MUST BE NEW AND ORIGINAL WORK NOT GIVEN TO OTHER STUDENTS. Write in a clear, concise, and organized manner; demonstrate ethical scholarship in the accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation. Include citations in the text and references at the end of the document in APA format.PLEASE READ INSTRUCTION CAREFULLY. IN TEXT CITATION AND MUST CITE ALL REFERENCE IN APA FORMAT–ORIGINAL WORK ONLY and work must adhere to guidlines set in rubric.Purpose of Assignment Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served. Using the concept of comparative advantage, students analyze trade opportunities and use the model of supply and demand to explain factors that could affect demand, supply and prices. Students will determine various factors that could affect their organization’s total revenue and will recommend actions the firm could use to maximize their profit and their presence in the market served. Assignment Steps Scenario: You have been given the responsibility of working with your organization’s CEO to do a competitive market analysis of the potential success of one of their existing products. Research an organization and a product produced by that organization in which an analysis can be conducted. (Organization is Apple and product is iPhone 7)Write a 1,750-word analysis of the current market conditions facing your product, making sure you address the following topics:Define the type of market in which your selected product will compete, along with an analysis of competitors and customers.Analyze any comparative advantages and international trade opportunities.Explain the factors that will affect demand, supply, and prices of that product.Examine factors that will affect Total Revenue, including but not limited to: Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product. Price elasticity of demandFactors that influence productivityVarious measures of costs, including opportunity costsExternalities and government public policy and their effect on marginal revenue and marginal costCite a minimum of three peer-reviewed sources from the University Library.Format your paper consistent with APA guidelines.Click the Assignment Files tab to submit your assignment.Please follow the Assignment naming convention stated in the Instructor policiesDo not forget to submit the WritePoint and TurnItIn reportsGrading GuideContentMetPartially MetNot MetComments:Student researched an organization and product from which an analysis can be conducted.Student defined the type of markets their selected product will compete in along with an analysis of competitors and customers.Student analyzed any comparative advantages and international trade opportunities.Student explained the factors that will affect demand, supply and prices of their product choice.Student examined factors that will affect Total Revenue including, but not limited to, price elasticity of demand and factors that influence productivity, various measures of costs, including opportunity costs, externalities and government public policy, and their effect on marginal revenue and marginal cost.Student recommended how their organization can maximize their profit making potential and increase their presence within the market served by the product.Student used a minimum of three peer-reviewed sources from the University Library.The paper is 1,750 words in length.Total AvailableTotal Earned10.5#/10.5Writing GuidelinesMetPartially MetNot MetComments:The paper–including tables and graphs, headings, title page, and reference page–is consistent with APA formatting guidelines and meets course-level requirements.Intellectual property is recognized with in-text citations and a reference page.Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.Sentences are complete, clear, and concise.Rules of grammar and usage are followed including spelling and punctuation.Student has followed naming convention specified in the instructor policiesStudent has submitted Writepoint and TurnItIn reportsTotal AvailableTotal Earned4.5#/4.5




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