Question

School band members need to raise money for new uniforms. Some members want to sell energy drinks at a football game to raise funds, but others want to organize a car wash in the school parking lot.
Based on the concept of scarcity, which thought should drive members' decision-making process to determine how to fundraise?

Where will unsold energy drinks be stored?
Is there enough consumer demand for a car wash?
Will the concession stand be open during the big game?
Are there enough volunteers to work a car wash?

Answer 1

Answer: Based on the concept of scarcity, they should be concerned about the amount of energy they have to sell and the supplies to clean the cars.

Q:Where will unsold energy drinks be stored?

A: They should consider the amount of space they currently have. If there is not enough room they can be consumed or thrown away if they go bad.

Q: Is there enough consumer demand for a car wash?

A: Make sure that people in your area actually NEED a carwash. There would be no need to have one if nobody would pay for one.

Q: Will the concession stand be open during the big game?

A: Chances are you will have competitors during your sale. Make sure your prices are reasonable and that you have something the attract people to your business.

Q: Are there enough volunteers to work a car wash?

A: Make sure everyone is in agreement of the plan. If nobody wants to do anything nothing will get done and nobody wins.

Answer 2

D. Are there enough volunteers to work a car wash?