Discussion Questions

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Module 2 Discussion A: Prices and Price ChangesModule 2 Discussion A: Prices and Price Changes
Discussion Questions:
Initial Post:

Choose a product that you purchase frequently. (Hint: this could be a good or a service.)
Has the price of this product changed in the past 12 months? If so, describe this price change–has the price increased or decreased? Be specific in your answer.
Using the information on supply and demand from the readings in this module, what determinant of supply or of demand caused this price change to occur. (For example, did any of the following occur: a change in production costs, a change in consumer preferences, a change in the price of related goods, etc.?)

For your Feedback to two (2) Classmates:

Review all classmates’ posts, and choose two to comment on. Try to select classmates who do not yet have feedback so that everyone receives feedback.
In your response to each classmate, please answer the following questions:
Comment on the student’s product example in their post.
Are there any substitute goods or services to the product that your classmate identified?
If the answer to the previous question is yes, then address the following question. If you were a business manager, and not a consumer of the product, what factors would you need to consider in order to prevent consumers from substituting a cheaper/less expensive alternative for your product?
Note: Be sure to refer to the Discussion Board General Information – Requirements and Guidelines (posted in Module 1 Activities and Assessments folder) to guide your discussion responses.

Module 2 Discussion B: Impact of Price Changes on Firm Operations

Discussion Questions:

Initial Post:

Choose a company to use for this discussion. The company can be a U.S. firm, or a firm from any country that is easily researchable using Internet search engines. You may use the same company that you have used in previous discussions, or you may choose a different company.
Identify the name of the firm, and provide a brief description of the goods and/or services that the firm produces.
Describe one price that the firm encounters that has changed in the past 12 months. This price could be for the firm’s products, raw materials, distribution, labor, or other business operation costs.
Remember from this module’s readings that a price change is an signal of a change in a market force (a change in supply or in demand), the occurrence of a market event, in the availability of various resources, etc.
What potential signal is this price change indicating:
To the firm and its managers?
To the firm’s customers?
To the firm’s competitors? (Hint: there may be only 1 or 2 signals!)
For your Feedback to two (2) Classmates:

Review all classmates’ posts, and choose two to comment on. Try to select classmates who do not yet have feedback so that everyone receives feedback.
In your response to each classmate, please answer the following questions:
How should a manager in the company identified (in your classmate’s post) plan for changes in pricing to forecast necessary operations adjustments related to pricing? Provide three (3) examples of this.
Which of the three examples is most feasible for a manager to use in forecasting operations adjustments associated with anticipated changes?
Note: Be sure to refer to the Discussion Board General Information – Requirements and Guidelines (posted in Module 1 Activities and Assessments folder) to guide your discussion responses.

*Review grading rubric for these discussions

I will add who to respond to from Discussion A and B towards the deadline

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