1. Analyzing and Creating Products and Services Unit 2 Activity 8

2. Create a product or service Break up into groups  You are a representative of a private sector  Create a good or service that you feel there is a need for

3. Answer the following questions about your product What makes our product or service desirable What affects our pricing How do we use advertising How are we affected by competition Summary Statement: Factors affecting production and allocation if goods and services in Louisiana and the United States

4. Present your Product/Service Present your idea to the class

5. Relationships with other institutions Describe the following institutions that make up economic systems and the possible relationship they would have with your business  Banks  Government Agencies  Large Companies  Other Small Businesses