Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose a large U.S. company; Research the company and the market(s) in which it competes; and Prepare a six page paper for your client, not

  1. Choose a large U.S. company;
  2. Research the company and the market(s) in which it competes; and
  3. Prepare a six page paper for your client, not including the title page and reference page.

  • Describe the firm, including such information as its
    • products or services
    • annual sales, and
    • market share (This information is readily available in the library's IBIS World database).
  • Describe the product market(s) in which it operates.
    • For instance, does it operate within an oligopoly or monopolistically competitive market, a perfectly competitive market, or is it a monopoly? (Choose the closest fit.)
    • Explain.
  • Does it operate in only one region of the United States? Does it operate nationally or internationally? Explain.
  • Who are its competitors?
    • Give a brief overview of the other businesses in the market.
  • Identify and explain at least 2 economic concepts that this firm seems to use to its advantage.
    • Examples might include product differentiation; attainment of economies of scale; advertising; whether the firm is regional, national, or international; and so on.
  • You may include an explanation of how any significant recent events or changes in this market have affected this firm. Examples are mergers and acquisitions, technological change, legal issues, whether market demand is expanding, and so on.
  • Provide your evaluation of how this firm might better respond to the challenges it faces.
  • Please include an explanation of how any significant recent events or changes in this market have affected this firm. Examples are mergers and acquisitions, technological change, legal issues, whether market demand is expanding, and so on.
  • Provide your evaluation of how this firm might better respond to the challenges it faces.

For your paper:

  • Utilize at least 2 credible sources to support the arguments presented in the paper. Make sure you cite appropriately within your paper and list the reference(s) in APA format on your Reference page.
  • Your paper should be 6 pages in length, not counting the Title page and Reference page. In accordance with APA formatting requirements, it should be double-spaced and include a running head and page numbers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics and Business Strategy

Authors: Michael R. baye

7th Edition

978-0073375960, 71267441, 73375969, 978-0071267441

More Books

Students also viewed these Economics questions