1. Is this Damien Hurst painting worth the money? 2. Could you have made it? 3. Why didn’t you? 12 minutes later…. "The Nike Air Yeezy 2 has sold out" How can you ensure high demand for a product? In a recent Harris Poll of 2,039 adults, 88 percent said they would be worried about riding in an autonomous, driverless car. Do you agree? Soon, your bed, kettle, TV, dishwasher and car will all be connected to you and your phone! How does that make you feel? You can buy 2000 followers for $5! What are the benefits? Working from home is more productive? Do you agree? Twitter valued at around $30billion. Made a loss of $511 million. How can this be? Apple Share Price since 2008 Are Apple losing their touch? Shops on average employ 47 people for every $10 million (£6 million) in sales Amazon employs only 14 people per $10 million of revenue. According to research by ILSR. Wages…WHY? Gareth Bale Footballer £300,000 a week James Smith – Heart Surgeon £300,000 a year What are the 3 factors that determine wages? Cadbury’s believe no other business can use their colour purple. WHY? Is this fair? Technology will now predict what you would write on social media sites… and do it for you! Is this a great idea? Or massively freaky? Barclays is making 1700 store employees despite profits of £2.5 BILLION! Who will be negatively affected? Who will benefit from this? Xbox V Playstation 4 Who will be victorious? • More expensive • Voice Recognition • Ability to control satellite and cable TV set top boxes • Cinematic graphics • Duel Shock controller • Focus on gaming Anyone aged 18 to 21 claiming benefits without basic English or Maths will be required to undertake training from day one or lose their entitlement. People unemployed for more than six months to be forced to start a traineeship, take work experience or do a community work placement or lose benefits. What do you think? Do you think they are worth it? • • • • • • • • • Processor: $121 Memory: $64 Hard drive: $23 Blu-ray drive $20 Power management & audio controls: $16 WiFi chip: $8 Other components & assembly: $80 Packaging and controller - $50 Retailer Mark-up - $30 Total Costs = $412 Selling Price = $399 Profit = Revenue – Cost Why would they do this? So how are they making a profit? Has Miley Cyrus gone to Number 1 in the singles and album charts because of… a) Great songs b) Shock marketing techniques