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Analyzing and Creating Products and Services

Analyzing and Creating Products and Services. Unit 2 Activity 8. Create a product or service. Break up into groups You are a representative of a private sector Create a good or service that you feel there is a need for. Answer the following questions about your product.

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Analyzing and Creating Products and Services

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  1. Analyzing and Creating Products and Services Unit 2 Activity 8

  2. Create a product or service • Break up into groups • You are a representative of a private sector • Create a good or service that you feel there is a need for

  3. Answer the following questions about your product • What makes our product or service desirable • What affects our pricing • How do we use advertising • How are we affected by competition • Summary Statement: Factors affecting production and allocation if goods and services in Louisiana and the United States

  4. Present your Product/Service • Present your idea to the class

  5. Relationships with other institutions • Describe the following institutions that make up economic systems and the possible relationship they would have with your business • Banks • Government Agencies • Large Companies • Other Small Businesses

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