National Funeral Director's Association, Which Has 20,000

¶ … National Funeral Director's Association, which has 20,000 members out of the roughly 22,000 Funeral homes in United States, they do not have even the facilities to provide additional facilities for the Americans with Disabilities under an act. Some of these 22,000 homes are the property of publicly traded funeral service companies and they constitute some 15% of the total. The vast portion of these companies is small businesses which have existed for a long time, and have come to the present directors through a process of inheritance over a long period.

In some cases, the passing on has even been to employees from the owners. That is also the reason why many of these homes operate out of the residences of the former homes of the original owners and some of them are today even historical buildings. Most of these funeral homes had begun in houses which were the residences of the funeral directors and were later converted to funeral homes as per the exigencies of business.

(Comments of the national Funeral Directors Association on the Advanced Notice of Proposed Rule-Making on the Potential Application of the Revised ADA Standards) The people in charge of the business have to be viewed as people who are conscious of traditions and family histories, the funeral homes also found it very difficult to change addresses and have thus continued in the same address for more than one generation.

This can be seen in many towns and small cities spread all over America that the funeral home or homes in the town can be found in a building which was earlier a residence or in an important building on the main street. Often enough this home has also served the town for many years. At the same time, the homes are not able to retrofit the office every time a new law is passed as they are not financially strong enough.

When any law is fixed for the facilities for Americans with Disabilities are fixed, they are likely to be changed every few years. This will make changes compulsory for the home after every five or ten years. This is very difficult for the homes and they may not invest in the change. This statement from the NFDA makes it clear that the financial strength of most of the financial homes is quite weak.

(Comments of the national Funeral Directors Association on the Advanced Notice of Proposed Rule-Making on the Potential Application of the Revised ADA Standards) An organization of this size obviously cannot make much investment in theories and analysis for expansion. DQ2: Demand is the quantity of a product or service that is wanted by the buyers. This is related to the price as the consumers can only buy certain quantities at a price.

There is a relationship between the price and the quantity demanded at that price, and this is known as the demand relationship. The general law of demand states that if all other factors remain the same, then with an increase in price, the quantity demanded will be less. Speaking in a simpler manner, the higher be the price, the lower will be the demand. When this relationship is plotted on paper, this is called the demand curve.

The reason why demand will be less at a higher price is clear, because with the increase in price, the consumer has to invest more money to buy the product which he could have used for other purposes. When the price is viewed to be very high, then the economy will find that there is an excess supply. In this reference to a demand curve, there is also the question of a movement on the curve.

That indicates that with a change in price, there will also be a change on the curve to another point, but on the curve. This tells us clearly that the demand curve is valid and consistent. All movements on the curves take place due to the shifts in price, and this may be to a level that is at a higher price or a lower price.

This may be compared to a shift when the demand or supply curve itself changes and that means the quantity demanded changes without a change in price. Let us take the question of the price of a bottle of soft drinks being ten cents, and the demand suddenly jumps from x bottles to y bottles. This is a shift as the original demand relationship has changed and the earlier curve does not hold good any longer. This has to happen due to some constraints other than price.

(Economics Basics: Demand and Supply) While studying all this relationship, one has to remember that in 2002 there were 2,427,000 deaths and this was a solid 100,000 more than the deaths in 1997. These are figures given by National center for health Statistics. The figures will be on the rise for the next 20 years. At the same time, the number of people in the funeral business is going down and has dropped by a quarter over 10 years. This is reflected in the figure that 1,625 students graduated from mortuary schools in 2002 as compared to 2,084 in 1994.

There has also been a closure of more than a 1,000 funeral homes. (A profession to die for) DQ3: Shift of and movement along a demand curve has already been discussed under the previous point, and we shall not go over it again. Supply represents the offerings of the goods from the market, and this is the good quality of goods offered by good producers at a price.

The relationship between the price and the quantity of the goods or service that is supplied to the market is called the supply relationship. Thus price is determined by the combination of supply and demand. The laws of supply in turn show the quantities of the item that will be sold at a certain price. Whereas the demand relationship always shows a decline in demand with increase in price, the supply relationship shows an additional supply with increase in price.

This is very clear and straightforward as when the producers supply additional quantities at a higher price, they earn more money. The other point of supply relationship, there is also the importance of time unlike the situation in demand relationship. This happens as the suppliers cannot always supply more quantities only with a change in demand or price, and often they require additional time for it. This makes it important for the suppliers to find out whether the increase in demand will be permanent or only temporary. A high demand.