uda21436372ea050c7aed9e9b5d784350:active , .uda21436372ea050c7aed9e9b5d784350:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uda21436372ea050c7aed9e9b5d784350 .centered-text-area { width: 100%; position: relative ; } .uda21436372ea050c7aed9e9b5d784350 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uda21436372ea050c7aed9e9b5d784350 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uda21436372ea050c7aed9e9b5d784350 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uda21436372ea050c7aed9e9b5d784350:hover .ctaButton { background-color: #34495E!important; } .uda21436372ea050c7aed9e9b5d784350 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uda21436372ea050c7aed9e9b5d784350 .uda21436372ea050c7aed9e9b5d784350-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uda21436372ea050c7aed9e9b5d784350:after { content: ""; display: block; clear: both; } READ: Minimal Art EssayRENT completes a fortuitous trilogy begun by Hair in1967 and continued by A Chorus Line in 1975. These breakthroughmusicals deal with marginal Americans 60s flower children, theblue-collar gypsy dancers of Broadway, and now in RENT the youngpeople who follow a dream of art in a cold time for spirit and body. Larson, whowas a denizen of New Yorks down under, evokes in swirling detail the downtownscene that is a paradoxical mix of wasteland and community. The homeless, theaddicts and alkies move like oracular nomads among the artistes (asa homeless woman scornfully calls them), who dont know where their next rentcheck is coming from, or their next inspirati on for a song or a picture, or thenext lethal raid by the specter of AIDS. Yet RENT is a thrilling,positive show. In a rich stream of memorable songs, Larson makes true theatermusic from the eclectic energies of todays pop-rock, gospel, reggae, salsa,even a tango. The RENT story began in the summer of 1992, whenLarson, riding his bike down Fourth Street in the East Village, passed the NewYork Theatre Workshop, which was in a mess with a major renovation. Hestuck his head in the door, says James Nicola, the artistic director ofNYTW. He looked in and thought, This is perfect.' What was perfectwas the extraordinary NYTW stage, 40 feet wide and 30 feet deep in a house thathad 150 seats. Its actually a larger stage than the Nederlanders. Jonathan always wanted to walk a fine line between being the iconoclastand the person that descends from the tradition and reinvents it, saysNicola. Our space brought together all these things. It was a greatphysical expression of what he wanted. The next day Larson cycled back anddropped off a tape of songs he had written for RENT, all sung byhim. I listened to a couple of songs and immediately knew this was a rareand gifted songwriter, says Nicola. The four-year process of creatingRENT had begun. A director, Michael Greif, was brought in, a crucialstep in the shaping of what was more of a collage than a play. I wasanxious to neutralize Jonathans emotionalism and bring in some irony,says Greif, a 36 year-old who is now the artistic director of the La JollaPlayhouse in California. Jonathan was such a wet guy emotionally,says Greif with a laugh. He was exuberant, childish in all the good andbad ways. He had this enormous capacity for joy. Hed write a song and say Ilove it! And Id say, Guess what? I dont.' The process continued,helped by a Richard Rogers Award of $50,000 (for which Stephen Sondheim,Larsons idol and inspiration, was a judge). At a workshop production seen byBroadway producers, Seller and McCollum were blown away by what they saw andheard. It was a work that took Larsons wet emotionalism and turnedit into a fountain of unchecked melody and rhythm. Although he calledRENT a rock opera, it has a much wider range than rock, and thescore is not a series of discrete bursts of music. From the title number, afierce outcry is a world where Strangers, landlords, lovers/Your ownbloodcells betray, the music sweeps Larsons characters the principalsand a wonderful ensemble of shifting figures into a living tapestry of hope,loss, striving, death and a climactic resurrection. Larson takes Puccinis youngbohemians and refashions them into Roger (Adam Pascal), a pretty-boy rockerdesperate to write one great song before AIDS kills him; Mimi (DaphneRubin-Vega), a dan cer doomed by drugs; Maureen, a performance artist (IdinaMenzel), and her lesbian lover Joanne (Fredi Walker); Angel (Wilson JermaineHeredia), a drag queen also doomed by AIDS, and his lover Tom (Jesse L. Martin),a computer genius who fears the cyberfuture; Ben (Taye Diggs), the landlord in aworld where lords shouldnt land; and Mark (Anthony Rapp), a nerdy video artist(and Larsons surrogate) who narrates all the interweaving stories to theaudience. In songs like Angel and Toms Ill Cover You, and Mimi andRogers Without You, Larson exalts love as the force that binds hischaracters into an extended family who care for each other with all the manyvarieties of love, from sex to friendship to compassion. Take Me or LeaveMe is a fiery and funny duet for Maureen and Joanne, each insisting on herfierce individuality. The onstage band led by Tim Weill drives not only theirresistibly singable score but the explosively witty choreography of MarliesYearby, who makes every move a flesh-riff of th e life force itself. Like all thebest popular art, RENT dares you to feel sentimental, showing howsentimentality can be turned into an exultant sweetness without which life is agrim mechanism. Puccini had his Mimi die. Larson sends his Mimi to the point ofextinction and brings her back. There are deaths in RENT, but Larsonneeded to balance that with a rebirth. His own death before he could really seehow well he had done in an unbearable irony. He left us singing. .u87fc908476c9ff98213912ad60910081 , .u87fc908476c9ff98213912ad60910081 .postImageUrl , .u87fc908476c9ff98213912ad60910081 .centered-text-area { min-height: 80px; position: relative; } .u87fc908476c9ff98213912ad60910081 , .u87fc908476c9ff98213912ad60910081:hover , .u87fc908476c9ff98213912ad60910081:visited , .u87fc908476c9ff98213912ad60910081:active { border:0!important; } .u87fc908476c9ff98213912ad60910081 .clearfix:after { content: ""; display: table; clear: both; } .u87fc908476c9ff98213912ad60910081 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u87fc908476c9ff98213912ad60910081:active , .u87fc908476c9ff98213912ad60910081:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u87fc908476c9ff98213912ad60910081 .centered-text-area { width: 100%; position: relative ; } .u87fc908476c9ff98213912ad60910081 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u87fc908476c9ff98213912ad60910081 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u87fc908476c9ff98213912ad60910081 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u87fc908476c9ff98213912ad60910081:hover .ctaButton { background-color: #34495E!important; } .u87fc908476c9ff98213912ad60910081 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u87fc908476c9ff98213912ad60910081 .u87fc908476c9ff98213912ad60910081-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u87fc908476c9ff98213912ad60910081:after { content: ""; display: block; clear: both; } READ: Subliminal Messages EssayRENT is his song.

Romeo And Juliet Essays (463 words) - Characters In Romeo And Juliet

Romeo And Juliet Lovers are often stopped from falling in love, but lovers have faith to help them love each other. In William Shakespeare's Romeo and Juliet, two star-crossed lovers are paused from falling in love, due to two family feuds. Fate leads Romeo and Juliet to meet and to die. Romeo and Juliet are fated to meet, although they are from different worlds. For example, when Romeo tells Benvolio of his first love, Benvolio tells him that they will soon be together, but Romeo claims "in that bit you miss. She'll not be hit with Cupid's arrow, she hath plans wit" (I, I, 216-217). Rosaline was not meant for Romeo. Their love shared was unreal. Cupid knows that someone else along the way is destined for him. In addition, when preparing for a party at the Capulets' house, Romeo believes "his mind misgives some consequences, yet hanging in the stars shall bitterly begin his fearful date," (I, iv, 113-115) if he attends the party. The stars are predicting Romeo's future. They know that he will meet someone, but something between the two was just not meant to be. Furthermore, when Juliet asks Romeo how he found her, he replies, "'By love, that first did prompt me to inquire. He lent me counsel, and I lent him my eyes. I am no pilot'" (II, ii, 85-87). Romeo's instincts lead him. Juliet is his true love and his soul knows where to guide him. Even if fate helped the two lovers to be together, it also helped bring them to punishment. Romeo and Juliet's path of love is fated for disaster. For example, when Juliet learns that Romeo is a Montague, she realizes "[her] only love springs from [her] only hate" (I, iv, 52). Juliet knows inside that falling love with Romeo will only make the family feud even worse. Juliet also knows that the two can be killed for loving across their group. In addition, Juliet believes all men fickle and that Romeo "be fickle, for [she] hopes thou wilt not keep him long, but send him back" (III, v, 60-64). Juliet hopes that Romeo will plays with her heart. She wants this because she wants the two lovers to end up in grief together, then they can be happy again. Furthermore, Juliet believes that she will meet Romeo "by leaving earth... [to] comfort [her], counsel [her]" (III, v, 218-220). Romeo and Juliet's love is too strong to be broken down. The only way the two lovers can be happy is in heaven; therefore, death is the answer. Romeo and Juliet rely on death to satisfy them. Because the Montagues and Capulets disapprove of the couple meeting, they must die together to please themselves. They do not care what people say, they just want to be happy. Nowadays, couples still rely on death to help satisfy them, like Romeo and Juliet.

American Laws Protecting Companies from Cyber Crime

American Laws Protecting Companies from Cyber Crime The US federal government considers cyber crime as one of the most critical threats to its security alongside terrorism (Cowley, 2012). In fact, the government considers cyber attacks a threat to the national security, which has prompted enactment of a number of laws.Advertising We will write a custom research paper sample on American Laws Protecting Companies from Cyber Crime specifically for you for only $16.05 $11/page Learn More Since 1985, America has established several statutes with an aim of protecting the federal and state governments, organizations and the public from effects of internal and external cyber attacks (Cowley, 2012). Companies are required to comply with certain laws in order to ensure that their computer and communications systems do not provide cyber criminals with an easy target to execute their crimes. Although there is no single law that describes the specific way in which corporations should implement cyber security measures, a n umber of legislations seek to protect both the government and corporations from cyber crime. The purpose of this paper is to discuss legislations relevant to protecting corporations from cyber attacks, with a special reference to an organization dealing with management of equity fixed income property and allocation of asset funds. In October 2012, the American government issued a warning to organizations that the country might experience a possibility of what it calls ‘cyber-Pearl Harbor’ (Cowley, 2012). It warns that foreign computer hackers are likely to let loose chaos on America’s transportation system, information systems, power grid and financial networks. However, it considers a cyber havoc as the most probable and dangerous effect because most organizations do not have sophisticated measures to protect their intellectual property from cyber attacks. Case study: Legislations protect a hypothetical equity and assets firm from cyber crime The federal compute r Fraud and Abuse act 1984 is the first statute in the United States of America to protect intellectual property from theft and other forms of cyber crime. The statute was originally enacted with an aim of prosecuting hackers and those attempting to hack or attack computers and information systems in financial organizations or institutions of the federal government. Both organizations and the public sector have used this act to prosecute people who hack into their information systems. However, there are disagreements in courts over the use of the statute, which implies that the legislation is not effective for the financial institution in question to protect its intellectual property from cyber attacks (Cowley, 2012).Advertising Looking for research paper on administrative law? Let's see if we can help you! Get your first paper with 15% OFF Learn More Being a financial institution dealing with figures and facts as its main item of trade, the company under dis cussion is likely to apply the Economic Espionage Act to prosecute people who attempt to hack into its information system or pose a threat to its intellectual property. This statute states that any acts of theft, intentional receipt of trade secrets and authorized copying of information or data is a crime that punishable under the law. It aims at criminalizing theft of trade secret, which protects governments, agents and financial organizations (Fischer, 2012). The Digital Millennium Copyright Act is a statute in the United States of America that seeks to protect the government and organizations from cyber attack by prosecuting IP theft. The statute considers theft of computer and computer systems’ identity as a crime. It seeks to protect organizations from people who fraud them of their intellectual property by illegally stealing the identity of their computers, internet servicers and other parts of the information system. By enacting the Wiretap Act, the federal government of the US aims at protecting privacy in communications between people in and out of organizations. The act criminalizes and seeks to prosecute people and organizations that attempt to involve in certain acts such as intentional or purposeful disclosure, intercept or use the contents of any wire, electronic or oral communication use a device (Cowley, 2012). The term device includes such objects as the computer, the internet, telephone, radio and other items of electronic communication. In addition, the act provides civil and criminal penalties for people who violate these regulations. However, it has a number of exceptions to when the violations are legal. Electronic Communications Privacy Act considers all writings, images, data, sound, transfer signals and intelligence that are transmitted through wire, electromagnetic, radio, photooptical or phoelectronic means as a property that needs protection. The statute sets down a number of requirements for arrests and search warrants. Stor ed Communications Act is the second title of the statute that seeks to protect communications held or on transit in electronic devices and channels such as the internet and computers (Fischer, 2012).Advertising We will write a custom research paper sample on American Laws Protecting Companies from Cyber Crime specifically for you for only $16.05 $11/page Learn More The Electronic Communications Privacy Act of 1986 is a federal statute in the United States of America that seeks to protect companies and public institutions from unauthorized access of government or corporation electronic communications. In fact, this statute is an extension of the omnibus crime control and safe act of 1986 (Tunstall, 2011). With respect to the above statutes, the company is obliged to comply with reporting regulations after it suffers a cyber attack or breach of its data. For instance, the SEC is involved in developing and publishing detailed guidelines that institutions need to follow when reporting events of cyber crime or breach of data. They also need to use these guidelines when disclosing information related to these events in case the attacks are likely to cause some effect on the their data, clients, liquidity, losses, pand business operations (Cowley, 2012). According to the regulations, disclosures must have specific content and in plain English (Tunstall, 2011). However, cybercrime disclosures are alarmingly infrequent in the United States, but it is important that the company comply with these rules and regulations (Kayman Elbaum, 2012). The law requires the company to comply with these laws in order to guarantee the customers, the public and other organizations reasonable degree of security for their information. However, the size of the company, the industry to which it belongs and the type of business it conducts determine how the company will comply with the law. There are minimum legal requirements the company must fulfill in order to p rovide maximum security for the information that it values as its assets. For example, it is mandatory for the company to be registered as a private company, a public liability company or a corporate. Secondly, the company must provide information regarding its size, value and nature of data as well as the number of customers it deals with. Moreover, it is necessary for the company to ensure that customers are provided with an ability to access their data but provide security so that their data is protected from cyber criminals. Finally, it is necessary for the company to comply with the regulations on disclosure of information on cyber attack to the relevant authorities, the prosecution and the courts if the offenders are brought in court for an offense related to crimes against the company’s intellectual property (Tunstall, 2011). References Cowley, S. (2012). FBI Director: Cybercrime Will Eclipse Terrorism. Web.Advertising Looking for research paper on administrative law? Let's see if we can help you! Get your first paper with 15% OFF Learn More Fischer, E. A. (2012). Federal laws relating to cybersecurity: discussion of proposed law revisions. Congressional research service. Web. Kayman, S., Elbaum, L. (2012). Ninth Circuit Fuels Employee Misappropriation Debate. New York Law Journal 2(3), 15-16. Tunstall, M. K. (2011). Reporting Cyber Attacks and Data Security Breaches Guidance from the SEC. New York: SEC.

Business Law Essay Example for Free (#13)

Business Law Essay Contract (329) , Business law (49) company About StudyMoose Contact Careers Help Center Donate a Paper Legal Terms & Conditions Privacy Policy Complaints An agreement must contain four essential ingredients to be regarded as a contract. These four elements are offer, acceptance, Intention of legal consequences, and consideration. If any one of them is missing, the agreement will not be legally binding. An offer is defined as the manifestation of the â€Å"willingness to enter into a bargain so made as to justify another person in understanding that his assent to the bargain is invited and will conclude it. † There must be a definite, clearly stated offer to do something. An offer does not include ball park estimates, requests for proposals, expressions of interest, or letters of intent. An offer will lapse when the time for acceptance expires, if the offer is withdrawn before it is accepted, or after a reasonable time in the circumstances (generally the greater the value of the contract, the longer the life of the offer). Only what is offered can be accepted. This means that the offer must be accepted exactly as offered without conditions. If any new terms are suggested this is regarded as a counter offer which can be accepted or rejected. There can be many offers and counter offers before there is an agreement. It is not important who makes the final offer, it is the acceptance of that offer that brings the negotiations to an end by establishing the terms and conditions of the contract. Acceptance can be given verbally, in writing, or inferred by action which clearly indicates acceptance (performance of the contract). In any case, the acceptance must conform to the method prescribed by the offerer for it to be effective. A contract requires that the parties intend to enter into a legally binding agreement. That is, the parties entering into the contract must intend to create legal relations and must understand that the agreement can be enforced by law. The intention to create legal relations is presumed, so the contract doesn’t have to expressly state that you understand and intend legal consequences to follow. If the parties to a contract decide not to be legally bound, this must be clearly stated in the contract for it not to be legally enforceable. In order for a contract to be binding it must be supported by valuable consideration. Consideration consists of either a benefit to the promisor or a detriment to the promisee. That is to say, one party promises to do something in return for a promise from the other party to provide a benefit of value (the consideration). Consideration is what each party gives to the other as the agreed price for the other’s promises. Usually the consideration is the payment of money but it need not be; it can be anything of value including the promise not to do something, or to refrain from exercising some right. The payment doesn’t need to be a fair payment. The courts will not intervene where one party has made a hard bargain unless fraud, duress or unconscionable conduct is involved. When there is a breach of contract, an unexcused failure to perform, the other party is usually given damages, rather than specific performance. The rules of damages vary, but are usually intended to make the injured party whole. A party who was supposed to be paid something for that party’s performance gets the amount of the payment due, if the performance has been rendered. A party who was supposed to get something of value sometimes gets the difference between the price agreed and the market price. Or, if the party has already paid the paying party sometimes gets the money back. Business Law. (2016, Dec 28). We have essays on the following topics that may be of interest to you

Summary Assignment Example | Topics and Well Written Essays - 250 words - 41

Summary - Assignment Example The author has urged that the simulations should be closer to real world scenarios. The author states that heavy dependence on automation of flights is leading to underdevelopment and erosion of manual skills required to handle flights. The author even concludes that lack of training to handle flights manually is one of the causes of accidents. As a marketer I have learned through this article that such articles and the conference in which the speaker talked about all the issues related to training and automation of fights can send a negative image of the airlines in the minds of the consumers. The consumers may think that the pilots are not equipped to handle flights manually and pose a risk to their life. On the other hand, marketer of an air flight organization that have already been providing proper training on how to handle the flights manually can use similar issues to develop a positive image of themselves in the eyes of the