Description
Term Paper
This paper will analisys the sports wear company Nike.
You will choose a firm for which you can find reliable data and information, both at the firm level and the industry level. The firm you select must be a publicly-traded company, must operate in the U.S. market, and must currently be in business. Publicly-traded companies file reports with a great deal of data that you will find useful for your analysis. Once you have selected a firm for your case study, you will gather information and data relevant to the firm and its industry and use the core microeconomic principles you have learned in class to analyze the information and make a recommendation for your firm. You will compose a 6–9 page research paper in which you will analyze the market and business data to explain how the core microeconomic principles impact the sustainability of the firm, and your recommendations will suggest the actions the firm can take to ensure success.
Specifically the following critical elements must be addressed:
Introduction
Work with your instructor to choose a firm that matches the following criteria: a publicly traded company operating in the U.S. market that is currently in business. a) Outline the purpose of this paper. b) Summarize the history of the firm, and provide an overview for what the firm does and what goods/services it sells.
Explore the supply and demand conditions for your firm’s product.
Evaluate trends in supply and demand over time, and explain their impact on the industry and the firm. You should consider including annual sales figures for the product your firm sells.
Analyze information and data related to the demand and supply for your firm’s product(s) to support your recommendation for the firm’s actions.
III. Examine the price elasticity of demand for the product(s) your firm sells.
a) Analyze the available data and information, such as pricing and the availability of substitutes, and justify how you determine the price elasticity of demand for your firm’s product.
b) Explain the factors that affect consumer responsiveness to price changes for this product, using the concept of price elasticity of demand as your guide.
c) Assess how the price elasticity of demand impacts the firm’s pricing decisions and revenue growth.
IV. Examine the costs of production for your firm.
a) Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability.
b) Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For example, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output.
V. Explore the overall market for your firm.
a) Discuss the market share of the firm and its top competitors by providing details on current percentages for each firm and describing the trend over time. You might consider presenting the data graphically.
b) Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market.
c) Describe the market structure for this firm, and analyze how this affects the firm’s ability to influence the market.
VI. Recommendations
a) Develop a recommendation for how the firm can manage its future production by synthesizing the data presented.
b) Suggest how the firm’s position within the market and among its competitors will allow it to take your recommended action.
c) Describe how the firm can sustain its success going forward by evaluating your findings
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