Apple incorporation, assignment help

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Funzhry06

Economics

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Purpose of Assignment The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence firms' decisions. Firms use economic concepts, models, and other "tools" of economics to help determine pricing, output, and profit maximization. As an MBA student of economics, you can apply the "tools" of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share. Assignment Steps Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Scenario: Imagine you are a business consultant to a firm of your choice. You have been asked to analyze, advise, and create recommendations on how the firm can ensure its future success in its current market. Work with your instructor to choose a firm that matches the following criteria: a publicly-traded company operating in the U.S. market. Note: A publicly-traded company is a private-sector firm owned by its shareholders/stock holders. Prepare a minimum 1,050-word analysis of economic data and business data to explain how the core economic principles impact the sustainability of the firm and what actions the firm can take to ensure success. Address the following: • • • • Identify the market structure your chosen firm operates in, analyze your chosen firm's current market share, and identify the firm's local/global competitors. Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm's future in the market. Hints: Be sure you review the barriers to entry discussed in the course text. You might consider presenting the data graphically. Identify and explain trends in current macroeconomic indicators for last three years including: o Current stage of the business cycle. o Real gross domestic product (GDP). o Inflation as measured by the consumer price index (CPI). o Unemployment rate. o Federal funds rate. o Current rate for borrowing funds such as the so-called "prime rate." Note: A requirement of the Week 1 Influence of Economics on Household Decision Making report was to gather data on the CPI, GDP, and interest rates, so you should consider reviewing the feedback you received on the Week 1 report. Evaluate trends in demand over last three years and explain their impact on the industry and the firm. Include quarterly (last two quarters) and annual sales (last three years) figures for the product your firm sells. Create business strategies by analyzing information and data related to the demand for and supply of your firm's product(s) to support your recommendation for the firm's actions. Remember to include a graphical representation of the data and information used in your analysis. Examine available, current data and information, such as pricing and the availability of substitutes, and explain how you could determine the price elasticity of demand for your • • firm's product. Assess how the price elasticity of demand impacts the firm's pricing decisions and revenue growth. Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm's level of output. Based on the data gathered and analysis performed for this report write a conclusion in which you: o Create business strategies, including price and non-price strategies, based on your market structure to ensure the market share and potential market expansions and explore global opportunities for your business in a dynamic business environment and provide recommendations. o Develop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented. o Propose how the firm's position within the market and among its competitors will allow it to take your recommended action. o Recommend strategies for the firm to sustain its success going forward by evaluating the findings from demand trends, price elasticity, current stage of the business cycle, and government policies. Cite a minimum of three peer-reviewed references and a minimum of two government economic data sources/references. Format your assignment consistent with APA guidelines.
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Running head: APPLE INCORPORATION

Apple incorporation
Name
Institution
Date

APPLE INCORPORATION
Introduction
Apple Inc. is a worldwide American company that produces cell phones, computer
software, consumer electronic products and personal computers. The commonly known products
of the Apple include: the iPhone, the iPod, the iPad and the Macintosh line of computers ("Apple
Inc. | American company", 2017). Approximately 301 retail supplies in 10 nations are operated
by Apple in August 2010. The Apple software is found on the Mac OS X operating system, Final
Cut Studio, iWork suite of productivity software, Logic Studio which is a music production
tool’s suite, iOS; a mobile operating system, the iLife suite of multimedia, the iTunes media
browser and creativity software, the Aperture; which is a professional photography package,
AirPlay, Airprint, etc. Apple Company was established on the 1stApril, 1976 by co-founders
Steve Jobs and Steve Wozniak in California. It was first named Apple Computer Inc. for 30
years and later on January 9, 2007, the word “Computer” was removed.

The market structure
Apple Inc. can be considered to stand in two different market structures such as the
oligopoly and the monopolistic competition. Oligopoly market is a form of market structure that
is controlled by few competitors who are referred to as the oligopolists (Tey, Tey, & profile, 2017).
Companies in the oligopoly market usually maintain position in such a market since it very costly
and difficult to enter into such a market. The Apple Inc. is oligopoly in smartphones operating
systems’ firms. There exist three operating systems which are very competitive in the market. They
include the iOS owned by the Apple Inc., windows phone which is owned by the Microsoft and
the Android which is owned by the Google. These three are the very most competitive operating
systems globally and they keep improving their features so as to dominate their competitors and

APPLE INCORPORATION
they form the oligopoly type of market. In addition, the Apple Inc. lies in the monopolistic
competition market in the branded computers. In monopolistic market, there is no competitors thus
the Apple’s iMac and the Macbook are considered to be monopolistic competition.
Market share
The overall market share of the Apple Inc.in United States signifies the percentage of the
sales of the Apple’s devices in only the U.S. Market. For instance, the iPhone 7 and the iPhone 7
plus hit the ground running. The iPhone sales represented a percentage of 40.5% of the smartphone
sales in three months up to a notable 7% points years over a period of one year from 33.5%.
Market competitors

The Apple Inc. offers a range of products as well as services worldwide. This makes the
company face fierce competition in different industries which range from the personal ...


Anonymous
I was having a hard time with this subject, and this was a great help.

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