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Assignment (Principles of Economics)8 pages .................................... assignment_4.docx Unformatted Attachment Preview The Assignment Guideline and Processes. For this continuous assessment (CA – 5) each of you will be required/instructed to choose at least two small scale businesses selling the same type of commodities, located nearby your place, for the purpose of analysing and comparing. Option: you can also use the internet and find at least two small scale businesses to analyse and compare (the same instruction as above). The main purpose of this assignment (CA-5) is to use the right methodology of obtaining correct information that link to the topic of your choice. Learning to analyse business information and data and compile them in the form of an effective short report. Note: Since this is a final continuous assessment, it is therefore an individual task. Assessment tasks. 1. Based on the result of your findings (the result of your research OR interview), describe in the form of a brief paragraph of the following: [10 marks] 1;1. Location of each business 1.2. How these 2 competitors do the business: (1 mark) (3 marks) 1.3. What are the problems they faced and the products they are selling: (3 marks) 1.4. Who are their main competitors in the existing marketplace: (3 marks) 2. Write a brief history of each business you have chosen. 2.1. Brief history of business 1: 2.2. Brief history of business 2: (Diploma in Logistics Management, LTM) – Year 1 – TEST 1 – PECON. I.II – AY 2019 – 2020 [6 marks] (3 marks) (3 marks) Page | 2 3. Produce a brief summary of your report using the grid below. Business 1 Location Business 2 Total Total marks earned marks 2 Number of employees 2 Products and services 2 Estimated number of customers per week 2 Date of the business founded 2 Who are the owners 2 The purpose of organizing the business 3 Recent development of the business 3 18 Total marks (Diploma in Logistics Management, LTM) – Year 1 – TEST 1 – PECON. I.II – AY 2019 – 2020 Page | 2 4. Produce a comparative analysis between the two businesses of your choice using the grid below. Business 1 Comparative descriptions (i) (ii) (iii) (iv) Business 2 Total marks Compare the nature of competition between business 1 and business 2 Compare their business competing strategies 5 Compare their development 5 Total earned marks 5 Total 15 Marks 5. Examine how these two businesses of your choice (Business 1 and Business 2) similar and differ from each other. (4 marks) 6. Conclude your report briefly. (4 marks) 7. Discuss how Coronavirus (COVID-19) impacting Oman’s small-scale businesses and what actions will you take to protect them. Use 150 words. (10 marks) -End of Questions & Good Luck- (Diploma in Logistics Management, LTM) – Year 1 – TEST 1 – PECON. I.II – AY 2019 – 2020 Page | 2 Marking Criteria Below is a marking descriptor to act as guideline for LTM students and teacher. It is adapted to LTM students studying PECON. I.I. in the diploma level. Mark 5 (9.510) 4 (89.3) Knowledge and understanding of theories and concepts Application of theories and concepts Analysis of economics problems and issues Evaluation of economic arguments and evidence, making informed judgment Effective and transferable skills (Generic skills) Excellent Excellent Excellent Excellent Excellent A comprehensive, highly structured, focused and concise, response to the assessment task, consistently demonstrating an extensive and detailed knowledge of the subject matter. A comprehensive, highly structured, focused and concise, response to the assessment task, consistently demonstrating a highly developed ability to apply this knowledge to the task set. An exceptional ability to organize, analyze issues clearly with a high level of critical analysis. An exceptional ability to present arguments fluently and clearly supported by evidence. Very Good Very Good Very Good Very Good Exceptional leadership and contribution to teams or peers. Demonstrates academic/intel lectual originality, imagination and professional skills. Very Good A thorough and wellorganized response to the assessment task, demonstrating a broad knowledge of the subject matter. A thorough and well-organized response to the assessment task, demonstrating considerable strength in applying the knowledge to the task set. Good Substantial engagement with the assessment task, demonstrating a well-developed capacity to analyze issues and organize materials. Good Substantial engagement with the assessment task, presenting arguments clearly with wellsupported evidence. An adequate and competent response to the assessment task, demonstrating the capacity to apply knowledge appropriately to the task set. An intellectually competent and factually sound answer, with some critical awareness and analytical qualities. An intellectually competent and factually sound answer with some evidence of capacity for original and logical thinking Good 3 (77.9) An adequate and competent response to the assessment task, demonstrating adequate but not complete knowledge of the subject matter. Good (Diploma in Logistics Management, LTM) – Year 1 – TEST 1 – PECON. I.II – AY 2019 – 2020 Provides an exemplar of leadership and contribution of teams. Demonstrates Academic/inte llectual and professional skills. Good Good intellectual skills with (team) leadership and professional skills. Page | 2 2 (66.9) 1 (15.9) Satisfactory Satisfactory Satisfactory Satisfactory Satisfactory A response to the assessment task which fails to meet the minimum acceptable standards yet demonstrates major deficiencies in structure, relevance or focus engaged with subject matter. A response to the assessment task which fails to meet the minimum acceptable standards yet demonstrates the capacity to complete only part of the task. A factually sound answer with a partially successful, but not entirely acceptable, attempt to integrate factual knowledge. A factually sound answer with a partially successful, but not entirely acceptable, attempt to develop arguments. Fails to achieve module learning outcome Fails to achieve module learning outcome Fails to achieve module learning outcome Fails to achieve module learning outcome A response to the assessment task, which is unacceptable, with an answer which in unacceptably incomplete. An unacceptable level of intellectual engagement in the assessment task, with no analysis or critical awareness displayed. Weak intellectual skill and difficulty with expression (communicati on skills) insecure professional skills. Little contribution to teamwork. Fails to achieve module learning outcome A response to the assessment task, which is unacceptable, with a display of some knowledge of material related to the question posed with major inaccuracies included in answers. An unacceptable level of intellectual engagement in the assessment task, with no demonstrated capacity for original and logical thinking. Completely unable to work autonomously. Inadequate input to teams and very weak academic/ intellectual skills. Reference: Balasa, A. (2020). Principles of Economics: Continuous assessment -5. [Online Assessment]. Sohar: IMCO Press. (Diploma in Logistics Management, LTM) – Year 1 – TEST 1 – PECON. I.II – AY 2019 – 2020 Page | 2 (Diploma in Logistics Management, LTM) – Year 1 – TEST 1 – PECON. I.II – AY 2019 – 2020 Page | 2 ... Purchase answer to see full attachment