ECON 315 Week 2 Discussion 1:Demand Analysis
The purpose of this assignment is to help you practice skills that are essential to success in this course and your professional life after graduation. You will demonstrate how the roles of different factors influence demand and affect market equilibrium.
A manager needs to accurately assess demand for efficient operations. If the manager underestimates that demand, production, and inventory can either build up and/or workers will remain idle with no work to perform. Conversely, if the manager overestimates demand, production, and inventory cannot meet the sales thus forfeiting an opportunity to gain market share and/or the company will not be able to hire enough workers causing the workers that do the work to become over-stressed. Either scenario can lead to poor profitability.
You will build skills in seeking out relevant and quality data, combine and analyze the information you gather, then formulate a coherent analysis based on researched evidence. This assignment also requires you to clearly communicate in a written format (general education skills: critical thinking, communication, and information literacy).
Write an APA style analysis (1000-1200 words). You will use your knowledge from previous statistics and research classes to help guide you in with your research.
Topic/Question – Analyze the demand for an aviation product (cargo, flights, military products) and discuss
Choose your product or service from the aviation and aerospace industry and conduct a demand analysis. In your demand analysis be sure to address the following:
Once submitted, you will not be able to revise this assignment. Prior to submission, review the evaluation rubric so that you may plan your assignment, use it as a checklist to identify the successful parts of your assignment, and self-evaluate your paper.
Save your assignment using a naming convention that includes your first and last name and the activity number (or description). Do not add punctuation or special characters.