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Term Paper #1 (Example)

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Market Dynamic of Smartphones Name University Smartphones have undoubtedly influenced communication across the world. Currently more than a quarter of the world’s population owns a smartphone and apart from text messaging and calling most of the time spent on these devices is to access services on the internet (Statistica 2018). Within the internet there have been numerous developments such as social media websites and applications which have transformed entertainment information delivery and how people interact. Being open and highly scalable the internet has forced businesses to heavily invest in innovation to ensure they retain and attract more customers. On the other hand consumers are increasingly demanding devices that can ensure they maximize the services being offered by different online businesses hence pushing smartphone manufacturers to constantly deliver new products that meet these demands. However there are several other factors which affect the market dynamics of smartphones. Therefore this paper that could either require physical effort. For instance there are some retailers who have fully automated their services and now require shoppers to use their smartphones to scan QR codes on products and make payments seamlessly using smartphone specific applications without interacting with cashiers ("Amazon Go" 2018). Moreover smartphones are now becoming as powerful as desktops and laptops and some even more powerful hence performing some tasks that were previously reserved for the PC and considering their portability; they offer extra convenience for consumers. References Amazon Go. (2018). Retrieved 17 February 2018 from W. & Melvin M. (2013). Microeconomics. Mason OH: South-Western Cengage Learning. Min C. Vhen L. Yeo J. & Wong P. (2012). Conceptual Paper: Factors Affecting the Demand of Smartphone among Young Adult. International Journal On Social Science Economics And Art  2(2). Retrieved from (2018). Number of smartphone users worldwide 2014-2020 | Statista. Statista. Retrieved 17 February 2018 from [...]

Order Description:

Assignment List Term Paper #1 Term Paper #1 DUE: Feb 18, 2018 11:55 PM Grade Details Grade N/A iRubric Link Gradebook Comments None Assignment Details Open Date Feb 5, 2018 12:00 AM Graded? Yes Points Possible 100.0 Resubmissions Allowed? No Attachments checked for originality? Yes Assignment Instructions For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions: What factors influence the demand for this product? What factors influence the supply of this product? How have these changes in supply and demand affected the equilibrium price of this product? Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes? Complete this essay in a Microsoft Word document in APA format. Please note that a minimum of 700 words for your essay is required.

Subject Area: Economics

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 825

Pages 3

Completed in 3 days

Expert Mwandishi001

Client Review

As always on time and well written. will always us her in the future.


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