Economic+Factors


 * **Expansion-** in the middle sales and profit, little more than needed employees, set the lowest prices
 *  **Peak-** max sales and profit, more than needed employees, lower prices to accomadate with inceasing profit
 * **Contraction-** less sales, minimal profit, fewer employees, leaves prices the same
 * **Trough-** lesser sales, profit at a low standstill, only needed employees, increase prices due to low sales

-Our product is an economic want, a bumper sticker is not needed to survive just merely something to show who you are.

-To produce our product we would need to use paper.

-One of our needed capital goods is a printer.

-For labor we would hire workers. -If we chose to limit the number of products that we made and offered them for sale we would have to sell them for more because we would still have to pay the same amount of money for bills and to pay our employees. -If you decided to change your production levels for the next year, and chose to make a large number of products and offer them for sale we would be able to sell our product for less money because we have more than enough to meet our budget. -If another company saw that you were having success and decided to begin making a very similar product the demand would go down because we would have to share our customers with the other business and in turn we would be forced to sell our product for a higher price.

-Some of our online competitors would be Print Globe who also sells custom bumper stickers as low as $0.27 and Build-a-Sign sells them for $1.00.