Wednesday, August 26, 2020

Approach to Marketing vs Value Approach Essay Example | Topics and Well Written Essays - 250 words

Way to deal with Marketing versus Value Approach - Essay Example All the four P’s are ordered to as the promoting blend. The most significant thing is the item and ought to fulfill the purchaser. The cost is the sum that the client pays for the item. The things that ought to be placed into thought when setting up a cost is the unbiased evaluating, advertise skimming cost and the infiltration valuing. The cost decides the companies’ benefit. Advancement is essentially all the abilities of promoting united to advertise items. Spot is equivalent to circulation and it is where the customers go to buy the items (Ramas, 2012). With regards to promoting all the parts of holding and drawing in more clients turns into a need. This is accomplished by making, conveying, and conveying to the clients. Promoting of the items is significant through magazines, papers, web advertisements and TV publicizing. There are different methods of making the items to succeed in the market like the marking, estimating, advancement, item plan and numerous others. Showcasing is significant since one can't maintain a business without clients. They are the most significant partners in organizations (Charles, 2010) Making, conveying, and conveying esteems to clients gives us what a decent meaning of advertising is. Both promoting and market blend are significant and go connected at the hip to accomplish a decent fruitful

Saturday, August 22, 2020

The Solution of Human Freedom Essay

The Solution of Human Freedom Essay The Solution of Human Freedom Essay There are three primary classifications of theory concerning the degree of human opportunity: unrestrained choice, determinism and compatibilism. All they offer answer for the inquiry how much opportunity does an individual have. Be that as it may, every one of them have their specific quality and shortcoming, so none of these position can be a particular arrangement. Unrestrained choice gives an answer, that expresses a chance of any individual to settle on an individual decision without the impedance of any conditions (Caouette). Its quality is that as indicated by this taking in the individual is free from anyone or any events and that the person in question has the capacity and option to do any activities. That is to say, that people activities is just under their duty and that there is no participle from any unrivaled powers. Determinism is a way of thinking position, that attests that human doesn't have any control of his destiny and that it is resolved distinctly by the desire of God (Hannan, and Lehrer 49-54). Its quality is that whatever botch a human could do, it is clarified as the Gods will, which removes any obligation regarding these activities. Subsequently, individual ought not stress over the integrity of their activities, as they are opportune by God. Compatibilism is a way of thinking position, that allows the concurrence of unrestrained choice and determinism (Hannan, and Lehrer 49-54). The quality of its position, that individual could live as indicated by their choice and simultaneously to accept that their activities could be supported by the Gods will. From this state comes the resolution, that individual could do anything as indicated by their choice, however recall that any activity will be trailed by the God. Be that as it may, there is a rundown of shortcomings of each classification. The shortcoming of through and through freedom is that as indicated by this position individual may have an excess of opportunity. In this manner, if individual can't understand judicious outskirts of their opportunity, any activity, that hurts other individual or is vindictive for the general public, can be advocated, as individual has indisputably the option to do whatever the individual needs. Discussing the determinisms shortcoming, it very well may be stated, that any reality in people life, regardless of it is certain or contrary, is approved upon the Gods will. Thereof comes the resolution that human doesn't have any capacity to completely change its and that it is destined to effectively composed content of life. The main decision, that is left to individual is to live unassumingly as per the Christian profound quality, as any endeavors to change their life are silly. The shortcoming of compatibilis m is that as per its definition, the idea of opportunity is dynamic. Individual believes that the person activities generally to individual decision, however really these activities are foreordained by the God. Its finish is that its position turns into the equivalent to the situation of determinism and that regardless of whether individual thinks about own moves as the own decision, there is no opportunity indeed. Regardless of which of these philosophical ideas the individual holds, none of their answer of human opportunity is great. It is hard to locate the rightest arrangement, so every individual ought to pick it as indicated by singular feelings and perspectives. It is likewise critical to discover a trade off with individuals of various perspectives to this inquiry. You can likewise recruit an expert exposition essayist to have your way of thinking paper composed without any preparation. Our article composing administration is resolved to furnish understudies with top notch custom papers.

Thursday, August 13, 2020

The 2009 Brass Rat

The 2009 Brass Rat Friday evening was the unveiling of the Class of 2009 Brass Rat. Ring Premiere, as its called, is one of the largest milestones of the MIT undergrad experience. A lot of you probably have class rings from high school, or might even be in the process of picking one out right now. If yours is anything like mine, its got a pretty simple design. Theres a birthstone with my high schools name winding around it on the front, my class year and high schools symbol on one side, and a custom design on the other (mine has my name and a field hockey symbol). Here at MIT, we do thingsa little differently. First, some history: the MIT class ring is officially called the Standard Technology Ring, and has been affectionately nicknamed the Brass Rat. Its not brass and its not a rat, dont ask me. (If anyone else has an explanation for this, by all means, drop me a note.) Its been an Institute tradition since about 1929 for each class to customize the ring to reflect their time here. At the end of the freshmen year, about a dozen students are appointed to the Ring Committee (by the class council, I believe). The Ring Committee spends the first half of the sophomore year designing the ring, which is unveiled at an event called Ring Premiere. I was really excited about Ring Premiere, until the Ring Committee accidentally leaked the design early (oops!) so I heard some gossip about some of the rings details beforehand. This ruined the fun a little bit, but Im glad I went to the Premiere, which was a really fun experience. Now for the fun part: Class of 2009 Ring Design A friend of mine was quoted in the Techs article about the ring leak (Carlos 09s comment was rather.colorful) saying, Thats gross and disgusting. I found this hilarious (partly because Carlos is pretty hilarious to begin with), and when I talked to him about it, he said that he mentioned a bunch of positive things too, but somehow the reporter forgot to mention those. So Id just like to get my actual opinion of the ring out there before my name appears in the Tech in a similar fashion on Tuesday. =) (The girl sitting in front of me during the Premiere happened to be a Tech reporter, and I think she probably asked for my opinion because she heard me making loud and sometimes sarcastic comments the whole time. Hey, I missed Charm School this year.) Overall, I like the ring. Designing a ring for 1000 people cant be easy, and no one is ever going to be 100% satisfied. I definitely have some problems with it, (which Ill elaborate on in a minute) but there are some really cool things as well. Each ring typically has 5 components: the skylines on the sides of the ring, the map on the underside, the bezel (the front or top of the ring), the seal shank and the class shank (which go on opposite sides). Here are the images, along with my comments. Anything in quotes was taken directly from the design description page linked above. The Skylines The Cambridge skyline is shown at night, in tribute to the fact that MIT students are primarily nocturnal. =) The Hackers Map Each class has a hackers map on the underside of their ring, which depicts all of the campus buildings as well as the underground tunnels that connect them. One neat detail specific to the 09 ring: building 6 is not connected to anything, to commemorate the fact that it has been inaccessible due to construction since our arrival. Class Shank The class shank is usually centered around the image of the Great Dome and Killian Court, and our design is no different. My thoughts on the 09 Class Shank: The Awesome: Pluto! In solemn remembrance of the former ninth planet, Pluto is engraved to the left of the Great Dome. =) Also cool is the dollar bill behind the columns in Killian Court- back in the 70s, a student pained a big mural of a dollar bill over the cashiers office door. Years later, the cashiers office was moved, and the space was renovated and made into a lounge. There was a huge controversy over this, as many students resented the removal of the mural as an attack on MIT culture. (You can read some of the Techs coverage of the story here.) In the end, the mural was removed, but a small image of it, along with an explanation, was left on the glass wall of the new lounge. While I personally was not upset by the removal of the mural, Im glad the Ring Committee included a tribute to it on the Brass Rat. Also, below Building 10 is an ambigram. Its an awesome idea that didnt really come across so well, but basically the image reads punt, until you turn the ring over to reveal the word tool- both of which are MIT slang for screw around instead of doing work and work really hard, respectively. The Less Awesome: The zero with wings (to represent the fact that were the last class to be able to abbreviate our year with a 0, as in 09) and the T token (on the left of the inscription, included to symbolize the retirement of the token in favor of the card form of payment) areweird. Theres also supposed to be a fire department symbol to the right of the inscription in tribute to the fire truck hack, which would have been awesome. Unfortunately, the symbol is so small and obscure that its impossible to recognize, which makes its inclusion pretty much pointless, in my opinion. The infinity on the dome is also kind of silly- its supposed to represent the infinite possibilities at MIT or some such thing, but I think they could have come up with something much cooler for such a prominent symbol (the 08 ring has their class number in binary, for example). Bezel The bezel is the top of the ring and always features the Tech mascot, the Beaver. The bezel often has the most room for personalization. Cool things: The motto IHTFP is artfully hidden in the beavers tail. Look along the up and right diagonals if you dont see it right away- its hidden pretty well. Theres also a canon in the background to represent MITs unique hacking community and rivalry with other institutions. Then theres this line: The gnawed logs in the lower left represent the hard work of the beaver and of MIT students. Below the fallen log are eight ivy leaves crushed by the beavers accomplishments. =) Uncool things: The hands of the watch have been replaced with the male and female symbols, to represent how gender balanced the class is. Ill explain my take on this in just a minute Seal Shank The seal shank features the official MIT seal. Theres also some room for customization, and most classes add a few symbols to this shank. The seal shank is the part of the ring that has the most potential for controversy lately. Heres a quick history lesson: the official MIT seal shows two figures- a scholar and an artisan to represent the two parts of MITs official motto Mens et Manus (Mind and Hand). The Class of 2002 Ring Committee modified the seal on their ring to include a woman. The Class of 04 originally intended to do the same, but when the design was leaked early and the class reacted negatively, they changed the seal back. More recently, the Class of 07 modified the seal, and there are some interesting quotes from students in the article in the Tech about the 07 Brass Rat. Heres my take on the whole thing: I personally would have preferred to have a woman on the ring. Why? Because Im a woman, and I go here, and when I look at the ring and seal without a woman, I dont see myself. So yes, Im a little disappointed that the seal features two men. But heres the thing- Im still going to buy one, for crying out loud. If no one had ever put a woman on the seal, I doubt Id be organizing some crusade to get one on there. But the fact is that once the 02 Ring Committee opened that can of worms, theres no shutting it. The thing that really, really, really ticks me off (to use the polite term) is how angry other people get when the topic is raised. People walked out of the 07 Ring Premiere, all because the class ring had a person of the female gender on it. Are you freaking kidding me? They tried to put together a petition to have an alternate version of the ring. They were that offended by a symbol indicating an even gender ratio at MIT that they never wanted to w ear it. That may not sound so bad, but youve got to understand that the Brass Rat is a BIG DEAL here. Nearly everyone buys one and wears it for years and years. I met an alum from the class of fifty-something last semester who showed off his ring to me. A lot of people claim that the seal should be unaltered because its tradition. Its always been my personal opinion that tradition is a silly thing to hold as an absolute. I love that MIT has so many traditions here- like the Brass Rat, and hacking, and smaller cultural symbols like IHTFP and so on. But I see no reason why traditions cant change. I mean, once upon a time it was tradition for only men to apply to college in the first place. Should we have held on to that particular tradition? When Melis blogged about last years Ring Premeire, she said she was most upset by the members of her class who cheered at the reveal of the all-male seal, and I have to agree (there was a similar reaction to this years reveal, although I think Meliss classs reaction was stronger). I may not be offended very much if theres no woman on the ring, but I am offended by the people who stood and cheered because there wasnt one. Just like Melis, it really ticks me off that people at a place like MIT arent more open-minded to progress and change, and would be offended by the alteration of an MIT symbol that does not relfect forty-something percent of the student body simply because it breaks with tradition. So yeah, I do think the male and female symbols on the stopwatch are a cheap cop-out to dealing with the actual issue. /rant Like I said, I really do like the ring. I would have preferred a woman on the seal, but Im not adamant about it. I am upset about peoples reaction to that whole issue, but theres not much that can be done about that, is there? In the end, there were some awesome icons (Pluto and the canon were my favorites) and Im just excited to get my very own piece of MIT history in April. More Reading about the Brass Rat: A Bevy of Beautiful Brass Rat bezels (by Matt) Presentingthe 2008 Brass Rat!!! (be Melis) The Brass Rat (by Matt, about the 2007 Ring Premiere) Tech article about the 08 ring 2007 Brass Rat (by Mitra, who was on the 07 Ring Committee) Ring Delivery Photos (also by Mitra) Post Tagged #Brass Rat

Saturday, May 23, 2020

A Brief Look at Iran - 865 Words

The first thing to find was some basic information about Iran. I found out that Iran is located in southwestern Asia. Iran is 1,648,000 square kilometers and extends 2,250 kilometers, which is slightly bigger than Alaska. Iran’s estimated population for 2015 is 81,422,000. The language for Iran is Persian, Arabic words, or dialects of Turkish. The climate in Iran is hot summers and cold winters across the plateau (Iran, Encyclopedia). Spring starts on the Persian New Year’s day. The temperature for the capital in January averages from 7 degrees Fahrenheit to a high of 45 degrees. In July averages from 72 degrees 99 degrees. Throughout the year, they get 40 to 60 inches of rainfall. The plateau doesn’t exceed 12 inches of rainfall. The erosion causes desertification (Iran, Encyclopedia). The second thing I wanted to learn was what happened in Iran’s history. I discovered that Medes and Persians occupied Iran in the 1500s BC. The Persian King nam ed Cyrus overthrew Medes. The Russians and the British fought for economic control during the Qajar Dynasty. On January 16, 1979, the Shah and his family fled Iran. On November 4, 1979, revolutionary militants invaded the United States embassy in Tehran. On January 20, 1981, 52 American Hostages were released ending 444 clays in imprisonment (Iran, Info). Iran only released the hostages after their demands were met. Iran wanted the U.S. to stay out of their business and all damage claims made by the United States beShow MoreRelatedPersepolis Essay820 Words   |  4 Pagesmarginalized, excluded or silenced within the text? Another interpretation of the word within suggests we look at how one character silences another character in a text. For example: How are secularists silenced by the Islamic Revolutionists in Persepolis? The autobiographical graphic novel, Persepolis written by Marjane Satrapi opens up with the chapter The Veil, in 1980 in Iran, when the revolution has began. 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Meanwhile, in Khuzestan, the center of Iran s oil industry, members of the Arabic-speaking population organized and demanded a larger share of oil revenues for the region, more jobs for local inhabitants, the use of Arabic as a semi-official language, and a larger degree of local autonomy.Read MoreHow and Why Is a Social Group Represented in a Particular Way? Persepolis1442 Words   |  6 PagesWhich social groups are marginalized, excluded or silenced in the text? Outline: * Show how Marjane Satrapi grew up under oppression during the Islamic Revolution in Iran. * Give and explain evidence of how the author presents that different social groups were marginalized/silenced. * Show how Marji and her parents shared the same beliefs when making reference to the regime.    The graphic novel Persepolis, by Marjane Satrapi, explores her childhood years in the middle of the IslamicRead MoreHow and Why Is a Social Group Represented in a Particular Way? 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It’s important to see how the Pahlavi family rose to power to understand the condition of the monarchy and what changed between the reigns of the different monarchs. Shiva Balaghi’s A Brief History of 20th-Century Iran is a valuable resource

Tuesday, May 12, 2020

Acme Manufacturing Company - 764 Words

Acme Manufacturing Company Introduction: The case of Acme Manufacturing Company is about a production manager who is basically lost his control over his time management. Because of that he did lots of mistakes in his daily professional life. Before we understand the whole case, we have to know all the character belongs to this case. So I tried to list out all the character below: * Steve Arnold: Production Manager amp; theme person of the case. * George Summers: Steve Arnold’s Friend. * Ruth Sweeney: Steve Arnold’s Secretary. * Frank Jones: Vice President of Production amp; Steve Arnold’s Boss. * Sue Bradley: Vice President of Sales. * Lucy Adams: Production Supervisor. * Paul Chen: Production†¦show more content†¦As a result, the task of Sue Bradley is in hanging situation or undone. In my surveillance, I just found all these wrong doing by the Steve Arnold did in this case. Steve could do the task by this Way: * At first, Steve could manage a schedule for his task by job priorities. Production Report can also be done in the relax time. * The first 1 or 2 hours in office is crucial. Most of the tasks are done at that time. If you are late, burden will be heavy to heavier. Steve has to come office as early as possible or before 10 to 20 minutes the office hour start. * By maintaining a good relation with friend, it can be said that- hello, how are you, meet you later at the holiday. * There should be a file for every important document. So that it can be used at the proper time. * If the senior officer gives me any task it means it has some exigency. Steve delegate the rush order of Sue Bradley to the Lucy Adams. Steve should do the important task by himself. * Before join any meeting, intention of the meeting has to be understand. Steve could find a small time to study about the agenda of the meeting. So that It could be a beneficial meeting. * Steve failed to priorities the task. Quali ty data is important than Production report because if the proper quality data could not be given, ultimately the production will be stopped. He could make the quality data first then Production report. Steve should follow some professional lifestyleShow MoreRelatedCase Study : Acme Manufacturing Company1233 Words   |  5 PagesPaper 1 Part 1: Acme Manufacturing Company Read the case study on pages 45-47 of your textbook then analyze the activities of the production manager Steve Arnold in order to identify effective and ineffective behavior. Identify weaknesses in time management and propose remedies. The problems involve several managerial functions, including delegation, planning, and monitoring. 1. What specific things did Steve do wrong and what should have been done? Steve did many things wrong but specificallyRead MoreCase: Acme Manufacturing Company Case United Machine Workers1118 Words   |  5 PagesCase: Acme Manufacturing Company Case amp; United Machine Workers Introduction to the case analysis The legal aspect of every contract in business requires critical analysis for every term in accordance to the specifics upon which both parties are involved. The reason for analyzing such terms carefully is because it can become a crucial part in determining the decision making when addressing any business problem. This is generally more important from the perspective of the company managementRead MoreEssay on Wan Design776 Words   |  4 PagesCompany Overview In this plan, I will describe the process of creating a WAN for ACME Manufacturing. ACME Manufacturing has six buildings in different locations that need to be on the same network. Headquarters and the other remote locations of ACME Manufacturing share the need for constant communication with each other. Atlanta, Georgia, is the home of ACME manufacturing where they have another building across the street, their engineering facility. The other locations are in Phoenix, ChicagoRead MoreThe Strategic Intent Of Each Company1523 Words   |  7 PagesTechnology Products was bought out in 1986 by a manufacturing firm from Cleveland. This firm, in turn, sold the electronics division plants which manufacture computer chips to different investors. From this sale, the two plants were divided into separate companies, Acme Electronics and Omega. (Daft, 2015, p. 171) The purpose of this case study analysis is to look at the strategic intent of each company, their organizational goals, and how each company performed while competing for a major photocopierRead MoreWan Design Final Project Essay833 Words   |  4 PagesWAN Design Farrah Slayton IT/242 June 26, 2011 Mike Stansbury WAN Design Acme Manufacturing is an up-and-coming company that is now expanding to China, as well as other locations throughout the United States. The company will have the need for new equipment, a set-up appropriate for all locations to be able to communicate together on a weekly basis, and security is a priority. With the headquarters being located in Atlanta, GA, they house the corporate operations, marketing, administrativeRead MoreParadoxical Twins Acme and Omega Electronics1694 Words   |  7 PagesParadoxical Twins Acme And Omega Electronics By ABC Paradoxical Twins Acme And Omega Electronics Defining the issue After reading the case of the â€Å"Paradoxical Twins Acme and Omega Electronics†, I found Both Acme and Omega produce similar products and offer similar services. Acme president John Tyler is a very tough going individual and he is portrayed to be an autocratic individual because there is one way communication in Acme. The case provides an opportunity to evaluate both Acme and Omega’sRead MoreParadoxical Twins Acme and Omega Electronics1708 Words   |  7 PagesParadoxical Twins Acme And Omega Electronics By ABC Paradoxical Twins Acme And Omega Electronics Defining the issue After reading the case of the â€Å"Paradoxical Twins Acme and Omega Electronics†, I found Both Acme and Omega produce similar products and offer similar services. Acme president John Tyler is a very tough going individual and he is portrayed to be an autocratic individual because there is one way communication in Acme. The case provides an opportunity to evaluate both Acme and Omega’s organizationRead MoreEssay Acme Manufacturing Wan Design847 Words   |  4 PagesAcme Manufacturing WAN Design Acme Manufacturing is a growing company that is headquartered in Atlanta, Georgia. Recently the company has acquired a manufacturing plant in China and multiple offices in the United States. Acme is now in need of a WAN solution to connect their many offices. All new equipment will be used to build the LANs at the offices. Then the LANs will be connected to the WAN to allow for easier communication and data transfer between the offices. The headquarters in AtlantaRead MoreIT 242 - Final Project WAN Design Essay1126 Words   |  5 Pagesneeds of Acme Manufacturing The growing company of Acme Manufacturing has numerous operational facilities in many different locations. The offices are throughout the United States with Atlanta, Georgia as the company’s headquarters and their plant in China. The headquarters supplies corporate operations, marketing, administrative staff, and accounting. Engineering is across the street from the headquarters’ building. Engineering contains the sales and engineering departments. Acme Manufacturing’sRead MoreUsing An Activity Base Costing ( Abc ) System1294 Words   |  6 PagesWhile all three costing method would work for a newly existing company in various areas, the actual costing method would be best for the first few years. The reason for this rationale, is that the company is new to the business environment and it would take some time for managers to acclimate their operations and production levels. As time passes, managers will have to change their strategy to the normal costing to avoid losing consumers to its competitors. Firms’ have to be able to reduce costs

Wednesday, May 6, 2020

Spatial Information and Occupational Roles Free Essays

Drafting It Is the representation or a draft of an object or an area with specific measures. It Is armorial done with the lad of rulers, scales, compasses, etc, 7. Geographical information systems (GIS) geographical information, especially maps. We will write a custom essay sample on Spatial Information and Occupational Roles or any similar topic only for you Order Now Part C Use the internet and/or local newspapers to find and list five Jobs that require people with one or more of the abovementioned skills. List the complete Jobs (I. E. Where it is located, who it is for and what skill is required). Job number 1: Researcher in Forest Remote Sensing; Location: Vienna, Austria; Company: University of Natural Resources and Life Sciences (BOOKIE, Vienna); Skills: You possess a Master degree in Conscience, Geography, Natural Resource Management, Forestry, Agronomy or related field. You have significant practical experience in the use of optical remote sensing data. You are highly interested in scientific research questions and you are creative. You possess experience in digital image processing and have a good knowledge in ERDA Imagine or similar software for digital image processing (e. . IDLE-Nevi). Job Number 2: GIS Officer; Location: Western Australia; Company: Dumpier Port Authority; Skills: tertiary or post graduate qualification in GIS or related field alongside a minimum of here years’ experience with GIS applications and SERIES suite extensions, relational databases and various other data formatting applications. You will also have a sound knowledge of geodetic concep ts and cartographic standards. Your demonstrated ability to problem solve and communicate with various stake holders and work autonomously with strict deadlines will be the key to success in this role. Job Number 3: Spatial Consultant; Location: Company: Western Australia; Spatial Solutions Pity Ltd; Skills: A high level of attention to detail, Team spirit – with a desire to contribute and elaborate, an ability to think laterally, excellent communication skills, a dedication to innovation, a GIS related qualification, an ability to manage expectations with a strong service orientation, excellent organizational and time management skills, the ability to work under pressure and coordinate workflow to meet deadlines. Job Number 4: Coastal Resource Management Officer (Philippines); Location: Philippines; Company: Australian Red Cross; The volunteer will need significant diving experience in order to view and map underwater systems. Through GIS they will collect crucial data about henchmen, potential impacts, existing stress and the area’s physical geography which will identify vulnerable areas and support provincial decision making. The successful candidate will demonstrate: Experience in GIS and data management analysis certified and experience diver, tertiary, professional or technical qualifications in GIS or equivalent work experience, self-awareness, cultural sensitivity, flexibility and adaptability, resilience. Job Number 5: Land Surveyor; Location: Darwin; Company: Swift Worldwide Resources; Skills: looking for someone tit the following: Certificate, Associate or Bachelor degree qualification in Spatial Sciences, current manual drivers’ license, able to work away from home for extended periods, motivated and able to work autonomously, fit, healthy and able to cope with challenging work and environmental conditions. How to cite Spatial Information and Occupational Roles, Papers

Sunday, May 3, 2020

Olympics History of Humanity

Question: Discuss about theOlympics for History of Humanity. Answer: Host Country Olympic Game is one of the popular global events in the history of humanity. The international event usually organized after 4 years brings together participants from different parts of the world to participate in a wide range of field events including marathon, short races, discuss, swimming, javelin, football, handball, basketball, just to mention, but a few (Prayag, Hosany, Nunkoo Alders 2013). Questions have been raised regarding the benefits of Olympic Games to the host and participating nations. When it comes to finances, it is no doubt that Olympic is one of the most expensive global events that require a lot of resources to the tune of millions of dollars. Its costs are not constant because they depend on many factors including the host nations economy. Therefore, according to official report, the most expensive Olympic event so far is the 2014 Sochi Winter Olympics whose costs were estimated at US$ 51 billion. This was closely followed by the 2008 Beijing Summer Olympics which cost a whooping US$44 billion, 2010 Vancouver Winter Olympics 1.7 billion, 2016 Rio de Janeiro Summer Olympics which cost approximately US$ 11.6 billion, and 2012 Summer London Olympics which cost US$10.4 billion (Agha, Fairley Gibson 2012). This money is used as operation, venue construction, and infrastructure costs specifically for the construction/renovation of the stadium, Olympic Village, roads, railway lines, airports, security, accommodation, feeding, and transportation. It is a policy requirement that Olympic costs are footed by the tax payers, Olympic Games, debts, and the International Olympic Committee (IOC). For instance, IOC has a responsibility to disburse at least 90% of its resources for Olympic Games. On the other hand, tax payers from the host nation or city are also obliged to contribute for the games. This justifies why the tax payers contributions amounted to US$11.6 billion in 2016, US$4.4 billion in 2012, and US$ 2.3 billion in 2010 (Prayag, Hosany, Nunkoo Alders 2013). However, despite this huge spending, Olympic Games have been bringing a mix of fortunes to the host countries. Apart from benefiting the host by building its reputation, enhancing infrastructural development and boosting the prosperity of its tourism sector, Olympic Games have, on different occasions, proven to be profitable or unprofitable investments because of the profits and losses realized. Whereas the 2006 Turin, 2004 Athens, and 2000 Sidney events brought massive losses to the respective host nations, the 2010 Vancouver and 2008 Beijing events realized a profit of US$70 million and US$ 146 million respectively (Agha, Fairley Gibson 2012). Based on this analysis, it should be concluded that the hosting of an Olympic event is a viable venture that benefits the individual athletes, local business community, and the host government at large. Despite the challenges, these parties emerge as winners because at least each of them has some benefits to enjoy as a result of the event. Participating Country As a member of the commonwealth group of nations, Australia has been participating in each of the Olympic Games. Meaning, just like any other participating country, Australia has to heavily invest in Olympics. This explains why, over the years, the commonwealth government of Australia has been, through entities like the Australian Institute of Sport and Australian Sports Commission, spending a lot of money to promote sporting activities in the country (Boykoff 2013). Precisely, the government allocates a total of $250 million annually to the Australian Sports Commission to use in sporting activities in the country. Out of this money, $ 100 million is used in the training of elite sportsperson participating in Olympic Games. Since the London Olympic Games, the government has been spending $32 million on Olympic. $ 27.5 million of this amount has been allocated to the sports commission to use as direct grants to the athletes while undergoing training. Since this is government money, it is directly sourced from taxes. Meaning, it is the tax payers whose resources are used to finance Olympic Games (Vanwynsberghe, Surborg Wyly 2013). When it comes to returns, it has been argued that the government spends too much money on Olympic Games. This argument is based on the fact that during each event, Australia does not get commensurate number of medals. Meaning, the costs are higher than the returns. Conclusion Although Olympic Games have been labeled as a costly affair, it should be encouraged because it has lots of benefits to the host and participating nations. Apart from helping in the development of infrastructure and tourism sector, Olympic Games can also benefit a participating country. Australias participation in Olympics should not only be looked from a financial perspective. Heavy investment in Olympic Games is useful because it encourages statesmanship, national glory and pride. For example, the 29 medals that were gotten from the 2016 Rio Olympic Games benefited the country because it brought joy to all Australians. References Agha, N., Fairley, S. Gibson, H., 2012. Considering legacy as a multi-dimensional construct: The legacy of the Olympic Games. Sport Management Review, 15(1), pp.125-139. Boykoff, J. (2013). Celebration capitalism and the Olympic Games. Routledge. Prayag, G., Hosany, S., Nunkoo, R. Alders, T., 2013. London residents' support for the 2012 Olympic Games: The mediating effect of overall attitude. Tourism Management, 36, pp.629-640. Vanwynsberghe, R., Surborg, B. Wyly, E., 2013. When the Games Come to Town: Neoliberalism, Mega?Events and Social Inclusion in the Vancouver 2010 Winter Olympic Games. International Journal of Urban and Regional Research, 37(6), pp.2074-2093.