develop a product that you could sell. Be as creative as possible! Is there supply...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
develop a product that you could sell. Be as creative as possible! ● Is there supply and demand for this item or service? Why or why not? What is the cost to create this product? How much do you need to charge to make a profit? If inflation or deflation occurs, what happens to the price of your product? • Who do you think the consumers will be for this product? Consider what types of media you might use to advertise our product or service (ex: social media, newspaper, TV ad). • What natural resources or capital do you need to produce this product? • Will you need a labor force or specific technology to help you create or sell this product or service? develop a product that you could sell. Be as creative as possible! ● Is there supply and demand for this item or service? Why or why not? What is the cost to create this product? How much do you need to charge to make a profit? If inflation or deflation occurs, what happens to the price of your product? • Who do you think the consumers will be for this product? Consider what types of media you might use to advertise our product or service (ex: social media, newspaper, TV ad). • What natural resources or capital do you need to produce this product? • Will you need a labor force or specific technology to help you create or sell this product or service?
Expert Answer:
Answer rating: 100% (QA)
Ans Product Ecofriendly customizable modular furniture made from recycled materials Description Our product is a line of modular furniture pieces incl... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
Students also viewed these economics questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
Neutrons can be used in diffraction experiments to probe the lattice structure of crystalline solids. Since the neutron's wavelength needs to be on the order of the spacing between atoms in the...
-
Find u v. 1. u = (7, 1) v = (3, 2) 2. u = (6, 10) v = (2, 3) 3. u = (6, 2) v = (1, 3) 4. u = 2, 5 v = (1, 8) 5. u = (4i 2j) v = (i - j) 6. u = (i 2j) v = (2i - j)
-
Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales The following transactions were selected from the records of OceanView Company: July 12 Sold merchandise to Customer R,...
-
Fashion Fabrics makes custom handbags and accessories for high-end clothing boutiques. Record summary journal entries for each of the following transactions that took place during the month of...
-
Phillips Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2011, Job No. 50 was the only job in process. The costs...
-
A ( n ) _ _ _ _ _ _ _ _ _ _ contains information about a given person, product, or event. Attribute Column Field Record
-
A consultant to your company at DP Architects used the net present value method to determine the viability of the project above (Question 1). You decided to find out for yourself the projects...
-
An accountant at a bookstore wants to calculate receivables turnover. What should they do? Explain in detail.
-
Steven wants to build a very simple tip calculator for whenever he goes eating in a restaurant. In his country, it's usual to tip 25% if the bill value is between 90 and 500. If the value is...
-
Jim formed Taxman Associates, a partnership, on February 1 st 2018 with four other partners. Each partner contributes $30,000 in return for an equal share of profits in the partnership (20%). The...
-
Looking for clear explanation guidance on the following. I have attached Sample Code. Using the student object from below code create an ArrayList of Students Objects public class Student { private...
-
What is the bank called that receives a check from another bank in the check collection process? Explain briefly
-
What is the wavelength (in nm) of the W radiation if the energy required removing an electron from the H-atom is 3.461 x 10 19 ? A) 427.7 B) 573.9 C) 1189 D) 127
-
Identify Thank You mission, strategy and core competencies. Identify strategy changes that have taken place at Thank You since its founding in 2008. Your answer must in text references and must be...
-
Social Norms and Private Actions: When asked to explain our actions, we sometimes simply respond by saying it was the right thing to do. The concept of the right thing to do is one that is often...
-
In this exercise, we will explore how changes in output and input prices affect output supply and input demand curves. A: Suppose your firm has a production technology with diminishing marginal...
-
Suppose that your tastes do not satisfy the convexity assumption. In particular, suppose the indifference curve corresponding to utility level uA has a shape like the indifference curves depicted in...
-
True or False: Inflation decreases the purchasing power of money.
-
Logan is conducting an economic evaluation under inflation using the then-current approach. If the inflation rate is \(j\) and the real time value of money rate is \(d\), which of the following is...
-
True or False: The most commonly used measure of inflation is the relative change in the Consumer Price Index.
Study smarter with the SolutionInn App