We're Open
+44 7340 9595 39
+44 20 3239 6980

Current Market Conditions Competitive Analysis

  100% Pass and No Plagiarism Guaranteed

Current Market Conditions Competitive Analysis

Imagine you are part of a strategic planning group at a large corporation that is considering developing a new product (please select a product that already exists in the market. Do not discuss a new product you would like to invent). The marketing director has asked your team to do acompetitive market analysis to determine the product’s potential success (this is why you are using a product that already exists, so you can compare with existing products). The analysis will focus on your primary competitors in the product’s market.

Select a potential competitive organization and a product in that organization. 

Write a 1,400 – 1,750-word paper of no more than analyzing the current market conditions. Address the following topics:

  • Title page in APA format (5 points related to APA)
  • Start the paper with an Introduction for the paper (what is the paper about, why is this important, list topics to be discussed)    (5 points)
  • A short history of the organization and the products/services it produces/offers. You must discuss a real company and a real product that already exist. (5 points)
  • Describe the product you have selected for this paper. You MUST select one specific product. (5 points)
  • Competition: List and discuss the main competitors offering this product/service (2.5 points). Include graphs, data, charts, tables, comparing prices for the selected product across competitors (2.5 points).
  • SUPPLY: Discuss one supply shifter that is relevant to your product). Has this factor led to a shift outward (increase) or to a shift inward (decrease) in supply overall for competitors)? (5 points)
  • DEMAND: List and define potential customers / potential buyers who do/could consume (demand) this product. Discuss one demand shifter that is relevant to your product). Has this factor led to a shift outward (increase) or to a shift inward (decrease) in demand overall for potential buyers)?  (7 points)
  • Discuss the following topics for your organization and the chosen product within the organization from the perspective of how they affect its competitiveness and long-term profitability: This MUST include TWO of the following elements (Select 2 only): (4 points per item for a total of 8 points for this subsection)
  1.  Price elasticity of demand (justify your answer. See below some comments on factors that determine elasticity. It is preferable that you include an elasticity for this product found in your research).
  2. Technological innovation (must  discuss at least one specific technology that is new and innovative in your industry)
  3. Cost structure: factors affecting variable costs, factors affecting fixed costs (these must be specific costs that relate to your industry)
  4. Advertising and promotion (you must include comparisons of how much the main competitors and your firm are spending on advertising. Discuss this, do not just show the numbers).
  5. Outsourcing production to lowest-cost countries (to which countries are they outsourcing and why)
  6. Impact of government regulations (explicitly discuss one policy that does/could affect your product)
  • Make recommendations on how your organization can maximize their profit-making potential, and successfully compete in the new market. Please cite the textbook and explain howmarginal revenue and marginal cost must relate to maximize profit. (5 points)
  • Finish with a conclusion (summarize all the topics covered in the paper) (5 points)
  • Include a Reference page. Include a minimum of 2 references. One of the references mustbe the class textbook. All references must be cited somewhere in the paper to get credit. (5 points)

100% Plagiarism Free & Custom Written,
Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

STILL NOT CONVINCED?

View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation

Recent Updates

Details

  • Title: Current Market Conditions Competitive Analysis
  • Price: £ 99
  • Post Date: 2024-08-28T18:23:38+00:00
  • Category: Assignment
  • No Plagiarism Guarantee
  • 100% Custom Written

Customer Reviews

Current Market Conditions Competitive Analysis Current Market Conditions Competitive Analysis
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

My writer did a small error in my work but it was fixed by him shortly. The work is admirable and I have submitted it. Now hoping for the best results. I would inform you soon.
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

Oh my god! This writing company has saved me from so many bothering and figured out my problem in the best way possible. I am not fond of reading and when this book review was given to me as part of my coursework, I went into depression. But I must say, my writer came up with an amazing book review covering all the major aspects of the book nicely. I am waiting for other assignments to come so that I would come here again. The place is good and quite reasonable as well which makes it easy for me to manage my budget.