Description

There are three Feedbacks attached. The first is from my teacher and the other two are from my peers. Please follow all feedbacks.

Resource: Business Proposal and Peer Review feedback.  

• Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service. 

• Describe the local economy's stage in the business cycle.

• Describe how current credit market conditions affect your planning or operating decision for your good or service.

You will apply economic principles presented in Weeks One through Three in this week's assignment. Your assignment will be reviewed by your peers and by your facilitator in week five and should be revised as necessary based on feedback as the first part of the final assignment in week six. 

Select a new, really good or service for an existing industry.
Write the economic analysis section of a business proposal. This will include statements about the market structure and the elasticity of demand for the good or service, based on textbook principles. You need to create hypothetical data, based on similar real-world products to estimate fixed and variable costs.

Required Elements:
Identify market structure
Identify elasticity of the product
Include a rationale for the following questions:
How will pricing relate to the elasticity of your product?

How will changes in the quantity supplied as a result of your pricing decisions affect marginal cost and marginal revenue?
Besides your pricing decisions, what are your suggested nonpricing strategies? What nonpricing strategies will you use to increase barriers to entry?
How could changes in your business operations alter the mix of fixed and variable costs in line with your strategy?

No more than 1400 words
Your proposal is consistent with APA guidelines
Click the Assignment Files tab to submit your assignment.

Revise your Week Four business proposal using the feedback provided by your peers and facilitator as necessary. In addition to your week four paper, the second part of your paper will use the revised information recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected economy's stage in the business cycle and the prevailing projected economic conditions for one or more macroeconomic factors. Explain the evidence that supports these recommendations.
Required Elements:
Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service. 
Describe the local economy's stage in the business cycle.
Describe how current credit market conditions affect your planning or operating decision for your good or service.
A total length of Final Business Proposal should be no more than 2100 total words.

Please note there are two parts - first is to REVISE your Week 4 draft business proposal based on feedback provided.  The second part (listed below as Required Elements) are additional requirements to add to your Week 4 draft business proposal. 

Revise your Week Four business proposal using the feedback provided by your peers and facilitator as necessary. In addition to your week four paper, the second part of your paper will use the revised information recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected economy's stage in the business cycle and the prevailing projected economic conditions for one or more macroeconomic factors. Explain the evidence that supports these recommendations.

Required Elements:

A total length of Final Business Proposal should be no more than 2100 total words.

This is the initial assignment. My paper is the first attachment and it has the feedback from my teacher. It wasn't that good as you can see.

This is the second part that needs to be completed.