Deadlines
Part A of the assignment: draft to be shown before 14 June 2013
Part B of the assignment: draft to be shown before 28 June 2013
Part C of the assignment: draft to be shown before 12 July 2013
Final Submission of all of the three components (part A, B and C):
You must submit all of the above components collated into one file (with three different parts) and submit hardcopies of it before 2.00 pm on 26 July 2013.
Deadlines
Part A of the assignment: draft to be shown before 14 June 2013
Part B of the assignment: draft to be shown before 28 June 2013
Part C of the assignment: draft to be shown before 12 July 2013
Final Submission of all of the three components (part A, B and C):
You must submit all of the
…show more content…
More taxes means less amount to invest, less incentive to expand business.Monetary policy (example of monetary policy instruments include interest rate, supply of money). If interest rate is high, company pays more interest and make less profit. Raising funds becomes difficult, which affect investment. | 2.2 | P6 | Evaluate the impact of competition policy and other regulatory mechanisms on the activities of an organisation of your choice. Guidance: consider the impact of one or more of the following policy on an organisation. * Competition policy/Competition Act 1998/Enterprise Act 2002; * Competition Commission, * Office of Fair Trading; * Directorate General for Competition; * European Commission; * Sector regulators e.g. Ofgem, Ofwat, Civil Aviation Authority; | 2.3 |
Part C
Question No | Assessment Question | Assessment criteria | P7 | Explain how market structures determine the pricing and output decisions of businesses.Example of market structures: * Perfect competition, * Monopoly, * Monopolistic competition, * Oligopoly, * Duopoly; | 3.1 | P8 | Illustrate the way in which market forces shape organisational responses using a range of examplesMarket forces and organisational responses: Example of market forces: supply and demand, elasticity of demand; elasticity of supply; customer perceptions and actions, Example of organisational
The following case study is in regards of economic market structure. In the world of economics all businesses or companies rather, are categorized in certain market structures such as monopoly, oligopoly, or perfect competition, for instance, the market structure for restaurants. Most restaurants are considered monopolistic competition. Being that they all sell and serve food. They have to have instances that vary such as price, logos, servers, locations, décor, types of food, and hospitality.
There are a variety of different business structures that comprise the market in the world today. The most common ones found in the business world today are sole proprietorships, partnerships, and corporations. From these you will also find monopolies and oligopolies. Economists assume there are a number of different buyers and sellers in the market which leads to competition which allows prices to change in response to changes in supply and demand.(1) In many industries you there are substitutes for products, so if one type of product becomes too expensive the consumer can choose an alternative product that is cheaper, or one of better quality.
One key responsibility of working as a manager is to recognize the best way to organize and run an organization. A manager who can work with and put into motion the structure and plans of a company is very important to the life of the organization. Chief Executive Officer of Chick-fil-A Dan T. Cathy is an example of such a manager and business owner. Chick-fil-A began its journey in 1960 in Hapeville, Ga. Since then the second
Discuss the market factors (level 2). How do the relevant market factors affect the performance of the focal organization?
5.(Market Structures) Determine whether each of the following is a characteristic of perfect competition, monopolistic competition, oligopoly, and/or monopoly:
2. Complete the table below by describing the differences in customer service between commercial, public and third sector organisations. You should outline how customer service is carried out in these types of organisation and highlight the differences in customer service across these organisations.
The organization and characteristics of a specific market where a company operates is referred to as market structure. While markets can basically be classified by their degree of competitiveness and pricing, there are four types of markets i.e. perfect competition, monopolistic competition, monopoly, and oligopoly. In perfect competition markets, many firms are price takers whereas monopolistic competition markets are characterized by the ability of some firms to have market power. In contrast, oligopoly markets are those in which few firms can be price makers while monopoly market is where one firm can be a price maker.
The competition policy that will impact the business is the Competition Act 1998. There are two main United Kingdom (UK) laws to protect the competition which is known as the Competition Act 1998 and also the Enterprise Act 2002. The Competition Act 1998 is one of the main source of competition policy where it gives the business a modernize plan to identify and compromise with the restriction of business practices and the abusing of the dominant position in the market. The purpose of this act allows to harmonize the competition policy between the United Kingdom (UK) and European Union (EU) competition policy. This act promotes to competing fairly in the marketplace by prohibiting the anti-competitive behavior that occur between businesses.
Stage 4 - Companies in this stage have broad analytic capabilities for solving local problems, but not at the organization level. Due to duplication of efforts and lack of appropriate employee skill sets and attitudes, the organization has some work to do to reach this level of analytical maturity. The CEO and executive team are supportive of analytical focus, but are not passionate about competing on this basis.
You are expected to use the competitive forces and/or value chain model in your analysis.
He will need to communicate to them all as to how the restructuring will be done so that they all understand. They will need to know how this will affect the jobs they are doing.
The competitive environment : competition from the industry can impact a company’s strategy and operation. For example if a competitor release a new or similar product that threaten to steal market share, an organization must be ready to change in order to retain its
Business Taxes also known as corporate tax is imposed by the government on the businesses, which becomes government's income that it uses in development and welfare work (Cope, pg. 19). Corporate tax is an expense for the business but if it is too high the business will be reluctant to pay these taxes this might even increase the chances of tax invasion. Business might also try to shift the taxes incidence on the buyers in the term of high prices, which might give rise to inflation, on the employees in terms of low wages that might make standard of living low, and on the shareholders in terms of low profit causing them to withdraw their investments. Although this all seems not so serious but apart from these private cost on the employees, customers and shareholders it also increases the social cost. When businesses especially ones, which sell goods whose prices elasticity of demand is elastics, cannot increase prices they look for ways to cut down on the quality or the quantity of the product in order to reduce their cost of production and to increase their profits. This decreases incentive to produce and therefore the GDP is affected. In order to cut down on the cost of production they use resources of poor quality, which harms the environment in term of air pollution. Furthermore which burden of high taxes on them they might ignore the necessary laws of disposing of the waste from the factories in a proper way. The dreadful effect of raise In the prices of
b) In a monopolistic competition structure, although there are numerous firms, they carry different products. Due to product differentiation, each company is able to somewhat control their own pricing.
At least two different organizational structures are identified, described, and compared in terms of their design principles.