ACCA · Question 47 · Business & Technology
Section B — Multi-Task Question (Syllabus Area A)
Scenario: "BioFarm Co" is a large agricultural cooperative operating in a country where the government heavily subsidizes farming but allows private ownership of land. Recently, a new carbon tax was introduced. A powerful national supermarket chain, which buys 80% of BioFarm's produce, is demanding lower prices. Meanwhile, a new synthetic meat product is gaining popularity among consumers.
Evaluate the scenario and complete the following 4 tasks:
Task 1: Identify the economic system of the country.
Task 2: Identify the PESTEL factor represented by the new carbon tax.
Task 3: Categorize the supermarket chain using Mendelow's Matrix.
Task 4: Identify the Porter's Five Forces factor represented by the supermarket chain's demand for lower prices.
Which of the following combinations correctly answers Tasks 1 to 4?
Answer options:
1: Free market, 2: Economic, 3: Keep Satisfied, 4: Threat of substitutes
1: Mixed economy, 2: Environmental/Legal, 3: Key Player, 4: Bargaining power of buyers
1: Planned economy, 2: Political, 3: Keep Informed, 4: Competitive rivalry
1: Mixed economy, 2: Social, 3: Key Player, 4: Bargaining power of suppliers
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