Supply and Demand of Cell Phones - Free Essay Example

Sample details Pages: 4 Words: 1144 Downloads: 1 Date added: 2019/10/31 Category Technology Essay Level High school Topics: Cell Phone Essay Did you like this example? Supply and Demand of Cell Phones Introduction:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In todays world everyone is fascinated with the bigger better flashiest cell phone.   People use cellphones as a way to escape the outside world and draw themselves in.   The newer and flashier the cellphone the more important you seem to be.   The question people need to ask their self is how much and I willing to spend on a cell phone?   The companies need to keep up with the supply and demand for the components to make the cell phone and not to over price them too much. Demand:   Price   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   As cell phones have become more sophisticated and the need for them is greater in every day life, the price of the smart phone will go up.   The average price for a cell phone today is around $363 in the global market.   As you can see in the graph below since the increase of smart phone is needed the price has also increased just within the last 2-3 years (Why people are buying, January 2018). Don’t waste time! Our writers will create an original "Supply and Demand of Cell Phones" essay for you Create order   Figure 1. Graph of Year-over-year change in global average smartphone. From https://www.recode.net/2018/1/23/16923832/global-smartphone-prices-grew-faster-iphone-quarter The cost of cellphones is supposed start at around $1000 this year because consumers are willing to pay the price for a quality phone.   This would be a 10.3% price increase from 2017.   With the cost of cell phone makers developing the product, putting better hardware, and manufacturing costs will help increase the cost of the phone (Smartphone prices starting, Aug.2018).   While the first quarter of 2018 sales for smart phones dropped by only 2%, cell phone makers were able to still real in an amazing $129.8 billion dollars in revenue which is an 18% increase from 2017 first quarter.   This goes to show that the increase in demand for cell phones is greater than ever (Global smartphone sales were, April 2018). As of right now people are waiting on average to upgrade their cell phone between 20 months and 24 months depending on cell phone.   When new phones are put onto the market the suppliers never have enough during the first shipment.   Normally phones such as the iPhone come up short.   When new phones are released the normal trend shows that the phone take 3-6 weeks to get to the consumer.   This is different if the mobile device has been out for a bit, that shipment averages around 1-2 weeks (The Future of the Smartphone Market, 2017).  Ã‚   Cell phone companies plan for these short falls because in some instances they do not have enough of the hardware all at once to make up for the rest of the orders.   As the phone stays out longer the more supply of hardware they receive or have in stock.   This in turn raises the demand for their product. Cell Phone Owners   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Cell phones are no longer analog they are now digital.   They arent just used to call people while on the road, they are used to reach out into the world.   We can exchange photos with people, gain access to the internet, track children and others.   From the year 2002, which is only 16 years ago the number of people grew from 62% to around 95%.   Of course, so did the number of people using smart phones as shown in the graph below in figure 2.0.     Figure 2.0 information from graph taken from Mobile Fact Sheet. (2018, February 05) Below is a graph of cell phone owners by percentage.   It shows that the younger generations, the ones that grew up with cell phones have a greater need for cell phones.   As the age group goes higher the percentage of smart phones decreases.   Figure 2.1. Information from graph taken from Mobile Fact Sheet. (2018, February 05) As the need to keep in contact with people so has the need for people to get cell phone. Also, the need for educated people to have smart phones to stay in contact has also increased.   People are in need to communicate with others on a regular basis.   According to Jay Donovan of techcrunch.com (2016) the average age for a child to receive their first cell phone is 10.3 years of age.   Parents are become lax on their children gaining access to the internet.   Children are not just getting hand-me down phones now they are actually receiving their own accounts with data included.   The days of handing your child the phone you upgraded from has gone away and now children as young as 6 or 7 are handed cell phones worth on average of $363 (The average age for a child, 2016). Cost of Cell Phone Service   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   According to the Department of Labor and Statistics, money used on cell phone service has grown by 58.5% since 2007.   This poll was taken in 2014 which only stands to reason that the actual money consumers use is more like 65-70%.   The average American spent $608 in 2007 yearly.   Below is a graph showing the increase in spending.   As you can see more and more people are using mobile devices to communicate rather then having residential service in their house.   As you can see from the chart the average spending on mobile phones has increased by leaps and bounds over the last 8 years.   People are decreasing the amount they spend on their residential phones and making themselves accessible to the world where ever they go. Conclusion: As the world keeps evolving into a technological world people will continue to buy cell phones.   The need to be accessible to friends, family and even your job is instrumental.   The demand for these types of products will continue to grow for the foreseeable future.   When children are being introduced at such a young age it is hard to deny the truth, and the truth is that we continue to want more from the cell phone companies and there for the demand for this technology is great.   Until a chip is implanted into our head as seen in the movie Click, we will need some way to be in contact with people.   The human race has moved from being enthralled with what was happening in our small corner to being thrust into having access to the world in the palm of our hand.   References Bugeja, M. (2004, 11). Cellphones and real-world communication. The Education Digest, 70, 36-39. Retrieved from https://search.proquest.com.ezproxy.libproxy.db.erau.edu/docview/218188379?accountid=27203 Diaconescu, A. (2018, April 26). Global smartphone sales were down in Q1 2018. Retrieved September 10, 2018, from https://pocketnow.com/global-smartphone-sales-q1-2018-average-prices Donovan, J. (2016, May 19). The average age for a child getting their first smartphone is now 10.3 years. Retrieved September 14, 2018, from https://techcrunch.com/2016/05/19/the-average-age-for-a-child-getting-their-first-smartphone-is-now-10-3-years/ Meek, A. (2018, August 07). Smartphone prices starting at $1,000 are getting more common, and its all your fault. Retrieved September 09, 2018, from https://bgr.com/2018/08/07/smartphone-prices-keep-rising-thanks-to-1000-iphone-x/ Mobile Fact Sheet. (2018, February 05). Retrieved September 10, 2018, from https://www.pewinternet.org/fact-sheet/mobile/ Molla, R. (2018, January 24). Why people are buying more expensive smartphones than they have in years. Retrieved September 09, 2018, from https://www.recode.net/2018/1/23/16923832/global-smartphone-prices-grew-faster-iphone-quarter The Future of the Smartphone Market. (2017, September 29). Retrieved September 14, 2018, from https://emberify.com/blog/the-future-of-apples-new-iphone-the-smartphone-market/

A Brief History of America’s National Pastime - 679 Words

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Conflict Resolution at the Workplace

Question: Discuss about the Conflict Resolution at the Workplace. Answer: Introduction Workplace Related Conflict The conflict at the workplace involved the disagreement between the staff of the accounts department and the marketing department. At work we have a bulk photocopy machine that technically is situated close to the accounts department since they are the ones who use it the most. It is meant for use by the whole company and is not under the control of any given department. The staff of the marketing department wanted to urgently use the photocopy machine for promotional fliers they wanted to distribute, while the accounts department was preparing documents to be presented to a group of potential investors. There was a near fist fight over who had the right of use, with the accounts department claiming right of first use due to its proximity to their department. Steps taken toManage the Conflict and Prevent the Reoccurrence First I calmed down both sides who were matching at each other, then switched off the photocopy machine. This managed to get their attention and then I called for a meeting inside my office as the manager. I called for all the staff concerned of the two department s together with their supervisors. I gave each side the opportunity to choose one person as their spokes person to present their side of the cause of conflict. Having impartially listened to both sides of the story, I suggested that the machine be moved by staff of both departments to a location that was neutral and acceptable to all of them This would require team work to remind them that even though they work in different departments, they were still a team. I supervised the translocation of the machine while delegating the spokes person to act as the team leader of this undertaking. 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Monitor: I would request the Human Resources department to monitor independently if there are any more flare-ups or if the two departments are peacefully coexisting in the office environment. The HR being a neutral department would be discrete while monitoring the level of compliance by both departments and then would give me a confidential report. I would try as much as I can to personally try to monitor the compliance by avoiding the safe zone that was agreed upon by both the departments. Resolving the conflict: I would appoint an office Ombudsman, who will confidentially and independent, and can be approached by all employees, including myself in order to come up with solutions that affect the whole office. At the same time I would also consider factoring the cost of a new photocopy machine in the yearly budget so as to show the staff concerned that their concerns have been acted upon. 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Accommodating: This would require taking a wholly unassertive and cooperative approach which may not also be expedient in this incidence because it would send a message of weakness to the junior staff. It would also have meant accepting the argument position of one side against the other. The taking of sides would be the recipe to forment internal dissention of us (the victims) against them (the favourites) and would create a toxic working environment. Avoiding: This requires taking an unassertive and unco-operative position to the conflict. Sidestepping, postponing or ignoring the issue and hoping it will resolve itself would not work in this incidence. The issue was drawing attention of the other departments and it needed to be resolved urgently. Compromising: This option requires an assertive and co-operative stance but only to some extent. Its the approach of bridging the gap in the middle. It is the option of seeking a quick solution to the problem to avoid it escalating by splitting the difference between the two positions. This approach would not have worked since the photocopy machine cannot be split so that each side gets a piece of the machine. Collaborating: This option is the right option to take in this particular incidence. It takes on the approach that in a conflict setting each party can come out with their heads held up high. It calls for a developed skill set of conflict resolution that is based on mutual respect, creativity in finding the solution and the willingness to listen to others. This is what I did and every person came out a winner. References In Novais, P., In Carneiro, D. (2016). Interdisciplinary perspectives on contemporary conflict resolution. Hershey: Information Science Reference. Mayer, B. S. (2012). The dynamics of conflict: A guide to engagement and intervention. San Francisco: Jossey-Bass.

Supreme Essay Essay Example

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