Selectyour organization and a product produced by that organization fromIndustry Week.
Write an analysis of the current market conditions facing your
product, making sure that you address the following topics:
- Define the type of market in
which your selected product will compete, along with an analysis of
competitors and customers. - Analyze any comparative
advantages and international trade opportunities. - Explain the factors that will
affect demand, supply, and prices of that product. - Examine factors that will
affect Total Revenue, including but not limited to: - Price elasticity of demand
- Factors that influence
productivity - Various measures of costs,
including opportunity costs - Externalities and government public
policy and their effect on marginal revenue and marginal cost - Recommend how your organization
can maximize their profit-making potential and increase their presence
within the market served by the product.
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