Assignment is attached.

Assignment is attached.


Business Management W1 Discussion Choose a product that you think illustrates the principles of supply and demand. It could be something like a Lamborghini that has a very limited supply and a great demand that makes it expensive. Or it could be something like a calculator that used to be very expensive but has become cheap because of trends in technology. Give a brief overview of the company that makes the product. If the product is made by multiple companies, just choose one of them. Respond to the following: • What does the company make? • What value does this product provide to consumers? Why do they buy it? • Explain how the product can illustrate the law of supply and demand. • Which of the following six external forces in the readings do you think most affects the balance of supply and demand? Describe the effect it has. (For example, the technological environment made the chips in calculators cheap, and the low price increased demand.) ◦ economic environment; ◦ legal environment; ◦ competitive environment; ◦ technological environment; ◦ social environment; and ◦ global environment. Make sure that you post your substantive initial posting no later than Saturday this week, and be sure to use outside support for your posting. This should be from reliable sources (other than the text book), and you need to reference the sources using proper APA Version 7 formatting. In addition to your initial posting, you need to respond to at least three classmates' initial posts to provide comments, insights, or questions that further the discussion. Your responses need to be substantive, and should move the discussions forward. *****( I will send you classmates response)******