Assignment:
Business Proposal Project Paper
Write a paper of no more than 1,050 words in which you do the following:
• Tell the story of a fictional firm that provides health care services.
• Choose a specialty health care service with which you may become familiar.
• Use library resources to research the market and individual firms for this service.
• Explain how resource scarcity influences this market and describe choices stakeholders are forced to make.
• Describe economic flows that may affect the firm.
• Describe some causes of change in supply and demand, and how they affect equilibrium price and quantity.
• Explain if pricing decisions for this market are elastic or inelastic.
• How does that affect decisions?
• Write a business proposal, including the following:
• Describe a market in which this service has a shortage of providers.
• List services your firm provides.
• Explain how you set each service's price.
• Explain who you must hire and how much you will pay them.
Fictional Store: Frank Drug Store (Specializes in OTC and Prescription Drugs)
Book:
Economics, 17e
Economics, 17e
ISBN: 9780073126630 Authors: Campbell R. McConnell, Stanley L. Brue
Copyright © The McGraw-Hill Companies (2008)