Topic 7: Change and the Future

There have been rare chances of change that I had to go through as I grew up. The only significant changes is changing from one school to another and going through adolescence. After finishing elementary, I moved onto junior high and this is the biggest change in my life so far (for my body. Then I move onto high school after completing junior high and high school may be the toughest years of learning one will ever go through as this stage of life will determine whether or not I will have a good future or a bad one. As I completed my first course of high school for ninth grade; I decided to move to Taiwan for schooling for a different experience at hands-on cultural education as well as my regular education during my stay at PAS. What I expect to be doing after high school is to be taking classes for courses that benefit the field I will major in for my future businesses. The kinds of occupation that would be available in the future all depends on how quickly the society changes. If the current society were to progress rather quickly there will be numerous new jobs open to the people, but if the society were to not progress as so then only a few new jobs would be available to us. For one to enter the world of work; one would need the skills above the average both in social and intellectual. 

Topic 6: Who's Running the Show?

The form of the business organization that PAS runs on is a sole proprietorship, but has formed a partnership with another group. I have no idea of the history behind the development of PAS, but I would say that Pamela has formed this school with her own money, and funds from other people who supports her ideas and causes as well as partaking an interest in an international education. The group Pamela has created a partnership with is the School Board of Education. The liability of PAS is limited. If the school were to fail; Pamela cannot be held responsible for every particular thing. Pamela does not and cannot lose her property to the failure of the school, because she has formed a partnership with the School Board of Education. Both are responsible for their actions. The life of PAS is unlimited. If the Pamela were to suddenly pass away, retire, or lose her position as the head of the school; the school would not be destroyed and the name Pacific American School would not be gone either. Instead, a new head of the school is hired and the school continues to function as long as the positions of the staff can be replaced. I chose a sole proprietorship because Pamela acts like she runs this school on her own. Advantages over other business organizations are having a limited liability and an unlimited life. There are no disadvantages. And if I were to start my own I would choose the same organization, because as stated before, limited liability, unlimited life.

Topic 5: A Different Phone?

The Nokia phone company came up with the idea and produced the mobile TV app from the results of the recent survey done by Nokia in Helsinki. The results of the survey were 41% of the total participants stating that they would be willing to pay for the mobile TV app service from Nokia. In addition the people thought that the monthly fee of 10 Euros ($12.50 USD) a month was a very reasonable price. Phone producers include many apps into their phones to make it seem like it is the finest thing to be purchased by consumers and to make it seem essential to their daily lives. Manufacturers are more likely to sell differentiated products in the new market because there are many competitors in the same section of the market; therefore products with different special features set each product apart from each other attracting different costumers in the new market.

To create the perfect phone for the general public; it should include the universal features of being able to make calls, easy-to-access contacts list, world-wide map, 4G internet connection, and a few phone apps for entertainment once in a while. With only a few features to a phone producers can create the perfect phone without much hassle. In fact, most of the apps and extra “special” features are only a waste and are useless to us. 

Topic 4: Ripple Effects and Elasticity

The up and down changes in the prices of oil will drastically affect the entire economy along with one's family as the oil's importance in the production of every good and service that is produced, a change in this will affect everyone in society. Such an impact on society would cause a lot of other products and services to decrease in use.

If the prices of oil were to drop relatively low, then the use of products and services that utilize oil would tremendously rise in numbers. However if the prices of oil were to skyrocket, such products and services that operates on oil would decrease extremely fast.

Cars, the vehicles that transports us everywhere we go, ranging from getting to school and driving around for vacation. In the case of the prices of oil rising, less and less would drive in cars and resort to bicycling or taking the bus. Thus, the demand for automobiles will significantly drop and hurting the producers of cars, a big part of the current economy.

Conversely, the prices of oil were to drop, oil would be purchased more than ever and cars used more often as well.

Another example would include factories. All factories operate on oil and energy to produce the everyday products we use. If the prices of oil were to frequently fluctuate, producers’ willingness would change and either produces less when the quantity demand is higher resulting in a shortage or produce more then the quantity demanded, resulting in a surplus.