6.1 Give ONE example of how an entrepreneur can improve the productivity of his/her staff - NSC Consumer Studies - Question 6 - 2019 - Paper 1
Question 6
6.1 Give ONE example of how an entrepreneur can improve the productivity of his/her staff.
6.2 Explain the disadvantages of ONE of the following in the production o... show full transcript
Worked Solution & Example Answer:6.1 Give ONE example of how an entrepreneur can improve the productivity of his/her staff - NSC Consumer Studies - Question 6 - 2019 - Paper 1
Step 1
Give ONE example of how an entrepreneur can improve the productivity of his/her staff.
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Answer
One effective way an entrepreneur can enhance productivity is through providing staff training. By investing in skill development and training programs, employees become more adept at their tasks, resulting in higher efficiency and productivity.
Step 2
Explain the disadvantages of ONE of the following in the production of quality products: Stock management system shows too much stock
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Answer
A disadvantage of having too much stock in the management system is that it requires additional storage space, which can lead to increased costs. Furthermore, excess stock may become obsolete or deteriorate over time, negatively impacting product quality and tying up capital that could be utilized elsewhere.
Step 3
Write a paragraph to explain what sustainable consumption is.
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Sustainable consumption refers to the use of goods and services that meet current needs without compromising the ability of future generations to meet their own needs. It involves making conscious choices that minimize environmental impact, utilize resources efficiently, and promote economic and social equity. By adopting sustainable practices, consumers can support the preservation of the ecosystem, ensuring that resources remain available for future use.
Step 4
Name FOUR items of information that should be included on the label.
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Trade name/mark
Product name
Materials used/Fabric fibres/100% cotton
Washing and cleaning instructions
Step 5
Name the problem/challenge that this business enterprise initially experienced.
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The business initially faced a challenge in sourcing raw materials, specifically finding the specific yarns and cotton supplies needed for their production.
Step 6
Identify FOUR production costs that this business has to pay.
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Rent for premises
Raw materials (cotton yarn)
Labour/wages/salaries
Electricity
Step 7
State the type of media that this business mainly uses to promote their products.
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Electronic media, specifically the internet.
Step 8
Name and explain TWO different distribution options used by this business.
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Direct distribution: They sell directly to customers at craft markets.
Wholesale distribution: They supply shops and chain stores.
Step 9
The bathmat costs R211,10. Calculate the amount of profit they make on each bathmat that they sell.
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To calculate the profit, first determine the profit percentage: 70% of R211,10 is calculated as follows:
Profit=0.70imesR211.10=R147.77
Thus, the business makes R147,77 profit on each bathmat sold.
Step 10
Calculate the profit that the business will make when they sell 70 throws per month.
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The profit for selling 70 throws, each with a profit of R450,00, can be calculated as follows:
Totalprofit=70imesR450.00=R31,500.00
Therefore, the business makes R31,500.00 profit in total for selling 70 throws.
Step 11
Give an explanation for the increase in sales.
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Sales may increase during June and July due to colder weather, prompting people to seek out throws and rugs for warmth. Additionally, this time may coincide with the availability of discretionary income from savings, leading to increased purchasing activity as consumers spend on comfort products.
Step 12
Analyse the information and explain why Amelia Jackson Industries is showing sustainable profitability.
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Amelia Jackson Industries demonstrates sustainable profitability as it has been in operation since 1989 and has established a strong market presence. The business offers a variety of quality products that fulfill market needs and maintain good customer relationships. Additionally, their focus on product diversity, including various types of rugs and household items, enables them to cater to a wide customer base, supporting ongoing demand and profitability.
