Define the market for your chosen product, including an analysis of its competitors, and customers.

Write a 1,400- to 1,750-word paper analyzing the current market conditions. Address the following topics:

  • A short history of the organization and a description of their product
  • Factors that affect demand, supply, and prices in the market in which the competitor organization operates
  • Any issues or opportunities your organization faces th
  • Define the market for your chosen product, including an analysis of its competitors, and customers.
  • at affect its competitiveness and long-term profitability with regards to your product: This may include but is not limited to the following elements:
    • Price elasticity of demand
    • Technological innovation
    • The relationship between the amount of labor & capital employed and the law of diminishing marginal productivity
    • Cost structure
  • Factors affecting variable costs, including productivity and others that change the supply of and demand for labor
  • Factors affecting fixed cost

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