Product and Market Demand and Supply: Create an imaginary company of your own with a name.
Create headers for each of the five subtopics below:
1.Product and Market Demand and Supply: Create an imaginary company of your own with a name. Specify and describe the product(s) or services that the company would be selling. Identify your main market for the product/services and give a brief explanation of the demand that customers have for your product/services as well as the other suppliers in this market. 30 points
2.Inflation: Describe how inflation will affect your business, you will have to explain the impact of rising inflation rates on your costs of purchasing supplies etc., as well as the impact of inflation on the prices of the product/services you sell. 15 points 3.Fiscal Policy: Describe how the pandemic would affect your business bottom line in the past year, and how the CARES Act provisions would have helped you tackle some of the issues. (For example stimulus checks, unemployment payments for your employees, PPP loans for your business etc.) 15 points
4.Monetary Policy: As we learned, during a recession the Federal Reserve lowers interest rates on Federal Funds i.e. the rate at which banks lend to each other as well as the Discount rate the rate at which the Fed loans money to banks. This leads to a lowering of all interest rates. Explain how this would help your company get loans from banks. 15 points
5.International Trade: Explain the role international trade plays in your business (do you export your products/services, do you import some materials that you use in your business, how does trade policy in the US (tariffs etc.) and trade policy abroad affect your business, how does the value of the US dollar and changes in it affect your business. 15 points In addition to the topics and rubric above, there will be 10 points allocated for overall writing (please check for grammar spellings etc.).
Requirements: 3-4 pages, single-spaced
Answer preview to Product and Market Demand and Supply: Create an imaginary company of your own with a name.
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