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# Discussion Questions 1

Determine if ITPM would be used differently depending upon the industry in which it was used. Explain your answer.
Evaluate the four risk-mitigation options and strategies. Give your opinion as to what circumstances would warrant each strategy

Discussion Question 2
“Project Costing and Business Continuity” Please respond to the following:Explain why any proposed process change requires cost estimating. In your opinion, determine whether or not cost estimating is a critical part of analyzing the feasibility of projects. Support your answer.
Assess business continuity planning (BCP) as a process that adds business value.  Explain the correlation between business value and project cost estimation as they relate to BCP. List and support three business justifications for business value outweighing the possible cost estimation when considering BCP.

## Elasticity

You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept. You call your friend, an economics professor, and ask, “What is the price elasticity of demand? What determines it? What is elastic and inelastic demand?” To really understand it, compute the following price elasticities of demand: The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. The price of a pack of cigarettes increases by 10% and there is a 5% drop in the quantity demanded. Of the above examples, which is more elastic, and which is the least elastic? Why? Answer the following questions: Why is elasticity an important concept for a business? Bridge tolls Beachfront properties Gourmet coffee Gasoline Cell phones Now that you are an expert on elasticities, what do you think would be the best time of year to raise prices, and why? What do you think the elasticities are in the flower business?

## The elasticity of the demand and margin costs

You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows:
Technology (Web design and maintenance)
\$5,000
Postage and handling
\$1,000
Miscellaneous
\$3,000
Inventory of cookbooks
\$2,000
Equipment
\$4,000
\$1,000
Part I
Deliverable Length: 1 graph plus calculations
You must give up your full-time job, which paid \$50,000 per year, and you worked part-time for half of the year.
The average retail price of the cookbooks will be \$30, and their average cost will be \$20.
Assume that the equation for demand is Q = 40,000 – 500P, where
Q = the number of cookbooks sold per month
P = the retail price of books.
Show what the demand curve would look like if you sold the books between \$25 and \$35.Address the following questions:
What is the elasticity of the demand for cookbooks bought this way?
Is the business worth pursuing so far?
Suppose that you expect to sell about 22,000 cookbooks per month online, and assume your overhead, technology, and equipment costs are fixed. What are your total costs?
What market structure have you entered, and why?
What can you do to guarantee success in this market?
What pricing strategy might you use?

## CONTRACTS FOR THE SALE OF GOODS

This is a formal paper with no word count
requirements. 100% Plagiarism free Original work.
Refer to the online UCC at http://www.law.cornell.edu/ucc/2/article2.htm
and read the “Theory to Practice” section on page 202 at the end
of Chapter 8 of the text. Using information from the text and the
wording of the online UCC sections.
*********Important –> My instructor is very strict on grammatical error, sentence structure and “citation needed” for using in-text citation.  Please PAY EXTRA ATTENTION to these details as required.   *****
Please let me know if you have any concerns/questions.  Thank you.

## Social Media and Shopping Habits

As a result, businesses are now jumping on the social media bandwagon at a rapid pace, embracing social networks to achieve their marketing and business goals.Identify one (1) of the major social media outlets and write a five to six (5-6) page paper in which you:

Discuss the four (4) components of a legally astute social media marketing manager who utilizes social media outlets for consumer transactions and how each component can mitigate the risk involved in doing business in cyberspace.
List and analyze methods of alternative dispute resolution and determine which would be most effective in resolving genuine disputes that arise with consumers who may make purchases from businesses that provide links via social media.
Since consumer transactions on social media can occur across state lines, determine how the federal government can best control these transactions.
Examine the three (3) branches of government and discuss which can effectuate the most significant impact on regulating consumer transactions via social media outlets. Support your decision.
Explain the agency relationship that exists on social media sites between the social media provider and businesses that utilize the site for advertising.
Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Describe the legal environment of business, the sources of American law, and the basis of authority for government to regulate business.
Explain basic court procedures, types of courts, and alternative dispute resolution methods.
Use technology and information resources to research issues in business law.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

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