Pricing Analysis Part 2
Directions
Write a 600-word report to answer the questions below about the market and the prices in the industry that you chose for your industry report.
1. Make sure to limit word count to 600; otherwise, I will ask for revision.
2. If I ask for revision, you will need to highlight (yellow color) new words/sentences that you added to the original submission.
Industry Report
Analyze the market that you work in. (What is the product/service? Who are your consumers? Who are the competitors?) This is where the work that you did for Part 1 of the project comes is handy.
Current Pricing Models
For your industry, are there any changes in prices? What are the reasons/factors for price changes in the market?
Apply the supply and demand model to explain a recent price and output change. If tables and graphs are included, they should be placed in the appendix and referenced in the body of the text.
Hypothetical Pricing Model
Come up with a hypothetical economic change that could impact the future price and output levels in the market. Explain your reasoning using the supply and demand model. If tables and graphs are included, they should be placed in the appendix and referenced in the body of the text.
Format
600 words (place word count on top-right corner of first page). NOTE The appendix/reference material is not included in the word count.
Double-spaced, Times New Roman, 12-point font and 1-inch margins
Submitted as a Word document
APA formatting for in-text and reference citations
