Current Market Conditions Competitive Analysis, economics homework help

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Current Market Conditions Competitive Analysis 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: o Price elasticity of demand o Factors that influence productivity o Various measures of costs, including opportunity costs o 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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Running header: Current Market Conditions

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Current Market Conditions
Name
Institution

Current Market Conditions

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Current Market Conditions Competitive Analysis
Apple Inc. is a multinational organization that deals with manufacturing electronic gadgets, with
its central station being in California and many branches spread everywhere throughout the
world. Apple Inc. produces and markets some electronics some of which include: advanced
music players, PCs, media gadgets, for example, cameras, mobile communication devices, TVs,
just to say a couple. In this paper, we are breaking down the aggressive market of iPhone which
is a result of Apple Inc. (Dubovik and Janssen, 2012). The iPhone is a blend of cell phone
applications, iPod, and a wireless internet. The iPhone it is made of 3-4 inch touch screen which
can be controlled by more than one finger to supplant the keyboard utilized as a part of the
control of other phones.
iPhone vs. Other Smartphones
iPhone will contend in an oligopolistic market, which is a market having a modest bunch maker
of an item whose items overwhelms the market, however, don't have the capacity or energy to
choose the costs of their products in the market. In this market, iPhone, created by Apple Inc.
will compete with other distinctive cell phone creating organizations in the market. However,
there exist two noteworthy organizations on the planet that offer incredible rivalry to iPhone and
consistently create and add new elements to their items to exceed each other and overwhelm the
market. These organizations are Microsoft which produces Windows telephones and Google
which creates Android telephones (Galloway et al, 2013). The three organizations are the most
focused cell phone manufacturing groups in the entire world with a market that traverses the
whole world.

Current Market Conditions

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iPhone has found a way to remain on top of its rivals in the market from 2012, where its market
expanded to 48.1% assuming androids 46.7 pieces of the pie in the United States alone after it
introduced iPhone 5 into the market, whose demand turned out to be so huge, because of its
unprecedented components. That it encountered supply requirements, regardless it figured out
how to capture the market when androids Samsung Galaxy 3 which was released amid that year
and was similarly demanded highly (Dubovik and Janssen, 2012). Apple Inc. has additionally
figured out how to remain on top of its competitors because of the connections it has made with
organizations which have turned out to be loyal clients of the association because of their
brilliant customer relations and nature of their products.
Research demonstrates that of each phone obtained by workers in various associations, 87
million are Android telephones while 37milliion is Apple a sign that Android telephones have
developed higher demand in the work zones when contrasted with iPhone despite the fact that
more iPhone provided to the market than Android telephones. Along these lines for Apple Inc. t...


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