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Business Company Resource Center
Proquest Multiple Databases (Newsday, New York Times, Wall Street Journal)
SUPPLY AND DEMAND FOR THE HOLIDAYS.
CHAPTER 5/6 TEST
As the holiday season approaches, consumers have to tough economic choices they have to make. For some, it’s a budget, for others, its credit time. As we have studied the budget is the better of the two possibilities. With that being said, we are preparing budgets for what to get for our loved ones and friends for the holidays. Companies have spent the past year formulating plans, and spending millions, to try to get into your budget, and even worse, how to get you to spend outside of your budget. They are hoping that through advertising, word of mouth, or Oprah will give them the season’s winner
There are many resources that we will use in this supply and demand exercise, culminating with a PowerPoint. We will define what the major key terms in Chapter six are. These terms, along with Chapter five’s will help us get a sense of what supply and demand does to prices and how companies determine what to charge.
1. Terms that we need to know:
a. Price-
b. Rebate-
c. Economic Model-
d. Equilibrium Price-
e. Surplus-
f. Shortage-
g. Change in Supply-
h. Change in Demand-
i. Changes in Supply and Demand-
j. Price Ceiling-
k. Price Floor-
l. Target Price-
2. Once you have those complete, you will randomly choose a topic.
3. Once you have your topic you must:
a. Describe what the product is. Listen, I am in my mid-thirties and just because I assign it, does not mean I have a clue what it is. Explain the product, and based on your research, was there a reason the company decided to create this item. Was there a need that this want is filling? Is there a demographic it is trying reach?
b. What is the stock of the company saying? Go to yahoo finance and research the stock. Check out the chart on the company’s page and look at how the company is doing. Search back one year and see how the stock has been doing since last years’ holiday season. What are the analysts saying about the company and describe the forecast.
c. Now it is time for the vocabulary. Using at least six terms, include them in a slide and explain how they relate to your product. Example- Tickle Me Elmo’s target price this holiday will be $45.00. I believe, based on this information, the research and the analysts stating the cost would perform well at etc…
d. Include pictures, graphics and any other pertinent information.
THIS PROJECT IS DUE THURSDAY, MAY 13, SENT VIA MOODLE
CHAPTER 5/6 TEST
As the holiday season approaches, consumers have to tough economic choices they have to make. For some, it’s a budget, for others, its credit time. As we have studied the budget is the better of the two possibilities. With that being said, we are preparing budgets for what to get for our loved ones and friends for the holidays. Companies have spent the past year formulating plans, and spending millions, to try to get into your budget, and even worse, how to get you to spend outside of your budget. They are hoping that through advertising, word of mouth, or Oprah will give them the season’s winner
There are many resources that we will use in this supply and demand exercise, culminating with a PowerPoint. We will define what the major key terms in Chapter six are. These terms, along with Chapter five’s will help us get a sense of what supply and demand does to prices and how companies determine what to charge.
1. Terms that we need to know:
a. Price-
b. Rebate-
c. Economic Model-
d. Equilibrium Price-
e. Surplus-
f. Shortage-
g. Change in Supply-
h. Change in Demand-
i. Changes in Supply and Demand-
j. Price Ceiling-
k. Price Floor-
l. Target Price-
2. Once you have those complete, you will randomly choose a topic.
3. Once you have your topic you must:
a. Describe what the product is. Listen, I am in my mid-thirties and just because I assign it, does not mean I have a clue what it is. Explain the product, and based on your research, was there a reason the company decided to create this item. Was there a need that this want is filling? Is there a demographic it is trying reach?
b. What is the stock of the company saying? Go to yahoo finance and research the stock. Check out the chart on the company’s page and look at how the company is doing. Search back one year and see how the stock has been doing since last years’ holiday season. What are the analysts saying about the company and describe the forecast.
c. Now it is time for the vocabulary. Using at least six terms, include them in a slide and explain how they relate to your product. Example- Tickle Me Elmo’s target price this holiday will be $45.00. I believe, based on this information, the research and the analysts stating the cost would perform well at etc…
d. Include pictures, graphics and any other pertinent information.
THIS PROJECT IS DUE THURSDAY, MAY 13, SENT VIA MOODLE
