Connections between microeconomic principles and business performance in Amazon

Firm is : AMAZON

Purpose: Recognize the connections between microeconomic principles and business performance by analyzing a firm of your choice. Use a current article or video (in the last 5 months as your first point of reference and then complete the article with 4 additional articles to give a wider viewpoint from which to draw your conclusions; 5 articles. If you choose to use an older article as your starting point, be sure to update the firm’s performance in the market with more current sources. Do not use Wikipedia, Investopedia.

Template:

1. Introduction and focus point:

• Write a paragraph on the overall background on the firm. Identify focus point – must be underlined or no credit will be given

1. Market Analysis:

• Use chapter 3 to focus on your firm’s micro market. Complete a demand and supply analysis of its product and its consumers. Be specific in your examples.

1. Include Elasticity Theory ( ch 7)

• How do concepts of Price Elasticity of Demand and/ or Supply, Income Elasticity of Demand or Cross Price Elasticity of Demand impact their market – be specific in your applications

1. Cost Theory Chapter 8

• Connect short and/or long run cost pressures to the firm

1. Conclusion
2. List of terms by chapter
3. Works Cite. \ please find the attached chapters.