Need economics help with Current Market Conditions Competitive Analysis (1400-1750 words)

/in /by

Imagine you are part of a strategic planning group at a large corporation that is considering developing a new proposed product. 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 in the product’s market. You should consider organizations that have a global presence.

Select a potential competitive organization and a product in that organization.

Write a 1,400- to 1,750-word paper analyzing the current market conditions. Address the following topics:

  • A short history of the organization and a description of their product
  • Factors that affect demand, supply, and prices in the market in which the competitor organization operates
  • Define the market for your chosen product, including an analysis of its competitors, and customers.
  • Any issues or opportunities your organization 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
  • Factors affecting variable costs, including productivity and others that change the supply of and demand for labor
  • Factors affecting fixed costs

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.

Use a minimum of 3 peer reviewed sources.

Format your paper consistent with APA guidelines, late or plagiarized work will not receive payment.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.