Photo AI
Question 6
6.1 State TWO requirements that must be considered to ensure quality products. 6.2 Explain why a quality product should have a competitive edge. 6.3 Give FOUR reas... show full transcript
Step 1
Answer
Appropriate for the target group: The product must appeal to the specific preferences and needs of the target market, ensuring it is suitable for them.
Quality of raw materials: Using high-quality raw materials is essential for producing a product that meets quality standards.
Step 2
Answer
A quality product offers a competitive edge because it distinguishes itself from similar products in the market, making it more attractive to consumers. This uniqueness can stem from superior quality, innovative features, or better performance. As a result, customers are more likely to choose a product that offers exceptional value, leading to increased sales and customer loyalty.
Step 3
Answer
Easier access: Locally produced products are usually more accessible and readily available, making sourcing easier for entrepreneurs.
Supporting the local economy: By using local products, entrepreneurs contribute to the support and growth of the local economy, fostering community development.
Freshness and quality: Products sourced locally are often fresher and of higher quality, as they do not have to travel long distances for distribution.
Reduced environmental impact: Using locally sourced products can lead to lower transportation emissions and a smaller carbon footprint.
Step 4
Answer
An entrepreneur should conduct a financial feasibility study before launching a new business or introducing a new product. This study helps assess the viability of the business idea by evaluating potential costs, revenue, and overall financial risks associated with the venture.
Step 5
Step 6
Answer
Availability of ingredients: She needed consistent access to quality ingredients to ensure her biscuits maintained their quality.
Equipment: Essential tools like ovens, mixers, and storage space played a crucial role in her production process.
Step 7
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Cost savings: Buying in bulk typically reduces the cost per unit, allowing Nellie to save money on her raw materials.
Prevention of shortages: Bulk purchasing helps ensure that she has a steady supply of ingredients, reducing the risk of running out during peak demand.
Step 8
Step 9
Answer
Seasonal demand: November marks the beginning of the festive season when consumers are inclined to buy more baked goods for celebrations.
Events and gatherings: Numerous events, such as weddings and family gatherings, occur in November, driving higher demand for biscuits.
Step 10
Answer
Festive holiday season: In November, people often purchase biscuits as gifts or for celebrations, leading to increased sales.
Promotions and offers: Many retailers may offer promotions during this time, encouraging consumers to buy more biscuits for their gatherings.
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