Minimum price

Maximum prices

In-Store Surfing Simulator

A new sport business idea again.Most of people like sport,so many organisations develop business ideas and their business way on sports.So we all knows that most of all sports are outdorrs,so the main problem for them is.......the weather.So why don't we create an indoor sport that are simulated.And this is the new idea we are talking about!Originally available on cruise ships and in water theme parks,the FlowRider uses pressurized water to create an indoor surfing simulation experience with wakeboards.

Strengths:
1)A good business idea.
2)Develop in sports

Weaknesses:
1)Expensive.
2)Need to spend a lot in water.
3)Need an area.

Drinking-Mixing Vending Machines

A new business idea with vending machines appeared again.It sells 1 kind of drink.But the special in this business not only in new kind of drink which is called Mix drink,it needs a special vending machine.This vending machine not as same as general vending machines.IT's more high technology.And this system is called The PouchLinkTM system.The PouchPackTM system, patented by Waterwerkz, enables water-based drinks to be freshly produced in-situ within a vending machine, filled in resealable pouches and served chilled, on demand. The machine filters mains water and makes flavoured drinks using widely available bag-in-box syrups.PostPackTM vending machines are capable of holding up to 2000 pouches, with capacities ranging from 200ml to 500ml, eliminating the need for operators to store, transport and stock machines with bulky cans and bottles. The high storage capacity of PostPackTM machines dramatically reduces the number of required restocking visits, increasing operator margins.

The strengths:
1)Don't need labours
2)Safe time
3)Advertising their brand
4)New sort of drinks

The weaknesses:
1)Vandalism
2)Need good location

As usual,all vending machines is a good way of business.So I think,this is a good idea....Why not?

Acting troupe for home Perfomance Hire

A new great business idea for actors to gain more salary.Teatr Rozmaitosci in Warshaw,Poland,offer clients an in-home theatrical perfomance from a group of professional actors.In November 2005, Polish Teatr Rozmaitosci, located in Warsaw, started performing their play 'Mleko' (milk) in customers' living rooms or kitchens, during lunch time or in the evenings.These actors can play and act everytime.If you're bored,or u want more fun and happyness in your meal time,why not?You can offer and then just wait,and u'll can enjoy your play in your own house!he price for having a living room play performed is PLN 500 (EUR 150/USD 182/GBP 103)

The strengths:
1)New business idea
2)Few competitors

The weaknesses:
1)Need professional actors
2)The price is high I think
3)Need transport to move

Garside slim computers

As we all know,At business classes we have watched Dragon's Den video about many business ideas.And one of them that makes me wonder about is a business idea about slim compters.Its name is "Garside Slim Computers".When the man brings this "slim computer",I thought that that series was really old.Or....The creator of that business idea was not very...smart.How can he called that product slim????Because it wasn't.The computer was very big and the most important thing is,it was not very beautiful.Exactly,The design was so bad.It has one big screen,and then under that,there's like a very huge box without keyboard and mouse.I don't know about the product,how does it work or how can we use that,because he didn't show us.But I think any worst laptop...looks better than that ....."slim computer"Nowadays,we have very useful and portable laptops.Which is vry popular now.So I think that kind of computers won't make happy any customes,because it's very heavy,bad design,and useless.....So...that's why Dragons didn't give hem their money to organise that!!!!!I think that business is failed because I can't find that in GOOGLE....!!!!

Free photocopies on Advertising-sided paper....

This website:http://www.tadacopy.com/
Why there's only Japanese...I couldn't understand anything.....How can I evaluate the idea..Ahhh...So I must guess what it said on that website.....
Tadacopy in Japan offers students free photocopyying though there is no reason why the business model could not work more broadly.The revenue comes from advertising placed on the reverse side of the paper....

So maybe they gained profit from students and specially university students that need a lot of photocopies.And the main point in this business is even they do photocopies free for students.But on the other side,they advertise their company brand or maybe they have profit from the other companies that want to be advertised.And then,they have ben paid.This is a really creative kind of business and I think many companies want to advertise their organisations by that way too.Be cause everybody knows that students are very active.They are travelling,Shopping,And goes every where.So maybe,students are the best way to advertise company's brand.This is a good idea,and I like that.We can make profit from the other companies that pay for us...and the thing is just......We need a lot pieces of paper.....(^_^)

Elasticity

Hair Straightener Vending Machine

This is a great idea for everybody,boys can use straighteners for their special hairstyles too,but girls use that more common.Nowadays,maybe there are some girls that don't have this product,then they can't even borrow it from boys,so they become angry because of that.Then I think these girls will think this idea is just wonderful for female users....Kekekeke.... .They are so poor...Therefore,Hair streightener vending machine is the way to solve it.
As usual,Vending Machines help organitions make their brands more popular,safe time for sellers and the most important thing is it works automatically,so it doesn't need labours for that.We can use it just one time and pay for one time using.Sellers must choose a good location to sell this product and make customers find it easily such as near supermarkets,near hair salons or barbers.Even it can be located near the school (EF, for example)for some FEMALE students find that easily,and look more beautiful before they entered the school.
But there's still some difficulties.If sellers don't put the vending machine in the right place,products can't be solved properly.And they must face with vandalism.And we don't know about the price....Is that cheap and is the price corresponded to customers???
Anyway,I think this new idea is very useful and many people maybe waiting for that a long time.I guess the product will hardly never get out of fashion because some people just NEED them so much!(^_^)

iPod Vending MAchine!

Vending MAchines again!!!Nowadays,iPod is a very popular portable entertainment.IT's a one kind of Music and Video player with high quality sound and video effects,and it's easy to use.So this kind of player fastly became popular.And now,the iPod companies use the Vending MAchine to sell it more.Zoomshop put ipods into the vending machines,and sell to customers.Want to snag that cool iPod you’ve been meaning to get, but never got around to? Here’s the perfect way to do it—whether at an airport or in a busy crowded store. The iPod ZoomShop has the best in consumer electronics, with brands such as Sony and Shure—and products from headphones to digital cameras—carefully chosen to complement Apple’s revolutionary iPod line. This store is loaded with the latest technology, certain to tempt even the savviest technophile.

The strengths:
1)Sells more products
2)Increase the popularity of a brand name
3)Don't need sellers

The weaknesses:
1)Need a high technology protector because it's an expensive product
2)Spend money on protect technologies and to rent a location
3)Vandalism
4)Not sure about the quality.
I think this is not a very safe idea.Ipod is an expensive product,So the difficulty to sell the product safe and without stealing is we must put the Vending MAchine in a crowded place such as airports or offices.So will people at that places will buy the product???I don't think so....And we don't know about the price....Is it cheaper or not???

Soccer Ball Vending Machine!!!

Again,we are talking and evaluating about vending machines.But this new idea is about sports!Nike soccer balls vending machine.We all know,football is king of sports.So most of people like football,and the most important thing that we must have to play successfully is a ball.An excellent outdoor/guerrilla campaign for Nike Football in Singapore to promote the idea of football anytime/anywhere. Footballs vending machine placed were placed in high-traffic urban spots, such as metro stations.There's still some problems when decide to play football,like there's a yard,but we don't have a ball.So this new kind of vending machines is a good idea to help to develop the brand and sell more products.

The strengths:

1)Sells more products
2)Don't need need sellers and labours,sells automatically
3)Could increase name brand recognition for Nike’s soccer shoes, clothes, and other equipment.
4)Placed were placed in high-traffic urban spots, such as metro stations

The Weaknesses:

1)Need a good location
2)Pay for the place
3)Can be crashed by vandals
4)Maybe the quality of a ball is not good

3 mind map topics:Factor Immobility,Information failure,Poverty and Inequality in resource allocating

Our homework

Multiple choice:Market Failure and Government Failure

320)b
321)a
322)b
323)a
324)c
325)c
326)c
327)d
328)c
329)b
330)a?

Factor Immobility

Negative Externalities

Prisoner's dilemma

Firstly...What is Prisoner's Dilemma...Cooperation is usually analysed in game theory by means of a non-zero-sum game called the "Prisoner's Dilemma".The two players in the game can choose between two "sides", either "cooperate" or "defect". The idea is that each player wins or gains when both cooperate, but if only one of them cooperates, the other one, who defects, will gain more. If both defect, both lose (or win very little) but not as much as the "cheated" cooperator whose cooperation is not returned.This is the table can show the "prisoner's Dilemma"


Action of A\Action of B Cooperate Defect
Cooperate Fairly good [+ 5] Bad [ - 10]
Defect Good [+ 10] Mediocre [0]


The game got its name from the following situation: imagine two criminals arrested under the suspicion of having committed a crime together. However, the police does not have enough provements in order to have them convicted. The two prisoners are isolated from each other, and the police visit each of them and offer a deal: the one who offers evidence against the other one will be freed. If none of them accepts the offer, they are in fact cooperating against the police, and both of them will get only a small punishment because of lack of proof. They both gain. However, if one of them betrays the other one, by confessing to the police, the defector will gain more, since he is freed; the one who remained silent, on the other hand, will receive the full punishment, since he did not help the police, and there is sufficient proof. If both betray, both will punished, but less severely than if they had refused to talk. The dilemma resides in the fact that each prisoner has a choice between only two options, but cannot make a good decision without knowing what the other one will do.
For example 2 chocolate competitors like Twix And Mars.This is 2 brands which at first they will have some difficulties,for example price strategy.At first if both brands will have a high price on their products,so both of them will have a high profit!(We don't talk about the quality of the products,which means the quality is equal to both products)But if one of them drop the price,because their products are elastic,so that brand will have more customers,and so they will have more profit than the brand which still keep the price.But if the price of both products are is low,so they both will have low profit!So that's the difficulty that we don't know the price,the market of our competitor.So we must drop or rise the price at the right period of time.If not,we will lose "the game"

Big thanks to Aidana for the tutorial time!!!

Spasibo bol'shoe tebe Aidana chto pokazala mne po Ekonomiki....)))(^_^)
Translation:"Thank you Aidana for showing me about Externalities"

Positive Externalities

For Sairan

TRANSLATION

· Venture capital: Investment made by specialist funds to finance the launch,early development or expansion of a private company

· Variable cost: cost that vary directly in proportion to out put

· Zero budgeting: Budgeting method for a corporation or government in which all expenditures must be justified each year, not just amounts in excess of the previous year

· Ordinary share capital: shares issued by a company entitling their holders to a dividend according to the profits of the company and to a claim on net assets

· Safety margin: Excess of actual sales over break-even sales

· Sale and leaseback: Arrangement in which one party sells a property to a buyer and the buyer immediately leases the property back to the seller. This arrangement allows the initial buyer to make full use of the asset while not having capital tied up in the asset. Leasebacks sometimes provide tax benefits. also called leaseback.

· Working capital: Current assets minus current liabilities. Working capital measures how much in liquid assets a company has available to build its business. The number can be positive or negative, depending on how much debt the company is carrying. In general, companies that have a lot of working capital will be more successful since they can expand and improve their operations. Companies with negative working capital may lack the funds necessary for growth. also called net current assets or current capital.

- Sampling :to choose using one of the methods available.

- Secondary Research : Data such as sales records, market analyses and other reports that were created for a separate purpose but which can be used for market research

-Statistical significance :

there is statistical evidence that there is a difference; it does not mean the difference is necessarily large, important, or significant in the common meaning of the word.

- Unique Selling Proposition (also Unique Selling Point) is a marketing concept that was first proposed as a theory to explain a pattern among successful advertising campaigns of the early 1940s. It states that such campaigns made unique propositions to the customer and that this convinced them to switch brands. The term was invented by Rosser Reeves of Ted Bates & Company. Today the term is used in other fields or just casually to refer to any aspect of an object that differentiates it from similar objects.

Today, a number of businesses and corporations currently use USPs as a basis for their marketing campaigns.

-Break-even Chart : A graphical tool showing the total variable cost and fixed cost curve along with the total revenue curve. The point of intersection is defined as the break-even point, i.e., the point at which total revenues exactly equal total costs.

- Break-even point : The level of production or the volume of sales at which operations are neither profitable nor unprofitable. The break-even point is the intersection of the total revenue and total cost curves.

Portable Espresso Maker

Do you like Espresso???You can make this kind of coffee in your house aren't you.But if you're camping,or traveling,how can you make your favourite espresso.So there's a Portable Espresso Maker which is called Handpresso.Discover the products designed to offer you an outstanding espresso wherever you go, whenever you want. Premium quality espresso – anywhere! With Handpresso, coffee breaks are shared and enjoyed together. Actually, Handpresso has invented a new coffee ceremony for you. So, now, your espressos can be prepared with friends, guests or within the family, indoors as well as outdoors.
The strengths:

• New creative product
• Useful for camping and outdoor activities
• Easy to carry with you
• It can be bought in the Internet
  

The weaknesses:

• The quality of the espresso maybe can't be good.
• The price is high.
• Many competitors
  

Demerit good

Tired...

Mr.Chris...about the vocabulary homework...Now me and Becca have just finished the vocabulary translation.And now we just have 3 versions:English,Chinese and Vietnamese...and we can't have the Russian version...because nobody that can speak Russian have done it in our group.So,James have done his work(6 words in English,25 words in Chinese)...Long have done his work(6words in English and 25 words in Vietnamese)...And last 38 words...me and Becca(she did more than me a little bit...Kekekeke...) just finished it.So we must share and translate it in English which must be others work.And so now...we don't have the Russian version....Exactly...we can't have it....So I don't know how to do now...I can't translate it in Russian because I don't know specialised words.Maybe other members in my group are busy with other homework...So now,we just can have 3 versions...And we wil give it to u tomorrow....(^_^)

Merit good

This is a mind map about Merit Good

Fully retractable umbrella

Umbrella...is the invention that people can walk freely when it's raining.But there are still disadventages in this product.So now young Australian designer Andy Wana has created a new kind of umbrella.This is the perfect umbrella.It solved all problems that a general umbrella has.This new product called Lotus 23.The reengineered umbrella design is fully retractable (retracting like a flower), and folds into a low profile handle. It’s built with flexible ribs that flow with the wind, and when retracted goes completely inside a durable handle, which squeezes the water out onto the sidewalk before you enter a building or car.

• This product is cheaper,this is the biggest strength in this invention.
• All problems have been solved.
• I think there's no weaknesses in this product.
• There are also no sharp points to accidently jab anyone in the eye–a common problem with current umbrella designs
• The features just go on and on– it’s double vented so the wind wont turn it into a parachute.
• U can visit their website..:http://joshspear.com/item/lotus-23-reinventing-the-umbrella/
  

Vending Machines....

Beavis is back guys...Woaaahooooo....Ok...What is vending machines?It's 1 type of machines...that gives food,soft drinks,chocolates automatically.We just need to put money into the machine,choose the thing we wnat and it gives us the product we need. One of the very best types of small business is one that requires the least amount of attention. Vending machines fit this model perfectly. There is a company that offers and sells vending machines.It's called "Vending on Demand".Vending on Demand offers vending machines available for dispensing a variety of Snack Machines, Gumball Machines, toys in capsules, soda machines, Bill Changing Machines, and much more. They offer Vending Machines of all types for any route or business owner.
The strengths:

• Don't need labours,and sells automatically.
• It can be selled in many places,so the products can be selled more.

The weaknesses:

• Need space...Negotiate with relevant businesses and organisations to use their space to place the machine
• It can be destroyed by vandals
• Not very high quality of a product(if it's soft drink..it's ok..but food and hot drinks....the quality won't be good)

Although it's no safe to put outdoors,but it still the good way to sell more quality of products and advertise too.I think this is the good idea to create more high technology vending machines...(^_^)

Problem with wifi connection againn...

Mr.Chris....I have problems with Network connection again...This is Long's laptop...and he must do his work...I'll do my hw when wifi is ok again!!!Sorry mr.Chris.

The Logic of life

My book's name is "The Logic of life",writted by Tim Harford.It has 272 pages and it costs 18.99 pounds.The Logic of Life is published in the US by Random House in January 2008 (US cover to the right) and in the UK by Little Brown in February 2008.This book is very interesting.It talks about our life,our secrets and our problems in many stuffs.There are many chapters and each chapter has its own content.It's devided by 9 parts:

1. Intro
2. Las Vegas
3. Is divorce underrated?
4. Why your boss is overpaid
5. Inthe neighbourhood
6. The dangers of rational racism
7. The world of spiky
8. Rational revolutions
9. A million years of logic

This book may changes the way you look at things,change your thinks about your life.It makes you grown up by showing you about life experiences,about sex,which "kind" of sex is safer and the way people prefer now.How smart are rats,which we were thinking that they are not clever.They have done many examples and experiments.Finally they found that rats can recognise which product for them is better.And about how we can stop the racism,and why it started.Our bosses are overpaid...Why???There's also about the teenagers criminals,they are so young and they don't know how seriuos is the law,and they just started to worry and scared after they have done something against the law.That is the contents of my book...Enjoy it!

COncentrate and focused on reading books!!!!

Now I will read my "special book"...And then I will make a review....Don't disturb me....my friendly ROOMMATE...please......Hhhmmmmmmmmmmmmmmmmmmm...(=_=)

Credit crunch

Oh....I just recognise that I haven't done my post about Credit crunch....Ok...I'll start it...A lot of Homework....
We are talking about credit crunch.Firstly,what is credit crunch?Crunch credit is the situation when suddenly decreased credit sources (sources for loans) or the sudden increase in the cost of bank loans,increasing the interest rate.It means it's hard to borrow and lend money from the bank!

There are a number of reasons explain why the bank suddenly required level of borrowing costs higher, or make access to loans more difficult:

• Firstly, this may be due to the bank predicted a decline in the value of the fund signed (to make sure the thinking to ensure the repayments), or predict increased risks related to the ability payment of the bank in the banking system.
• Secondly, this may occur due to changes in monetary policy (for example, increased interest rates) or by government measures to control direct or request the bank participate in less than lending money

Credit crunch in 2007 is consideredto be as the cause of Credit Crunch in the market, the U.S. credit crunch now. Because banks don't allow to borrow much money so Fed should always be looking for any measures to put in the liquidity into the market and stimulating the bank extended credit terms, bringing the development of economy.

This is the credit crunch,enjoy your meal...Kekekeke...(joking)

Band Rehearsal Space Rentals

We all know Rock is one kind of loud music.It includes very high-sound instruments such as drums,electric guitar,trumpet, and a very strong voice.Everybody sings rock usually like getting crazy because of the music,very very loud music.If rockers sing in stages,in the clubs...it's ok.But for the garage bands or rockstars-in-training,there's no space for them to sing.However, a problem they usually face is that their parents/neighbours will no longer tolerate hearing the music at 200 decibels in their garage any more. The solution for them is to rent out a space where they can rehearse - loudly.So here's the website where they can debate:
http://spotlightstudiosnw.com/rehearsals.aspx

The strengths are:

• Good place for rockers
• Not disturb and annoy others(such as parents or neighbors).
• There are many rock instruments already.

But they still have weaknesses:

• For me the price is high:20$per hour
• Maybe the garage band or rockstars-in-training are just students,so they don't have lots of money.But they can sing hours and hours.So Expensive.
• The quality of the instruments maybe not high.

This rents are just for rockers,people who like rocks.But what about other singers who like other kinds of music???So it's hard to have many customers.But it still a good idea if you know many friends or people who interested in ROCK!!!

NOTE!OUR NEW PROBLEM(VOCABULARY HOMEWORK)

Ok...So where we will do our translation...I have an idea...Everybody will do it in Microsoft Word,save it in USB and then bring it tomorrow.If anybody doesn't have an USB....so bring your laptops...Kekekeke....And then we will connect all Mic.Word pages together...(^_^)

AN IMPORTANT NOTE FOR PEOPLE WHO'S DOING VOCABULARY HOMEWORK!!!!!(50 WORDS)

Okay...In our group there are 8 members:Me(Lex),Rebecca,James,Talgat,Din,Sairan,Kirill...and the new member...Long!This is our vocabulary:
Adding value
Boston Matrix
Design mix
Distribution channels
Extension strategy
Income elasticity
Market research
Market segmentation
Market share
Market size
Marketing mix
Marketing objectives
Marketing strategy
Mass marketing
Niche marketing
Predatory pricing
Price discrimination
Price elasticity
Pricing strategies
Pricing tactics
Primary research
Product differentiation
Product life cycle
Product portfolio
Qualitative research
Quantitative research
Sampling
Secondary research
Statistical significance
Unique Selling Point
Break even chart
Break even point
Budgetary Control
Cash flow
Cash flow Forecast
Contribution
Cost centres
Factoring
Fixed costs
Ordinary share capital
Overdraft
Profit
Profit centres
Safet margin
Sale and leaseback
Variable costs
Variance analysis
Venture capital
Working capital
Zero budgeting


So we have 50 words and we must translate it firstly in English(and we must explane it in our own words!!!)...And we will have 3 more versions are :Chinese,Vietnamese and Russian.Now we will devide our work,so each person will translate 6 words,Me and Rebecca will translate 7 words.Now this is the share-work table:

1. Sairan will do first 6 words(from "Adding Value" to "Income Elasticity")
   
2. Lex will do next 7 words (from "Market research" to "Marketing Strategy")
   
3. Rebeckham will do next 7 words (from "Mass Marketing" to "Pricing tactics")
4. James will do next 6 words(from "Primary research" to "Quantitative reasearch")
5. Long will do next 6 words (from "Sampling" to "Break even point")
6. Din and Talgat will do next 12 words (from "Budgetary Control" to" Safet margin")
7. And Kiril will do last 6 words (from "Sale and Lease back" to " Zero budgeting")

So each peson will do his work(oh...sorry,I forget about Rebecca(the only girl)...Kekeke...) or her work.Each person will translate it in English and in his or her own language.And it's better to be finished tomorrow.Then we will connect all words together and continue to translate it in our own languages....Remember...better I BE FINISHED TOMORROW!

THIS IS A TEAM WORK SO PLEASE EVERYBODY....TRY YOUR BEST!