Final Proposal

Important information

Included?

Comments

Identification of market structure

x FORMCHECKBOX FORMCHECKBOX

Yes No

monopolistic competition market structure

Assumptions regarding market structure and elasticity

X FORMCHECKBOX FORMCHECKBOX

Yes No

You started to discuss pricing however I did not see a breakdown of elasticity.

To what degree do you agree or disagree with the items below?

SD=Strongly Disagree

D=Disagree

N=Neutral

A=Agree

SA=Strongly Agree

Justification included?

Comments

Chosen method to increase revenue

FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX X FORMCHECKBOX FORMCHECKBOX

SD D N A SA

X FORMCHECKBOX FORMCHECKBOX

Yes No

Great breakdown about without musician sales they cannot have an increase on revenue.

Chosen methods to determine profit-maximizing quantity

FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX X FORMCHECKBOX

SD D N A SA

X FORMCHECKBOX FORMCHECKBOX

Yes No

Identifying by receiving endorsements in creates discounts to musicians who purchase the product.

Use of concepts of marginal cost and marginal revenue to maximize profit

X FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX

SD D N A SA

FORMCHECKBOX X FORMCHECKBOX

Yes No

I did not see any mentioning of marginal cost and marginal revenue and how it would maximize the profit.

Suggested mix of pricing and nonpricing strategies

X FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX

SD D N A SA

FORMCHECKBOX X FORMCHECKBOX

Yes No

Did not see this included within the paper.

Selected barrier to entry

FORMCHECKBOX X FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX

SD D N A SA

X FORMCHECKBOX FORMCHECKBOX

Yes No

I located were you discussed how customer service on the product and discussing the value and use of product. However I do not see any details of barrier to entry with the product.

Chosen methods to increase product differentiation

FORMCHECKBOX FORMCHECKBOX X FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX

SD D N A SA

X FORMCHECKBOX FORMCHECKBOX

Yes No

Indorsements, causing discounts which could possible create more sales which would bring more need of product.

Chosen methods to minimize costs for the product

FORMCHECKBOX FORMCHECKBOX X FORMCHECKBOX FORMCHECKBOX FORMCHECKBOX

SD D N A SA

X FORMCHECKBOX FORMCHECKBOX

Yes No

Just the mention of musician getting indorsements to get discounts on the product. My only concerns is everyone else who wants the product and how can the company reduce cost for everyone.