The assignment explores Domestic Firm Economic Review. Moreover, there is a description of Company Annual Supply Curve. So, describe factors that could shift the demand curve.
Domestic Firm Economic Review – Company Annual Supply Curve
Firstly, select a Fortune 500 company (https://fortune.com/global500/search/). Secondly, look up the company’s annual report. Wikipedia (https://en.wikipedia.org/wiki/List_of_S%26P_500_companies) conveniently provides links to the annual reports for these companies). Also, in the “reports” column, find the most recent Annual Report, sometimes called a Form 10-K or just “10-K”). In a paper (you might find this article about how to read an annual report (https://www.wikihow.com/Read-an-Annual-Report) helpful for reading an annual report: Identify background information on the company, including the company name, ticker (stock) symbol, GICS Sector, and GICS Sub Industry. Summarize the products the company produces and sells, and who their target customers are.
Domestic Firm Economic Review – Company Annual Supply Curve
Describe factors that could shift the demand curve for the company’s product(s) (see the risk factors discussed in the K-10). Describe factors that could shift the supply curve for the company’s product(s) (see the risk factors discussed in the K-10). Describe whether the company’s product(s) would be expected to have an elastic demand or inelastic demand. Discuss the firm’s profitability with an explanation of the difference between accounting profit and economic profit. Examine the costs the company incurs and discuss whether the majority of costs are fixed or variable in nature.
Domestic Firm Economic Review – Company Annual Supply Curve
Describe the market structure that best describes the market the firm is in. Analyze how the market structure affects the profitability and pricing power of the firm. Include at least five scholarly references in addition to the course textbook (Mankiw, N.G. (2018). Principles of microeconomics – 8th ed. Stamford, CT: Cengage Learning). Sources such as The Balance, EconomicsHelp.org, Investopedia, and other help websites are not acceptable.
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