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
An entrepreneur can improve productivity by providing staff training. This ensures that employees are well-equipped with the necessary skills and knowledge to perform their tasks efficiently.
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 stock management system that shows too much stock can lead to increased storage space requirements. Additionally, stock can become obsolete or deteriorate during storage, which can compromise its quality. There is also the risk of capital being tied up in excess stock that could have been utilized in other areas.
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 minimizes environmental impact and promotes the well-being of current and future generations. It encompasses making choices that reduce waste and ensure that natural resources are conserved and used efficiently. Sustainable consumption encourages the responsible production and consumption of products that do not harm the environment and supports the long-term viability of ecosystems.
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 (e.g., Fabric fibers/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 experienced a lack of available raw materials, which made it difficult to source the specific yarns and cotton supplies needed for production.
Step 6
Identify FOUR production costs that this business has to pay.
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Rent for their premises
Raw materials (cotton)
Labour (wages/salaries)
Utilities (electricity)
Step 7
State the type of media that this business mainly uses to promote their products.
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Electronic media/Internet.
Step 8
Name and explain TWO different distribution options used by this business.
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Direct distribution/selling: They sell their products directly to customers at craft markets and online. 2. Wholesale distribution: They supply shops and chain stores, allowing for a wider customer base.
Step 9
The bathmat costs R211,10. The business makes 70% profit on each bathmat. Calculate the amount of profit they make on each bathmat that they sell. Show ALL calculations.
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Profit = 70% of R211,10
Calculation:
Profit = 0.70 x R211.10 = R147.77
Step 10
The business makes R450,00 profit per throw. Calculate the profit that the business will make when they sell 70 throws per month. Show ALL calculations.
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Total profit = R450.00 x 70
Calculation:
Total profit = R31,500.00
Step 11
Give an explanation for the increase in sales.
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Sales increase during June and July as it is winter, and people are likely to purchase throws and rugs to keep warm. Additionally, consumers may have more disposable income after summer holiday spending.
Step 12
Analyse the information and explain why Amelia Jackson Industries is showing sustainable profitability.
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Amelia Jackson Industries has been in business since 1989, establishing a strong presence and customer loyalty over the years. They offer a variety of products that meet market demand, ensuring steady sales. Their focus on quality and customer feedback contributes to repeat business. Furthermore, their diverse product range appeals to different customer segments, enhancing profitability. Their business model adapts to seasonal trends, allowing them to maximize revenue during peak times.
