I Have submitted part one and received a 63... I am confused now... I have attached the photos of my initial submission and feedback.

The goal is to learn about a company and the industry in which it operates.In Part I, you will demonstrate your knowledge of a particular product's supply and demand characteristics.In Part II, you will demonstrate your knowledge of the various market structures.

Part I

Pick a company that produces a good or service.Choose a company that:

-Interests you.Consider companies for which you might want to work or where a family or friend works.This can be a local, national, or international company.

-Is not too diversified.For example, Philip Morris would be a bad choice because they are really several kinds of companies all operating under one name.To determine if your company is too diversified ask yourself, "In what industry does my company compete?"If you can think of more than one industry in which your company competes, then it is too diversified.

-Has been in existence for at least 10 years.

1. introduction of your company and what it produces.

2.at least four factors that could affect the demand for that good or service.Show graphically the impact of each factor on the market for the good or service.

3.at least four factors that could affect the supply of that good or service.Show graphically the impact of each factor on the market for the good or service.

For this part of the project you will

- eight graphs, four with demand shifts and four with supply shifts.Start each graph showing the market in equilibrium with a drawing like this:

-eight explaining each shift and the impact on the equilibrium price and quantity of the good or service.Be specific - why was more/less demanded?Why was more/less supplied?

Due:Monday 9/21/20.

Part Two

The next part is to brief history of the company you have chosen, describe the industry in which it operates, and describe and explain the market model that best approximates competition in this industry and why you believe this is the correct model for your industry. completely you will need to include the following:

1. brief description of your company and its history. information about the formation and evolution of the company up to today including products and product changes.

2. a brief history of competition in your industry, i.e. who the competitors were, who they are now, how the number of companies has changed, and how the methods of competing have changed over the years. You can look up "naics codes" at https://www.naics.com/search/ to find the official name for your company's industry and let Google help from there.

3.the market model that best characterizes the way competition in your industry works. See chapters 13-15 in your textbook for an explanation of the various market structures.

4.why your company and industry fit this market model. real examples to illustrate your point.

Due 11/30/20

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