Purpose of Assignment
Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand supply and prices. Students will determine various factors that could affect their organization’s total revenue and will recommend actions the firm could use to maximize their profit and their presence in the market served.
Assignment Steps
Scenario: You 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.
Research an organization and a product produced by that organization in which an analysis can be conducted.
Write a 1750-word analysis of the current market conditions facing your product making sure you address the following topics:
Cite a minimum of three peer-reviewed sources from the University Library.
Format your paper consistent with APA guidelines.