Comments on “Assumptions regarding market structure and elasticity”
Paper indicated “The price elasticity of demand is either elasticity or inelastic in the Monopolistic markets.” it is not perfectly elastic. I believe with it having many firms which are differentiated products it has elasticity.
Comments on Chosen method to increase revenue
Paper referenced “the government can be able to affect the pricing the respective market structures” but did not identify anything specific for “the “Thomas Money Service Inc.” and “Will Bury’s Price Elasticity”
Comments on Use of concepts of marginal cost and marginal revenue to maximize profit
Saw reference for equation and government’s intervention in the pricing policies of various market structures is diverse
Comments on Suggested mix of pricing and non pricing strategies
Has heading but no suggested mix for companies used.
Resource: Business Proposal and Peer Review feedback.
Revise your Week Four business proposal using the feedback provided by your peers and facilitator as necessary. In addition to your week four paper, the second part of your paper will use the revised information to recommend appropriate pricing and non-pricing strategies for your new or existing good or service based on the projected economy’s stage in the business cycle and the prevailing projected economic conditions for one or more macroeconomic factors. Explain the evidence that supports these recommendations.
- Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service.
- Describe the local economy’s stage in the business cycle.
- Describe how current credit market conditions affect your planning or operating decision for your good or service.