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delaneyparris

  • one year ago

1. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points) 2. List three examples of businesses in the service industry. (Complete sentences are not necessary. 1.5 points) 3. List three nondurable goods that you use on a regular basis. (Complete sentences are not necessary. 1.5 points) 4. List three staple goods that you or your household buys on a regular basis. (Complete sentences are not necessary. 1.5 points) 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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  1. delaneyparris
    • one year ago
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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) 7. Pick a product that is currently being sold, and analyze its economic utility, using the questions below. a. Describe the product's form utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points) b. Describe the product's place utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points) c. Describe the product's time utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points) d. Describe the product's possession utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points) e. Describe the product's information utility. Is it good, or bad? Explain. (2-3 sentences. 2.0 points) f. Describe at least one way the company could improve the economic utility of this product. (2-3 sentences. 3.0 points) 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) 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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