I-need-help-with-ECO-561-Week-Three-Assignment-Two
Do you find it challenging to create a well-crafted and comprehensive paper? Are you feeling overwhelmed by the considerable time and effort required to create an excellent piece? If you’re in search of the best online paper writing service to support your academic needs, search no more. Our proficient team of professional writers, renowned for delivering top-notch papers, backed by outstanding reviews for our writing services, is here to assist you.
Eliteresearchpapers.com ensure the utmost quality of our work, ensuring that each paper we provide is entirely unique. Every paper is written from scratch, meticulously examined for any signs of plagiarism, and edited to meet the most rigorous standards. Furthermore, we employ advanced software tools to detect any instances of plagiarism or errors in your paper prior to its delivery.
Research Analysis for Business
oDue Aug 07, 6:00 PM (PST)
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper NowoNot Submitted
oPOINTS 10
- Practice/Simulation/Homework/Game
- no new messages
Objectives:
- 1.2
- 2.1
- 2.2
- more
Purpose of Assignment
The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence firms’ decisions. Firms use economic concepts, models, and other “tools” of economics to help determine pricing, output, and profit maximization. As an MBA student of economics, you can apply the “tools” of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share.
Assignment Steps
Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.
Scenario: Imagine you are a business consultant to a firm of your choice. You have been asked to analyze, advise, and create recommendations on how the firm can ensure its future success in its current market.
Work with your instructor to choose a firm that matches the following criteria: a publicly-traded company operating in the U.S. market. Note: A publicly-traded company is a private-sector firm owned by its shareholders/stock holders.
Prepare a minimum 1,050-word analysis of economic data and business data to explain how the core economic principles impact the sustainability of the firm and what actions the firm can take to ensure success.
Address the following:
Identify the market structure your chosen firm operates in, analyze your chosen firm’s current market share, and identify the firm’s local/global competitors. Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market. Hints: Be sure you review the barriers to entry discussed in the course text. You might consider presenting the data graphically.
Identify and explain trends in current macroeconomic indicators for last three years including:
oCurrent stage of the business cycle.
oReal gross domestic product (GDP).
oInflation as measured by the consumer price index (CPI).
oUnemployment rate.
oFederal funds rate.
oCurrent rate for borrowing funds such as the so-called “prime rate.” Note: A requirement of the Week 1 Influence of Economics on Household Decision Making report was to gather data on the CPI, GDP, and interest rates, so you should consider reviewing the feedback you received on the Week 1 report.
Evaluate trends in demand over last three years and explain their impact on the industry and the firm. Include quarterly (last two quarters) and annual sales (last three years) figures for the product your firm sells. Create business strategies by analyzing information and data related to the demand for and supply of your firm’s product(s) to support your recommendation for the firm’s actions. Remember to include a graphical representation of the data and information used in your analysis.
Examine available, current data and information, such as pricing and the availability of substitutes, and explain how you could determine the price elasticity of demand for your firm’s product. Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth.
Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output.
Based on the data gathered and analysis performed for this report write a conclusion in which you:
oCreate business strategies, including price and non-price strategies, based on your market structure to ensure the market share and potential market expansions and explore global opportunities for your business in a dynamic business environment and provide recommendations.
oDevelop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented.
oPropose how the firm’s position within the market and among its competitors will allow it to take your recommended action.
oRecommend strategies for the firm to sustain its success going forward by evaluating the findings from demand trends, price elasticity, current stage of the business cycle, and government policies.
Cite a minimum of three peer-reviewed references and a minimum of two government economic data sources/references.
Format your assignment consistent with APA guidelines. Algebra”, “J.D Salinger”,