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CSEC>> Principles of Business

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Questions on Profile Two (part III)
Yvonne Harvey, Contributor

THIS WEEK, we will continue with our questions on profile two, production and markting. The questions being used are taken from CXC (General) paper May/June 1999, questions six and seven. Let us start with question six:

(a) Classify three types of productive activities. (3 mks)

(b) Identify three types of productive activities that are carried out in the Caribbean and list the country in which each is carried out. (6 mks)

(c) (i) State five factors which determine the location of an industry. (5 mks)

(ii) Discuss three economic and social implications of technological developement. (6 mks)

Total: 20 mks

DISCUSSION AND GUIDELINE ANSWER

(a) There are four types of productive activities: extraction, construction, manufacturing and service activities. Any three of the four can be used for the answer.

(b) A number of activities and countries can be used for this answer. Consider the following:

    Agriculture Jamaica
    Fishing Barbados
    Mining Guyana
    Construction Trinidad
    Manufacturing Trinidad
    Transport St. Lucia
    Tourism Jamaica
    Communication Barbados

     

    You should note that other activities and countries may be considered, however, you should identify three different productive activities and the countries in which the activities are observed.

(c) (i) The factors that influence the location of industry include: land, nearness to markets, nearness to raw materials, nearness to a suitable labour supply, nearness to power, climate, infrastructure and the government.

(ii) The economic and social implications of technological development include: increased output, improved standard of living or quality of life, greater speed in producing, improved quality of production, structural unemploy-ment, physical impairment and stress and alienation.

Note that the points discussed can be economic or social in nature and may also be positive or negative. Each implication must be discussed, not listed, for full marks.

Now for the second and final question for this lesson.

(a) Differentiate between the terms 'market' and 'marketing'. (2 mks)

(b) List four marketing activities. (4 mks)

(c) Identify four factors influencing the behaviour of consumers in their choice of local hamburgers over foreign hamburgers. (8 mks)

(d) Discuss three methods a local business may use to promote local hamburgers. (6 mks)

Total: 20 mks

DISCUSSION AND GUIDELINE ANSWER

(a) A market refers to a situation in which buyers and sellers are in contact for the purpose of buying and selling goods and services. Marketing, on the other hand, refers to everything that is done to get goods and services to the right people at the right time and priced in the most efficient manner, while making a profit.

(b) Any four marketing activities can be listed.

Included are: market research, advertising, sales promotion, branding, distribution, sales, pricing; public relations, research and development, marketing mix, etc.

(c) Taste, tradition, quality, price, brand loyalty, income, knowledge of the owners, convenience, the way the good is advertised, etc.

(d) Methods of promotion that can be used include: advertising, sales promotions, publicity, public relations and competitive pricing. Each method should be discussed, e.g., advertising may increase the demand for local hamburgers. The business will sell more and make more profit.

OK friends, that's it for today. Next week will be the final lesson on the questions for profile two. Continue to revise the information related to this profile. Bye for now.

* Yvonne Harvey teaches at Glenmuir High School.

 
 
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