Economic Trends
1.
"Baby boomers are refusing to leave the workforce"
2. a) Source: https://nypost.com/2018/06/04/baby-boomers-are-refusing-to-leave-the-workforce/
b) An opportunity exists, because baby boomers are continuing to work, which is decreasing the number of new opportunities available for the incoming workforce. In addition, some employees over the age of 65 are working and receiving Medicare. This is an economic problem for the next generation.
c) The prototypical customers are people in their early 20s who are looking for full-time jobs.
d) The opportunity is relatively hard to exploit, because no one can stop the baby boomers from working. People have become healthier, which may be the reason baby boomers continue to work. Financial difficulties could also be a cause of longer employment. They will not stop working until they feel they have enough income to retire.
3. I saw this opportunity because I am an upcoming graduate and am interested in the trends of the workforce. My career opportunities may be limited as a result of the baby boomers continuing to work.
1.
"US house prices are going to rise at twice the speed of inflation and pay: Reuters pool"
2. a) Source: https://www.cnbc.com/2018/06/06/us-house-prices-are-going-to-rise-at-twice-the-speed-of-inflation-and-pay-reuters-poll.html
b) An opportunity exists, because house prices are projected to raise 4.3% in 2019 and 3.6% in 2020. As a result of house prices rising faster than income, people who are looking to buy a house may have to wait longer. The number of houses on the market is also dropping from 5.60 million to 5.46 millions, which will cause the price to increase.
c) The prototypical customers are people who are looking to purchase a house. It also will be difficult for homeowners looking to sell their houses.
d) The opportunity is relatively hard to exploit, because there are many factors that affect housing prices, including supply and demand, interest rates, and economic growth.
3. I saw this opportunity because I will be looking for housing after I graduate. I am concerned with the housing prices rising, because it will affect what size apartment/house I can afford.
Regulatory Changes
1.
New ammunition regulation
2. a) Source: https://www.govtrack.us/congress/bills/116/hr686
b) An opportunity exists, because stores that sell ammunition will no longer be able to provide their product online. The bill requires ammunition to be purchased in store. Additionally, ammunition dealers will need to have a license and any large purchases of the produce will need to be reported. This will cease online sales of ammunition, which will ultimately hinder the store's profit.
c) If the bill passes the prototypical customer would be any online or brick and mortar store that sells ammunition over the Internet. Their customers would have to come into the store to purchase the product, which may decrease sales.
d) The opportunity is relatively easy to exploit. Stores will have to take down online products. Previous transactions can be easily found on the computer after the sale has occurred, which will help with finding any bulk purchases of ammunition.
3. I saw this opportunity because gun rights is a very prevalent topic in today's society. This bill will possibly minimize the number of ammunition purchase, which is necessary for a gun. I think it is interested and may be beneficial to report any large purchases of ammunition.
1.
New requirements for managing unused pharmaceuticals
2. a) Source: https://www.healthcarelawtoday.com/2019/01/09/medication-or-hazardous-waste-epa-creates-significant-new-requirements-for-managing-unused-pharmaceuticals/
b) An opportunity exists, because any unused pharmaceutical products that come from a heath care facility to a distributors will be considered waste and will have to go through a series of tests to confirm the product is not hazardous. New training programs will need to be established to teach the health care facility staff how to register the product with U.S EPA, if hazardous. Health care facilities are no longer allowed to flush hazardous medications down the toilet. U.S EPA's classification on products are considered solid waste has been changed. For example, the new regulation has classified specific products as not hazardous waste, including FDA approved nicotine substitutions.
c) The prototypical customers are pharmacies, health care providers, and pharmaceutical distributors. The regulation has created new mandatory training programs and the time it takes to evaluate unused pharmaceutical products has increased.
d) The opportunity is relatively hard to exploit, because all health care facilities will now have to comply with the new regulation. Training will be time consuming and will use many resources.
3. I saw this opportunity because I use to be very interested in pharmaceuticals. In high school I wanted to be a pharmacist, so the new regulation caught my eye.