Friday, May 15, 2020

Forms and Classification of Online Business - 1729 Words

Forms and classification of online business According to (Adam, Z.R.), the major different types of e-commerce (B2B) Business-to Business, (B2C) Business-to-Consumer, (B2G) Business-to-Government, (C2C) Consumer-to-Consumer and M-commerce which is mobile commerce. Business-to-business is simply e-commerce that is present between two businesses. It is said that it is the fastest growing type of e-commerce, much faster than B2C. It is a type of e-commerce wherein two businesses transact with each other online. About 80% of online businesses are of B2B type. Business-to-consumer is e-commerce between companies and consumers. It is the second largest in growth and numbers among the types of E-commerce. It basically is interactions†¦show more content†¦This requires a higher investment compared to other business models since additional cost through shipping products, payment processing, customer service and etc are accumulated. Creating a website for online business According to Poo (2008), in creating one’s website for business purposes, the first step is to determine one’s goals on what will one use the site for? Is it for retailing or purely marketing website? These are some things that need pondering before designing a website to make it an effective website. By brainstorming and finding out the main goals, determining the genre of the website is the next step. This will determine the pros and cons of the website. There are four genres of websites which are the sales or retailing, marketing, information and a web-based application. Poo (2008) describes that retailing or sales website it focuses much on a lot of pictures, sporadic text on product descriptions and these sites are very user friendly and easy to navigate. However, one disadvantage of retail websites is that they are not usually recognized by search engines and one way of counteracting that and bringing in traffic is making use of affiliate programs. Marketing websites compared to retailing websites is that it is designed to sell a product and one product only. Marketing website is very easy to design which feature mostly text and a few images. What is greatShow MoreRelatedStereotyping in Marketing: Good or Bad?1413 Words   |  6 Pagesgroup. You and the team leader exchange business cards. You ask for his cell phone number. Before jotting it down you grab a yellow sticky note to write the number on, you know not to write it directly onto the card. How did you know that it is a proven marketing fact that Asians love the scent of orange? Or that they prefer a team work atmosphere to working alone? Or that to write on an Asians business card is deemed disrespectful? Or that bowing is their form of hand shake? All of these details areRead MoreE Commerce And Its Impact On Waste Management765 Words   |  4 Pagese-commerce limited the confidence of companies in terms of Internet-based business integration (Prasad et al., 2000) . The research by Quayle (2002) revealed that small and medium enterprises (SMEs) in the UK would generally focus on waste management rather than adopting e-commerce. Moreover, some critics even predicted an imminent collapse of e-commerce (Wallace, 2000). Surprisingly for the oppositionists, wide use of e-business initiatives has proved its impact on waste management with the adaptionRead MoreGeneral Contractor Licensing For Virginia953 Words   |  4 Pagesyou plan to undertake. The board will determine what caps are placed upon your business accordingly. Local laws for specific cities and counties may also apply. What Kind of License to Get? There are three distinct license classifications in the state of Virginia depending on which criteria your company meets. 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Then, we will talk about blogs, the effect of bloggers on the fashion industry and the last part of this chapter is related to consumer behavior. Social media are the online means of communication, conveyance, collaboration, and cultivation among interconnected and interdependent networks of people, communities, and organizations enhanced by technological capabilities and mobility. Like traditional media, social media include several channelsRead MoreCyber Crime And Criminal Justice1420 Words   |  6 Pagesused in the commission of a crime, or it may be a target. The Internet has turned into the hotspot for various sorts of wrongdoing and distinctive approaches to perform these violations. The most common cyber crimes are hacking, illegal or prohibited online content, cyber stalking, identity theft, attacks on computers, child soliciting and abuse. Hacking is any sort of wrongdoing wherein an individual computer is broken into so that his own or delicate data can be accessed. Hacking is a serious offenseRead MoreThe Labor Market Of The Labour Market1403 Words   |  6 Pagesbe in the business marketing sector such as Commercial Marketing and will be analysing the labour market within marketing and distinguish what the influences change in the labour market concerning marketing. Location of the job would preferably in the London districts mostly central London. Current labour market trends have to be thoroughly and constantly analysed to get a perspective on how they affect the labour supply and demand on certain areas such as marketing and other business sectors yearlyRead MoreTechnical Features Of Social Media Marketing1417 Words   |  6 PagesFeatures related to Social Media Marketing Another key metric for small business owners to analyze is source or referral data. Traffic source data provides the web marketing with an in-depth look at the variety of ways users arrived at your business website. There are four main source metrics an analytics user can investigate. The first is direct traffic. This displays the volume of users who directly accessed the business website either through typing the domain name into their browser, from aRead MoreBusiness Systems And Process / Operations Management1646 Words   |  7 PagesBSS001-2 Business Systems and Process/Operations Management ASSIGNMENT – INDIVIDUAL ASSIGNMENT (Databases) I. A Database is a collection of information that is organized so that it can be easily accessed, updated and managed. Databases can be classified in order to the type of the content: full-text, bibliographic, images and numeric. For any organisation a database in needed to track information about people, clients, including people who support or who might support their programs and servicesRead MoreNotes On Web Usage Mining1615 Words   |  7 Pagesdivided into 3 phases. 2.1.1 Usage Preprocessing Referral logs, index server logs, Web server logs etc, can be considered as input for usage preprocessing phase. Output of this phase would be either transaction file, user session file or page classifications. The usage preprocessing probably is the most difficult task in the Web Usage Mining processing due to the incompleteness of the available data [5]. The session identification is also a part of the usage preprocessing. The goal of it is to divide

Wednesday, May 6, 2020

Human Trafficking - 1806 Words

Human Trafficking Many women and young girls dream of having a better life. They are willing to travel across the ocean to other countries that would offer them better opportunities. One of their main goals is be able to provide for themselves and their families financially. However, in their lifetime they could never imagine that their dreams would be shattered by a horrendous act called human trafficking. Every year, these unfortunate victims are either lured, sold, or forced against their will into a black-market of human trade known as human trafficking. Human trafficking is a global phenomenon and is the criminal commercial trade of human beings. This act exploits human beings in involuntary acts such as forced labor,†¦show more content†¦Although, many of these victims accepted job offers from traffickers voluntarily; many of the victims were kidnapped, drugged, threatened with violence or sold against their own will. In one case, the victims own families have sold the m to the traffickers against their will. In one instance, a mother sold her 13-year-old daughter to a trafficker who had her employed as a prostitute in Dubai. She was discovered by the police and deported back to Azerbaijan. She worked as a prostitute for another three years and became pregnant. She had contracted AIDS at the time and unfortunately gave birth to a HIV-positive baby. (U.S. Department of State, 2006) This case is one of many thousands cases that have occurred in human trafficking. The victims who are forced into prostitution serve as many 8-10 men a day. Moreover, they are coerced to work in sweatshops with very little or no pay and under horrible conditions. The victims must hand over the little money that is made to the traffickers. If they refuse, the traffickers will do bodily injury to ensure submission. In addition, the traffickers may resort to sexual assault, rape, physical abuse, starvation and other methods of torture. There are cases where traffickers lock up their victims in a small room to ensure that they do not escape. These victims had endured unimaginable conditions. Prostitution had left them with physical, sexual, and psychologicalShow MoreRelatedThe Trafficking Of Human Trafficking1061 Words   |  5 Pagesare approximately twenty to thirty million slaves in the world today. Unfortunately due to trafficking being a fast growing crime it is very difficult to identify and locate these organizations and victims. Although there are many groups created to support victims, not enough awareness is being made and not enough action is being applied to stop human trafficking. Sex trafficking is a form of human trafficking that has been a worldwide issue since ancient times, but regularly forgotten, due to it beingRead MoreThe Trafficking Of Human Trafficking886 Words   |  4 Pages(Attention catcher)What if somebody came into your life and guaranteed a better lifestyle, but instead you were enslaved into human trafficking? Human trafficking is when a person is abducted from their current situation and mostly likely used for sex slavery. Furthermore, did you know human trafficking increased over the years? (Listener relevance) Although you may not be as aware in your comfortable surroundings, you should always be aware of suspicious vehicles and people. Even though we enjoyRead MoreThe Trafficking Of Human Trafficking930 Words   |  4 Pagesman. Regardless of the reasons, there are nearly 30 million victims of human trafficking globally. There are more slaves now than ever before. Trafficking of persons is not a subject that should be ignored or tak en lightly. In order to fully understand the enormity of this crisis, we will examine the root causes, facts, and the impact of human trafficking throughout the world. There are several factors to why human trafficking exists: poverty, governmental instability, natural disasters, addictionRead MoreThe Trafficking Of Human Trafficking3494 Words   |  14 Pagesended, never to return, they go back and sneak into our communities in severe forms by human trafficking crimes. When humanity eliminated the phenomenon of human slavery, it returned in different pictures and forms, combining them enslaving people, through the recruitment, transportation, transfer of people by force and threat, and using and exploiting them in different ways. Among the victims of human trafficking crimes, there are those who are subjected to sexual exploitation, labor exploitationRead MoreHuman Trafficking And The Trafficking901 Words   |  4 PagesHuman Smuggling and trafficking continues to be a worldwide plague that has been, thus far been largely ignored by the international community. The paramount reason human trafficking and smuggling has festered and grown roots and spread globally. It started as a grassroots effort on the local level where women and girls (it affects boys as well) would be used and sold for sex. Eventually, greed and corruption tagged along for the ride and at that point the crimes became an organized enterprise. AtRead MoreThe Human Of Human Trafficking Essay1235 Words   |  5 Pagesin 1865, the practice of it is still very alive today. Human trafficking, a form of modern slavery, is the buying and selling of people, whether it s for forced labor or commercial sex. Every year, thousands of adults and childre n, especially girls, are forced into the endless trafficking ring. â€Å"The International Labour Organization estimates that there are 20.9 million victims of human trafficking globally† (â€Å"The Facts†). The human trafficking industry is a worldwide network that is worth an estimatedRead MoreThe Trafficking Of Human Trafficking Essay1752 Words   |  8 PagesIn this essay, the history of human trafficking will be examined, followed by who is affected by trafficking. Next the scope and types of exploitation will be discussed. Human trafficking is an issue that affects countries all over the world. Governments have made an effort to curb trafficking, however these efforts have been very narrowly focused. American ignorance has led to poor handling of the issues by policy makers. Finally the essay will discuss a proposed solution and set some goals forRead MoreHuman Trafficking1355 Words   |  6 PagesRigdon November 16, 2014 Human Trafficking and its Dire Effects. Human Trafficking in the United States is something not a lot of people discuss. Most think it is only something that happens in third world countries, but in fact could be happening in their hometown. According to Protocol to Prevent, Subdue and Punish Trafficking in Persons, human trafficking in the modern world entails transfer of persons by use of applied force. Other methods used to enforce the trafficking include use of deceptionRead MoreHuman Trafficking And Human Sex Trafficking1850 Words   |  8 Pagesof human sex trafficking come to one s mind. The United States of America is not immune to this type of horrific behavior. America is the land of the free and yet something as awful as human sex trafficking occurs in our very own backyard each and everyday. According to the Department of Homeland Security the definition of human trafficking is â€Å"modern day slavery that involves the use of force, fraud, or coercion to obtain some type of labor or commercial sex act† (â€Å"What Is Human Trafficking?†)Read MoreSex Trafficking And Human Trafficking Essay1243 Words   |  5 Pages Human trafficking brings in billions of dollars into the U.S and all around the world. â€Å"The prime motive for such outrageous abuse is simple: money. In this $12 billion global business just one woman trafficked into the industrialized world can net her captors an average $67,000 a year† (Baird 2007). The laws around human trafficking are not strict and vary depending on what country it is happening in. Human trafficking is not something that is strictly foreign, it

Tuesday, May 5, 2020

Ethical Dilemma in Global Health Care

Question: Describe about the Ethical Dilemma in Global Health Care? Answer: According to answer of administrator of healthcare organization, there are several ethical dilemma that faced by the healthcare companies in the world. According to the administrator, following are the key ethical dilemma in global health care organization such as Access to care: According to Lysaught (2012), lack of access is the biggest issue for the country. Majority of companies in the world never maintain or implement the Affordable Care Act within their healthcare system. Gulzar Karmaliani (2012) stated that basic care is the primary key or hallmark in the civilized society. Therefore, major companies in healthcare industry unable to maintain primary care treatment of their patient with too much care. In most of cases it has been seen that patients has to fulfill the criteria End of life issues: As the population of world grows, end-of-life issues also grow. Majority of healthcare organization in the world is making their decision in order to achieve higher profit. Therefore, majority of companies in healthcare industry never maintain specified formula for making life-protecting medicine. They use un-prescribed drugs in their medicine. The administrator that, care of the dye is one of the richest parts in the operational process of healthcare organization has identified it. According to the administrator, treating with the pneumonia of pneumococcal with the penicillin becomes the high demand. However, most of the organization in healthcare industry in the world takes wrong steps for ending the life of person. Life of the person is measured by the value of costs in these days in healthcare industry. There is no place of quality of life for consideration. Treatment of someones life is based on the living standard in these days of healthcare industry. Limited Donor Organs and Medications: For the manufacturer in healthcare industry, medication shortage is the common issue. Due to low economic incentives, medication shortage often happens. Gulzar Karmaliani (2012) argued that there are several intravenous medications that are relying tend of generics for low profit margin. It is also one of the biggest ethical dilemmas in healthcare sector. In early days, majority of people donate their organs after dying. However, in these modern days, no such people whom willing to donate organs after dying. Government of different countries survey in different part in their own region and motivate people for donating the organs after dying. Care Quality: In the world, healthcare organization is facing huge challenges in terms of balancing quality of care. Lysaught (2012) cited that healthcare organization in the world could not efficiently maintain their safety and quality in taking care of patient. In order to make more profit, manufacturers in healthcare industry use high amount of drugs that derive wrong values in healthcare system. It has been identified that percentage rate of safety and quality issues in hospitals increased day by day. In the research report of Ache.org, 2015 identified that in 2012 quality issues was 4.4. However, in 2014 increased to 4.7. The quality of care damages due to bad relationship among the employees within the working environment of healthcare industry. Reference List Gulzar, S., Karmaliani, R. (2012). Sexual Abuse: An Ethical Dilemma of Autonomy vs. Beneficence and the Role of Healthcare Providers in a Community Setting. Asian Bioethics Review, 4(3), 198-209. doi:10.1353/asb.2012.0021 Lysaught, M. (2012).On moral medicine. Grand Rapids, Mich.: W.B. Eerdmans Pub. Co. Ache.org, (2015). Retrieved 2nd February 2015 from: https://www.ache.org/pubs/research/ceoissues.cfm

Sunday, April 12, 2020

An Online Degree This Coming Summer Essay Example

An Online Degree This Coming Summer Essay Example An Online Degree This Coming Summer Essay An Online Degree This Coming Summer Essay The summer months are generally a season reserved for relaxation, family trips, and perhaps the pursuit of a warm weather hobby that we have more time to enjoy. But for others, the summer months are a time in which more significant goals can be met – especially when the days are longer, and people have more energy to set out plans that can be met without the pressure of the holidays and dreaded winter blahs. For those seeking to pursue educational goals, the summer offers a perfect time to begin the pursuit of an online degree. With no need for travel, no requirement to sit in class, and the only resources needed a computer and the assigned books, students find that an online degree can be worked towards steadily during the summer when there is more time to spare. In fact, with laptop computers an ever popular possession, students are literally able to work from anywhere – logging on from the beach, from a family vacation spot, or simply from their backyard where they can they can work diligently and still enjoy the warm weather with their family and friends. The pursuit of an online degree differs from traditional degrees only in location. Online degree programs generally adhere to the same syllabus as traditional classes; the only difference is that students logon to complete assignments, required reading, and even to take tests. Many will find that the flexibility offered through online degree programs allows to them to work more productively as they are working during time periods that are most convenient for them rather than trying to fit school into an already busy schedule. Further, the summer marks the perfect time to begin the process of earning an online degree as students can take just one or two classes rather than feel it necessary to load up on classes. With online degree programs students can have their cake and eat it too – school and the warm days of summer.

Wednesday, March 11, 2020

The Holy Spirit Moves Us To Repent †Theology Essay

The Holy Spirit Moves Us To Repent – Theology Essay Free Online Research Papers The Holy Spirit Moves Us To Repent Theology Essay â€Å"That is what Pentecost is all about – freedom – from the burdens of life and the burdens of self. And if you don’t have that freedom, then you have not yet had your personal Pentecost. You have not met the risen Christ and received his power. This quote is found on page 54 of Half-Wits. Father Peter is giving a speech essentially about life and how each and every one of us can choose how to live it. There are two different states of living – the way Father Peter is living his life and the way Fitzsimmons, up until this point, has been living his life. Father Peter is living, as he says, â€Å"free from the burdens of life and the burdens of self† (54). He also says that his life has meaning and that he is a happy, joyful man (54). He has been rid of fear, despair, and anxiety all because of the â€Å"personal Pentecost† he refers to. Fitzsimmons, however, has not yet experienced that freedom or that personal Pentecost so he still experiences fear and despair, because of which he has allowed himself to become numb and had decided to close off from the world. Father Peter is different from Fitzsimmons because he has allowed himself to be open to the power of God. Father Peter realizes he is just a man. He has come to terms with the existence of evil and has turned himself over to God for help overcoming that evil. When he realized that God was the only one who could overcome the evils of the world and asked for his help, he became free from those evils and became a happier man. It isn’t until page 272 in the novel that Fitzsimmons truly experiences this: â€Å"†¦Fitzsimmons began to be aware of a tremendous sense of release. It was as if a great catharsis had taken place and all the weight of his past life had been lifted from him. He was, he knew, free of the burden of the deaths of Eileen and Sarah, and he was free of the foreboding that Sarz had caused him. He was also free, to some extent, he realized, of self.† This is where Fitzsimmons finally begins to experience his own personal Pentecost where he can be freed of all the burdens of his past, present, and future. The personal Pentecost can be achieved only once we realize God’s power and our need for his help. We learned that the divine trinity – the Father, the Son, and the Holy Spirit – creates, redeems, and sanctifies. Through this, we can experience trinification and be made members of the Body of Christ. In addition, the Holy Spirit moves us to repent, which is related to the personal Pentecost. When we taste the Father’s pain and submit to it, we are repenting and this is essentially what Fitzsimmons finally does. He has had a lot of pain and suffering in his life and it is only once he finally gives in and submits to it that he can experience true happiness. This kind of happiness is different from what he had before with Eileen, which he says himself was shallow. Prior to this transformation in him, Fitzsimmons was guilty of sloth, one of the deadly sins. As we also learned, sins are the expression of our desire to kill Christ. Once Fitzsimmons goes through his personal Pentecost and repents, he is forgiven for his sins and can now be free from his previous bur dens. That is the true meaning of this quote. â€Å"Hey, Jay,† he said excitedly, â€Å"Blessed are the half-wits, for theirs is the kingdom of heaven.† The next quote relates to what we have learned about the Beatitudes. In this quote, Tommy is relating the half-wits to what the Beatitudes say about the meek, the poor, etc. They are similar because one would probably consider a meek or a poor person to be on the same level of happiness as a half-wit. It may often be the assumption that they could never experience what we consider to be happiness. However, the Beatitudes present us with a paradox, a challenge, and a timeliness that prove this fact to be wrong. The first thing we are confronted with is the paradox of the Beatitudes. A paradox is a seeming contradiction – the statements in the Beatitudes seem crazy, but they are true. Pinckaers discusses this on page 33 of The Pursuit of Happiness: â€Å"As for ourselves, don’t we honestly think that riches, joy, health, and a good reputation will make us happy? Don’t we spontaneously seek these things and reject their opposites?† The Beatitudes are actually the opposite of what society tells us we need to be happy. Ultimately, they force us to look inside ourselves and this is when we can find the bottom rock and realize our need for God. There is also a challenge in the Beatitudes. The challenge is this: many people are living their lives on cruise control, thinking they have it all. What both the Beatitudes and the events they discuss (poverty, tragedy, etc.) force us to do is stop and think and essentially reevaluate the way we are making sense. The Beatitudes confront us with the â€Å"realities of existence and show us what lies in our own depths† (Pinckaers, 35). In this confrontation, we are sent inward and challenged to find joy and find God even in the worst situations. It dares you to believe Jesus’ seeming paradox. The Beatitudes also have a timeliness about them. Poverty, meekness, and sadness – these are all things that speak to all people of all times. They are not problems of the present or the past; they are problems all people must face. Pinckaers refers to them as â€Å"questions which have constantly recurred throughout history† (37) and this is something that will always be true, so the Beatitudes will in turn always be true. In the reading of Half-wits, Fitzsimmons is someone who seems to epitomize the Beatitudes and Tommy may have been pointing him to this in his statement. Fitzsimmons was broken and forced to look within himself in order to find meaning in his life again. When he was with his first wife, the relationship was shallow – it was not true happiness. It was only once he lost it all and experienced many of the things mentioned in the Beatitudes the he was able to start to come to terms with the bottom rock and ultimately find true happiness. On page 147 in Half-wits, we see Fitzsimmons at his ultimate low when he seems to have lost everything: â€Å"I cannot put the events in sequence. The moment I saw the blood something happened to my mental process. Perhaps I went a little mad, or maybe it was shock†. For a long period after his trauma, Fitzsimmons was walking around numb. It is only once he lets down his guard and allows himself to experience the pain and deal with it that h e can truly start to live again and find the happiness the Beatitudes are talking about. In addition, he is now in a place where he can realize his need for God and the fact that thing most worth crying over would be losing our relationship with Him. â€Å"I had second thoughts,† she said. â€Å"I was wrong.† Fitzsimmons extended his arm; she came to him and clung to him. â€Å"Thank God for second thoughts,† he said. This quote relates to what we talked about the very first day of class. The bottom rock and making sense of our lives are foundations to moral theology and Christian thought. When we go about our daily lives, we are continuously making sense. We do things such as brush our teeth or our hair and all the while we are making sense. We learned that doing this presupposes the fact that it makes sense to begin with, so this points to something beyond us, independent of our mind and will, that our making sense must lean upon. This thing is the bottom rock. The â€Å"second thoughts† mentioned in this quote come in when something in our lives interrupts our making sense. Sometimes things in our lives happen that cause us to reevaluate the way we are â€Å"making sense† – this is the activity of ethics. For Fitzsimmons, his experiences with Sarz and Amy caused him to reevaluate the way he was making sense, or have a â€Å"second thought†. Amy also stopped to reevaluate the way she was making sense. The novel itself shows us four different people, two of which know the foundation of their lives (Father Peter and Sarz), and the other two who are unsure (Amy and Fitzsimmons). The second thoughts are necessary parts of life to further connect us with the bottom rock. Without this questioning, many of us would continue making sense of our lives in ways that didn’t make sense. Research Papers on The Holy Spirit Moves Us To Repent - Theology EssayPersonal Experience with Teen PregnancyLifes What IfsThe Effects of Illegal ImmigrationBook Review on The Autobiography of Malcolm XArguments for Physician-Assisted Suicide (PAS)Effects of Television Violence on Children19 Century Society: A Deeply Divided EraCapital PunishmentAnalysis Of A Cosmetics AdvertisementCanaanite Influence on the Early Israelite Religion

Sunday, February 23, 2020

Objectives to Advance Coca-Colas Financial Situation Assignment

Objectives to Advance Coca-Colas Financial Situation - Assignment Example The company is also set to be a responsible citizen on earth through the preservation of the environment. The company’s overall commercial strategy is to become a leader in business through passion, genius collaboration, Integrity as well as diversity. The company is also set to act quickly in a qualitative manner and remain responsive to change. Conclusively, the ventures of the company are to ensure efficiency in the daily operations. The overall strategy is to work smart with a focus on the current and future market vicissitudes. The company has a role of publishing annual reports on the company’s online website on Formula 10-K. The form thus publicizes the financial performance of the business on a yearly basis. The company being multinational has its operations spread over two hundred countries all over the world. In conclusion, the coca cola institution is one of the most efficient companies about protection of the company’s beverage and food formulae. The marketing strategy of the enterprise is also a no match in that the company experiences a massive following after every market venture. The institution  requires venturing into other market approach strategies. However, the company is still a leader in business, especially on the international scene. The company significant financial venture is in the increase of equity income and total revenue per share. The above objectives are also useful in the establishment of more taxes for shareholders, the owners, employees as well as partners.

Friday, February 7, 2020

The British Economy Essay Example | Topics and Well Written Essays - 1500 words - 6

The British Economy - Essay Example A fixed exchange rate system as the name suggests, is a system in which the country in question is striving to prevent the exchange rate of the currency to change with the change is balance payments of deficits. This is a system which needs other accompanying systems to make it work (Pitt, 2001). When this system is to be implemented, the government uses certain measures and implements some specific rules. Usually, these rules include the fact that when interventions in the foreign markets are made, there should be macro-economic adjustments so that the income which is spent on imports is reduced. Along with that, protective tariffs are imposed so that the number of imports can be reduced to a desirable level. This system also includes some rules in which there is a restriction on the amount of foreign currencies that can be bought (Barro, 2008). The reason why a fixed exchange rate is used is that it provides certain benefits for the exporters. The basic reason why the exporters benefit from a fixed exchange rate is that there is greater certainty of the rates and the income which would be ultimately received from the export. The exporters have to take lesser risks and can guarantee results that would be more or less near to the things which are predicted (Pitt, 2001). The fixed exchange rate also enables the domestic firms and their workers to make them more disciplined. They enforce the idea that the costs of the company should be kept under a strict balance because that is the only way in which the company is able to compete in the international market. When the domestic firms are watching their costs, the government is able to control inflation and that in turn would control the interest rates (Barro, 2008). The years 1876 to 1913, were the ones in which the rate of a currency was established on the basis of that currency’s comparative conversion into an ounce of gold. This