Write a 1,400 – 1,750-word paper analyzing the current market conditions. Address the following topics:
• A short history of the organization and a description of their product.
• Factors that affect demand, supply, and equilibrium prices in the market in which the competitor organization operates: Define the market for your chosen product, including an analysis of its competitors, potential customers, or potential buyers.
• Any issues or opportunities your organization or industry faces that affect its competitiveness and long-term profitability with regards to your product: This may include, but is not limited, to the following elements.
o Price elasticity of demand
o Technological innovation
o The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity
o Cost structure.
• Factors affecting variable costs, including productivity and others that change the supply of and demand for labor.
• Factors affecting fixed costs.
Make recommendations on how your organization can maximize their profit-making potential, and successfully compete in the new market. Consider the effect your recommendations may have on marginal revenues and costs.
Answer will be sent by email as attachment.
