|Assignment ID Number||AFFGEHU83939HD|
|Type of Document||Essay|
|Number of Pages||10 Pages|
You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the organization’s ability to earn an economic profit over time and evaluate the effectiveness of the organization’s competitive strategies.
Select an industry. Identify an organization in that industry.
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon and how this market structure differentiates from the other alternatives.
Describe the level of competition the organization will face if under each of the following market structures:
Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the effectiveness of these strategies in the market structure you identified. Consider the following:
Expected changes in supply and demand
Price elasticity of demand
Make recommendations related to the strategies the organization might consider to maximize its profits and consider the following:
What are the ethical implications of these strategies?
Does this strategy align with the organization’s current values?
Does this strategy align with your own values?
Cite a minimum of 3 peer reviewed sources.
Select one of the following two assignment options:
Write a minimum of an 1,400-word paper.
Format consistent with APA guidelines.
|Criteria||0 – 1 Points||2 – 3 Point||4 – 5 Points||Total|
|Professional communication||Unprofessional communication; many errors; no APA||Minor grammar, spelling, and APA errors||Postings are professional and in standard written English with APA|
|Complete addressing of assessment criteria||Criteria not fully addressed||Minimal response to criteria; minor aspects missing||All criteria are fully addressed|
|Evidence of critical thinking or extending information||Critical thinking or extending information not evident||Obvious responses to questions; little thought evident||Posts demonstrate critical thinking with evidence base from research or experience|
|Course connections.||No connections provided||Minimal connections provided to readings/activities||Clear connections to readings/activities|
|Submitted an overview / summary of the case selected for analysis. Also identified those procedural steps to be analyzed.||Did not provide an adequate overview or summary of the selected case or failed to identify those steps to be analyzed.||Provides an adequate overview or summary of the selected case and steps to be analyzed though may not be clear or complete.||Case overview is clearly presented including all appropriate investigative steps to be analyzed.|