Business Application Project
An important part of the course is your business application project. This is intended for you to apply an economic concept(s) discussed in class to real businesses or business problems. You can choose a topic in the context of your desired future place of work (either a specific company or a general industry). Below is a list of possible topics that may be particularly germane to your future place of work but are (also) easily generalized to broader business topics.
Potential Business Application Topics:
1. Will lowering prices increase your company’s sales?
2. Free Trade, globalization and your company. For example, has your company been helped or harmed the global movement of people (immigration) or goods and services (free trade)?
3. The Internet and your company: The Role of Amazon, Airbnb and Uber. How has the internet and the internet giants impacted your place of work?
4. How do companies price their goods and services? Translating costs into prices and why more than one price. For example, how (and to what extent) are changes in costs reflected in prices?
5. Is owning a business in Texas dangerous to your economic health? How do or have changes in Texas’s taxes, regulations and other economic legislation (including minimum wages) impacted overall cost structures or business demand?
6. Economic roadblocks and barriers to entry. Is your place of work one where there are many competitors or potential competitors or is it difficult to start a business in your industry? And why?
7. Does being first in a market matter? What is the role of advertising and brand names? How often, through which media (print, social and air) and how much is spent by your company? Why do they advertise? What is the impact of advertising on a company’s cost structure and demand? How can a company determine whether the increase in demand was caused by (increased) advertising expenditures?
8. Does the market system lead to income inequality? Or should there be a cap on a CEO’s salary that is tied to the lowest paid worker?
9. What role does technology play in your company providing its good or service? Do you expect large changes in this technology in the future? If so, how will these changes affect your company and your competitors? What can your company do to prepare for these changes?
10. Why does elasticity matter when determining taxes on certain goods and services? Explain using examples of proposed and enacted taxes.
There are two steps or deliverables for your project:
1. Project proposal. It is expected that you will discuss with your instructor (via Blackboard) your paper before you actually complete the assignment. Your proposal should be in the form of a formal outline of your paper. The outline should include brief bullet points of the content in your introduction, body paragraphs, and conclusion.
*All parts of the project should uploaded to Blackboard by the listed due dates under the Content tab for the week they are due.
• Thesis: With the recent trend of consumers staying in their houses most nights, we can
expect the video game industry to see an influx of consumers. The result of less outside options will cause the demand for video games to be more inelastic overall. A firm can benefit by increasing prices initially; however, a firm’s specific demand will eventually become more elastic as more video game firms enter the market.
Body Paragraph 1
Description of the video game industry
Explanation of monopolistic competition
Cause of increase in demand
Body Paragraph 2
Use of price elasticity of demand
Expected changes in the marketplace
Firm graph for monopolistic competition
Body Paragraph 3
Possibility for profit in the short run
Expectations in the long run
Viable business plan
The video game industry is expanding due to phones and consoles
The expanse will eventually slow down. For more information on Business Application Project see this: https://www.dictionary.com/browse/business
Why Choose Us
ACME Homework provides the best top-grade academic writing services in compliance with our customers’ instructions. Have your paper written by a certified professional online college homework help writer to produce only high-quality essays with zero plagiarism.
Professional Academic Writers
You can now choose from a pool of online college homework help writers. Choose your writer and have them write the best content for you. ACME Homework has, over the years, secured a team of the most reliable, experienced, and qualified writers. You can, therefore, trust that your assignment is in good hands.
We know that students have very limited budgets. And for that, we always strive to provide only the best, most affordable online college homework help services to our customers. Our goal is to provide top-quality assignment help services to all customers at the lowest, most affordable prices.
At Acmehomework.com, we pay strict attention to deadlines. We recommend you to check out clients’ reviews for assurance that we will complete your assignments within the set deadlines. You can, therefore, trust that your paper will be done within and before the set deadline. Until now, we have not missed a single deadline.
Our Acmehomework.com homework helper experts write only 100% original and plagiarism-free content for all of our clients. We also have a Quality Assurance Department team that goes through all work submitted by our writers multiple times. You can, therefore, rest assured that any signs of plagiarized or unoriginal content will be rejected before it reaches your portal.
Customer Support 24/7
Acmehomework.com expert writers are always available 24/7 for customers who need assistance with using our website. You don’t have to check your watch the next time you want to have your assignment written. Our customer support is always available round the clock and ready to listen to your queries. Feel free to contact us via the Chat window or support email: firstname.lastname@example.org.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
For years now, Acmehomework.com has stood as a leader in providing its customers with the best online college homework help service in the industry. And all you have to do is provide us with the details of your order. Leave everything else to us. We’ve always got you covered.
Since we launched, Acmehomework.com deserved the best online “college homework help status” thanks to our essay ordering, writing, and delivery process. We deliver nothing but excellence in our results. Our essay writing services include impeccable grammar, zero-plagiarism, proper structure, and conformance to guidelines.
Admission and Business Papers
Our top-quality online college homework help services guarantee that you will be accepted into your desired university. You just need to fill out your admission and business papers, and our team of online homework help workers will handle the rest. We will help you achieve and secure the best positions in your admissions forms.
Editing and Proofreading
At Acmehomework.com, we have a skilled writing and editing team that’s dedicated to creating, editing, and restructuring for all types of papers. Our online college homework help editing and proofreading team will check, paraphrase, and correct any grammar mistakes on your paper before submitting the final document to you.
At Acmehomework.com, we pride ourselves in having writers in almost all fields, even the most technical ones. You never have to worry about your paper being too technical for our certified online college homework help writers to handle. ACME Homework’s team of writers can handle even the most complex writers. We will match your paper to the most competent writer that we believe will handle your paper the best way possible.