30 Apr LIST AND EXPLAIN GOVERNMENT INTERVENTION OPTIONS TO CORRECT SUCH MARKET FAILURES.
Explanation of the demographic demand pattern: Are certain consumers buying these garments more than others? 5
(iv) Explanation of possible causes for and effects of shifts in demand and supply in this market. 5
(v) Comparison with named fashion stores, illustrate and explain:
a. own price,
b. income elasticity for various demographic groups 10
(vi) Explanation all possible types of market failures for ‘Primark, particularly on the basis of ethical issue. 10
(vii) List and explain government intervention options to correct such market failures. 10
(viii) Description of how such government intervention could affect demand for Primarks product; and discuss:
a. limitations,
b. costs and benefits of the options for government intervention. 10
(ix) Recommendations to the firm as well as to the government. 10
(x) Appropriate sources for your analysis, including government, business and academic reports and journal articles, reliable news services, and excluding internet sources of uncertain or questionable origin. 5
(xi) Coventry University Harvard style. 5
(xii) Format 5
(xiii) Reflections 5
Notes
This assignment accounts for 40% of the module mark.
Final submission date: see Moodle
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