Business Accounting assement 2 Essay Example | Topics and Well Written Essays - 1500 words

Business Accounting assement 2 - Essay Example The name of the company will be ‘Fit Stitch’ as it is a very short name and it shows the nature of business as well. The official website of the company will be published with the URL name www.fitstitch.com. Currently there is no company offering services with this name therefore, Fit Stitch will become a trademark for my business. The nature of the business will be sole proprietorship, which means that I will be the sole trader of this business and I would be liable to bear all profit or loss. Moreover, in this kind of business, only I would have the decision making authority, however, to increase the participation of my workers, I would take their input before making any business decision. Fit Stitch aims to offer affordable, outclass, quick and convenient stitching services it to its customers. Our skilled and expert designers offer outstanding stitching services for all kind of dresses. Our ultimate aim is to satisfy our customers while achieving break even profit. The company will offer its services in Lisbon, Portugal. There are two basic reasons because of which I am targeting Lisbon market: the first, it is my home city; second, the market need. Fit Stitch will target all these market segments including men, women and kids. Attracting customers who get their clothes stitched from tailors will be easier because most of these people are sick of the prices of tailors and they usually feel very boring when it comes to visit the tailors. Since we will be offering online service and with some extra charges we will also offer the facility to get order from home, therefore, most of the customers will find it very convenient. The customers who prefer readymade garments will also find Fit Stitch services convenient, affordable and creative therefore, they will be also attracted by Fit Stitch. The only weakness of this product is the geographical limitation. Since, the budget is limited therefore; Fit Stitch cannot offer its

Tesla and Alternating Current Term Paper Example | Topics and Well Written Essays - 750 words

Tesla and Alternating Current - Term Paper Example Nikola Tesla arrived in the United States in 1884 as a great admirer of Thomas Edison and eventually found employment to redesign dynamos intended to generate direct current electricity for Edison's company. Very early on, however, Tesla became convinced that alternating current was superior to the means that Edison was spending his time trying to perfect. Edison's response was that Tesla was wasting his time and talent because he considered alternating current to be far too dangerous for public consumption, especially in comparison to direct current. Edison tried to convince Tesla that the danger inherent in alternating current had to do with the potential for high voltage wires to come loose and act almost as a lightning strike, killing a person on impact. After spending several months working long hours for Edison, Tesla eventually made the decision to strike out on his own in search of financial backing to continue developing alternating current. ... The primary backer of Tesla was George Westinghouse. Westinghouse was fascinating with Tesla's ideas and even more fascinated with the idea of actually buying exclusive rights to Tesla's patents. With one million of Westinghouse's dollars pumped into his research, Tesla was ready to reveal the potential of alternating current. The Chicago World's Fair of 1893 gave Tesla his opportunity to prove to the world the superiority of his theories. Every single exhibit using electricity on display at the World's Fair was generated with alternating current. The path to Tesla's revelation of how much better alternating current was than direct current was not easy since Thomas Edison put was willing to put 98% of his perspiration not into any aspiration to improve direct current but rather into inhumane experiments designed to frighten the public away from Tesla's work. Edison's attempts to discredit the validity of alternating current included the public execution of a variety of elephants (Silverberg 239). Despite repeated attempts by Edison to convince the public that alternating current was dangerous, it was the fact that Tesla was right and Edison was wrong about the superiority of alternating current over direct current that allowed Tesla to pull off that rarest of accomplishments: besting Thomas Edison. The real turning point in the war of the currents took place at the honeymoon capital of America, Niagara Falls. Using Tesla's alternating current system, Westinghouse was awarded the contrast to generate power at Niagara Falls. Tesla faced considered opposition and doubt as to his system's ability to generate the amount of