Assignment 6: Identifying Opportunities in Economic & Regulatory Trends

Economic Trends

• United States GDP Growth Rate Increasing

1. Economic Outlook
2. The fact that the GDP is increasing cause me to believe that it creates opportunities for people that want to start their own business. The increase of the GDP means that the country is being more productive economically. Which hopefully would lead to more opportunities for people to create their own businesses.
3. Anyone who has ambition to create or start up their own business would be a customer to this opportunity.
4. I would say considering that it is such a broad opportunity that it would be very easy for people to exploit.
5. I think other people may not look realize this opportunity because they don't understand that the GDP Growth Rate has to do with the market value of all goods and services in a country.

• Introduction of UltraFico Scores

1. Fico.com
2. I believe that the introduction of the UltraFico will create opportunities for people because this credit score takes into account responsible spending and saving habits. The opportunity that is create allows people to be rewarded for good behavior when it comes to spending money.
3. Every customer has the possibility to use the UltraFico scoring, but it would only be useful for people who are responsible with their money.
4. I would consider that this opportunity would be very easy to exploit do that fact that it is open to everyone who is interested in it.
5. People are always trying to work on creating helper spending habits this product allows for this opportunity along with the fact that credit scores are important when people are trying to work with anything that involves large sums of money.

Regulatory Trends

• Legalization of Marijuana

1. On the news 
2. The opportunity that is being created is for the government with taxation. If marijuana is legalized it allows the government to tax it and that would at to the government revenue.
3. The customer base could be anyone from the everyday user of marijuana to someone who just wants to try the product once.
4. I would say that it would be something that could be easily exploited in the future, but as of the moment with it being very limited and controlled it is not easy to exploit.
5. It might not be something people look at because we are taught that it is a drug that is dangerous despite scientific research saying otherwise.

• Increasing the Age to buy Tobacco

1. WUFT .org
2. The opportunity that is created is for health. The limiting of the access to tobacco might help prevent people from getting addicted to the substance.
3. The customers that are benefiting from this are younger people. 18 can be a very stressful and impressionable time for people.
4. I am not sure about the exploitation of this opportunity. I know that people who really want to smoke will find away around this no matter what, but for people that don't have people to help them get product like this it would be good from them.
5. Tobacco is a very addictive substance that cause have horrible side effect on ones health. Due to the fact that tobacco is so readily available it is sometimes hard to remember this, especially when so many people smoke it.