Explain the factors that will affect demand of a product


Assignment:

You [this is an Individual Assignment] have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products.

Select your organization and a product produced by that organization from IndustryWeek.

Write a 1,750-word 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

Solution Preview :

Prepared by a verified Expert
Other Management: Explain the factors that will affect demand of a product
Reference No:- TGS01804339

Now Priced at $40 (50% Discount)

Recommended (97%)

Rated (4.9/5)

2015 ©TutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.