Economics – 2/09/12

 

I.  Bellwork Handout – Q&A

1. How did Gap, Inc. address the problem of consumers having to make choices?
2. Which Gap, Inc, store carries the most expensive jeans?
3. Which Gap, Inc, store carries the least expensive jeans?
4. Based upon the graph, which GAP, Inc. store is the net sales leader?  Why do you think it is the leader?

II. Objective

• Examine the importance of entrepreneurs in the economy as they attempt to obtain capital and financing.
• Observe now factor markets and product markets operate.

III. Test tomorrow – Study

IV.  Classwork-Shark Tank-Video link below questions

A.  Q&A  Write down these questions to answer for each entrepreneur and turn them in today.

1. What is the product/service or idea?
2. What is the entrepreneur asking for and what are they willing to give up?
3. What decision was made?
4. What is your opinion?

https://abc.go.com/watch/shark-tank/SH559076/VD55164942/week-1

(If it doesn’t show up in Firefox use Explorer).

Economics W2012