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5.1 Define the term full-title ownership - NSC Consumer Studies - Question 5 - 2024 - Paper 1
Question 5
5.1 Define the term full-title ownership. 5.2 Explain what is an offer to purchase. 5.3 Give reasons why it is cheaper to buy household appliances using cash rathe... show full transcript
Worked Solution & Example Answer:5.1 Define the term full-title ownership - NSC Consumer Studies - Question 5 - 2024 - Paper 1
Step 1
Step 2
Step 3
Give reasons why it is cheaper to buy household appliances using cash rather than an instalment sale transaction.
Answer
Using cash for purchasing household appliances avoids interest payments, which can often add to the total cost. Cash purchases may also allow for discounts that are not available with instalment plans.
Step 4
State the costs that a prospective homeowner will be responsible for before and during the building of a new house.
Answer
Prospective homeowners should account for several costs, including:
- Land purchase costs
- Architectural or design fees
- Building materials and labor
- Permits and inspections to ensure compliance with local regulations
- Utility installation fees
Step 5
Calculate the total instalment sale transaction price of the portable gas stove. Show ALL calculations.
Answer
To determine the total instalment sale transaction price:
Deposit: R59.00 Instalments: R69.00 x 6 months = R414.00
Total price = Deposit + Total instalments = R59.00 + R414.00 = R473.00
Step 6
Analyse how this portable one-plate gas stove: (a) Saves human energy
Answer
The portable one-plate gas stove is lightweight and easy to carry, which makes it convenient for use in various settings. The automatic igniting switch eliminates the need for manual lighting, making it easier to set up quickly.
Step 7
Analyse how this portable one-plate gas stove: (b) Will be a useful purchase for a household.
Answer
This stove can be used for various activities such as camping or travelling, due to its compact size. Additionally, its quick heating capabilities and ease of use make it a practical option for everyday cooking tasks.