ECO 570 Assignment 2A_BRYSON_VICTOR

ECO 570 Assignment 2A_BRYSON_VICTOR - Victor Bryson ECO 570...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Victor Bryson ECO 570 Assignment 2A April 18, 2010 Think about the types of factors that may be endogenous and exogenous in a business. Write a one page paper that identifies several such demand factors and how they would affect the welfare of a business. Businesses in the 21 st century have several concerns that they must deal with on a daily basis. Endogenous factors describe factors within the control of the firm, such as a decision to reveal information about price or input costs. Exogenous factors describe anything outside a company's control. Both of these factors affect the choices that decision makers commit to in order to help their business succeed. Endogenous factors today can make or break a company. The marketing department of a firm holds the very future of the firm in its hands. A successful press event can easily catapult a company into the mainstream market. Apple is a company that has been known to just release enough information about its products in order to spur buzz. This buzz almost creates demand frenzy in itself. After a period of buzz,
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

ECO 570 Assignment 2A_BRYSON_VICTOR - Victor Bryson ECO 570...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online