Conduct a critical analysis to the RESPONSE, listed below, (IN BOLD), In no less than 200 words. Responses must demonstrate clear, insightful critical thinking.
Question(s): Why do some of Indian Firms succeed and others struggle?
Response:
Some succeed and others struggle in the UK due to there being too much contribution of the financial sector to the GDP, lack of investment in infrastructure, an industrial sector that sometimes suffers from the high level of competitiveness and competition from the many foreign companies in the country, productivity growth is very low, high government and household debt (131% of disposable income), high trade deficit, GDP per capita has stagnated for some years, and the prospects for improving the British economy are difficult to measure in the post-Brexit context.
Answers
The Indian Firms’ success rate is an interesting phenomenon in the United Kingdom. They have struggled in the UK for several reasons, as mentioned in the RESPONSE, which are discussed below:
Competition:The UK has a highly competitive and mature market. Foreign companies, especially from developed nations, have a strong influence on the UK market. The established firms, particularly those that have been there for a long time, have an edge over newcomers.
Therefore, Indian firms have to compete with several well-established firms, which makes it challenging to gain market share. Investment in Infrastructure: Investment in infrastructure is vital for businesses to function efficiently.
However, infrastructure is inadequate in the UK, and the government needs to invest more in it. This problem is not limited to Indian companies. The poor infrastructure hinders the growth of businesses.
As a result, Indian companies have to invest more to build their infrastructure to make their business more efficient. Contribution of Financial Sector: The financial sector contributes significantly to the GDP of the UK.
However, it is at the expense of other sectors, including manufacturing, agriculture, and others. The country should focus on developing other sectors, which would create more jobs and help the economy grow.
Productivity Growth:Productivity growth in the UK has been stagnant in recent years. This means that firms are not becoming more productive, which would have a positive impact on the economy.
Therefore, it is essential for Indian firms to invest in technology and innovation to increase their productivity. Government and
Household Debt:The government and household debt is 131% of disposable income, which is high. High debt levels can negatively impact the economy in several ways. One way is that businesses have to pay more interest, which reduces their profits. Another way is that consumers have less disposable income to spend on products and services, which reduces demand.
High Trade Deficit:The UK has a high trade deficit, which means that the country imports more than it exports. This has a negative impact on the economy, and Indian firms have to compete with foreign companies to export their products to the UK.
GDP Per Capita:GDP per capita has stagnated in the UK for several years. This means that the average person’s income is not increasing.
Therefore, the demand for products and services is not increasing, which makes it difficult for businesses to grow. In conclusion, Indian firms in the UK face several challenges, as mentioned in the RESPONSE. These challenges make it difficult for Indian firms to succeed.
Therefore, Indian firms need to overcome these challenges to be successful in the UK.
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Related Questions
which incident inspired Aaitaman?
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Answer:
you can search either in Google or brainly and then you will have the answer
He was walking on the terrace. He saw a small round insect carrying food
and climbing up the terrace. When the insect was about to reach the top
of terrace, it fell down. But the insect didn’t give up. It again tried to climb up. It was again about to reach the top, it again fell down as the first time. It
was still not discouraged So it tried for third attempt and was able to reach
the top carrying the food and it took into the hole where it used to live.
Though the incident was minor, it had a great impact on Aaitaman
when a marketer wants his or her webpage to rank high on the serp- what factors would they consider while identifying keywords to target
Answers
Factors should be considered when a marketer identifying keywords are:
How traffid des the keyword receive. More traffic is better.How relevant the keyword is to the content of the webpage.How creative or unique the keyword is.Search engine results page or SERP shows the results that a search engine returns in response to a specific word or keyword phrase query. The highest-ranking results are mostly the most relevant results or the paid results by organization or an individual to be placed at the top of the result page.
To improve a keyword's position on SERPs, there are 5 basic steps that a marketer needs to know:
Research your keywordsTarget the right keywordsUnderstand the rangkingsTrack your rankingsKeep goingBefore deciding on a keyword, a marketer needs to understand which keywords are they currently ranking for and which keywords he should be ranking for. Find the keywords that are already doing fairly well and make them perfect even more.
A marketer needs to find the correct keywords for his business. Do not refer to other businesses but reflect to his own product. Find the keywords with high search volumes and high business values. These metrics indicate whether or not a top position on a SERP will actually yield traffic and revenue. Avoid keywords with loads of SERPs features above the #1 spot.
Learn from other cases, understand why certain websites and pages are ranking higher on SERPs. Knowing the competitors better help a marketer to build more effective strategy for taking overt those top positions.
Do not forget to always track the keywords rankings since day 1 and review the strategy periodically.
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Complete Question:
When a marketer wants his or her webpage to rank high on the SERP- what factors would they consider while identifying keywords to target (i.e., they keywords to strive to rank high for)?
How competitive the keyword is; more competition is better.How competitive the keyword is; less competition is better.How much trafic does the keyword receive. More traffic is better.How much traffic does the keyword receive. Less traffic is betterHow relevant the keyword is to the content of the webpage.How creative or unique the keyword is.What do you mean by ECONOMIC
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Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services.
Match the following terms to the appropriate definition.[1] When a consumer strives for greatest satisfaction or value from the bundle purchased using the least amount of budgeted money.[2] A process that firms use to determine the most output given price levels that will yield the most return after production costs and the total cost outlay are taken into account.[3] The additional benefit gained from the consumption of the next unit for the individual.[4] The additional expense of producing the next unit for the firm.
Answers
The following definitions are accounting terms for a system of control and registration of expenses and income and other economic operations that are carried out in a business, company or entity.
The proper definition for each term are as follows:
1.Cost-benefit analysis - A process that firms use to determine the most output given price levels that will yield the most return after production costs and the total cost outlay are taken into account.
2. Utility maximization - When a consumer strives for greatest satisfaction or value from the bundle purchased using the least amount of budgeted money.
3. Marginal benefit - The additional benefit gained from the consumption of the next unit for the individual.
4. Marginal cost - The additional expense of producing the next unit for the firm.
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An economy in the steady state has a marginal product of capital of 9 percent, a rate of depreciation of 3 percent, a population growth rate n of 1 percent, and rate of technological progress of g = 1 percent. According to the text, this economy could _____ in order to achieve the Golden Rule capital per effective worker.
Answers
The economy could invest 34.78% of its output per effective worker in capital per effective worker to achieve the Golden Rule capital per effective worker.
Golden Rule Capital:The Golden Rule capital per effective worker is the level of capital per effective worker that maximizes consumption over time. It is the level of capital per effective worker that allows for the highest possible consumption in every period of time.To achieve this, the economy must increase its investment in capital per effective worker.
This investment will increase the productivity of the economy, allowing for more output to be produced for every unit of labor input.
As the productivity of the economy increases, the economy will be able to produce more goods and services, which will lead to higher consumption levels over time.In order to calculate the level of investment required to achieve the Golden Rule capital per effective worker, we need to use the following formula:
k* = (1/3 + n + g) / (1 + n) * y
Where : k* = the level of capital per effective worker that maximizes consumption over time
y = output per effective worker
k = capital per effective worker
n = population growth rate
t = technological progress rate
g = marginal product of capital - rate of depreciation
Given the values of the marginal product of capital (g) = 9%, the rate of depreciation = 3%, the population growth rate (n) = 1%, and the rate of technological progress (t) = 1%, we can calculate the level of investment required to achieve the Golden Rule capital per effective worker as:
k* = (1/3 + 0.01 + 0.01) / (1 + 0.01) * y
k* = 0.3478 * y
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The article Foundational perspective for ethical and socially responsible marketing decisions" (Murphy et al. , 2017),
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The article "Foundational perspective for ethical and socially responsible marketing decisions" (Murphy et al., 2017) provides valuable insights into the importance of ethical and socially responsible marketing practices.
The article by Murphy et al. (2017) focuses on providing a foundational perspective for ethical and socially responsible marketing decisions.
This is achieved by discussing various aspects of ethical marketing, including the importance of moral philosophy, ethical decision-making models, and marketing ethics theories. The authors emphasize the need for marketing professionals to be aware of the ethical implications of their decisions and to strive for a more responsible and sustainable approach to marketing. The authors argue that these practices should be integrated into every aspect of a company's operations, from product development to advertising and communication strategies. They suggest that companies should adopt a long-term perspective and focus on building strong relationships with their customers based on trust, transparency, and social responsibility. The article also highlights the need for companies to take into account the broader social and environmental impacts of their actions and to work towards creating a sustainable future for all stakeholders. Overall, the article provides a useful framework for companies looking to develop more ethical and socially responsible marketing strategies.In summary, Murphy et al.'s (2017) article highlights the importance of considering ethical and social responsibility when making marketing decisions. It provides a comprehensive overview of moral philosophy, ethical decision-making models, and marketing ethics theories, encouraging marketers to adopt a more responsible and sustainable approach to their work.
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Casi has two options to get to her friend's house on the coast. She can either take an Uber or ride the bus. The Uber will cost her $90 and it will take 1 hour to get to her friend's house. The bus will only cost $10 but it will take her 5 hours to get to her friend's house. How much does Casi have to value her time per hour to make her willing to use an Uber instead of taking the bus? Provide the dollar amount below. Do not include a "$" sign.
Answers
Casi needs to value her time at $20 per hour to make her willing to use Uber instead of taking the bus.
To determine the value Casi needs to place on her time per hour to choose an Uber over the bus, we can calculate the time difference between the two options and compare it to the cost difference.
The time saved by taking an Uber is 5 hours - 1 hour = 4 hours.
The cost difference between the two options is $90 - $10 = $80.
To find the value Casi needs to place on her time per hour, we divide the cost difference by the time saved:
Value of time per hour = Cost difference / Time saved
Value of time per hour = $80 / 4 hours = $20/hour.
Therefore, Casi would need to value her time at $20 per hour or more to be willing to use an Uber instead of taking the bus.
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Sue, a single taxpayer, purchased a principal residence in 2009 for $415,000. In 2012, she paid $18,000 to add a sunroom. This year, Sue sold the residence for $686,000. Her selling expenses were $5,000. How much gain must Sue recognize on the sale
Answers
Sue must recognize the gain of $0 on the sale. Let's see how.
Lets calculate the gain on the sale of the residence.
Gain = Selling Price+ selling expenditure- Cost basis
= 686000-5000- 433000
= $ 248,000
Cost Basis = Cost+ Improvements
= 415000+ 18000
=$ 433000
Lets discuss the gain to be recognized now.
According to the IRS publication 523, the gain from the sale of main home upto $250,000 are not included in income. Moreover, Sue has kept the house for more than 24 months. Here, the gain is $248,000 which is below the amount of $250,000.
Hence, the entire gain is excluded.
So, Sue has to recognize $0 on the sale.
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which is a way to increase your net worth
Answers
Ways to increase your net worth are
Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.What is net worth?Generally, taking into consideration all financial assets and obligations of a person/company/household.
In conclusion, Consolidate or renegotiate your debts.
Keep your vehicles for as long as you can.
Boost your wages
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from our module 1 reading ist205 is and competitive advantage, (page 9) it states a strategic information system is designed to implement a business strategy for achieving competitive advantage. a strategic information systems can achieve competitive advantage by doing the following:
Answers
One way that a strategic information system can be used to achieve competitive advantage is Delivering a product or service at a lower cost or that is differentiated.
How can competitive advantage be acquired?Competitive advantage refers to being able to produce goods and services at a cheaper cost than your competitors. This will allow you to sell at a lower price and get more customers.
A strategic information system can help to achieve this competitive advantage by helping the company to deliver a product that is either differentiated and better, or priced at a lower cost.
Options for this question include:
Uses 5G networking and BluetoothUses AI and machine learningDelivering a product or service at a lower cost or that is differentiatedUses cloud computing for software licensesFind out more on competitive advantage at https://brainly.com/question/26356446
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what benefits do bath and body works employees get?
Answers
Answer:
THEY GET INSIDE INFORMATION FROM BATH AND BODY WORKS. They also know what shampoo or body products is good for them.
Explanation:
According to classical theory, national income depends on ______, while keynes proposed that ______ determined the level of national income.
Answers
In a closed economy, the Keynesian-cross analysis's equilibrium condition is that income must equal the total of government spending, investment, and consumption.
Interest rates in the economy are impacted by monetary policy changes. Interest rate changes have an impact on inflation and economic activity. Unexpected inventory investments are bad. When businesses encounter unanticipated inventory accumulation, they typically: cut production and lay off employees keynes. According to the government-purchases multiplier, there will be a change of $1 in government purchases, plus any further changes. When the Fed modifies its monetary policy, the aggregate demand curve may be shifted. The money supply curve moves to the right as the money supply rises. The interest rate decreases in the absence of a shift in the money demand curve. Demand for products and services rises when interest rates decline. According to the Keynesian model, the change in output has no impact on export. Either a change in the income of the rest of the world or a change in the exchange rate has an impact on export. The economy will be in balance when the aggregate expenditure line reaches the 45-degree line. It is the only location along the aggregate expenditure line where total spending on aggregate demand and total production are equal. Interest rates and the amount of money in circulation are inversely related. A bigger money supply results in lower market interest rates, which reduces the cost of borrowing for consumers. In contrast, lower money supply tends to result in higher market interest rates, increasing the cost of borrowing for consumers income.
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What is one of the biggest telltale signs of a pyramid scheme?
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Pyramid schemes posing as multi-level marketing businesses by claiming to have been in the business of selling goods to customers.
What is a pyramid scheme?In a "pyramid" scheme, participants try to gain money purely by recruiting new members, typically if the recruiter guarantees a high return in a short amount of time.
There is no actual sale of merchandise or service; and. Fresh student recruitment is the main focus.
Instead of offering investments or making sales of goods, a pyramid scheme gathers members by promising income or services in exchange for bringing people into the plan.
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An associate broker terminates with a broker. The employing broker refuses to turn the license over to the Commission. Which of the following is true?
a. Automatic fine for the Employing Broker
b. The Employing Broker may be subject to disciplinary action
c. Employing broker's license is immediately suspended
d. Both associate and employing brokers may have their licenses canceled
Answers
Answer:
d. Both associate and employing brokers may have their licenses canceled
Which of the following data are most likely following a long-term trend trajectory? A, Coffee drinkers B. Land-line phone users C. Stock prices D. Flu-related illnesses
Answers
Option (c), Stock prices are most likely following a long-term trend trajectory.
While all of the options may have short-term fluctuations, stock prices are most likely to follow a long-term trend trajectory due to various factors such as overall market trends, economic conditions, and company performance. This is because stock prices are influenced by various factors such as economic growth, political stability, and global events, which can affect the long-term trajectory of the stock market. Land-line phone users and coffee drinkers may have fluctuations over time, but they are not necessarily following a clear long-term trend. On the other hand, coffee drinkers and land-line phone users may be influenced by short-term fads or technological advancements. Flu-related illnesses may also have fluctuations but are not following a long-term trend trajectory as medical advancements and vaccination programs can greatly impact the number of flu cases in a given year.
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What is the main purpose of the operation bank?
Answers
Answer:
what even is a operation bank
Explanation:
hehe
If a business fails because a new technology makes its products obsolete, this is an example of:
A)inflation risk. B)unsystematic risk. C)systematic risk. D)interest rate risk.
Answers
If a business fails because a new technology makes its products obsolete, this is an example of unsystematic risk. Option B is correct choice.
Unsystematic risk, also known as specific risk or idiosyncratic risk, refers to risks that are specific to a particular company or industry. In this scenario, the failure of the business is caused by the specific risk of the new technology rendering its products obsolete. It is not a result of macroeconomic factors or broad market trends, which would fall under systematic risk (option C). Inflation risk (option A) refers to the potential loss of purchasing power due to rising prices, and interest rate risk (option D) relates to changes in interest rates affecting borrowing costs and investment returns. Therefore, the most appropriate choice in this case is unsystematic risk. Option B is correct choice.
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the italian bread company purchased land as a factory site for $55,000. an old building on the property was demolished, and construction began on a new building. costs incurred during the first year are listed as follows: demolition of old building $ 7,500 sale of salvaged materials (1,000) architect fees (for new building) 12,500 legal fees (for title investigation of land) 1,500 property taxes on the land (for the first year) 2,500 building construction costs 450,000 interest costs related to the construction 15,500 required: determine the amounts that the company should record in the land and the building accounts
Answers
The company should record the land and building at $65500 and $478000 respectively
The cost of reconstruction is defined as what it would cost to create a similar structure today utilizing the same materials, construction standards, design, layout, and quality. The MSB reconstruction cost includes additional expenditures for the contractors hired to do repairs and restorations, the construction itself, the property's location, demolition charges, and debris removal. These elements lead to a valuation that is higher than one for a brand-new building.
Particulars Land Building
Purchase price 55,000
Demolition of the old building 7,500
Sales of salvage material -1,000
Architect fees 12,500
Legal fees 1,500
Property tax 2500
Building construction cost 450,000
Interest cost related to construction 15,500
Total cost 65500 478000
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December 31, our company had a balance of $378,000 in its accounts receivable and an unused balance of $2,340 in its allowance for uncollectible accounts. The company then analyzed the ages of its accounts as follows:
Age of A/R Amount Bad debt estimation % Estimate
Current $311,400 1% $3,114
1–60 days past due 43,200 5% $2,160
61–180 days past due 15,300 15% $2,295
Over 180 days past due 8,100 40% $3,240
Total $378,000 $10,809
The company continues to base its allowance for uncollectible accounts on this aging analysis and percentages.
What amount of bad debts expense does the company report on its income statement for the year?
Select one:
a. $151,200
b. $10,809
c. $8,469
d. $378,000
e. $6,129
Answers
The amount of bad debts expense that the company reports on its income statement for the year is $10,809.
To determine the bad debts expense, we need to sum up the estimated bad debts for each age category. The bad debt estimation percentages are applied to the corresponding amounts to calculate the estimated bad debts.
For the current category, the estimated bad debts are $311,400 * 1% = $3,114.
For the 1-60 days past due category, the estimated bad debts are $43,200 * 5% = $2,160.
For the 61-180 days past due category, the estimated bad debts are $15,300 * 15% = $2,295.
For the over 180 days past due category, the estimated bad debts are $8,100 * 40% = $3,240.
Summing up these estimated bad debts gives us a total of $10,809, which represents the bad debts expense reported on the income statement for the year.
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In your completed RACI chart, who is responsible for coding the landing page
Answers
Note that in a completed RACI chart, the person who is responsible for coding the landing page is: A team member of Project Manager.
What is a RACI Chart?A responsibility assignment matrix, also known as a RACI matrix or a linear responsibility chart, illustrates how various roles contribute to the completion of tasks or deliverables for a project or business process.
A RACI chart (also known as a Responsibility Assignment Matrix) is a method for identifying the roles and responsibilities of your project team for every task, milestone, or project deliverable. You may clarify responsibilities and prevent confusion by using the RACI abbreviation.
A RACI chart is one tool that project managers may use to keep a project on track. The chart assists teams in communicating clearly and keeping the proper individuals in the loop by identifying all stakeholders and designating a level of engagement for each job.
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I need Short Term, Med Term, and Long Term goals for a sports cleat business
Answers
Answer:
Short term: Try and sell the one pair of cleats that are used.
Med term: Try and sell Two pairs for a lower price like two pairs for $40
Long term: Try and sell all the cleats before you have to leave the store.
Explanation:
I like goals!
i can do stonks
stonks for ya
stonks for them
stonks for they
Answers
Explanation:
I wanna see you in action!!
Need Help
What does having a positive attitude mean in terms of work behavior?
(six sentences)
Answers
Now that Rory understands how comprehensive income is, he is wondering if he needs to record the $500 scholarship he was awarded from his local community to help pay his college tuition. If so, in which category of income should it be recorded: earned income, unearned income, or received income from government programs
Answers
Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.
In general, scholarships and grants used for Assuming that the scholarship money is tax-free, education expenses such as tuition and books are tax-free.
However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.
Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.
However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.
If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.
If it is received through a government program, it would be recorded as income received from government programs.
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the statistical model that allows insurance companies to estimate losses is called
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The statistical model that allows insurance companies to estimate losses is called the actuarial model.What is an actuarial model? Actuarial models are statistical models that help actuaries, the insurance and financial sector professionals who assess risks, manage risk and financial uncertainty.
Actuarial models are used by insurance companies to estimate losses on policies. Actuarial models take into account the probability of various events such as accidents, death, illness, and damage to property. The insurance industry, which is driven by data and mathematics, uses actuarial models to identify, assess, and minimize risks, as well as to forecast and calculate long-term trends.
To summarize, the main answer to this question is that the statistical model that allows insurance companies to estimate losses is called the actuarial model, and the explanation of it is that actuarial models are used by insurance companies to estimate losses on policies, taking into account the probability of various events such as accidents, death, illness, and damage to property.
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All of the following were entrepreneurs who built powerful monopolies in the nineteenth century EXCEPT _____.
John Rockefeller
William Hurst
Cornelius Vanderbilt
Andrew Carnegie
Answers
All of the following were entrepreneurs who built powerful monopolies in the nineteenth century EXCEPT Andrew Carnegie.
Andrew Carnegie was not an entrepreneur who built powerful monopolies in the nineteenth century. The other entrepreneurs, i.e., John Rockefeller, William Hurst, and Cornelius Vanderbilt were all responsible for building powerful monopolies during the nineteenth century.
A monopoly is a situation in which there is only one provider of a good or service. A company with a monopoly controls the market for that product or service. As a result, they can set their own prices and restrict the supply of the product or service to maximize their profits.
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What is cash flow?...................................
Answers
Answer:
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company's ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow
Explanation:
A markes produces foo nuch of a pood when the price of tee good isi Freater thin the marginal social cost of provifing it. sepial to the magrinal weial cost of providieg it. lew than the marginal eacial coes of rroviding it. equal on 1 Question 8 1 pts A public pood is แลง in consumption. excluabhies navek Haneveluatablei nonrival |arfatable; nonirizal exaculudble rival
Answers
A public good is non-excludable and non-rivalrous, ensuring that it is accessible to all individuals and its consumption by one person does not limit its consumption by others.
A public good is non-excludable and non-rivalrous in consumption. Non-excludability means that once the good is provided, it is difficult to exclude individuals from benefiting from it. This means that even if someone does not contribute to the provision of the public good, they can still enjoy its benefits. Examples of non-excludable public goods include clean air, national defense, and public parks.
Non-rivalry refers to the characteristic that one person's consumption of the public good does not diminish its availability for others. In other words, one person's use of the good does not reduce its ability to satisfy the needs of others. For instance, if one person enjoys the view from a public park, it doesn't prevent others from enjoying the same view.
These two characteristics make public goods unique compared to private goods, which are both excludable and rivalrous. Private goods are subject to the principle of scarcity, where one person's consumption directly reduces the availability of the good for others.
Therefore, a public good is non-excludable and non-rivalrous, ensuring that it is accessible to all individuals and its consumption by one person does not limit its consumption by others.
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Demand elasticity is the extent to which a change in price causes a change in the quantity demanded
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True, demand elasticity is the extent to which a change in price causes a change in the quantity demanded.
How sensitive the quantity demanded is to a good's price is determined by its price elasticity of demand. Almost all goods see a decrease in quantity demanded as prices rise, but some goods experience this decrease more than others. When a product's price changes, its inelastic quantity remains constant.
When a price increases by 1% while holding all other factors constant, the price elasticity provides the percentage change in quantity demanded. Consumers' purchasing patterns are said to be inelastic if they remain relatively constant when the price of a good or service increases or decreases.
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Note that the full question is:
Demand elasticity is the extent to which a change in price causes a change in the quantity demanded. True or False?
With regard to business definition, railroads may have lost business because they:
Answers
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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