Whirlpool Credit Scandal Term Paper Example | Topics and Well Written Essays - 750 words

Whirlpool Credit Scandal - Term Paper Example The financial arrangement was very profitable since the firm was earning an interest rate income of 18% to 22%. The â€Å"open end† notes worked like credit cards that are used for a single purchase. The company during the 1990s expanded its business to include the sale of dish antennas. At the time this was a unique opportunity by targeting homes in rural areas that did not have access to cable television. These dish contracts were the focus of controversy. The company claims that the problems were a misunderstanding, but in reality it seemed that the actions of the salesmen of the company were calculated and were performed intentionally to mislead the customers. The root of the controversy was based on the customer’s claim that the salesmen told them that the dish antennas were financed on the three year basis, when in reality the company was offering a financing term of five years. The no money down financing offer that the company offered to finance the acquisition of antennas was an initiative that served a social purpose. It helped a lot of poor and lower middle class citizens in rural regions improve their quality of life. Satellite television provided access to hundreds of channels. Rich people could acquire the Dish antennas by paying cash because the $1124 cost was insignificant to them. The problem with these contracts was that they were deceiving customers by hiding the fact that accumulated interest would increase the contract length to five instead of three years. The end result of the Dish antenna contract was that it hurt the economic well being of poor people by keeping them in debt for an extended period of time. One of the lessons to be learned from this case study is that people should carefully read the terms of the written contracts instead of trusting the word of deceptive salesmen. The economic benefit of the case was that the Whirlpool National Financial Bank created a financial tool that allowed poor people and persons wi th bad credit access to expensive Dish satellite equipment. The purpose of the â€Å"open end† notes was to facilitate the acquisition of satellite television to American citizens of all social classes. The salesmen of the company entered into unethical behavior when they misled buyers into thinking that the Dish equipment debt would be liquidated in a term of three years. The controversy with the financing became a legal matter. The customers were within their right to seek legal action because they entered into financing contracts under false premises. The executive management team of Whirlpool realized that the company was facing a major legal problem. Lawsuits are an undesirable outcome for companies due to the financial costs associated with the legal process and because the news of a pending lawsuit against a company hurts the corporate image of a firm (Referenceforbusiness, 2012). The out of court settlement that Whirlpool signed to resolve the conflict is the first st ep towards fixing the situation. The firm must now take corrective actions to ensure the problem does not continue to occur. An alternative solution for the company is to restructure its credit offering to eliminate the clause that converted the contract into a five year term. It is not reasonable to charge a customer for five years to acquire a consumer good in the technological industry. The firm should limit its financing terms to a maximum of two years. A way to ensure that the company can keep the monthly payments low for the customers is by lowering the acquisition cost of the Dish antennas. There is more money to be made in the servicing contracts than in sales of equipment. A second solution that should be implemented in conjunction with the first solution identified is to start a new

SQL Training Course Experience Research Paper Example | Topics and Well Written Essays - 1000 words

SQL Training Course Experience - Research Paper Example However, the primary difference between all these SQL training alternatives is the quality of education and price tag (SQLCourse, 2011). Recently I got experience of attending tutorial of SQL Course named â€Å"Interactive Online SQL Training for Beginners†. I got an amazing experience of learning through this course. I got a lot of knowledge and experience through this course. The feature of any course is the ease and quality of knowledge that course can offer. In this scenario SQL Course has offered all aspects of ease and learning to me. This SQL Course has offered the way to learn SQL language through simple interpretation of knowledge areas. This course has also offered a deep and detailed knowledge and explanation of terms. For me it was really amazing experience to attend such course in my life. In addition, every SQL training course option has its own advantages and issues. For instance, the trainer led courses have the benefit of real time communication with the teach er and hands-on SQL training. Alternatively they are extremely costly and not everyone will be willing to spend thousands of dollars in learning structured query language. Additionally, if someone can improve their business to pay for similar SQL course, do not miss the chance. However, the course we have attended was extremely easy and less costly. This has offered us an opportunity to learn how to manage a database in a better way. This course has also helped us improve our previous concepts, knowledge and skills (SQLCourse, 2011). Moreover, this exclusive preliminary SQL tutorial not simply offered us easy-to-understand SQL statements and instructions; however it allowed us to complete practical assignments of what we learned from SQL interpreter. We have received instant outcomes following submitting our SQL commands. This course has taught us how to create tables and apply the commands of insert, select, delete, update and drop into the tables. This SQL course at present suppor ts a division of ANSI SQL. The fundamentals of every SQL command will be enclosed in this course. In this way we have gained a deep and comprehensive overview of all the knowledge areas and expertise. This course has made us believe that we can be able to get a great deal of SQL expertise in small time period. I hope in future this course will improve and enhance our professional skill and capabilities for the potential improvements of our business and personal life. I say good lock to all my fellows in this course and have a nice and blessing future (SQLCourse, 2011). References SQLCourse. (2011). Welcome to SQLCourse.com! Retrieved September 10, 2011, from http://www.sqlcourse.com/intro.html Paper 2 Because of growing globalization, companies are managing worldwide supply chains through information technology. Information technologies (especially internet) have initiated new marketplace prospects. Additionally, the needs for improved efficiency and growing costs force from worldwi de competition have initiated just-in-time production and assembly. In addition, the business areas of trucking industry, that move over three quarters of the nation’s freight, has had to become accustomed to accomplish the demands to travel freight consistently, on time and with superior visibility. In this scenario, the information techn