1 1 MBA-5010-Week-1-Assignment.(Rev 2)1 11 The weekly-assignments are intended to be completed-individually-It-is-important-in-an-online program that-you pay-careful-attention-to-when-it-is-and-is-not-appropriate to-work-with peers.-- Misunderstanding-can-have-significant consequences.--By-submitting this assignment,-you-are-attesting. that you completed-this-work-without-assistance from another current-or-former-student-of-this-class. Exceptions can be made for-tutors, but-only-with-prior consent-from-your-instructor. 1 1 Your answer will be evaluated based-on-correctness, completeness, and clarity.-Be-attentive to your writing -You-have-until-midnight-CST-Sunday-to-submit-both-parts of this assignment-1 11 Part-A-25-points) For each of the following-resources, name-at least two-(hypothetical) competing-potential-uses-for-that- resource.--Then-describe-how-the-market process-determines-to-which use the resource-will-eventually be allocated. 1 EXAMPLE: An abandoned-school-building in a recently revitalized-city-neighborhood. 1 1 Use-1: One-possible-use of this abandoned property-could-be-a-new-apartment-development-that- includes-a-roof-top-garden. I Use-2: One-possible-use of this abandoned property-could-be-an-office-building. 1 1 The market-process-determine-which-resources-will-be-allocated-based-on-the-demand-for-new- apartments-in-this-particular-city-location-If-there-aren't-many-apartment-developments-near-by, but-a- growing population that desires-city-fiving, then this may be the best-use-ofthe property.-If-new- businesses are seeking-to-locate in this property and have enough-employees-to-fill the space; -and-if- economically-feasible, then-the-business may be the best-use-of-this-resource.-In-this-scenario, the city provides tax-incentives-and-loans-for-the-apartment-developer, and-a-recent population survey indicates- that-single-dwelling-units-are-in-short-supply---50-the-market-will-allocate-the-resource-to-the-apartment- development. 1 1 Question 1-A-parcel of vacant-land-located at the intersection of two-streets-used-heavily-by- commuters Respond-here Question-2-A-semi-tractor and trailer-owned by a private-trucker Respond-here1 Question 3-A-web-designer with particular-expertise-business-web-development Respond-here 11 Question 4-Fitness-Fanatic-is-a-startup-fitness center located-in- Louisville-Kentucky. Its-innovative-model-of-combining-social- networking, exclusive branded-apparel, and an invitation-only-fitness center-has-led-to-substantial-revenue growth.-Describe how-Fitness- Fanatic-exemplifies the "opportunity-seeking"-dimension-of-value creation 11 1 Respond-here 11 Question-5-Integrated-Freight-utilizes artificial-intelligence-to-route freight-across multiple-carriers and modalities (e.g.-train-versus-truck).-The result is that Integrated- Freight is able to reduce-long-distance freight-costs-by an average-20%.-Describe how Integrated-Freight exemplifies the "efficiency seeking" dimension of value creation. 1 11 Respond-here