Archive for the ‘Industry’ Category

Why is Gas So Expensive?

Why is Gas So Expensive?
Because it’s such a valuable resource, consumers have the right to know why gas is so expensive. There isn’t a single cause though. There are actually several explanations. Demands by Growing Economies The emerging economies of China and India are partly responsible for the increase in oil costs. Statistics show that every year more people there are purchasing cars. This increases the demand in those countries. What happens is that the supply of oil is stretched out. This naturally increases the costs. This doesn’t just apply to China or India. Whenever the world economy is up, the need for oil increases. This is just part of the natural law of supply and demand. So it would be correct to say that emerging economies are reasons why gas is so expensive. Seasonal Demand The weather also...

Why is Financial Planning Important?

Why is Financial Planning Important?
It doesn’t matter if you’re well off or work for every cent; knowing the importance of financial planning is critical for your future. In fact, it’s never too early to prepare for it. Saving Money is Paramount It doesn’t matter if you can save hundreds of dollars or only a few. It’s just crucial that you do. You don’t need to have a particular goal. That is, you’re saving so you can buy this or that. You’re just saving money. In fact it’s a good idea not to spend it. It won’t be long before that amount starts to grow. For most, saving is probably the hardest part. Expenses are numerous, but make a note of the things you pay for. The importance of financial planning lies in its ability to make you see and think clearly. Learn to distinguish between the things you need to...

Why Did Enron Go Bankrupt?

Why Did Enron Go Bankrupt?
One of the most successful natural gas merchants in North America, Enron Creditors Recovery Corporation was established by Kenneth Lay in 1985 from the merger of big natural gas pipeline firms InterNorth and Houston Natural Gas. The approval of legislation in the U.S. concerning the deregulation of natural gas sale is one of the events that affected the outstanding financial performance of the company in the 1990s. The development of the online business model known as EnronOnline also contributed to the popularity of the company in November 1999. However, stockholders were alarmed by the sudden decision of the firm to file for Chapter 11 bankruptcy protection in December 2001. History of the Company Why did Enron go bankrupt? There are several reasons for the bankruptcy of the firm....

Why Do Companies Downsize?

Why Do Companies Downsize?
Whether you’re an employee or employ workers, you need to know why companies downsize. This knowledge can make the difference between recovering or going bankrupt. To Reduce Costs The primary reason is to keep the costs down. Business enterprises usually have long term forecasts. These are used to make decisions in the present. If the forecast is that it will lose money, cutting jobs or shutting down factories may be the only option. Sometimes this takes place without the result of a long term study. An unexpected event like an economic crisis can happen. In this situation, the corporation may be forced to make mass layoffs. This is one reason why companies downsize. To be More Profitable In some cases a firm might decide to do it to make more money. It can happen that a company expands...

Why Have Adminstrative Meetings?

Why Have Adminstrative Meetings?
It doesn’t matter what size the company is. The importance of administrative meetings can be essential to its survival and success. Of course any number of things can be discussed there. Some of the common items can include the following. Submitting Proposals and Ideas These gatherings are a great time to present proposals or ideas about running the company. These proposals can be presented for evaluation by the other participants. The agenda can refer to changes in policies or new ways of managing an asset or client. This doesn’t just apply to businesses of course. Even homeowners’ associations can submit revisions at the gatherings. These can refer to security arrangements or regulations. The importance of administrative meetings is that it can give you the chance to study any proposed...