What are your suggested nonpricing strategies

Assignment Help Business Economics
Reference no: EM131148815

Individual Assignment Business Proposals Paper

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 structure
Identify elasticity of the product
Include 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 words

Your proposal is consistent with APA guidelines.

Reference no: EM131148815

Questions Cloud

Discuss challenges of creating an effective pricing strategy : Discuss the challenges of creating an effective pricing strategy and the ways those challenges may be addressed. Provide specific examples to support your response.
Find the net working capital for the years ending 2010 : Construct a balance sheet for 2010 and 2011 b. List all the working capital accounts c. Find the net working capital for the years ending 2010 and 2011
How can firms and markets increase wealth of poor countries : How can firms and markets increase the wealth of poor countries? Be sure to address each question in the problem. You may include a discussion of some of the Ten Principles of Economics in your paper.
Successful or unsuccessful marketing practice : By examining the various research, including your text, the web, and the Keiser library, how is marketing perceived in both business and the general population? In your answer, give examples of what marketing is currently believed to be and its impor..
What are your suggested nonpricing strategies : Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
What is the optimal order quantity : Suppose that MW Inc. has a production rate of 450,000 units per year, and a daily demand of 1500 units on each working day (assume 250 working days per year). They estimate that is costs $140 to setup for each production run, and the holding cost per..
Organisational behaviour concepts and human resource process : Explain the strategic relationship between organisational behaviour concepts and human resource processes.
Misconceptions about psychological disorders : For centuries, people have believed myths and misconceptions about psychological disorders and the people who suffer from them. Modern psychological research has allowed us to correct some of these misconceptions
What is the economic order quantity for whatchamacallit : Your monthly demand for the Whatchamacallit is 20,000 units. You estimate that your fixed ordering cost is $450 and the annual holding cost percentage is 15%. You sell each Whatchamacallit for $80, and your profit margin is $50 per unit. If you have ..

Reviews

Write a Review

Business Economics Questions & Answers

  Equal semi-annual cash flow in the equivalent series

A series of quarterly cash flows began with the first cash flow on April 1,1990 and ends with the last cash flow on January 1,2000. The first quarterly cash flow is equal to $24,000. Each successive cash flow increases $850. The series of quarterly c..

  Show how the imposition of a tax on either the buyers

Assume that there are two categories of goods: protein shakes and all other products. A. Show using diagrams how a consumer's demand curve for protein shakes can be derived from an indifference map and a budget constraint diagram. Make sure you expla..

  Converse briefly its relationship to microeconomics

Converse briefly its relationship to microeconomics also other related fields of study such as finance, marketplace also statistics.

  Analyze trends and forecast direction of business cycle

What part of the business cycle is the U. S. economy currently in? Evaluate your answer using three economic indicators. Analyze the trends and forecast the direction of the business cycle in the next six months using your economic indicators.

  The effort costs of the stall holders

Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach, which is five miles long. CC estimates that on an average day there are 1,000 sunbathers evenly spread along the beach and that each sunbather wi..

  How much of a product to buy

How should a monopsonist decide how much of a product to buy? Will it buy more or less than a competitive buyer? Explain briefly.

  Benefits also costs to the us economy of labor migration

Illustrate what are the benefits also costs to the US economy of labor migration (illegal also legal) into the United States from Mexico.

  Absolute value of the own price elasticity of demand

When the absolute value of the own price elasticity of demand is zero, demand is:

  Payoff table for game when mixer type uses mixed strategy

Recall from Exercise Ul the population of animals fighting over a food source worth 200 calories. Assume that, as in part (b) of that exercise, the cost of a fight is 150 calories per fighter. Assume also that a third phenotype exists in the populati..

  New crop that would replace corn as the primary feedstock

Switch grass was promised to be the new crop that would replace corn as the primary feedstock for bio-fuels a couple of years ago. Why have we still not switched to switch grass.

  Find the long-run equilibrium price in the market

Assume a perfectly competitive industry. Each firm in the industry faces a long-run total cost such that LTC=14000q−80q2+q3 and LMC=14000−160q+3q2. Find the long-run quantity produced by each firm. Find the long-run equilibrium price in the market.

  How effective has this form of intervention been

Explain how incomplete information can cause market failure. Give at least one example of this type of market failure and explain how government intervention has been used to correct the problem. How effective has this form of intervention been? Use ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd