Analyse, individually and in teams, the role of fundamental micro- and macroeconomic principles in...

Question

Analyse, individually and in teams, the role of fundamental micro- and macroeconomic principles in business decision-making. b) Analyse the impact of industry competition on individual businesses. c) Analyse, from an economic and ethical perspective, business behaviours in a national and global context. d) Analyse the impact of monopolies and monopolistic competition within an industry. e) Evaluate the impact on industry of manipulations of economic factors by the public sector. f) Communicate complex economic concepts to business professionals.
	
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ECON6001 Economic Principles 
Subject Code and Title 
Assessment Assessment 4 - Report 
Individual  
Individual/Group 
1000 words 
Length 
a) Analyse, individually and in teams, the role of 
Learning Outcomes 
fundamental micro- and macroeconomic principles in 
business decision-making.  
b) Analyse the impact of industry competition on 
individual businesses.  
c) Analyse, from an economic and ethical perspective, 
business behaviours in a national and global context.  
d) Analyse the impact of monopolies and monopolistic 
competition within an industry.  
e) Evaluate the impact on industry of manipulations of 
economic factors by the public sector.  
f) Communicate complex economic concepts to 
business professionals.  
By 11:59 pm AEST/AEDT Sunday of week 10 
Submission 
20% 
Weighting 
100 marks 
Total Marks 
 
Context: 
This written assignment will cover content from modules 3 and 4 (imperfect competition). 
Imperfect competition exists whenever a market violates the abstract tenets of perfect 
competition. Since all real markets exist outside of the plane of the perfect competition 
model, each can be classified as imperfect. These markets exist in the form of structures 
such as monopolies, oligopolies and monopolistic competitions. 
Instructions: 
You are required to analyse market structure of any chosen organisation within a country. Your 
analysis should include all characteristics of that particular market structure, such as: 
? Number of sellers and buyers 
? Type of product  
ECON6001_Assessment Brief 4  Page 1 of 4? Entry to and exit conditions from the market 
? Short run vs. long run profits 
? Price determination

Submission Instructions:  
? Include a cover sheet that contains your subject name, full name and student ID 
number. 
? Clearly indicate question number and part thereof for each of your answers.  
? Submit as a Word document only. Do not submit a pdf. 
? When inserting diagrams such as a graph the following are...

David · Accepted Answer

Buyers and Seller of Honda 
HONDA Australia has affirmed it will sell 48,000 vehicles subsequently year, a 
increase of 8000 units on this year’s probable outline,  first and foremost to growth 
approximately the new Civic hatchback and CR-V and Type-R, all put to launch in 2017. 
The estimate figure for next annual year accurately matches that of Kia Motors 
Australia (KMAu) and would push both brands further than Subaru keen on a clash for eighth 
place on the top 10 sales charts. 
Honda Australia director Stephen Collins downplayed the sales race but said “the 
brand was already regularly in seventh position with private buyers and did not participate in 
the rental market, unlike Kia.” 
“We’ll announce that officially our number will be 48,000 for next year (and) that’s 
big growth in a market that is only up one or two percentage points,” he said. 
“It will be pretty much on the back of Civic hatch – which we have not been 
competitive with for a long, long time – and CR-V. We’ve had two years of 40,000 (sales) 
and we’ve tried to stabilise our business and get those core cars spot on, and the next 12 
months for us are about growing those two cars particularly. 
“We measure our business by private share, I mean we look at total share but it 
doesn’t really drive us that much. Our private share (of the total market) is around 6.5 per 
cent, so as an example in the last two months I think we’ve been ranked number seven in the 
market ahead of some other pretty big players who do a lot of fleet, rental and other type of 
business.” Based on official VFACTS November results, Honda’s market share of 3.4 per 
cent was adrift of Kia’s 3.6 per cent and Subaru’s 4.0 per cent. Although it 
includes hatchback players as well, the sedan-only Civic’s 3.2 per cent overall share of the 
sub-$40K small-car segment is substantially lower than its private portion, according to Mr 
Collins.
“A good example I always think is Civic sedan,” he continued. 
“I think HR-V has 13 to 14 per cent private market share,

Analyse, individually and in teams, the role of fundamental micro- and macroeconomic principles in business decision-making. b) Analyse the impact of industry competition on individual businesses. c)...

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