UOP ECO365 Week 3 Assignment Latest
ECO365 Principles of Microeconomics
Week 3 Assignment
Current Market Conditions Competitive Analysis
Option #1 – General Motors – Word Count: 2,216 words!
Option #2 – Apple, Inc. – Word Count: 1,619 words!
Option #3 – Apple, Inc. – Word Count: 2,232 words!
Option #4 – Coca Cola – Word Count: 1,778 words!
Option #5 – Starbucks – Word Count: 2,004 words!
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.
Select your organization and a product produced by that organization from IndustryWeek.
Write a 2,100-word analysis of the current market conditions facing your product, making sure that 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.
Use a minimum of 3 peer-reviewed sources from the University Library.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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