Question
Come to think of 2 Alternative Courses of Action that is relevance to the study below: Case Study: Price of Pinoy Tasty Seen to go
Come to think of 2 Alternative Courses of Action that is relevance to the study below:
Case Study:
"Price of Pinoy Tasty Seen to go up "
The case study views the impact of hike in tariff on the import of flour from Turkey and the corresponding stand of bakers and flour millers on it.
The case study considers the time of 2010-11 and the last year in respect to the date of case taken and the price of Turkey flour in the referred period.
The case study highlights the dual problem of flour millers who lobby the authorities to impose tariffs and bakers who negotiate for a limited rise in price of flour.
The case study aims to highlight the ongoing negotiations on the imposition of tariffs on the import of flour from Turkey.
The alternative course of action to the current scenario could be imposing standards for the domestic produce of flour and providing subsidies to the flour millers.
The case study analysis shows that increasing the tariff rate is a fair option as a retaliatory measure against the dumping practices of Turkey's exporters.
Given the difference between the bakers and flour millers, it is difficult to reach any conclusions. It is recommended that a middle path or any other solution must be found to solve the problem.
The action plan must be constructed based on the recommendations of the alternative course of action.
Explanation:
I.Viewpoint: The given case study views the impact of tariffs on import of Turkish flour on the Pinoy Tasty's price. The bakers went on in discussion with DTA (Department of Trade and Agriculture) and the Philippine Association of Flour Millers (PAFMIL) have pending petitions with DA (Department of Agriculture) in this respect.
The case study presented in the question essentially highlights the possible economic impact of the imposition of a higher tariff by the Department of Agriculture (DOA) under the government of Philippines on the import of Turkish flour on the price of Pinoy tasty in the Philippines. A potential or possible imposition of tariff on the import of Turkish flour by the Philippines government would lead to an increase in the price of imported Turkish flour, which is an essential ingredient or raw material used for the production of the Pinoy tasty in the Philippines thereby causing concern for the local producers and sellers of Pinoy tasty in the Philippines. As a consequence, the price of the Pinoy tasty is also expected to rise as the price transmission effect of an increase in tariff by DOA on Turkish flour import. As pointed by the presidential spokesperson and various Millers Association, the pending tariff increase on Turkish flour import by the Philippines could have an adverse economic impact on the price of the local Pinoy tasty bread which would have an undesirable economic welfare impact on the local consumes of the tasty bread in the local or domestic market in the country. However, the expected timeline of the tariff increase or hike in import duty has not been clearly specified by the government officials which raises further concerns regarding the specific timeline of the possible price hike of the tasty bread in the local Pilipino market. As mentioned by the Philippine Association of Flour Millers (PAFMIL), the overall export of Turkish flour has increased substantially since 2011 and the export price of the flour has decreased during the last year.
Therefore, in light of the main content and overview of the case study presented in the question, the main research or empirical issue or problem would be the adverse or undesirable economic impact or consequence of a possible increase in the tariff on Turkish flour import on the price of the Pinoy tasty in the domestic or local market in the Philippines. Now, in this regard, based on the main economic issue or problem highlighted or pointed out in the case study, the primary or main empirical or research objective would be to analyze or assess the potential economic impact of a possible increase in the tariff by the Philippine government on Turkish flour import on the price of the Pinoy tasty bread in the domestic or local market in Philippines.
Now, on the basis of an empirical analysis on the economic impact of a tariff increase on the import of Turkish flour by the Philippine government on the price of the Pinoy tasty in the country, the alternative courses of actions could essentially refer to the alternative measures or policies to the imposition of a tariff increase on Turkish flours that the government of Philippines or the DOA can implement in order to prevent any possible price hike of the Pinoy tasty bread or products in Philippines and at the same time appropriately address the economic interests and welfare of the local flour producers and manufacturers in the county. Therefore, the alternative measures or policies by the government would be mainly intended to provide or ensure an optimal economic solution that would raise or maximize the economic welfare of all the concerned economic agents or entities, in this instance. As the conclusion of the empirical or research analysis, some of these alternative policies or measures can be explored in further detail and stated as recommended alternatives to the proposed tariff increase on the import of Turkish flour by the country. These alternative recommendations or possible policy measures again should be based on a thorough empirical or research analysis on the concerned topic and the economic welfare impacts on all the concerned economic entities or agents involved in the concerned matter or issue presented in the case study.
The research or empirical analysis of the economic impact of the tariff increase by DOA or the government of Philippines would expectedly involve a thorough and comprehensive empirical research procedure or method including data or information collection on the research problem or issue, proper and adequate organization and analysis of the data or information collected, employing various appropriate data analysis methods or approach, evaluating the research or empirical findings or results of the research, and recommending appropriate and relevant alternative policy measures by the government that would generate economically optimal outcomes, in this context. Thus, the overall empirical analysis needs to follow a definite and systematic plan of action or a research plan that would lead to empirically valid research outcomes and results. This is an extremely imperative step of the research process which could determine the validity of the research estimations and results that could potentially determine the planning and effectiveness of any alternative policies that can be undertaken by the government in this instance with the main objective to prevent any undesirable economic welfare impact of a tariff increase on Turkish flour import on the domestic Pinoy tasty market in Philippines.
II. Time context: The case study first talks about the comparison of Turkish flour's average price in 2010 which was $276 per metric ton (mt) in the Philippines while it was $600 in the domestic market (Turkey). In the next year (2011), the average export price stood at $388 per mt while the price in Turkey was $600 per mt. The last year in reference to the case study's present year sees an average price of $479 per mt. Therefore, PAFMIL states in the time context of the case study that the export of flour from Turkey to the Philippines grew by 16% in 2011 and shows a growth rate of 71% last year as against a growth rate of 1-2% of the local/domestic flour mills.
III.Problem Statement: How can Pinoy Tasty use their available production materials for a lower cost, not compromising the consistency, speed of production of their product and have the lowest possible price rise so that they do not lose their current customers.
IV.Objective Statement: The objective of study is just to highlight the situation of import of flour in Philippine from Turkey. The case study aims to highlight the tiff between the flour millers and bakers on the tariff imposition.
V. Alternative course of action:
conduct a 2 alternative courses of action that is relevant to the study above.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started