Please be sure to provide information in all of the spaces provided below. When answering the Homework questions, please provide thorough, well-reasoned responses. Short answers will likely not result in high scores.
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1. During an economic downturn, what will likely happen to our consumption of services?
2. Try to take an inventory of how much money you spend each week for services, including dining out. How much money could you save if you were to do all of these things for yourself?
3. Identify five social/cultural factors that have contributed to the sharp increase in services in the US.
4. Identify three types of service businesses that, to your knowledge, do not yet exist. What need(s) do these fulfill that are not currently being met?
