Business Economics Mazoon Incorporated Diary & Price Elasticity of Demand HW Note: My subject in the proposal is ( Mazoon Dairy ) https://www.mazoondairy.

Business Economics Mazoon Incorporated Diary & Price Elasticity of Demand HW Note: My subject in the proposal is ( Mazoon Dairy )

https://www.mazoondairy.com/#

Font – Times New Roman

Font – Style – Regular

Font – Size – 12

Heading should be with Font Size 14, Bold, Capital and Underline.

Number of words between 1200 -1500 words NB:General overview of proposed plan shall include initial understanding of solution to the task
shall be shared in CAW Instructor /Respective Instructor for formative for formative feedback.
This will reflect :
o An understanding of respective tasks
o Timeline for completion of the given tasks.
SECTION A
:
Question 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 –
(1) Abrief 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: Answer any Two questions
Question.2.
Explain the various types of price elasticity of demand with suitable diagrams
and examples where each of the aspects are applicable.
(25 marks)
Question. 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.
(25 marks)
Question.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.
(25 marks)
(100 Marks)
Guidelines:
Assignment must be computer typed.
Font – Times New Roman
Font -Style – Regular
Font – Size – 12
Heading should be with Font Size 14, Bold, Capital and Underline.
Explain with suitable diagrams wherever required. Diagrams must be drawn using suitable
software or by pencil.
Each student has to do the assignment individually.
• You can refer books in eLibrary or use internet resource. But you should not cut and paste material
from internet nor provide photocopied material from books. The assignment answers should be
in your own words after understanding the matter from the above resources.

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