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Evaluate the Following Email Between a Student and His Instructor

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Evaluate the following email between a student and his instructor: To: msmith@university.edu.Fr: cluelesspete@hotmail.com cc: Sent: 11/1/10 9:03 p.m.Hi Mr.Smith, My name is Peter Larsen.I am in your Biochemistry Fundamentals class on Tu/Th at 9:00.Me and my group have a question about the syllabus we were hoping you could clarify.It says that we are supposed to have the group project topic decided by 11/2.Are we to submit our ideas to you in a written format, or is this date just given as a guideline to remain on track in our timeline? We were thinking about either tackling a problem given in the text, or one from the supplemental journal you assigned as extra reading.-Peter.What was good about this note, and how could it be improved?


Definitions:

Purely Competitive Industry

An industry structure where many firms offer a standardized product, entry and exit are easy, and no single supplier controls the market price.

Sales Promotion

Marketing strategies aimed at increasing consumer demand or stimulating market demand through special offers, discounts, or events.

Profit-maximizing Output

The level of production at which a business achieves the highest possible profit, where marginal costs equal marginal revenue.

Purely Competitive Firm

A firm that operates in a perfectly competitive market, where there are many buyers and sellers, the product is homogeneous, and there is free entry and exit in the market.

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