Oligopoly Structure Of Markets Beneficial To The Consumer

Oligopoly Structure Of Markets Beneficial To The Consumer (Tutor2U, 2007)An oligopoly market is a market structure which shares a large percentage of the market by a few firms. It results in a high degree of market concentration. An important characteristic of an oligopoly is interdependence between firms. Being interdependence means that each firm must be careful of the likely reaction of other firms in the market when making pricing and investment decision (Tutor2U, 2007). In addition, oligopoly market is barriers to entry and non price competition. It means by increasing market share without changing price, which can take the form of persuasive advertising, quality of service, loyalty schemes, free gift and packaging (The student room, 2005). According to the characteristic of oligopoly above, this is shown in the UK supermarket industry, as the diagram shown (Tutor2U, 2007); there are three main supermarkets which are Tesco, Sainsburys and Asda. The main supermarkets are now having more than three quarters which is 72% of the grocery ma rket. For the purpose of this essay, it will be a discussion about the market structure of the UK supermarket whether it provides some significant benefits for consumers. There are only few supermarkets with similar products in oligopoly market. Because most food manufacture will supply to the entire supermarket, such as Kelloggs and Heinz (Just food 2010). The supermarket produces its own generic or own-label goods for some products. They have produced their own-label product ranges from food to some basic cares. For example, Tesco planed to extend its Finest to include a range of homecare. Own-label sales generate 38% of Sainsburys total revenue, with its Taste The Difference premium range estimated to contribute between à ¯Ã‚ ¿Ã‚ ¡200m and à ¯Ã‚ ¿Ã‚ ¡300m. However, many of these generic products are made at the same factory, and are simply labelled differently for the different stores, so this is a false differentiation of products. This means that all of the products available for sale in the different supermarkets are the same, which is one of the features of an oligopoly (Tutor2U, 2007). Therefore, consumers do not have any choices because the re are only few big supermarkets in the market, which are selling the same product with different package. It is a negative side for consumers. In addition, the firms charge the same price in an oligopoly (PEOI, 2000). However, the UK supermarket suppliers have the same products are supplied to the firms. Therefore, the cost of all the supermarkets will be the same as each other. For example, the Cravendale Fresh Filtered Semi Skimmed Milk was priced as à ¯Ã‚ ¿Ã‚ ¡1.05 in Sainsburys. However, Asda sold it as 86p (Mysupermarket Insights, 2000). All in all, this theory of oligopoly of supermarket structure can provide some benefits to consumers as they can have a more valuable price by comparing different price of the main supermarkets. However, the products which sole in the supermarkets are all very similar price. Firms compete on price in an oligopoly market. Therefore, they can become a price maker and making higher profit. This feature can result in the price wars where one supermarket has price cuts in its goods and other firm will follow this situation (Wisegeek, 2003). For instance, Morrisons has fallen to 57p/kg and 59p/kg of bananas. After Morrisons promotion, Tesco has also made some price cuts, worth à ¯Ã‚ ¿Ã‚ ¡1.2bn. Lastly, Asde sells two million kilograms of bananas a week by charging 46p/kg, which is the lowest price in 14 years (Mailonline, 2000). The price competition can be shown in the Kinked Demand Curve (Economics help, 2003). If the price raise from (Economics help, 2003)P1 to P, then firms will lose a large share of the market because they become uncompetitive. If firms cut the price down, firms can gain a larger market share. However, other firms will cut price too. Therefore demand is inelastic for a price cut. In a price war, Tesco had a price cut which was between 3% and 25% discount promotion. This could result in increasing 12% market share in eight weeks. Therefore, consumers can cost less by having this price competition as there are many different promotion and price war which should provide benefit to consumers. Moreover, supermarkets need to compete other ways besides price. It means supermarkets should increase market share without changing prices. This can be shown in persuasive advertising, quality of service, loyalty schemes, free gifts, packaging and temporary price reductions, which are required to attract consumers (The student room, 2005). Therefore, these factors are aimed to bind consumers to particular supermarkets for reasons other than price. Firstly, according to research data from Nielsen media Research, Sainsburys spent some à ¯Ã‚ ¿Ã‚ ¡9.97m compared to Tesco which spent à ¯Ã‚ ¿Ã‚ ¡7,3m. However, with Asda spending some à ¯Ã‚ ¿Ã‚ ¡4.23m, the two giants of the UK supermarkets still highly cost in advertising (CBI Interactive Inc, 2000). The more advertising is shown to consumers, the more possibility to attract and give information to the consumers. Secondly, research by Baruch Colleges business school in the US has found that, western consumers are more prefer to gifts th at reword loyalty and patronage than pure luck or blanket rewards. So, consumers may feel happy to spend money by getting discount. Also, the bigger the discount of the loyalty card, the better attractive of consumers. Consequently, as there are also some other factors that can influence consumers in an oligopoly market. It means consumers can gain different benefits from this non-price competition between firms. Consequently, although consumers do not have many choices as there are only few big supermarkets, and prices are identical in some ways, consumers still can have benefit which is provided by oligopoly market. As consumers can have lower price product by the price competition. In addition, the interdependent firms compete in other ways, for example, discounting, advertising, and quality of service, which are give consumers a more valuable consideration. In this case, the oligopoly market structure creates a situation that is beneficial to the consumers.

The Outcast in Mark Twains The Adventures of Huckleberry Finn Essay

Life as an Outcast in Huckleberry Finn One of the themes that has been addressed by writers since the beginning of civilization is the issue of the split between living in society and living by oneself. We see this in that peculiarly American genre of books known as "road books", in which the protagonist embarks upon a long journey or period of time away from society in order to "find themselves." One of the quintessential examples of this type of book is Mark Twain's novel The Adventures of Huckleberry Finn, technically a "river book" rather than a "road book". In it, as in many "road books" before and since, spending a long period of time away from society allows the protagonist to see the difference between the rules of mainstream society and the freedom of the wilderness. Through his journey, Twain illustrates the futility of living within society as contrasted to the freedom of being an outcast. It is interesting that Huck's morals are much stronger when he is on the river than on the shore. Huck's "attacks of conscience" only occur on the river. For ex...

Davidoff Cool Water Marketing Assignment

1.1 Current ProductDavidoff Cool Water 100ml is iconic silver and blue bottle with the soft figure of a feminine body and it flawlessly seizes the essence of natural beauty and the freshness of Cool Water, which is very suitable for the sensual woman. This exhilarating cologne perfectly combines the moist fragrances of citrus, pineapple and blackcurrant with the refreshing odor of ocean air. The benefits of the perfume is it can last for the whole day when applied on the skin during the morning and it is free from chemicals so the perfume can be worn securely. It is also very suitable to wear the fragrance to the office for a sensation of self-confidence or for cheerful enjoyment during stress-free weekends at home. When buyers purchase the product online, some websites offer free shipping’s and discount if consumers buy from their online shop.If purchasers buy at the retail shops, they usually receive some free perfume samples of other kinds of Davidoff cologne. Davidoff†™s company is now producing not only perfumes but also body lotions; deodorants, body sprays, shower gels and they also introduce perfumes not just for women but also for men. Women usually use the product because this Davidoff Cool Water 100ml is specially formulated for women only so most  female buyers usually buy this product to satisfy their needs. Buyers usually do research before obtaining this product by looking up on the internet or get reviews from people who have used this product previously, they would spend quite a long time looking for the product.There are two substitutes products, Davidoff sensual essence and sea rose Cool Water which is also for women, they would accept the product since most of the elements used in the fragrances are not much different. The first aroma was launched in 1984, the brand has become one of the most widespread perfume brands and it has been a worldwide bestseller for over 20 years. Cool Water is different from others because wearers usually explain that these faience’s make them feel like they have just marched out of an exhilarating bath or aroused from a long swim in the ocean. Cool Water derives in a rectangular semi metallic blue tall box and for label Davidoff is above the scent title: Cool Water.1.2 Current PricingDavidoff Cool Water is in a competitive market situation and the product is also a value determiner because many customers and retailers offer a wide variety of prices. Suppliers distinguish their proposals because there are many online shops proposing at different prices and many retail shops selling at extraordinary amounts to gain consumers attention. When consumers buy more or less of a Davidoff Cool Water, if the price increases then the quantity decreases a large number and vice versa. A rise or fall in price will not drastically affect the increase in price of demand and then the quantity reduces down slightly and vice versa.Business costs play a very vital role in defining the pri ce because they have to validate that they are making sure that they are giving the consumer the best price for them to be able to cover their production cost and make some profit out of it, so that they would be able to produce more products without facing any problems like shortage of money to manufacture more perfumes or other products. The current price is usually about the same as the competitors by setting the price not lower or higher than their opponents offer price so that the consumers would see the less difference in price and purchase from the shop that they would like it buy from. Some consumers purchase the product based on the pricing and some based on the product image, features and quality.The behaviors of consumers are based on many different purposes such as individual, emotional, communal and situational and when they purchase more often they become loyal customers. Most of the female consumers do not really care about the price of the product but what they mainl y focus on is the luxury brand that will offer more individuality, rank and hedonic value than non-luxury trademarks so those types of buyers are willing to pay at any amount to get the product that they want. On the other hand, there are some people who will only buy the creation if the product has high quality, unique features and presentable image because those types of consumers believe that the price that they pay should be worth giving for it.1.3 Current DistributionShoppers cannot purchase the produce straightforwardly from the industry that create it because on their official website they do not sell products but they only distribute their products to stores located in many different countries and cities which allows the buyers to have more chances of buying their product from stores near their places. In Singapore, Consumers can purchase this produce at Isetan, Tang plaza, Metro Paragon and Takashimaya shopping malls that are all located at Orchard Road. Isetan has many bra nches in Singapore but only Isetan Orchard sell Davidoff Cool Water.Isetan is located at 435 Orchard Road, Wisma Atria, and Singapore 238877. Customers can travel there by bus, train or car since it is situated in the center of the city, buyers can go there conveniently. The shopping mall is one of the most popular in the city-state because of its massive varieties, reasonable prices and good services. Within Wisma Atria, the store carries many types of popular brands like Calvin Klein, , Polo, BVLGARI,DKNY and many more which attracts the customers to visit their mall.Tang plaza is also located at Orchard road, which is not very far away from Isetan; just about 3 minutes drive from Isetan. Tang is famous not just because of their wide array of shopping objects for home but their innovative window displays. It also has many different types of stylish goods and services. The department store also provides a huge number of apparels for both men and women. Tangs plaza is very appropria te for everyone in the household and with the extensive operating hours until 11pm on Fridays and Saturday, where  all consumers can shop for longer hours. Characteristics of product that influence its distribution include distributors, wholesaler, jobbers and brokers. The main reason is for all socials to defend their own best benefits in the channel.The main factor when it comes to impelling its distribution is the way the product is gained by shoppers. For instance, perfume buyers usually want to try and know the odor of fragrance first before purchasing them, which means distribution is going to have to involve perfume testers for them to analyze it before buying the product. Many products are best retailed with the help of a live demo, so the distribution strategy will have to include some ways of conducting these demonstrations.1.4 Current PromotionTakashimaya is having a promotion for this August for National Day, which includes the store that sells Davidoff Cool Water. It is 20% off for any purchase of any items in the store so, which is a great bargain for all the shoppers in the country. Another recent promotions is the website www.singaporebestsite.com is having a series promotion which worth S$98 but they offer S$49 only if the product is redeem between August and September 2013. The product must purchase online in between the redemption period and send their product at via registered mail after a few weeks by giving them a call or dropping an email. These promotions advertisement are all over the Internet and also in some of the newspapers and magazine where people can easily find out about their special offers.Both promotions are sending the same message to consumers by letting them know that they are offering the best price for them and the difference between these two promotions would be that the consumers have to travel to Takashimaya to buy the product while the other one offers home delivery without having the buyers to travel to their pla ce. However, both promotions are both advertising through newspapers and magazine based on the massive audience coverage and high production quality. They also advertise by digital marketing because it is directed to a particular target market and also clear positioning. The current theme of the promotion is to make sure that their product fits in with a lifestyle and showing the consumers that whether it constructs an atmosphere or aura around the produce such as attraction, affection or  tranquility and that their product is for everyone all over the world.The business is trying to get as much as attention from the consumers so that they would buy more of their product in the future when there is no promotion period. By also giving them a piece of mind about how good their product is compare with other goods at a lower price. The sales are mainly for women because women tend to get attach with the product they like more than men. There are push and pull strategies in the busines s world, the push method is to go after the negotiators who push the regulars by offering bonuses and the pull approach is to emphasize communication on end consumer so they demand the product from the intermediary. 2.1 Definition of the brand positioningPositioning owns a part of consumer’s awareness and it is not what you organize to the product, it is what you perform to the mind of the viewpoint. Brand positioning is to position a product/service in the minds of shoppers compare to their challengers. It is one of the most significant steps any business can take on the road to the accomplishment. For small businesses, their motivation for the effort itself is usually little because they would rather be managing to the hundreds of other duties asking for their attention. It also brings to light the capability of the goods or services by showing the alternative paths and also reveal new opportunities.Brand positioning distinctly defines the crucial things such as regulating originality by making sure the product is more unique than other products, determining the unique position in the indicated market, classifying competitors because strong and fierce competitors have esteemed power and defining the necessary financial plan to enter the market because it is favorably suggested to pair up with a brand professional or graphic designer who truly comprehends labeling.2.2 Brand positioning in relation to the brand/productCapabilities of the brand are that the brand is very different from others based on the smell, price, packaging and labeling. It is very well performs by helping the users to last the scent for whole long day, the quality of the fragrance is very high because it was first introduced in the year 1988,  which is almost 25 years since it was released so it already gained consumers attentions since then so the performance standards of this product is high. The customers like the product due to the fact that it gives you the feeling of cool w ater when they apply on their skin, which helps them to be free from stress and for relaxation. Davidoff products are one of the top brands in the world so when people uses this product they feel proud and have more confident in the crowd so the customers purchase this product to stand out in the crowd. Customers want them to be seen as people who are rich enough to spend their money to buy the branded products and give others a message that they are rich.3.1 Geographic SegmentationSingapore has a climate, which is categorized by constant temperature and pressure of high humidity and plentiful rainfall. In single month rain is experienced but there is no wet or dry season and the weather is always sunny. Due to the hot climate, people residing in Singapore need perfume that will help them cool down and also refresh them and Davidoff Cool Water can help them by giving them a good start by applying it on the skin in the morning when they go out. Singapore’s population was appro ximately around 5,312.4 thousands in 2012 where there are more female residents than men. It is an obvious statement that women go shopping than men so which means the product is suitable for people living in this country. Singapore is also considered as one of the most developing countries in Asia, so most of the people inhabiting in this country can easily afford to buy a bottle of perfume at a reasonable price.3.2 Demographic SegmentationIn the year 2012, The percentage of working adults in Singapore are 50%, which means those people can make more income then teenagers and senior citizens and when it comes to Literacy and education, the percentage of university graduates is 45.9% in 2011 and the total employment in December 2012 is 3,357.6 thousands. Each and every working adults are almost earning average household yearly income of approximately about S$9,618, which is a  huge amount of income compared with people working in other countries like Myanmar, Thailand and Cambodia and so on.People working in Singapore are very serious and particular about their work so they are very keen to earn money and that is why their country is developing more and more. In Singapore, not just Singaporeans reside in this country but also other ethnic groups also reside in the country such a Chinese, Malays, Indians are others including people from western countries like America, Russia, Switzerland and many more but the majority are the Chinese people so with the amount of money that working adults earned each year they can buy Davidoff Cool Water undoubtedly.3.3 Psychographic SegmentationThe routine, daily behaviors, relevance and ideas on various matters create the characteristic of each group. Lifestyle of people in Singapore are mostly stressed out depending on what age they are. For example, teenagers are worried about with their schoolwork while working adults are strained about their job and the senior citizens are agitated with the living cost in Singapore. In or der for them to cool down and refresh their min Davidoff Cool Water would be very suitable for them.There are altogether 10 segments in Ryan Morgan Values Segment. Basic Needs, Real Conservatism, Traditional Family Life, Conventional Family Life, Young Optimism and Socially Aware represents customers’ price opportunities, desirability to origination and perceived permissiveness. VALS classification states that trendsetters have high assets and high invention while survivors have low supplies and invention. The primary motivations include Ideals such as intellectuals and supporters, Achievement such as highfliers and seekers and Self-Expression such as experiencers and creators.3.4 Behavioral SegmentationBased on newspapers and magazine, people living in Singapore could afford to spend enough amount of money to purchase one or even more bottles of Davidoff Cool Water with their income. The benefits that customers usually expect are the odor of the smell, quality, brand and pri ce of the product.Majority of the woman prefers the good smell of the perfume so that they could feel confident in the crowd after wearing it. When it comes to loyalty people in Singapore are believers they are mostly family and community oriented people who also makes them loyal to their brand so after they started using the fragrance and if they like it, they become loyal to the product. People residing in Singapore not just in the country but also for everyone, price is very sensitive to them, they will search for the stores that offer the lowest price of the product that they would like to purchase so they usually buy products during the period of promotions and sales.

Find a Reactions Final Temperature With Specific Heat

Find a Reaction's Final Temperature With Specific Heat This example problem demonstrates how to calculate the final temperature of a substance when given the amount of energy used, the mass and initial temperature. Problem 300 grams of ethanol at 10  °C is heated with 14640 Joules of energy. What is the final temperature of the ethanol? Useful Information: The specific heat of ethanol is 2.44 J/g ·Ã‚ °C. Solution Use the formula q mcΔT Where q Heat Energym Massc Specific HeatΔT Change in temperature. 14640 J (300 g)(2.44 J/g ·Ã‚ °C)ΔT Solve for ΔT: ΔT 14640 J/(300 g)(2.44 J/g ·Ã‚ °C)ΔT 20  °CΔT Tfinal - TinitialTfinal Tinital ΔTTfinal 10  °C 20  °CTfinal 30  °C Answer:  The final temperature of the ethanol is 30  °C. Final Temperature After Mixing When you mix together two substances with different initial temperatures, the same principles apply. If the materials dont chemically react, all you need to do to find the final temperature is to assume that both substances will eventually reach the same temperature. Problem Find the final temperature when 10.0 grams of aluminum at 130.0  °C mixes with 200.0 grams of water at 25  °C. Assume no water is lost as water vapor. Solution Again, you use q mcΔT, except you assume qaluminum qwater and solve for T, which is the final temperature. You need to look up the specific heat values (c) for aluminum and water. This solution uses 0.901 for aluminum and 4.18 for water: (10)(130 - T)(0.901) (200.0)(T - 25)(4.18)T 26.12  °C

Mandatory Reporting Is a Legal Requirement Essay Example

Mandatory Reporting Is a Legal Requirement Essay Example Mandatory Reporting Is a Legal Requirement Essay Mandatory Reporting Is a Legal Requirement Essay Mandatory reporting is a legal requirement, in state statute or regulation, for nurses to report an occurrence or individual, including another nurse, when the public is at risk. Mandatory reporting is enacted when the interest of public protection requires state-enforced regulation. This article offers guidance to help nurses better understand their roles and responsibilities in mandatory reporting. What Is Mandatory to Report? In addition to reporting of nurses by other nurses, states seek to protect at-risk individuals by requiring health professionals to divulge suspicions about behaviors such as abuse and neglect. There is a wide range of interpretation from state to state as to how vulnerable situations are identified, which states mandate reporting, and who is required to report. All states require reporting of child abuse, for example, but only a few states require reporting of domestic violence against a man or woman who is not classified as a child or elder. Mandatory Reporting Law in Your State The details regarding mandatory reporting of nurses can be found through the licensing board for nurses in your state. A link to all boards of nursing can be accessed through the  National Council of State Boards of Nursing  (NCSBN). A note: some nurses are licensed under a health commission, department of health, or other type of umbrella agency, which is also listed on the NCSBN Website. Links and phone numbers for reporting child abuse can be found through the Child Welfare Information Gateway sponsored by the  U. S. Department of Health and Human Services. Their state-by-state list is updated regularly. State-specific details for reporting elder abuse are available at the  U. S. Administration on Agings National Center on Elder Abuse  Website. Child abuse. The Child Abuse Prevention and Treatment Act (CAPTA) was passed in 1974. This federal law defines the parameters under which state law must provide regulations mandating child abuse reporting by professionals. Some states, such as New York, have responded by mandating coursework in detecting and reporting child abuse for all health professionals as part of licensing requirements. According to CAPTA, child abuse/neglect is defined as follows: Any recent act or failure to act on the part of a parent or caretaker, which results in death, serious physical or emotional harm, sexual abuse, or exploitation, or an act or failure to act which presents an imminent risk of serious harm. To comply with federal law, all states have some form of regulation that requires health professionals to report child abuse/neglect to the appropriate agency. Elder abuse. Elder abuse is an umbrella term that encompasses physical, sexual, emotional, or financial abuse of an elderly, frail individual. All states have reporting laws for health professionals who encounter elder abuse, neglect, or self-neglect,  but reporting is not mandated by every state. Colorado law, for example strongly urges and suggests that a report should be made but does not mandate such a report. Even when reporting is mandated, health professionals infrequently report abuse of an elder. Physicians often fail to report abuse because of concerns about conflict and loss of trust in the patient-provider relationship. Physicians have also voiced concerns about malpractice and personal liability if a report of abuse turns out to be ungrounded. Domestic violence. State law varies widely regarding the duty of health professionals to report domestic or interpersonal violence. Two states, Kentucky and California, mandate that health care professionals report domestic violence injuries to police, whether or not the patient consents to the report. This has generated many studies exploring the impact of mandated reporting on survivors of physical or domestic abuse. In one study, survivors overwhelmingly asserted that reporting should not be mandatory until a number of changes are made in the system to promote victims safety. Other Types of Mandatory Reporting by Health Professionals In addition to the above examples, state law may require nurses to report injuries resulting from a weapon, high blood alcohol levels, impaired driving, communicable disease, and threats to harm self or others. There is also a trend toward requiring healthcare professionals to report errors. The federal Patient Safety and Quality Improvement Act of 2005 establishes a framework in which healthcare providers report medical errors to a certified patient safety organization, which analyzes the aggregate data and proposes measures to eliminate medical errors. Some states have enacted requirements that organizations report serious adverse events, such as wrong-site surgeries and medication errors resulting in death or disability. If an organization is required to report such events, then individuals who practice at the organization will no doubt be required to report these incidents as well. Although a comprehensive discussion of all mandatory reporting law is beyond the scope of this article, it is recommended that nurses place more emphasis on reporting obligations in their initial or continuing education. Administrators,  educators, and regulators should also become more informed about mandatory reporting by nurses. [pic]

Correspondence packet Assignment Example | Topics and Well Written Essays - 500 words

Correspondence packet - Assignment Example This has been witnessed for the first time since the company initiated this program. However, the company is committed to its mandates and responsibility, doing all it can to ensure that things return to normalcy. Due to this inconvenience, the human resource department has decided to award an extra week to cater for leaves of the employees on top of the annually awarded days. In addition, the when the time comes for awarding the bonus, an extra 20% of the bonus will be awarded to each individual. The management has noted the curiosity that has taken toll among most company employees as a result of recent dismissal of one of the staff members. The company wishes to inform the affected individuals that it was due to unavoidable circumstances that are in line with company policy that led to the dismissal of Craig Wilson. Wilson was legally expelled from his position after support personnel discovered illegally downloaded content on his computer during system upgrade. The company has a strong feeling that the use of company assets in this manner violates the company policy in a way. It is also a reminder to the employees that use of office computers for personal and/or illegal reasons that are stated in the company’s ICT code of conduct is against the company policy and may result into termination. The mangers will perform randomized searches it every computers to ensure that such instances do not occur at all cost. Any person that may feel that his or her rights are infringed in a way may be in a wrong place. In case one has a burning issue to do with this, please feel free to seek assistance. I am writing this e-mail in response to the recent e-mail addressed to Warren Enterprise regarding a onetime fee of $2,000 to have a metal sign with the company’s logo and contact information hung on the fence that enclose the local baseball stadium. Due to nature of its sensitivity and company policy that must be adhered

Stem Cell Essay Example | Topics and Well Written Essays - 1500 words

Stem Cell - Essay Example Stem cells seem to be the only option available for leukemia patients. In my opinion, stem cell research should be allowed when we consider the terrible nature of leukemia and other diseases for which stem cell treatment seems to be the only option available at present. Medical researchers are of the view that stem cell therapy has the potential to revolutionize the treatment of human diseases. For example, bone marrow transplants are believed to be the only treatment option to counter the threats of leukemia. In order to develop more in treating leukemia with born marrow transplantation, stem cell research is necessary. Researchers believe that technologies derived from stem cell research can be effectively used in the treatment of many other diseases also. However, still there many controversies surrounding the ethics and effectiveness of stem cell research. Some people believe that the transplanted stem cells could form tumors in future because of the uncontrolled cell division. Stem cells have the ability to renew themselves even after long periods of inactivity. Moreover it can regularly divide to repair and replace worn out or damaged tissues. According to Goldstein, & Schneider (2010), the potentials of stem cell research is huge. It can find solutions for the devastating disease like cancer, Parkinson’s disease, diabetics’ heart diseases, etc (Goldstein, & Schneider, p.5). Many of the genetic diseases and other serious diseases like the ones mentioned above are threatening the sustainment of human life on earth at present. Irrespective of developed or developing countries, cancer is a big health problem everywhere in the world. Millions of people all over the world are losing their life because of cancer and other serious diseases. The discovery, isolation, and culturing of human embryonic stem cells has been brought glimpses of hope among the patients who are suffering