1. Describe the risks Jan Ooms faces when having his roses delivered from Quito, Equador to New York.
2. What specialized techniques allow the roses to bloom at the required time of sale?
3. What is Ooms' final cost per rose?
4. Explain how the market price of a bouquet of roses settles $80/bouquet on Valentine's Day.
5. What surprised you most about this podcast? Think of another product that faces the same kind of price swings (prices rise or fall a couple days within the year). How does this represent the market at work?https://www.npr.org/transcripts/386005044