1. Professor Porter talks about the abundance of problems that exist in the world—what problems do you see that exist within your specific community?
What kind of business could you create that might help solve these problems?
Why and how would this business help? Explain.

When marietta chooses to only purchase a combination of goods that lie within her budget line, she: is decreasing utility. is maximizing utility. likely has negative savings. must reduce the quantity?

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.