Economic Brief

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Assignment 1: Economic Brief

Due Week 5, worth 150 points

This assignment is aligned to these course outcomes:
Explain economic principles and their applications in the real world. Summarize the different types of market structures and the role of government in economics.
In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.

Industry Selection

Use this resource to select an industry and learn about the products and services it provides:
NAICS (North American Industry Classification System)
Select the number next to the industry to see its subsectors, e.g., select 52 to see Finance and Insurance. Select that same number again to read about the industry as a whole or select a sub-category. For example, Mining is 21, and Oil and Gas Extraction, a sub-category, is 211.
Instructions

Review your previous chapter readings and use the resource above to develop an economic brief that is two to three (2-3) pages long in which you:
Select an industry and describe the goods and/or services this industry produces. Use the NAICS resource above to help you select an industry (and/or subsector) for your brief. Identify this industry’s market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.) Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes are covered in Weeks 2 through 4.) How might government impact this industry’s market prices, output, and/or market structure? (Government intervention through price controls, industry regulations, and antitrust enforcement is covered in Weeks 2 and 4.) This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these standards.)
Your brief should include a cover page. Your brief should be two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font. Your brief should include a minimum of one (1) reference/citation in the text.BUSN 491 Week 4 Response Posts: nursing assignment help
I need help with a Business question. All explanations and answers will be used to help me learn.

Review your funding sources for your business as well as your start-up costs. This is information you have gathered in the process of completing your funding comparison chart. One of the charts you will need to include in your business plan will be what it is going to cost you to launch your business. Imagine the first day, and the store location or office that you begin your business in; or maybe even your garage from where you are operating your business. What is in that room, and how did it get there? Those are all sunk costs. Any ongoing initial cost will be fixed costs for which you will need to account. There may be some assets that you need to acquire. Those will be items that you can identify on your day one balance sheet. Start to identify what these costs and investments are and make mention of these things in a narrative form in the discussion, as well as potential funding sources. You will need to account in your business plan for how you are going to have enough cash to operate your business until you reach your Break Even point and beyond.

Two (2) response posts ranging from 75-125 words

Posts to respond too are attached below as well as my response to the discussion post.

This weeks study ———–

– Effectual Entrepreneurship (2nd ed., 2017) by Read, Sarasvathy, Dew, & Wiltbank. Publisher: Routledge (Paperback ISBN: 9781138923782; E-book ISBN: 9781315684826)
Business Plan Format (use for initial outline): https://bit.ly/33pCP7W
Affordable Loss Principle — text Chapter 12MM Discussions
I’m trying to learn for my Management class and I’m stuck. Can you help?

1. Select one element of the Marketing mix and discuss how marketing research could help that area. Be specific in your recommendations.

The required length is 350 words,No plagiarism APA format 2 references.

2. Which is more detrimental to a firm, pricing your product or service too high, or pricing your product or service too low?

The required length is 350 words,No plagiarism APA forma 2 references.

3.Discuss the role of demographics in relationship to integrated marketing communications.

The required length is 350 words,No plagiarism APA forma 2 references.

4.Discuss the phrase “let the buyer beware” and its relationship to an ethical marketing perspective.

The required length is 350 words,No plagiarism APA forma 2 references.

Mentioned the references below the answers.

Thanks,

Rakesh.

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