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 organizations 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 paperincluding tables and graphs, headings, title page, and reference pageis 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:
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