Question: 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

The market process determine which resources will be allocated based on the demand for new
apartments in this particular city location. If there arent 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.

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