Business Proposal
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:
o
How will pricing
relate to elasticity of your product?
o
How will changes
in the quantity supplied as a result of your pricing decisions affect marginal
cost and marginal revenue?
o
Besides your
pricing decisions, what are your suggested nonpricing strategies? What
nonpricing strategies will you use to increase barriers to entry?
o
How could
changes in your business operations alter the mix of fixed and variable costs
in line with your strategy?
·
No more than
1400 words
·
Your proposal is
consistent with APA guidelines
Click the
Assignment Files tab to submit your assignment.
