The paper is written however there are sections as indicated below that need additional details added.
Please add elaboration, graphs and illustrations where indicated.
Include and add sub/subtitles for the sections indicated below and add additional research for the areas not already included in my paper.
All graphs and illustrations must be cited in-text using APA format, including references at the end.
Supply and Demand Conditions: Impact
Insert the below subtitles for the “Determinants of Demand” and arrange them for better format/readability in the below order and elaborate in each section as needed:
· Price of related Goods
· Population and Demographics
· Expected future prices
Supply and Demand Conditions: Firm’s Actions
Add Determinants of Supply and arrange for better format/readability with the below subtitles where appropriate and add research information if not provided for a specific section:
· Input Costs
· Technological Improvement
· Prices of Substitutes
· Number of firms in the market
· Expected future prices
Price Elasticity of Demand: Consumer Responsiveness – please add the following elements:
The Elasticity Determinants need more elaboration, application of more research with the below subtitles. Arrange for better format/readability with the below subtitles where appropriate and add research information if not provided for a specific section:
· Availability of Substitutes
· Passage of Time – THIS IS A VERY IMPORTANT SECTION TO BE ADDED
· Luxury or necessity
· Definition of Market
· Share of budget in consumer income
Price Elasticity of Demand: Pricing Decisions – please add the following elements:
This section needs more elaboration – such as a firm’s management needs to understand the different types of price elasticity of demand, calculations, and the effects it will have on its total revenue.
Need to cite the “Revenue Test” and reference it at the end.
Additionally include information: if a firm relationship is negative, it will be elastic, so it should be in the firms best interest to know its demand elasticity to keep watching its price strategy of its product based on the “revenue test.”
Cost of Production: Profitability
· Add more tables and graphs for Chipotle Mexican Grill concerning profitability
Cost of Production: Output Decision
· More elaboration including illustrations to Chipotle Mexican Grill data about fixed and variable costs
· Additionally, include how it would affect Chipotle’s output production levels/decisions would be a positive for the company
Overall Market: Market Share
· Add additional graphs and illustrations
Overall Market: Barriers of Entry
· Highlight and elaborate more by writing about the three important barriers of entry and adding as subtitles for each section below:
o Economics of scale
o Ownership of Key input
o Government-imposed barriers
Overall Market: Market Structure
Need to be added: If it is specialty Mexican Food then it is an Oligopoly. Need to enlarge the definition of the market to be Fast Food Restaurant, then it would be a monopolistic Competition. Therefore, Chipotle Mexican Grill has both monopolistic and oligopolistic tendencies in its market structure.
Add the four-firm concentration ratio and/or the Herfindahl-Hirschman Index (HHI) to support the conclusion.
Recommendation: Future Production
Needs more elaboration concerning the recommendation for future production.
Recommendation: Recommended Actions
Needs more elaboration concerning the recommended actions
Recommendation: Sustain Its Success
This section needs improvement as to describing & elaborating more on how the firm can sustain its success not only by evaluating the findings from demand trends that was analyzed earlier but also by the demand price elasticity that was discovered in an earlier element of the paper. For example, if a firm see a demand trends, then how it can capitalize on it to maintain or get a firm upward financial reward. Bottom line, the company must focus on consumer demands trends and price sensitivity.
Also, regarding Elasticity, need to describe how Chipotle can sustain its success by evaluating the findings correctly from price elasticity. It is what Economists among us call it; (The Revenue Test). If Chipotle decreases its prices (if it has elastic demand products), quantity demanded would increase, hence increasing its revenue. So, Chipotle needs to keep its prices competitive with affordability in mind for the market to sustaining its success”. Opposite is true, whereas if it would increase price, it would lose sales. For more information on Chipotle Mexican Grill check out : https://www.britannica.com/topic/Chipotle-Mexican-Grill
Plagiarism Free Papers
Thehomeworkwritings.com’s team of writers write all papers from scratch. We deliver 100% original, unique papers. That’s what makes us the best custom homework writing service
We provide unlimited free revisions to all customers and on all papers. Try The Homework Writings today for the best custom homework writing service and experience in the industry.
Thehomeworkwritings.com gives clients title pages free of charge. Your only job is to fill out our order form. We will handle the rest.
As the leading essay writing service, we never submit any paper without a reference/bibliography page. We do this free of charge too.
Originality & Security
At Thehomeworkwritings.com, we take great pride in delivering only high-quality 100% original papers to all our clients. We also never share any of our clients’ information with third parties. Your data is safe with us.
24/7 Customer Support
No other custom homework writing service has a friendly, always available customer support team to respond to clients like us.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Why outsource our services
We have the best customer support team for your essay writing needs.
You won’t find any other custom homework writing service with pricing as flexible and affordable as ours.
Admission help & Client-Writer Contact
We provide a direct line of communication with our writers for the best writing experience.
As the leading custom homework writing service, we take deadlines very seriously. You will have your paper submitted on time without any delays.
We truly value your feedback, good or bad, and always use your feedback to help us provide you with an even better custom homework writing service