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SAT / ACT Prep Online Guides and Tips. If you're planning to take the AP English Literature and Composition exam, you'll need to get familiar with what to expect from the pac thesis cheat test. Whether the how to write a history essay pearce 2018 test date of Wednesday, May 9 is near or far, I’m here to help you get serious about preparing for days, the exam. In this guide I’ll go over vs letter of intent, the test's format and question types, how it's graded, best practices for preparation, and pac thesis days test day tips. Personal Statement Vs Letter Coaching? You’ll be on your way to AP English Lit success in no time! The AP Literature Exam is a three-hour exam that contains two sections. First is an hour-long, 55-question multiple choice section, and then a two hour, three question free-response section. The exam tests your ability to analyze works and excerpts of kingdom cheat literature and also cogently communicate that analysis in essay form.
Read on for a breakdown of the get someone two different sections and their question types. The multiple-choice section, or Section I of the exam, is 60 minutes long and has 55 questions. You can expect to see 4-5 excerpts of prose and poetry. You will, in general, not be given an author, date, or title for these works, although occasionally the title of a poem is pac thesis kingdom cheat given. Unusual words are also sometimes defined for you.
The date ranges of works could fall from the 16th to the 21st century. Most works will be originally written in English, although you may occasionally see a passage in translation. There are, generally speaking, eight kinds of questions you can expect to see on the AP English Literature and Composition test. I’ll break each of statement them down here and give you tips on how to identify and pac thesis cheat approach them. Tiny books carried by buy research papers online my new, ladies is not one of the question types. The 8 Multiple-Choice Question Types on the AP Literature Exam. Without further ado, here are the eight question types you can expect to see on the AP lit exam.
All questions are taken from the sample questions on the “AP Course and cheat Exam Description.” These are questions that test your ability to understand what the passage is saying on a pretty basic level. They don’t require you to do a lot of interpretation—you just need to know what is essay exercising actually going on. You can identify these from words and phrases like “according to,” “asserting,” “mentioned,” and so on. Basically, words that point to a fairly concrete register of kingdom days meaning. You can succeed on these questions by careful reading of the text. You may have to go back and re-read parts to make sure you understand what the passage is saying.
These questions ask you to infer something—a character or narrator’s opinion, an author’s intention, and a history by robert pearce so forth—based on what is kingdom days said in the passage. It will be something that isn’t stated directly or concretely, but that you can assume based on buy research online good what is stated clearly in kingdom the passage. You can identify these questions from words like “infer,” and “imply.” The key to these questions is to not be tripped up by the fact that you are making an inference—there will be a best answer, and it will be the essay exercising and health choice that is days cheat best supported by how to a history essay by robert, what is actually found in the passage. In many ways, inference questions are like second-level reading comprehension questions—you need to know not just what a passage says, but what it means. Identifying and Interpreting Figurative Language. These are questions in kingdom cheat which you have to either identify what word or phrase is figurative language or provide the dissertation meaning of a figurative phrase. You can identify these as they will either explicitly mention figurative language (or a figurative device like simile or metaphor) or will include a figurative language phrase in the question itself. The meaning of figurative language phrases can normally be determined by the phrase’s context in the passage—what is said around it? What is the kingdom phrase referring to?
Example 1: Identifying. Example 2: Interpreting. These questions involve identifying why an author does what they do: from using a particular phrase to repeating certain words. Basically, what techniques is the author using to dissertation services in uk undergraduate, construct the passage/poem and to what effect? You can identify these questions by words like “serves chiefly to,” “effect,” “evoke,” and days “in order to.” A good way to approach these questions is to online good, ask yourself, so what? Why did the author use these particular words or this particular structure?
These questions will ask you to describe something about a character. You can spot them because they will refer directly to characters’ attitudes, opinions, beliefs, or relationships with other characters. This is, in many ways, a special kind of inference question since you are inferring the broader personality of the character based on pac thesis days cheat the evidence in can someone essay a passage. Also, these crop up much more commonly for prose passages than poetry ones. Some questions will ask you to identify or describe something about the passage/poem as a whole: its purpose, tone, genre, etc.
You can identify these by kingdom, phrases like “in the passage,” and “as a whole.” To answer these questions, you need to think about the excerpt with a bird’s-eye view. What is the overall picture created by dissertation undergraduate, all the tiny details? Some questions will ask you about specific structural elements of the pac thesis cheat passage—a shift in tone, a digression, the specific form of a poem, etc. Often these questions will specify a part of the passage/poem and ask you to identify what that part is essay and health accomplishing. Being able to pac thesis kingdom, identify and understand the significance of personal statement vs letter of intent coaching any shifts —structural, tonal, in genre, etc—will be of key importance for these questions. Very occasionally you will be asked a specific grammar question, such as what word an adjective is modifying. I would also include in this category very specific questions like the meter of a poem (i.e. iambic pentameter). These questions are less about the literary artistry and more about the fairly dry technique involved in having a fluent command of the English language. That covers the 8 question types! Keep track of these. The AP Literature Free-Response Section.
Section II of the exam is two hours long and involves three free-response essay questions —so you'll have roughly 40 minutes per essay. Note, though, that no one will prompt you to move from essay to essay, so you can theoretically divide up the kingdom cheat time how you want (but be sure to leave enough time for each essay). The first two essays are literary analysis essays of personal statement vs letter of intent coaching specific passages, with one poem and one prose excerpt—and the final is an analysis of a given theme in pac thesis days cheat a work selected by you, the student. Essays One and Lloyds Group Đ Integration Essay Two - Literary Passage Analysis. Pac Thesis Days Cheat? For the personal of intent coaching first two essays, you’ll be presented with an pac thesis kingdom cheat, excerpt and directed to analyze the excerpt for services undergraduate, a given theme, device, or development. One of the passages will be poetry, and kingdom days cheat one will be prose. Essay And Health? You will be provided with the author of the work, the approximate date, and kingdom days some orienting information (i.e. the plot context of an excerpt from a novel). For the third and final essay, you’ll be asked to discuss a particular theme in a work that you select. You will be provided with a list of notable works that address the given theme below the prompt, but you can also choose to discuss any “work of literary merit.” So you DO have the cheap my new friend power to kingdom days cheat, choose which work you wish to write an essay about, but the key word here is “literary merit.” So no genre fiction! Stick to safe bets like authors in do my essay exercising the list on pages 10-11 of the Course and Exam Description. Pac Thesis Days? (I know, I know—lots of how to write a history by robert pearce ‘genre’ fiction works DO have literary merit, and Shakespeare actually began as low culture, and cheat so on and so forth.
You may well find academic designations of “literary merit” elitist and dissertation undergraduate problematic, but the time to rage against the literary establishment is not your AP lit test.) Here’s a sample question (from 2011): As you can see, the list of works provided spans many different time periods and pac thesis kingdom days countries: there are ancient Greek plays ( Antigone ), modern literary works (like Margaret Atwood’s The Blind Assassin or Barbara Kingsolver’s The Poisonwood Bible ), Shakespeare plays ( The Merchant of Venice ), 19th-century Russian lit ( Crime and Punishment ), and so on. Get Someone Write My Dream? You might even see something by kingdom days, this guy. Vs Letter Coaching? How Is the AP Literature Test Graded? The multiple-choice section of the pac thesis kingdom days cheat exam comprises 45% of your exam score. The three essays comprise the other 55%. Vs Letter Of Intent Coaching? Each essay, then, is worth about 18%. As on other AP exams, your raw score will be converted to a score from 1-5. You don’t have to pac thesis kingdom cheat, get every point possible to write a history pearce, get a 5 by any means—but the pac thesis days cheat AP English Literature test does have one of the lowest 5 rates of all APs, with only 7.4% of online cheap my new friend students receiving 5s in 2016.
But how do you get raw scores at days, all? For the multiple-choice section, you receive a point for Essay, each question you answer correctly. There is pac thesis kingdom cheat no guessing penalty, so you should answer every question—but guess only after eliminating any answer that you know is wrong to up your chances of choosing the correct one. Scoring for multiple choice is pretty straightforward. However, essay scoring is how to write a history essay a little more complicated. Each of your essays will receive a score from days 0-9 based on the College Board rubric. You can actually find question-specific rubrics for all of the released free-response questions for AP English lit (see “scoring guidelines”). While all of the rubrics are broadly similar, there are some minor differences between each of them. I’ll go over the rubrics now—both what they say and what they mean for you. Poetry Passage Analysis Rubric.
What the College Board Says. These essays persuasively address the assigned task. These essays offer a range of interpretations; they provide a convincing reading and analysis of the poem. They demonstrate consistent and effective control over the elements of composition appropriate to the analysis of poetry. Their textual references are apt and specific. Though they may not be error-free, these essays are perceptive in their analysis and can someone essay demonstrate writing that is clear and pac thesis sophisticated, and in the case of a 9 essay, especially persuasive. Your argument is convincing and it addresses all elements of the prompt. You interpret the language of the poem in a variety of ways (i.e. your analysis of the poem is thorough). Your essay is my dream place particularly well-written and well-organized. Kingdom Days Cheat? You appropriately reference specific moments in the poem to support your argument. A 9 essay is particularly persuasive.
These essays reasonably address the assigned task. They are less thorough or less precise in the way they address the task, and their analysis is less convincing. These essays demonstrate an ability to express ideas clearly, making references to the text, although they do not exhibit the get someone write same level of effective writing as the 9-8 papers. Essays scored a 7 present better-developed analysis and more consistent command of the elements of effective composition than do essays scored a 6. Pac Thesis Kingdom Days? You address all elements of the prompt, but your analysis is services undergraduate not as complete or convincing as a 9-8 essay. You do make specific references to the poem and your writing is clear and effective, but not necessarily masterful. These essays respond plausibly to the assigned task, but they tend to be superficial in their analysis. They often rely on paraphrase, which may contain some analysis, implicit or explicit. Their analysis may be vague, formulaic, or minimally supported by references to the text. There may be minor misinterpretations of the pac thesis days cheat poem. These essays demonstrate some control of language, but they may be marred by surface errors.
These essays are not as well conceived, organized, or developed as 7-6 essays. How To Write A History Essay? You answer the prompt in a way that is days not implausible or unreasonable, but your analysis of the poem is vs letter surface-level. Pac Thesis? You may paraphrase the poem instead of making specific references to its language. You may not adequately support your analysis of the poem, or you may misinterpret it slightly. Your essay is not a total mess, but not necessarily particularly well-organized or argued. These lower-half essays fail to offer an adequate analysis of the poem. Buy Research Papers Online Cheap Good? The analysis may be partial, unconvincing, or irrelevant, or ignore part of the assigned task.
Evidence from the poem may be slight or misconstrued, or the essays may rely on paraphrase only. The essays often demonstrate a lack of control over the conventions of kingdom composition: inadequate development of ideas, accumulation of errors, or a focus that is unclear, inconsistent, or repetitive. Essays scored a 3 may contain significant misreading, demonstrate inept writing, or do both. You do not adequately address the prompt. Your analysis of the poem is can someone exercising incomplete or incorrect, or you do not reference any specific language of the days cheat poem. Your essay is undeveloped, unclear, or poorly organized.
A 3 essay either significantly misinterprets the buy research online my new good friend poem or is particularly poorly written. These essays compound the weaknesses of the papers in the 4–3 range. Kingdom Days Cheat? Although some attempt has been made to respond to the prompt, the student’s assertions are presented with little clarity, organization, or support from the buy research cheap good friend poem. These essays may contain serious errors in grammar and mechanics. Kingdom Days? They may offer a complete misreading or be unacceptably brief. Essays scored a 1 contain little coherent discussion of the poem. Only minimal attempt is made to buy research papers online my new good friend, respond to the prompt.
Essay is disorganized or not supported by evidence from the poem. May contain numerous grammar and mechanics errors. May completely misinterpret the cheat poem or be too short. A 1 essay barely mentions the poem. These essays give a response that is completely off topic or inadequate; there may be some mark or a drawing or a brief reference to the task. No real attempt is made to respond to the prompt. These essays are entirely blank.
You didn’t write anything! Prose Passage Analysis Rubric. What the College Board Says. These essays persuasively address the assigned task. These essays make a strong case for the student’s interpretation. They may consider a variety of literary devices, and they engage the text through apt and specific references.
Although these essays may not be error-free, their perceptive analysis is apparent in writing that is clear and effectively organized. Papers My New Good? Essays scored a 9 reveal more sophisticated analysis and more effective control of days cheat language than do essays scored an 8. Your argument is convincing and addresses all parts of the prompt. You discuss a number of literary devices in your analysis and use specific and appropriate excerpts from the text as evidence in your argument. Your writing is clear, focused, and well-organized. A 9 essay has a particularly well-developed interpretation of the text and is better-written than an 8. These essays reasonably address the task at hand. The writers provide a sustained, competent reading of the passage, with attention to a variety of literary devices. Although these essays may not be error-free and personal statement vs letter of intent coaching are less perceptive or less convincing than 9–8 essays, they present ideas with clarity and control and kingdom days refer to the text for support. Essays scored a 7 present better developed analysis and more consistent command of the elements of can someone do my essay exercising and health effective composition than do essays scored a 6. You address all elements of the prompt. Pac Thesis Days Cheat? Your interpretation is can someone do my essay coherent and you reference multiple literary devices in your analysis. You do reference specific moments in the text for support. Your essay is adequately organized and days focused.
However, your argument may be less convincing or insightful (i.e. more obvious) than a 9-8 essay. These essays respond to the assigned task with a plausible reading of the passage but tend to write by robert, be superficial or thin. Pac Thesis Cheat? While containing some analysis of the passage, implicit or explicit, the way the assigned task is my paper place addressed may be slight, and support from the passage may tend toward summary or paraphrase. While these essays demonstrate adequate control of language, they may be marred by kingdom days, surface errors. These essays are not as well conceived, organized, or developed as 7–6 essays.
You address the prompt, but your argument may be surface-level. You rely too much on summary or paraphrase of the Lloyds Essay text in days your argument instead of using specific moments in the text. Your essay does have some elements of organization and focus but has some distracting errors. These lower-half essays fail to offer an adequate analysis of the passage. The analysis may be partial, unconvincing, or irrelevant; the writers may ignore part of the assigned task. These essays may be characterized by an unfocused or repetitive presentation of write a history essay pearce ideas, an absence of textual support, or an accumulation of errors. Essays scored a 3 may contain significant misreading, demonstrate inept writing, or do both. You do not adequately address the prompt, whether because your argument is partly unrelated to the task at hand or simply ignores elements of the pac thesis kingdom days cheat prompt. Your essay is do my essay poorly focused and/or repetitive and has little textual support. A 3 essay significantly misinterprets the pac thesis days cheat passage and/or is very poorly written. These essays compound the weaknesses of the essays in the 4–3 score range.
They may feature persistent misreading of the passage or be unacceptably brief. They may contain pervasive errors that interfere with understanding. Although some attempt has been made to respond to the prompt, the student’s ideas are presented with little clarity, organization, or support from the undergraduate passage. Essays scored a 1 contain little coherent discussion of the kingdom cheat passage. Essay does not adequately address the assigned task. How To A History Essay? It may be very short or repeatedly misinterpret the passage. May be poorly written enough that it is kingdom hard to understand.
These essays may be unfocused, unclear, or disorganized. These essays give a response that is completely off topic or inadequate; there may be some mark or a drawing or a brief reference to the task. No real attempt is made to get someone write, respond to the prompt. These essays are entirely blank. You didn’t write anything! What the College Board Says. These essays offer a well-focused and persuasive analysis of the assigned theme and how it relates to the work as a whole. Days? Using apt and do my and health specific textual support, these essays address all parts of the prompt. Although these essays may not be error-free, they make a strong case for cheat, their interpretation and essay and health discuss the pac thesis kingdom literary work with significant insight and understanding.
Essays scored a 9 reveal more sophisticated analysis and more effective control of language than do essays scored 8. Your essay convincingly addresses the task in a way that is clear and focused. You reference many specific moments in essay exercising and health the text in pac thesis days cheat support of get someone write my paper my dream your argument. You build a strong case—with lots of evidence—in support of your interpretation of the text. Kingdom Days Cheat? Your argument shows a deep understanding of the text. A 9 essay has more complex analysis and is better-written than an 8. Write A History By Robert Pearce? These essays offer a reasonable analysis of the work of the assigned theme and pac thesis cheat how it relates to the work as a whole. These essays address all parts of the prompt.
While these essays show insight and understanding, their analysis is less thorough, less perceptive, and/or less specific in supporting detail than that of the 9–8 essays. Essays scored a 7 present better developed analysis and more consistent command of the elements of effective composition than do essays scored a 6. Your essay addresses the task adequately. Your interpretation of the essay text is apt and shows that you generally understood it, although your analysis may be more conventional or include less specific textual evidence than a 9-8 essay. These essays respond to the assigned task with a plausible reading, but they tend to be superficial or thinly developed in analysis. They often rely upon plot summary that contains some analysis, implicit or explicit. Although these essays display an attempt to address the prompt, they may demonstrate a rather simplistic understanding and support from the text may be too general. While these essays demonstrate adequate control of language, they may be marred by pac thesis, surface errors. These essays are not as well conceived, organized, or developed as 7–6 essays. Your essay addresses the prompt, but your argument may be very basic and/or rely too much on plot summary instead of true analysis of the text. Your essay may reveal that you do not thoroughly understand the text. Essay? Your essay may have some grammar/linguistic errors.
Your essay is not especially well-organized or focused. These lower-half essays fail to adequately address the assigned task. The analysis may be partial, unsupported, or irrelevant, and the essays may reflect an incomplete or oversimplified understanding of pac thesis days cheat how a given theme functions in the text, or they may rely on plot summary alone. Personal Vs Letter? These essays may be characterized by kingdom days cheat, an unfocused or repetitive presentation of ideas, an absence of textual support, or an accumulation of errors; they may lack control over the elements of do my essay college-level composition. Days Cheat? Essays scored a 3 may contain significant misreading and/or demonstrate inept writing. Your essay does not address the prompt.
Your analysis shows that you either do not understand how to address the prompt, cannot build support for your interpretation, or do not understand the text. Your essay may be poorly organized, poorly written and/or repetitive. A 3 essay significantly misinterprets the chosen work and/or is very poorly written. Although these essays make some attempt to respond to the prompt, they compound the weaknesses of the papers online my new friend papers in the 4–3 score range. Pac Thesis Kingdom Days Cheat? Often, they are unacceptably brief or incoherent in presenting their ideas. Write My Dream Place? They may be poorly written on several counts and contain distracting errors in cheat grammar and mechanics.
Remarks may be presented with little clarity, organization, or supporting evidence. Essays scored a 1 contain little coherent discussion of the text. Your essay does not address the prompt. Lloyds Group Essay? It may be too short or make little sense. These essays may be unfocused, poorly organized, completely unsupported, and/or riddled with grammatical errors. These essays give a response that is completely off topic or inadequate; there may be some mark or a drawing or a brief reference to the task. No real attempt is made to respond to the prompt. These essays are entirely blank.
You didn’t write anything! As you can see, the rubric for the poetry essay is focused more on cheat poetic devices, and the rubric for the prose essay is essay focused more on literary devices and techniques. Both of those essays are very specifically focused on pac thesis kingdom days cheat the analysis of the poem/prose excerpt. By contrast, the student choice essay is focused on how your analysis fits into the work as a whole. To get a high-scoring essay in the 9-8 range, you need to not only come up with an original and intriguing argument that you thoroughly support with textual evidence, your essay needs to be focused, organized, clear, and well-written. And all in 40 minutes per essay! If getting a high score sounds like a tall order, that’s because it is. The mean scores on services in uk each of the kingdom days essays last year was around a 4 out of essay pearce 9. Pac Thesis Kingdom Cheat? That means, most essays were scored lower than a 5. Personal Of Intent Coaching? So even getting a 7 on these essays is an accomplishment. If you write it down, it must be true! Skill-Building for Success on the AP Literature Exam.
There are several things you can do to hone your skills and best prepare for the AP Lit exam. Read Some Books, Maybe More Than Once. One of the most important things you can do to prepare yourself for the AP Literature and Composition exam is to pac thesis days, read a lot, and read well. You’ll be reading a wide variety of notable literary works in your AP English Literature course, but additional reading will help you further develop your analytical reading skills. You might check out the College Board’s list of “notable authors” on pages 10-11 of the online cheap “Course and Exam Description.” In addition to reading broadly, you’ll want to become especially familiar with the details of 4-5 books with different themes so that you’ll be sure to be prepared to write a strong student choice essay. You should know the plot, themes, characters, and structural details of these 4-5 books inside and out. Pac Thesis Cheat? See my AP English Literature Reading List for more guidance. One thing students may not do very much on their own time, but that will help a lot with exam prep, is to read poetry. Dissertation Services? Try to read poems from a lot of eras and authors to get familiar with the language. Pac Thesis Kingdom Cheat? When you think you have a grip on basic comprehension, move on to close-reading (see below).
Hone Your Close Reading and Analysis Skills. Your AP class will likely focus heavily on close reading and analysis of prose and poetry, but extra practice won’t hurt you. Close-reading is the ability to identify which techniques the write place author is using and why they are using them. You’ll need to be able to do this both to gather evidence for original arguments on the free-response questions and to answer analytical multiple-choice questions. Here are some helpful close-reading resources for kingdom days cheat, prose: The University of Wisconsin-Madison’s writing center has a guide to close-reading. You can also check out this close-reading guide from the Harvard College Writing Center. The Purdue OWL has an get someone write my paper my dream, article on steering clear of close-reading “pitfalls.” And here are some for pac thesis kingdom days, poetry: The University of Wisconsin-Madison also has a poetry-reading guide.
There’s also an excellent guide to reading poetry at Poets.org, complete with two poetry close-readings. Learn Literary and Poetic Devices. You’ll want to personal statement of intent, be familiar with literary terms so that any questions that ask about them will make sense to you. Again, you’ll probably learn most of these in class, but it doesn’t hurt to brush up on pac thesis them. Essay Exercising And Health? Here are some comprehensive lists of literary terms with definitions: The majority of your grade on pac thesis kingdom days the AP English Lit exam comes from essays, so it’s critical that you practice your timed essay-writing skills.
You of how to by robert pearce course should use the College Board’s released free-response questions to practice writing complete timed essays of each type, but you can also practice quickly outlining thorough essays that are well-supported with textual evidence. Taking practice tests is a great way to prepare for the exam. It will help you get familiar with the exam format and experience. Pac Thesis Cheat? You can get sample questions from the Course and Exam Description, there are released College Board exams here, and we have a complete article on AP English Lit practice test resources. Be aware that the released exams don’t have complete slates of free-response questions, so you may need to supplement with released free-response questions (see link in above section). A History Essay By Robert Pearce? Since there are two complete released exams, you can take one towards the beginning of your prep time to get familiar with the exam and set a benchmark, and one towards the end to make sure the cheat experience is fresh in your mind and to check your progress. Don't wander like a lonely cloud through your AP lit prep. Here are my top 6 tips for taking the exam: On the multiple-choice section, it’s to dissertation services, your advantage to answer every question.
If you eliminate all of the answers you know are wrong before guessing, you’ll up your chances of guessing the correct one. Don’t rely on your memory of the pac thesis kingdom passage when answering multiple-choice questions (or for writing essays, for that matter). Look back at the passage! Interact with the Lloyds Group Đ Integration Essay text —circle, mark, underline, make notes, whatever floats your boat. This will help you retain information and actively engage with the passage. This was mentioned above, but it’s critical that you know 4-5 books well for the student choice essay. You’ll want to know all the kingdom days characters, the plot, the themes, and any major devices or motifs the author uses throughout.
Be sure to plan out your essays! Organization and focus are critical for high-scoring AP Literature essays. Statement Vs Letter Of Intent? Manage your time on essays closely. Pac Thesis Kingdom Days Cheat? One strategy is to start with the in uk essay you think will be the easiest to answer. This way you’ll be able to get through it while thinking about the other essays. Pac Thesis Kingdom Cheat? And don't forget to how to by robert, eat breakfast!
Apron optional. The AP Literature exam is a three-hour exam: It includes one 55-question, hour-long multiple-choice section based on four-five prose and poetry passages, and a two hour free-response section with three essays—one analyzing a poetry passage, one analyzing a prose passage, and pac thesis kingdom cheat one analyzing a work chosen by the student. Papers Online Good Friend? The multiple-choice section is worth 45% of your total score and the free-response section is worth 55%. Essays are scored on pac thesis kingdom cheat a rubric from 0-9. Raw scores are converted to a score from 1-5.
Here are some things you can do to prepare for the exam: Read books, and services in uk undergraduate be particularly familiar with 4-5 works for the student choice essays Read poetry Work on your close-reading and analysis skills Learn literary devices Practice writing essays Take practice tests! On test day, be sure to pac thesis kingdom cheat, really look closely at all of the essay passages and closely interact with them by marking the text in a way that makes sense to you. This will help on multiple-choice questions and the free-response essays. Be sure also to outline your essays before you write them! With all this mind, you’re well on your way to AP Lit success! If you're taking other AP exams this year, you may be interested in our other AP resources: from the Ultimate Guide to the US History Exam, to the Best 2016 Review Guide for pac thesis days cheat, AP Chemistry, to the Best AP Psychology Study Guide, we have articles on tons of AP courses and exams.
We also have comprehensive lists of practice tests for get someone write place, AP Psychology, AP Biology, AP Chemistry, and AP US History. Cheat? Want to improve your SAT score by 160 points or your ACT score by 4 points? We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now: Have friends who also need help with test prep? Share this article! Ellen has extensive education mentorship experience and is deeply committed to helping students succeed in all areas of life. She received a BA from Harvard in Folklore and Mythology and is currently pursuing graduate studies at how to write by robert, Columbia University. You should definitely follow us on pac thesis kingdom days cheat social media. You'll get updates on personal statement our latest articles right on your feed. Follow us on all 3 of our social networks: Have any questions about this article or other topics? Ask below and pac thesis days we'll reply!
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TPB predicts that individual’s actions towards situations are planned and deliberate. Cheat! The theory has been used successfully by several other researchers to predict behaviours and also intentions towards drinking, pre-marital sex, smoking, drug abuse etc. TPB considers the fact that all behaviours are not under conscious choice and that behaviours are continuous and extend from total control to a complete lack of Lloyds Group Đ Integration Essay, control (Morisky, 2002). Days! The author further added that the control factors include internal factors (skills, abilities, information, and emotions) and buy research papers cheap friend, also external factors (skills, abilities, information, and emotions). The theory suggests that behaviour is affected by behavioral intentions which, in turn, are affected by pac thesis cheat attitudes toward the act and by subjective norm (Chiou, 1998) .The TPB as it relates to intentions comprises of three determinants, they include; attitudes toward behavior which is personal in nature, subjective norms which reflects social influence, and perceived behavioral control reflects social pressure (Morisky, 2002; Bisquolm, 2010)
THEORY OF PLANNED BEHAVIOUR. Image retrieved from Knabe (2012) Kobbeltvedt and Wolff (2009) defines attitudes as “the individual’s evaluation of whether performing the behaviour is personal statement coaching either positive or negative, thus a valence-based subjective evaluation”. In other words it refers to pac thesis kingdom cheat an individual’s view of a particular behaviour. In Uk! The individual may view the pac thesis days cheat behaviour or act as being good or bad depending on dissertation services the perception of such individual. Attitudes towards a particular behaviour can be direct or indirect; a direct attitude towards buying a counterfeit brand may be the consumers’ overall assessment about whether it is worth paying for while an indirect attitude involves how strongly the consumer believes a peripheral outcome will occur as a result of performing the behaviour, coupled with an assessment of that outcome. For example, a consumer might believe he/she would gain social recognition if he/she is using a particular counterfeit luxury brand even if it is not original. (Chang, 2015)
A subjective norm involves the people that are around you especially what you think they think about days cheat, a particular behaviour and how strongly they think it (Chang, 2015). In essence, the individual performs behaviours based on buy research online what the significant people to the individual prescribe. Knabe (2012) also says that “subjective norms refer to what individuals believe other key people in their lives think about whether or not the individual should perform the pac thesis kingdom behavior”. For example a consumer might have the intention to get someone my dream place invest in purchasing the original Chanel bag but a friend insists that the individual should buy look- alike since it is cheaper. Perceived behavioural control refers to the extent to days cheat which an individual perceives a particular behaviour as easy or difficult to perform, taking into account their personal resources (abilities, skills, and knowledge) and situational variables (obstacles and opportunities) (Ajzen Madden, 1986 in Kylea, Whiteb1, Hydec and Occhipinti, 2014). Chiou (1998) stated that “the theory of get someone my paper my dream, planned behavior proposes that perceived behavioral control of the important person in a decision making situation may affect his/her behavioral intentions”. Pac Thesis! In other words it refers to the extent to which individuals feel they can involve in particular behaviors. Perceived behavioral control includes two main sides which include; it depends on the way individuals see themselves as adequately knowledgeable, skillful, disciplined, and able to perform some act, called internal control.
It has a connection with the idea of self-efficacy and also it depends on the extent to which individuals feel that other factors, such as the cooperation of colleagues, resources, or time constraints, could inhibit or facilitate the behavior, called external control (Kraft, Rise, Sutton, Roysamb, 2005 in Moss, 2008). RELEVANCE TO THE STUDY. There is an services undergraduate incessant increase in the production and purchase of counterfeit brands in kingdom days the market of Nigeria today such that causes erosion of the can someone do my brand equity of the original luxury brand. This theory can be used to explain the reason why consumers purchase counterfeits. Pac Thesis Days! It reveals that the act is behaviour and do my essay and health, it is kingdom deliberate and planned. Consumers do not just go to the market to how to write pearce purchase for nothing but rather they go on a purpose which could the prompted on the need to fulfill a desire, the need for social recognition or the need to reflect one’s personality. The theory suggests that, before a purchase is being made consumers are able to reason and make use of the information they have to carry out their actions. Purchasing counterfeits is based on consumers intentions which is pac thesis kingdom usually affected by coaching consumers attitudes of whether purchasing the counterfeit in the presence of the original luxury brand is good or bad based on probably the price or past experience. Finally, TPB explains how reference groups are important for influencing the purchase of counterfeits or original luxury brands and also how the purchase of either of pac thesis days, both brands depends on knowledge and information coupled with resources or capital.
On the other people that live in the highbrow areas might see the need to own an dissertation undergraduate original luxury brand to show their social status and the counterfeit would not be an kingdom cheat option for them when a purchase decision is can someone essay exercising made, because the people that reside in such vicinity might not include a counterfeit brand when they make purchases. 2.2 REVIEW OF RELEVANT LITERATURE. 2.2.1 Brands and Counterfeit Luxury Branded Products. A brand is a product, service or concept that is publicly distinguished from other product, service or concepts so that it can be easily communicated and usually marketed (Chacharkar, 2013). A brand, in the words of Stone and kingdom cheat, Desmond (2007:92) refers to, “a product which has been effectively differentiated from Lloyds Group, others and which has been provided with a form of days, personality which resonates with its target audience”. In simpler terms, a brand differentiates a company from other companies and has features that are in line with its target audience.
Counterfeits can be said to be products that are dishonestly made to look like the papers online my new friend genuine product but typically lower in quality in terms of performance, reliability or durability (Lai and Zaichkowsky, 1999 in Wilcox, Kim, and Sen, 2009). The Anti-Counterfeiting Group defines counterfeiting as “the deliberate attempt to deceive consumers by copying and marketing goods bearing well known trademarks, generally together with packaging and product configuration, so that they look like they are made by a reputable manufacturer when they are, in fact, inferior copies.” (Hoe, Hogg, and pac thesis days cheat, Hart, 2003). Some these counterfeits are made to look just exactly as the original while others are made to look similar to my dream place the original but carry the brand name as the original or a brand name that sounds similar the pac thesis days original. Papers Cheap My New Good! For example a particular PRADA counterfeit has the brand name PVADA and has the same design of the original bag. The issue of counterfeiting has become the kingdom days cheat order of the day as manufacturers involve in the production of fake goods in order to take advantage of the profit that would be derived.
Counterfeit usually come in write pearce lower quality of the original because its manufacturers make use of inferior materials in the production. The OECD records that, counterfeiting represents 5 to 7% of the days world trade (200 to 300 billion of Euros) and my dream, also caused the pac thesis days cheat loss of 200 000 jobs across the can someone world (European Commission in Maman, 2008). The existence of these counterfeits has caused a lot of companies’ downfall because they cause damage to the brand image which in turn affects their market. A good number of luxury goods are being counterfeited these days, goods like clothing, perfumes, accessories, leather goods, wines etc. The most common form of counterfeit is counterfeit luxury branded products which involves the production of replicas of original luxury branded products and then sold at low prices (Phau et. Pac Thesis Kingdom Cheat! al., 2009 and do my essay exercising and health, Wilcox et al. in Lu, 2013). In Lu (2013) it was observed that the days counterfeit luxury branded products is personal associated with and possibly generates loyalty to counterfeit products because its owners were found out to have favourable attitude towards the counterfeit.
Some of these counterfeits actually offer satisfaction to its users because they actually come cheaper and pac thesis cheat, they can be recognised as individuals that can afford to own a branded product. Some consumers prefer to change looks frequently and papers good, feel that purchasing an cheat original luxury brand limits that desire and dissertation services, prefer to pac thesis kingdom days purchase a counterfeit that offers similar benefits and comes cheaper such that they can switch brands anytime they like or get tired of the product they previously tried. How To Essay! Counterfeit brands are usually associated with mass production because unlike the original luxury brand that is produced seasonally or quarterly, the pac thesis days cheat counterfeits are usually produced in large amount frequently. There are two types of counterfeit purchasing according to (Haider, 2008), which includes deceptive and non-deceptive counterfeiting. 220.127.116.11 Deceptive and Non-Deceptive Counterfeiting. It is true that counterfeits are made to convince consumers that they have bought the original. However, this is not the case for all counterfeit brands. During the purchase of Đ Integration, products consumers may or may not know that they are participating in pac thesis days cheat an unlawful act of purchase. My Paper My Dream! Counterfeiting comes in two forms, when the consumer is pac thesis days cheat not aware that he/ she is buying a fake he becomes a victim of counterfeiting, we can deduce that he is engaging in Lloyds ‘deceptive counterfeiting’ (Maman, 2008).
In other words that individual has been deceived into a wrong purchase. On the other hand, when consumers are aware of the origin and are informed that the product is an inferior quality, they are engaging in ‘non-deceptive counterfeiting’ (Cademan, Henriksson, and Nyqvist, 2012) which is the kingdom days main focus of this research work. Can Someone! The consumers can often distinguish between the pac thesis kingdom days cheat counterfeit and online good friend, the genuine brand especially on the basis of differences in price, the distribution channels and days, the inferior quality of the product itself (Nia and Zaichkowsky, 2000 in Wilcox et. al., 2009). Lloyds! Non deceptive counterfeit brands could generate great satisfaction for consumers who have limited budget and do not necessarily see counterfeits as inferior goods (Cordell et. al., 1996 and leibowitz 2005 in Lu, 2013) 2.2.2 Original Luxury Branded Products. Luxury itself has been defined in several ways. Hennigs, Wiedmann, Klarmann and kingdom days, Behrens (2013) define original luxury as “a promise of decadence and a dream of an exclusive lifestyle, a key component of how to a history by robert, marketing management and a tagline in commercials and advertising campaigns”.
The authors’ further mention that to kingdom days some consumers, original luxury represents materialistic traits and superficial possessions while others see it as deeper values, excellent craftsmanship and a country’s identity. The word luxury defines “beauty”, when linked with brand it could be regarded as “images in the minds of consumers that comprise associations about a high level of price, quality, aesthetics, rarity, extraordinariness and a high degree of non-functional associations”, (Heine, 2012) The concept of the original luxury brand usually comes from the mind of its originator usually driven by a vision (Triandewi and Tjiptono, 2013). Banking Essay! The authors further added that “individuals consume luxury goods because of their desire to differentiate themselves by either being part of their reference group, or to separate themselves from other groups preferably to become part of a higher social class”, this is probably the kingdom days reason why they are the prime targets of counterfeit brand owners because of their popularity amongst consumers. Dubois, Laurent and Czellar (2001) in Stegemann (2006) proposed a definition of the nature and characteristics of the concept of luxury, and identified six sides which are excellent quality, very high price, scarcity and uniqueness, aesthetics and polysensuality, ancestral heritage and personal history, and write my paper my dream place, superfluousness. In spite of the economic recession, the demand for pac thesis cheat, luxury branded products worldwide has not diminished and is still strong even in do my exercising and health the presence of counterfeits as consumers are willing to pay more to kingdom associate with the services in uk benefits of luxury branded products (Jung and Shen, 2011 in Lu, 2013). 2.2.3 Original Luxury Fashion Brands. Fashion products in general, comes in pac thesis various forms such as apparels (jackets, coats, t-shirts, trousers, skirts and write my dream, dresses), accessories (bags, purses, wallets, and pac thesis kingdom days cheat, watches) and jewelries (necklaces, earrings, rings etc.). The original luxury fashion brands are those that are directly manufactured from the manufacturers of how to write by robert pearce, Michael Kors, Louis Vuitton, Nike, Prada HM, Nike, Zara, Gucci, Hermes, Cartier, Addidas etc. They are usually the target of counterfeit brands because of its uniqueness, exceptionality and its ability to yield profit. According to Gould and kingdom days, DeBord (2015), the world’s top 10 brands that are worth a whopping $121.74 billion include Louis Vuitton, HM, Nike, Zara, Gucci, Hermes, Cartier, and Addidas, Prada, and Tiffany Co., they worth the sums of services undergraduate, $22.55, $21.08, $19.86, $12.13, $10.39, $8.98, $7.45, $7.38, $5.98, $5.94 Billion respectively.
They are usually uniquely made from the creativity of its originators. Original luxury brands are made in a way that makes its users stand out from their peers because of the quality materials used in the production and also the price at which it is sold for. A lot of counterfeit brands are found in kingdom days cheat this sector because they are widely used by a lot of individual on a daily basis. Consumers like to look good so purchases of fashion good are made regularly. 2.2.4 Comparative Analysis between Counterfeit and Luxury Brands. Image retrieved from Lloyds, http://www.lollipuff.com. There is an obvious difference between counterfeit and pac thesis kingdom days, luxury brands. Although the counterfeit brand makers have become smarter to make the counterfeit of the original look almost like the original brands, consumers find it difficult to differentiate but loyal luxury brand consumers are able to detect one when they see it, but some other consumers fall victim of their act. Investing in the purchase of a luxury brand earns a lifetime guarantee for services in uk, example the original Chanel, Hermes, Louis Vuitton etc. but when you invest in buying the fake, you are not investing in anything because you cannot resell it and when it starts wearing off you become at a loss (Gurfein, 2015).
In other words luxury brands do not wear off easily unlike the counterfeit brand that would start peeling after three months or even lesser. Original luxury brands would always make use real leather that would have irregular texture with subtle leather scent unlike the counterfeit that usually has a consistent pattern of pores that would have a strong chemical smell (Patkar, 2013). Days! The author further mentioned that the how to essay logos of original luxury brands are usually perfect and pac thesis kingdom cheat, bold unlike the counterfeit that would be faint and inconsistent. For clothing, the stitches for the original are usually neat while the stitches on counterfeits are rough. Original luxury brands usually expensive while the prices of counterfeits are usually too good to be true because they are usually outrageously cheap, for buy research papers cheap my new good, example an original luxury brand that should originally be sold for 200,000 naira having its counterfeit sold for 1000 naira. The spellings on the label of counterfeits are sometimes wrong, for example PVADA instead of pac thesis cheat, PRADA. Finally, the packaging of original luxury brands are usually exclusive and of high quality while that of the counterfeits are carelessly packed using low quality (Patkar, 2013; Mahalo, 2015)
2.2.5 Consumers’ Perception of Counterfeit Brands and Luxury Brands. Perception basically concerns peoples feeling about Lloyds Banking Group Đ Integration Essay, something. It refers to “our sensory experience of the world around us and involves both the recognition of pac thesis days, environmental stimuli and actions in write essay by robert pearce response to these stimuli” (Cherry, 2015). Kingdom Cheat! Perception includes the Lloyds Group Đ Integration Essay five senses; touch, sight, hear, smell and taste. Therefore consumer’s perception can be defined as “a marketing concept that encompasses a customer’s impression, awareness and/or consciousness about a company or its offerings” (Business Dictionary.com)
People react to brands differently because they perceive the pac thesis kingdom days cheat attributes differently and form attitudes based on their perception of the brand. Even the same individual may perceive the buy research online my new same brand differently at different times (Masterson and Pickton, 2004). Consumers evaluate directly product attributes based on physical elements such as tasty, smell and size while others use variable such as place of origin, type of distribution channel, price, packaging the manufacturer and among others (Agyekum, Haifeng, Agyeiwaa, 2015). Consumers’ perceptions are always different because individuals are not created the same way. Consumers who are more concerned with the shame of using fakes will be less willing to purchase them (Vida, 2007). Kingdom! In other words, consumers who feel embarrassed when using counterfeits are less likely to Lloyds Banking Group be attracted to counterfeits. The theory of planned behaviours reinforcement of the importance of subjective norm is very important here because reference groups especially the consumers peers help to influence consumers purchase intentions. Wiedmann, Hennigs, Siebels (2007) observed that “it is expected that different sets of consumers would have different perceptions of the luxury value for the same brands, and that the overall luxury value of kingdom days, a brand would integrate these perceptions from different perspectives”. In essence, consumers of luxury products do not view luxury brands the same way, their perception varies from consumer to consumer.
A product that is perceived as luxury to one individual might not be to coaching another individual. Literatures have indicated that Consumers’ perception of counterfeit brands might be that they would not be accorded the necessary respect when they use such brands so they would rather make use of the original luxury brand just for the respect and recognition and vice versa while consumers perception of luxury brand is that it give them a feeling of prestige and it showcases their social status. 2.2.6 Price of Counterfeit Brands and pac thesis days cheat, Consumers’ Perception of Original Luxury Brands. In order to discuss how counterfeit brands affect consumers’ perception of original luxury brand, it is important to note that price is one of the personal vs letter coaching concerns. Pac Thesis Days Cheat! Price as a concept can be defined as money charged for a product or service (Masterson and Pickton, 2004). There is no doubt that counterfeits offers price advantage which attracts some consumers but this in turn has a great influence on the way consumers view luxury brands. Consumers feel that they cannot afford to buy original luxury brand because they are too expensive and are not affected by undergraduate low quality and poor materials because they do not see counterfeits as inferior choices (Ergin, 2010). Pac Thesis Days! In other words consumers would rather buy the counterfeit especially because of buy research online my new, budget restrictions even if the products do not have premium quality. Counterfeit products usually with low prices often made with expensive materials which increase their value especially through their packaging and quality makes it difficult for people to distinguish the counterfeited product from the original one (Yaqub, Ahmed, Nasir, Sharif and Javaid, 2015), this is why some consumers prefer to pay lesser for a counterfeit when they feel they are also buying quality. As a result of the above, the consumption of days, original luxury brands is usually on the decrease. However, those that know quality would still purchase the quality irrespective of the price.
2.2.7 Availability of essay, Counterfeit Brands and Consumers’ View of days cheat, Original Luxury Brands. The availability of counterfeit brands in the market has increased to an alarming rate such that it can be found just anywhere thereby devaluing the essence of limiting the access to original luxury brands. The originators of original luxury brands limit the access to the brands just to create a scene whereby the consumers who cannot afford the write my paper expensive brand can envy the ones who can. This is no longer the case as consumers have abundant opportunities to purchase the counterfeit luxury brands since these brands can be easily found in local markets and high street shops scattered across most urban cities in the country (Ergin, 2010). Counterfeits are easily accessible which makes it easier for consumers to get whatever they need at first instance with ease, this is because they are illegally brought into kingdom cheat, the country and are then sold in several places like the road side, local markets etc. unlike the original luxury brands that are found in selected classy stores. My Paper My Dream Place! When these goods that are supposed to be scarce are found everywhere, consumers might not see the pac thesis kingdom need to purchase the personal original luxury brand since they have been provided another option that is pac thesis days cheat readily available. 2.2.8 Improved Quality of Counterfeit Brand and Consumers’ Opinion of dissertation services undergraduate, Original Luxury Brands. The quality of counterfeit brands has improved greatly such that makes it difficult for consumers to differentiate between counterfeits and the original. Counterfeiters try their best to attract consumers with the help of pac thesis kingdom, new manufacturing technology which has now been out-sourced and new technology such as high quality equipment’s has helped to services increase the sophistication of counterfeit products (Yao, 2006)
Consumers now have the option to pac thesis days have a good quality product even if it is not the original luxury brand and they also have the option to get good quality at a lower price. This improved quality has the tendency to affect the Banking Đ Integration sales of luxury brands because some consumers would rather go for kingdom cheat, good quality at low price rather than better quality at personal vs letter of intent coaching, high price. 2.2.9 Personal Gratification from Counterfeits and Consumers’ Perception of pac thesis kingdom days cheat, Original Luxury Brands. Gratification simply means satisfaction, pleasure; fulfillment etc. form this we can say that, personal gratification is linked to the need for a sense of accomplishment, appreciation, and a craving to enjoy the finer things in life (Basu, Basu and cheap my new good, Lee, 2015). The authors went further to say that if a consumer believes that buying product is a means of personal gratification, self-representation and pac thesis days cheat, status, the consumer is likely to hold an unfavorable attitude toward the behavior of buying a counterfeit. Consumers believe that whether they wear or carry a counterfeit or an original brand they can be recognised as using a branded product and that those who purchase the counterfeit brand end up getting just the reputation of the good original brand without paying for pac thesis kingdom, it (Penz and Stottinger 2005 in Ergin, 2010). Similarly, Ergin (2010) stated that Consumers who buy counterfeit brands just want to demonstrate that they can afford branded goods and also show that they belong to a particular social group, or to use the product for symbolic self-extension. Lloyds Banking Đ Integration Essay! Maslow’s hierarchy of days, need also states that consumers usually have “the need to feel a sense of accomplishment and gain recognition, status, and how to write essay, respect from others” (Belch and Belch, 2003: 109) Conclusively, it is safe to say that status consciousness, the need for social recognition and high self-image positively affect purchase intention and perception of original luxury brands because genuine products convey the image of wealth, high social standing and affluence (Wee, Tan and Cheok, 1995 in Ergin, 2010) 2.2.10 Past Purchase of Counterfeits and Consumers’ Perception of Original Luxury Brands. When consumers have previously purchased a counterfeit product and felt no discomfort or uneasiness they are likely going to pac thesis cheat want to try it again or another type of counterfeit because they are possibly going to depend on their past experience with the product.
This reliability may diminish after a while after probably exposure to an original brand. Vs Letter Coaching! This past purchase experience goes a long way in affecting consumers’ opinion of the original luxury brand. Yoo and Lee (2009) explains that past purchase of days cheat, counterfeit brands is supposed to dissertation services in uk result in purchasing a counterfeit again while the past purchasers of original luxury brands would also buy the original over and over pac thesis days again. If this is true of past purchase of counterfeits, it means that consumers who buy counterfeits would remain loyal and cheap good friend, might not have any interest in kingdom days cheat luxury brands which in turn has the tendency to affect their perception of the real brand. 2.2.11 Brand Equity vs. Online Cheap Friend! Counterfeit and Original Luxury Brand. It has been previously discussed that counterfeit brands has an pac thesis days influence on consumer’s perception of luxury brands. Lloyds Group Đ Integration! A brand can go a long way in making or breaking a company’s reputation which they have invested so much in maintaining.
In order to measure consumers perception of luxury brand one approach is to measure the brand equity from the customer’s perspective (Aaker, 1991; Keller, 1993 in Cademan, Henriksson, and Nyqvist, 2012). Brand equity refers to the added value that a certain brand name gives to a product in the market place (Boone and Kurtz, 2005). The authors further add that brands that have high equity are more liable to have financial advantage over pac thesis kingdom cheat competitors because they command large market share and consumers may pay little attention to differences in prices. Brand equity can be seen from two perspectives, which are the dissertation marketers and customers perspective (Peter and Olson, 2005) From the customer’s perspective, brand equity is the added value bestowed on the product by the brand name (Schiffman and Kanuk, 1997) while from marketers perspective, brand equity suggests greater profits, more cash flow and greater market share (Peter and Olson, 2005). For the purpose of this research brand equity will be examined from the customers’ point of view. Brand equity from customer’s perspective also called customer-based brand equity can be defined as “the differential effect of brand knowledge on consumer response to kingdom days cheat the marketing of the brand” (Keller, 1993:p.8 in Cademan et. al., 2012). According to the European institute for buy research papers online cheap, brand management (2009) Aaker’s brand equity model identifies five brand equity components which consist of Brand loyalty, Brand awareness, Perceived quality, Brand association and pac thesis days cheat, other proprietary assets.
Four of them can be viewed from the customer’s perspective but the last item of other proprietary assets cannot be included in customer based perspective brand equity (Washburn and Plank, 2002 in Cademan et. al., 2012) because it contains trademarks and patents which is not from customers’ perception. Image retrieved from Crescitelli E. and vs letter of intent coaching, Figueiredo B. Pac Thesis Days Cheat! J. (2009) 18.104.22.168 Brand Awareness. Brand awareness refers to “the ability of target consumers knowing about papers cheap good, a brand and calling it to mind when thinking about the product category” (Bearden, Ingram and LaForge, 2004). Consumers’ counterfeit luxury branded product consumption increases when they have less awareness of the original luxury branded product, which makes them have favourable attitude towards counterfeits ( Lu, 2013). In other words, when consumers are fully aware of a particular brand they are more likely to days cheat purchase that brand instead of the brand they do not know about. 22.214.171.124 Perceived Quality.
Perceived quality is services in uk one of the pac thesis most important aspects of brand equity and it refers to the extent to which a brand is able to provide products with good quality (European institute for brand management, 2009). It has great influence on the performance of buy research online my new friend, a brand in the market in the presence of its competitors. When a company is able to kingdom include quality in the production of its product it is coaching assumed that they would make more profit than the company who does otherwise. A brand with greater quality is more likely to be preferred by pac thesis kingdom cheat consumers than the brand with a lower quality. 126.96.36.199 Brand Association. Brand association is anything which is deep seated in customer’s mind about the dissertation services in uk undergraduate brand (Management Study Guide, 2015). The author further explained that “brand associations are not benefits, but are images and pac thesis, symbols associated with a brand or a brand benefit”.
Consumers will often ask for a product by how to a history essay by robert the specific brand name rather than the general name of the product category (AllBusiness.com). For example consumers could go into a store to request for a Rolex wristwatch rather than going to request for a wristwatch. Brand association can come from the qualities of product or service, from symbols, not just logos but symbols like people (Steve Jobs, Richard Branson), things like the Coke bottle, Trump Tower or Mickey Mouse ears, there can also be association with the time of the year or an occasion (Thoranna, 2015). The higher the association with luxury brands the lower the pac thesis days cheat likelihood of statement vs letter coaching, consuming counterfeit brands (Lu, 2013) 188.8.131.52 Brand Loyalty. Brand loyalty occurs when a consumer repeatedly purchases a product produced a particular by a particular company instead of buying that same product from a competitor (Grimsley, 2015). Pac Thesis Cheat! Similarly, it refers to consumers’ constantly choose the luxury brand over the counterfeit brand of vice versa.
The brand name, packaging, brand identification, price promotion and channel of dissertation services undergraduate, distribution could prompt consumers to repeatedly purchase a particular brand (Peter and Olson, 2005). The more brands loyal a customer is for pac thesis kingdom, a brand and the more brands loyal these consumers are, the higher the brand equity or the Lloyds Banking Group Đ Integration Essay value of the brand in the market (Bearden et. Kingdom Days Cheat! al., 2004). Among all these dimensions of brand equity, brand association and perceived quality are the most important when discussing about the influence of counterfeit brands on consumers’ perception of luxury brands. This is because brand loyalty mainly focuses on can someone essay exercising and health existing consumers’ rather than the prospective customers and brand awareness talks about a consumer knowing the brand and pac thesis kingdom, not how they perceive the can someone do my and health brand. 2.2.12 Influence Counterfeits on Luxury Brands. Counterfeiting has a great influence on luxury brands because it is quite sad to invest so much on developing your product just to find out that it has been copied or stolen as the case may be. According to Basheer and Loizides (2014) “Counterfeiters undermine this investment, and as such, the legitimate interests of the brand owner”. In the case where counterfeit brands are being sold like they are original, the brand being copied risks losing its luxury status, and pac thesis, also revenue and write my dream, market share. Consumers might unknowingly purchase a brand thinking they have purchased an original product that would last them for a long while, but unfortunately didn’t meet up to expectation due to lack of cheat, quality as a result of the use of an inferior product in the cause of papers online cheap good, production. Such individual might attribute the lack of quality to the original brand itself leading to the loss of a potential customer (Basheer and Loizides, 2014).
The major targets of kingdom, luxury brand owners are consumers who like to show off their social status as though they are the one who can afford to buy very expensive brands but the existence of counterfeits in the market has change this idea. Consumers who do not have the capital to own genuine brands can now fulfill their desire to have those brands by buying the counterfeit which have made it possible for anybody regardless of the social class to own a luxury brand (Wilcox et. al., 2009; Wiedmann et. al., 2012 in do my and health Cademan et. Kingdom Days Cheat! al., 2012). Literatures have also observed that counterfeits may reduce the Lloyds Đ Integration Essay attractiveness of original luxury branded products and harm the brand in terms of consumer confidence. The nature of a luxury brand is to days be limited in distribution i.e. it is not meant to be found just anywhere but the existence ant counterfeits this is services in uk no longer the kingdom days cheat case as branded product can be found anywhere now a days. For example, markets like the popular Balogun market in Lagos is a typical example of where a lot of how to write a history essay by robert, counterfeit luxury brands are found in almost all stores. Most of the products carry the luxury brand labels on them and are displayed on the floor or in shops. Although, counterfeits could help original brand improve brand awareness because luxury brands are very expensive for majority of customers and just consumed by a small proportion population (Muller Kocher, 2006 in UKessays, 2015). In other words, because of the spread of pac thesis kingdom, counterfeits in in uk undergraduate different place consumers are able t have it in their mind that such brand exist. Pac Thesis Kingdom! For example a consumer is aware of the fact that a Michael Kors brand exist because of the presence of its counterfeit in the market. Counterfeits can help to advertise the luxury brand such that some counterfeit buyers can advance to dissertation undergraduate the original product and kingdom days cheat, others who have never bought counterfeit but has come across the brand as a result of the display of counterfeits become buyers of dissertation services in uk undergraduate, original brands (Raustiala and Spirgman, 2012)
It is evident that the influence could be both positive and negative but mostly more of pac thesis kingdom days cheat, negative. Papers Online Cheap My New Friend! This testifies that counterfeits have impacts on its counterpart which is the original brand. 2.2.13 Strategies to Curb Counterfeiting by Luxury Brand Owners. Luxury brand owners in their own little way can help to stop the spread of kingdom days, counterfeit product from thriving in the market. Banking Group Essay! They suffer so many losses as a result of the sales of lower quality of the original which reduce their profit. The International Trademark Association (ITA) (2015) provides several legal, technological and business steps to prevent counterfeiting.
They include: 1) Original luxury brand owners should ensure that they register their trademarks in countries where they sell, manufacture, and ship or store products. 2) They should also record their trademarks with the national customs where possible. 3) They should monitor and carry out pac thesis days cheat, audits on their company’s supply chains. 4) They should add authentication devices to genuine products. 5) They should set up a corporate brand protection program and of intent, also train employees about days cheat, anti-counterfeiting measures.
6) They should monitor brick-and-mortar and online stores. 7) They should take legal action in buy research papers cheap my new good friend civil court when needed. 8) They should also provide training for local law enforcement personnel on their company’s brand protection program. Assisting and supporting law enforcement in the seizure of counterfeit goods and the arrest and pac thesis kingdom, prosecution of counterfeiters. Brand owners should also work closely with legitimate online and brick-and-mortar retailers to prevent inadvertent sales of counterfeit products.
By taking these actions provided by ITA changes can be made in the market of luxury goods and the value attached to the goods can be protected in and health the extinction of counterfeits. Similarly, Manufacturers and days cheat, wholesalers should make sure that they regularly check the IDs of the companies they do business, and avoid trading with scandalous firms or those that have been known to sell counterfeits (Lewis, 2009). The author further mentioned that manufacturers of luxury brands can also try to inform consumers on do my and health different ways to identify original and pac thesis kingdom cheat, counterfeit goods. 2.2.14 Contribution of Government and get someone write my paper my dream, Agencies to Curb Counterfeiting. The authorities in pac thesis kingdom cheat power such as the government in Lloyds Banking Đ Integration Nigeria have a great role to play in helping the originators of intellectual property save their rights by eliminating the issue of counterfeiting. Government should ensure that they follow the following measures as provided by the International Trademark Association (ITA) (2015) which includes; 1. Governments should ensure that they develop calculation methods that lead to fines against counterfeiters proportionate to pac thesis days cheat the harms caused by them; and impose sanctions, such as contempt of court, for failure of Banking Đ Integration, counterfeiters to pay such fines. 2. Governments should ensure that they establish prohibitory regimes against exports of counterfeits; eliminate bond requirements imposed on trademark owners as a condition to processing counterfeiting cases by customs; and take appropriate steps to reduce or eliminate the burdens on trademark owners of suffering costs of storage and destruction of counterfeit goods. 3. Governments should also ensure that they take appropriate steps to ensure that all counterfeit goods are compulsorily destroyed, definitively removed from pac thesis cheat, channels of commerce, or disposed of with the how to write a history pearce rights holders’ consent where there is no health or safety risk. 4. Pac Thesis Kingdom Cheat! Governments should amend their trademark laws to allow courts to award significant statutory (or “pre-established”) damages against counterfeiters in recognition of my paper place, situations where it is pac thesis kingdom days difficult for the trademark owners to prove their measurable monetary damage.
5. Vs Letter Of Intent! In regions where counterfeiting poses serious challenges, governments should establish specialized intellectual property crimes investigation and prosecution units within their law enforcement and prosecution structures, respectively. 6. Governments should also allocate sufficient resources towards training judges and customs officials, and ensure the submission of litigated trademark cases to judges specializing in or having substantial experience in trademark matters. 7. Governments should revise their rules and kingdom cheat, procedures to provide prompt and papers cheap friend, reasonable access by trademark owners to relevant documents and information gathered by cheat governments on counterfeiters for the trademark owners’ use in conducting private investigations or the filing of complaints to the courts or other government agencies. 8. Governments should not consider administrative enforcement to buy research cheap my new be sufficient to satisfy their obligations under Article 61 of the TRIPS Agreement to provide access to criminal enforcement in counterfeiting cases on a commercial scale, nor should administrative proceedings be considered as a substitute for criminal enforcement of intellectual property rights. 9. In order to ensure that trademark owners have sufficient time to commence a proper action pursuant to a seizure/suspension of clearance by pac thesis cheat customs authorities so that instances of counterfeits being released by the customs authorities can be eliminated, the governments should provide in their laws a time period of at least 20 working days or 31 calendar days, whichever is longer, to trademark owners to how to essay commence such action.
If these measures are being adhered to counterfeiters would not have the kingdom days opportunity to thrive in the market of can someone and health, fashion brands in Nigeria. 2.2.15 Efforts to be taken by pac thesis kingdom Consumers to Curb Counterfeiting. In order to curb the problem of counterfeiting from the consumers side, it is important for undergraduate, consumers to cultivate the habit of pac thesis, resisting the temptation to purchase counterfeits. Although there are some consumers who do not know that they are purchasing a fake product but many consumers who purchase counterfeits know that it is Lloyds Group Đ Integration fake and purchase the product just to feel among or just because it comes cheaper than the original and many more reasons. Lewis (2009)’s response to such consumers is that “these consumers need to be aware that their actions could harm consumers, businesses, and society, and could also encourage organized crime and terrorist activities”. Consumers should also try to know the characteristics of substandard products. Kingdom Cheat! One of which is that they come cheaper than the original brand. For example a Hermes bag that should sell for about 100,000 naira and more is sighted in the market and sold for personal vs letter coaching, as low as 5,000 naira should be suspected to be a counterfeit. Another example could be the material being used, or difference in logo, a slight change in kingdom days cheat the name etc. All these characteristics should be known in order to avoid purchase. Consumers should also avoid purchasing goods from suspicious dealers (Lewis, 2009).
When consumers sight dealers such as the ones that are probably selling branded goods on the road side or when buying from an online platform and coming across an expensive brand that is sold at a very cheap price. Consumers can help by informing the producer or law enforcement of their suspicions (Lewis 2009). Search our thousands of essays: If this essay isn't quite what you're looking for, why not order your own custom Marketing essay, dissertation or piece of coursework that answers your exact question? There are UK writers just like me on a history hand, waiting to help you. Each of days, us is qualified to a high level in Banking Đ Integration our area of expertise, and we can write you a fully researched, fully referenced complete original answer to your essay question. Just complete our simple order form and you could have your customised Marketing work in your email box, in as little as 3 hours. This Marketing essay was submitted to kingdom us by a student in dissertation in uk order to help you with your studies.
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The Auto Bailout and the Rule of Law. W hen President Dwight Eisenhower named Charles Wilson then the president of General Motors to be his secretary of defense in 1953, some senators considering the nomination wondered whether Wilson could distinguish his loyalty to GM from his obligations to the country. Wilson assured them that he could, but then added that he did not think a conflict would ever come up. For years I have thought that what was good for the country was good for General Motors, and vice versa, he said in his confirmation hearing. Wilson's statement especially that vice versa was long considered the epitome of corporatist excess. To many, it represented the view that the government existed to kingdom, advance the interests of large corporations (and, of course, vice versa), even if the arrangement came at the expense of average citizens and workers. In the past three years, however, Wilson's attitude has come back into vogue, as a new approach to Essay, the relationship between the government and the private sector has taken hold in kingdom days, Washington. That approach a kind of state capitalism that seeks to entangle the government and large corporations in dissertation services in uk, order to allow for careful management of the economy is perhaps best embodied in the government bailout and subsequent bankruptcy of Wilson's old company, and of one of its longstanding competitors.
The bailouts of General Motors and Chrysler have been held up by pac thesis kingdom cheat, President Obama and his supporters as a great success story proof that, by working together, government and get someone my paper place, business can save jobs and strengthen the economy. But this popular narrative is dangerously misleading. Far from a success story, the events surrounding the bailouts offer a cautionary tale of executive overreach. And their example clarifies the Obama administration's broader approach to pac thesis kingdom, economic policy an write my paper my dream place approach that is pac thesis kingdom days cheat both harmful to economic growth and how to write by robert, dangerous to pac thesis days cheat, the rule of law. By December 2008, years of decline had finally caught up with Chrysler and dissertation, General Motors. Unlike Ford, which had moved aggressively to fix its longstanding problems chiefly by shedding unprofitable subsidiaries and renegotiating labor agreements GM and Chrysler were still plagued by kingdom cheat, incompetence and get someone my paper, inefficiency.
Both automakers were burdened with labor contracts that undermined their flexibility and saddled them with massive retiree pension and kingdom cheat, health-benefit costs. For years, both companies had also been losing market share: Once-proud GM had lost $40 billion in 2007, and in 2008 alone saw its sales decline by 45%. Chrysler, meanwhile, was languishing under the papers online cheap friend inept management of pac thesis kingdom cheat, Cerberus Capital, which had bought the company in the spring of 2007 from the German automaker Daimler. (Daimler had merged with Chrysler in 1998 only to see its new American acquisition become an unsustainable liability.) By 2008, Chrysler's market share had been declining precipitously for a decade, falling by more than 30% in that year alone. Finally, the onset of the credit crunch and financial crisis in Lloyds Đ Integration, the fall of pac thesis kingdom days cheat, 2008 proved to be the companies' death knell. Write A History Essay? But though their fates seemed to be sealed, both automakers brazenly refused to pac thesis kingdom, make plans for get someone write my paper my dream place, bankruptcy filings. They assumed that the federal government would not allow them to suffer the same fate as most other poorly managed companies in America. So they pleaded for a federal bailout, arguing that Washington's failure to provide one would result in the companies' liquidation in part precisely because the automakers' failure to prepare for bankruptcy filings would end up producing disorderly bankruptcies that, in turn, would make it difficult to keep the companies alive. Pac Thesis Kingdom Days Cheat? And liquidation, they argued, would eliminate thousands of jobs at the companies themselves, not to mention thousands more at suppliers and dealers. It would also destroy the companies' underfunded retiree pension and health benefits and because they were backed by the Pension Benefit Guaranty Corporation, a government agency that guarantees some private pension systems might in buy research papers online my new friend, turn foist those obligations on the taxpayer. With the economy already reeling from the financial crisis, the automakers insisted, the shock of massive auto-industry layoffs would be too much to pac thesis kingdom days cheat, take. On December 11, 2008, the House of Representatives buckled under the get someone my dream automakers' demands, voting (largely along party lines) in kingdom days, favor of a $14 billion bailout.
The next day, however, the Senate voted down the legislation. Dissertation In Uk Undergraduate? A week later, lame-duck President George W. Bush and Treasury Secretary Henry Paulson intervened. Announcing that the administration would offer the automakers loans with terms similar to the ones Congress had voted down, Bush gave GM and Chrysler three months to develop restructuring plans and prove they could become viable companies. Kingdom Cheat? To help the automakers through that phase (and a possible Chapter 11 bankruptcy), the administration extended them $17.4 billion from the Troubled Asset Relief Program, which had originally been set up to buy assets and equities from the financial sector in the wake of the personal statement coaching mortgage crisis. In March 2009, when the lifeline extended by the Bush administration had run out, President Obama stepped in. Cheat? The administration forced out the CEO of Đ Integration, General Motors, Rick Wagoner, and gave Chrysler 30 days to finalize a merger with the Italian automaker Fiat. In exchange, the companies received another (and even larger) round of pac thesis kingdom days, government loans.
In the how to a history end, almost $77 billion in TARP funds was diverted to GM and cheat, Chrysler. But in spite of the generous loans, extensions, and personal vs letter, second chances, the Obama administration finally concluded that the companies' restructuring plans were insufficient. In the spring of 2009, it directed both automakers to proceed into Chapter 11 bankruptcy Chrysler filed on April 30, and GM on June 1. In both cases, bankruptcy involved creating new companies the so-called new Chrysler and new GM in which the federal government would have a significant stake, and to pac thesis kingdom days, which the bulk of the assets of the original companies (including all of their plants, equipment, brands, and papers good, trademarks) would be sold. The original companies, meanwhile, would settle their obligations to creditors and shed those assets that would not be transferred to the new companies. Their shareholders would be all but wiped out. The automakers' house-cleaning didn't take long; within two months of pac thesis cheat, filing, each company had emerged from its bankruptcy. By the summer of 2009, the new General Motors was a somewhat smaller and leaner company, having shed about a third of its American work force.
It was owned jointly by the federal government (which held 60% of the stock), the United Auto Workers union (with 17%), and personal statement, the Canadian government (with 12% ownership). Chrysler, meanwhile, emerged through an alliance with Fiat, under which the new company was owned by days, the United Auto Workers (with a 55% share), Fiat (with 20%), the United States government (with 8%), and Canada (with 2%). (Both GM and Chrysler have significant operations and large work forces in Canada; the Canadian government, facing pressures similar to those exerted on lawmakers in the U.S., also contributed bailout funds about of intent, $800 million for Chrysler and $2.4 billion for GM hence its ownership stakes.) The idea was for kingdom, the companies to go public within a few months, at which point the U.S. government would sell most of its shares. GM did in fact go public in November 2010, raising about $20 billion in the biggest initial public offering in American history. Through the stock sale, the government's share in the company was reduced to about 30%. The new Chrysler has not yet gone public indeed, the company reported a $200 million loss in the last quarter of papers online cheap my new, 2010 but industry analysts believe it will later this year. To the Obama administration, and to many other champions of the auto bailout in Congress and the press, the story outlined here is one of pac thesis kingdom cheat, extraordinary success.
Supporting the American auto industry required tough decisions and shared sacrifices, but it helped save jobs, rescue an industry at the heart of America's manufacturing sector, and make it more competitive for the future, President Obama said when the new General Motors went public last November. Then-speaker of the House Nancy Pelosi echoed his view, arguing: In the midst of in uk undergraduate, a severe recession, congressional Democrats and President Obama took difficult emergency action to rescue American auto companies and pac thesis kingdom cheat, strengthen critical pillars of our manufacturing sector, while protecting taxpayers. Of course, this success narrative is based on a particular reading of the events surrounding the bailout. According to that reading, the Banking Group Essay nature of the '08 financial crisis as well as the economic importance of the auto industry meant that the government simply could not let GM and Chrysler go under. But at least the unprecedented cooperation between the government and the automakers was undertaken in a deliberate, careful way using the government's special authority to contend with the economic crisis in order to guide the companies through an orderly re-organization (rather than the dreaded chaotic collapse). As a result, the companies were saved, and cheat, now they have a chance to thrive again. Unfortunately, every part of this reading of events is wrong. The first premise of the success story narrative is Lloyds Banking Group Essay that, if not for the bailout, General Motors and Chrysler would have been liquidated causing the loss of many thousands of pac thesis kingdom days cheat, jobs at those companies and reverberating throughout the industry at how to by robert pearce the cost of many thousands more. The disappearance of GM in kingdom, particular with its roughly 100,000 American employees and its central place in the chain of suppliers, parts manufacturers, and write my paper place, dealers would have marked the end of the American automobile industry.
If GM were to kingdom, go into a free-fall bankruptcy and Lloyds Group, didn't pay its trade debts, then the entire domestic auto industry shuts down, one industry analyst told Time magazine in November 2008. Just before the pac thesis kingdom days cheat bailouts, reporters heard much the same case made by officials in the Bush administration. But this nightmare scenario was never likely to happen. In the buy research papers my new good friend absence of a bailout, GM and Chrysler would each have been forced to file for bankruptcy like any other company in their circumstances. It is possible that Chrysler would have then faced liquidation (though even this is questionable, given the value of kingdom days cheat, its assets and its brands).
General Motors, however, would almost certainly have been re-organized. In all likelihood, this re-organization would have produced a company more competitive than the one that emerged from the bailout process. Indeed, GM was practically a poster child for Chapter 11 re-organization. Dissertation In Uk Undergraduate? The roots of our approach to such re-organization go back to the 19 th century when creditors of railroads that were unable to meet their debt obligations threatened to tear up the rail companies' tracks, melt them down, and sell the steel as scrap. Innovative judges, lawyers, and businessmen recognized that creditors would collect more over kingdom, time if they all agreed instead to reduce their claims and keep the railroads running, thus allowing the buy research online my new friend companies to produce revenues to pay off their debts. This same logic animates Chapter 11 of the bankruptcy code today.
To understand why GM was an obvious candidate for Chapter 11 re-organization (rather than liquidation), it is important to start with the pac thesis days fundamental issue facing any firm filing for bankruptcy the question of whether it is services economically failed or simply in financial distress. In deciding between the two, one considers whether it would be most efficient to continue to deploy the company's assets its financial, physical, and days cheat, human capital by re-organizing, or instead to liquidate the company and allow those assets to be redeployed elsewhere in the economy. For example, if a typewriter manufacturer were to file for bankruptcy today, it likely would be considered an economically failed enterprise: The market for typewriters is small and shrinking, and exercising, the manufacturer's financial, physical, and human capital would probably be better used elsewhere (perhaps in making computers). A financially distressed enterprise, on the other hand, is kingdom days worth more alive than dead: It may have fallen on papers online friend, hard times the kingdom result of mismanagement or an economic downturn, perhaps but still provides a product or service that is in demand (and so could someday make for a thriving firm). Through the use of can someone do my exercising, Chapter 11, such a company can continue to pac thesis days cheat, operate while re-organizing to get out from under its debts. In recent decades, we have seen this logic at buy research papers cheap work with firms across several industries.
Virtually every major airline has been through bankruptcy at least once, as have K-Mart, Macy's, and a host of other familiar brands that are still very much in business. Others have filed for bankruptcy and disappeared Montgomery Ward, TWA, and Enron, for instance, were found to pac thesis days cheat, be economically failed and so were liquidated. Since the onset of the papers online my new friend Great Recession in 2008, we have seen this process replicated many times: Numerous retailers (like Crabtree Evelyn and the Boscov's department-store chain) have successfully streamlined operations and pac thesis, re-organized under Chapter 11, while other well-known retailers (such as Circuit City and can someone exercising and health, Linens 'n Things) have shuttered their stores. In late 2008, General Motors was a classic case of pac thesis kingdom, a financially distressed rather than an economically failed enterprise. It had a skilled and Banking Group Đ Integration, experienced work force, a stable of longstanding and well-respected brands, and kingdom cheat, an extended system of relationships with suppliers and customers all of which illustrated both its underlying value and papers cheap my new good, potential. Days? But the company also had several major financial liabilities: expensive labor contracts, massive legacy costs for vs letter, pensions and health care, and an outdated and overgrown distribution system of dealerships that needed to be streamlined. A Chapter 11 re-organization would have given GM an opportunity perhaps its only opportunity to cut loose this dead weight. The only obstacle to pac thesis kingdom days cheat, such a restructuring might have been the requirement that a re-organizing company obtain so-called debtor in possession financing loans of funds it can use in the actual process of re-organization, and which receive first priority in repayment. Some have argued that, in light of write my paper place, GM's size and kingdom days, the instability in the credit markets at the time, the personal of intent automaker might not have been able to secure such loans. While this may be true, a reasonable argument could be made that, under those circumstances, it would have been appropriate to use funds from the pac thesis Troubled Asset Relief Program to lend or guarantee debtor-in-possession financing to GM. After all, the purpose of how to a history, TARP was to address liquidity problems in lending markets and to stave off bank runs that might have threatened the cheat stability of solvent institutions.
And any failure by essay, GM to obtain debtor-in-possession financing would have been attributable to such liquidity problems in pac thesis cheat, the lending markets. Using TARP funds for this limited purpose presumably would have required new statutory authorization, but it would have been consistent with TARP's rationale, and would have also provided a limiting principle that would have ruled out the Group heavy-handed intervention eventually pursued by the government. Plus, congressional approval of such a measure probably would have been more forthcoming than approval of a straightforward bailout. Instead, the Bush administration evidently in a state of pac thesis days cheat, panic as the economic crisis continued to mount pursued a far more open-ended use of TARP funds, injecting billions directly into Chrysler and GM. Here we encounter the next premise of the success-story narrative: that, in moving to avert a catastrophe in the auto industry, the president made legitimate use of the emergency authority and resources he was granted by Congress to dissertation in uk undergraduate, address the economic crisis. In truth, however, the use of TARP funds to bail out kingdom days cheat GM and by robert pearce, Chrysler most likely violated the law. Cheat? The Troubled Asset Relief Program authorized the secretary of the Treasury to purchase. troubled assets from any financial institution, on Banking Essay, such terms and conditions as are determined by the Secretary; the law also gave the Treasury secretary power to take such actions as the pac thesis kingdom days Secretary deems necessary to carry out the authorities in personal statement vs letter coaching, the legislation.
As Boston University law professor Gary Lawson noted in the Harvard Journal of Law Public Policy last year, the kingdom boundaries set on the use of these funds were so vague and so loose as to produce something approaching a slush fund for the Treasury. Write My Paper My Dream Place? And yet, loose as it was, the TARP legislation did not permit the pac thesis use of the allotted funds to bail out automakers. The car companies, after all, were not financial institutions. Indeed, when the idea of essay, bailing out Chrysler and GM came up, the congressional leadership decided that such a move would require new legislation, even though voting on a bill would necessarily put every member of Congress in a difficult spot. Supporting it would mean backing yet another bailout when the pac thesis days cheat public was already outraged over TARP and the other lifelines to Wall Street, while voting against the legislation would mean declining to help American autoworkers.
It is unlikely that Congress would have taken up such a difficult measure if the leaders of the House and Senate thought GM and Chrysler could be helped without a new law. When President Bush acted on his own, some opponents of the bailout in Congress raised alarms about the legality of his decision. A group of 26 irate Republican lawmakers sent a sharp letter to the president complaining that Congress never voted for a federal bailout of the automobile industry, and the only way for place, TARP funds to be diverted to domestic automakers is pac thesis cheat with explicit congressional approval. Get Someone My Paper Place? Supporters of the bailout kept mum about the question of legality. For its part, the September 2009 report of the Congressional Oversight Panel of pac thesis kingdom cheat, TARP noted that the question of the basic legality of the auto bailout was one of considerable debate characterized by significant ambiguity in the legislative language and congressional intent. Can Someone Essay Exercising? But the panel cited no specific instance of ambiguity, and it is very hard to see how a bailout of automakers could have been the intent of the kingdom days original TARP legislation let alone to see how the dissertation letter of the law could be read to permit such use of TARP dollars.
Unfortunately, the use of TARP funds to bail out the auto industry was never tested in court. Although a challenge was raised by some of pac thesis cheat, Chrysler's creditors as part of the company's bankruptcy case, the bankruptcy court refused them standing on that issue (arguing that the particular mechanism behind the bailout was not relevant to their claims). Can Someone Do My Exercising And Health? The Supreme Court later held any further challenges to the legality of any aspect of the Chrysler case to days cheat, be moot, without offering specific justifications. The bailouts of GM and Chrysler at the end of 2008 and the extension of those bailouts in the beginning of dissertation services in uk, 2009 were therefore both unnecessary and very likely illegal. But that was hardly the end of the pac thesis kingdom days cheat story. After the bailouts came the arranged bankruptcies. At first, when the government announced that Chrysler and General Motors would be filing for Chapter 11, the news was received with relief by the market, the companies' creditors, and everyone concerned for the rule of law. The mess created by essay exercising, the bailout could finally begin to move from the political arena to the legal arena, and days cheat, so regain some semblance of legitimacy and order.
But it wasn't long before these hopes were dashed by the government's management of the process. Instead of a regular bankruptcy proceeding, the Obama administration, working with the automakers, patched together a process without precedent a bankruptcy combined with a bailout, incorporating the worst elements of both. Of the two proceedings, Chrysler's was clearly the Group Essay more egregious. In the pac thesis days years leading up to can someone do my, the economic crisis, Chrysler had been unable to pac thesis kingdom, acquire routine financing and personal vs letter of intent coaching, so had been forced to turn to kingdom cheat, so-called secured debt in order to fund its operations. Secured debt takes first priority in payment; it is also typically preserved during bankruptcy under what is referred to as the absolute priority rule since the lender of secured debt offers a loan to a troubled borrower only because he is guaranteed first repayment when the loan is up. In the how to write a history essay pearce Chrysler case, however, creditors who held the company's secured bonds were steamrolled into accepting 29 cents on the dollar for their loans. Meanwhile, the pac thesis cheat underfunded pension plans of the United Auto Workers unsecured creditors, but possessed of better political connections received more than 40 cents on the dollar. Moreover, in a typical bankruptcy case in which a secured creditor is not paid in full, he is entitled to a deficiency claim the terms of which keep the bankrupt company liable for a portion of the unpaid debt.
In both the Chrysler and GM bankruptcies, however, no deficiency claims were awarded to the wronged creditors. Were bankruptcy experts to comb through American history, they would be hard-pressed to identify any bankruptcy case with similar terms. To make matters worse, both bankruptcies were orchestrated as so-called section 363 sales. This meant that essentially all the assets of how to a history essay, old Chrysler were sold to new Chrysler (and old GM to pac thesis kingdom days cheat, new GM), and were pushed through in a rush. These sales violated the longstanding bankruptcy principle that an asset sale should not be functionally equivalent to dissertation undergraduate, a plan of re-organization for an entire company what bankruptcy lawyers call a sub rosa plan. The reason is that the days cheat re-organization process offers all creditors the right to vote on the proposed plan as well as a chance to services in uk, offer competing re-organization plans, while an asset sale can be carried out without such a vote. In the cases of GM and Chrysler, however, the government essentially pushed through a re-organization disguised as a sale, and so denied the pac thesis kingdom days cheat creditors their rights. As the University of Pennsylvania's David Skeel observed last year, selling an services in uk entire company of GM or Chrysler's size and complexity in this manner was unprecedented. Pac Thesis Kingdom Days Cheat? Even on a smaller scale, it would have been highly irregular: While rush bankruptcy sales of much smaller companies were once common, the bankruptcy laws were overhauled in 1978 precisely to eliminate this practice.
At first, the fact that the companies' creditors (and especially Chrysler's creditors, who were so badly mistreated) put up with such terms and waived their property rights seems astonishing. But it becomes less so and sheds more light on how this entire process imperils the dissertation undergraduate rule of law when one considers the days enormous leverage the my paper federal government had over cheat, most of buy research papers cheap my new good friend, these creditors. Many of Chrysler's secured-bond holders were large financial institutions several of days, which had previously been saved from failure by TARP. Though there is no explicit evidence that support from TARP funds bought these bond holders' acquiescence in the Chrysler case, their silence in the face of a massive financial haircut is otherwise very difficult to explain. Indeed, those secured-bond holders who were not supported by TARP did not go nearly as quietly.
A group of hedge funds that were among Chrysler's creditors initially objected to the bailout plan that preferred the UAW at their expense. In a now-infamous speech in April 2009, President Obama publicly attacked these investors who were merely standing up for their contract and property rights as profiteers, criticizing them for exercising and health, their unwillingness to make the same sacrifices as other investors (but not, of course, UAW members, who received a windfall). In response to pac thesis kingdom cheat, this public browbeating from the president of the United States, the hedge funds caved and agreed to the terms. In the end, only one group of Chrysler bond holders the Indiana state teacher and police pension funds continued to object. Indeed, they objected at every stage of the Essay process, but the days Supreme Court declined to get someone my paper place, hear their case. General Motors, too, had issued secured debt during its years of financial turmoil, but these bonds made up a far smaller fraction of the company's total outstanding debt. And in striking contrast with the Chrysler case, General Motors's bankruptcy plan left the kingdom days cheat secured creditors intact, paying them the full value of their claims. From the perspective of Lloyds Banking, bankruptcy law and contract rights, this development was encouraging: The Obama administration did not seek to plunder GM's secured creditors as it had Chrysler's. From the pac thesis days perspective of the rule of law, however, this differential treatment might have been even more troubling. On the how to write essay pearce matter of secured-bond holders, the cases of pac thesis days, GM and Chrysler were functionally indistinguishable and write essay by robert, yet GM's secured creditors were treated far better than Chrysler's.
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Every piece of the success story of the auto bailout would thus seem to can someone essay exercising, be in error. The bailout was not absolutely necessary and was pursued by means of dubious legality; the bankruptcies were highly irregular and inefficient; and the companies that have emerged from bankruptcy are far from lean and fit. They are certainly in no position to days cheat, repay taxpayers for the generous loans they were given. But as bad as the facts of the story are, the implications are much worse. Through their actions, both the Bush and Obama administrations have set dangerous precedents and made it much more difficult to Banking Group Essay, reverse the trends of executive overreach and kingdom days cheat, excessive government entanglement with private business. As a matter of policy, the Bush interventions early in write a history by robert, the process were more ad hoc affairs, motivated largely by panic in the midst of the economic crisis. This was particularly true of Treasury Secretary Henry Paulson, whose performance in pac thesis kingdom days, the final months of the Bush administration was disgraceful. Banking Đ Integration? But it is hard to avoid the conclusion that, at its core, the Bush approach was also influenced by the imperious view of executive power that had developed in the course of the war on terror and had been supported by some conservative thinkers for much of Bush's presidency. The notion that the president simply must do whatever he judges necessary in an emergency regardless of whether he has the formal legal authority to kingdom days cheat, do it is among Bush's foremost legacies. The concluding months of write, his presidency should offer a cautionary tale to conservatives inclined to adopt that view of executive power.
The Obama administration's role in this story, however, is far more troubling. One cannot explain away Obama's overreach as a panicked response to an emergency; rather, his actions toward GM and Chrysler were part of a considered, coherent approach to the relationship between government and private industry. And this approach defined by broad government power unchecked by legal constraints and possessing sweeping authority to pick winners and losers has guided the administration's policies well beyond the auto bailout. The aim of kingdom, this approach is to rejuvenate the New Deal vision of the my paper place regulatory state, in which regulators are seen as disinterested experts with the factual knowledge, practical wisdom, and unwavering integrity to manage the economy. They alone are presumed to be capable of steering the nation toward prosperity. It was this approach that clearly animated, for instance, the financial-reform legislation enacted by President Obama and the Democratic Congress last year. Just as the government was seen as having the wisdom to micromanage the restructuring of Chrysler and General Motors, so the new financial-reform law creates a vast web of regulatory bodies and presumes that they will have the know-how to successfully reshape America's entire financial system. The same basic pattern can be seen in several of the pac thesis cheat Obama administration's other legislative achievements from the massive 2009 stimulus package to the health-care reform bill to a host of environmental regulatory initiatives. Taken together, these laws have dramatically worsened the entanglement of government and get someone write my paper my dream, the private sector, and have thereby led to an increase in lobbying activity by special interests seeking government favors or protection.
The financial-reform law, for instance, is pac thesis kingdom littered with special-interest provisions intended to entice major corporations into cheap my new good, supporting the administration's new approach to economic policy. Auto-finance lenders are inexplicably exempted from the jurisdiction of one of the law's new creations, the Consumer Financial Protection Bureau, thereby sparing them (and the influential auto dealers they work with) from the regulatory costs and hassles caused by the CFPB. The nation's biggest banks, too, ultimately came to support the creation of the CFPB, as they recognized that its heavy regulatory burdens would be borne much more easily by pac thesis kingdom days, large institutions which can more readily afford to hire lobbyists and lawyers to help navigate the law's complexities than by their smaller competitors. Other examples abound; among them, the most outrageous is probably the sweeping health-care law enacted last year. The legislation had the support of America's major health insurers likely because the law made them the first suppliers in American history to see the federal government mandate the purchase of their product by every single citizen. The opposition of pharmaceutical manufacturers, too, was significantly dampened; presumably this had something to do with the administration's promises of increased market demand for their products.
Even the American Medical Association which should have been representing the interests of papers cheap my new friend, doctors, who will face enormous difficulties under the law rolled over, partly to obtain a repeal of rules that had limited certain Medicare reimbursements. Again and again, large corporate actors and kingdom cheat, other organizations have been willing to sell some freedom of action in return for a competitive advantage provided by the government. The Obama administration's economic policy, therefore, returns us to the thinking of the 1950s and '60s to an economy in which big business, big labor, and big government are tied together in a relationship of mutual succor and support. The auto bailouts exemplify this new reality. Sold as a means of revitalizing the economy, they are in fact a means of transforming the relationship between the state and the market in a way that empowers large players at the cost of economic growth. The overall effect of such state capitalism is a kind of controlled stasis, in Lloyds Banking Group Essay, which the preservation of old jobs takes priority over the creation of new ones. Managed decline, rather than dynamic growth, is the defining feature of the Obama economy. It is not hard to understand why those who embrace this vision of politics and economics would see the bailouts of Chrysler and General Motors as a great success story.
But their notion of success is pac thesis days cheat a far cry from old-fashioned prosperity. The Obama administration's idea of services undergraduate, what is good for General Motors, much like its idea of what is good for America, is unlikely to be particularly good for either. Todd Zywicki is the George Mason University Foundation Professor at the George Mason University School of Law and a senior scholar at the Mercatus Center.
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Shannon is a zealous bookworm, has her blue belt in Brazilian jiu jitsu, and loves her Blue Heeler mix, Tucker.
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