ECO 561 Course Great Wisdom / tutorialrank.com ECO 561 Course Great Wisdom / tutorialrank.com | Seite 51

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ECO 561 Week 6 Team Assignment (Final), (Apple)
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Learning Team Assignment:
Complete the Learning Team Project that contains the following
elements;
Present the viability of the selected good or service, considering the
demand cost, market conditions, and economic conditions.
Product Pricing Component (Completed in Week Two)
Select an organization with which you are familiar or in which you
are interested that provides a private good or service. Describe the
utility of that good or service to the immediate consumer (which may
or may not be another organization) and the consumer needs that the
product or service meets. Discuss the number and closeness of
substitute and/or complementary products and their impact on the
pricing decision. Explain why the demand for the product or service is
price elastic or price inelastic. Describe the issues that affect
consumer demand and the price.
Suggest strategies to enhance revenue based upon all of the above
information.
Cost Component (Not Completed in Prior Weeks)
Identify and discuss issues that affect the cost of doing business.
Discuss the impact of technology on productivity and average total
cost.