Business Proposal- Economics
350 words APA Format Simple Interest: Please explain How the topic is applied (Explain/give tangible example)
August 15, 2017Complete research on both Russian and American culture as it pertains to what they feel is important, how to behave, and generally, how they might interact in intense negotiationsplease use at least 3 sources including Culture Grams.
August 15, 2017Business Proposal- Economics
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?
