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New Chapter has decided to diversify and start selling take away coffee which is very much in demand by their customers and would also entice passers-by into the bookstore - Junior Cycle Business Studies - Question c - 2019
Question c
New Chapter has decided to diversify and start selling take away coffee which is very much in demand by their customers and would also entice passers-by into the boo... show full transcript
Worked Solution & Example Answer:New Chapter has decided to diversify and start selling take away coffee which is very much in demand by their customers and would also entice passers-by into the bookstore - Junior Cycle Business Studies - Question c - 2019
Step 1
Outline two benefits of the proposed 'latte levy'.
Answer
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Revenue Generation: The implementation of the 'latte levy' would result in increased revenue for the government through the tax collected from disposable coffee cups. This revenue could be utilized in environmental conservation efforts or public services.
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Environmental Impact: The levy is expected to encourage consumers to switch to reusable cups, thereby reducing the number of disposable coffee cups used daily. This could contribute significantly to decreasing environmental pollution.
Step 2
Explain one other step a consumer could take to be more ethical in their purchasing decisions.
Answer
One additional step consumers can take is to buy Fairtrade products. This involves choosing items from companies that ensure producers are paid a fair price for their goods. By doing so, consumers support ethical practices and help improve the livelihoods of workers in developing countries.
Step 3
Outline one advantage and one disadvantage to the consumer of using contactless payments.
Answer
Advantage: Using contactless payments is much safer as it eliminates the need to carry cash, reducing the risk of theft. It is also more convenient for making quick transactions easily.
Disadvantage: A notable disadvantage is the risk of losing the card, especially if it is stolen, since it can be used without needing a PIN. Additionally, there is often a limited spending cap, such as a €30 limit per transaction.