Management Farming N4 — Memo
November 2018 — N4 — Management Farming
N4
2018
Nated Business
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Q1— Section header —
1.1.5
1.2ECONOMIC SYSTEM ADVANTAGES DISADVANTAGES Capitalism Enjoy economic freedom Experience high fluctuations
1.4.1GDP is the acronym for gross domestic products and it refers to the measure of the quantities of goods and services produced within border of a country within a given period of time. Employees may be paid very lower wages
Q2— Section header —
2.1.1s the process of combining and coordinating the human, physical and financial resources in a manner that a product that is on demand is produced at an affordable price in a conducive working environment for employees.
2.1.2efer to unforeseen circumstances that are outside the control of the management causing the output to deviate from the intended output.
2.1.3
2.2.1Develop alternative solutions Evaluate alternatives It involves becoming aware of the problem and diagnos ing the root cause before attempting to solve it. Develop alternative solutions It involves gathering information of possible solutions to the
2.3.1Medium term objective First I plan a hierarchical structure as to clearly indicate the different levels of authority and communication lines in the organi ation. Secondly I will have to assign authority and responsibility to
2.4.2Functional organisation Functional organisation is an organisational structure where one expert deals with all aspects related to his field of specialisation in the organization. Staff and line organisation is an organisational structure that
2.4.4If there are technological changes in the business If training and development of employees will create other opportunities for their utilisation in the business (3\ [45]45
Q3— Section header —
3.1.1Induction
3.1.2Projection
3.1.3Strategic planning
3.1.4Calendar of activities
3.1.5
3.2.1New training During training the use of descriptions and demonstrations is important for better understanding, also respond to participants' questions for clarity. Allow employees to actively participate in the training session
3.3.1(a\ Solvency refers to the ability of the farm business to meet its long term financial obligations Solvency is the degree to which the current assets of the farm business exceed the current liabilities.
3.3.2
3.4.1Determine the most suitable layout of the farmlands. Develop the crop production schedule having the order of cultivation on each piece of land. Determine the type and amount of fertiliser to be applied for a
3.4.4Ensure quality recruitment and selection of employees. Organise professional training and development of employees. [40]40
Q4— Section header —
4.1.1GRAPH ON SUPPLY OF POTATOES PRICE QUANTITY OF POTATO BAGS NEEDED PER UNIT OF TIME Check that the graph has the following elements axes are labelled and their
4.1.5Is a demand curve. (1\
4.1.6Supply curve opposes the demand curve. (1\
4.1.7The d emand curve represents the quantity of goods or products which can be purchased at a given time by consumers at all possible prices whereas the supply curve represents the amount of products or services offered for sale at a specific price, at a specific
4.2.1Agricultural goods are produced in a raw material form which still needs to be processed as it is not consumable in its original form. This means only a small percentage is sold directly to the final consumer.
4.4Standardisation and grading Recomposition Storage Financing
4.5.1Price elasticity of demand refers to the percentage change in the demand for a product in relation to the percentage change in the price for that particular product.
4.5.2Income elasticity of demand refers to the percentage change in the demand for the product due to the percentage change in income of the consumer.
4.5.3Constant elasticity refers to a percentage change in the price of the product result to the percentage change of quantity products demanded by consumers i.e. a decline in the price of a product causes the increase of the demand for
4.6South Africa is a dualistic market because it is divided into two parts which are the first world and third world segments. The third world is the African market of today which is the main component of the market, Africans earn low
Q5— Section header —
5.1.1Decrease
5.1.2Decrease
5.1.3Decrease
5.1.4
5.2Market condition determine the asking price. Consumer needs which determine where and when goods are distributed. Financial position of the business as it determines how much money can be spent on promotion.
5.3Maximum prices Absolute prices Marketing is a total system of business activities designed to plan, price, promote and distribute want satisfying goods and services to the target market to achieve organisational objectives.
5.4.2The farmer produces first and then seek the market. Sales orientations stimulate sales by advertising, adding value to the pro duct by packaging, promotion and unique trademarks.
5.6.1
5.7Design marketing objectives. Determine the positioning and differential advantage of a product. [40] TOTAL:40
Topics Identified
3
Business EnvironmentsBusiness FunctionsLeadership
Mark Allocation
Sections35 + 45 + 40 + 40 + 40 = 200 marks
Paper information
TitleMemo
SubjectManagement Farming
LevelN4
Document typeNated Business
Year2018
MonthNovember
Pages11
Downloads3
Examination context
Decade2010s
Years ago8y
SeasonSpring (SH)
Start dayThursday
Exam periodNovember 2018
Days since exam2,899
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