Assignment 6A

Economic Opportunities:

Opportunity 1: Create some type of meal replacement pill for cheap
A) https://www.thebalance.com/top-usa-future-economic-trends-3305666
This website led me to believe an opportunity exists

B) This information leads me to believe that an opportunity exists because it mentions that the world climate is rising and that when temperatures rise the yield of corn and soybeans decreases, therefore causing the price to dramatically rise. So if there was a cheap meal replacement, people could purchase that instead of spending money on high food prices.

C) The customer that would most likely purchase this would be people on the more poor side of the economic spectrum. I say this because those in poverty already have trouble purchasing healthy food options and if prices rise even more it won't be good.

D) This opportunity would be relatively difficult to exploit because people enjoy eating food, so they wouldn't necessarily be attracted to a meal replacement pill. Also there may already be something similar to this in the market.

I saw this opportunity because I have actually thought about this idea before because I thought not having to eat would save me a lot of time and I could be more productive during the day. So that is why even though others see the same information, I came up with the opportunity and not them.

Opportunity 2: Start a manufacturing plant in the U.S
A)  https://www.thebalance.com/top-usa-future-economic-trends-3305666
This website led me to believe that this opportunity exists

B) This information leads me to believe an opportunity exists because it states that trade wars are likely to continue and I know that the U.S is currently in a trade war with China. The U.S also imports a lot of products made in China so if the trade war worsens, we potentially could have a deficit of a lot of products.

C) The customer that would most likely use this opportunity is any customer in the U.S that currently uses or buys products made in China.

D) This opportunity wouldn't be that hard to exploit because if the trade war were to worsen, then people would buy the products manufactured by me. The only difficulty is that I'm not exactly sure what I should produce in my plant.

I'm honestly not sure why no one else would potentially see this opportunity. Maybe because the U.S has moved to more of a service economy than a manufacturing one.

Regulatory Opportunities:

Opportunity 1: Buy a bunch of electronic nicotine devices and sell them after October 1st
A) I found out about this opportunity because I know that after October 1st, the laws in Alachua county state that you will need to be 21 years of age to purchase nicotine.

B) I believe this is an opportunity, because I believe a majority of electronic nicotine device sales comes from those under the age of 21. So I believe after October 1st, sales will drastically drop for those who sell electronic nicotine devices, and in order to cover those losses, they will raise prices on the ones they currently sell. So I could sell the ones I already have for a slightly lower price and make a profit.

C) The prototypical customer would be those who use electronic nicotine devices.

D) This opportunity would be relatively hard to exploit, because I would have to take an initial loss and hold that loss for a while, and eventually I might not even be able to make that loss back. 

I was able to see this opportunity because I am under the age of 21, so I will be affected when this law takes effect.

Opportunity 2: Open a gardening store dedicated to lawn gardens and fruits and veggies
A) https://www.abcactionnews.com/news/state/new-florida-laws-that-go-into-effect-july-1-2019
This website shows that Florida residents are now allowed to grow fruits and and veggies in the front lawn.

B) I believe this is an opportunity because there are a lot of suburban moms and old people that are really fond of gardening, and now that you can grow fruits and veggies in your lawn, creating a store that caters to that could have some potential.

C) The prototypical customer would be whoever likes to garden/grow fruits and veggies.

D) This would be a relatively easy opportunity to exploit, because all you need to do is open up a garden store dedicated to fruits and veggies, but there is the problem of already established garden stores that have fruits and veggies already.

I was able to see this opportunity because my mom likes to garden and I think she would like a store dedicated to lawn gardening.