GUIDANCE TO STUDENTS: You have already undertaken a final assignment on the UK retail industry. The purpose of the RESIT assignment is to apply the Managerial economic concepts and techniques of the module to the analysis of the UK supermarket industry.

TASKS:
1. Critically evaluate the impact on the UK supermarket sector of the immediate economic uncertainty created by the decision of the United Kingdom to exit the European Union. (25%)
2. “The key players in the UK supermarket sector do not currently seem to follow the form of behaviour expected from an oligopolistic market structure”:
a) To what extent is their behaviour justified given the key drivers for change in the industry? (25%)
b) Critically evaluate the current competitive position of Waitrose. (25%)
3. The annual report and financial statements 2015 of J. Sainsbury plc state:
“Our values remain at the core of our business and are part of our long term strategy for growth and make good business sense”.
To what extent are such value statements consistent with the traditional economic theory of the firm? (25%)

 

 

 

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