SOLUTION AT Australian Expert Writers
TASK 1:
Students can choose business e.g. Tesco, Netflix, PepsiCo, British Airways or a product from commodity market e.g. coffee, dairy items or any food item etc. entertainment business e.g. cinema tickets, housing market, stock market if possible.
Part 1.1 (Total word count 1500 for Task 1.1 and 1.2)
Introduction (Explain briefly the chosen business)
Demand (Definition with reference)
Law of Demand (Statement with reference and brief explanation)
Movements in Demand Curve (Brief explanation)
Explain in chosen business context- Movements in Demand curve (Diagram and explanation required)
Factors that causes shifts in demand curve (Please explain and apply in example)
Explain in chosen business context- shifts in demand curve (Diagram and explanation required)
Part 1.2
Supply (Definition with reference)
Law of Supply (Statement with reference and brief explanation)
Movements in Supply Curve (Brief explanation)
Explain in chosen business context- Movements in Supply curve (Diagram and explanation required)
Factors that causes shifts in Supply curve (Please explain and apply in example)
Explain in chosen business context- shifts in Supply curve (Diagram and explanation required)
Task 2
Student can compare the following theories and provide recommendation which is applicable to modern business practices. Comparison analysis in accordance with current situation of covid 19 situations would be appreciated.
20th Century Traditional theories e.g. Adam Smith classical theory of free market, Karl Marl theory Marxist also called capitalism theory, Neoclassical theory
21st Century Modern Theories e.g. Nudge theory, Behaviour theories
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