Title: Consumer Demand (Total Marks 20)
A marketing manager at the Ford Motor Company in Belgium is preparing a briefing on consumer demand for a new model to be sold mainly in other parts of Europe. Consider the issues that this briefing should contain
Draw what you consider may be the demand curve for this new Ford model in, say, the United Kingdom. Illustrate the effect of
- A fall in the sterling euro exchange rate,
- An increase in the price of Honda cars made in the UK
For Part 1
Individuals are required to prepare a set of relevant graphs and discuss the issues the marketing manager will be need to present in his briefing for the new model.
For Part 2
Individuals are required to prepare a demand curve showing clearly the effects of (a) and (b).
Report: Maximum number of pages 10 or 2500 words Max
Marks will be deducted for late submission.