Questions
2. Cultural awareness: Describe your own cultural identity, by providing: o A 20-word summary of your...

2. Cultural awareness: Describe your own cultural identity, by providing:
o A 20-word summary of your culture o Two (2) beliefs/belief systems you have o Two (2) personal values and attitudes you hold
o Two (2) examples of how the community attitudes, language, policies and structures of your culture impact on how you view different people and groups.

In: Nursing

Since the beginning of European settlement, Australian culture has been shaped by the successive waves of...

Since the beginning of European settlement, Australian culture has been shaped by the successive waves of immigration, and our culinary culture is much the richer for it. From the stodgy and predictable Anglo cuisine that dominated our eating habits well into the 1960s, Australians now enjoy some of the most diverse, exotic and interesting food and beverage choices available anywhere in the world — and the options are continually expanding. One of the interesting beverage options available are Asian ‘bubble’ teas (so-called because the fruit- and milk-based drinks are recognisable by the chewy tapioca ‘pearls’ or ‘bubbles’). Originating in Taiwan, the bubble tea craze spread throughout Asia before arriving in Australia. Among the fastest growing of the competing franchises is Chatime. Founded in Taiwan in 2003, Chatime is an international franchise with over 800 stores worldwide. From its launch in Australia in 2009, the chain has grown to over 45 stores across Australia, with further ambitious growth planned. Chatime is not alone in this regard — the market leader in the Asian tea market is EasyWay, but other brands such as GongCha have recently opened stores. Chatime’s local master franchisor Charlley Zhao would be happy for the company to emulate the Australian success of Boost Juice and the international success of Starbucks. Chatime’s business model and its success have much in common with the Starbucks and Boost approaches: Chatime tea is brewed fresh in store using the highest quality natural ingredients with no added preservatives. It is against the company’s policy to use pre-made tea or tea powders and we are proud to support Australian farmers, with fresh milk delivered to Chatime stores daily by Dairy Farmers and Pura. Freshly brewed tea has more flavour and fragrance. Chatime draws from Page 5 of 6 traditional Taiwanese tea concepts to create their delicious fusion of flavours and continuously develop many new and innovative drinks, while keeping true to the delicious Taiwanese tea flavour.13 To date, Chatime has concentrated its marketing on Asian–Australians and focused in geographic locations with high concentrations of Asian residents. The first store opened in the Sydney suburb of Hurstville, which has a population of 47.5 per cent Chinese according to the 2011 Census. Chatime’s marketing has focused on Mandarin-language media and sponsoring concerts by Chinese pop stars. Zhao has also targeted Asian franchisees. ‘Obviously if we were targeting mainstream in the beginning, it would be a lot harder than targeting Asians. We used the strategy to go that way,’ he says.14 For Chatime, however, there are currently limitations and challenges typical of any business that has expanded to the practical limits of its ‘natural’ market niche. Now Zhao wants to open more outlets — but he needs to expand beyond the traditionally Asian suburbs populated by first- and second-generation immigrant families together with international (mostly Chinese) students. He is confident that a mainstream audience will embrace the tea brand, but the franchisees are not easily convinced. Many of the 29 franchisees are keen to open additional outlets but are not convinced that Anglo–European suburbs and towns are ready for the product. Zhao says: We do all the research to tell them that the other areas may be good but . . . they’re maybe not confident in thinking that local mainstream markets will love this drink.15 For Chatime, the current limits to growth are the size and geographic concentration of the Chinese–Australian population and the issue is whether this niche will provide sufficient revenue and growth to satisfy the aspirations of the parent company, Zhao and franchisees. To expand beyond the current customer base will inevitably require Chatime to capture a viable share of the mainstream (predominantly Anglo–European) Australian market. The challenge is not insurmountable, however. After all, no Australian suburb or town would be complete without its local Chinese restaurant, although this assimilation occurred over decades, which wouldn’t suit Zhao’s ambitious plans. Australian appetites for introduced and exotic cuisines and beverages give encouragement that ‘pearl teas’ will eventually become as much a part of the vernacular as ‘skim caramel mochaccino latté’ (if such a drink exists!). Zhao is confronting three common, and related, problems: First, he needs to ensure Chatime’s product fits the local, mainstream market. Then he needs to focus on an educative marketing campaign that changes consumers’ perceptions about the brand. Finally, he needs to persuade franchisees to open outlets outside the Asian-heavy suburbs.16 In relation to the first issue, the challenge is in recognising the distinctive characteristics of the local market and in deciding how far the local product should be adapted to local tastes. Zhao says: Just as McDonald’s introduced the Aloo Tikki burger when it expanded to India, catering to locals’ taste for the spiced potato patty snack of the same name, franchises need to be prepared to adjust their products to fit new markets. Chatime has introduced skim and soy milk and also allows consumers to customise their sugar levels.17 Although premium pearl milk tea is Chatime’s bestseller globally, fruit-based teas and smoothies perform more strongly in Australia than they do in Taiwan. This is because the Australian marketplace likes ‘more fresh and more healthy’ products, Zhao says. Of course, modifying mass-market fast foods and beverages to suit the tastes of local markets is both sensible and widely practiced. McDonald’s, Hungry Jack’s (Burger King), KFC Page 6 of 6 and Pizza Hut have all specially developed and marketed ‘Aussie’ versions of their staples, although typically only for brief promotional periods (such as leading up to Australia Day). In a move that is similar to Australian fresh juice providers and taps into a broad-based perception of ‘freshness’, Zhao has overhauled the look of Chatime. A bright, cartoonish purple was the launch colour, but now the store interiors are a pale green with bamboo details. ‘Purple doesn’t give people any feeling of fresh’, he says. Tea leaves are on display to show the ‘natural’ side of the brand. Zhao wants to court a mature customer and leave the teenagers to his competitors, so he avoids the moniker of ‘bubble tea’. He also wants Chatime to be known as the ‘tea experts’. ‘We really want to focus on people who are well educated, who know the benefits of drinking tea,’ he says. ‘That’s why our branding and wording is quite mature and serious. We’re trying to tell people, “Yes, we are the experts, trust us, drink our tea, you’ll get healthy”.’ This repositioning should see Chatime better attuned to both its original Chinese and local non-Chinese customers. At the same time, Chatime must be careful not to radically adapt its core ‘bubble tea’ product offering and service experience so that it alienates its core customer groups. After all, these customers have several alternative providers such as EasyWay and GongCha, who can still provide the ‘authentic’ product. It’s a juggling act that often challenges companies seeking to capture more of the mainstream market. Expert marketing opinion, however, is not universally in favour of the logic of broadening and adapting niche products to meet the needs of ever-wider markets. Rod Young, franchise guru and managing director of DC Strategy, has sober advice for such plans. ‘I think that these niche markets are creating terrific opportunities and I would encourage any organisations to not be all things to all people,’ he says. ‘There’s nothing invalid about focusing on a particular ethnic market and maximising the market penetration in those markets.’18 Having resolved the issues of product adaptation, there is clearly also a need to create product awareness, particularly among the new mainstream Australian target customers who may have noticed the new stores at their local shopping malls but are unaware of the pleasures and health benefits of ‘pearl teas’. This suggests the need for a product and brand awareness campaign, which may demand an increased marketing communications budget to capture the attention of the targeted new users. Of course, word-of-mouth, enhanced by social media, can also play a central role in this campaign. Expanding beyond major Australian cities and suburbs with large Chinese populations will be central to the aspirations of Chatime, who wants to become the ‘Starbucks of tea’. However, the Starbucks experience in Australia, and elsewhere, also demonstrates that such aspirations are not always enough, and that competition and the diverse tastes of the local market can frustrate ambitious and optimistic plans. The challenge for Chatime and its competitors is to move the product from being a fad and a craze — albeit an exotic and pleasurable one — to being a product of universal appeal and a permanent fixture in the Australian beverage landscape. The keys to success will be the attractive idea, a sufficient budget, excellent execution and patience.

1.What are the key elements that have contributed to Chatime’s success in Australia to date?

2.What product attributes should Chatime emphasise in its promotion to maximise its appeal?

3.Describe the Chatime brand and outline what Chatime can do to encourage brand loyalty.

4.Do you believe Chatime should target ‘non-Chinese’ locations at this stage of its development, or should it stick to its existing location strategy? Why/why not?

In: Economics

Psychologists have discovered that human beings experience several different states of consciousness during the course of...

Psychologists have discovered that human beings experience several different states of consciousness during the course of a day. For example, people have times when they are especially alert and times when they are awake but not alert, often called "daydreaming." Also, while people are asleep, they experience different stages of sleep, each characterized by different patterns of brain and bodily activity.

In a multi-paragraph essay, discuss the different states of consciousness that you have experienced in the past 24 hours, including any periods when you were asleep, alert, or "daydreaming." Be sure to describe both the brain and bodily activity you experienced during each state of consciousness. Include information from class materials, readings, and research on states of consciousness to support your discussion.

In: Psychology

Oaktree Company purchased new equipment and made the following expenditures: Purchase price $ 50,000 Sales tax...

Oaktree Company purchased new equipment and made the following expenditures: Purchase price $ 50,000 Sales tax 2,700 Freight charges for shipment of equipment 750 Insurance on the equipment for the first year 950 Installation of equipment 1,500 The equipment, including sales tax, was purchased on open account, with payment due in 30 days. The other expenditures listed above were paid in cash. Required: Prepare the necessary journal entries to record the above expenditures. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

In: Accounting

                                          &nb

                                                       Checker

+DisplayCount(int [], int):void


The code below is a partial implementation of the class diagram above. Note the similarities between
the class diagram and its implementation.

class Checker
{
   /*
    * Method DisplayCount
    * This method should display the numbers of times
    * a given number (x) is found in a given array (numbers)
    *
    * Provide the implementation (method body) for DisplayCount
    */
   public void DisplayCount(int[] numbers, int x)
   {

   }
}

I need to complete the implementation of method DisplayCount as described in the comments above, and I need to write a test class that uses class Checker and its DisplayCount method.

Assuming an array like this:

7 5 9 0 1 2 3 2 7 9

If the value of x is 10, the output should be:
10 is in the array 0 times
If the value of x is 7, the output should be:
7 is in the array 2 times

In: Computer Science

Describe the strategies used by Google and Amazon, two oligopolists, to fight the wars about the...

Describe the strategies used by Google and Amazon, two oligopolists, to fight the wars about the fast delivery of consumer products.

In: Economics

Provide recommendations for strategies that will position hospitals for viabilty and future value creation with Value...

Provide recommendations for strategies that will position hospitals for viabilty and future value creation with Value based reimbursement models. What should hospitals do diferently to prepare for the future? How should the model of care change and how does this help creat value?

In: Finance

Language Assembly ( required) Write and test a function, drawshape. The function has 2 parameters, the...

Language Assembly ( required)

Write and test a function, drawshape. The function has 2 parameters, the shape's character and the length of the shape's longest line.

draw shape(1, x) looks displays

x

x

draw shape(2, y) displays

yy

y

yy

draw shape(3, z) displays

zzz

zz

z

zz

zzz

and so on.

In: Computer Science

What are the major differences between a static model and a dynamic model when it comes...

What are the major differences between a static model and a dynamic model when it comes to valuation of natural resources? In your opinion, which model is more suitable for valuating depletable natural resources? And why? What are the main factors that could affect the valuation of natural resources? Use example(s) if necessary.

In: Economics

What are the 4 events that happened in the 1960s that Lead up to the Chicano...

What are the 4 events that happened in the 1960s that Lead up to the Chicano Movement?

In: Economics

Summarize the goals of cognitive behavioral therapy (CBT), and contrast it with the psychodynamic approach.

Summarize the goals of cognitive behavioral therapy (CBT), and contrast it with the psychodynamic approach.

In: Psychology

Why and how do exchange rates influence corporate investment decisions? Corporate financing decisions

Why and how do exchange rates influence corporate investment decisions? Corporate financing decisions

In: Economics

For a price-searcher, assume the demand curve is Q = 10 - P. a.)        Construct a...

For a price-searcher, assume the demand curve is Q = 10 - P.

a.)        Construct a four-column table of P and Q with P ranging from 10 to 0. Calculate TR and MR and add them to your table.

b.)       Graph D and MR. (Plot points—with $ on the vertical axis and Q on the horizontal axis.

c.)        Why is P > MR (after the first unit)—or in other words, what is the good news and bad news for the price searcher as Q increases?

In: Economics

​(Divisional costs of capital and investment decisions​) In May of this year Newcastle Mfg.​ Company's capital...

​(Divisional costs of capital and investment decisions​) In May of this year Newcastle Mfg.​ Company's capital investment review committee received two major investment proposals. One of the proposals was put forth by the​ firm's domestic manufacturing​ division, and the other came from the​ firm's distribution company. Both proposals promise internal rates of return equal to approximately 13 percent. In the​ past, Newcastle has used a single firm wide cost of capital to evaluate new investments.  
​However, managers have long recognized that the manufacturing division is significantly more risky than the distribution division. In​ fact, comparable firms in the manufacturing division have equity betas of about 1.7​, whereas distribution companies typically have equity betas of only 1.3. Given the size of the two​ proposals, Newcastle's management feels it can undertake only​ one, so it wants to be sure that it is taking on the more promising investment. Given the importance of getting the cost of capital estimate as close to correct as​ possible, the​ firm's chief financial officer has asked you to prepare cost of capital estimates for each of the two divisions. The requisite information needed to accomplish your task​ follows:
• The cost of debt financing is 11 percent before taxes of 36 percent. You may assume this cost of debt is after any flotation costs the firm might incur.
• The​ risk-free rate of interest on​ long-term U.S. Treasury bonds is currently 5.8 ​percent, and the​ market-risk premium has averaged 4.5 percent over the past several years.
• Both divisions adhere to target debt ratios of 70 percent.
• The firm has sufficient internally generated funds such that no new stock will have to be sold to raise equity financing.
a. Estimate the divisional costs of capital for the manufacturing and distribution divisions.
b. Which of the two projects should the firm undertake​ (assuming it cannot do both due to labor and other nonfinancial​ restraints)? Discuss.

a. What is the divisional cost of capital for the manufacturing​ division?

_____%

What is the divisional cost of capital for the distribution​ division?

_____%

b. Which of the two projects should the firm undertake​ (assuming it cannot do both due to labor and other non financial​ restraints)? ​(Select the best choice​ below.)

(A). Manufacturing project because its divisional cost of capital is higher than that of distribution division.
(B). Manufacturing project because the cost of capital is higher and thus the​ project's net present value ​(NPV​) is higher.
(C). Distribution project because the cost of capital is lower and thus the​ project's net present value ​(NPV​) is higher.
(D). Either project because their internal rates of return ​(IRR​) are equa

In: Finance

(Cost of​ short-term bank loan​) On July​ 1, 2015, the Southwest Forging Corporation arranged for a...

(Cost of​ short-term bank loan​) On July​ 1, 2015, the Southwest Forging Corporation arranged for a line of credit with the First National Bank​ (FNB) of Dallas. The terms of the agreement call for a ​$120,000 maximum loan with interest set at 2 percent over prime. In​ addition, the firm has to maintain a 19 percent compensating balance in its demand deposit account throughout the year. The prime rate is currently 12 percent. Note​: Interest is not paid in advance​ (discounted).
a. If Southwest normally maintains a ​$22,800 to ​$34,800 balance in its checking account with FNB of​ Dallas, what is the effective cost of credit under the​ line-of-credit agreement when the maximum loan amount is used for a full​ year?
b. Compute the effective cost of credit if the firm borrows the compensating balance and the maximum possible amount under the loan agreement.​ Again, assume the full amount of the loan is outstanding for a whole year.

a.  If Southwest normally maintains a ​$22,800 to ​$34,800 balance in its checking account with FNB of​ Dallas, what is the effective cost of​ credit, or APR​, under the​ line-of-credit agreement when the maximum loan amount is used for a full​ year?

_____%

b. If the firm borrows the compensating balance and the maximum possible amount under the loan​ agreement, what is the effective cost of​ credit, or APR​?

____%

In: Finance