Question 1. How does your organization go about estimating its sales? How does it estimate the demand for new products so that it can prepare a production run?
Question 2. Which is more important for your organization: a. Lower cost, quality, customer expectations, or b. Some other feature? Why?
Question 3. Is the market system the best kind of economic system for businesses to operate in? Why or why not? What role, if any, should the government play in affecting the supply and demand of a key commodity such as gasoline or electricity? Explain.