06 Feb Use the prompts below to help yo
JWI515 Managerial Economics
Week 7 Discussion
Pricing Practices
Review the section on Price Discrimination in the Required Resources menu link.
Using a core product or service at your company, address each of the following points:
Describe at least one (1) new 2nd Degree Price Discrimination tactic that is not currently in use by the company.
What is the current price and what is your proposed new price?
Why do you believe this approach is better than other 2nd Degree options?
Describe at least one (1) new 3rd Degree Price Discrimination tactic that is not currently in use by the company.
What is the current price and what is your proposed new price?
Who is your target market and what demographic(s) are you seeking?
Is this product or service impacted by government influences, such as price ceilings, price floors, grants, tax credits, taxes, or subsidies? If so, how do they affect your pricing? If not, share how one or more of these might become an influence in the future?
JWI515 Managerial Economics
Week 8 Discussion
Market Forces Impacting Your Company
Review the section on Porter’s Five Forces in the Required Resources menu link.
As a reminder, Porter’s Five Forces are: (1) Rivalry Among Existing Competitors, (2) Threat of Substitutes, (3) Threat of New Entrants, (4) Bargaining Power of Buyers, and (5) Bargaining Power of Suppliers.
Using the company and industry you have chosen for your assignments:
From the Five Forces listed above, select one strong force and one weak force
For the strong force you selected, give one example of how you can apply your understanding of its strength to help you make better decisions for your company
For the weak force you selected, give one example of how you can apply your understanding of its weakness to help you make better decisions for your company
NOTE: You can base the examples on prior decisions and discuss how you are now better prepared when similar opportunities/situations arise again in the future.
JWI515 Managerial Economics
Week 9 Discussion
Managing Risk
Review the section on Types of Business Risk in the Required Resources menu link.
Use the prompts below to help you think about how to manage the risks you may face, as you take your company to the next level:
Share two types of risks that you are likely to encounter as your company expands
As a leader responsible for a successful outcome, what can you do to minimize the impacts of these risks?
How could the ability to assess risk and and mitigate its impact help you in your current job and/or your future career?
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