Oppurtunity Cost Term Paper Example | Topics and Well Written Essays - 750 words

Oppurtunity Cost - Term Paper Example The articles also indicate how the country has decreased revenue generated from local consumption. The change in energy sources are triggered by the fact that most of the countries are embracing green energy and attributes to the future benefits the energy could have to the environment (196). The environmental benefits according to the article are of environmental benefits are far more important than economic benefits. The country has two energy alternatives. The choice to use renewal energy rather than the natural oil and gas are based on environmental factors rather than the economical value. The natural oil contributed largely to the national income. The country being among the largest producers of oil, the government’s decision to cut off their second largest source of revenue and invest on other sources indicates how choices where triggered by other factors. The decision has nothing t do with the economic benefit but the environmental factors. The decision is triggered by the world millennium development goals. The initial investments may be high and the country may take a longer period to realize the economical benefit to their planned investment. New infrastructure could consume half of the revenue invested by the government towards the sector. Choosing the option would mean that the governments revenue on oil and natural would dwindle. The country depends on agriculture and oil export to contribute to the national revenue. The elimination of natural oil will mean that the country depend mostly on agriculture as their main economic activity. The national expenditure will increase meaning resources allocated to national development. This means their opportunity cost would be the revenue collected from the renewable energy subtracted from the income that would otherwise be collected from exports of natural oil and gas. The result is the sacrifice foregone by the government to ensure a sustainable environment. The new investment

Electronic commerce and application Assignment Example | Topics and Well Written Essays - 1750 words

Electronic commerce and application - Assignment Example This paper explores the existing debate between first-mover and follower firms to study the impact of each of them. The synthesis of the existing literature points out that the first-mover advantage in e-commerce comes from both the customer and the producer side. It has been documented that the first-mover firms have an opportunity to obtain greater knowledge about customers and securing their trust. Works of researchers like Reichheld and Schefter (2000) had comprehensively pointed out the advantages that accrue to the producers on account of FMA. Another recurrent factor in the academic discussions is the higher market share that results from the FMA. They suggested affiliate relationships, establishing partnership with major portals and increasing access to financial resources as the major advantages (Barney, 1991). One of the major examples of firms using e-commerce for growth is Netflix which has introduced features like personalization tools and recommendations systems as a useful mechanism to differentiate between customers in the rental business. Similarly, e-bay had also banked on the e -tailing technology to rapidly expand its set of buyers and sellers. Despite the advantages that can be earned from the FMA, several researchers have also shown that follower firms can also gain a number of advantages by replicating the efforts of the leading firms (Suarez and Utterback, 2007). For instance, the research of Golder and Tellis (1993) had shown that late movers can easily become free riders on the first-movers allowing them to obtain similar knowledge regarding buyer education and enhanced security in transactions. Other researchers like Suarez and Utterback (2007) have shown that late movers can have additional advantages as the market uncertainties and technological drawbacks are removed by the time they enter. Finally, factors like customer satisfaction and customer needs can only be comprehended after a certain time span has elapsed proving