The market process determine which resources will be allocated based on the demand for new

apartments in this particular city location. If there aren$$t many apartment developments near$-$

by$,$ but a growing population that desires city living, then this may be the best use of the

property. If new businesses are seeking to locate in this property and have enough employees

to fill the space; and if economically feasible, then the business may be the best use of this

resource. In this scenario, the city provides tax incentives and loans for the apartment

developer, and a recent population survey indicates that single$-$dwelling units are in short

supply $$ so the market will allocate the resource to the apartment development.

Question $1-$ A parcel of vacant land located at the intersection of two streets used heavily by

commuters

Respond here

Question $2-$ A semi$-$tractor and trailer owned by a private trucker

Respond here

Question $3-$ A web$-$designer with particular expertise business web development

Respond here

Question $4-$ Fitness Fanatic is a startup fitness center located in

Louisville Kentucky. Its innovative model of combining social

networking, exclusive branded apparel, and an invitation$-$only

fitness center has led to substantial revenue growth. Describe

how Fitness Fanatic exemplifies the $$opportunity seeking$$

dimension of value creation.

Respond here

Question $5-$ Integrated Freight utilizes artificial intelligence to route freight across multiple

carriers and modalities $($e$.$g$.$ train versus truck$).$ The result is that Integrated Freight is able to

reduce long distance freight costs by an average $20\%.$ Describe how Integrated Freight

exemplifies the $$efficiency seeking$$ dimension of value creation.