Apple Competitive Analysis Of Phone As Compared To Other Smartphones

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Using the concept of comparative advantage, students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand, supply and prices. Determine various factors that could affect their Apple’s total revenue and recommend actions the firm could use to maximize their profit and their presence in the market served.
Assignment Steps
You have been given the responsibility of working with Apple’s CEO to do a competitive market analysis of the IPhone X potential success.
Research Apple and the new IPhone X.
Write a 1,100-word analysis of the current market conditions facing your product, making sure 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.
Format your paper consistent with APA guidelines.