Assignment:
Recently, Apple announced that sales of its newest iPhones had not quite met expectations in the latest financial reporting period. Historically, Apple has introduced new versions of its iPhones in somewhat regular cycles, with the price and profit margin relatively stable, and the market has responded with great enthusiasm. Global consumers just are not snapping up the newest iPhone at the same rate.
In a 2 to 3 page paper, explain how the economic concept of elasticity of demand applies to the history of Apple iPhone sales. Besides elasticity of demand, what other economic and noneconomic forces might have been at work in the changes that have occurred over time in the global market's reception to the Apple iPhone?
Keys to the Assignment
• Explain your analysis using terminology and concepts introduced in this module.
• Cite all sources and provide a reference list using APA format.
• Proofread and edit the paper. The goal is zero errors.
For instruction on writing papers, citing sources, proper referencing, and so forth, use Trident University's: Student Guide to Writing a High-Quality Academic Paper.
SLP Assignment Expectations
Assignment-Driven: Does the paper fully address all aspects of the assignment? Is the assignment addressed accurately and precisely using sound logic? Does the paper meet minimum length requirements?
Critical Thinking: Does the paper demonstrate graduate-level analysis, in which information derived from multiple sources, expert opinions, and assumptions has been critically evaluated and synthesized in the formulation of a logical set of conclusions? Does the paper address the topic with sufficient depth of discussion and analysis?
Business Writing: Is the essay logical, well organized and well written? Are the grammar, spelling, and vocabulary appropriate for graduate-level work? Are section headings included? Are paraphrasing and synthesis of concepts the primary means of responding, or is justification/support instead conveyed through excessive use of direct quotations?
Effective Use of Information: Does the submission demonstrate that the student has read, understood, and can apply the background materials for the module? If required, has the student demonstrated effective research, as evidenced by student's use of relevant and quality sources? Do additional sources used provide strong support for conclusions drawn, and do they help in shaping the overall paper?
Citing Sources: Does the student demonstrate understanding of APA Style of referencing, by inclusion of proper citations (for paraphrased text and direct quotations) as appropriate? Have all sources (e.g., references used from the Background page, the assignment readings, and outside research) been included, and are these properly cited? Have all sources cited in the paper been included on the References page?