LIMKOKWING UNIVERSITY OF CREATIVE TECHNOLOGY SIERRA LEONE
Assignment Brief
Faculty of Business Management & Globalization
DIB/BBIB Semester: 03
September 2025 to January 2026
1. Task:
Define Business Economics and highlights it differences. Explain with examples the scope of Business Economics
2. Task
Why do you think business owners in Freetown sometimes reduce the quantity of goods (like rice cups, bread size) instead of increasing prices?
3. Task
Write one page on a real-life example of Chicken town fast food and Restaurant and explain one economic decision they made (e.g., pricing, reducing size, changing suppliers).
4. Task
Discuss how globalization has affected consumer behavior in your country. Provide two specific examples of products or services that have become more popular due to globalization, and explain why this trend has occurred.
Instructions/Brief:
- Prepare a comprehensive written report summarizing your research and findings.
- Organize the report with clear sections for each market structure and analysis.
- Include an abstract, introduction, conclusion, and references.
5. Assessment Criteria
This assignment carries 100 marks and contributes 15% to the total mark of this module.
The following table breaks down the specific marking Criteria to be used for this particular assignment.
| CRITERIA | MARKS |
|---|---|
| Understanding of Concepts: Demonstrated understanding of Business Economics principles. | /25 |
| Application: Effective application of concepts to the given scenarios. | /35 |
| Analysis: Depth and clarity of analysis and critical thinking. Practicality and relevance of proposed strategies and solutions. | /20 |
| Applies appropriate academic writing conventions, including clarity, coherence, and coherence in written communication. | /15 |
| Presentation | /5 |
| Total | 100 |
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