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.
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, 1-inch margins, and citations in APA format.
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