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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the organization's ability to earn an economic profit over time and evaluate the effectiveness of the organization's competitive strategies.
Select an industry. Identify an organization in that industry.
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives.
Describe the level of competition the organization will face if under each of the following market structures:
Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the effectiveness of these strategies in the market structure you identified.
Make recommendations related to the strategies the organization might consider to maximize its profits.
1. provide a description of the company that you work for. as part of your description include a discussion of the type
Obtain and process information
What does our product or service do better than anyone else and how is our business model different from that of our competition? How could our product or service be different and what market category or niche is not being served by our industry?
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Read this required article for the assignment: "What You Don't Know About Apple". Discuss if Apple will continue its path to be the frontrunner in revolutionizing the digital marketplace
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