SELECTED INDUSTRY: MOBILE

SELECTED COMPANY: APPLE

Apply the concepts of various costs to a selected industry.

Identify the various costs affecting your selected industry. Classify costs as variable or fixed.

Determine whether costs are increasing or decreasing and why.

On the production side, has this industry experienced outsourcing, mass layoffs, hiring of foreign experts, or other labor-related issues?

From a biblical perspective, how can these industries improve production practices and/or how costs are managed to improved profitability?

Apply the concepts of various costs to a specific industry.

dentify the various costs affecting your selected industry. Classify costs as variable or fixed.

Determine whether costs are increasing or decreasing and why.

On the production side, has this industry experienced outsourcing, mass layoffs, hiring of foreign experts, or other labor-related issues?

From a biblical perspective, how can these industries improve production practices and/or how costs are managed to improved profitability?

The company and industry selected, you will analyze the competitive environment in which you operate.

Identify the top competitors and discuss them.

Create table of prices across competitors for similar products/services.

Identify and justify the market structure of this industry.

Discuss how much your company (or other competitors) invests in advertising (use most recent data available)?

Discuss what Scripture has to say about the above items.