GSB013 Economics for Managers- Supermarket and Grocery Store

Task 1 

Microeconomic analysis: Australian Supermarket and Grocery Store Industry “The Supermarket and Grocery Stores industry is one of the most fiercely competitive industries in Australia” (https://www.ibisworld.com.au/industry-trends/market-researchreports/retail-trade/food-retailing/supermarkets-grocery-stores.html)
 
You are required to:
a. Research the Australian Supermarket and Grocery Store industry, and determine the market concentration.
 
b. Based on your research, explain whether or not, and why, you agree or disagree with the above statement.
c. Discuss which of the four (4) market structures best describes the Australian Supermarket and Grocery Store industry. Explain the reasons for selecting one of these four structures. 
 
d. Using your selected market structure, analyse the economics and pricing policies that you would to expect to find in the Australian Supermarket and Grocery Store industry.
 
e. Write a conclusion which summarises the insights which you have gained from this assessment task.

Task 2

Select one of the following industries
  • Australian Banking Industry;
  • Australian Domestic Airline Industry;
  • Australian Coal Industry;
  • Australian Education Sector: International Education;
  • Australian Iron Ore Manufacturing Industry;
  • Australian Not-For-Profit Sector;
  • Australian Tourism Industry; or
  • Another industry of your choice (if you select this option, before commencing this assignment, discuss your alternative industry choice with the unit facilitator).
You are required to investigate the industry to some depth, using your understanding of business economics, and to:
a. Estimate the industry’s contribution to Australia’s annual GDP. What proportion of GDP does this represent? Explain.
 
b. Describe and analyse the industry’s relationship with Governments.
c. Select three of the following six scenarios. Using macroeconomic theories, determine and describe what you predict may happen in your selected industry if:
 
i. Australia’s rate of unemployment increases to 10%;
ii. Australia’s inflation rate increases to 6%;
iii. The Australian Government decreases the corporate taxation rate to 20%;
iv. The Reserve Bank of Australia increases the cash rate to 5%;
v. The value of the Australian Dollar (AUD) decreases by 10% against other key currencies;
vi. China reduces imports by 10%;
Provide brief explanations for each of your three predictions
 
d. Write a conclusion which includes the insights which you have gained from this assessment task.

Task 3

Complete the topic by topic self-assessment questions in myABS.
 
Engagement and participation for this unit will be assessed via the topic by topic selfassessment questions. These may be multiple choice or short answer questions, which can  be found in myABS. 
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QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER

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