“If a company makes product donations to the school – computers for instance – then the image of a company goes up as graduate students use the company’s products.” Does such action square with a company’s objective of profit maximization? Discuss.

1. Essentially, what do you think are the changing aspects of the economics (i.e., customers, technology, and competition) of the following industries?
a. Telecommunications

b. Retail merchandising
c. Higher education
d. Airlines
2. Have you been personally involved in the making of a decision for a business concerning what, how, or for whom? If so, explain your rationale for making such decisions. Were these decisions guided by the market process, the command process, or the traditional process? Explain.
3. The following is a quote from a New York Times article: “If a company makes product donations to the school – computers for instance – then the image of a company goes up as graduate students use the company’s products.” Does such action square with a company’s objective of profit maximization? Discuss

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