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Before completing this graded discussion. You should have full understanding of the concepts below, if you don't please use the textbook and review them first.

Before completing this graded discussion. You should have full understanding of the concepts below, if you don't please use the textbook and review them first.

  • Target Market, Branding, Advertising, Entrepreneurial ability, Specialization, Comparative Advantage, Market Power, Monopolistic Competition, Oligopolies, Perfect Competition, Monopolies

Instructionsand Steps:

1. View the following 3 TED Talks (video presentations). As you watch the videos, take notes of any relevant information.

    • Building Brand Hysteria | Johnny "Cupcakes" Earle
    • How I discovered the black art of cult branding | Rob Howard
    • Start with why | Simon Sinek

2. Decide which of the 3 TED Talks best responds to this question;

Brandinginvolves creating and communicatinga unique image and theme for a product in the consumers' mind. Does successfulbranding increase Market Power?

3. Produce a response (post) of at least one paragraph in which you explain your position. Your post must be detailed and contain at least the following elements:

    • It must state the title and the author of the chosenTED talk.
    • It must state the reason why believe that TED talk best answers the question.
    • It must explicitly explain the relationship, connection, or link between the ideas provided in the TED Talk and the concept of Entrepreneurial Ability or Entrepreneurship.

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