STRATEGIC SOURCING (MNP370-1)
ASSIGNMENT 2
2021
Guidelines to answer Assignment 02:
Instructions for answering the multiple-choice questions:
Write down:
(a) the number of the question,
(b) the option representing your answer,
(c) reasons for choosing that option, and
(d) reasons why each of the other options are incorrect.
Example:
Question 1
Under which market structure is there only one supplier that can provide a product or
services?
[a] oligopoly
[b] perfect competition
[c] monopoly
[d] recession
Question 1: Option [c] monopoly is correct, as this market structure is characterised by a single
seller selling unique products in the market. In a monopoly market, the sellers face no
competition, as they are the sole seller of goods, with no substitutes. They enjoy the power of
setting the price of their goods.
Option a, oligopoly is incorrect, because as in this market structure there are … Option
b, perfect completion is incorrect because as this market structure there are… Option
d, recession is incorrect as it …..
Please note – no marks will be given for the theory or explanation if it is copied and
pasted out of the prescribed book. Your answers should not exceed two pages in total. Some
of the multiple-choice questions will test your insight and will not be directly from the study
material. Your assignment should not exceed three pages.
ASSIGNMENT 2
2021
Guidelines to answer Assignment 02:
Instructions for answering the multiple-choice questions:
Write down:
(a) the number of the question,
(b) the option representing your answer,
(c) reasons for choosing that option, and
(d) reasons why each of the other options are incorrect.
Example:
Question 1
Under which market structure is there only one supplier that can provide a product or
services?
[a] oligopoly
[b] perfect competition
[c] monopoly
[d] recession
Question 1: Option [c] monopoly is correct, as this market structure is characterised by a single
seller selling unique products in the market. In a monopoly market, the sellers face no
competition, as they are the sole seller of goods, with no substitutes. They enjoy the power of
setting the price of their goods.
Option a, oligopoly is incorrect, because as in this market structure there are … Option
b, perfect completion is incorrect because as this market structure there are… Option
d, recession is incorrect as it …..
Please note – no marks will be given for the theory or explanation if it is copied and
pasted out of the prescribed book. Your answers should not exceed two pages in total. Some
of the multiple-choice questions will test your insight and will not be directly from the study
material. Your assignment should not exceed three pages.
