The Co-Operative Essay Example | Topics and Well Written Essays - 1000 words

The Co-Operative - Essay Example As the years go by, Co-operative food has continued to be versatile in strategy and approach. The company has also placed itself in a position where it is benefiting fully from the advent of technology. For instance it is argued that â€Å"The Co-operative Food will become the UK’s first major grocery retailer to introduce contactless payment in its stores nationwide after joining forces with Barclaycard† (The Co-operative Group, 2010). As a business strategy, the company focuses its strength on growing its smaller retail shops and ensuring fair-trade. Overview of the French food market The decision as to whether or not Co-operative food should enter the French market is one that comes with a lot of considerations before drawing any conclusions. The first of such considerations is a thorough examination of the French Food Market to ascertain the viability of the French Food Market to contain not just Co-operative Food but any other food company. The French market is rep uted for â€Å"better prices, finding more exotic items, and buying in bulk† (Mason, 2011). This means that the strength of the French Food Market hangs around the factors of price, variety and type of sales. Largely due to the fact that fair-trade is upheld and practiced in France, food producers barely have problems with the payment of deserving and fair prices for their food produce. This fairness is to a very large extent transferred to the larger France Food Market where the right of consumers to fair prices is always respected. To this effect, prices of goods are generally lower as opined by Mason (2011). What is more, France’s open market trade that is in place in France makes it possible for as many variety of food items as possible to enter the French market. To this effect, natives and foreigners (especially tourists) are offered an advantage of getting almost everything they want as far as food products are concerned. Lastly, both retail and wholesale food m arketing are in full force in France. Mason (2011) notes that most of the whole sale and in some cases retail sales are done by the farmers themselves. This approach ensures that it is only quality and affordable food products that are sold in the French Food Market. Potential benefits for Co-operative Food entering France Once Co-operative Food, UK finalizes its decision to enter the French food market and indeed enters it, there are a couple of advantages and benefits that the company is sure to tap. In the first place, The US Commercial Service

Differences Between Capitalism and Socialism Assignment

Differences Between Capitalism and Socialism - Assignment Example Remarkable progress was achieved in the fields of infrastructure development and industrialization and the capitalist maximized their profits, but the state of affairs of the labor class of the society remained the same. As the standard of living of the elite class and the capitalists increased with the increased productivity, the disparity and discrepancy between different social classes went on to increase and the lower classes started to protest about their miserable status of living. This led to the development of another socioeconomic ideology which was later called socialism. Socialist thinkers such as Karl Marx and Friedrich Engels declared that state is responsible for safeguarding the basic rights of each and every individual of the society and the ultimate objective of the states should be to provide better services all the classes of the society, irrespective of their financial status (Balcerowicz, 1995). Capitalism Capitalism is a system of economics in which the producti on and the distribution is the ownership of individuals or corporations and the development is proportional to the accumulation and the reinvestment of the profits generated in a free market economy. In simple words the person or the group of persons who have invested its capital, and thus put their money on risk, are entitled to enjoy absolute authority over production and distribution and also the profits generated through the investment of capital. The industrial revolution compelled a considerable number of people living in rural areas to move to the cities in order to enjoy the advantages of industrial revolution. This led to the concept of buying the services of people in return of wages and thus a working class was created in the society, but in contrast to the aspirations of the common people, the working class could not improve their working conditions because they were considered as a means of maximizing profit by the capitalists and were exploited bitterly (Davis & Scase, 1987). The pioneers of capitalism advocate increase in productivity as the greatest advantage of this economic system which results in the economic growth of the society and thus the living standard of each and every individual is improved because resources are utilized to their fullest. Moreover the competition in a free market economy improves the quality of the product which is being produced. However, in the early days with the absence of labor laws and human rights protection agencies capitalism resulted in the exploitation of the labor class by the elite and the promises of better living conditions and improved quality could not be realized. The desire of the capitalists to maximize profits makes the economy money-oriented which promotes a materialistic approach of running the economy. This approach made capitalism very unpopular among the lower classes of the society in the 19th and 20th centuries and thus the new systems of economics like socialism and communism were adopte d as new social ideologies. During the later part of the 20th century, labor laws were formulated and made strong and human rights charters were adopted which greatly improved the state of affairs of the working class in capitalism. The development of these laws and some other laws related to trade and free market economy has helped capitalism to emerge as the strongest and the most-practiced system of economy and a new