BUSS 1005 Business Economics Assignment

Assignment Help Business Economics

Reference no: EM132523393 , Length: word count:1300

BUSS 1005 Business Economics - Middle East College

Learning Outcome 1) Describe the structure of business environment and know all its elements.
Learning Outcome 2) Investigate and explain various market conditions using theoretical concepts.

Company - Barzman National Water Company LLc

SECTION A :

Problem 1 Activity

Prepare a brief report of based on a study of secondary data sources of information of an organisation producing goods or offering services in Oman. This report should shall assess the impact of Market structure and competitive factors on the organisation/industry-sector and evaluate the organisation /industry-sector responses. (In the case of a large organisation or industry-sector it is permissible to confine your report to part of the organisation or industry- sector.)

Task
Select an organization operating in Oman and provide following discussions regarding the market conditions :-
(i) A brief profile of the organization with description on the types of products and services offered by the selected organization, the market structure as well as any two competitors.
(ii) Discuss any three factors affecting both demand and supply of the selected organization.
(iii) Using the example of a monopolistic competition market player , highlight how it competes with other organizations to increase its market share.

SECTION B:

Problem 2.

Explain the various types of price elasticity of demand with suitable diagrams and examples where each of the aspects are applicable.

Problem 3

Critically evaluate monopoly and perfect competition, highlighting the merits and demerits of both market structures. Evaluate the contribution of each of these structures in the efficient allocation of resources.

Problem 4.
Discuss a mixed economic system, highlighting its advantages and disadvantages as well as the contribution of this system in respect to social welfare in the Oman context.

Attachment:- Business Economics.rar

Reference no: EM132523393

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