Cost of production overall market and recommendations.
The purpose of this milestone is for students to explore the various costs their firm faces and to describe their firm’s mark
et. Using the concepts and tools
developed in Modules Four and Five, students will
analyze the fixed and variable costs of their firm, how those costs have changed over time, and how those
changes have impacted their firm’s overall health and sustainability. In analyzing their firm’s market, students will detail
the extent of their firm’
s market power
and their firm’s ability to influence the market. Students will also describe major trends in the market, specifically concer
ning new products, technologies, and
new entrants. Students can further determine the future health of their firm to
inform their final recommendations by examining their
firm’s place within the
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