How organization can maximize profit-making potential

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Reference no: EM13818922

Imagine you are part of a strategic planning group at  Apple considering developing a new IPhone. The marketing director has asked your team to do a competitive market analysis to determine the product's potential success. The analysis will focus on your primary competitor (Samsung Galaxy) in the product's market.

Write a 500-700  word paper analyzing the current market conditions. Address the following topics:

  • Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.
    • Price elasticity of demand
    • Technological innovation
    • The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity
    • Cost structure
    • Make recommendations on how your organization can maximize their profit-making potential, and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs.

Reference no: EM13818922

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