Management Economics Assessment 2

Management Economics
Assessment 2

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Description of the entity..............................................................................................................1
Market analyse.............................................................................................................................2
Different market structure............................................................................................................4
Nature of industry wherein firm operates....................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
An economic branch encompassing application of economic techniques in process of
managerial decision making is said to management economics. Wirth this, organisational
managers decide aspects including planning and controlling (Arblaster, 2018). It is synchronised
among planning as well as control of establishment. Studying managerial economics assist in
solution of problems together with rational configuration. Purpose of the report is to evaluate
economic data as guide to policy making in the company and analyse impact of government
policy on managerial decisions. To gain insights about management economics, considered
company is Tate & Lyle. It is international supplier of food and beverage components to
industrial markets.
The report highlights description of the business, analysis of market and different market
structure. At last, it highlights whether it is optimal for the company to operate in distinct market
structure and suggestion of government intervention.
MAIN BODY
Description of the entity
About the organisation
Tate & Lyle works with the purpose of helping people across the globe making tastier
addition to healthier food and beverage choices, supporting communities and caring for planet
for present and future. It is sugar refining business specialises in converting raw materials
including tapioca and corn into ingredients which add texture, taste along with nutrients to food
and drinks. It has hardworking and vibrant environment that provides full growth opportunities
to its people.
Its products or services
Tate & Lyle sale controlling stake in its primary commodity operations, that spun-out
into stand individual company by leaving other manufacturers to emphasis on its quicker
growing specialist establishment. The entity produces innovative solutions for ingredients for
responding to dynamic consumer needs as well as sustainable competitive position regionally,
locally and internationally. Major products that are offered by Tate & Lyle are Icing Sugar, Jam
Sugar, Fairtrade Light Muscovado, Fairtrade Unrefined Demerara, Jam Sugar, Fondant Icing
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