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ECO 365 Week 3 Current Market Conditions Competitive Analysis

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ECO 365 Week 3 Current Market Conditions Competitive Analysis 

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ECO 365 Week 3 Current Market Conditions Competitive Analysis

 

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.

ECO 365 Week 3 Current Market Conditions Competitive Analysis https://uopcourses.com/category/eco-365/ ECO 365 Week 3 Current Market Conditions Competitive Analysis You have been given the responsibility of working with your organization&rsquo
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