Assignment 1Case Study: Is Coca Cola the “Perfect” Business? Step 1: Read the attached Case Study and refer back to it to respond to the questions listed below: One of the most important skills to learn in managerial economics is the ability to identify a good business. Discuss at least four characteristics of a good business. Identify and talk about at least four companies that you regard as having the characteristics listed here. 2.Lesson Objectives: Identify factors that change supply and demand for products. Explain how changes in the Supply and Demand affect prices and quantities produced. Supply and Demand Presentation (Links to an external site.) Scenario: As a consumer, if you have background knowledge of events that can affect product demand, you will be able to act on those expectations to protect yourself against price fluctuations. For example, if you read a news report that the supply of beef is expected to fall and you know that may signal higher prices soon, you could buy additional quantities of beef now, at lower prices and freeze it fof future use.