The world economy is in turmoil. Supermarkets are no different, as we Essay

The world economy is in turmoil. Supermarkets are no different, as we discovered during the year - Essay Example Retailers are in a position to exploit buyer power to distort competition. However, many retailers have had to change their offers and strategies in the face of the current economic turmoil. Grocery retail is the largest retail sector in the UK and four large retailers - Tesco, Sainsbury, Asda and Morrison/Safeway dominate the national market (Dobson, 2006). These four supermarket retailers have primarily positioned themselves as â€Å"one stop shops†, and they offer a wide range of goods. Waitrose falls under the smaller supermarket chains along with Marks & Spencer’s, Somerfield and Booths. Then there are the discounters such as Aldi. Supermarkets dominate the UK’s food system as food groceries are sold through a handful of retailers (EAFL, 2008). The supermarkets are more likely to be affected by the recent economic turmoil because they are dependent on banks and other financial institution for their capital whereas the smaller retailers are much less dependent on external capital (EAFL, 2008). This is the reason they are much more resilient in the face of economic turmoil. While some face losses due to financial recession others reap benefits. Due to recent financial turmoil the discounters have seen their customer numbers increase and their profits rise as the large supermarket chains have seen a reduction in profits (The Money Stop, 2009). The reason cited is that consumers are trying to save money by shopping at discount stores. The discount supermarket stores have benefited from the economic turmoil because the rising inflation has prompted the shoppers to trade down and choose cheaper stores and brands (Finch & Wearden, 2008). Customer is the focus of any strategy by any retailer and Tesco says they listen to what the customers want during the period of economic recession (BEN Rooth, 2008). They recognize that this is the most important time to recognize the needs of the customers because food is something that cannot be given up

Critical Summary Essay Example | Topics and Well Written Essays - 500 words

Critical Summary - Essay Example But these feelings of human beings cannot be regarded as emotions. Feelings can be necessary but not crucial component of emotions. Despite notifying that feelings are not sufficient component, it can be regarded as contingent components. Lastly, feelings are not components but can be detecting emotions. The author reveals that the views of Fundamental Axiom on feeling can be right and wrong. From author point of view,emotions can be felt without any other components. Some of the strategies implemented for the explanation of feeling are Contingent Part View and Non-Part View. Jesse Prinzbelieves that defenders of these strategies have right to state that there can be emotions without feelings. But author is not supportive on the views of defenders (Prinz, 2005). Emotions of any individual can be unconscious. Whenever emotions are felt, then emotions can be regarded as the part of feelings. Emotions can be viewed as unconscious when emotions are interoceptive states. The evidence of a necdotal also proves that emotions can be unconscious. Experimental, theoretical and anecdotal reasons prove that emotions are not always felt. Sometimes emotions can be felt and then it is the time to suggest that feeling is emotions. The patterned change in human body can create conscious perception. This can eventually lead to emotions. I strongly support on the qualified version of emotion theory provided by Jesse Prinz. Extensive evidence on article indicates that emotions are feelings. Emotions can be experienced by the result of bodily changes. When perceptions of the bodily changes are conscious, then feelings can be regarded as the components of emotions. Bodily changes can occur unconsciously and then emotions are not felt. Emotion of an individual can be characterized by the mental stateand psychological experiences. Emotions help other to understand our feelings. It is easier to communicate with other people with