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1.2.6. Costs involved in trade, commerce and production
A subsection of Commerce, 7100, through 1. Commerce and production
Listing 10 of 54 questions
Fig. 4 shows the costs, in cents, involved in the production of a carton of orange juice which sells for $1.80. retailer’s mark-up 55c marketing 15c transport and distribution to outlets at home and abroad 25c juice processing company’s mark-up 25c storage and packaging by juice processing company 25c juice processing 15c cultivation, harvesting and farmer’s mark-up 20c Fig. 4 Use Fig. 4 to help you to answer the following questions. How much does it cost to process the orange juice? Calculate the percentage spent on marketing a carton of orange juice. Show your working. Why is the retailer’s mark-up greater than that of the juice processing company? Explain two reasons why the juice processing company needs storage. Explain why the orange juice needs packaging. Is the containerisation of road transport of benefit to the juice processing company? Give reasons for your answer.
7100_s14_qp_23
THEORY
2014
Paper 2, Variant 3
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Fig. 1 shows a country’s trade with the rest of the world. Fig. 1 Trade Trade Exports ($m) Imports ($m) Food 10.0 20.0 Primary raw materials 30.5 8.5 Manufactured goods 4.3 35.8 Fuels 1.2 9.2 Electrical goods 3.9 14.7 Other goods 2.5 10.4 Services 6.7 19.8 Use Fig. 1 to help you answer the following questions. In what type of industry would the production of manufactured goods be classified? Circle the correct answer to complete each of the following sentences. A television is an example of a human need OR a human want. A global market is where goods and services are sold in a country OR worldwide. Calculate the total value of each of the following: visible exports. Show your working. invisible trade balance. Show your working. Explain, using an example, one way in which customs authorities could enforce trade restrictions on goods coming into a country. Describe the purposes of these transport documents used in international trade. bill of lading air waybill Evaluate whether or not bonded warehouses are important in international trade. Give reasons for your answer.
7100_s18_qp_23
THEORY
2018
Paper 2, Variant 3
View
Questions Discovered
54