11-08-2012, 08:07 PM
1. Choose a product , service or commodity (with out any duplication)
2. Understand the nature of that product and or service
3. Identify the existing demand , supply, market and price for that product and/or service
4. Understand and analyses the factors affecting demand for that product/service
5. Understand and analyses the factors affecting supply of that product or service
6. Outline the nature of demand and supply
7. Understand the market equilibrium price for that product and/ or service.