How will pricing relate to elasticity of your product

Assignment Help Business Management

Reference no: EM13793662

Select a new, realistic good or service for an existing industry.

Write the economic analysis section of a business proposal. This will include statements about the market structure and the elasticity of demand for the good or service, based on text book principles. You need to create hypothetical data, based on similar real world products to estimate fixed and variable costs.

Required Elements:

Identify market structure

Identify elasticity of the product

Include rationale for the following questions:

How will pricing relate to elasticity of your product?

How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?

Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?

How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?

Reference no: EM13793662

Questions Cloud

Effective purchases for produce, protein and whole grains : What are some cost effective purchases for produce, protein and whole grains? Then review the following websites.

How innovation and strategy can be harvested : Prepare an 15-slide PowerPoint presentation on how innovation and strategy can be harvested within the organization using the concepts of organizational development.

Process-driven quality requirement : Process and Customer drivenWhat is unique about a process-driven quality requirement. What are some of the unique elements of implementing customer-driven quality requirements as opposed to process-driven quality requirements

Issues related to living in a healthy community : What can be done to improve and promote the health of the Davis family as well as the community?

How will pricing relate to elasticity of your product : How will pricing relate to elasticity of your product - How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?

What are some main function of the change management : What are some main function of the change management

Describe what munger means by mental models : Describe at least one example from your own experience where your perspective or experience provided a mode of thought that brought new light to a discussion or a tough decision.

Explain alternative pattern for subordinates and peers : One of your classmates pointed out that we sometimes use that alternative pattern for SUBORDINATES and PEERS as well. You may choose to create your example based on writing.

Problems based on nutrition and weight study : Describe two biomedical methods (tertiary prevention) of dealing with the health problem (i.e., downstream methods).

User Account

All Pages