Based on a business or industry which you are familiar

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Reference no: EM13690324

Answer the following questions based on a business or industry which you are familiar. You can choose a business or industry in which you are employed or a family member is employed or just an industry in which you are interested. Which type of market does this business or industry compete in? List the characteristics of the market type from the text and explain how your example fits them and where it does not. Be sure you discuss all of the market characteristics. Describe how your example firm prices it's product(s). Does it's behavior fit what would be expected based on your answer to question 1? If not, why not? Sometimes markets change over time. Do you expect that to happen in this industry? Why or why not? What changes are most likely? Provide at least 2 outside sources for information on this business or industry.

Reference no: EM13690324

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