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State FIVE requirements that the packaging of a product should adhere to - NSC Consumer Studies - Question 6 - 2017 - Paper 1
Question 6
State FIVE requirements that the packaging of a product should adhere to. Give THREE reasons why a tidy workplace is important for a business. Name TWO main purpos... show full transcript
Worked Solution & Example Answer:State FIVE requirements that the packaging of a product should adhere to - NSC Consumer Studies - Question 6 - 2017 - Paper 1
Step 1
Identify THREE types of media Vuyo uses to promote his business.
Answer
Vuyo uses the following types of media to promote his business:
- Electronic media / internet - This includes a website or social media platforms to advertise his services.
- Printed media / flyers - Distributing flyers to reach local customers directly can be very effective.
- Outdoor media / delivery van - Utilizing his delivery van as a mobile advertisement, making his business visible in the community.
Step 2
Refer to the advertisement and quote TWO phrases that refer to product specifications.
Answer
Two phrases from the advertisement that refer to product specifications include:
- "Tents, stretch tents (variety of colours and sizes: 3 m x 3 m to 10 m x 10 m)" - This indicates the sizes and color options available.
- "Tables, tablecloths (round, square, rectangular), chairs, chair covers (variety of colours – white and black)" - This specifies the types and variety of tables and chairs available for rent.
Step 3
Explain what made Vuyo move from an idea to a business venture.
Answer
Vuyo transitioned from an idea to a business venture based on several factors:
- After observing a gap in the market for entertainment services, he recognized the growing demand for event equipment.
- He conducted a financial feasibility study, which revealed the potential profitability of his business idea.
- Vuyo started small by renting equipment and, witnessing the positive feedback and support from friends, decided to fully commit and launch his own business.
Step 4
Discuss THREE reasons why Vuyo's business meets the requirements of quality service.
Answer
Vuyo's business demonstrates quality service through:
- Clear communication - He provides complete information about his services, ensuring clients have clarity on what to expect.
- Organizational skills - Vuyo maintains efficient storage of equipment, leading to timely and effective service during events.
- Client satisfaction - He proactively collects feedback and ensures repeat customers are happy, thus building a trustworthy reputation.
Step 5
Give reasons why it was beneficial for Vuyo to do a financial feasibility study before he started his business.
Answer
Vuyo’s financial feasibility study was beneficial because:
- It helped him assess the strengths and weaknesses of his business idea, allowing him to make informed decisions.
- He gained insight into potential profitability and sustainability, helping to secure a loan with a clear repayment plan.
- The study assured him of the market demand for his services, which reduced the risks associated with starting a new business.
Step 6
Discuss THREE factors that Vuyo had to consider when choosing a suitable location for his business.
Answer
When choosing a suitable location for his business, Vuyo had to consider:
- Availability of transport - Ensuring easy access for clients to pick up and return equipment was crucial for logistics.
- Proximity to clients - A location near his target market would reduce travel time and costs, enhancing service efficiency.
- Space for equipment - He needed a location with adequate space to store his rental equipment securely and efficiently.
Step 7
Motivate why Vuyo's business is sustainable.
Answer
Vuyo's business is sustainable due to several factors:
- He started with a loan that he was able to pay off quickly, indicating a strong cash flow.
- The efficiency in managing costs and the ability to keep up with trends in events allows for consistent customer engagement.
- His effective use of marketing strategies, such as utilizing social media and local advertisements, ensures a continued stream of clients.
- With the potential for growth and adaptation in services offered, Vuyo's business is setup for long-term sustainability.