ECO 561\/ ECO 561 Week 4 Individual Assignment Business Proposals Paper<\/p>\n
ECO\/561 Week 4 Business Proposal<\/p>\n
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.<\/p>\n
Select a new, realistic good or service for an existing industry.<\/p>\n
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.<\/p>\n
Required Elements:<\/p>\n
\u2022Identify market structure<\/p>\n
\u2022Identify elasticity of the product<\/p>\n
\u2022Include rationale for the following questions:<\/p>\n
oHow will pricing relate to elasticity of your product?<\/p>\n
oHow will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?<\/p>\n
oBesides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?<\/p>\n
oHow could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?<\/p>\n
\u2022No more than 1400 words<\/p>\n
\u2022Your proposal is consistent with APA guidelines<\/p>\n
Click the Assignment Files tab to submit your assignment.<\/p>\n","protected":false},"excerpt":{"rendered":"
ECO 561\/ ECO 561 Week 4 Individual Assignment Business Proposals Paper ECO\/561 Week 4 Business Proposal 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 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-71185","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/71185","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=71185"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/71185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=71185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=71185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=71185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}