Managerial economics – Final assignment
Identify a firm of your choice, it could be your own company or the one where you work, you do not have to write the name of the company. To make a better case analysis you must first write the most important economic problems that are happening in the firm. Then, you will have to write a brief introduction of the firm, and after that, the problem statement. You must get some real data from the company related to the firm, the industry around it, government’s actions in that environment and write it down in the assignment answering the following questions:
Purpose: What is the company’s objective?
Resources & technology: Define the products or services that represents the company’s profit and the main technology implemented in it.
Supply and Demand: Choose 2 products and analyze them using supply and demand methods with the information you could get.
Markets & prices: Define pricing practices of the firm as well as market structure.
Risks: Write the problems that the firm is having internally and externally . What is the manager doing right now in order to reduce them? And what would be your plan to minimize them?
Explain how could managerial economics’ tools, learned during this course, could be help to solve the problem statement.
Identify a firm of your choice and write the economic problems that are happening in the firm
Support your assignment with at least five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 8-10 pages, not including title and reference pages
Your assignment should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Lecturers extra points for consideration while working on the assignment;
- Problem statement
- Consider what can be done
What is the objective of the company?
What are the resources of the company?
What are some of the risks the company is facing internally and externally
What is been done to minimize the risks?
What tools are that management is using to reduce the risks? Some tools include <economic tools> <opportunity costs> <The principle of time perspective> <Marginal costs> <Marginal revenue>
You are expected to use credible sources for your citations.
Use both intext citations and in body citation
Key words: Managerial economics, problem statement, supply and demand.
Choose a firm of your choice which has publicly available information. Let it be be a company that deals with products.
- Start with a brief introduction of your work.
- A brief introduction of the firm.
- Economic problems happening in the firm.
- Problem statement
- Company’s objectives.
- Define the products or services that represent the company’s profit and the main technology implemented in it
- Choose 2 products and analyse them using supply and demand methods with the info you could get.
- Define pricing practices of the firm as well as market structure.
- Problems that the firm is having internally and externally.
- What the manager is doing right now in order to reduce them
- What would be your plan to minimize them?
- Explain how could managerial economics tools learned during the course, could be of help to solve the problem statement.
- Create a table of contents for your work.
- Use more than 5 sources in your work.
- Use APA 7 Formatting . Remember to include links for every reference.
- Have subheadlines for every item listed above.
Problems faced by the firm internally and externally
Over the past few years,xxxxxx Oando plc has faced different challenges xxxxxxxboth internally and externally. xxxxxx In 2017, two complaints were lodged xxxxxx to the Security and Exchange xxxxxx Commission by Alhaji Mangal Dahiru and Ansbury (ProShare, 2021). xxxxxx After the commission investigated the company,xxxxxx it found some irregularities, xxxxxx which prompted it to sanction the company by suspending its share sales. xxxxxxx This was, however, lifted in 2021 after the xxxxxxx company and the SEC came into an agreement over the issue. xxxxxxxx Despite the agreement, xxxxxxx the problem has affected the company’s brand and profits in a significant mannerxxxxxx .
After the investigations by the commission, xxxxxxxx it realized various government lapsexxxxxxx within the company originating from Board omissions xxxxxxxx such as irregular approval of Director’s xxxxxxxx compensation, Directors’ involvement in their areas of interest, xxxxxxxx baseless expenditure to Executives and xxxxxx administration of the corporation xxxxxxx, fiasco of Audit Committee to plan xxxxxxxxx consultations with the administration, xxxxxxx internal and external accountants. xxxxxxx. The commission also realized that Oando plc had failed to established an actual system of internal panels over its financial reporting as necessitated by xxxxxxx Section 61 of the ISA 2007, xxxxxxx thus compromising the truthfulness of the corporation’s xxxxxxx fiscal panels and commentary (ProShare Research, 2019)xxxxxx.
xxxxxx (a total of 2300 word count)