Current Market Conditions Competitive Analysis

Current Market Conditions Competitive Analysis Paper details: ***Use this book as one of the sources for the economics part Principles of Microeconomics, 7TH Edition by N. Gregory Mankiw.*** ***Two other sources MUST be PEER-TO-PEER review and I must be able to access the articles at the University*** ***the analysis MUST be write at a PHD level and a Top Writer*** You have been given the responsibility of working with your organization's CEO to do a competitive market analysis of the potential success of one of their existing products. Select your organization and a product produced by that organization from IndustryWeek. ***Use APPLE and whatever product Apple sells. Use some of the information available at http://www.industryweek.com/resources/iw50best/2015 Write a 2,100-word analysis of the current market conditions facing your product, making sure that you address the following topics: Define the type of market in which your selected product will compete, along with an analysis of competitors and customers. Analyze any comparative advantages and international trade opportunities. Explain the factors that will affect demand, supply, and prices of that product. Examine factors that will affect Total Revenue, including but not limited to: Price elasticity of demand Factors that influence productivity Various measures of costs, including opportunity costs Externalities and government public policy and their effect on marginal revenue and marginal cost Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product. Use a minimum of 3 peer-reviewed sources from the University Individual Assignment: Current Market Conditions Competitive Analysis Purpose of Assignment Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage, students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand, supply and prices. Students will determine various factors that could affect their organization’s total revenue and will recommend actions the firm could use to maximize their profit and their presence in the market served. Resources Required http://www.industryweek.com/resources/iw50best/2015 Grading Guide Content Met Partially Met Not Met Comments: Student selects an organization and product from website specified in the assignment. Student defines the type of markets their selected product will compete in along with an analysis of competitors and customers. Student analyzes any comparative advantages and international trade opportunities. Student explains the factors that will affect demand, supply and prices of their product choice. Student examines factors that will affect Total Revenue including but not limited to price elasticity of demand and factors that influence productivity, various measures of costs, including opportunity costs, externalities and government public policy and their effect on marginal revenue and marginal cost. Student recommends how their organization can maximize their profit making potential and increase their presence within the market served by the product. The paper is 2,100 words in length. Total Available Total Earned 14 #/X Writing Guidelines Met Partially Met Not Met Comments: The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Total Available Total Earned 6 #/X Assignment Total # 20 #/X Additional comments: