Current Market Conditions Competitive Analysis

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-

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: =Price elasticity of demand

=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

-Recommend how your organization can maximize their profit-making potential and increase their presence within the market served by the product-