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Eco561 R9 Business Proposal Feedback Ch

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Eco561 R9 Business Proposal Feedback Ch
Business Proposal Feedback Checklist (Annette Doiron) by Iftekharul Islam

Important information
Included?
Comments
Identification of market structure
 
Yes No
The identification of the market structure has been included: monopolistic competition
Assumptions regarding market structure and elasticity
 
Yes No
Market structure has been related to elasticity mentioning it to be highly elastic demand.
To what degree do you agree or disagree with the items below?
SD=Strongly Disagree
D=Disagree
N=Neutral
A=Agree
SA=Strongly Agree
Justification included?
Comments
Chosen method to increase revenue
    
SD D N A SA
 
Yes No
Methods for increasing revenues have been added by mentioning the strategies of fixing the price and costs, and also providing healthy food in the vending machines.
Chosen methods to determine profit-maximizing quantity
    
SD D N A SA
 
Yes No
Strategies for placing vending machines and determining prices in a way that would attract consumers were included in the paper.
Use of concepts of marginal cost and marginal revenue to maximize profit
    
SD D N A SA
 
Yes No
The concept and affect on Marginal cost and revenue due to certain business operations were included in the paper.
Suggested mix of pricing and nonpricing strategies
    
SD D N A SA
 
Yes No
Pricing and non pricing strategies are mentioned in the paper.
Selected barrier to entry
    
SD D N A SA
 
Yes No
Barriers to entry were not mentioned specifically but the paper talked about the implications of not being in contract with the Government might bring difficulty for other businesses are included.
Chosen methods to increase product differentiation
    
SD D N A SA
 
Yes No
Differentiation is included by mentioning the vending
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