27 Oct In chapter one, business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy societys needs. In what ways is Wa

Assignment:

Note: This will be turned in into turn-it-in. Make sure work is original.

On questions 1 and 2, if you need to cite any source, you can ONLY use the book or video as a reference. On question 3, you can ONLY use the website give, book or video as a reference.

Warby Parker – Part 2

Recall from the video or read the case found at the end of chapter 1 in your e-text and answer the following questions. Answer each question in paragraph form (4-5 sentences * not including cited sources)

1. In chapter one, business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs. In what ways is Warby Parker satisfying the needs of its customers? 

2. Given that Warby Parker’s original idea was to sell online to minimize distribution costs and keep prices low, they now have opened 50 stores in 22 U.S. states. Do you agree with its more recent decision to open traditional retail stores?

3. After completing question 2 look at the history of Warby Parker and then read the article “Warby Parker Has Big Growth Plans….” ( https://www.cnbc.com/2022/02/21/warby-parker-plans-to-take-on-glasses-giant-essilorluxottica.html). Write a short paragraph (5-6 sentences or more) on how the mission at Warby Parker has changed over time. (What was the mission in the beginning? What is it now?) What impact does new information have on your response to question 2?

In order to complete this assignment, you must read Chapter 1 and watch a video. This can be found by logging into www.cengage.com. I will be giving you the login for this through message.

Where to find the book :

· Once logged in, you will see a black menu on the left side of the screen. You will click the arrow next to courses. You will then select the course that is named Section 2 Bus109..

· Click on “ Part 1”. You will then see different things under that label.

· Click on “ Chapter 01: Exploring the World of Business and Economics”. You will then see other sections appear under that.

· Click on “ Chapter 01: Exploring the World of Business and Economics – Reading”. The table of contents will appear, and you can start reading from there.

Where to find the video:

· In the same website, you will find the video. You will select the same course as mentioned above, Section 2 Bus109.

· Click on “ Part 1”. You will then see different things under that label.

· You can then see “ Part 1: Activities”, and under that you can find the “ Chapter 01: Video Quiz- Warby Parker”. You will see as completed, however, in order to watch the video, click on that title.

· You will be directed to the attempts. Click “ review” next to the attempt 1. You will then be directed to the video. Watch video.