Business economic analysis of Samsung
Prepare a report presenting a business economic analysis of Samsung.
Explain why the effective demand for that organisation’s product(s).
i) changed more or less than expected
ii) stayed the same when you expected it to change the report should include:
a) An analysis of the market forces that shape the demand for Samsung’s products
This section should include an analysis of the market(s) within which the firm operates, including discussion of the market structure as implied by number of competitors, market concentration, barriers to entry, extent of product differentiation, availability of substitutes, and the nature of complementary products. Highlight how this information shapes understanding of the price elasticity of demand and can be used to decide on any price changes. 600 words
b) an analysis of the macroeconomic forces that shape the demand for Samsung’s products
This section should highlight the importance of international trade and macroeconomic conditions including reference to unemployment, the business cycle, inflationary pressures, exchange rate volatility, and government policies. 600 words
