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ECO 561 Week 4 Business Proposal




Question;ECO/561 Week 4 Business Proposal;You will apply economic principles;presented in Weeks One through Three in this week's assignment. Your assignment;will be reviewed by your peers and by your facilitator in week five and should;be revised as necessary based on feedback as the first part of the final;assignment in week six.;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 structureIdentify elasticity of the productInclude 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?No more than 1400 wordsYour proposal is consistent with APA guidelinesClick the Assignment Files tab to submit your assignment.


Paper#55338 | Written in 18-Jul-2015

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