Select your organization and a product produced by that organization from IndustryWeek
I’m thinking Nike Inc, shoes
Write a 2,000-word analysis of the current market conditions facing your product. Introduce what you are going to write about,write about it and then in the conclusion highlight a few specifics from the body of your paper. Use the following topics to formulate the headings within the paper:
- Describe the product.
- Describe the market stucture in which your selected product will compete, along with an analysis of competitors and customers.
- Differentiate between comparative advantages and absolute advantage and then use the terms.
- Are there 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
- Government public policy and/or regulations
- Marginal analysis
- Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.