Intro to Business Economic Analysis
Option 1- Skateboard Maker: Economic Analysis
You are a maker and skilled skateboarder. You are somewhat known in South Florida for your great skateboarding tricks and have 500 followers on Instagram.
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You used 3-D printing technology to design a skateboard with a supplemental electric motor for skating uphill. You have been showing prototypes of your skateboard at the new skatepark in Miami and put up a website where people can order customized skateboards. A rich uncle/angel investor gave you $200,000 to start production in a Hialeah warehouse, and to hire some employees.
The City of Miami is considering not allowing electric powered skateboards at their skatepark due to health and safety concerns.
Answer the following in 3-5 paragraphs or alternative short video/infographic format.
- What are your factors of production?
- How can you promote your business?
- What environmental factors affect your business and which ones can you address?
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