This is in response to
the (2) Discussion Questions you responded to a few days ago
Disc 1 (Bounded
Rationality)
Well thought out
respond. “I would not due this since the error only represents the changes
in the prices of the stock. These changes do not reflect the value of the
company. As a result of this, the error will not have any effect in the
future welfare of the company. If the economy will be down at that time,
then the stock prices will also be low. This in turn might result in me
making huge loss.” What do you believe this connection is to marketing and
our customers?
Disc 2 (The
Competitive Environment at the Industry Level)
Let’s look at your
choice, “In my opinion, coming up with a gasoline station is the most
attractive business opportunity. This is because it seems to be very
stable as there is no interference with the prices of the gasoline
products.” I see many gas stations going out of business……so is it
that stable? We will most probably always have the need for gasoline but what
about our competitors and the many choices? What does that factor play in the
big picture?
