How to Write a Summary of an Article?
The product will transform the printed word into audio,??? The paper will speak of profit-maximizing and increasing revenue. Marginal cost, marginal revenue, credit markets, and the unemployment rate are briefly covered. Additional sections will discuss pricing and non-pricing strategy, barriers to entry, product differentiation, and minimizing cost.
Profit-Maximizing and Increasing Revenue Profit-maximizing quantity is figured by determining if the product is considered price-elastic or in-elastic.
If demand is elastic, a decrease in price will increase total revenue. Conversely, a price increase will decrease total revenue for a product that has in-elastic demand. Bury can create a revenue curve graph as additional sales at various prices create additional data.
Bury must determine the optimal price using the formula??? Marginal Cost and Marginal Revenue??? Marginal revenue is the increase in revenue from selling one more unit of a product??? The marginal cost of an additional unit of output is the cost of the additional inputs needed to produce that output???
The marginal cost of each unit is the difference in ATC per unit.
As an easy example: Pricing and Non-Pricing Strategies Bury must find the price for his product that will prevent a substitution effect. His decision to price??? Further data can help determine if the??? Because the current business cycle is still in the???
Bury must be ready to adjust prices as the business cycles changes, or possibly decease prices if the trough continues.
Non-pricing strategy for Bury is marketing. Bury can create and maintain a web-site at minimal cost. From his website he can sell the product and perhaps offer a discount for first-time buyers.
The web-site will, via search engines, introduce his product to consumers interested in digital content. A patent is the exclusive right of an inventor to use, or to allow another to use, her or his invention???
Bury has patented his proprietary technology and can expect protection up to 20 years according to international agreement. Product Differentiation Bury must be sure to market his technology as more versatile than media currently available to the market.
His product offers the choice of reading, the old-fashioned way, or the??? A source of competitive advantage that depends on producing some item that is regarded to have unique and valuable characteristics: Development or incorporation of attributes??
Minimizing Costs Bury has discovered the greatest way to minimize costs. Additional ways to minimize cost are found through continued technological advancements and economies of scale: The reduction in long-run average and marginal costs arising from an increase in size of an operating unit a factory or plant, for example???A free business essay on the subject of good customer care - view, print and download to help you with your studies.
Tel: Good customer service is important as it’s easier and cheaper to keep existing customers happy than to keep finding new ones. Word of mouth is a powerful method of marketing and a happy customer will most likely refer. Dec 19, · A proposal essay is exactly what it sounds like: it proposes an idea and provides evidence intended to convince the reader why that idea is a good or bad one.
Although proposals are generally a significant part of business and economic transactions, they are Reviews: Existing Good or Service Business Proposal The Thomas Money Service, Inc. is a consumer finance company that has been granting loans and financing since Within the first five years the company expanded its business when it began “issuing business loans, business acquisition financing, and commercial real estate loans” (University of.
Existing Good or Service Business Proposal ECO July 4, Existing Good or Service Business Proposal This paper is based on Will Bury’s new product.
existing good or service business proposal. Use Thomas Money Service Inc. scenario to write a 1,,word business proposal to improve an existing good or service.
Include assumptions about the elasticity of demand and the market structure for the company’s good or service. The Thomas Money Service, Inc. is a consumer finance company that has been granting loans and financing since Within the first five years the company expanded its business when it began “issuing business loans, business acquisition financing, and commercial real estate loans” (University of Phoenix, , p.