brief dq question

/in /by

This can be responded to as brief answers

Part 1:

Congratulations! You achieved the loan you were seeking in the final assignment! Now, think about the different types of risk you will face, as you take your product or service to that next level.

  • Share one (1) internal and one (1) external risk that you will encounter
  • As a manager responsible for the project’s success, explain what can you do to minimize their impacts

Imagine that things are going well with your expansion efforts, but you wake up one day to find your industry has suddenly become one of the three Imperfect Competition market structures: monopoly, monopsony, or oligopoly.

  • What is the one Imperfect structure most likely to occur, given the nature of your industry and its products/services?
  • Who would be the dominant players?
  • In what ways could this be beneficial for the consumer? In what ways could it be harmful?

Part 2:

  • What are the most important economic concepts that you have learned? How have you or how will you apply them?
  • What ah-ha moments did you experience in Managerial Economics?
  • How will you communicate differently about economic concepts in the workplace?
  • How will you continue to use and develop your economic literacy?
  • Has this course had an impact on your professional performance or how do you anticipate that it will?
 
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