Discussion:
Provide feedback on ''Business proposal-1'' using the ''Business Proposal Feedback Checklist''. Include detailed, substantive comments. see attached documents.
your feedback based on the following requirements that should be in business proposal-1:
Required Elements:
• Identify market structure
• Identify elasticity of the product
• Include rationale for the following questions:
o How will pricing relate to elasticity of your product?
o How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?
o Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
o How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?
• No more than 1400 words
• Your proposal is consistent with APA guidelines