Personal Finance Essay

Assignment 8: The Business World
(24.0 points) 1. Choose a good that you are familiar with, such as a t-shirt, a tennis racket, a cupcake, a pair of sunglasses, or any other good. Be sure to choose something specific. Then, analyze its economic utility, using the questions below. a. Describe the good you chose to analyze. (1 sentence. 0.5 points)
I chose a tennis racket.
b. Describe the form utility of this good. Is the form utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) The form is utility is excellent. To make it better increase the grip so it won’t slip out of people’s hands. And strengthen the strings so they won’t break.
c. Describe the place utility of this good. Is the place utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) The place utility is so excellent. It also can be anywhere other sport stuff is sold.
I can improve it but commercials.

d. Describe the time utility of this good. Is the time utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) The utility is good. This is because you play tennis during anytime of the year so therefore you can’t prove it.

e. Describe the possession utility of this good. Is the possession utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) The possession utility is good because any place can replace the strings and it’s easy to take care of. And it would be good to let the customer string it themselves.

f. Describe the information utility of this good. Is the information utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) 2. List at least one activity that a company might do during each of the following stages of business: a. Identify (0.5 points) b. Plan (0.5 points)