Briefly describe the details of the fictitious business

Assignment Help Managerial Economics

Reference no: EM13241899

This assignment allows you to determine the specific details about this fictitious company in order to conduct an environmental scan of this company.

Write a three to four (3-4) page paper in which you:

1. Briefly describe the details of the fictitious business that you created for this assignment.

2. Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and management's decision to continue or discontinue operations. Provide a rationale for your determination.

3. Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions.

4. Recommend how the company can improve its profitability to deliver more value to its stakeholders. Then, develop a brief plan to implement the recommendations.

5. Assess the circumstances in which the company should discontinue operations and how management should react when confronted with these circumstances. Provide a rationale with your response.

6. Use at least three (3) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements: • Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are:
Assess how managerial economics is used in business decision making.
Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.
Apply the concepts of supply and demand to determine the impact of changes in market conditions in the short run and long run, and the economic impact on a company's operations.
Use technology and information resources to research issues in managerial economics and globalization.
Write clearly and concisely about managerial economics and globalization using proper writing mechanics.

Reference no: EM13241899

Questions Cloud

How does value vary for large purchase versus a smaller one : explain the points in the process where the vendor has an opportunity to add value, be sure to answer the following questions, how does value vary for a large purchase versus a smaller one, does adding value cost money

What is the slope of the linear regression line : Calculate the mean yearly value using the average gas prices by month found in the Final Project Data Set. What is the slope of the linear regression line and what is the Y-intercept of the linear regression line

What is the work done on the ball by air resistance : A basketball player makes a jump shot. The 0.650-kg ball is released at a height of 1.90 m above the floor with a speed of 7.17 m/s, What is the work done on the ball by air resistance, a nonconservative force

State the sybolic representation for the galvanic cell : write the sybolic representation for the galvanic cell. what would "standard conditions" for this galvanic cell be? If the cell is at standard conditions, determine the cell potential(E cell).

Briefly describe the details of the fictitious business : Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on pl

Calculate the total work done by friction and air resistance : If the skier is moving at 13 m/s at the bottom of the trail, calculate the total work done by friction and air resistance during the run

Two important policy goals of the government and the fed : Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that al..

Define the temperature of the solution is maintained : 1.0 M acid and two pt electrodes connected to a voltmeter. You then add 10.00 ml of 1.00 M Fe^+2 solution to the beaker. The temperature of the solution is maintained at 25 C.(R= 8.314 coulomb V/(mol K), F= 9.64853 x 10^4 coulomb/mol)

When the allocatively efficent output level is produced : Apply the formula for the area of a triangle (Area= 1/2 x Base x Height ). What is the dollar value of the total surplus ( producer surplus plus consumer surplus) when the allocatively efficent output level is produced

User Account

All Pages