Letitia Singleton
Long-Term Investment Decisions
September 12, 2017
ECO 550 – Managerial Economics
Strayer University
Camilla Castorina
Summer Quarter of 2017
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a rationale for your response.
In the world of business, products have been succeeding because of the branding in their company. Microwavable frozen foods have been popular, but it has changed over the past last years. Most customers are now more aware of the type of unhealthy ingredients they have put in it. In all reality people have chosen
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With the many products it is so many people who go for their soups, snacks and frozen meals. They are both part of the food industry monopoly. The government has to keep their marketplace structured and manage it well for it to continue to receive its profits and continue to expand. In the world today this industry and many more have to have the proper documents in place such as the copyrights, agreements and property privileges in order to withstand its solid lawful foundation. The law controls the marketplace and there is no one who has the ability to do such.
Examine the major complexities that would arise under expansion via capital projects.
One of the complexities that could arise would be if the capital project is not managed properly. Without it being managed properly so that the most resourceful plan can be executed. Especially because there is some commitment that is put into the company’s resources and time. Capital projects can be risky due to the amount of money that is put into it. Funding is needed in order to pay for the proper buildings, parks, and infrastructure and information technology systems are used as an asset to benefit the public.
Propose key actions that the company could take in order to prevent or address these