COLLEGE OF BANKING AND FINANCIAL STUDIES DEPARTMENT OF PROFESSIONAL STUDIES

BE - FINAL EXAM re-sit -

OLD SYLLABUS -1-

(Semester 3,4 and students out of the College)

HIGHER NATIONAL DIPLOMABUSINESS ENVIRONMENT
Student Name: Semester: Unit Title: Final Exam: Date: Act. Sub. Date: Learning Outcomes Covered:
Semester 1 Unit 4 Business Environment Behaviors of Organizations and the Market Environment

and

importance of EMU
April 3, 2012

Assessor: Internal Verifier: Grading: Criteria Covered:

Ms. Marta Owen. Mr. Danish

P,M,D

3.1 Explain how the market structures in practice deviate from the model of perfect competition

Investigate the behaviors of organizations and the market environment AND importance of the EMU

3.2 Use range of examples to illustrate the relationship between market forces and organizational responses 3.3 Explain the behavior and competitive strategies employed by an organization and discuss the role of the Competition Commission and regulatory bodies 4.3 Analyze the economic implications for the UK of entry into EMU.

I certify that the work contained in this assignment is my own; researched and prepared by me: Signature:___________________________ Date: ___________________
Required work, format and Grading: The following grades indicate the respective levels of work: Pass The student has achieved all the outcomes required and has demonstrated understanding of the subject matter. Merit The criteria for a Pass grade have been met. Additionally, the student has been able to analyze the knowledge gained and evaluate the concepts in order to address the issues in the assignment. Use a range of methods and techniques to collect analyze and produce information/data. Apply and analyze detailed knowledge and skills, using relevant theories and techniques. Coherently present and communicate work using technical language accurately. Distinction The criteria for both a Pass and a Merit grade have been met. The student is confident with the subject matter to the extent that he/she is able to evaluate and propose possible alternative solutions, develop new ideas or models, and/or make additional recommendations. Check validity when collecting, analyzing and processing complex information Evaluate and synthesize relevant theories and techniques to generate and justify valid conclusions. Show an individual approach in presenting and communicating work coherently, using technical language fluently.

Grades given are subjected to External Verification.

Answer ALL questions: Please read the questions carefully!!!

Question 1, (3.1) a) What is the difference between Perfect Competition and Oligopoly? (define and explain the 2 structures) b) List and define the other market structures/types and provide examples of each as they exist in todays economy. ________________ Question 2: (3.2) Due to the many natural disasters the world food supply has decreased over the last 2 years. Rice prices have gone up by 30% in the last year, tomato, potato and wheat prices have also gone up by over 20%. These shortages have caused the prices of food to increase. Explain how the Market Forces reacted to the incidents above. How they affected the food stores? Question 4: (3.2) a) What are the non-price determinants of demand? b) List the Governments Policies that can influence Market Forces? __________________ Question 5: (3.3) Nawras and Omantel got together and verbally agreed to reduce all SMS prices by 50% with intention of eliminating some of their competitors. Based on the case answer the following: a) What is this behavior called? Is such behavior ok? Explain your reasons. b) List and explain the legal Competitive Strategies. c) What is purpose of Competition Commission? __________________ Question 6: (4.3) Give the reasons why UK does should join have the EURO. List and explain a min. of 4 reasons.

GOOD LUCK!!!!!!