case study one/Eco 520 milestone one and milestone three

ECO 520 Milestone Two: Production and Resources Guidelines and Rubric

Overview

In your final project, you will analyze an investment opportunity applying key components of advanced microeconomics theories to typical business decisions. You will assume the role of an entrepreneur, and you will conduct an analysis focusing on an investment opportunity of your choice. In your analysis you will carefully evaluate key factors influencing the demand for the product, cost and supply issues, the role of market structure, and competitive analysis on firm strategy. You will also analyze the effects of government regulations and market intervention on potential profitability, and you will use price and non-price strategies to support product introduction. Using the above analyses, the last step in your final project requires you to model the potential financial viability of the proposed new product using approximate figures. You will determine whether or not to recommend investing in the development and commercialization of the investment opportunity to your business partners.

Prompt

In task 4-4, you will evaluate variables specific to production and resource costs for the improvement of organizational costs for the investment opportunity chosen for your final project. In this milestone, you will submit a 2-3-page paper that analyzes your investment opportunity production and resources factors by costs, constraints, and effects of technology. Your paper should include the following:

• Costs: Assess what key non-price variables could be expected to affect production costs of the new product. How can these aspects be leveraged to effect efficient methods of production and acquisition of resources to improve upon organizational costs?

• Constraints: Assess constraints that could affect future production and costs. How can these aspects be leveraged to effect efficient methods of production and acquisition of resources to improve upon organizational costs?

• Effects: Assess the effect of potential technology changes on production, costs, or competition. How can these aspects be leveraged to effect efficient methods of production and acquisition of resources to improve upon organizational costs?

Format: The production and resources paper should follow these formatting guidelines: 2-3 pages, double spacing, 12-point Times New Roman font, l-inch margins, and citations in APA format.

Instructor Feedback: Students can find their feedback in the Grade Center.

Rubric

Critical Elements

Exemplary

Proficient

Needs Improvement

Not Evident

Value

Costs

Meets "Proficient" criteria and

Analysis of key non-price

Analyzes key non-price variables

Does not analyze of key non-

30

qualifies with economic

variables addresses how these

but with gaps in how these

price variables

concepts that enrich and extend

aspects can be leveraged to

aspects can be leveraged to

the claims

improve upon organizational

improve upon organizational

costs

costs

(27-30)

(24-26)

(21-23)

(0-20)

Constraints

Meets "Proficient" criteria and

Analysis of constraints

Analyzes constraints but with

Does not analyze constraints

30

qualifies with economic

addresses how these aspects

gaps in how these aspects can

concepts that enrich and extend

can be leveraged to improve

be leveraged to improve upon

the claims

upon organizational costs

organizational costs

(27-30)

(24-26)

(21-23)

(0-20)

Effects of Technology

Meets "Proficient" criteria and

Assesses effects of potential

Assesses effects of potential

Does not assess effects of

30

qualifies with economic

technology for how these

technology but with gaps for

potential technology

concepts that enrich and extend

aspects can be leveraged to

how these aspects can be

i

the claims

improve upon organizational

leveraged to improve upon

costs

organizational costs

(27-30)

(24-26)

(21-23)

(0-20)

Articulation of

Submission is free of errors

Submission has no major errors

Submission has major errors

Submission has critical errors

10

Response

related to citations, grammar,

related to citations, grammar,

related to citations, grammar,

related to citations, grammar,

spelling, syntax, and

spelling, syntax, or organization

spelling, syntax, or organization

spelling, syntax, or organization

organization and is presented in

that negatively impact

that prevent understanding of

a professional and easy to read

readability and articulation of

ideas

format

main ideas

(9-10)

(8)

(7)

(0-6)

Earned Total

100

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