Part 1. After reading Chapter 22, answer the following questions:

1. How would you describe the distinction between Supply Chain Management and Value Network Management?

2. What is the difference between a Vision Statement and a Mission Statement?

Part 2. Provide a critique of the course. Identify 3 elements of the course that you believe are effective and 3 elements that can be improved. 250 words


Evaluate the following statement using economic reasoning: “A monopolist can charge whatever she wants because she is the only source available.”50 words

Identify and describe a real world example of an oligopoly. What characteristics of this market fit the definition of an oligopoly? What role does advertising play in this market? Is this consistent with what you’ve learned about advertising and oligopoly in this course?50 words

We’ve covered quite a bit of ground over the last several weeks and I hope you all now have a better understanding of microeconomics. For this week’s discussion, I’d like you to reflect on what you’ve learned and answer the following questions: Did you find the subject to be more applicable to your everyday life than you expected? What surprised you the most of the content in this course? 250 words

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