Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability.
Specifically the following critical elements must be addressed:
IV. Examine the costs of productionfor 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 instance, analyze how different kinds of costs (labor, research and development, raw materials) affect the firm’s level of output.
V. Explore the overall marketfor your firm.
a) Discuss the market shareof 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 entryin this market to illustrate the potential for new competition and its impact on your firm’s future in the market.
c) Describe the market structurefor this firm and
Answer preview Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability.
APA
2750 words