How the firm can manage its future production

Reference no: EM13813348

Prompt: Submit a draft of the Costs of Production (Section IV), Overall Market (Section V), and Recommendation (Section VI) of your research paper, including all critical elements listed below. You will review your firm's financial reports and other relevant data sources to collect and analyze cost information for your firm over the past five or so years. Using real data and the economic tools developed in Module Four, you will analyze your firm's profitability and how costs impact its growth. Additionally, you will find data on your firm's competitors in order to detail your firm's place within the market currently and over the past five or so years. Lastly, you will develop a recommendation for how the firm can manage its future production.

Specifically the following critical elements must be addressed:

Examine the costs of production for your firm.

a) Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm's profitability.

b) Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm's level of output.

Explore the overall market for your firm.

a) Discuss the market share of the firm and its top competitors by providing details on current percentages for each firm and describing the trend over time. You might consider presenting the data graphically.

b) Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm's future in the market.

c) Describe the market structure for this firm and analyze how this affects the firm's ability to influence the market.

Recommendation

a) Develop a recommendation for how the firm can manage its future production by synthesizing the data presented.

b) Suggest how the firm's position within the market and among its competitors will allow it to take your recommended action.

c) Describe how the firm can sustain its success going forward by evaluating the findings from demand trends and price elasticity.

Reference no: EM13813348

Questions Cloud

What is the stated purpose of the technologies : What is the stated purpose of the technologies

Write an evaluation paper about the movie avatar : Write an evaluation paper about the movie Avatar 2009.

Describe political philosophy : Describe political philosophy, or describe what you believe to be the most serious problem facing American government today.

Describe how harrahs treats customer data : Describe how Harrah's treats customer data. What is customer lifetime value? Do you think this is an easier metric to calculate at Caesars or Wal-Mart? Why?

How the firm can manage its future production : How the firm can manage its future production by synthesizing the data presented - Suggest how the firm's position within the market and among its competitors will allow it to take your recommended action.

Question regarding the competitive business practices : The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective? If so, why? If not, why not? Be sure to provide evidence to support your position one w..

How to use jump statements in register : Assume for each part of this problem that the EAX register contains 00 00 00 4F and the doubleword referenced by value contains FF FF FF 38. Determine whether each of the conditional jump statements causes a jump to dest. #1 cmp eax, 04fh je dest ..

Barrier that you believe is typical : Suggest one (1) barrier that you believe is typical within many project environments, and propose a resolution. Support your response with one (1) real-world example

Sources and forms of power : Sources and forms of power

User Account

All Pages