Q.2.1 Provide the concept name for the following descriptions. Q.2.1.1 _______ can be defined as intangible commodities.
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Q.2.1 Provide the concept name for the following descriptions. Q.2.1.1 _______ can be defined as intangible commodities.
Q.2.1 Provide the concept name for the following descriptions.Q.2.1.1 _______ can be defined as intangible commodities. (2)Q.2.1.2 Type of operations management where consideration is givento the level of inventory that is on hand and the level ofinventory supplied to meet the predetermined consumer demand. (2)Q.2.1.3 The rate at which goods and services are produced or a taskis completed. (2) Q.2.1.4 A business strategy where a firm createslow price structures to be price competitive. (2) Q.2.1.5 Anorganisation’s ability to meet its short-term obligations. (2) 20;21; 22 2022 © The Independent Institute of Education (Pty) Ltd 2022Page 4 of 7 Q.2.2 Inputs are crucial in the transformation process.With the use of examples, differentiate between transformedresources and transforming resources. (5) Q.2.3. Susan wants tostart selling hamburgers at a local market. Determine the importantinputs Susan requires for a hamburger stall. Be sure to provideinputs of both transformed and transforming resources. (5) Q.2.4Susan wants to hire a cook to assist her at the hamburger stall.Complete the table below to help Susan write a job description andjob specification for the position. Information gathered throughjob analysis: Application to the position of cook at the hamburgerstall: Work activities (1) Human behaviours (1) Machines, tools,equipment and work aids (1) Performance standard (1) Job context(1) (5) Q.2.5 Advise Susan on five elements of the cultural websrelevant to her hamburger stall. Elements of the cultural web wereidentified. 5 marks Discussion of each element within the contextof Susan’s hamburger stall. 5 mark