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Wiki Wiki Summary
Demand In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time. The relationship between price and quantity demand is also called the demand curve.
Law of demand In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. In other words, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded will decrease (↓); conversely, as the price of a good decreases (↓), quantity demanded will increase (↑)".
Monopolistic competition Monopolistic competition is a type of imperfect competition such that there are many producers competing against each other, but selling products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.
Competitive landscape Competitive landscape is a business analysis method that identifies direct or indirect competitors to help comprehend their mission, vision, core values, niche market, strengths, and weaknesses. Based on the volatile nature of the business world, where companies represent a competition to others, this analysis helps to establish a new mind-set which facilitates the creation of strategic competitiveness.Due to the hypercompetition of the environment, the traditional sources of getting competitive advantage does not represent any more an effective strategy, as a result of the emergence of a global economy and technology.
Disruptive innovation In business theory, disruptive innovation is innovation that creates a new market and value network or enters at the bottom of an existing market and eventually displaces established market-leading firms, products, and alliances. The concept was developed by the American academic Clayton Christensen and his collaborators beginning in 1995, and has been called the most influential business idea of the early 21st century.
Profitability analysis In cost accounting, profitability analysis is an analysis of the profitability of an organisation's output. Output of an organisation can be grouped into products, customers, locations, channels and/or transactions.
Customer profitability Customer profitability (CP) is the profit the firm makes from serving a customer or customer group over a specified period of time, specifically the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person, household or a company that overtime, yields a revenue stream that exceeds by an acceptable amount the company's cost stream of attracting, selling and servicing the customer."\nCalculating customer profit is an important step in understanding which customer relationships are better than others.
SAP ERP SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006.
Porter's five forces analysis Porter's Five Forces Framework is a method of analysing the operating environment of a competition of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability.
Return on equity The return on equity (ROE) is a measure of the profitability of a business in relation to the equity. Because shareholder's equity can be calculated by taking all assets and subtracting all liabilities, ROE can also be thought of as a return on assets minus liabilities.
Impacted wisdom teeth Impacted wisdom teeth is a condition where the third molars (wisdom teeth) are prevented from erupting into the mouth. This can be caused by a physical barrier, such as other teeth, or when the tooth is angled away from a vertical position.
Earwax Earwax, also known by the medical term cerumen, is a brown, orange, red, yellowish or gray waxy substance secreted in the ear canal of humans and other mammals. It protects the skin of the human ear canal, assists in cleaning and lubrication, and provides protection against bacteria, fungi, and water.Earwax consists of dead skin cells, hair, and the secretions of cerumen by the ceruminous and sebaceous glands of the outer ear canal.
Marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasize in advertising; operation of advertising campaigns; attendance at trade shows and public events; design of products and packaging attractive to buyers; defining the terms of sale, such as price, discounts, warranty, and return policy; product placement in media or with people believed to influence the buying habits of others; agreements with retailers, wholesale distributors, or resellers; and attempts to create awareness of, loyalty to, and positive feelings about a brand. Marketing is typically done by the seller, typically a retailer or manufacturer.
Particularly serious crime Particularly serious crime in the Immigration and Nationality Act (INA) of the United States is a predecessor of the current aggravated felony. The term "particularly serious crime" was coined for the first time when the U.S. Congress enacted the Refugee Act in 1980.The term "particularly serious crime" was created in 1980 during the enactment of Refugee Act.Aliens who have been convicted of particularly serious crimes (and found by the U.S. Attorney General to be dangers to the community of the United States) are statutorily precluded from receiving asylum or a grant of withholding of removal under 8 U.S.C. § 1231(b)(3)(B).
Ghetto (Denmark) "Particularly vulnerable public housing area" (Danish: Særligt udsat alment boligområde) is an official term for district in Denmark which according to the government has social problems, and usually has a majority population of "non-Western" ethnicities. Such areas are often referred to in Danish as "ghettos", and an annual "ghetto list" (ghettolisten) has been published by the Danish Ministry of Transport, Building and Housing since 2010.Since 2021 the word "ghetto" has no longer been used by the government for these public housing areas.
United Nations Convention to Combat Desertification The United Nations Convention to Combat Desertification in Those Countries Experiencing Serious Drought and/or Desertification, Particularly in Africa (UNCCD) is a Convention to combat desertification and mitigate the effects of drought through national action programs that incorporate long-term strategies supported by international cooperation and partnership arrangements.\nThe Convention, the only convention stemming from a direct recommendation of the Rio Conference's Agenda 21, was adopted in Paris, France, on 17 June 1994 and entered into force in December 1996.
Particularly vulnerable tribal group Particularly vulnerable tribal group (PVTG) (earlier: Primitive tribal group) is a government of India classification created with the purpose of enabling improvement in the conditions of certain communities with particularly low development indices.\n\n\n== Origin of the concept ==\nThe Dhebar Commission (1960-1961) stated that within Scheduled Tribes there existed an inequality in the rate of development.
Benzoylecgonine Benzoylecgonine is the main metabolite of cocaine, formed by the liver and excreted in the urine. It is the compound tested for in most cocaine urine drug screens.
Governmental accounting Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures.\nVarious governmental accounting systems are used by various public sector entities.
List of non-governmental organisations in India This is a list of notable charitable projects and non-governmental organisations (NGOs) working in India or connected with Indian diaspora.\n\n\n== EDASHA FOUNDATION is a non govt company registered on 21 april 2022 under company act 2013 working towards imparting education to underprivileged children . ==
Federal government of the United States The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where the entire federal government is based), five major self-governing territories and several island possessions. The federal government is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively.
Government of Canada The government of Canada (French: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the Crown-in-Council; the legislature, as the Crown-in-Parliament; and the courts, as the Crown-on-the-Bench.
Marginal cost In economics, the marginal cost is the change in the total cost that arises when the quantity produced is incremented, the cost of producing additional quantity. In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount.
Gotham Knights (TV series) Gotham Knights is an upcoming American superhero television series created by James Stoteraux, Natalie Abrams, and Chad Fiveash for The CW. It centers on members of the Batman family, and other DC Comics supporting characters. It is unrelated to the former comic book series Batman: Gotham Knights.
Thanksgiving Thanksgiving is a national holiday celebrated on various dates in the United States, Canada, Grenada, Saint Lucia, and Liberia. It began as a day of giving thanks for the blessing of the harvest and of the preceding year.
Given name A given name (also known as a forename or first name) is the part of a personal name that identifies a person, potentially with a middle name as well, and differentiates that person from the other members of a group (typically a family or clan) who have a common surname. The term given name refers to a name usually bestowed at or close to the time of birth, usually by the parents of the newborn.
Perfect competition In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In theoretical models where conditions of perfect competition hold, it has been demonstrated that a market will reach an equilibrium in which the quantity supplied for every product or service, including labor, equals the quantity demanded at the current price.
Competition (economics) In economics, competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products.
Manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy.
Design for manufacturability Design for manufacturability (also sometimes known as design for manufacturing or DFM) is the general engineering practice of designing products in such a way that they are easy to manufacture. The concept exists in almost all engineering disciplines, but the implementation differs widely depending on the manufacturing technology.
Das Kapital, Volume I Capital. A Critique of Political Economy.
Venture capital Venture capital (VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake.
List of film production companies This is a list of film production and distribution companies. A production company may specialize in producing their in-house films or own subsidiary development companies.
Formula One regulations The numerous Formula One regulations, made and enforced by the FIA and later the FISA, have changed dramatically since the first Formula One World Championship in 1950. This article covers the current state of F1 technical and sporting regulations, as well as the history of the technical regulations since 1950.
Regulation (European Union) A regulation is a legal act of the European Union that becomes immediately enforceable as law in all member states simultaneously. Regulations can be distinguished from directives which, at least in principle, need to be transposed into national law.
Hedge fund A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and others who are considered sufficiently sophisticated.
Mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital') and open-ended investment company (OEIC) in the UK.\nMutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds.
Crowdfunding Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, in modern times typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance.
Legislation A legislature is an assembly with the authority to make laws for a political entity such as a country or city. They are often contrasted with the executive and judicial powers of government.
Risk Factors
PACTIV CORP Item 1A Risk Factors
4 ITEM 1A RISK FACTORS General economic conditions affect demand for our products and impact our production and selling costs
Listed below are some of the factors that may impact our results and cause our performance to differ materially from the results we may project
These are in addition to general economic factors and other items discussed elsewhere in this report (for example, in the Managementapstas Discussion and Analysis of Financial Condition and Results of Operations)
4 PRODUCT CHANGES AND INNOVATION We operate in a very competitive environment
Historically, product innovation and development have been key to our obtaining and maintaining market share and margins
Our future sales and profitability are partially impacted by our ability to anticipate and react more effectively than our competitors to changes in consumer demand for the types of products we sell
This requires understanding customer desires, creating products that meet those desires, and producing and selling products in a cost effective manner
CHANGES IN CUSTOMERS We must address the demands of both the consumers who ultimately purchase and use our products, and the retailers and others who sell our products to the end-users
This is necessary for both of our segments, but it is particularly important in our Consumer Products segment
Our sales and margins can be impacted by changes in our distribution channels, customer mix, and merchandising strategies
Examples include customer concentration, consolidation, and substitution of unbranded products for branded products
Although we have a diverse customer base, we have several large customers
These larger customers provide us with cost saving opportunities that may not be available with smaller, more diverse accounts
However, large customers can take actions that put pressure on our margins
Moreover, a significant downturn in the financial condition of one or more large customers could have an adverse effect on our business results
Plastic-resin prices are impacted by the price of oil and natural gas, which can be volatile and affected by many factors, including overall economic activity, geopolitical situations (particularly in oil-exporting regions), natural disasters, and governmental policies and regulation
As an example, in late 2005, an industry-wide supply disruption of resin supplies occurred due to the Gulf Coast hurricanes
Our margins can be negatively impacted by the difference in timing of raw material cost increases and corresponding product selling price increases
Similarly, changes in costs of labor, utilities, or transportation can affect our margins
LAWS RELATING TO USE OR MANUFACTURE OF PLASTIC PRODUCTS Changes in laws or governmental actions regarding the use of disposable plastic products, such as laws relating to recycling or re-use of plastic products, could add costs to our products
These additional costs could make our products less competitive with products made from other materials
Similarly, changes in laws regarding air emissions could increase our manufacturing costs
GROWTH/ACQUISITIONS AND DIVESTITURES Growth, internally or through acquisitions, is an important element of our business strategy
We currently have adequate sources of liquidity for our operations
However, our ability to grow could be impacted if our cost of capital increases or if capital becomes more difficult to obtain
Our success will depend somewhat on our ability to integrate new businesses that we may acquire; dispose of businesses or business segments that we may wish to divest; and re-deploy proceeds from any divestiture
INTERNATIONAL ISSUES Currently most of our production and sales are in the United States
Competition from products manufactured in countries that have lower labor and other costs than the US could negatively impact our profitability
Additionally, if we manufacture or sell more of our products in countries outside of the US, 5 we will be subject to additional risks, such as those related to economic, political, competitive, and foreign currency considerations in those other countries
PENSION PLAN At the time of our spin-off from Tenneco in 1999, we became the sponsor of the Tenneco (now Pactiv) pension plans
These plans cover individuals/beneficiaries from many companies previously owned by Tenneco, but not owned by Pactiv
As a result, the total number of individuals/beneficiaries covered by these plans is much larger than would have been the case if only Pactiv personnel were participants
For this reason, the impact of the pension plans on our net income and shareholders &apos equity is greater than is typically found at similarly sized companies
Changes in the following factors can have a disproportionate effect on our results compared with similarly sized companies, or companies with no pension plan: - Assumptions regarding the long-term rate of return on pension assets and other factors - Interest rate used to discount projected benefit obligations - Level of amortization of actuarial gains and losses - Governmental regulations relating to funding of retirement plans in the US and foreign countries Under US pension plan funding regulations in effect at December 31, 2005, and based on long-term projections, we do not expect to be required to contribute cash to our US qualified pension plan through at least 2014
Currently both houses of the US Congress have drafted legislation that could change US funding regulations
We have reviewed the proposed legislation and do not believe it will significantly impact us
However, future funding of our plan will depend on the actual changes, if any, in current regulations that are enacted