{"id":3352,"date":"2018-06-11T22:56:24","date_gmt":"2018-06-11T12:56:24","guid":{"rendered":"https:\/\/casestudyhelp.com\/sample-questions\/?p=3352"},"modified":"2018-06-11T23:01:09","modified_gmt":"2018-06-11T13:01:09","slug":"question-on-case-analysis-de-beers-economics-of-supply-and-demand","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/question-on-case-analysis-de-beers-economics-of-supply-and-demand\/","title":{"rendered":"Question on Case Analysis – De Beers-Economics of Supply and Demand"},"content":{"rendered":"

Part A \u2013 Case Analysis – De Beers<\/strong><\/span><\/h2>\n

Economics of Supply and Demand<\/p>\n

Instructions: <\/strong>Please provide a critical analysis of the case using the key questions and statements listed below.<\/p>\n

Please do not respond to these questions individually. Instead, please draft a coherent \u201cmini-report or essay.\u201d<\/p>\n

That covers these aspects. Required word count is 1,000 min. to 1,500 max.<\/p>\n

A.\u00a0<\/strong> Would you agree that the strategic decisional issue of the case is what to do with IIDV? Why? Why not? Please explain.<\/p>\n

B.\u00a0<\/strong> You are a member of the DeBeers Executive Committee who will have to decide what to do with IIDV at the upcoming meeting on November 24, 2015. List 3-5 options that are available in arriving at a final strategic decision in the case. Please identify the preferred option you will be presenting on November 24th, along with a detailed analysis using the questions\/statements listed below:<\/p>\n

a.<\/strong>\u00a0 Analyze the supply and demand data included in the case to present a case in favor and\/or against each of the options you have listed in point 2, above.<\/p>\n

I.<\/strong>\u00a0 Please be sure to use the supply and demand data in your analysis of the pricing in the diamond industry.<\/p>\n

II.<\/strong>\u00a0 You may also attempt to include an analysis of the following statements in your analysis:<\/p>\n

1.<\/strong>\u00a0 \u201cDiamonds have no intrinsic value, yet they have very high prices\u201d — Why do people pay so many for a product that is intrinsically worthless?<\/p>\n

2.\u00a0<\/strong> \u201cDiamonds are infinitely durable, yet they have very low resale prices\u201d — Why are diamond prices so low in the secondary market for pre-owned diamonds?<\/p>\n

3.<\/strong>\u00a0 \u201cThe creation of IIDV helps solve the paradox\/problems arising from statements 1 and 2, above\u201d — Do you agree or disagree? Please explain.<\/p>\n

b.<\/strong>\u00a0 What are the risks and opportunities of IIDV? How would you mitigate or capitalize on these? Please be sure to analyze the full value chain of the diamond industry.<\/p>\n

Part B–<\/strong>Section I Short Answers<\/strong><\/span><\/h2>\n

You should answer 3 of 4 questions. Each answer must be 300 words +\/-10%, double-spaced, 12pt Times New Roman. Diagrams are not included in the length limit.<\/p>\n

1.<\/strong>\u00a0 The government introduces a minimum price for a packet of cigarettes. Explain the impact of supply and demand in the short run.<\/p>\n

2.\u00a0<\/strong> Explain the three different ways in which governments can control prices and output in natural monopolies.<\/p>\n

3.<\/strong>\u00a0 Explain how firms profit maximizes including how they set output and price.<\/p>\n

4.<\/strong>\u00a0 Describe the key factors that determine the price elasticity of demand.<\/p>\n

Section 2 \u2013 Extended Essay<\/strong><\/span><\/h2>\n

Please answer the question below. Answer in 1,500 words +\/- 10%, double-spaced 12pt Times New Roman . You are mentioned that in answering the questions, you should make use of core concepts covered in the course. Be sure to cite whenever referring to external sources adequately.<\/p>\n

\u201cMonopolists are more likely to develop innovations than firms involved in price competition.\u201d<\/strong><\/p>\n

Discuss using examples from real business and industry examples.<\/p>\n

\"Hire<\/a><\/p>\n