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Factors that will affect demand and prices of product

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Reference no: EM131895534

Question: 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 1,750-word analysis of the current market conditions facing your product, making sure 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.

Cite a minimum of three peer-reviewed sources from the University Library.

Format your paper consistent with APA guidelines.

Reference no: EM131895534

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