Tish Cirovolo Realized That There Were No Guitars on the Market

question 45

Multiple Choice

Tish Cirovolo realized that there were no guitars on the market made specifically for women. As a result, she started Daisy Rock Guitars, a company that makes guitars just for women. Daisy Rock Guitars are stylish and come in feminine colors, and incorporate design features that accommodate a woman's smaller hand and build. The best way to describe how Cirovolo's business idea was recognized is ________.

• A) brainstorming
• B) talking to consumers
• C) reading industry reports
• D) observing trends
• E) finding a gap in the marketplace

Examine the role of government policies, including the Trade Adjustment Assistance Act, in addressing the impacts of globalization.

Analyze the effects of globalization on job markets and the practice of offshoring.

Apply supply and demand analysis to international trade scenarios.

Discuss the benefits of free trade for the world economy and identify major trade barriers.

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Definitions:

Pairwise Majority Voting

A voting system where each option is matched against every other option in separate votes, and the one winning the most matches is chosen.

Single Peaked

A term used to describe preferences or utility functions that increase to a highest point (the peak) and then decrease, indicating a clear optimal choice or outcome.

Voting Cycles

Repeated patterns of preference changes among voters or decision-makers, leading to inconsistencies in collective decisions.

Pure Private Good

A type of good that is both excludable and rival in consumption, meaning access to the good can be limited, and one person's use of the good diminishes its availability for others.