Sunday, January 26, 2014

Select a new, realistic good or service for an existing industry

Select a new, realistic good or service for an existing industry. Develop a proposal based on that new good or service. This must be something new, or something that is new to a firm.
The first paragraph of the proposal must state what the proposal is, what the key points of the proposal are, and how you will develop the proposal itself within the body of the paper. The final paragraph must be a conclusion section that restates the key themes of your proposal, and most importantly, reinforces your case for why the proposal should be adopted.
Write the economic analysis section of a business proposal - here you are applying the course concepts as they relate to the item you propose in the first paragraph of the proposal document. This will include statements about the market structure and the elasticity of demand for the good or service, based on text book principles. You need to create hypothetical data, based on similar real world products to estimate fixed and variable costs.
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