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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Jul 2017 |
| Last Sign in: | 398 Weeks Ago, 4 Days Ago |
| Questions Answered: | 5023 |
| Tutorials Posted: | 5024 |
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2. List three examples of businesses in the service industry. (Complete sentences are not necessary. 1.5 points)
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3. List three nondurable goods that you use on a regular basis. (Complete sentences are not necessary. 1.5 points)
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4. List three staple goods that you or your household buys on a regular basis. (Complete sentences are not necessary. 1.5 points)
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5. List three impulse goods that you or someone you know has purchased. (Complete sentences are not necessary. 1.5 points)
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6. Describe a shopping good that you or someone you know purchased. What kind of research did you or that person do before buying the product? (1-2 sentences. 1.0 points)
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7. Pick a product that is currently being sold, and analyze its economic utility, using the questions below.
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A. Describe the product's form utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
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B. Describe the product's place utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
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C. Describe the product's time utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
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D. Describe the product's possession utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
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E. Describe the product's information utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points)
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F. Describe at least one way the company could improve the economic utility of this product. (2-3 sentences. 3.0 points)
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8. Choose a real or made up company and describe at least one thing that company could do to improve its economies of scale. (2-4 sentences. 3.0 points)
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9. Describe a product that you think has saturated its market. What makes you think it has saturated its market? (2-5 sentences. 3.0 points)
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