Oct 03, 2017 term paper 2


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Homework You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products.


Select your organization and a product produced by that organization from


(I picked Hormel foods inc.)


Write a 2,100-word analysis of the current market conditions facing your product, making sure that you address the following topics:


·         Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.


·         Analyze any comparative advantages and 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


·         Externalities and government public policy and their effect on marginal revenue and marginal cost


·         Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product.


Use a minimum of 3 peer-reviewed sources.


Format your paper consistent with APA guidelines.

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