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- Looking at race, ethnicity, age, gender, sexual orientation, and physical and mental challenges which has so far affected your life the most? What examples can you provide to substantiate your answer? Do you think these may change in importance during your lifetime? Why or why not?What role does managerial economics play in shaping business decisions?What is meant by the economic environment?
- What is their favorite new product or service (new in the last year or so), what product do they think has most changed our lives as a society in the last year or so? How do you think this product has changed or will change consumer behavior?what would be the most important skills needed for anyone to be able to cope with future change and disruption in the business world?List an example opportunity and threat for a business in each category. Please be as specific as possible. Political factors Economic factors Sociocultural factors Technological factors Environmental factors Legal factors
- How many examples can you provide showing how Life is good defies the common social criticisms of marketing?Do you think working solely to maximize your (or your company’s) economic outcome at all costs ethical? Why or why not?What impact does the "graying of America" have on business in terms of their product or service offerings? What products and/or services might be negatively -or positively- affected by this demographic shift?