My chosen firm for this assignment is NETFLIX. Write a 2 to 3 page paper. The Directions are below :)

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My chosen firm for this assignment is NETFLIX !

Prompt: Submit a draft of the supply and demand conditions (Section II) and price elasticity of demand (Section III) of your research paper, including all critical elements listed below. You will analyze data on firm sales and in the market overall to identify trends and inform your recommendation for the firm’s future actions. You will also use available data to determine the price elasticity for the goods or services your firm produces and explain the factors that influence consumers’ reactions and the firm’s pricing decisions.

Assignment:

  1. Explore the supply and demand conditions for your firm’s product (Netflix).
    a) Evaluate trends in demand over time and explain their impact on the industry and the firm (Netflix). You should consider including annual sales figures forthe product your firm sells.
    b) Analyze information and data related to the demand and supply for your firm’s (Netflix) product(s) to support your recommendation for the firm’s actions (Netflix). Remember to include a graphical representation of the data and information used in your analysis.
  2. Examine the price elasticity of demand for the product(s) your firm (Netflix) sells.
    1. Analyze the available data and information, such as pricing and the availability of substitutes, and justify how you determine the price elasticity of demand for your firm’s product (Netflix).
    2. Explain the factors that affect consumer responsiveness to price changes for this product, using the concept of price elasticity of demand as your guide.Assess how the price elasticity of demand impacts the firm’s (Netflix) pricing decisions and revenue growth.

    The following link is information about Netflix (my chosen firm) that may be helpful. https://www.netflixinvestor.com/ir-overview/profile/default.aspx
    My essay is attached to this post. This assignment is a continuation of what is already completed.

  1. Value
    Conditions: Impact Effectively evaluates trends in demand over time and explains their impact on the industry and the firmpage2image3680761584 Evaluates trends in demand over time, but evaluation is ineffective or does not explain their impact on the industry and firmpage2image3681427200 Does not evaluate trends in demand over time 18
    Conditions: Firm’sActions Analyzes information and data related to the demand and supplyfor the firm’s product(s) to support recommendation for the firm’sactions and includes graphical representation of data and information Analyzes information and data related to the demand and supplyfor the firm’s product(s), but information and data do not support recommendation for the firm’s actions or do not include graphical representation of data and information Does not analyze information and data related to the demand andsupply for the firm’s product(s) 18
    Price Elasticity of Demand: Analyze page2image3681493472Analyzes the available data and information and justifies how the price elasticity of demand for thefirm’s product was determined page2image3681506304Analyzes the available data and information, but does not justify how the price of elasticity of demand for the firm’s product wasdetermined Does not analyze the available data and information to determine the price elasticity of demand 18
    Price Elasticity of Demand: Consumer Responsiveness Explains the factors that affect consumer responsiveness to price changes for the product using the concept of price elasticity of demand as a guide Explains the factors that affect consumer responsiveness to price changes for the product, but does not use the concept of price elasticity of demand as a guide Does not explain the factors that affect consumer responsiveness to price changes for the product 18
    Price Elasticity of Demand: Pricing Decisions Accurately assesses how the price elasticity of demand impacts thefirm’s pricing decisions and revenuegrowthpage2image3700490928 Assesses how the price elasticity ofdemand impacts the firm’s pricingdecisions and revenue growth, but assessment is inaccuratepage2image3700504432 Does not assess how the price elasticity of demand impacts thefirm’s pricing decisions and revenuegrowth 18
    Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 10
    Earned Total 100%

Prof. Angela

4.6/5

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