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Analyze any comparative advantages and international trade opportunities.

Purpose of Assignment 

Students will develop cost curves on which firm behavior is based and  will utilize these cost curves to determine the behavior of their  chosen organization in the market served. 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. Students will determine various factors that could  affect their organization’s total revenue and will recommend actions the  firm could use to maximize their profit and their presence in the  market served. 

Assignment Steps 

Scenario: 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 from the University Library.
 
Format your paper consistent with APA guidelines. 

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