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sum questions about B.St Paper 1
- Thread starter hamza05
- Start date
Well for the mining question, i wrote
>Power supply must be reliable in region, otherwise mining may not be carried out.
>Local market of minerals, is it worth it?
>Is it feasible to locate in the country, do they have enough funds to do it? Cost of location.
Market was not growing because:
>Imports from competitors
>This one is wrong (I wrote they maximised the consumer base in the country) which is why it is not growing.
And the low prices, i wrote this:
Low prices might definately help boost the business increase sales on short-term. However, it must also be kept in mind that profit margins will be squeezed, therefore less profit will be earned. Also, profit is essential for reinvestment as profit plays a key role in the long term success of a benefit. However, they are many other factors, the business must keep satisfying consumer wants and anticipating their needs, and produce products accordingly. Also, they the long term sucess of a business is ensured by many other factors, too like strategic decisions, as well as the management of the overall businesss. Therefore, lowering prices does not necessarily increase a business' long term growth.
What do you think :S
>Power supply must be reliable in region, otherwise mining may not be carried out.
>Local market of minerals, is it worth it?
>Is it feasible to locate in the country, do they have enough funds to do it? Cost of location.
Market was not growing because:
>Imports from competitors
>This one is wrong (I wrote they maximised the consumer base in the country) which is why it is not growing.
And the low prices, i wrote this:
Low prices might definately help boost the business increase sales on short-term. However, it must also be kept in mind that profit margins will be squeezed, therefore less profit will be earned. Also, profit is essential for reinvestment as profit plays a key role in the long term success of a benefit. However, they are many other factors, the business must keep satisfying consumer wants and anticipating their needs, and produce products accordingly. Also, they the long term sucess of a business is ensured by many other factors, too like strategic decisions, as well as the management of the overall businesss. Therefore, lowering prices does not necessarily increase a business' long term growth.
What do you think :S
Yeah, your answer for low-prices was very good. I also mentioned it was a 'niche market' so long-term growth will require heavy advertising. For market I wrote
1) Interest rates have gon up reducng disposable income
2) Demand for cars is decreasing (change in preference, fashion etc)
Mining I wrote
1) Availability of labour in area
2) Government may not allow drilling in area (Planning permits)
3) Demand for minerals in local market
Are u ready for economics tomorrow??
1) Interest rates have gon up reducng disposable income
2) Demand for cars is decreasing (change in preference, fashion etc)
Mining I wrote
1) Availability of labour in area
2) Government may not allow drilling in area (Planning permits)
3) Demand for minerals in local market
Are u ready for economics tomorrow??
I'm not giving economics, giving other subjects.
Man but tell me, if the demand for cars decreases, won't the market for tyres fall too?
Like they asked for 2 reasons why the market for tires remained the same, and did not grow.
On the overall, the paper was good, except like 1 or 2 retarded questions
Man but tell me, if the demand for cars decreases, won't the market for tyres fall too?
Like they asked for 2 reasons why the market for tires remained the same, and did not grow.
On the overall, the paper was good, except like 1 or 2 retarded questions
- Messages
- 135
- Reaction score
- 10
- Points
- 28
i also wrote that the other elements of the marketing mix needs to be write to determine the long term success