Assignment:
- In chapter one, business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs. In what ways is Warby Parker satisfying the needs of its customers?
- Given that Warby Parker’s original idea was to sell online to minimize distribution costs and keep prices low, they now have opened 50 stores in 22 U.S. states. Do you agree with its more recent decision to open traditional retail stores?
- After completing question 2 look at the history of Warby Parker and then read the article “Warby Parker Has Big Growth Plans….” (https://www.cnbc.com/2022/02/21/warby-parker-plans-to-take-on-glasses-giant-essilorluxottica.html). Write a short paragraph (5-6 sentences or more) on how the mission at Warby Parker has changed over time. (What was the mission in the beginning? What is it now?) What impact does new information have on your response to question 2?