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ECO 561 Week 6 Team Assignment


Published on January 25, 2016

For more course tutorials visit Learning Team Assignment: Complete the Learning Team Project that contains the following elements; Present the viability of the selected good or service, considering the demand cost, market conditions, and economic conditions. Product Pricing Component (Completed in Week Two) Select an organization with which you are familiar or in which you are interested that provides a private good or service. Describe the utility of that good or service to the immediate consumer (which may or may not be another organization) and the consumer needs that the product or service meets. Discuss the number and closeness of substitute and/or complementary products and their impact on the pricing decision. Explain why the demand for the product or service is price elastic or price inelastic. Describe the issues that affect consumer demand and the price. Suggest strategies to enhance revenue based upon all of the above information.

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