6 Audio Included Garbage Cans
Debbie is president of a company that
produces garbage cans. The company has
developed a new type of garbage can that is
animal proof, and Debbie wants to use the
demand function to help set a price. She surveys
ten retailers to get an approximation of how many
garbage cans would be demanded at each price,
and creates a table.
Quantity
Demanded By
Wholesale Retailers (in
Price ($) (p) hundreds) (q)
13.00
744
13.50
690
14.00
630
14.50
554
15.00
511
15.50
456
16.00
400
16.50
300
17.00
207
17.50
113

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)