Eco/561 Week 4

In: Business and Management

Submitted By taibadnan82
Words 1397
Pages 6
Existing Business Proposal
ECO/561
June 21, 2012
Dr. Jill Trask
Business Proposal It is very significant to comprise a business plan in the shifting world business to stay ahead. The changes in the economy will create or shatter the business. In this paper Adnan will discuss the existing goods or services business proposal of Thomas Money Services Inc. The reason to have a business plan for the organization is to restore or generate more profits for the business. Elasticity of Demand and Market Structure Thomas Money Service Inc. (TMS) has been in business since 1940. TMS started out as an end user funding company giving way loans for domestic wants. The company prolonged over the next five years by granting business loans, business acquirement financing, and business real estate loans. In 1946 executive made a choice to expand into gear financing. This proved very lucrative for the company. With the end of the World War II, society experienced increased demand for construction and forestry equipment. In 1951, the equipment financing subsidiary, Future Growth Inc. (FGI) purchased and equipment manufacturing company, which vertically integrated the subsidiaries operations. TMS Inc has a monopolistic competition market; elasticity of demand is how much demand varies for manufactured goods in connection to a transformation in price. This transformation is measured as a percentage. For TMS Inc the elasticity is that it can offer the monetary support to business that desires to thrive and nurture. There are numerous different financial institutions that purpose the identical approach. Creating binds, such as these would be excellent method for the FGI to position itself separately and diminish elasticity. The substitutes give opportunity to the consumer by offering lower prices. To be thriving in the market the high elastic prices play…...

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