Corporation and Points
Assignment 8: The Business World
(24.0 points) 1. Choose a good that you are familiar with, such as a t-shirt, a tennis racket, a cupcake, a pair of sunglasses, or any other good. Be sure to choose something specific. Then, analyze its economic utility, using the questions below. a. Describe the good you chose to analyze. (1 sentence. 0.5 points) b. Describe the form utility of this good. Is the form utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) c. Describe the place utility of this good. Is the place utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) Yes the place utility is good because I can easily find it is not too big or to small so it fits perfectly on my closet door. d. Describe the time utility of this good. Is the time utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) Yes the time utility is really good I can use it whenever I want to and it matches with everything.
e. Describe the possession utility of this good. Is the possession utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) The possession utility of the Michael Kors company is really good because I get to find the bags in their website and when I order them they ship their stuff for free.
f. Describe the information utility of this good. Is the information utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) Yes the company provides good information about their products.
2. List at least one activity that a company might do during each of the following stages of business: a. Identify (0.5 points) Shipping their materials, they weren’t sure if they were going to gain or lose money so they went for it.
b. Plan (0.5 points) They had to start with a
(24.0 points) 1. Choose a good that you are familiar with, such as a t-shirt, a tennis racket, a cupcake, a pair of sunglasses, or any other good. Be sure to choose something specific. Then, analyze its economic utility, using the questions below. a. Describe the good you chose to analyze. (1 sentence. 0.5 points) b. Describe the form utility of this good. Is the form utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) c. Describe the place utility of this good. Is the place utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) Yes the place utility is good because I can easily find it is not too big or to small so it fits perfectly on my closet door. d. Describe the time utility of this good. Is the time utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) Yes the time utility is really good I can use it whenever I want to and it matches with everything.
e. Describe the possession utility of this good. Is the possession utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) The possession utility of the Michael Kors company is really good because I get to find the bags in their website and when I order them they ship their stuff for free.
f. Describe the information utility of this good. Is the information utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) Yes the company provides good information about their products.
2. List at least one activity that a company might do during each of the following stages of business: a. Identify (0.5 points) Shipping their materials, they weren’t sure if they were going to gain or lose money so they went for it.
b. Plan (0.5 points) They had to start with a