Product Analysis Research Paper

 

 

Order Number			45471455714
Type of Paper			Essay
Writer Classification Level			Undergraduate
Style of Writing			MLA/APA/CHICAGO/
Sources and References			5
Number of Pages			4
Paper Instructions SUGGESTED outline for Microeconomics (ECON 202) Product Analysis   Introduce reader to your topic.  What is it?  Who uses it?  Any information about sales or history of product?  Your reader is an intelligent person who may not have any familiarity with your product. Demand – what shifts demand for your product? Income – how does an increase in income shift D for your product? Normal or inferior?  [Incomes are rising slowly in the US, so what do you expect to happen to Demand for your product because of this?] Population/demographics – is this product being introduced to other populations? Is this product used by a particular age group and is that group expanding or contracting?  What do the answers to these questions suggest about how demand for your product will change? Prices of related goods Complements – what are the complements to your product? If the price of a complement rose, how would that affect Demand for your product? Have there been recent price changes for complements? Substitutes – what are the substitutes for your product? If the price of a substitute rose, how would that affect demand for your product?  Have there been recent price changes for substitutes? Consumer tastes and preferences. Is this a fad product?  Is demand increasing or decreasing?  Has advertising been used to try to increase demand for your product?  Celebrity endorsements?  Any bad press for your product that has reduced demand? Supply – what shifts the supply of your product? Price of inputs – what are the inputs into your product? How does an increase in the price of inputs affect supply of your product? Labor costs, material costs, etc. This may include information about where your product is made; changes in labor standards around the world if your product is made in low-wage countries.  Changes in the availability of labor to produce your product (highly skilled expensive and/or unique labor vs. low skilled cheap labor). Technology – have there been technological advancements in the manufacture or delivery of your product? How does that affect the supply curve?  [Note: this is not about the technology of the product itself which could change demand] Prices of substitutes in production, if applicable. If your product has a substitute in production, how will an increase in the price of that substitute product affect the supply of your product?  Have there been changes in the price of substitutes in production? Weather, if applicable. If your product’s supply depends on weather, explain how weather impacts supply.  Examples of adverse or positive past weather events and their impact on your product would be helpful here. Price elasticity of demand Does your product have available substitutes? What does the availability or lack thereof tell you about your product’s price elasticity of demand? Is your product a luxury or a necessity? What does the answer to that question tell you about your product’s price elasticity of demand? Prediction Given what you found in Parts II and III, what do you think will happen to your product’s S and D in the near future? Give a reason for any curve you think will shift.  If your prediction about the movements of S and D come true, how will equilibrium P and Q be affected?   INCLUDE ON EVERY PAGE OF YOUR PAPER: Page number Running title in header 1 inch margins throughout Times New Roman or Arial font, 12 point.   INCLUDE as separate final page of your paper References in APA format. An APA guide is on Bb in the Research Paper tab.
	Distinguished (100%)	Proficient (85%)		Basic (70%)	Below Expectations (50%)	Non-Performance (0%)
Thesis Statement	Raises the strongest   objection to the thesis presented in the assignment. The objection is strongly grounded in research and logical reasoning.	Raises a plausible objection to the thesis presented in the assignment. The objection is mostly grounded in research and logical reasoning.		Raises an objection to the thesis presented in the assignment. The objection is somewhat grounded in research and logical reasoning.	Attempts to raise an objection to the thesis presented in the assignment. The objection is minimally grounded in research and logical reasoning.	The objection to the thesis is either nonexistent or lacks the components described in the assignment instructions.
Counter Argument	Provides a strong, thorough rebuttal to the objection. The rebuttal effectively demonstrates that the thesis can withstand the objection and applies the principles of charity and accuracy.	Provides a rebuttal to the objection. The rebuttal mostly demonstrates that the thesis can withstand the objection and mostly applies the principles of charity and accuracy.		Provides a limited rebuttal to the objection. The rebuttal somewhat demonstrates that the thesis can withstand the objection and somewhat applies the principles of charity and accuracy.	Attempts to provide a rebuttal to the objection; however, the rebuttal minimally demonstrates that the thesis can withstand the objection and does not apply the principles of charity and accuracy.	The rebuttal is either nonexistent or lacks the components described in the assignment instructions.
Conclusion	Provides clear and concise closing remarks that comprehensively summarize the essay. The remarks consider the broader controversy and/or further research that could offer additional insight into the moral solution of the business problem.	Provides closing remarks that summarize the essay. The remarks mostly consider the broader controversy and/or further research that could offer additional insight into the moral solution of the business problem. The closing remarks are somewhat unclear.		Provides closing remarks that minimally summarizes the essay. The remarks minimally consider the broader controversy and/or further research that could offer additional insight into the moral solution of the business problems. The closing remarks are unclear and/or vague.	Attempts to provide closing remarks that summarize the essay; however, the remarks do not consider the broader controversy and/or further research that could offer additional insight into the moral solution of the business problem. The closing remarks are unclear and vague.	The closing remarks are either nonexistent or lack the components described in the assignment instructions.
Written Communication: Context of and Purpose for Writing	Demonstrates methodical application of organization and presentation of content. The purpose of the writing is evident and easy to understand. Summaries, quotes, and/or paraphrases fit naturally into the sentences and paragraphs. Paper flows smoothly.	Demonstrates sufficient application of organization and presentation of content. The purpose of the writing is, for the most part, clear and easy to understand. There are some problems with the blending of summaries, paraphrases, and quotes. Paper flows somewhat smoothly.		Demonstrates a limited understanding of organization and presentation of content in written work. The purpose of the writing is somewhat evident but may not be integrated throughout the assignment. There are many problems with the blending of summaries, paraphrases, and quotes. Paper does not flow smoothly in all sections.	Organization and presentation of content are extremely limited. The purpose of the writing is unclear. There is little or no blending of summaries, paraphrases, and quotes. Paper does not flow smoothly when read.	The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Control of Syntax and Mechanics	– Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.	Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand		Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.	Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.	The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Required Formatting	Accurately uses required formatting consistently throughout the paper, title page, and reference page.	Exhibits required formatting throughout the paper. However, layout contains a few minor errors.		Exhibits limited knowledge of required formatting throughout the paper. However, layout does not meet all requirements.	Fails to exhibit basic knowledge of required formatting. There are frequent errors, making the layout difficult to distinguish as required style.	The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Word Requirement	The length of the paper is equivalent to the required number of words.	The length of the paper is nearly equivalent to the required number of words.		The length of the paper is equivalent to at least three quarters of the required number of words.	The length of the paper is equivalent to at least one half of the required number of words.	The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Resource Requirement	Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.	Uses the required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.		Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.	Uses an inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.	The assignment is either nonexistent or lacks the components described in the instructions.

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