Thursday, February 7, 2013

Question One


 Markets are currently giving people too much of a variety, making it extremely difficult to shop for just one item. For example, think of a clothing store in mall such as J.Crew. They give you a variety of about twenty-five over priced shirts, in this economy you know you can only buy one.  Eventually store such as J.Crew will not be making a profit, some might not even be breaking even. When this happens stores will be forced to close down causing a large amount of job losses and will vastly affect the market.
        I believe that this is going to happen in the very new future. It is not uncommon to here about how much the market for cars, and clothing has decreased during the years. Eventually, it will decrease to such a small amount companies will no longer be able to stay a float. For example it was only 5 years ago that GM, Ford, and Chrysler asked for a $34 million dollar bailout so they could avoid bankruptcy.  They will be forced to lay off jobs and sell items at an extremely reduced rate. This happens because we have too much to chose from. If we have a few clothing stores with different likely priced clothes the market would do better. Do you believe that giving people a smaller amount of options will make the market go up or down?

Response to Caitlyn Croasdale

After reading Caitlyn's blog about "Horse DNA in Meats" I was concerned. I agreed with her about the concern for different illnesses consumers could catch on top of the ones already recognized. Caitlyn asked towards the end if the reader believed that this company should still be allowed to produce meat anymore. My answer to that question would be no. Even if they got rid of the meat and passed health codes it would still be too much of a risk. If they were so careless before I believe that they would become careless again making the consumer open to pathogens. I also believe that food industries should not get a second chance when it comes to issues such as this. Different illnesses found in food can kill someone. If a company is careless about this hundreds of people could die without the company even realizing. 

PRODUCT (RED)


Product red is a company that has been going on for the past couple of years. It's goal is to not only spread AIDS awareness to young adults but also to raise money for current AIDS patients. Product red has signed with many different companies such as American Express, Apple, Coca-cola, and Converse. Different items that companies distribute that have the (RED) logo one them will help people from all over the world fight AIDS. This logo has become so large that people from everywhere are starting to know what it means. The marketing behind this is extremely smart. Product red signs with companies that are currently popular in the main stream. This causes many young adults to use this logo as a fashion statement as well as a form of philanthropy. Product red also makes sure people know that 100% of the proceeds go AIDS patients. Other companies who have tried something such as Product red have a difficult time admitting how much of the money is going to the actual cause. Product red also has a mission statement that makes the customer feel determined and worthy. The mission statement talks about how we need to push our generation to be an AIDS free one. It also gives statistics on how many children and adults suffer from this illness. Would you be willing to pay extra for a (PRODUCT) RED item or not? Why or why not?

http://www.joinred.com/aboutred/the-red-manifesto/