Category Archives: manufacture

Why Social Media Advertising Is Important For Your Business

People all over the world use platforms such as Facebook, Twitter and YouTube. You only have to look at the stats to realise the impact of using these platforms for marketing. But do you have to use your online presence to maximise your profit?

In our modern, technological world, having an active social media presence is considered essential to building your brand’s visibility. By not using websites like Facebook as a marketing tool, you could be missing out on potential custom and revenue – particularly if you already have a website from which you intend to sell your products or services.

Nevertheless, you may be unconvinced about the impact that social media could have on your business and might need a little more persuading. In order to learn more about why this marketing method is so successful, read on to discover more.

Not everybody knows this, but social media posts can actually be used to drive targeted traffic to your website or blog. Well-placed posts can make all the difference between 1- people seeing your new page, and 1000 people seeing it. Not only that, but by using these popular platforms, you can actually control who sees it and who doesn’t.

What’s more, search engines like Google know which sites are being regularly visited and which have been neglected. This is what makes SEO so effective – and regularly using social media for business will boost your site’s SEO, earning it a higher place in search engine results.

Not only will you receive more customers by effectively managing your social media accounts, but you will also be able to communicate with them more directly. These days, many people are hesitant to pick up the phone or write you e-mail about something when they can just post it in 140 characters in half the time.

So, by not using your Facebook or Twitter page as a company resource, you’re missing out on valuable feedback from your customers – as well as great reviews that you could be citing on your website to attract future customers.

Communication is essential to any successful business, and by using Twitter or Facebook you will become more connected to your customers and even your competitors. The old saying ‘keep your friends close and your enemies closer’ really applies here – except they shouldn’t become your enemies, you can learn from their successes and failures.

Using these platforms will also enable you to respond to problems immediately. Unlike a letter or e-mail that could sit in your inbox for weeks, you’ll know straight away if a customer has complained or spread false information about your brand. This is a double-edged sword, of course, and it makes complaint handling more crucial than ever.

You can also use these sites as a tool for connecting with other complementary, non-competitive businesses, as well as journalists who cover your industry. Instagram is great for this, and isn’t just about posting photos as many people believe. You can really make connections using these platforms.

You also stand to gain more of an audience through users ‘reposting’ or ‘retweeting’ messages, particularly if they are interesting. It pays to be creative here, but don’t hassle your followers with annoying posts. You’d be surprised how many people will respond with a retweet if you simply reply to their complaint or positive comment with class.

Lastly, a strong social media presence will increase your brand loyalty. When you’re actively engaging and interacting with your audience, you’re able to form more personal relationships with your customers in a shared space.

How To Maintain Technology In Your Business

Whether you like the idea or not, most businesses today survive primarily because of modern technology. Technology is used in business for keeping records, receiving payments, paying workers, and a lot more. Even small businesses today rely on technology to further advance their cause. If there is one challenge regarding technology in business, it is in the area of upgrading and maintenance, because it requires not only a budget but also a lot of patience in your part as the owner.

Not all people can easily go with the flow of high-end computers and complicated office machines. If you are one of those people, it is important that you list down all high tech equipments and machines you have in your office and learn how to operate each one of them. Familiarize yourself with computer software and programs as well, especially those that are used for database.

Organizing a technical support team is a good idea. Look for an IT expert to lead the team in making sure that every office equipment is working at full potential and that the system has zero loopholes as possible. When assigning a person to lead your tech support team, consider not only his skills and knowledge concerning business technology but also the quality of his experience as an IT expert.

Set aside a time each week and each month to have your system checked by your tech support team or by yourself. Have someone write a report regarding the check up to be submitted to you for evaluation. The feedback should contain information regarding the status of the system and if a software or hardware needs to be upgraded or not. Moreover, encourage your workers to report glitches as soon as possible.

Finally and most importantly, create a budget for the maintenance of your business technology. Avoid the mistake of waiting for equipment and system problems to become serious before deciding to spend money for repair. The best thing to do is to dedicate a certain amount of money for maintenance and repair beforehand. Doing this will help you prevent major setbacks and help you save money in the longer run.

There is absolutely no easier way to advance your business than with careful planning and preparation not only in the promotion of products itself but in the logistics and essential organ of the business body as well which is business technology.

Top 10 Financial To-Do List For Newlyweds in Today’s Economy

Recently married and having trouble organizing your finances with your spouse?  You are in luck!  We have put together a top 10 financial to do list for newlyweds to use as a reference. 1. Full Financial Disclosure Most importantly, share with your spouse your current financial condition, spending habits, financial expectations & vice versa.  Communication of this important information is crucial to forming a strong partnership with your spouse.  If this information is kept secret now, the stage is being set for financial disaster in the future.  For instance, not knowing that your spouse has a low credit score could lead to your debt being combined with their debt which in turn lowers your credit score.2. Budget to Reach Financial Goals Most newlyweds make the major mistake of not constructing a budget to reach key financial goals.  Don’t let this become you.  Without a budget, it is very difficult to achieve financial freedom that every couple strives to achieve after marriage.  Make sure you construct a yearly family budget to account for fixed expenses (i.e. mortgage payments, household & food expenses), discretionary expenses (travel, shopping, & substantial purchases) while also allocating some funds for purchasing a home, raising a child, paying for college, planning a wedding, retirement & in case of a emergency (refer to bullet #3).

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3. Maintaining an Emergency Fund Set aside extra cash (~6 months of living expenses) in the event that your family experiences a financial hardship caused by sickness, death, divorce or getting laid off.4. Planning to Pay Off Debt It is crucial that you and your spouse evaluate each other’s debt levels (credit card, student loan, other loan) and credit scores so that you can put a plan in place to make monthly payments and reduce overall debt.  By strictly following a plan, getting a mortgage approved in the future will be easier.5. Naming Beneficiaries & Updating Wills After marriage, you should evaluate the named beneficiaries of your insurance policy & retirement accounts as well as if you are a beneficiary of someone else’s policy.  Also, in the event that you have to divide assets due to death, it’s always important to create or update an existing will.  However, please note that the beneficiaries you designate for retirement accounts (IRAs & 401Ks) & life insurance takes precedence over those you name in your will.6. Review Insurance Coverage Plans Review your and your spouse’s life, health, auto, & homeowners insurance policies since one spouse’s coverage maybe better than the other.  For instance, health insurance coverage can vary drastically, so be sure to take advantage of the plan that offers the best coverage for both of you.7. Explore Accountants, Financial Advisors & Lawyers Whether you have or don’t have an accountant, financial advisor or lawyer, you and your spouse will undoubtedly need to make a decision on one for the future.  When choosing a professional advisor, it is ALWAYS important to do your homework & obtain multiple recommendations from friends and family.  While your spouse maybe very content with his/her lawyer, you should still seek other references before agreeing to also use the same lawyer.8. Tax Preparation When thinking about how you & your spouse want to file for taxes, there are number of factors to consider such as your state of residence and each spouse’s income level.  Generally speaking, it is more tax advantageous to file as married filing jointly than married filing separately.  An instance where it may not make sense to file jointly is if your spouse has significant liens against him or her.

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9. Evaluate Checking Account Options The options are generally as follows: 1) maintain a separate checking account from your spouse, 2) open a joint checking account, or 3) setup a hybrid checking account system.  A separate checking account is generally recommended when one spouse has any one of the following: liens against him/her, excessive debt levels, or is not financially responsibly.  A joint checking account is the most common option because it is convenient and allows for spouses to more easily monitor cash flow together.  The hybrid checking account is another option whereby a joint checking account is setup to pay for necessary expenses such as household expenses and two separate checking accounts are maintained by each spouse for spending money purposes.10. Last Name Change (If Applicable) While it may appear rather trivial, changing your last name on your social security card, driver’s license, passport, & credit/checking accounts is very important since it is a key personal identifier for your financial records.

The Role of Managing General Agents

Managing General Agents (MGAs) are leaders of the wholesale insurance market place and function as an intermediary managing the relationships among policy holders, retail producers and the insurance carriers. These agents provide underwriting and administrative services and have the authority to accept and appoint placement from retail agents on behalf of the insurers they represent. Generally, MGAs market more unusual coverage, such as professional liability, for which a particular expertise is required. Insurers benefit from MGAs where such expertise is not available within the company and would be costly to develop.

The purpose of MGAs hired by insurance companies is to supervise their business in a particular territory and they are often referred to as wholesalers, but in no way do they compete with brokers and do not deal with customers directly. MGAs have a unique relationship with their carriers. Depending on the relationship, a MGA may perform tasks normally performed by an insurer; which include, handling claims, issuing policies, sub-contracting with independent agents, collecting premiums and negotiating commissions to name a few. As agents of the insurer, they perform the basic insurance functions for the carrier of underwriting and policy issuance.

According to the American Association of Managing General Agents, an MGA can be used in any line of insurance and includes insurers who are “admitted or not, direct or otherwise, broker or agent system, contract/appoint or open-broker sub-production, or any combination of these.” Typically, MGAs are utilized most in the excess and surplus lines insurance market, but are also found in the commercial and personal insurance market.

When thinking about how MGAs work, it’s best to consider traditional insurance market access where it flows from the insurance company to the retail agent and finally to the insurance buyer. Now consider how the surplus lines market access flows. It works in much the same fashion with one major difference. The MGA acts as the intermediate between the insurer and the agent. In this way, market access flows from the insurance company, to the intermediary, the retail/out of state agent and finally to the buyer.

MGAs are generally entitled to a contingency commission on all business written within their territory. They take a percentage of the commission that would usually go to the producing insurance agent. Being an MGA means personal accountability as well as responsibility for producers. MGAs take on the significant costs involved in being a wholesaler and the investment needed to succeed.

Does Your Pool Cue Matter? The Truth About Modern High Technology Pool Cues

I started playing pool at the young age of 7 years old, during the winters growing up in northern Maine when the temperature reached 50 below zero and it was too cold to ski. The rec room at Loring AFB had a couple of pool tables, and as a very athletic kid I had a natural curiosity about the game, and after watching a few games I was invited by one of the airmen to play a game with him. He showed me how to hold the cue stick and make a bridge, and got me a little wooden box to stand on so I could reach the table. It didn’t take long for me to become addicted to the game, and soon invited my friends to play. We spent many a cold winter day inside that rec room, playing for hours, making up our own rules and games, and eventually even betting nickel candy bars on the outcome. Yeah, we were big spenders!

When summer hit, we put the cues away and played baseball all day long. My dream, since I was 5 and saw the Dodgers play in Los Angeles several times before my dad was transferred to Loring, was to be a pro baseball player, and I eventually got a baseball scholarship to college in Texas, where my dad retired in 1966. Through the years, every spare hour not spent practicing baseball was spent in a pool hall, and after my baseball career ended with a torn pitching shoulder, pool became my number 1 interest. I won my first tournament when I was 17, at a bar that my sister worked at, and won a cue stick as first prize. I was thrilled beyond belief, until I screwed the stick together and rolled it across the table. To my horror, it rolled like a corkscrew, being so warped as to be unplayable! Back to playing with a bar stick!

For the next 20 years, I hustled pool where ever I was working at the time. I drilled oil wells all over the country, and made as much money hustling the roughnecks after their shift as I did from my salary. As a mud engineer, I was responsible for checking many different rigs daily, and got to know, and play against, hundreds of different pool players each year. Moving around the country to different areas on a yearly basis, I was able to keep under the radar and remain a relative unknown, so it was never any trouble to get a money game going. I don’t think I ever met a roughneck who didn’t play pool, and most of them had a pretty high opinion of their game. That usually changed when it came time to pay up!

In 1989 I met the Alexander brothers on a golf course in Dallas. Nick, a lawyer, had founded Clicks Billiards many years before, and now had a total of 20 pool halls from Phoenix to Florida, with his original pool hall right there in Dallas at Abrams Rd. and Northwest Highway. Greg, his brother, was the General Manager, and responsible for hiring managers for all 20 of their pool halls. By this time I had retired from the oil business, and made my living on the golf course and pool halls every day. Greg and Nick were both members of Sleepy Hollow Country Club in south Dallas, where I hustled golf every day. Greg was a 3 handicap, and after I had played with him 3 or 4 days a week for several months ( and took quite a bit of money from him), he asked me if I played pool. Heh heh heh. “A little bit”, I said, and he took me that night to the original Clicks Billiards, to try to win a little of his money back.

After he paid up the hundred I beat him out of that night, he offered me a job, as assistant manager of the original Clicks. He knew I had never bar tended before, but assured me I would pick it up quickly, and would fit right in with the pool players who made up their core customer base. Was he ever right! I took to it like a duck to water, and ended up meeting most of the best pool players in Dallas, and some of the best in the country. Clicks had several exhibitions, including one by Grady Matthews, and one by Ewa Mataya, the Striking Viking. Clicks was also where I met CJ Wiley, the road player who won the ESPN Ultimate Nine Ball Challenge in 1995 or 96. There were many, many top notch professional players at Clicks, with many a $1,000 game of one pocket going on day and night, with lots of major Dallas bookies bankrolling a lot of the action, and sweaters on the rail by the dozens, just watching…or praying, lol.

CJ rolled into Clicks in 1990, and proceeded to terrorize the local pros. He was an instant legend, steamrolling every major player in town. Guys who scared the dickens out of me would not even touch CJ when he offered them the 5 and out. His rep grew, and his ranking did too, eventually reaching #4 or 5 in the world of Pool. Working there, I became fast friends with CJ, and when he opened up his own room in Dallas, CJ’s Billiard Palace, I eventually quit Clicks and went over to manage CJ’s place. When he opened up, 90% of the action, and pro players, went with him. He had 12 Gold Crowns, as opposed to the 4 at Clicks, a kitchen, and was open 24 hours. The action never stopped.

So what, you ask, does all this have to do with the title topic? I bought my first cue, a Thomas Wayne model, in 91, and while it was beautiful, with lots of gorgeous inlays, and very responsive, it really did nothing to improve my game. I played with it for 3 years until it was stolen, and I loved the cue, but I could play just as well with a bar cue, providing it was the right weight and had a good tip. I spent 700 dollars for the cue, but I really didn’t need to. It did not give me any advantage over a house cue.

I had a severe back injury in 1994, that made me quit playing golf and pool. I didn’t want to risk an operation, and it wasn’t until 2008 that I got some non-narcotic medication from the V.A. that let me bend over the table again without excruciating pain. By this time, Predator Cues had come out with a 10 piece shaft that was hollow at the tip, significantly reducing cue ball deflection at impact…or so they claimed. Having been away from the game for 14 years, I had read little about these cues, and was intrigued, to say the least.

For those of you reading this who don’t know what cue ball deflection is, here it is in a nut shell: When a cue ball is struck to either side of the vertical axis…the center line….the cue ball will deflect, or “squirt” in the opposite direction. So if you hit the cue ball using right ‘english’…hitting the cue ball right of the vertical center line…the cue ball will deflect to the left, and vice versa.. The amount of deflection varies, depending on speed of the stroke, the distance from the center line (or tip offset) the cue ball is struck, and the mass of the tip. In other words, the more english you apply, the harder the stroke, and the bigger the mass of the tip…..these factors will all increase the amount of deflection, or squirt. This squirt must be compensated for when aiming, or you will miss the shot quite often.

This is where the Predator technology comes into play. With a small hollow space at the end of the tip, the reduced mass drastically reduced the amount of deflection by allowing the cue ball to push the shaft out of the way at impact, instead of the shaft pushing the cue ball out of the way. The 314 shaft became very popular immediately with professionals, and the Z shaft reduced deflection even more by reducing the tip size from 12.75mm to 11.75mm. A shorter ferrule also helped reduce mass, and therefore reduce deflection even more. Independent testing has the Z² shaft and the 314² shaft from Predator as being the #1 and #2 shafts in the world in causing the least amount of deflection. Predator cues and shafts are used by over half of the top 40 professionals, 3 of the top 5 women professionals, and over 35,000 players worldwide, according to the Predator web site. These professionals are not paid to play these cues. They play them because their living depends on their playing ability, which is enhanced with this high-tech equipment.

Since Predator led the way in the mid 90’s, many companies have now joined the technology revolution. Lucasi Hybrid Cues offers the Zero Flex Point shaft on all their hybrid models. This shaft has technology similar to the Predator shafts to drastically reduce deflection. They offer these shafts with many joint types to fit most cues made today. World Champion Thorsten Hohmann from Germany now plays Lucasi Hybrid.

The OB-1 and OB-2 shafts also offer low deflection technology, and John Schmidt recently changed to the OB cue. He said he ran over 400 balls playing straight pool, the second day he used the OB shaft.

I had to try out one of these cues myself, and I must say: I love the new high-tech pool cues. I play with a Predator 5K3, and despite not having played in 14 years, my game has ascended to a level way higher than I ever played before. The reduced deflection makes the hard shots using english much simpler, by reducing the amount of compensation for squirt.

In summation, the advance of technology has shortened the learning curve for beginning and intermediate players by reducing cue ball deflection, and requiring much less compensation for the squirt effect. And the pros, who make their living with a cue? Nearly all of them play a low-deflection shaft of some kind. Why wouldn’t they? If they don’t, their competitors (who all do) will take the money.

While Predator remains the benchmark for low deflection, they are also not cheap. The retail price for a Z² shaft is nearly $300, but the new Lucasi Hybrid Cues, with similar technology (and also new grip technology to reduce impact vibration) are a good lower priced alternative. For less than the price of a Predator Z² shaft alone, your can get an outstanding Lucasi Hybrid [http://www.poolsharkcues.com/product_info.php?cPath=6&products_id=78/] that has advanced low-deflection technology and plays fantastically well. If a World Champion like Thorsten Hohmann is playing a Lucasi Hybrid, you KNOW it is an outstanding cue.

So think long and hard when purchasing a new cue stick. If you don’t use a cue with modern low-deflection technology, chances are your opponent will be. Everything else being equal, a modern low-deflection cue, or an older cue with a new low-deflection shaft, is going to win the vast majority of the time. Greatly improved accuracy will make it so.

Managerial Economics – Application of Economic Theory in Solving Business Problems!

Managerial economics is concerned with various micro and macro economic tools and the analysis of which can be used in managerial decision making to solve business problems. Micro economic tools that are used in this subject include demand analysis, production and cost analysis, break-even analysis, pricing theory and practice, technical progress, location decisions and capital budgeting. The macro economic concepts that are directly or indirectly relevant to managerial decision-making comprise national income analysis, business cycles, monetary policy, fiscal policy, central banking, government finance, economic growth, international trade, balance of payments, free trade protectionism, exchange rates and international monetary system.

The scope of this managerial science is wide and it has close connections with economic theory, decision sciences and accountancy. Traditional economics talks about the theory and methodology while managerial economics applies economic theory and methodology to solve business problems. It uses the tools and techniques of analysis to provide with optimal solutions to business problems.

  • Relationship with economics:

Managerial economics borrows concepts from economics just as engineering does from physics and medicine from biology. The analysis of both micro and macro economic concepts add valuable inputs to the organization. Say, national income forecasting is an important aid to business condition analysis which in turn could be a priceless input for forecasting the demand for specific product groups. The theories of market structure can be analyzed for the purpose of market segmentation.

  • Relationship with decision sciences:

Decision models are created to format the solutions for problem situations and the process utilizes techniques like, optimization, differential calculus and mathematical programming. This also helps to analyze the impact of alternate course of action and evaluate the results obtained form the model.

  • Relationship with accounting:

Accounting data and statements constitute the language of business. The accounting profession considerably influences cost and revenue information and their classification. A manager should therefore be familiar with the generation, interpretation and use of accounting data. Accounting moreover is viewed as a management decision tool and not anymore as a mere practice of bookkeeping. The concepts and practices of accounting can be very well applied to improve the economic scope of a project.

Economics is an interesting subject as it deals with the day-to-day problems of a common man and at the same time is concerned with the economic prosperity of a country as a whole. Its primary focus is on scarce resource allocations among competing ends. Individuals, enterprises and nations face problems of resource allocation. Managerial economics may be viewed as economics applied to problem solving at the level of the firm.

The Global Economic Crisis’ Effects on Business

The global recession prompted due to several causes is a ghastly piece of news for each and every business in every country throughout the world. The tendency adopted in this recession by companies in their pursuit to survive during the chaotic time would be to enter into reviewing the headcount, as well as freezing the budget along with numerous cost reducing measures.

Nonetheless, it is possible that the growth of the company will be stunted in case you continue with the practice or overreact to the whole situation. It is seen with recession hitting the economy many of the internationally based business were enforced to reorganize their operations. This was mainly done by ceasing the functioning of the facilities of production. Millions of working people were required to quit their jobs due to the ongoing crisis. The course of action adopted by the company should be to come in the forefront and re-invent the proceeding of your company and at the same time think of procedures for global recovery.

The crisis is faced by the business is of great magnitude. Businesses around the globe were hit so hard by the economic crisis that several businesses had to seek monetary assistance from the government in order to survive. Several industries were in jeopardy and the others were facing the threat of bankruptcy. Practically for many monetary institutions it was like floor has been swept off under their feet. And as a conclusion the power if acquiring things by the public became feeble. The consumers were once again were very conscious about the budget.

Almost all people were forced to make their decisions carefully when it came to buying something as everyone was clueless about when the recovery from recession will take place. The trends in the market place began to fluctuate along with the demand of various products. Almost every business was affected by this global economic crisis but the companies that were hard hit were the companies having large scale operation along with those who provide their services at high prices. The consumers are now turning to the businesses which render similar services at comparatively cheap prices.

Businesses that can survive this economic recession in a better way are basically small as well as medium scale industries. Nonetheless, it does not suggest that they are not hit by economic crisis. The difference primarily lies in the fact that small as well as medium scale enterprises have comparatively undersized operations and have the ability to maintain the operation with fewer revenues. Such business usually has streamline way of operation which minimizes the total effect of the global crisis for survival.

The time span required by the international economy to recover is long as the magnitude of the crisis is large. Nations will have to strive hard to restructure their economy. What is further in store for us is hazy and the lucid picture is still to emerge. However, it is hoped that businesses will retain their normal position once again.

Improve Your Home With Masonry!

A wall is simply a unique portion of the entire infrastructure of a building. All of the elements, such as color, size, shape, texture, and finishing touches, combine together to create limitless architectural expression. Shade and texture convey a certain depth and character to the structure of a wall and yet the overall appearance should exhibit uniformity.

Masonry is a durable means of construction building using different substances such as brick, marble, stone, concrete blocks, limestone, stucco, tile, granite, and glass blocks. Generally, masonry is both the building activity itself and the materials that are used in the process. Choosing the right type of material and deciding how they should be used in the construction of a house is confusing without the proper knowledge and skills. With the help of the right home builder, everything can easily fall into place.

Concrete Masonry Units (CMU)

CMU’s are the most common type of masonry material utilized in building construction. They are often chosen because of the many benefits they have to offer as a wall material. They are cost-effective, fire-resistant, highly durable, environmentally safe, increase structural integrity, and have a better resale value. It is helpful to understand the different types and sizes of CMU’s available since they are manufactured by several different companies.

Bricks

Historically, bricks are one of the most durable and long-lasting types of masonry units. They are made from blocks of ceramic building material originally made from clay or mud. There are several substances used in making bricks, yet clay is the substance that is most generally used today. The advantages of using clay include: durability, classic beauty, low-maintenance costs, low purchase cost, energy efficiency, greater resale value, impact resistance, fire-proof, and availability in appealing textures. Bricks are used in several different applications; however, they are most commonly used for building a house. To emulate classical bricks, the manufacturer burns the material to provide a rustic appearance.

Stones

Stones have been used in masonry construction for hundreds of years. They can be made from local stones, limestone, granite, and sandstone. The quality of the material depends on its resistance to breakage, water penetration, and the ability to be cut into regular shapes. Stones are durable, maintenance-free, natural-looking, inexpensive, offer a timeless appearance, and come in variety of sizes and colors. Stones make a wonderful, long-lasting wall.

Veneers

Veneers are a construction material made from small pieces of stone or brick that are used for low load-bearing solid masonry. This substance is widely known as a “curtain wall” because of its appearance. Some of the advantages of using veneers include: provide effective drainage; promote insulation; affordability; light-weight; easy installation; and lower labor costs when compared to the installation of other walls. There are two methods of wall construction using this substance: the anchored system and the adhered system.

There are several types of masonry material available. All of them have their own advantages and disadvantages. It is important to have some basic knowledge about these materials in order to choose the right type of masonry. Each type has its own beauty and unique appearance; however, many factors must be considered before making a final decision. It is a good idea when making a selection to consult with expert home builders who can offer their assistance in choosing the appropriate masonry material for the improvement of a home!

International Trade – Tariffs or Restrictions to Trade

Tariffs are taxes or duties imposed on imports and exports by the government of a country. The idea behind tariffs is to restrict the volume of trade or improve the international terms of trade. Tariffs are imposed to protect infant industries from undue competition with foreign firms, to generate revenue for the country-many countries derive their revenue from import and export duties. Also tariffs are imposed to prevent dumping of goods from foreign countries, hence leading to very low sale prices when compared to home prices.

That’s not all, tariffs help to correct unfavorable balance of payments by discouraging massive imports; prevent dangerous or harmful goods from other countries; encourage the establishment of local industries or enhance the expansion and growth of existing ones so as to provide job opportunities; serve as discriminatory measure against unfriendly countries; imposed on imported goods to enable a country be self sufficient in production of numerous goods and to check consumption pattern as citizens may develop uncontrolled appetite for foreign goods, can be used in most cases to protect certain strategic industries.

Tools or instruments of trade restriction

1. Import duties or tariffs: This is a tax imposed on imported goods to reduce the amount of trade.

2. Foreign exchange control: Trade can be controlled by reducing the foreign exchange available for trade transactions.

3. Devaluation: By lowering the value of a country’s currency vis-a-vis others, importation becomes costly while export becomes cheaper.

4. Embargo: This is the prohibition or outright ban placed on some imported goods

5. Import monopoly: This refers to a situation in which the government of a country takes over the importation of certain goods which are only essential to the country.

6. Import quota: Import quota restricts imports by imposing a limit on the quantity of goods but can be imported at a particular country.

7. Preferential duties: In order to either encourage or discourage the importation of certain goods from certain countries, discriminate duties are charged on these goods.

8. Excise duties reduction: This method helps to reduce the prices of locally made goods so as to enable people to patronize them instead of foreign made goods.

8. Import licence: Import licence is a permit that allows an importer to bring a certain quantity of foreign goods into a country and allows him to purchase the foreign currency required to pay for them.

Tariffs and restrictions are very essential to check-mate international trade to suit the developments and interests of a particular nation.

Avionics Jobs May Be The Smartest Career Choice In Aviation

So you’re possibly considering going down a path in the avionics jobs field? Well, I will tell you straight away that a career in avionics is an extremely smart choice for many reasons, which I will cover in a moment.

But first I want you to consider this:

Rising unemployment. Nationwide foreclosure crisis. Banking failures. Higher taxes.

Four crises in the global economy and as I write this article not one of these issues looks to get any better anytime soon.

Now I don’t want to sound too negative here but I want to be realistic. Jobs are hard enough to come by now, and from the looks of things, it’s only going to get worse. It will be vital for people who are looking for jobs and/or a career to find work that is not only in demand, but will also pay well, have good benefits and have job staying power.

After all, what good is it to bust your tail finding a good job only to have that position disappear in a year, or even sooner than that?

Why A Career In The Avionics Jobs Field Is A Really Good Move

First of all, what exactly is Avionics? For the sake of not getting too technical, a simple definition would be:

‘Avionics, a term derived by combining aviation and electronics, describes all of the electronic navigational, communications, and flight management aids with which airplanes are equipped today.’

A person in the Avionics field is responsible for anything electronic within an aircraft. Some related disciplines in the avionics jobs field would be:

Avionics (or Aviation) Technician: They are responsible for examining and inspecting airplane computer and electronic systems as well as the maintenance of these systems.

Aerospace Engineer: They will test aircraft components as it applies to flight. They will work on navigational systems, research of those and related systems and work extensively on commercial aircraft research.

Electrical Engineer: They test and develop motors, propulsion and like power systems.

Qualifications and pay in this field start where an entry level Avionics Technician will typically start making around $18 an hour and can increase their pay (with experience in the work field) up to $30 an hour.

Avionics engineers can make up to $100,000 a year for top technicians in their field.

Educational requirements start at 3-4 years for a technician, and a 4-year bachelors degree (and sometimes a Masters degree) for an engineer.

Another very important facet in the Avionics Jobs sector is job security. Sure, there are layoffs in aviation, and we read about them all the time. However, the aviation industry is a very fluid one with re-hires occurring literally all the time.

Add in the fact that the avionics and airline industry is one that must continue to operate even in bad times, even if that means that the government must step in to give financial assistance to keep it going.

Yet another important reason to consider aviation jobs is the military component. Aviation is one of the biggest arms of the military and they must have a huge fleet of aircraft which must be maintained to the highest of standards. The military hires new aviation workers constantly.