How does the concept of your product's (milk) sales depend on the characteristics of the good/service and market preferences and trends?
Milk and milk products are total foodstuff that provides nutritional quality and health status. The milk and milk products intake gives essential nutrients such as calcium; magnesium; protein; folate; vitamins A D, and E; and B1, B2, B6, B12. Since milk's characteristic of being a quality nutrition and acting as an investment in human capital that yields returns today and future thus plays a significant role in it's sale. The milk consumption also depends largely on demographic characteristics such as household composition, household size, gender of the household head and marital status highly impacts the patterns of consumption for milk and milk products. Moreover the market trends are important consideration in sale of milk. It is often assumed that the rise in human population, trends of urbanization and increase in household incomes will translate to substantial rise in the demand for products of livestock particularly milk.
How does the concept of your product's (milk) sales depend on the characteristics of the good/service and market pre...
How does the marketing concept of service blueprinting help service organizations define the required processes for success and competitive advantage?
Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain. Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find...
Think about the concept of color blindness. Is it a good thing or a bad thing, neither or both? Is becoming color blind possible, impossible, necessary or not necessary? Does it depend on the situation? What What do the readings say about color blindness? How does colorblindness connect to bias? How would you define unconscious bias? What are your reactions to unconscious bias? What from the films and readings is evidence of the existence of unconscious bias?
Explain how Say’s Law can or can not be, an extension of Adam Smith’s insight that the division of labor is limited by the extent of the market, given that specialization can depend upon how much demand there is for a specialized good/service.
Think about the concept of color blindness. Is it a good thing or a bad thing, neither or both? Is becoming color blind possible, impossible, necessary or not necessary? Does it depend on the situation? What What do the readings say about color blindness? How does colorblindness connect to bias? How would you define unconscious bias? What are your reactions to unconscious bias? What from the films and readings is evidence of the existence of unconscious bias? Search entries or...
How does the increase in the price of an individual good or service affect consumer behavior? How does this help explain the law of demand?
1. In partial equilibrium analysis in a product market, a single market is being examined in isolation to understand the relationship between: A. How a product's price coordinates economic transactions between at least one consumer and at least one firm. B. How a product's price coordinates profit between at least one consumer and at least one firm. C. How a product's price coordinates cost between at least one consumer and at least one firm. D. How a product's price coordinates...
1. (15%) Consider a market for a good or service of your choosing in your local town (be specific). Suppose you are planning to conduct a study of this market. a. List at least two specific factors that you believe would cause changes in market demand. Based on this, write out a hypothetical demand function (i.e., in equation form, write out how quantity demanded depends on price and the two factors you chose). The coefficients on your two factors should...
Name a good or service that results in a positive OR negative externality. How does it affect third parties? (Remember, third parties are someone other than the buyer or seller!)
How does the force F depend upon charge ? (Your answer should include words like directly proportional, inversely proportional....etc.). Justify your answer with an equation. . How does the force F depend upon separation r ? (Your answer should include words like directly proportional, inversely proportional....etc.) Justify your answer with an equation.