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pfa TASK 1: By Tuesday Evening Reflection and Discussion Forum Week 3

May 20, 2024

pfa

TASK 1: By Tuesday Evening

Reflection and Discussion Forum Week 3

Assigned Readings:

Chapter 8. Understanding Markets and Industry Changes.

Chapter 9. Market Structure and Long-Run Equilibrium.

Chapter 10. Strategy: The Quest to Keep Profit from Eroding.

Initial Postings:
Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

a. To increase a company’s performance, a manager suggests that the company needs to increase the value of its product to customers. Describe three ways in which this advice might be incorrect (Hint: Think about what else might or might not change that affects profit.)

[Your post must be substantive and demonstrate insight gained from the course material.
Postings must be in the student’s own words – do not provide quotes!]

[Your initial post should be at least
450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

TASK 2: By Thursday Evening

Activity #3

1. Using shifts in supply and demand curves, describe a change in the industry in which your firm operates. The change may arise from a change in costs, entry/exit of firms, a change in consumer tastes, a change in the Macroeconomy, a change in interest rates, or a change in exchange rates. Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. If more than one change occurred, then decompose the change into smaller pieces so that your explanation has a step-by-step character to it. (Hint and warning: Demand and supply curves are used at the industry level, not at the firm level.) Describe how your company could profitably use the analysis.

[Your initial post should be at least
550+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

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