Assignment 2- Business Demand

 

Please review the Assignment 2 Business Demand video in the PRM 383 CANVAS site. If you cannot view the video, contact the Student Technology Center at (928) 523-9294 or (888) 520-7215

Assignment 2:   After you have Identified your type of business,  the second step is calculating the business demand
          in developing a feasibility study.                                                                                                                                                                                                                                                                                                                        

Deadline: Assignment 2 is due on Monday,February 19th by midnight. No late assignments will be accepted.

Assignment 2, Business Demand is worth 5 points.

Example: 100 (possible total assignment points) / Your assignment grade  5 points = 95 (assignment grade) x .05 = 4.75 total grade points out of a possible 5.

Assignment 2: Business Demand (5 points): Due: Friday, April 1st.

Please review the Assignment 2 Business Demand assignment video in the PRM 383 CANVAS site. If you cannot view the video, contact the Student Technology Center at (928) 523-9294 or (888) 520-7215

1. Identify the specific demand method used; (Note: The "Applications of Standards" and Trend Analyses" methods are NOT ACCEPTABLE for this assignment. Read  Demand Information.

2. What is the name of the specific business used for the Comparable Demand.

3. Project the "demand" for your proposed business (from the textbook pages 101-103 & Chapter 4 On-line Lesson and Demand Information), and show your calculations;

a. List all other competitors' businesses (Hint: Google Search) in your market area. In a bullet list include the name of every competitor business, pricing range and advantages over your business. For Participation Rate Demand use the US Census.

b. Comparable Demand Formula Example:  8 (your total competitors from Google Search) x 12,436 customers (your golden number) = 99,488 divided by 9 (total competitors 8  plus 1 your business) =  11,054 your demand

4. Cite your source for any demand method used. If you are using a Comparable demand, you must include the name of the comparable business and cite as a personal communication. See APA Guidelines (7th ed.).

This demand is also used for Assignment 3: Sections 5b and 6a.

 Note: DO NOT USE the Application of Standards or the Trend Analysis methods. 

Submit this assignment to the course facilitator in the body of an email message.  (charles.hammersley@nau.edu)