IGCSE, A Level Business Student Forum

kn] by finishing the product from raw material to final good
app] for exp a sugar company buy the sugar cane process it and sell the sugar to customers
an] so this is the way in which it add value to the product and sell it at high price as they do inovation and improvemnet inn the product before ...

kn] primary sector provide raw material and secondary sector take the raw material make it into final product and then sell it
ap] for example in furniture industry primary sector provide wood by cutting trees and secondary make furniture and sell to consumer with final product
an] so this is the ...

kn] primary sector cut trees from forestry and provide to businesses
app] for example the wood which is provided to furniture factories is provided by vendors which cut trees from the jungle/forest
an] so the role of primary sector is clear in this as provide the main course of their production ...

kn] impact by unemployment and businesses shut down
app] for example less fishes would close fishing companies and make local fisherman unemployed
an] this would make the economy slow down in upgrading countries unemployment level rises government burden decrease gdp decrease in country

kn] because of advancement and technology there
ap] for example they use machines for mining fishing and agriculture
an] this reduce the demand of labour there as machines are the alternative workers there to work decreasing the workers demand for it

kn] primary sector is important for manufacturing business because it provides raw material to them for use
app] for exp a gold shop buys gold from the primary sector to furnish further
an] it is fully dependent on the primary sector most probably as manufacturing business needs different raw ...

kn] oppurtunity cost can do it beacuse considering both options in one phase together'
app] for example a factory want to buy a new plot or upgrade machinery in the same unit
an] so he will be looking which would be more creative efficient and productive for their factory in future and what are the ...

[KN] As business cant produce everything so he will choose a single product to produce easily in case of scarcity
[APP] for e.g. if raw material of donuts get expensive and bread cheap in bakery so he will choose bread as the main course of bakery
[AN] This specialisation would make business easy ...

kn] time is really a scarce resource as limited in nature as other activities have to fit in this
app] for exp a student have to fit in and schedule his academic actvities in time to manage the studies
an] this creates scarcity because time is limited and have to cover all syllabus and content in ...

[KN] Inflexible workforce means not adaptable to the changes in business. Inflexible workforce would make business not to meet changing consumer demands.
[APP] For example; if a worker working on stitching of clothing is asked to work on packaging for some days as the other employee is on leave.
[AN ...

kn] they have to hire unskilled to survive in market
app] for exp to live in market and maintain their business operations
an] so the quality and service will decrease customer will complain about your service leading to customer dissatisfaction and less sales in future to survive in market

[KN] The time lost due to the job would be the opportunity cost.
[APP] For e.g. The student can consume this time in further studies.
[AN] This would put further pressure on him to cover his/her syllabus in limited time available. (1) Also, during the exams since he/she have not practiced well, this ...

[KN] As every worker perform a single task repeatedly making him bored and careless.
[APP] For e.g. in toy factory a person repeatedly fitting the toys would increase the chances of mistakes while fixing it.
[AN] Increased mistakes means more burden on the supervisors (1) who are checking the ...

kn] economic problem is limited resources but unlimited wants
app] as government has to build a motorway but the hospitals demand increase because of any disease
an] thus the government has to forgive one thing and make a single thing only at time so the left one is oppurtunity cost this is called ...

kn] by adding unique features in the phone
app]giving a high mega pixel camera
ann]this will make the customer brand loyal and will be easy to charge high price easily and by adding this unique feature the product will be marketed automatically