Explain the basic supply and demand aspects

Assignment Help Other Subject

Reference no: EM133847167

Project Scenario
You are an economist for the Vanda-Laye Corporation, which produces and distributes outdoor cooking supplies. The company has come under new ownership and management and will be undergoing changes in its product lines and operating structure. As an economist, your responsibilities include examining the market factors that affect success or failure of a product, including the supply and demand for the product, market conditions, and the behavior of competitors with similar products. Get quick and affordable assignment help now!

Your supervisor, Jorge, has assigned you the task of evaluating a new product. The new product, oven mittens, has several competitors in the marketplace, but your company will be using a new patented material that provides protection from heat and maintains a great deal of flexibility.

Tasks:

Question 1: Analyze the goals of the company. What is an operating structure and how can changes affect a company?

Question 2: Evaluate what information is needed to assess the market factors that will make this product a success of failure.

Question 3: Explain the basic supply and demand aspects that will make the product a success or failure.

Reference no: EM133847167

Questions Cloud

Business sector and the not-for-profit business sector : Identify two similarities and two differences between the for-profit business sector and the not-for-profit business sector

Evaluate what information is needed to assess the company : Evaluate what information is needed to assess the company's cost and revenue relationship. What does this information tell you about the company

Discuss how these variables can affect the demand : Discuss how these variables can affect the demand for your product or industry and what methods could be used to estimate the effect of these variables

Discuss the psychological disorders : Please discuss your reactions to four - five of the "Psychological Disorders" videos (i.e., obsessive-compulsive disorder, hoarding disorder, anorexia nervosa).

Explain the basic supply and demand aspects : Analyze the goals of the company. What is an operating structure and how can changes affect a company?

How has the spending behavior of the government sector : How has the spending behavior of the government sector changed over the past decade, and what effect had these changes had on the economy?

How strong was the correlation between the variables : Comment on the sample, its suitability, selection and size. How strong was the correlation between the variables

Perhaps need to be modified and tested again : What main measures, statistics, or parameters etc., are to be estimated or calculated using the method; how does it measures or calculates these measures

How can a teachers thoughts on assessments change : How can a teachers thoughts on assessments change? How would they plan to strategically and intentionally use effective assessment practices in a classroom?

User Account

All Pages