ECO 561 Course Great Wisdom / tutorialrank.com ECO 561 Course Great Wisdom / tutorialrank.com | Page 32

2)
Determine whether demand for the product or service is
relatively price elastic or relatively price inelastic based on
conclusions from peer reviewed or other reputable resources. You
will want to consider the number and closeness of substitutes
(including foreign substitutes). Justify your conclusion.
Describe the issues that affect consumer demand and the price.
Describe issues related to the cost of doing business which may affect
the firm's pricing decisions.
Focus on issues related to the cost of doing business that affect the
firms average and marginal costs, and the pricing decisions of the
firm
Suggest strategies to enhance revenue based upon all of the above
information.
This document should be 1,050-1,400 words in length. APA format is
required. One note; these word count figures are meant to be a
guideline, but feel free to exceed this if you find it is necessary to
adequately provide relevant details and clarify important points.
================================================

ECO 561 Week 3 DQ 1 (UOP Course)
For more course tutorials visit

www.tutorialrank.com

Do you think that competition can be counted on to discipline the
industrial business firms of a modern economy? Explain.
================================================

ECO 561 Week 3 DQ 2 (UOP Course)
For more course tutorials visit

www.tutorialrank.com