CIE Business-Studies Paper-1: Specimen Questions 4 - 6 of 14

Passage

Hari’s son Mukul owns a business that assembles computers. He believes in giving his workers responsibility to plan their own work. ‘I just let them get on with their jobs as I’m sure that this freedom motivates them’ he said. ‘I help organise training for them if they need it’.

Question number: 4 (4 of 4 Based on Passage) Show Passage

Short Answer Question▾

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Do you think that responsibility motivates employees? Explain your answer.

Explanation

Yes, this responsibility motivates the workers as they feel liberal and work more enthusiastically and also they are not bounded with any sort of predefined plans, they can carry and plan out work according to their convenience which makes them happier and thus motivated towards their work.

Passage

Ravi Yadav lives in a city in country Z. The city has a big Indian population. When Ravi was looking for a business opportunity he identified a niche market in selling saris and similar clothes to Indian ladies. He imports the clothes from country X and sells them to retailers in his city.

Question number: 5 (1 of 4 Based on Passage) Show Passage

Short Answer Question▾

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Ravi’s business is that of a wholesaler. Why do you think that retailers in country Z don’t buy their clothes directly from the suppliers?

Explanation

Wholesalers are the person who buys various goods or products from the suppliers in larger quantity and sells them to retailers. Suppliers usually sales good in larger amounts, they believe in dispatching goods to people who only take number of goods in larger amount and the retailers do not believe in bulk selling

Question number: 6 (2 of 4 Based on Passage) Show Passage

Short Answer Question▾

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Explain the term ‘niche market’.

Explanation

Niche market means the market in which a specific product is focused. A kind of small market segment in which the price, production, quality, quantity all is carried out keeping in mind the needs of the specific market. Niche marketing believes in being a big fish in small pond rather than being small fish in big pond.

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