However, our focus is to make a distinction between price competition and nonprice competition. Also customers will be asked to rate our customer service, cleanness of the store, and the quality of the sandwiches. All firms can increase the volume of goods or services sold by….
Are there other ways to minimize costs for the product? The more sandwiches sold the higher variable cost are. Each option requires you to apply economic principles presented in Weeks One through Three. What information do you need to determine this? Write a 1, to 1,word business proposal for your chosen good or service.
What is your suggested mix of pricing and nonpricing strategies? Include rationale for the following questions: Economics - General Economics This week, you may choose from two different assignment options. In addition, when large quantities are sold discounts are given to customers who follow with lower per unit for the revenue.
How could you use the concepts of marginal cost and marginal revenue to maximize profit? Variable costs include raw materials, shortage, commissions, and labor.
At Subway both strategies will be use to compete with competitors. Our business proposal consists of supplementing visitors and staff-related retail Subway food services at Singing River Hospital and is not created to substitute for patient meals.
Can you create or increase barriers to entry? Without this information it will recommended that an accountant is hired at a salary of 45, per year. At the same time reduce service cost, achieve ideal production levels, and add revenue to Subway at Singing River Hospital.
Include assumptions about the elasticity of demand and the market structure for the good or service. This will benefit the food …show more content… In this case the profit maximizing quantity is 60 sandwiches. This is the limit before the marginal profit becomes negative.
Format your business proposal consistent with APA guidelines. August 11, Dr. Following this, nonprice competition focus on differ strategies to increase the market share.
Also we will do a survey with customers from ages 13 to Home Depot Service Select a new good or service for an existing business or a business that you want to develop.
How will you increase revenue? Without this information, how would you make a decision? Identifying appropriate strategies for products and services is the most important decision a business can make Nagle, Price competition involves discounting the price of an n product to increase consumer demand.
Also computer equipment and accountant programs will be needed. Following this further, healthy low fat menu choices will be offered to patients on restricted diets. Complete course guide available here - http:Free Essay: Business Proposal ECO/ Economics August 11, Dr.
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Revise their Week 3 Research Analysis for Business Signature Assignment based on economic analysis and the feedback provided by their. View Essay - Business Proposal ECO from ECO at University of Phoenix.
1 Business Proposal ECO/ May 18, Instructor: Mathewos Kassa 2 Business Proposal By applying the economic competitors are not small business owners or individuals. The demand home. Week 5 Motivation Plan.
ECO Week 4 Individual Assignment, Business Proposal Learning Team Reflection Discussion Questions 1, 2, 3 and 4 Quiz 4 (10 Questions and Answers) ECO Week 3 Learning Team Reflection Discussion Questions 1, 2, 3 and 4 Quiz 3 (23 Questions and Answers) SBE Week 4 Course Project - Draft of Plan to Date.
ECO Week 2 Individual Market Equilibration Process Paper Equilibration is the process of moving between two equilibrium points as a result of some change in supply or demand.
Understanding how market equilibrium is sought following such a change is essential for business managers.Download