TMA05
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I hereby declare that this assignment is my own work and that I have not copied material from other sources without referencing them, nor colluded with other students to produce this TMA, nor asked anybody else to do all or parts of the work for me (paid or unpaid).
Signed* ……………………………………… Date ………………………………
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Part 1
- How have you used the feedback you received from your tutor on TMA04 and/or other previous TMAs to help you prepare TMA05. Give one concrete example of how feedback from TMA04 (and – if you wish – from earlier TMAs) has informed what you have written in TMA05.
[Guidance to students:
How have you used the feedback you received from your tutor on TMA04 (and other previous TMAs) to help you prepare TMA05. Give concrete examples of how feedback from TMA04 (and – if you wish – from earlier TMAs) has informed what you have written in TMA05].
(Use approximately 100 words for this part)
Part 2
- Based on the information contained in the case scenario and using concepts from B100 Block 5, Reading 40, analyse the determinants of demand that have the potential to affect the demand for Plastico’s chairs.
[Guidance to students:
This question asks you to use the concepts of law of demand and determinants of demand, using Reading 40, Block 5, and analyse the determinants of demand for Plastico’s chairs as mentioned in the case scenario.
To start with, read the case scenario. Using information from the case, identify and analyse the determinants that have the potential to influence the size of demand for plastic chairs produced and sold by Plastico.
You need to make sure that you provide references where appropriate. So, for example, if your understanding of Law of demand and determinants of demand comes from the B100 readings (as it should), then you need to provide a reference to the relevant reading. Include an in-text citation in your answer here and then provide a full reference at the end of the TMA.]
(Use approximately 400 words for this part)
- Based on the information contained in the case scenario and using concepts from B100 Block 5, Reading 42, analyse the market structure which best represents the market in which Plastico is operating.
[Guidance to students:
Reading 42 of Block 5 has introduced you to the concept of market structure and the various types of market structures in which firms operate (Perfect competition, Monopolistic competition, Oligopoly or Monopoly). This Reading has also explained about the implications of various market structures for consumers and businesses.
Drawing on these concepts and the information provided in the case scenario, analyse the nature of the market structure in which Plastico operates. You should give clear reasons for your answer and use evidence from the case scenario appropriately.
To start with, fill in the table provided below using information from the case scenario and your understanding of the module concepts. Then answer the question based on the evidence you have collected in the table. The table does not count towards the word limit for this TMA but completing it forms part of your assessment.
Make sure that you provide references where appropriate. So, for example, if your understanding of market structure comes from the B100 readings (as it should), then you need to provide a reference to the relevant reading. Include an in-text citation in your answer here and then provide a full reference at the end of the TMA].
Table: Identifying market structure for Plastico
| Characteristics of the market in which Plastico operates | Evidence from the case scenario |
| Number of firms in the market where Plastico operates | [insert evidence from the case scenario]
Maximum 100 words |
| Type of product Plastico produces and sells, as presented in the case scenario | [insert evidence from the case scenario]
Maximum 100 words |
| Interdependence of Plastico on other firms (its competitors) | [insert evidence from the case scenario]
Maximum 100 words |
| Plastico’s pricing power | [insert evidence from the case scenario]
Maximum 100 words |
Answering the question
[Guidance to students:
Use the information you have collected in the table, now write your analysis of the market structure in which Plastico operates and its implications for the firm and its customers]
(Use approximately 400 words for this part)
Part 3
- Explain how you have participated in ONE TGF activity related to Block 5 and what you have learned from participating in that activity.
[Guidance to students:
Briefly describe what the TGF discussion was about and how you contributed. To explain what you feel you have learned from participating in this discussion you could try to link the content of the discussion to module concepts, or you could consider how your work practices or your study skills have benefitted from participating in the discussion.]
(Use about 100 words for this part)
References
[Guidance to students:
This part contributes to the 5% of the mark for this TMA allocated to correct academic writing and referencing.
Here you need to add the full references for the in-text citations that you have provided in your answers. You don’t need to provide very many references but at the very least there should be a reference to the B100 Reading and to the case scenario.
You should by now be able to cite and reference both module Readings and the case study correctly, following the pattern of previous TMAs.]
The reference list does not count towards the word limit for this TMA.
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