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
6.1 Give ONE example of how an entrepreneur can improve the productivity of his/her staff.
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Answer
One way an entrepreneur can improve productivity is through providing staff training. By equipping employees with the necessary skills and knowledge, they can perform their tasks more efficiently and effectively.
Step 2
6.2 Explain the disadvantages of ONE of the following in the production of quality products: 6.2.1 Stock management system shows too much stock.
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A disadvantage of having too much stock in a stock management system is that more storage space will be required. This can lead to higher storage costs. Additionally, stock can become obsolete or deteriorate during storage, resulting in a decrease in quality. This locks up capital in stock that could be used elsewhere, thereby affecting overall cash flow.
Step 3
6.3 Write a paragraph to explain what sustainable consumption is.
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Sustainable consumption refers to using resources in a way that meets current needs without compromising the ability of future generations to meet theirs. It involves making choices that reduce the impact on the environment, ensuring that natural resources are utilized responsibly. This includes minimizing waste and choosing products that are environmentally friendly and socially just. The goal of sustainable consumption is to create a balance between economic growth, environmental protection, and social equity.
Step 4
6.4.1 Name FOUR items of information that should be included on the label.
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Trade name/mark
Product name
Materials used/Fabric fibers/% cotton
Washing and cleaning instructions
Price
Place where it is made/manufactured
Details of the manufacturer
Step 5
6.4.2 Name the problem/challenge that this business enterprise initially experienced.
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The problem this business enterprise initially experienced was the availability of raw materials.
Step 6
6.4.3 Identify FOUR production costs that this business has to pay.
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6.4.4 State the type of media that this business mainly uses to promote their products.
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They mainly use electronic media/internet to promote their products.
Step 8
6.4.5 Name and explain TWO different distribution options used by this business.
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Direct distribution/selling: They sell directly to their customers at craft markets or through the internet.
Using a middleman: They supply shops and chain stores on a wholesale basis.
Step 9
6.4.6 Calculate the amount of profit they make on each bathmat that they sell.
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Answer
To calculate the profit:
Profit = 70% of R211,10
egin{align*}
Profit &= 0.70 imes R211.10
&= R147.77
ext{(Rounded to R147.80)}
ext{Therefore, the profit made on each bathmat is R147.80.}
Step 10
6.4.7 Calculate the profit that the business will make when they sell 70 throws per month.
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The profit for one throw is R450,00. Therefore, for 70 throws:
egin{align*}
Total ext{ Profit} &= R450.00 imes 70
&= R31,500.00
ext{Thus, the total profit for the month is R31,500.00.}
ext{
Step 11
6.4.8 Give an explanation for the increase in sales during June and July.
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The increase in sales during June and July can be attributed to the cold winter weather. During this time, people are more likely to buy throws and rugs to keep warm. Additionally, there may be an influx of seasonal special offers as consumers spend more on gifting during this period.
Step 12
6.4.9 Explain why Amelia Jackson Industries is showing sustainable profitability.
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Amelia Jackson Industries demonstrates sustainable profitability because:
It has been in operation since 1989, which shows stability and growth.
The business meets a demand for quality products in the market, maintaining customer satisfaction.
They offer products that are washable, catering to a wide variety of customers.
Their ability to adapt and expand their product range ensures they remain competitive in the market. Diversifying their offerings allows them to reach various customer bases, enhancing their profitability.
