CXC Principles of Business Exam guide: Section 5: Production



CXC CSEC Principles of Business Exam guide: Section 5: Production Marketing

CXC CSEC Principles of Business Exam Guide

 

Profile 2: Production, Marketing and Finance

Section 5: Production

 

SPECIFIC OBJECTIVES

The students should be able to:

CONTENT
1.

Identify factors in the production of goods and services;

Factors of production: Land, Labour, Capital, Enterprise.

2.

Identify industries developed from the natural resources of Caribbean territories;

Caribbean industries developed from agricultural produce and mining.

3.

Differentiate between production and productivity;

The effects of efficiency in the production of goods and services.

4.

Explain the importance of productivity

Productivity as it relates to the efficiency of labour, including its value and importance; the factors affecting its supply; human resource development (including education, health, and working conditions).

5. Outline the effects of migration;

Migration and its positive and negative effects on the labour force.

6.

Describe the role of the entrepreneur in the decison making process;

Importance of entrepreneurial organizational skills.

7.

Explain the role of capital in production;

Fixed working and venture capital.

 

8.

Differentiate among the various production levels;

 

Production levels: subsistence, domestic consumption, surplus and export.

9.

Classify the different types of production;

 

Types of production:

(a) extractive; (agriculture, mining, fishing)

(b) construction; (building)

(c) manufacturing; (assembling, refining)

(d) service; (transport, communication,      tourism)

10.

Describe the characteristics of cottage industry;

Cottage industries:

(a) home-based;

(b) mainly manual;

(c) small scale;

(d) use of local raw materials;

(e) use of family members as labour.

11.

Outline the opportunities for and the benefits of developing linkage industries;

Linkage industries:

(a) backward;

(b) forward;

12.

Outline the factors that determine the location of a business;

 

 

Factors affecting location:

(a) geographical;

(b) availability of raw materials and      supplies;

(c) infrastructure;

(d) power;

(e) water;

(f) transport;

(g) health facilities;

(h) labour supply;

(i) governmental regulation

 

13.

Outline the functions of a small business;

Functions of a small firm

14.

Explain the effects of growth on a business;

 

Growth of a busines sand effects on:

(a) organizational structure;

(b) capital;

(c) labour;

(d) scale of production. (economies of      scale)

(e) use of technology.

(f) potential for export.

15.

Describe the economic and social implications of technological development.

 

Capital intensive versus labour intensive production in developing countries, mechanization and automation, e.g. computer-aided design (CAD) and computer aided instruction (CAI).


4.25
Average: 4.3 (8 votes)
Your rating: None
rochelle's picture
rochelle (not verified)
pob

explain the effect of growth on scale of production and potential for export

rochelle's picture
guest (not verified)
POB

I love this site it helps a lot with my studies

rochelle's picture
guest (not verified)
this subject is great

this subject is great

rochelle's picture
guest (not verified)
yes it is an great subject i

yes it is an great subject i like P.O.B very much.

rochelle's picture
nickolette johnson (not verified)
principle of business

THE INFORMATION GIVEN WAS VERY USEFUL THANS FOR PROVIDING IT

rochelle's picture
guest (not verified)
principles of business

yes it's very use full an thank you CXC

Kathy-ann Daniel's picture
Kathy-ann Daniel
Offline
Joined: 24 Aug 2007
CaribExams is not affiliated with CXC

The CaribExams.org website is NOT affiliated with the Caribbean Examinations Council (CXC). Please see our front page for this notice.

Kathy-ann Daniel-Gittens

rochelle's picture
whitney (not verified)
social studies

i love this subject

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.