In This Assignment, You Will Reflect On What You Have Learne
In This Assignment You Will Reflect On What You Have Learned In This
In this assignment, you will reflect on what you have learned in this course and have an opportunity to tie together many of the concepts and apply them to a real-world company. The objectives of this assignment are to (1) gain practice applying microeconomic theory, (2) become familiar with sources of economic market information, and (3) present various economic concepts and apply them to a firm. You will answer the following questions based on a company that you have identified. It is important to pick a company that has relevant data that is easy to access. The company choice is up to you, but it is recommended to select a firm primarily focused on one industry (e.g., Ford Motor Company, Draft Kings, Starbucks) rather than a large, multi-industry conglomerate (e.g., Apple, Amazon, General Electric).
Your final submission should be an 8-12 page paper formatted using APA style. Use subheadings for each of the specified areas below to clearly organize your analysis:
Paper For Above instruction
Company Identification: Identify the company by name and location.
Primary Industry: Describe the firm's main industry, including relevant characteristics.
Customer Base: Explain the firm's primary customers (households, businesses, schools, governments, etc.).
Demand Determinants: Discuss the major determinants of demand for the firm’s primary products or services.
Price Elasticity of Demand: Analyze whether the firm faces elastic or inelastic demand for its products/services, including key factors influencing elasticity.
Market Structure: Describe the industry’s market structure, addressing its key characteristics and their relevance to the firm.
Pricing Power: Assess whether the firm has pricing power and explain why or why not.
Growth Rates: Calculate and compare the company's sales and profit growth rates over the past three years alongside those of key rivals.
Performance Analysis: Summarize the company's performance relative to competitors and provide insights based on your findings.
Ensure your paper thoroughly addresses each of these points, demonstrates critical analysis, and is free from grammatical and spelling errors.