The Subway Franchise Essay Example For Students

The Subway Franchise Essay The Subway FranchiseThe Subway story started in 1965 in Bridgeport, Connecticut during the summer of 1965. 17 year old Fred DeLuca was trying to earn enough money to pay for his college tuition by working in a hardware store. He wanted a way to add money to his minimum wage salary. He got the solution at a backyard barbecue in a conversation with a family friend, nuclear physicist Dr. Peter Buck. With a $1000 loan from Buck, DeLuca opened Petes Super Submarine on August 28, 1965. One year later, he opened his second shop so customers would see him expanding and believe that he was successful. In an effort to increase visibility to customers, he shortened the name to Subway and introduced the bright yellow logo. The first Subway franchise opened in Wallingford, Connecticut in 1974. The initial franchise fee is $10,000 for a moderate cost store. By the time you add in the $7,500 leasehold improvements, the $2.500 equipment lease security deposit, the $3,000 operating inventory, and the other costs the total investment for a moderatecost store is roughly $104,500. There is an 8% weekly royalty fee and a 2.5% weekly advertising fee. We will write a custom essay on The Subway Franchise specifically for you for only $16.38 $13.9/page Order now The franchisee is responsible for the franchise fee, and the leasehold improvements. They also have to lease or purchase equipment, hire the employees, and do the daily operation of the store. The franchisee also has to pay the weekly advertising and royalty fees. The company provides access to proven formulas ; operational systems site evaluation. The company also provides training at headquarters in Connecticut. They give the franchisee an operations manual and provide a representative on site during opening. The company will periodically evaluate the store. They also provide marketing and advertising support. The company helps design the store and tells you what equipment you need. 94% of all franchise owners consider their Subway successful. In 1965 there was one Subway open. In 1990 there were 5,144 and in 1997 there are 13,030. 11,201 of these stores are in the U.S. and 1,203 are in Canada. There are Subway stores in over 50 countries around the world including Australia, England, Costa Rica, Japan, and South Korea. The secret behind each foot long submarine is the bread, freshly baked on the premises daily. Sub way is the first sandwich chain to bake their bread on the premises. In 1990 Subways sales exceeded 1 billion dollars and in 1997 they are expected to exceed 3 billion. Subway has some shops in many untraditional places such as convenience stores, stadiums, hospitals, airports, and truck stops. Subway has been named the #1 franchise for ten years in a row by Entrepreneur magazine.

Nominal Versus Real Quantities

Nominal Versus Real Quantities Real variables are those where the effects of prices and/or  inflation have been taken out. In contrast, nominal variables are those where the effects of inflation have not been controlled for.   As a result, nominal but not real variables are affected by changes in prices and inflation.   A few examples illustrate the difference: Nominal Interest Rates vs. Real Interest Rates Suppose we buy a 1 year bond for face value that pays 6% at the end of the year. We pay $100 at the beginning of the year and get $106 at the end of the year. Thus the bond pays an interest rate of 6%. This 6% is the nominal interest rate, as we have not accounted for inflation. Whenever people speak of the interest rate theyre talking about the nominal interest rate, unless they state otherwise. Now suppose the inflation rate is 3% for that year. We can buy a basket of goods today and it will cost $100, or we can buy that basket next year and it will cost $103. If we buy the bond with a 6% nominal interest rate for $100, sell it after a year and get $106, buy a basket of goods for $103, we will have $3 left over. So after factoring in inflation, our $100 bond will earn us $3 in income; a real interest rate of 3%. The relationship between the nominal interest rate, inflation, and the real interest rate is described by the Fisher Equation: Real Interest Rate Nominal Interest Rate - Inflation If inflation is positive, which it generally is, then the real interest rate is lower than the nominal interest rate. If we have deflation and the inflation rate is negative, then the real interest rate will be larger. Nominal GDP Growth vs. Real GDP Growth GDP or Gross Domestic Product is the value of all the goods and services produced in a country. The Nominal Gross Domestic Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross Domestic Product  measures the value of all the goods and services produced expressed in the prices of some base year. An example: Suppose in the year 2000, the economy of a country produced $100 billion worth of goods and services based on year 2000 prices. Since were using 2000 as a basis year, the nominal and real GDP are the same. In the year 2001, the economy produced $110B worth of goods and services based on year 2001 prices. Those same goods and services are instead valued at $105B if year 2000 prices are used. Then: Year 2000 Nominal GDP $100B, Real GDP $100BYear 2001 Nominal GDP $110B, Real GDP $105BNominal GDP Growth Rate 10%Real GDP Growth Rate 5% Once again, if inflation is positive, then the Nominal GDP and Nominal GDP Growth Rate will be less than their nominal counterparts. The difference between Nominal GDP and Real GDP is used to measure inflation in a statistic called The GDP Deflator. Nominal Wages vs. Real Wages These work in the same way as the nominal interest rate. So if your nominal wage is $50,000 in 2002 and $55,000 in 2003, but the price level has risen by 12%, then your $55,000 in 2003 buys what $49,107 would have in 2002, so your real wage has gone done. You can calculate a real wage in terms of some base year by the following: Real Wage Nominal Wage / 1 % Increase in Prices Since Base Year Where a 34% increase in prices since the base year is expressed as 0.34. Other Real Variables Almost all other real variables can be calculated in the manner as Real Wages. The Federal Reserve keeps statistics on items such as the Real Change in Private Inventories, Real Disposable Income, Real Government Expenditures, Real Private Residential Fixed Investment, etc. These are all statistics which account for inflation by using a base year for prices.

Utilization of the law and its processes Essay Example | Topics and Well Written Essays - 2000 words

Utilization of the law and its processes - Essay Example There are of course many different areas of the law in the UK and these various areas cover situations that might be civil or criminal in nature. These are the main two categories of the law in the UK which many smaller laws branch off from. As was stated the main purpose is to try and keep as much of a sense of normalcy to life as possible, which in order to do that there is a strong need for law which acts as a mediator in society of many sorts (Scottish Executive Justice 2006). The law is a set of legal principles that mandate human behaviors and interactions in society. The various sets of rules or (social norms) depict what behavior is acceptable and what isn't. Also, they ensure equality when it seems to be lacking and in criminal areas the law guarantees punishment to those who break the established laws in a society (Blackstone 1997). Logically the aim of the law in the UK is to keep civil disputes minimized and for civil problems that do arise the aim is to provide fair and proper representation so that equal justice can be served. In criminal law the aim is to guarantee to those in society that a criminal offender will be punished based on the judgment passed down by the judicial system for their maladaptive behaviors and the harm that they intend to promote in society. 1.4 Classification of the Law As has been said there are different categories and classifications of the law but the two main bodies are Civil and Criminal. The other branches of the law stem from these main forms of the legal process. For instance property issues would fall under civil law while crimes of robbery and rape would fall under criminal jurisdiction. 1.5 Civil Law The civil laws in the UK function somewhat differently than the criminal laws do as they are basically controlled by the judges and the judicial system itself. Civil law is guided by civil codes and principles which are slightly variant as well basically due to the fact that civil law has an extremely wide berth. The following bulleted outline details and defines the majority of areas that are dictated by civil law in society, however there are quite a few more. Areas under Guidance of Civil Law Adults with Incapacity: Representation is given for those who do not have the mental capacity to represent themselves Bankruptcy: takes place due to fault of debtor not repaying their incurred debt Civil Courts and Tribunals: The court of session and the Sheriff's court deal with matters relative to compensation claims, debt and family issues, employment, social security, and administration Civil Partnership: A new law put into effect to provide a means of legal protection for couples not following the traditional forms of marriage, such as couples of the same sex (basically for cohabitation) Debt and Enforcement: enforces civil obligations such as debt European Justice: Involves EU legal structure Family Law: this is of course a large berth area which covers marriage, divorce, parental rights, and other family related issues Gender Recognition: mean for transsexuals to be able to apply for legal identity from their sex

Online dating Research Paper Example | Topics and Well Written Essays - 2000 words

Online dating - Research Paper Example The practice of taking someone out for a date is called ‘asking out’ someone and it is usually taken as in invitation to date. With the advent of technology there has been a shift in the dating avenues used. Where communication has become faster and cost-effective, and social networks allow one to search for and interact with people with similar interests, thus, dating too has become virtual. Online Dating refers to an act of getting to know someone through electronic means which can be through the internet or cellphones and it allows people at communicate and get to know people at a long distance (Merkle 187).Free video chatting allows one to not only talk to someone but also see and hear them while talking to them. The only sense that is not present in online dating, as compared to conventional dating, is that of smell and touch. History The evolution of dating dates back to the early 1920s when men and women would interact with each other under supervision of the elde rs or at parlors where it was customary to mingle and socialize with the opposite gender. This was replaced with taking women out for drinks or diners. Later, this socializing moved to activities like spending time at parks, a movie theatre or art galleries etc. giving the couple something to talk about, break the ice and get on with the conversation. This was followed by revolution of dating in terms of increased intimacy in order to gauge suitability. This age is prevalent to this day and courtship or marriage has taken a back seat as far as relationships are concerned. Pen paling was an activity associated with writing to get to know and befriending people who were at a distance. In the digital age, this was replaced by online pen paling or social networking. In consequence, this friendship aspect took a romantic turn and the internet became the new medium to search for potential life partners. Prevalence There is no question about the popularity and gaining momentum of online da ting. In this world of chaos, one has a hard time coming across people who have similar mindsets, interests etc. The internet provides an array of dating sites that feature profiles of people from all backgrounds. This makes it easier to not only search someone of likeness but also narrows down the number of people to a selected few. The availability of other people on online dating sites also signify that they are looking for a partner too, and so they are more open to the idea and easy to approach. Initially, this service was started by match.com, e-harmony and plenty-of-fish. When the practice became acceptable and popular, more joined them and now there is a bandwagon of such sites all over the internet. The most popular ones, apart from the mentioned pioneers, are Yahoo personals, JDate, Shadi.com etc. The popularity of this dating service can be determined from the fact that 37% of the single individuals in the United States visited online Dating Sites (Hitsch 130). Causes of Online Dating The main purpose of indulging in online dating is the urge to get involved in a romantic relationship. People on a pursuit of potential partners use online dating to get to know people who have been filtered according to their interests, gender, physique, religion etc. Virtual dating is not only specific but also faster as compared to conventional dating due to its 24

University Students Do Not Spend Their Free

University Students Do Not Spend Their Free Time Wisely Essay University students do not spend their free time wisely. Students role are known as the next generations who will lead the country later. Everything related to them are important for us to put a highlight on. One of the issues that could be a problem is university students do not use their free time wisely. In my opinion, this statement could be best described as true based on a few reasons such as no vision, lack of maturity and discipline and also entertainments influence available. One of the most definite reason is that the students himself does not used to determine their specific vision. In this situation, they do not have a clear target due to the lack of career information exposed to them. Regardless to this, they may take programs of study that does not suit them well instead of not being accepted in any opportunities of studies. Thus for most people who further in wrong major, their minds set to not to struggle for the fullest in grabbing superb future undertakings. For every precious second left, they never regret and even appreciate the moment in having quality time for studying. And yet when the results in the hand, they are trying to be in the past to fix back firstly the vision. Another reason why university students do no spend their free time wisely is they lack of maturity and discipline. Although they aware that time management are based on the level of maturity, yet they often fall under the pressure of peers. Supposedly, with their level of maturity, they should know what the best is for them. But in contrast, they used to follow the others when they really should be attending to their studies. Going to university is a major life change and many students fail to adapt to their studying environment successfully due to lack of maturity and discipline. This, in turn has negative effects in their studies. University years are the most exciting in lots of people’s lives but there are new challenges to face. Furthermore in the technological era nowadays, university students tend to be influenced by the entertainments available. They used to sit in front of computers to online for hours rather than studying. Jump to the worst state, lots of free entertainment exist these days and just needed to sign up with self-identification to access into. Absolutely the students will snatch the opportunities and involved themselves in distraction of obsession. This problem cannot be vanished completely as this behavior is nature to men in handling the pressure. However, entertainments should not be addicted by the students and distract studies. To sum up, as a student we should realize a very deep meaning of a students’ role which we have to follow in order to gain success in future. We should bear in mind that we are suppose to generate a great future position to make our country more sophisticated. To do so we have to determine our own vision and mission in life. For the beginning, do manage the time precisely because time is gold.

Damning Guilt in Shakespeares Macbeth :: GCSE English Literature Coursework

Damning Guilt in Macbeth    Both main characters in the Shakespearean tragedy Macbeth meet unfortunate ends, with this due in part at least to the huge burden of guilt which they must carry through most of the drama.    In Fools of Time: Studies in Shakespearean Tragedy, Northrop Frye sees a relationship between Macbeth's guilt and his hallucinations:    The future moment is the moment of guilt, and it imposes on one, until it is reached, the intolerable strain of remaining innocent. [. . .] We notice that anyone who is forced to brood on the past and expect the future lives in a world where that which is not present is present, in other words in a world of hallucination. Macbeth's capacity for seeing things that may or may not be there is almost limitless, and the appearance of the mousetrap play to Claudius, though more easily explained, has the same dramatic point as the appearance of Banquo's ghost. (90)    Fanny Kemble in "Lady Macbeth" asserts that Lady Macbeth was unconscious of her guilt, which nevertheless killed her:    Lady Macbeth, even in her sleep, has no qualms of conscience; her remorse takes none of the tenderer forms akin to repentance, nor the weaker ones allied to fear, from the pursuit of which the tortured soul, seeking where to hide itself, not seldom escapes into the boundless wilderness of madness. A very able article, published some years ago in the National Review, on the character of Lady Macbeth, insists much upon an opinion that she died of remorse, as some palliation of her crimes, and mitigation of our detestation of them. That she died of wickedness would be, I think, a juster verdict. Remorse is consciousness of guilt . . . and that I think Lady Macbeth never had; though the unrecognized pressure of her great guilt killed her. (116-17)    In "Memoranda: Remarks on the Character of Lady Macbeth," Sarah Siddons mentions the guilt and ambition of Lady Macbeth and their effect:    [Re "I have given suck" (1.7.54ff.)] Even here, horrific as she is, she shews herself made by ambition, but not by nature, a perfectly savage creature. The very use of such a tender allusion in the midst of her dreadful language, persuades one unequivocally that she has really felt the maternal yearnings of a mother towards her babe, and that she considered this action the most enormous that ever required the strength of human nerves for its perpetration.

Contract Law Questions Essay

Max, an improvised law student placed the following advertisement in the Law Student Gazette: â€Å"For sale – Treital – Law of Contact, ? 5† Brian telephoned Max but he was not at home and Celia, Max’s girlfriend, answered the telephone. Brian asked her whether it was the latest edition. She replied that it was not. Brian then said he would give ? for the book and Celia replied that she was sure that was acceptable but for Brian to ring back later that evening. That night Brian telephoned Max. Max told Brian that the book was in excellent condition and that he would not accept anything less than ? 5 for the book. Brian, however, did not hear this because of a fault on the line. The next day Brian called at Max’s house with the ? 4 but Max refused to let him have the book Advise Brian 2. D placed a notice in a local newspaper offering a reward of ? ,000 to the first person to climb to the top of the monkey puzzle tree in his garden and take a photog raph of D’s garden. On Monday E was in the process of climbing the tree when he fell off. He was in hospital for four days. On Tuesday, F climbed to within three feet of the top of the tree but considered it too dangerous to proceed further as he was too heavy for the upper branches. On Wednesday, G was at the top. He was about to take the photograph with the special camera which G had purchased for. Especially for the purpose. D shouted, â€Å"Forget it! There is no money at all. The deal is off. † Later that day, D broadcast an advertisement on the local radio station informing everyone that the reward was no longer an offer. On Thursday, H, the son of D’s neighbor, climbed the tree, took the photograph and claimed the reward. He had not heard the broadcasts on the local radio station. On Friday, E returned to the garden and climbed the tree and took the photograph. Advise the parties.