Business Proposal Paper
Minimum words for paper is 1200 words. Maximum words 1450. THIS PAPER MUST BE AN ORIGINAL PAPER THAT WILL BE RUN THROUGH A PLAGIARISM CHECK!
You must develop a response to the following questions.
1. Develop a product or service that you think will be good for an existing business. This must be supported by evaluation of the elasticity of demand for the product, economic analysis of the product/service so that you think that it would be a good product to develop. You should use your imagination in developing this product–OUT OF THE BOX THINKING IS REQUIRED. I have in the past had some very wild projects suggested–such as flying machines that could serve as automobiles. BE CREATIVE!
2. Develop a product that will answer the following questions–
Include rationale for the following questions:
How will pricing relate to elasticity of your product?
How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?
Besides your pricing decisions, what are your suggested non pricing strategies? What non pricing strategies will you use to increase barriers to entry?
How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?
Also this paper must meet APA guidelines.