(Great English is a must!! No grammar errors!) (Everything is attached) (Do not use other sources than the one provided) (1 Page, Single Spaced, APA Format) -------------------------------- Subject of the paper: Case Analysis based on specific framework Requirement: As an intrepid business explorer, you will write a simple 1-page memo (single-spaced ok, 12 pt font), analyzing the five forces of the safari tour operator industry. Please use only the Porter 5 Forces article as your framework(i.e. no other frameworks from this or other classes). Take the perspective of a potential new entrant to the safari tour operator industry. In other words, you are considering competing against Extraordinary Journeys and the other industry incumbents. Guidelines: Use your very limited space wisely. I'd recommend: 1.A one to two sentence intro giving your overall perspective on the industry and whether you think it is economically profitable to enter. 2.Then, in bullet-point format, you should cover each of Porter's 5-Forces, in turn: For each force, you should identify whether that force is conducive to earning excess profits (i.e. sustainable and above-average) as a potential entrant to the industry. Specifically I would recommend defining each force in terms of the threat level it poses to the profitability of a potential entrant. Example: Imagine you want to buy a ranch to raise beef cattle. Using a Porter's five forces analysis, you would have to conclude that ranching is a high rivalry business (lots of ranches out there) and that the rivalry force therefore represents a high threat to earning above-average profits. In other words, it is suggestive of lower profits to potential entrants. I highly recommend reading the 5 forces article carefully to find some of the more interesting and advanced factors such as threat from vertical integration from buyers or suppliers. 3.Next, give us a short summary of your conclusion (enter or not) and what forces(s) helped you make this decision. 4.Finally, in just a short paragraph of 2-4 sentences, please answer the core case question: Which of the three proposed courses of action (Marketing/PR/Software) should Elizabeth pursue? Why? Other information: You do not need a summary or extensive introduction to these short assignments. Note: Do not use outside sources only the sources I have provided Format: APA FormatNo plagiarism is accepted1 Page Single Spaced *** The work will be checked for plagiarism through Turnitin by the professor. It is essential for everything to be free of plagiarism otherwise sanctions will be imposed*** -------- Thank you for your support

Assignment Purposes/Learning Outcomes: After completion of Assignment-2 students will able to understand the LO 1.2: Describe how to evaluate macroeconomic conditions such as unemployment, inflation, and Growth LO 1.3: Recognize the fundamental determinant's of a nation's long-run economic growth. Assignment 2 Questions: Week 6 to Week 10: - [5 Marks] Assignment 2 Case Study When taxes induce people to change their behaviour—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving. Consider a person 25 years’ old who is considering saving $1,000. If he puts this money in a savings account that earns 8 percent and leaves it there, he would have $21,720 when he retires at age 65. Yet if the government taxes one-fourth of his interest income each year, the effective interest rate is only 6 percent. After 40 years of earning 6 percent, the $1,000 grows to only $10,290, less than half of what it would have been without taxation. Thus, because interest income is taxed, saving is much less attractive. Some economists advocate eliminating the current tax system’s disincentive toward saving by changing the basis of taxation. Rather than taxing the amount of income that people earn, the government could tax the amount that people spend. Under this proposal, all income that is saved would not be taxed until the saving is later spent. This alternative system, called a consumption tax, would not distort people’s saving decisions. Various provisions of the current tax code already make the tax system a bit like a consumption tax. Taxpayers can put a limited amount of their saving into special accounts—such as Individual Retirement Accounts and 401(k) plans—that escape taxation until the money is withdrawn at retirement. For people who do most of their saving through these retirement accounts, their tax bill is, in effect, based on their consumption rather than their income. European countries tend to rely more on consumption taxes than does the United States. Most of them raise a significant amount of government revenue through a value-added tax, or a VAT. A VAT is like the retail sales tax that many U.S. states use, but rather than collecting all of the tax at the retail level when the consumer buys the final good, the government collects the tax in stages as the good is being produced (that is, as value is added by firms along the chain of production). Various U.S. policymakers have proposed that the tax code move further in direction of taxing consumption rather than income. In 2005, economist Alan Greenspan, then Chairman of the Federal Reserve, offered this advice to a presidential commission on tax reform: “As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth—particularly if one were designing a tax system from scratch—because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues.” 1: What should be taxed - Personal Income or Personal Consumption and why? Provide your opinion based on the case.(200 words) [1.5 Marks] 2: How may it affect Saudi Economy if an income tax is imposed in KSA? (200 words) [1.5 Marks] Q2: Saudi Arabia’s Ministry of Human Resources recently announced an increase to the monthly minimum wage from 3000 SAR to 4000 SAR for full-time Saudi workers in April 2021, and introduced a Labor Reform Initiative (LRI) scheduled to take effect on 14th March 2021. [2 Marks] a.Discuss the implications of the above topic. b.Will this impact unemployment in the country? How? Answer: