MBS686: Economics And Business Strategy Exam Help
Question
MBS686: Students enrolled in the course Economics and Business Strategy at Murdoch University, Australia are required to take a final exam.
For this online exam, students are required to prepare and provide answers for any four questions out of the given five.
Solution
For this Economics and Business Strategy exam help, our academic experts at Online Assignment Services, through their years of academic training and expertise, attempted the final exam providing answers to all four requested questions.
Question 1
In question 1 of this economics exam help, our experts, using supply and demand curves, described
- Laws of demand and supply
- Factors influencing demand and supply
- Meaning of market equilibrium
- Events shifting the D and S curves, resulting in new equilibrium price and quantity
- Government interference in the market
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Question 2
In question 2 of this business exam help, our experts described Porter’s five forced framework including 5 categories that impact the sustainability of industry profits, entry, power of buyers, substitute and complements, industry rivalry, power of input suppliers, and five forces and feedback effect.
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Question 3
In question 3 of this business economics exam help, our experts provided strategies to reduce competition based on
- Entry prevention: limit pricing
- Lessening competition: predatory pricing
- First-mover advantage
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Question 4
In question 4 of this exam help, our experts described Game theory and provided insight into
- Meaning and the reason to study game theory
- Moves, sequential, simultaneous, one-shot vs repeated
- The various strategies used by players in game theory
- Prisoner’s dilemma
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