Current Market Conditions Competitive Analysis

Assignment Steps 

Scenario: 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. https://fod-infobase-com.contentproxy.phoenix.edu/p_ViewVideo.aspx?xtid=48959&tScript=0#
  
  
• 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. 

Cite a minimum of three peer-reviewed sources from the University Library. 

Format your paper consistent with APA guidelines.