This exercise is to illustrate that the basic external market analytical models can be applied not only to s& p500 companies but also to a variety of social and economic activities. for example, this chapter discusses the drug-dealing business. you can apply the two analytical models (pest and porter's 5 forces) to analyzing this industry. similar analyses can be run on the story featured in the tv series breaking bad, the wire, or on terrorist activities if you have enough information on them. read the chapter 3 of freakonomics carefully, and answer the following questions. 1. based on your reading of the case, what is the biggest threat to jt's business model? 2. what you would do if you were jt to mitigate that threat?

1: b     the use of non-standard grammar

2: c     strong and willful.

its correct i took the test have a nice day: )

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know