Research Analysis for Business\t\u00a0\tScenario:\u00a0Imagine you are a business consultant to a\u00a0Business. You have been asked to analyze, advise, and create recommendations on how the firm can ensure its future success in its current market.\tPrepare\u00a0a minimum 1,050-word analysis of economic data and business data to explain how the core economic principles impact the sustainability of the firm and what actions the firm can take to ensure success.\tAddress\u00a0the following:\t\t\tIdentify the market structure your chosen firm operates in, analyze your chosen firm’s current market share, and identify the firm’s local\/global competitors. Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market.\u00a0Hints: Be sure you review the barriers to entry discussed in the course text. You might consider presenting the data graphically.\t\t\tIdentify and explain trends in current macroeconomic indicators for last three years including:\t\t\tCurrent stage of the business cycle.\t\t\tReal gross domestic product (GDP).\t\t\tInflation as measured by the consumer price index (CPI).\t\t\tUnemployment rate.\t\t\tFederal funds rate.\t\t\tCurrent rate for borrowing funds such as the so-called “prime rate.”\u00a0Note: A requirement of the Week 1 Influence of Economics on Household Decision Making report was to gather data on the CPI, GDP, and interest rates, so you should consider reviewing the feedback you received on the Week 1 report.\t\t\tEvaluate trends in demand over last three years and explain their impact on the industry and the firm. Include quarterly (last two quarters) and annual sales (last three years) figures for the product your firm sells. Create business strategies by analyzing information and data related to the demand for and supply of your firm’s product(s) to support your recommendation for the firm’s actions. Remember to include a graphical representation of the data and information used in your analysis.\t\t\tExamine available, current data and information, such as pricing and the availability of substitutes, and explain how you could determine the price elasticity of demand for your firm’s product. Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth.\t\t\tApply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output.\t\t\tBased on the data gathered and analysis performed for this report write a conclusion in which you:\t\t\tCreate business strategies, including price and non-price strategies, based on your market structure to ensure the market share and potential market expansions and explore global opportunities for your business in a dynamic business environment and provide recommendations.\t\t\tDevelop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented.\t\t\tPropose how the firm’s position within the market and among its competitors will allow it to take your recommended action.\t\t\tRecommend strategies for the firm to sustain its success going forward by evaluating the findings from demand trends, price elasticity, current stage of the business cycle, and government policies.\tCite\u00a0a minimum of three peer-reviewed references and a minimum of two government economic data sources\/references.\tFormat\u00a0your assignment consistent with APA guidelines.<\/p>\n","protected":false},"excerpt":{"rendered":"
Research Analysis for Business \u00a0 Scenario:\u00a0Imagine you are a business consultant to a\u00a0Business. You have been asked to analyze, advise, and create recommendations on how the firm can ensure its future success in its current market. Prepare\u00a0a minimum 1,050-word analysis Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210825","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210825"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210825\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}