Synthesis Paper Essays - Research Methods, Scientific Method

Synthesis Paper Liberty University Psychology 255 Information learned about research at the introductory level of this course: Throughout this course there has been much valuable information that has been learned. Within the scope of the course one of the things that have been learned is that in research there are a great many different approaches that can be used. Research is very important because while some research is completed just for the purpose of gaining knowledge, more often than not research is used to provide future help in cases that present similar circumstances and symptoms. Another factor in regards to research that was learned, that is important to know as a Christian is that research and the researchers themselves are held to a high standard of quality. Researchers have to abide by a code of ethics. What this means is that the research results that they present at the completion of their research must be true and accurate, as well as be able to be replicated. As a Christian this information is re-assuring to know that the results found are true and actual facts that can be relied upon, and are not something that has been made up. Within the Cozby and Bates text the authors point out that when performing a particular research project, the researcher should make sure that each potential participant is well informed on the type of research that they are involving themselves in. Meaning that each individual should be provided with all of the important information about said experiment, that way they are able to make informed decisions if they would choose to participate in the study. (Cozby & Bates, 2012 p.44) In regards to the research, this means that the researcher is to be upfront with all information that pertains to the study as well as the participant. If a researcher were to withhold any kind of key information that is important to the study from those that may be participating, this is deemed as deception. The text describes deception as misrepresentation of information. (Cozby & Bates, 2012 p. 46) In one of the first discussion boards the class compared scripture to the code of ethics that researchers have to abide by. One of the principles that stood out for this student was standard three, Human relations, 3.01 Unfair Discrimination. This particular ethical principle states that "In their work-related activities, psychologists do not engage in unfair discrimination based on age, gender, gender identity, race, ethnicity, culture, national origin, religion, sexual orientation, disability, socioeconomic status or any basis proscribed by law." This ethical principle of Psychologists Code of Conduct coincides with several scripture throughout the bible. The Bible gives many different examples of the way God expects us to show fair treatment of others, as well as how we should treat people regardless of their station in live. In Galatians 3:28 the scripture says "There is neither Jew nor Greek, there is neither slave nor free, there is no male and female, for you are all one in Christ Jesus." Another verse in the bible that deals with Unfair Discrimination is James 2:2-4 which states "For if a man wearing a gold ring and fine clothing comes into your assembly, and a poor man in shabby clothing also comes in, and if you pay attention to the one who wears the fine clothing and say, "You sit here in a good place," while you say to the poor man, "You stand over there," or, "Sit down at my feet," have you not then made distinctions among yourselves and become judges with evil thoughts?" Within the course it has also been learned that there are a wide variety of methods that can be used to be able to gain the information that a researcher is attempting to attain, to gain knowledge on this particular topic throughout the duration of the research study. Each of these research methods are important in their own ways. These approaches are used in different sets of circumstances according to which approach would work best for that particular situation. Two of these methods that were gleaned from this course that this student hadnt been aware of prior to this course are the concepts of qualitative and quantitative research. Qualitative Research

Current Ethical or legal Healthcare Concern Essay Example

Current Ethical or legal Healthcare Concern Essay Example Current Ethical or legal Healthcare Concern Paper Current Ethical or legal Healthcare Concern Paper Essay Topic: Current Health care is one of the most important services necessary for the well being of human life yet it is marked with special ethical and legal requirements which guarantees the privacy, security and confidentiality of the patient. The importance of protecting patient’s information is evidenced by the legislated restrictions by the state which prohibits patient’s information to be revealed to any unauthorized person unless it is legalized by the patient or under special circumstances such as promoting public health or protecting child abuse (Shea, Levin, Lyer, 2006). This paper is written to discuss confidentiality of health information as an ethical and legal concern of health care. As per the American College of Health Care Executives, health care professionals have professional, ethical and a moral responsibility give patients medical information the confidentiality and security it deserves (Rodrigues, 2009). It is therefore an obligation of the health care executives to determine the rightness of disclosing the patients’ medical information to the third party under the effects of the state laws and the federal laws at large. In order to achieve this, the author of this paper proposes health professionals to put in consideration a number of things to on the list being the limited disclosure of patient’s medical information to any unauthorized third party. This is because health care professionals have to seek all the details necessary for diagnosis of the patient’s disease. Any betrayal of the patient can amount to loss of confident and hence failure to express there some information concerning their problems. Another obligation of the health care executives is to ensure that the health care center’s policies are inline with the existing state and federal laws and regulation. As a responsibility, they should make sure that all the health care workers are knowledgeable on the importance of keeping patient’s information confidential and secure as well as the corresponding consequences of disclosing it (Rodrigues, 2009). The health care personnel should be in a position to appreciate their responsibility in this matter and the punishment which will follow on violation. To achieve this, health care executives will have to come up with means of protecting patient’s medical records as well as any computerized data through a well reliable and secure storage system which as well provide quick access of the information when required by the authorized personnel. In addition to this, a disaster recovery system which will enable the institution to keep a track on the accessibility and use of the medical records as well as giving a feed back on who had accessed the information (Rodrigues, 2009). Further to this, identification systems of patients which do not involve personal details such as names should be designed in order to eliminate this unethical behavior of disclosing patient’s information. Health care organizations still needs to come up with a well crafted and written agreement which defines the circumstances under which the patient’s information is disclosed, people who are legitimate to access the patient’s information, the punishment to be endorsed to the victims of this mistake and the procedures of compensating the patient’s whose information has been disclosed (Shea, Levin, Lyer, 2006). This agreement should also contain procedures of educating the patients about confidentiality and security of their private information and should be inconsistency with the state and the federal laws. In conclusion therefore, patient’s medical; information should be confidential and kept secure. It is governed by the state and the federal laws and therefore it is the responsibility of the health care executives to come up with policies which will ensure that these laws are adhered to. References Rodrigues, R. (2009). Ethical and Legal Issues in Interactive Health Communications: A Call for International Cooperation. Retrieved August 16, 2010, from ncbi.nlm.nih.gov/pmc/articles/PMC1761840/ Shea, M., Levin, B., Lyer, P. (2006). Medical Legal Aspects of Medical Records. New York: Lawyers Judges Publishing Company.

Ideas for Christmas Journal Writing Prompts

Ideas for Christmas Journal Writing Prompts Journal writing, at least three times per week, is an important part of any language arts program in elementary school. These Christmas writing topics will inspire your students to write about the festive and seasonal ideas that are on our minds every December. Christmas Journal Writing Topics What does it mean to have the holiday spirit?Why do you think red and green are the Christmas colors?What are you and your family most grateful for this holiday season? Write about three or more things.Describe what you know about the North Pole. Describe a typical day for the elves.Take five minutes to draw your family celebrating the holidays. Then write in detail about your traditions. Use your five senses to describe the celebrations tastes, looks, smells, and textures.Tell about how each member of your family contributes to your Christmas traditions.If Christmas is one of your favorite holidays, describe why you enjoy it so much. Are there any parts of the holiday that you dont like? If you dont enjoy Christmas the most, how do you think it could be made better?What is your favorite Christmas book? Describe the plot and your reactions to it.What are your wishes for the world this holiday season?Use your imagination to describe Santas journey with his reindeer. Start from the mom ent he packs up the sleigh to when he returns back to the North Pole. Do you wish Christmas was every day of the year? Why or why not?Pick three New Years Resolutions. Describe why you picked them and how you will accomplish them.

According to the article and answer the question Assignment

According to the article and answer the question - Assignment Example The behaviors suggest that orangutans are intelligent species with different personality and mentality compared to chimpanzees and gorillas. Orangutans of different groups are found to have different behaviors and practices than each other. The existence of culture in animal species, as a result, is evident keeping the findings of the article in view. The way of hunting, extracting insects with sticks, making pillow of twigs or wiping faces with leaves as with a napkin are different behaviors found in different groups. The conclusion, as a result, is the confirmation of culture’s existence among Orangutans. The close association of such behaviors is found in human cultures. The different behaviors are important to understand the personality of red-haired apes from others. Furthermore, the way orangutans teach their behaviors to their young ones show the level of responsibility they take to nurture their breed and to extend their cultural norms ahead. These behaviors are significant to show the existence of culture in animals, and specifically in orangutans. 2.Drugs: Angiosperms plants are known to have a bitter taste and contain high amounts of psychoactive agents. Since Dinosaurs could not identify the bitterness and detoxify the substances with their less effective levers, they died after having a lot of angiosperms. 1. Sex: The claim is proposed as a negation to high temperatures being the reason for killing the gigantic animals, dinosaurs. However, to support the theory that rising temperatures remained the cause of their extinction, Cowles proposed the idea of testes being non-functional in such high temperature leading to natural contraception and, at extreme, the extinction of dinosaurs. The hypothesis, hence, is a mere idea which is not supported or backed up with proper evidences or experiments thereof. 2.

JOHN F KENNEDY Research Paper Example | Topics and Well Written Essays - 1250 words - 1

JOHN F KENNEDY - Research Paper Example In that context when John F Kennedy took over the presidency of America, through his benign and confident personality, he ushered in a spirit of positivity and reconciliation. He introduced the American masses to the innate strength of their nation and to a large extent inspired them to work for the good of their country. The good thing is that the positivity Kennedy inspired left a legacy of hope that continues to inspire the Americans even today, when Kennedy is no more. John F Kennedy’s father, Joseph Patrick Kennedy was a multi millionaire who accrued his fortunes in banking, stock markets, film industry, and ship building (Kenney 34). John F Kennedy happened to be the second of Joseph Patrick Kennedy’s nine children (Kenney 34). There is no denying the fact that Kennedy was brought up in a family well endowed with fortune and clout. On his mother’s side, Kennedy was related to John F Fitzgerald, his maternal grandfather who at one time also happened to be the mayor of Boston (Kenney 34). In the Kennedy family, competition, hard work and ambition were intensely encouraged amongst children, the traits that were to accompany Kennedy for the rest of his life. In 1941 Kennedy joined the American Navy (Kenney 21). By the time Kennedy got discharged from Navy, his brother Joe was lost to war and the onus to carry on the family ambition and aspirations fell on the shoulders of John F Kennedy (Kenney 21). Kennedy geared up to accept t his responsibility and in 1946, at the age of 29, became a congressman, the outcome of a determinedly and sincerely run campaign (Kenney 28). However, this achievement was still small to wet the ambition of Kennedy and so he decided to fight for the Senate in 1952 (Kenney 28). In 1953 John F Kennedy expanded his social and political clout by marrying Jacqueline Lee Bouvier, associated with a privileged and famous family (Kenney 29). The couple indeed

Advising Boeing And Airbus On Foreign Exchange Risk Finance Essay

Advising Boeing And Airbus On Foreign Exchange Risk Finance Essay BOEING: Boeing is the worlds largest aerospace company. Being a leading manufacturer of commercial jetliners, it is a top US exporter. It provides tailored services that include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems. (Boeing, 2010). The company has it corporate offices in Chicago and also employs more than 159,000 people across the United States and in 70 countries, also has nearly 12000 commercial jetliners, in service worldwide, which is roughly 75 percent of the world fleet. (Boeing, 2010). AIRBUS: Airbus is a leading aircraft manufacturer owned by European Aeronautic Defense and Space Company (EADs), a global leader in aerospace defense and related services. Having its headquarters in Toulouse, France, it has fully owned subsidiaries in the United States, China, Japan and Middle East. It has it spare part centers in Hamburg, Frankfurt, Washington, Beijing and Singapore, training centers in Toulouse, Miami, Hamburg, and Beijing (Airbus, 2011). The company has 150 field service offices around the world and employs a total work force of 119,000 and has presence on every continent (Airbus, 2011). The major competitor of Airbus is Boeing Company. FOREIGN EXCHANGE RISK: Foreign exchange risk is defined as the risk that an investor will have to close out a long or short position, in a foreign currency at a loss due to an adverse movement in exchange rates. It is also known as currency risk or exchange-rate risk. (Investopedia, 2010). Simply put it is the effect that fluctuations in foreign currencies or exchange rates that affect the business entity. It is evident that large corporations like Boeing and Airbus that have operations in many countries are exposed to foreign exchange risks. It mainly arises due to difference in the currencies in which the company bears its operating or production costs and the currency in which the company receives payments from its clients. Boeing being a US company, it reports its financial transactions in US dollars. The input output is priced in US dollar which is a globally accepted currency. So even if it does trading in other countries, it receives payments in US dollars. Hence it is exposed to low forex risk. Airbus being a French company, it reports its transactions in Euros. Input or output is been priced in Euro in the domestic market, while in the world market is been priced in dollar which is globally acceptable currency and this exposes the company to high forex risk because Euro is not a global currency. We summarize it through following table: Company Currency of Costs Currency of Revenue Match/Mismatch Boeing US Dollar US Dollar Match between currencies. Airbus Euros US Dollar (assume 60%) Euros (assume 25%) Others (assume 15%) Mismatch of currencies. TYPES OF EXPOSURES: TRANSACTION EXPOSURE: Transaction exposure measures changes in the value of financial obligations incurred before a change in exchange rates but to be settled after the change.(Hagelin, 2003). It is the risk of changes in exchange rates between the time that a good is sold and the time that payment is received in foreign currency. For Airbus: As explained above the currency costs of Airbus are in Euros while cost of revenues is mostly in US dollars and some in Euros. This mismatch is clear from the annual report of the company according to which the operations of the group are mainly concentrated in different countries such as China, United States, India and Middle East; hence the payments are done in US dollars. This explains that Airbus has a high transaction exposure towards US dollar. Any fluctuations in the rate of US dollar against the Euro would affect the profit margin of the group. The long term contracts that must be honored at future rates are the other causes of transaction risk to the Euro. Though sometime the profits are being locked in by using long term contracts for e.g. for spare parts, there is an opportunity cost involves as the value of Euro or the price of commodities may increase. (Chester Chronicle, 2008) For Boeing: The cost of revenues as well as production, are denoted in US Dollars. Hence there is a perfect match. So even if the company has operations in many parts of the world such as Australia, Canada, China, India, Italy, Japan, Russia, and UK, the transaction exposure is less. Even if there is dissimilarity in the currency when Boeing sells its product to the different countries, the value is adjusted depending upon the countrys currency. The exposure arises due to variation in the currency rate, mainly of US dollar with other currencies. The danger here would be that the currency of the other country may strengthen or weaken to the corresponding US dollar. (Kascey, 2011). Consider the USD depreciates by 30%. The US currency would be under-valued, so this would lessen the profit margin of Boeing from payments received. But it would also reduce its cost of production. Thus this would hugely benefit for Boeing. On the other hand it would be very problematic for Airbus, as it would affect only the revenues and not the production costs. The decreased profits would cause a huge problem for Airbus. However, if USD value appreciates 30%, it would be of tremendous benefit to Airbus as the profits would be enhanced because of overvalued US dollars. Boeing would have to face the problems of increased cost of production but they would be backed off by the fact that payments would also be received in appreciated currency. TRANSLATION EXPOSURE: It is the risk that when the results of foreign subsidiaries are consolidated into the parents currency, translational gains or losses will result between reporting dates. The effects of translation risk are normally seen in the income statement and balance sheet. For Airbus: It deals mainly in aerospace, defense and commercial services. The Airbus commercial contributes 59% to the Companys revenue in 2009. (Airbus Annual report, 2009) The Company has a huge translation exposure, owing to the fact that it reports its earning in Euros. Transactions of its foreign subsidiaries, in foreign currencies other than the Euro are translated into Euro at the prevailing foreign exchange rate as at transaction date. It is mainly to the US Dollar as the trading in the industry and international markets is basically in US Dollar while the company reports its earnings in Euros. The translation risk of the company is evident in 2008 when the company had a decrease of 1% in revenue of à ¢Ã¢â‚¬Å¡Ã‚ ¬43.265 million due to an unfavorable impact of the US Dollars. Furthermore, in 2007, their chairman- Mr. Louis Gallois in his estimation said every Euro appreciation of 10 cents against the USD is a cost of à ¢Ã¢â‚¬Å¡Ã‚ ¬1B to the company based on the fact that Airbus costs are denominated in Euros while the major share of its revenues are in USD. Airbus also holds a substantial US Dollar denominated assets that are subjected to translation risk. (http://hedgecurrencyrisk.com/36/foreign-exchange-risk-can-be-huge-fortunately-it-can-be-managed/). For Boeing: It deals in commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, performance based logistics and training. Of this, commercial airplanes contribute 49.8% of the companys revenues (Boeing Annual report, 2009). Boeing does not have any translational exposure. This is only because the companys trading in international markets is mainly in US Dollars and the company reports financial data in US Dollars only. ECONOMIC EXPOSURE: It is the change in the net present value of future cash flows of the firm as a result of unanticipated changes in real exchange rates. It gives an idea of the potential volatility of the company. For Airbus: Economic exposure of the company is substantially important due to the geographical locations of companys operations. The operating costs are mainly in the Euros and in some other currencies in small portions. The earnings are in US dollars in majority. So if the Euro depreciates by 30% against the USD, its operating costs would relatively go down and it would gain cost advantage. Also its reported profits in Euros would increase due to exchange rate. And if the Euro appreciates by 30% against the USD, it will be facing a huge economic exposure as the operating costs would increase substantially and the reported earnings in Euros would also be less. For Boeing: With 82% of the employees of the company based in America and remaining 18% employees in other locations like India, New Zealand etc, majority of operating costs are in US dollars. So Boeing Company would pay employees mainly in USD while a little portion in other currencies also. The Boeing Company receives its revenue in USD only. Because of this match, any increase or decrease in USD would accordingly increase or decrease both the operating costs as well as profits. Hence the exposure is small and easily manageable, as they are already in USD denomination. COMPARISON CHART: From the above explanation, the exposures of the 2 companies can be summarized by the following table: Company Transaction Translation Economic Boeing Small Easy to manage Does not exist. Small but Manageable Airbus Big Very Difficult to manage High Difficult to manage. Huge. Very difficult to manage INTERNAL HEDGING: Internal hedging means using techniques available within the company or group to manage exchange rate risk. These techniques do not operate through the foreign exchange market and therefore they avoid associated costs. However, this does not mean they are costless. INTERNAL HEDGING TECHNIQUES: MATCHING RECEIVABLES AND PAYABLES: There is no problem if the receivables and payables are in the same currency. If the receivables and payables are in different currencies (mismatch) then there is a risk involved in it. (Joseph, 2000). Airbus operations in US would insulate its risks, as the cost of operations in USD is matched by payment in USD; gained from various services and selling various products in US itself. Fluctuations in other currencies will be negligible as the company will not have to pay operating costs in USD with Euro. In order to provide insulation towards risk in various other countries Airbus can obtain revenue in domestic currencies to pay operating costs in different currencies, payables and receivables for example. As a result of this economic risk can be minimized. (Joseph, 2000) However, this matching of receivables and payables will succeed only to a certain extent. As Airbus would have to borrow Euros with the currency received from other countries in order to bear the operating costs in its own parent company- France. In case of Boeing, this is not required as the company already has a perfect match between the currencies of its trade receivables and payables. CENTRALIZED AND DECENTRALIZED TREASURY FUNCTION (MULTILATERAL NETTING): Airbus with its centralized treasury function utilizes multilateral netting, which is one of the forms of internal hedging against foreign exchange exposure, in order to reduce risk. Multilateral netting is found commonly in Enterprise Wide Risk Management (EWRM) where the parent companys subsidiaries would report the forecasted payments and receipts in the foreign currencies and estimated current exposures to them. After taking internal hedging into account the central treasury calculates the net exposure of the company towards each currency. And it makes use of external hedging to hedge residual exposures. In order to have exchange controls as well as clear understanding of taxation in their respective countries; multilateral netting requires subsidiaries of the group to have a standardized budget reporting periods. The savings gained through the implementation of EWRM information system are also important and are enough for the cost to offset. (Aucoin, 1990). The main advantage of EWRM also includes reducing the capital costs by managing the volatility of earnings. This is made possible through internal rate risk and external hedge of dangerous exposures towards foreign exchange. ERM maximizes the portfolio effect and even helps organizations to exploit natural hedges as stated in capital asset pricing model. (Aucoin, 1990). Hence multilateral netting is applicable to Boeing. As multilateral netting is most commonly found in EWRM, by managing the volatility of earnings it reduces the capital costs. Thereby the risk of Boeing is also reduced. CURRENCY OF INVOICING: The choice of currency which international trade is invoiced is of high implication for Airbus and Boeing due to the nature of their products and services. In trying to avoid foreign exchange risks, both companies adopt currency of invoicing by choosing which currency to be used in international trade. The strategy would be helpful to both companies only when properly planned. Assume Boeing just got a contract with British airways to build five 747s and one is to be delivered each year for the next 5 years. We assume the rate to be 10 million per plane. If Boeing can negotiate and adjust the terms of the invoice, it can shift, share or diversify the currency risk involved in this transaction; which would be an added advantage to the company. To transfer the risk, Boeing can invoice the transaction in USD, then it has eliminated currency risk for itself, however, it has shifted it to British Airways. Assume $ =$1.80, then British Airways has an $18 million account payables and Boeing has an $18 million account receivables. To share the currency risk between both companies, British Airways can share the risk by invoicing 50% of the transaction in USD and the other 50% in British Pound (BP), i.e. $7.5m + £5m for each planes. The risk can even also be reduced by diversification through the payment of the transaction in various currencies based on the negotiation between the two companies. By so doing, Boeing has managed the currency risk. Airbus in similar situation can do the same but this time the currency involved will be Euro and British Pounds or several other currencies in case of diversification. (http://spruce.flint.umich.edu/~mjperry/466-13.htm). ASSET AND LIABILITY MANAGEMENT: Asset and liability management (ALM) is basically a technique of risk management designed so as to earn an adequate return while maintaining a comfortable surplus of assets beyond liabilities. Boeing and Airbus do use this risk management technique to address foreign exchange risk and even operational risk and it also includes hedging where they can hedge against movements in fuel prices. Boeing and Airbus can manage their asset and liability in such a way as to: Increase their overall earnings Ensure efficient use of their capital and assets Manage the associated risk in a cost effective way. (http://www.investorwords.com/285/asset_liability_management.html). LEADING AND LAGGING: Leading is an internal hedging technique that is the acceleration of payment of companys obligation (e.g., payment to suppliers) before the due date while lagging, also internal hedging techniques, is the delay of payment of a companys obligation past its due date. (http://www.angelfire.com/ca/finrisk/Leading.html) For example, when Airbus or Boeing expects the currency (Euro) or (USD) respectively to appreciate in value, they may accelerate (leading) this obliged payment and realize the payment before the currency appreciates. In the same manner, when the value of the currency is expected to decrease in value, they may delay (lagging) payments so as not to make a loss in the transaction. (Victor P and Yann S, 2003). CONCLUSION: In conclusion, we say that Foreign Exchange Risks depend upon the currency of costs and currency of revenues. Any difference within them is going to expose the company to Forex risks. The Forex risk that BOEING is exposed to is less mainly owing to the match between its input and output pricing currencies. While AIRBUS is exposed to huge risks as there is variation in the currencies of its costs and revenues. Also BOEING has Maintenance Contracts with companies and contracts with its Government to supply Military Planes due to which its risks have a backup from their Government in case of Financial Crisis. However AIRBUS doesnt have any such backing from its Government. This coupled with the high risks that it is exposed to; pose a grave threat for the company in case of financial crisis. The Internal Hedging mentioned above though useful for the companies are subjected to their effective and timely. And Airbus would be better naturally hedged against the risks by converting to repor t its financial transactions in US dollars than Euros.

E-Marketing Essay

Considering the current volume of internet marketing business, it’s hard to believe how young the internet marketplace is. While the timeline of internet marketing has been short, the cumulative events leading up to where we are now have impacted the entire globe faster than any marketing revolution in history. Today, it’s hard to believe in having an organization which doesn’t have some kind of online presence. When the internet was first introduced in the early 90s, the internet was treated as a tool for exchanging emails and digital information, but wasn’t yet considered valuable for reaching customers. Soon, companies which had been spending huge chunks of their marketing budget on offline list building, begin to realize that they could accomplish the same thing via email and for much less. Whatever the case may be, Nepal is still in the early phase of e-marketing and e-commerce. Only few people have access to internet, among those, very few use internet for business purpose. Most of the people who have web access are keeping themselves busy on social networking sites. But the positive aspect is that the number of people realizing and using internet as an e-commerce are continuously increasing. Human behavior and natures are so dynamic. We constantly want to change and our likes and preferences changes with time, trend and technology. Realizing this nature of human being and large increment in the number of internet users in Nepal, the founder of hamrobazar.com saw an opportunity and founded hamrobazar.com seven years ago. Hamrobazar.com is free online site which enables individuals as well as companies to sell wide variety of new or used product online. Hamrobazar.com is a site that has created a platform where both seller and buyers can interact with each other to buy and sell products and services. Hamrobazar.com is an e-commerce company based in Kathmandu, Nepal. Hamrobazar is one of the popular sites in Nepal for free selling and purchasing of variety of new or used products. It offers its users an easy and trendy way to purchase wide variety of new or used goods online. A buyer can choose a suitable product from the list of a large product variety and can purchase from the seller. People buy new products everyday or every week. All of us are buying new things every week. It can be a car, a book, a music CD, a DVD, mobile set, mobile accessories, services, toy and many more. But as time and technology changes, the products we purchase may get outdated or we may wish to buy a different product. The reason to buy a new product or buy a different products could be several, change in technology, age of the product, malfunctioning of the product, wish to get updated with new product in the market, bought a product earlier that is not suitable and the list for reasons can continue. For all those who wish to sell their product and for all those who wish to purchase a new or a used product hamrobazar.com is the perfect answer. The best thing above all, it is for free. Hamrobazar member can login and sell their products for free. Hamrobazar.com is free online classified which enables individuals as well as companies to sell wide variety of new or used product online. Hamrobazar is visited by around 50,000 unique visitors who use the site for buying and selling purpose. Compared to newspaper classifieds, hamrobazar.com will provide more comprehensive detail and pictures thus enabling consumer to choose better. Hamrobazar.com has created such platform where both seller and buyers can interact with each other Mission Statement and stated goals of hamrobazar.com Hamrobazar.com does not appear to have a predetermined mission statement, nevertheless, the basic mission and goals of the Company is to provide a perfect solution for selling the products for free. It also believes that internet is a great promotional vehicle as well as communication channel for connecting buyers and sellers. In general, hamrobazar.com has communicated that its mission is to influence technology and potential to provide the best buying experience on the Internet for free. Business Philosophy of hamrobazar.com Despite its increasing popularity, hamrobazar.com remains unremittingly focused on the costumers. Since, the main philosophy of hamrobazar.com is to help the web users to sell their products for free. It is constantly focusing on the customer friendly interface so that customers can enjoy their purchase on a trendy and an easy way.