Question
Using Fortune 500 and the information and question given below, write a 4 page report. You should address the following points in the report: 1)Brief
Using Fortune 500 and the information and question given below, write a 4 page report.
You should address the following points in the report:
- 1)Brief introduction of the company,
- 2) Analysis of their current economic situation,
- 3) Your thoughts about the company's economic situation, and
- 4) Recommendations (How will economics affect this company in the next 5 years?).
- 5)You need to explain the Market structure in which this company operates and the economic situation in this market (i.e. Is the company operating in a Perfectly Competitive, Monopolistically Competitive, Oligopoly, or Monopoly market structure?)
- How does this market structure affect the operation of the company?
As a guide, you should take at least 5 topics from the list below or other concepts discussed in the textbook:
- What are the most important resources the company needs and how will scarcity affect the future of the company?
- What specializations and or comparative advantages or disadvantages does this company have based on its competitors?
- How might the Elasticity of Demand and Supply impact this company's operations? (Chapter 6)
- How might the Demand and Supply impact in this company's operations? (Chapter 3)
- How does Consumer Choice affect this company? (Chapter 7)
- How does the Cost and Output Determination (Chapter 9) impact this company and their outcomes?
- Discuss any other economic aspect you believe will improve the knowledge about this company.
The report should be no longer than 4 pages, including graphics. However, you will lose marks if the paper is much shorter than 3.5 pages in length. The structure of the report should be as follows: - Introduction; - Analysis (this is where you explain your five economic concepts) and - Conclusion (this is where you should make some recommendations based on the five economic concepts you analyzed in the previous section. Should they continue or change?).
PAY ATTENTION TO REFERENCING OTHER PEOPLE'S WORK.
You need to give credit where credit is due. What information and analysis came from others? And what analysis or words are yours?
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