Looking for information on Price and Price elasticity of demand with information on how to chart or graphic the two. This information is on the topic of Best Buy.
Prices, and Price elasticity of Demand
Analyzing the current market conditions of the organization/industry you selected during Week One. Address the following 10 current economic conditions in your analysis:
- Market structure
- Impact of new companies entering the market
- Prices
- Technology
- Productivity (consider the law of diminishing marginal productivity)
- Operational Cost structure
- Price elasticity of demand
- Competitors
- Supply and demand analysis
- Impact of government regulations