2nd year Management activities

Activity 01:
Text: Ship Blocks Suez Canal

On March 23, 2021, a ship travelling through the Suez Canal became jammed diagonally across the
canal. The 400m long ship, called the Ever Given, was caught unexpectedly by high winds and got stuck in
sand at the edge of the canal.

It took 6 days to rescue the Japanese-owned ship. Dredgers and excavators were used to move
thousands of cubic meters of sand, and 14 tugboats were used to move the ship.

The canal was closed for 6 days and at least 369 vessels were left waiting to transit the 193km canal.
This represented tens of billions of dollars in global trade. Oil prices rose as ships transporting oil were
delayed.

Many other ships decided to take the longer route around the Cape of Good Hope. This diversion
adds 9000km to their journey, takes 7-10 days longer and costs a lot more in fuel.

Questions 01:Answer the following questions of understanding: (4 points)

 What was the name of the ship that was stuck?

a. Japanese-owned b. Suez Canal c. Ever Given d. Good Hope

 How long was the ship stuck for?

a. 6 days b. 7-10 days c. 14 days d. 369 days

 How long is the Suez Canal?

a. 9000 km b. 193 km c. 400 m d. 369 km

 Which of these statements about the ship is NOT true?

a. It is called Good Hope b. It is owned by a Japanese company c. It is 400m long

d. It was stuck for 6 days in the Suez Canal

 What happened as a result of the canal being closed?

a. Oil prices rose b. Oil prices dropped c. All ships travelled via the Cape of Good Hope

d. Money was saved

 What was NOT used to rescue the ship?

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a. Aeroplanes b. Excavators c. 14 tugboats d. Dredgers

 What did the Excavators and Dredgers move?

a. Thousands of cubic meters of sand b. Tens of billions of dollars in global trade

c. Oil d. Ships

 If a ship goes around the Cape of Good Hope instead, which of these statements is NOT true:

a. It will take 7-10 days longer b. They will travel 9000km further

c. It costs more for fuel d. It is quicker

Question 02: Answer with true or false (6points)

1. The Suez Canal long is 1500 km

2. When the canal being closed All ships travelled via the Cape of Good Hope
3. 14 tugboats were not used to rescue the ship
4. The Excavators and Dredgers move tens of billions of dollars in global trade
5. The ship that was stuck named Japanese-owned
6. If a ship goes around the Cape of Good Hope instead; it will take 7-10 days longer

Activity 02:
Text : Supply and Demand

In the business world, it’s common to hear and see references to supply and demand. With that said,
few individuals possess a thorough understanding of the idea and its wide-ranging impact on markets,
prices, and consumers. In short, supply and demand refers to the force of consumers (or how much
customers want or need to buy something) in relation to the available supply (or how much of something
companies are able to sell). Generally speaking, high demand results in limited supply and increased prices,
and low demand results in an ample supply and decreased prices.

This latter phenomenon - the correlation between supply and demand and prices -might sound
confusing at first, but it’s actually rather simple. When there isn’t enough of something available for sale to
satisfy demand (or so that everyone who wants this “something” can simply purchase it), manufacturers, or
businesses that produce a product or products, charge more; they are able to do so because they aren’t faced
with competition (as whatever they’re selling is in demand and presumably not offered by many other
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businesses), and customers are willing to pay more to secure said product. Inversely, if something is
available in abundance, companies will have to contend with competition, or actions taken by a company
that’re designed to improve its market standing, sales, and ultimately, profits.

An example will make the concept of supply and demand entirely clear. Imagine that a company
creates a fantastic video game system that many customers want to buy. Demand will build both naturally
and as the product isn’t available to buy (this marketing technique is utilized by many companies today; not
being able to purchase something seems to create consumer buzz), and if the supply doesn’t increase to give
every willing customer a system, prices will rise. In other words, if customers have no other way to buy the
system than through its manufacturer, and are having a hard time finding the system to buy, they’ll be
willing to pay more to buy it.

On the other side of the coin, a product that’s not proprietary, is widely accessible, and can be sold
by any company - pasta, for instance - will be manufactured, marketed, and sold by a number of businesses.
One company might sell a box of pasta for $10, and another company could respond to this price by selling
their own pasta for six dollars, and another company could sell their pasta for four dollars, and so on and so
forth until the price has been driven down to a very affordable rate. Demand won’t be particularly high in
this scenario, as there will be plenty of the product at-hand to go around. Moreover, demand comes before
competition; if demand is relatively low because a supply is high, prices will fall and some degree of
competition will occur.

Questions: answer the following questions of understanding (5 points)

 What is supply and demand?

a. The amount of something that’s available to purchase b. How much consumers are willing to pay for a
product

c. The maximum possible price for a product c. The force of consumers in relation to the available
supply

 What prices do high and low demands create, generally speaking?

a. High demand creates low prices b. Low demand creates high prices

c. High demand creates high prices and low demand creates low prices

d. Both demand types create low prices

 If a company produced a small quantity of an in-demand product, what would happen to prices?

a. They would rise b. They would fall c. They would stay the same
d. None of the above

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  Companies sometimes limit their supplies to:

a. Decrease demand b. Increase prices

c. Increase demand and lower prices d. Decrease demand and lower prices

 What is commonly associated with low demand and low prices?

a. Proprietary products b. Ample competition c. Items that can be crafted by many companies
d. 2 and 3

Question 02: (5 points)

in a paragraph of no more than ten lines introduce yourself, what your interests are, and what is the
motivation behind your choice and study of your current specialty.

‫مالحظة‬

‫أي اجابه ترسل الى البريد اإللكتروني يجب ان يكون البريد اإللكتروني باالسم الحقيقي للطالب وأي بريد الكتروني ال يحمل االسم الحقيقي‬
‫للطالب ال تصحح اجابته‬

‫البريد االلكتروني الخاص باألستاذة‬

sarrabb77@gmail.com

‫تاريخ اخر اجل لتسليم النشاط‬

29 ‫ وأي تسليم بعد هذا التاريخ ال يقبل‬2024 ‫مارس‬