ECO 561 - Week 6 Business Proposal for "Smartwriter" only
rld73
business_proposal_feedback.docx1[OA] Signature Assignment: Business Proposal Paper 100%1Content: Appropriately evaluated market structure and elasticity for the product (15%)
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Since you identified your service as monopolistic competition, it would have been helpful to define monopolistic competition rather than monopoly. Also, you explained price elasticity however relating it to market structure and giving justification based on factors of demand (substitutes, etc.) would have been helpful.
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2Content: Created a pricing strategy based on market factors (15%)
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I was a it unclear on your pricing strategy. In the section on elasticity you mention reducing price initially to increase demand however in the pricing strategy section, you say you will use non-pricing strategies.
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3Content: Created non-price barriers to entry based on market factors (6%)
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You included multiple non-pricing strategies.
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4Content: Demonstrated an understanding of the uses of product differentiation (12%)
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5Content: Demonstrated an understanding of economic concepts (12%)
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6Organization: The paper is organized in a logical and coherent manner. Transitions are used to improve flow (12%)
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7Research: Valid research is used to appropriately support the content. References to sources are used when required (20%)
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My only suggestion in this area would be to include references that support your business concept (industry data or examples) rather than solely economic concepts and definitions.
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8Mechanics: The author uses correct grammar and spelling. Format and citations are consistent with APA standards (5%)
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9Mechanics: Components of the assignment instructions are followed (number of examples, paper length, etc.) (3%)
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