Current Market Conditions for Apple’s MacBook: Product and Service
Current Market Conditions for Apple’s MacBook: Product and Service
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You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products.
Research an organization and a product produced by that organization in which an analysis can be conducted.
Write a 1,750-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.
*Cite a minimum of three peer-reviewed sources