The following appeared as part of the business plan of an investment and financial consulting firm.
Studies suggest that an average coffee drinkers consumption of coffee increases with age, from age 10 through age 60. Even after age 60, coffee consumption remains high. The average cola drinkers consumption of cola, however, declines with increasing age. Both of these trends have remained stable for the past 40 years. Given that the number of older adults will significantly increase as the population ages over the next 20 years, it follows that the demand for coffee will increase and the demand for cola will decrease during this period. We should, therefore, consider transferring our investments from Cola Loca to Early Bird Coffee.
Discuss how well reasoned... etc.
In this argument a consulting firm recommends the transfer of investments from Cola Loca to Early Bird Coffee because, during the next 20 years, coffee demand will increase while cola demand will decrease. This prediction is based on the expectation that the number of older adults will significantly increase over the next 20 years, together with statistics, reportedly stable for the past 40 years, indicating that coffee consumption increases with age while cola consumption declines with increasing age. For three reasons, this financial advice may not be sound.
First, the argument assumes that relative supply conditions will remain unchanged over the next twenty years. However, the supply and cost of cola and coffee beans, as well as other costs of doing business as a producer of coffee or cola, may fluctuate greatly over a long time period. These factors may affect comparative prices of coffee and cola, which in turn may affect comparative demand and the value of investments in coffee and cola companies. Without considering other factors that contribute to the value of a coffee or cola company, the firm cannot justify its recommendation.
Secondly, the argument fails to account for the timing of the increase in coffee consumption. Perhaps the population will age dramatically during the next five years, then remain relatively flat over the following 15 years. Or perhaps most of the increase in average age will occur toward the end of the 20-year period. An investor has more opportunity to profit over the short and long term in the first scenario than in the second, assuming the investor can switch investments along the way. If the second scenario reflects the facts, the firms recommendation would be ill-founded.
Finally, the firm unjustifiably relies on the studies that correlate coffee and cola consumption with age. The firm does not provide evidence to confirm the reliability of the studies. Moreover, while the phrase studies suggest may appear to lend credibility to these claims, the phrase is vague enough to actually render the claims worthless, in the absence of any information about them.
In conclusion, the firm should not transfer investments from Cola Loca to Early Bird Coffee on the basis of this argument. To better evaluate the recommendation, we would need more information about the study upon which it relies. We would also need more detailed projections of population trends during the next 20 years.
中考英语作文 My Chinese Teacher
英语作文:关于国庆节的英语作文
2014北京中考分数线公布 统招本周四开始录取
2014北京中招加分造假将不予录取
2014海淀前六校名额分配预估分数线预测
2014年朝阳中考成绩排名 官方分段统计
2014北京西城区十四中中考分数线
中考英语满分作文Beliefs
2014北京海淀区中考名额分配录取线
北京2015年中考招生工作意见:命题难度降低
2014年房山中考成绩排名 官方分段统计
2014年顺义中考成绩排名 官方分段统计
2015年北京中考考试说明发布:英语减400单词短语!
2014北京中考近9万考生17.7%有加分
英语作文:遭遇非典型肺炎-MeetingwithSARS
北京普通校初中生升入优质高中机会明显增加
2014年北京中考状元喜报
《英语作文-The Best Kind of Love》
中考英语作文 Should Euthanasia Be Legalized?
中考英语作文开头方式
2014广州中考补录16日开始 非户籍生补录优势更大
2006中考英语作文-命题作文指导
中考英语作文My Views on Examinations
武汉今年84%中考上线生可就读优质高中
中考英语满分作文My Home Town我的家乡
中考英语满分作文欣赏
2014年海淀十一所示范高中录取分数线预测(最新)
中考英语满分作文My Classmate
2014北京中考各区录取分数线预测
2014年北京中考平均成绩提高22.7分
| 不限 |
| 英语教案 |
| 英语课件 |
| 英语试题 |
| 不限 |
| 不限 |
| 上册 |
| 下册 |
| 不限 |