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Answer the following question ensuring that you apply economic principles or theory related to the concepts of benefits, costs and market structure in which a firm operates to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and illustrative examples as necessary.
Explain, providing appropriate examples, why car manufacturers are constantly introducing new models.
Rationale
This assignment provides an opportunity for you to present a detailed analysis of the operation of firms in a particular market context through the application of your knowledge of theory supported by evidence drawn from sources of your choosing.
The question addresses the following learning outcomes:
Learning Outcome 1: be able to make decisions that incorporate the relevant benefits and cost analysis.
Learning Outcome 2: be able to explain and defend why it is important to understand the structure of the market in which a firm operates
Verified Expert
We have explained the basic and advanced features of the dynamic global car manufacturing industry. How the car culture has evolved over the decade, what are its challenges, what employment opportunities it is giving and and what are its economic implications in the global market. We have also the cost benefit analysis of this sector and then a brief conclusion.
The assignment received 85+, assignment guide is followed and the work reflected critical thinking in the analysis. well done. I am always an average student so it is best marks for me. thanks once more.
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