Charlotte’s Web by E. B. White: A Story of Grief or Loss Management

1. Identify the book by title and date of print. E. B. White’s book entitled Charlotte’s Web was first printed in 1952. The book I just read, however, was the one that was printed only in 2001 by HarperCollins. 2. Give a brief summary of the story. The story talks of a runt whom an eight-year-old girl named Fern Arable has saved from being slaughtered by her father. Instead of doing away with the young pig, Mr. Arable puts Fern in charge with it, who later gave it the name ‘Wilbur’. However, after being put a few yards away from Fern to her uncle’s home down the road, Wilbur begins to feel lonely because he needs to have a friend. A voice begins to tell Wilbur that he already has a friend. It was Charlotte, a beautiful gray spider that owns a big vocabulary. A number of weeks after, they learned that Zuckerman plans to slaughter Wilbur. Charlotte forms a plan, and in order to save her friend’s life, she begins to spell words and phrases in her web that praise Wilbur, so Zuckerman decides to bring him to the County Fair. Even if Charlotte has been preparing to lay eggs, she accompanies Wilbur to the fair and spins another word that made way for Wilbur to win the special medal and the $25 award. At the county, Charlotte lays a total of 514 eggs, but she is just about to die, so Wilbur takes her egg sac and takes responsibility of her children. He will never forget Charlotte, his first and most remarkable, true friend. 3. Why do you think this book was chosen for Grief Management Class? Why did you choose this book? I think this book was chosen for Grief Management Class because it clearly reveals a way of being able to manage grief or loss. This is evident in the story when Wilbur shows how strong he is by doing something that is beneficial even with the loss of his true friend, Charlotte. Wilbur takes responsibility of Charlotte’s eggs, knowing that it is the only thing available that would surely give joy to Charlotte had she been alive. I chose this book because I like the theme of the story, as it shows that, while being in a state of grief or loss, it would be useless to merely sit or think and act negatively over the incident. We have to be strong inside and out to be able to stand up and take courage to fight. There are ways that we can use to manage grief or loss. 4. What topics, themes, stereotypes, problems, and information would relate to the following grief management issues in Children and Adolescents text readings that are illustrated in the Charlotte’s Web book? There are grief management issues that are being illustrated in the book: (1) In relation to one child with death, the book illustrates that people who are grieving over the loss of a child should be forward-minded and should think about the alternative of coming up with another child who could help take away the feeling of loss or grief. 2) In relation to Children Developmental Tasks, the book shows how parents should develop the mental and emotional beings of their children, and one example is through the use of chores or responsibilities that train them on how to become strong and independent. (3) In relation to death encounters and attitudes during childhood, the book illustrates that, like young Wilbur, children are helpless over personal cases that trigger the feelings of loss or grief; friends and loved ones should accompany them. 4) In relation to death-related concepts in childhood, the book illustrates that, as seen in the episode after Charlotte dies in the story, children are unable to connect death with the reality of how it can affect the future. (5) In relation to children who live in life-threatening illnesses, the book illustrates that they need friends who would accompany them over their defenselessness. Finally, (6) in relation to helping children cope with death and bereavement, the book shows that coping go hand in hand with new focuses and tasks. . What part of the book made the most impact on you and might remain with you? The part of the book that made the most impact and one that might remain with me is the episode when Charlotte dies alone with Wilbur leaving to take her egg sac. At first, I was anxious as to why Wilbur would do such a thing as to leave Charlotte in the county while dying. Later on, I perceived that what Wilbur did was something that Charlotte would have wanted because her friend took responsibility of something that she would not have been able to do. Friendship does not just focus on friends alone. 6. What did you learn from doing this assignment? From this assignment, I learned that grief or loss management cannot be completed without being strong inside and out. It is doing something that is forward-looking, and doing what our lost or departed friends would have wanted all along. I learned that to manage grief or loss, I have to stand up and fight, while making sure that my mental and emotional sides are intact. Having true friends is also an important factor.

Dubais Financial Market - Free Essay Example

Sample details Pages: 6 Words: 1766 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? Dubai Financial Market Contents Don’t waste time! Our writers will create an original "Dubais Financial Market" essay for you Create order Mission and Objective: Activities: Products / Services: Operations: Rules and Regulations: Benefits and usage: Mission and Objective: Dubai Financial Market, the stock exchange of UAE is established on 26th March, 2000 at Dubai as a public institution having its own independent corporate body by a resolution from the Ministry of Economy no, 14 of 2000. The DFM is working as a secondary market for trading of securities issued by public joint stock companies, bonds issued by the Federal Government or any of the local Governments or any public institutions of the country, units of investment funds, and any other local or foreign instruments, acceptable in the market. The mission of DFM is to provide different types of professional services related to stock exchange market to ensure with the variety of innovative services related to Trading, Clearing, Settlement and Depository of different instruments in an efficient, transparent and liquid environment. There are three such institutions in UAE, named as Dubai Financial market, Abu Dhabi Security Exchange- who is mainly working on the UAE Companys securities and NASDAQ Dubai-mainly deals in foreign instruments. The concept of stock exchange market is relatively new to UAE and people were keen to know the tricks of investing in stock exchange market. To guide them in proper manner the Government established DFM with common objective of educating the investment savvy Emiratis with the perspective of huge interest to be grown in UAE people and the revenue generation by way of volume of trading to the Government treasury. When a stock exchange is established in any country, the companies rush to list their instruments there for easy, transparent and professional trading enabling the companies to flourish with their performances. DFM is no exception, particularly with the high level of professional execution, the members are happy. The credential of a stock exchange may be derived by the volume of transactions take place for certain period, but behind the screen, the satisfactory level of the clients are also major factor to rate the stock exchange abo ut its efficiency level. The basic values of DFM to be followed are- transparency, confidentiality, efficiency, innovation and integrity. A long path to be flowed with the strong values makes the venture successful and trust worthy for the members of the institution. DFM runs with a vision to prove its entity as the World Class Regional marketplace. Activities: The activities of DFM are multi-folded- 1) To enlist new instruments in the exchange. 2) Calculate the derivatives 3) Ensure the smooth function of trading 4) Disbursement of capital to the eligible entity 5) The collection of revenue related to the transactions 6) The proper launching IPOs To enlist the new instruments in the market, there are certain systems which are set by the universal guideline and the same is to be followed. For calculation of derivatives, there is some calculation based on statistics which is done at the exchange by the experts. For smooth trading, the software is to be full proof and should not be prone to break down. The shut down process for maintenance or overhauling may be exercised during the period of official holidays. The disbursement of capital to the eligible entities- the seller should be flown from the buyer through Demat bank account and the process is to cash n carry which is monitored by the portfolio managers of the stock exchange. The collection of revenue from the transaction to be debited to the seller and buyer and that invoicing is done as per the standard system which is automatic and should not falter. When an IPO is launched, there seems to be heavy propaganda in media related to that. The opening and the closing date ar e mentioned in the brochure. The monitoring of the entire procedure is the portfolio of stock exchange market. Products / Services: The following products are available from the desk of DFM:- Equity instruments- DFM operates as a secondary market for the trading of equities and other instruments issued by Public shareholding companies and Government and Quasi- Government entities whether based in UAE or overseas. The categories of equities provided by DFM are- 1) shares,2) Dual Listed Shares, 3) Other Financial instruments. The shares are of the limited company shares floated in the stock exchange can be bought and become the partial owner of the company. The dual shares are the shares listed in more than one market, like one share listed in DFM and Gulf Finance House. The category of other financial instruments includes TEFs, Security lending and Borrowing, Market Maker, Short Selling, Mutual Funds, Rights Issues and Cover Warrants. Debt Instruments- As per the vision of His Highness Sheikh Mohammed Al Maktoum, Prime Minister and Ruler of Dubai, with his initiative to develop into the Capital of Islamic Economy and transform Dubai into a global sukuk center, DFM is the pioneer of debt instruments as per the principle of Fatwaa and Sharia Supervisory Board. There are two types bonds readily available in DFM- 1) Sukuk (Islamic Bonds) and Bonds. DFM along with NASDAQ Dubai offer a selection of Sukuk through single trading platform, including Sukuk listed by equity issuers, government bodies and institutions. DFM and NASDAQ Dubai listed Sukuk are tradable on-exchange. The conventional concept of Sukuk is not as per the concept of bonds; here the interest is not payable in cash, instead accumulated in asset, usufructs and financial rights. Bonds are also floated in the market by DFM and NASDAQ Dubai in the forms of selection of bonds including bonds listed by equity issuers, Government bodies and institutions. DFM an d NASDAQ Dubai listed bonds are tradable on-exchange. Securities Lending and Borrowing- SLB is the term used for temporary loan against securities by a lender or borrower on the condition that the lender may recall the securities at any time of his choice, subject to normal market settlement cycle not withstanding any agreed maturity date, or borrower may return the securities at any time. The merits of SLB are that the process leads to market efficiency and liquidity, in turn reduces market volatility by reducing bid/offer spread and increasing bid/offer depth, allows price discovery and the arbitrage of pricing inefficiencies, supports the development of the capital market by facilitating various investment strategies. IVESTOR- Unique innovation for investors to get eh benefit of dividend receiving through the IVESTOR Card. As per the resolution of Securities and Commodities Authority with no 28/R of 2010, this concept is initiated by DFM, mainly for the youth below age of 21, to encourage them for trading in DFM security market. The feature of this card is to get the dividend through this card instead of cheques. the instant credit in the card make the holder ready for further deployment funds at his wish instantly with any ATM all over the world with VISA or Plus features. E Services- The E Service is fast track web based solution backed by latest technology run by DFM for the clients like investors, issuers, brokers and custodians and vendors. In todays fast paced world, the service is required urgently with the click of mouse. The information and services required by the associates are to be provided in their fingertips with updated data for their decision making to make easy and instant. Operations: Being launched in 2000, DFM is steadily growing with its operations towards different area of activities related to stock exchange. The area of operations increase with the addition of products or services provided to the clients. The promotion of basic products of financial markets is the key reason to enhance operations in such a level so that it can satisfy the cliental base, in house and overseas. The total listing of 67 UAE based companies and a few dual listing companies of MENA region countries make DFM a substantially big stock market with national and international transactions to reach a high point. Looking towards 2020 Dubai Expo, the stock exchange is already in revamping its operations by the guideline of Chief Operating Officer. The business of stock exchange, like other businesses seldom experience crest and trough and DFM is no exception. Born in 2000, DFM first experienced the downfall in 2006 with 60% value drop. In the year 2006 November, DFM was converted to a pub lic joint stock company by issuing an IPO with selling 20% of its stock to public and 80% held by Borse Dubai, owned by Dubai Government. The mode operation enhanced as per the demand of the situation and now DFM proves its worth by applying the operation process in proper line excelling the performance. Rules and Regulations: As per the Decision no 3/R of 2000 concerning the regulations as to disclosure and transparency the Chairman of the board of Directors of the securities and commodities authority having considered Federal law no. 4 of 2000 concerning the Emirates Securities and Commodities Authority and Market, Council of Ministers Resolution no 193/18 of 13.03.2000 concerning the constituting of the Board of Directors of the authority, after consultation and coordination with the bodies concerned in the establishment of markets in the state, and pursuant to the resolution of the Authoritys Board of directors at its meeting held on 29.10.2000, has decided to approve the following regulations as to disclosure and transparency. The rules and regulations are covered by Articles with no. 1 to 38 stating the various aspects of law related to the stock exchange market as per the rule set by UAE Government. The rules basically reserve the right of the associates of the stock market along with ensuring the i nterest of the associates. The rule not allows any such loopholes through which any untoward advantages can be availed by any of the associates to make other respective associate to loss. The laws are governed by the Stock exchange authority of UAE and DFM strictly follow the law to ensure proper execution in the lawful manner. Benefits and usage: Benefits of Dubai Financial market is being observed by the investors and issuers along with the other associates like vendors, brokers, custodians and the employee of DFM. The taste of share transactions with the view of profits or loss makes the people of UAE aware of the trend of stock exchange. The local UAE companies have the benefit of local listing and the investors have the benefit of trading in local as well as international segment of share trading. The usage of DFM is to earn revenue on behalf of the Government and to monitor the transactions to have the clear idea of share trading locally or internationally. The booming business environment of UAE looking forward towards Dubai Expo 2020 is supported by DFM and the end result to all associates will be favorable.

Argumentative Essay on Problems of Tourism

Can Tourism Bring Harm? If you have at least once visited Egypt, you definitely have a picture with Pyramids on a background. Everyone who went to Italy should imagine oneself holding the tower of Pisa. But how many of them can say even few words about the history of those places? Tourism is becoming more and more popular each day. Within one season New York welcomes 500 millions of visitors. That is like half of the population of China. Fortunately, the city is big and its streets are built to handle the big quantity of people. And in case they don’t – they can be renovated and rebuilt. Though, if we rebuild San Marco Square or Notre-Dame de Paris, we won’t be able to say we preserved the history any longer. The remarkable historical places are ruined with the huge people’s flow that come to see it every day. The other problem of tourism is that countries that get their income from tourists mainly can’t really develop anything else. Per say big amount of industry objects will make the destination point less ecologically friendly and thus less attractive for visitors. Developing agriculture sphere will take up places that can be used to built tourists objects and so on. The more attention is paid to entertain the visitors who bring money to the country’s economics (especially if we talk about poor regions), the less authentic that country becomes. Everything becomes standard, more accessible and easier to understand. Tourism is good, of course. We find out more about other cultures, explore totally different ways of thinking, open up our minds and simply entertain ourselves. Still, let us not forget that it also has some disadvantages that should not be overlooked.

Mgt 330 Management for Organization - 1485 Words

When I began this course I I was unsure of what to expect. The name of the class Management for Organization seemed like such a broad title. Just reading the title I new this class would entitle lots information. I was praying that I didn t get a hard professor. Through out the course I have learned a lot about responsibilities and characteristics of a CEO or managers on down the line of a business. There were a few things that I like most and I will explain them to in this paper. The topics I gained the most insight from were: big five personality traits, Levels of planning, Personal leadership style and managerial tasks. I will explain and tell you abut and what they mean and how they apply to me. Many things in life you have to†¦show more content†¦It also is an industry that indicates national markets that organization complete. Corporate also provides the frame work with divisional managers create there business-level plans. A business-level plan has details that have l ong-term goals that will allow the division to meet corporate goals, and the division s business-level strategy and structure. Many organizations have a business- level strategy that states the methods of a business or division. The use this strategy to compete against there rivals in the industry that they are in. Their is also a functional level this is the unit or department were people have the same skill or use the same resources to perform their job. The business-level plan provides the frame work for which functional mangers devise there plan. A functional plan states the goals that functional managers propose to pursue to help the division attain its business level goals mean that there is a goal set by corporate all the way down for everyone to meet. So that includes a functional-level strategy. Sets forth the actions managers plan to take the level of their department and grow. Functional level also consist of manufacturing, marketing, accounting, and R D. Which allows th e organization to reach its goal. One thing you should remember is that functional goals and strategies should be consistent with divisionalShow MoreRelatedMGT 330 : Management for Organizations985 Words   |  4 Pagesï » ¿ MGT 330 : Management for Organizations My job description for Starbucks would encompass a bit of the company’s history, as well as details of what the job responsibilities are. In doing so, this provides a potential employee with some knowledge of the company, an understanding of the mission statement, as well as what their responsibilities would entail. Below is a sample of how my job description for Starbucks would read. 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SNC Reaction Paper Free Essays

What was it spent on? Who were the recipients? Investigations suggested that the money was used to pay bribes to unknown North African agents in order to sanction mufti-million dollar future projects. This was possibly done to maximize company revenue, but the deed is still questionable with Demise’s grey past. The archbishop Of Milan, SST. We will write a custom essay sample on SNC Reaction Paper or any similar topic only for you Order Now Ambrose once said, â€Å"When in Rome, do as the Romans. † Does this translate to Zinc’s actions in North Africa? Doing business in different parts of the world can be a difficult game because of varied cultural and professional differences. What may seem wrong in North America may be an everyday occurrence in another part of the world. Bribery is one such act. A bribe, according to the Merriam-Webster dictionary is â€Å"money or favor given or promised in order to influence the judgment or conduct of a person in a position of trust†. From personal experience, in some countries, not paying a bribe or not â€Å"giving a gift’ may prolong or delay work, and in some cases even create a roadblock and completely stop the project. In some countries, offering a bribe is legal while in others it is considered a felony. The question forever is, is bribery ethical? Ethics, in my opinion, are culture specific and, as the professor mentioned in class, time specific. Slavery, for example was an integral part of a perfectly normal society in ancient times but now is considered a heinous crime. Pierre Daytime bribed officials to influence their decision in choosing SYNC Laving for construction projects. But even after investigations, it is not known what this bribe was used for. Daytime and Ben Sass were also linked to illegal activities like money laundering with the controversial Miramar Godhead of Libya. Keeping in mind his past history and the act of bribery itself positions me to believe that Daytime acted unethically. I also believe that bribery, in any form, is morally wrong irrespective of where one does business. In this case, Daytime, the board of directors, the agents and the officials in North Africa are the active agents. The shareholders, potential and current clients, the employees of SYNC Laving as well as their competitors are the passive agents. Let’s analyses the ethical issues in this case using a few models. Virtue Based Moral Reasoning expects en to maximize certain virtues like honesty, integrity, fairness and transparency. Daytime in his actions exhibited dishonesty and dishonor by bribing and laundering money. These actions were unfair to the shareholder as they were and still are unaware about where their money was spent. Lack of transparency creates a loss of trust amongst employees and stake-holders as well. Demise’s actions were, therefore, unethical. Next, let’s look at it through a Communitarian’s approach. This method stresses that contracts, implicit and explicit, should be respect and not breached under any resistance. Daytime had a fiduciary duty towards the corporation, which he breached as the company lost its reputation as a result of this bribery debacle. He had also signed an implicit contract with the employees of the organization which was breached when he paid no heed to company ethics before making his decisions. Falsifying accounts by using terms like â€Å"project consultancy costs† and â€Å"project commercial costs† for the money spent towards bribes is equivalent to lying to shareholders as these statements are finally sanctioned by the CEO. Thus we see that SYNC Laving and Daytime acted unethically on the basis of Communitarian’s. However, if you look at the decision through a Consequentiality perspective, an approach where only the consequences of your actions matter, Daytime, while making this decision was actually right. He paid a small price (in the form of a bribe), which in turn would bring in business worth billions and increase the company’s revenue. He believed that ends justified the means. However, after the entire incident unfolded, SYNC Laving not only lost a lot of money through trials and fines, but also lost something more important, trust and reputation. Thus, I believe that this act was unethical even through a consequentiality approach. If Daytime was acting under a veil of ignorance, he would definitely not authorize these payments. SYNC Laving could have been a company that has lost out to a lucrative contract just because another company was willing to bribe their way to the contract. Here we see that through a Rawlins Liberalism approach, Daytime was unethical. According to Graham Tucker’s theory, an ethical decision should positively answer all his five questions. Daytime and SYNC Lapin’s board fails to answer these questions positively. Was their decision profitable? Definitely not. SYNC Lapin’s profits reduced from $76 million to $67 million in the first quarter of 201 2 itself. Secondly, bribe giving is illegal in Canada which negatively answers his second question, is it legal? He then goes on to ask if it is fair. If you look at this from their competitors perspective, their decision was unfair to the competitors who missed out on deals as they refused to pay bribes. This decision was also not right as this money was paid to unnamed and unknown recipients to influence the company’s goals. Finally, it fails to positively answer if paying bribes ensures sustainable development. Such acts result in recurrence of ill doing which in turn can backfire on the corporation. Most successful organizations usually boast of having a clean slate and usually do not indulge in such acts. Bribery may be a quick fix but is definitely not a permanent solution. Informs CEO and my former boss, Nary Murphy once suggested, â€Å"If bribe giving, and not bribe taking, is made legal then the bribe giver shall indeed cooperate with the authorities to expose the bribe taker. This seems o be an interesting idea and think it should be implemented†. Such a policy will encourage victims to blow the whistle on bribe takers fearlessly and in turn help combat corruption. In my view, businesses can very well flourish even in the harshest situations. Informs is a great example; an organization which flourished ethically in an environment which was not very welcoming to entrepreneurs with a conscience. Their vision was not to just build a profitable organization, but a respectable one. In 1984, Informs imported a supercomputer and the customs official at the airport refused to clear it without a bribe. Any delay was unacceptable and the only alternative was to pay a customs duty of 135% and then appeal for a refund. Murphy borrowed money and paid the duty. He believes that at the end of the day, a clear conscience is the softest pillow on which you can lay down your head at night. Firmly believe that bribery is an evil which eventually leads to corrupt business and political environment. Even though it is viewed differently in different cultures, morally it still is wrong and unethical. I’d rather not do business in a market which enforces bribery than silence my scruples and indulge in a social evil. How to cite SNC Reaction Paper, Papers

The Impact of Price Drop on the Demand-Free-Samples for Students

Question: If a Business drops its price will it always Increase demand- and will it make Profit? Answer: Introduction: This report has been prepared to analyze the law of demand and supply in context of a product to understand the demand and supply relation. In this report we will, study the impact of price drop on the demand and profit making. Further, this report offers a brief about the profitability and demand of a product due to its high price. Law and Demand supply: The law of demand and supply refers to an economic theory that helps in understanding of relationship between the demand and the supply as well as the effects of price changes on them. Law and demand supply briefs the user about entire relationship between the demand and the supply[1]. Demand Curve: A demand curve is a curve that shows the relationship between price level and the quantity demanded of the product. Its a curve that combines two curves into a single curve i.e. the supply curve and the demand curve. Price drop does not always results in increase demands; it depends from product to product and market situations. As the products can be of various types like general products, necessary products, griffen goods etc. each of these products have different demand curves according to price variations and also market can open or monopolist etc. which also affects the demand curve because in a monopolist market there is only one seller in the market who has complete monopoly on the product and does not have same impact of price drop as in case of open or free market[2]. For example in an open market the demands of a general product increases as: As the above graph states that at price $50 the product demanded are equal to 90 units. Now when the price is decreased to $20 it results in increase in demands of the product by 105 units as shown below. It clearly depicts that the increase in demand by 25 product[4]. But this is possible only in case of general products and open market. There are several exceptions to it, like: Necessary goods: A necessity product is a normal good such as any other regular good. Whenever price of these products falls, demand also falls but the demand rise for a necessity product is quite less than the proportional rise in price. Thus the expenditure proportion on such goods falls with increment in the price. Generally, it refers to goods which are required by the consumer to consume even how high its price is or not. For example Medicines, even if price goes down still the consumer intake will remain same[6]. Griffen Goods: A Giffen good is naturally an inferior good which does not have simple obtainable alternates, as a consequence of which the effect of demand dominates the substitution effect. Giffen goods are relatively rare, to the degree that there is some discussion about their actual subsistence. It refers to inferior goods whose demands increase with increase in demands. Hence, there demand decreases with a price drop. Lowering Prices increase Profits In slow economys, generally everyone assumes that by lowering price one can sell more quantity and also increase their revenues and profits. But this is not always true. The price change policys effectiveness depends on the slope of the demand curve. If the demand curve is perfectly inelastic, then customer wont change their demand even if there is any price drop. On the other hand, the customer changes there demand according to the price if the demand curve is perfectly elastic and lower the price higher is the demand. (Besanko, 2009) Conclusion: This report enlighten the user with the effect of price drop and its effects in various markets and the effect of price drop in profit making for any organization. Bibliography: Hirschey, Mark. Managerial economics. Cengage Learning, 2016. Png, Ivan. Managerial economics. Routledge, 2013. McGuigan, James, R. C. Moyer, and Frederick Harris. Managerial economics: applications, strategies and tactics. Nelson Education, 2013. Webster, Thomas J. Managerial economics. Lexington Books, 2014. Prusty, Sadananda. Managerial economics. PHI Learning Pvt. Ltd., 2010. Boyes, William. Managerial economics: Markets and the firm. Cengage Learning, 2011. Perloff, Jeffrey M. Microeconomics: Theory and applications with calculus. Pearson Higher Ed, 2017. Mark Hirschey. Managerial economics. Cengage Learning, 2016. Thomas J Webster. Managerial economics. Lexington Books, 2014 Jeffrey M Perloff. Microeconomics: Theory and applications with calculus. Pearson Higher Ed, 2017. James McGuigan, Moyer R. C., and Harris Frederick. Managerial economics: applications, strategies and tactics. Nelson Education, 2013. William oyes. Managerial economics: Markets and the firm. Cengage Learning, 2011. Sadananda Prusty. Managerial economics. PHI Learning Pvt. Ltd., 2010. Ivan Png. Managerial economics. Routledge,

The Impact of Price Drop on the Demand-Free-Samples for Students

Question: If a Business drops its price will it always Increase demand- and will it make Profit? Answer: Introduction: This report has been prepared to analyze the law of demand and supply in context of a product to understand the demand and supply relation. In this report we will, study the impact of price drop on the demand and profit making. Further, this report offers a brief about the profitability and demand of a product due to its high price. Law and Demand supply: The law of demand and supply refers to an economic theory that helps in understanding of relationship between the demand and the supply as well as the effects of price changes on them. Law and demand supply briefs the user about entire relationship between the demand and the supply[1]. Demand Curve: A demand curve is a curve that shows the relationship between price level and the quantity demanded of the product. Its a curve that combines two curves into a single curve i.e. the supply curve and the demand curve. Price drop does not always results in increase demands; it depends from product to product and market situations. As the products can be of various types like general products, necessary products, griffen goods etc. each of these products have different demand curves according to price variations and also market can open or monopolist etc. which also affects the demand curve because in a monopolist market there is only one seller in the market who has complete monopoly on the product and does not have same impact of price drop as in case of open or free market[2]. For example in an open market the demands of a general product increases as: As the above graph states that at price $50 the product demanded are equal to 90 units. Now when the price is decreased to $20 it results in increase in demands of the product by 105 units as shown below. It clearly depicts that the increase in demand by 25 product[4]. But this is possible only in case of general products and open market. There are several exceptions to it, like: Necessary goods: A necessity product is a normal good such as any other regular good. Whenever price of these products falls, demand also falls but the demand rise for a necessity product is quite less than the proportional rise in price. Thus the expenditure proportion on such goods falls with increment in the price. Generally, it refers to goods which are required by the consumer to consume even how high its price is or not. For example Medicines, even if price goes down still the consumer intake will remain same[6]. Griffen Goods: A Giffen good is naturally an inferior good which does not have simple obtainable alternates, as a consequence of which the effect of demand dominates the substitution effect. Giffen goods are relatively rare, to the degree that there is some discussion about their actual subsistence. It refers to inferior goods whose demands increase with increase in demands. Hence, there demand decreases with a price drop. Lowering Prices increase Profits In slow economys, generally everyone assumes that by lowering price one can sell more quantity and also increase their revenues and profits. But this is not always true. The price change policys effectiveness depends on the slope of the demand curve. If the demand curve is perfectly inelastic, then customer wont change their demand even if there is any price drop. On the other hand, the customer changes there demand according to the price if the demand curve is perfectly elastic and lower the price higher is the demand. (Besanko, 2009) Conclusion: This report enlighten the user with the effect of price drop and its effects in various markets and the effect of price drop in profit making for any organization. Bibliography: Hirschey, Mark. Managerial economics. Cengage Learning, 2016. Png, Ivan. Managerial economics. Routledge, 2013. McGuigan, James, R. C. Moyer, and Frederick Harris. Managerial economics: applications, strategies and tactics. Nelson Education, 2013. Webster, Thomas J. Managerial economics. Lexington Books, 2014. Prusty, Sadananda. Managerial economics. PHI Learning Pvt. Ltd., 2010. Boyes, William. Managerial economics: Markets and the firm. Cengage Learning, 2011. Perloff, Jeffrey M. Microeconomics: Theory and applications with calculus. Pearson Higher Ed, 2017. Mark Hirschey. Managerial economics. Cengage Learning, 2016. Thomas J Webster. Managerial economics. Lexington Books, 2014 Jeffrey M Perloff. Microeconomics: Theory and applications with calculus. Pearson Higher Ed, 2017. James McGuigan, Moyer R. C., and Harris Frederick. Managerial economics: applications, strategies and tactics. Nelson Education, 2013. William oyes. Managerial economics: Markets and the firm. Cengage Learning, 2011. Sadananda Prusty. Managerial economics. PHI Learning Pvt. Ltd., 2010. Ivan Png. Managerial economics. Routledge,