Best Work

Peer Review of a Formal Report

To: Lea Ang Salamanca, ENGL 301 Team Potluck Member

From: Noah Saini, ENGL 301 Student Reviewer

Date: November 19, 2021

Subject: Peer Review of Formal Report Proposal: A Marketing Research and Comparative Packaging Report for Glacier Greens Farms

Dear Lea,

The formal report draft you provided is a pleasure to read. It is very informative and helpful in understanding what hydroponic farms can do.

First Impressions

  • Extensive primary and secondary research exists to ensure the report’s accuracy.
  • The general formatting is good, but some adjustments could be made for the main title, as it is distorted.
  • Lists could be placed in more suitable locations, as some are in areas with no supporting details
  • Headings and subheadings allow readers to quickly understand where information is

Abstract

The abstract effectively summarizes the critical points throughout the report.

Introduction

The background paragraph of Glacier Greens Farms is thorough. It is important to include the definition of hydroponic farming, particularly with its own heading. Also, the list of price recommendations fits a later section of the report. Lastly, the statement of the problem, need, purpose, and scope are successful in achieving their goal.

Methods

The overview of data sources is concise and thorough. There is one small formatting error with the provided link that needs to be addressed. This issue can be addressed by changing the placement of the link, for example, at the end of the paragraph.

Data Section

All in all, the data section is well written and provides more than ample evidence to support the topics of concern.

The survey information is used effectively and explained in a comprehensible way. Additionally, the mentioning of demographics is helpful for the reader. Another important note is that spelling errors exist and that table one lists the wrong question numbers as a title.

Overall, the tables display the relevant survey data. The layout of the tables can be improved to allow readers to understand easily. Although table two is cut off as it is longer than the page itself. Minor formatting errors can be fixed without much effort.

The key findings and recommendations are executed well. Using bullet points in the recommendation section can help the reader, but it is unnecessary.

Conclusion

The conclusion in the report is detailed and lists relevant information to summarize the findings and list appendices.

Having two recommendations sections in separate parts of the paper can be cumbersome to read. On the contrary, both recommendations are good and can be summarized into a single recommendation section.

Referencing and relating items are done appropriately.

Final Tips

To reiterate, below are a few suggestions to enhance the formal report.

  • It is essential to edit out simple spelling and formatting errors
    • An example from the report is the number 2 is written as a number and should be a word
  • Links and tables can be placed in areas that make them visually pleasing to see
  • Sentences can be shortened and broken apart to make the message effective

 

The submitted formal report draft is completed to a high level and confirms the rationale behind the recommendations above. If you have any questions or concerns, do not hesitate to contact me at noahsaini@live.ca.

Lea Ang Salamanca- Formal Report Draft

Definition Assignment

Dear Team,

I define the term hyperinflation in three ways for this week’s assignment. The three ways include the parenthetical definition, sentence definition, and expanded definition.

Reading Situation: I work in assisting businesses overseas in Zimbabwe, where hyperinflation takes place. I need to explain to large customers (those purchasing large quantities of goods in business-to-business (B2B) interactions (therefore having a basic understanding of how business processes occur)) what is happening in the economy. The B2B customers require knowledge about hyperinflation (especially in their country of Zimbabwe) to allow them to adjust business practices in case the economy becomes worse.

Parenthetical Definition: The country faces hyperinflation (uncontrolled and quickly increasing prices in an economy)(Kenton, 2021).

Sentence Definition: Inflation is the rising of prices of goods and services in an economy. Hyperinflation is the extreme increase of inflation (DeNicola, 2021).

Expanded Definition: Hyperinflation is the extreme increase of inflation (the rising of prices of goods and services in an economy). The extreme type of inflation is caused by a few factors. One factor is the strong overall demand for goods and services with an inadequate supply, which causes sellers to raise prices (Amadeo, 2020). Overall, there are many reasons for increased demand for goods with low supply; some examples include changes in trade (ex. imposed import restrictions), a variety of consumer spending, and governments spending too much money (ex. governments supplying money for new homebuyers in Greater Vancouver, which causes prices of homes to increase).

What causes hyperinflation? It starts when a country's gov't begins printing money to pay for its spending. Instead of tightening the money supply to stop inflation, the government keeps printing more. Hyperinflation is when the prices of goods and services rise more than 50% in a month. As the gov't increases the money supply, prices rise as in regular inflation. With too much money sloshing around, prices skyrocket.

Figure 1. A simple explanation of how hyperinflation occurs.

Source: what-is-hyperinflation-definition-causes-and-examples-3306097-Final-58ea47ee1dd94b16b061214dcc8dae77.png

The other factor is the excessive production of currency. Prices of goods and services increase when money is printed at high rates over an extended period. Once inflation is realized by the public, they will buy more, thus adding to the other factor of increased consumer spending (Amadeo, 2020).

When hyperinflation occurs, non-perishable goods are the first products to be purchased in bulk by consumers (who expect shortages). These consumers will add to the rising inflation and raise the prices of those goods that do not expire. The prices of non-perishable goods will increase due to low supply and high demand (caused by individuals buying in bulk). Once inflation continues, perishable goods will see significant price increases, thus causing people to buy more to stockpile, creating shortages. When perishable goods are scarce, the economy will be on the verge of collapse (Amadeo, 2020).

How does the average individual prepare for inflation? By diversifying your assets, one can be prepared if certain investments drop in value (Amadeo, 2020). Examples of good assets are gold, foreign stocks, and US bonds. Ensure that your assets are not directly correlated to currency (DeNicola, 2021). Lastly, negotiating skills are helpful, as basic living needs could become rare and currency may lose nearly all of its value.

 

Works Cited

Amadeo, Kimberly. “Hyperinflation: It’s Causes and Effects with Examples.” Edited by Michael J Boyle, The Balance30 June 2020,
https://www.thebalance.com/what-is-hyperinflation-definition-causes-and-examples-3306097

DeNicola, Louis. “What is hyperinflation? Understanding the rapid increase in the cost of goods and services over time.” Insider, Insider, 16 September 2021,
https://www.businessinsider.com/hyperinflation

Kenton, Will. “Hyperinflation Definition.” Edited by Charles Potters, Investopedia, 12 August 2021,
https://www.investopedia.com/terms/h/hyperinflation.asp