Section I - Multiple Choice (5 Viewers)

[janice.poon]

Re: Business Studies Section I: Multiple Choice

I think its consumer. I mean it could be aimed more at the 15-20 or whatever age group it was, but anyone would still buy it since it is still normal jewellry.

Niche would be something like a market where you would not buy unless you need it, like say, you are allergic to metal and need specific materials for you jewellry.

I think the 15-20 is to throw people off.

I puy consumer. I also think that they put the age bracket to trick you. The question said it the business sells jewellery to people age 15-20. Not forgetting that MALES can ALSO wear jewellery, it is consumer. If is was niche it would have been:

"a business selling jewellery to females age 15-20" --> and also, there are different types of jewellery (cheap, low quality or high corporate pricing

I would be baffled if it was niche :S

Just my opinion tho!

 

[1337z4u12]

i dont remember the questions but im sure the first one was niche. If it was consumer then they would be targeting the whole market ie anyone interested in the product, not just 15 - 20 yo's.

whats done is done though. there seemed to be some ambiguous questions throughout.

 

[sir-study-alot]

can anyone scan their copy i forgot mine when i left ....

 

[shady145]

theres an easy way to settle this !

what did namu put?

+1
lololol

 

[blake1991]

Hmmm. I don't completely agree with your teacher.

The question explicitly says 15-20 year old boys. No reference is made to income, you cannot assume it is aimed at the higher income group of people simply because it is a Jewellery store. They could develop a cheaper product to cater for a variety of socioeconomic classes. Imo, Jewellery is simply there to confuse people.

Let me give you an example. Say I'm the store owner of the shop. I go to a shopping centre and hand out pamphlets to all 15-20 year old looking boys. Am I satisfying this target market? yes. Does it necessarily mean they're high incomed? no.

In one of my exams, a question talked about a magazine company targeting males aged 18-35. It was a short answer question that asked for the type of market. Niche market was not accepted, market segment was. Market segment also falls under the category of consumer market.

But then again, I agree the question is ambiguous. It's up to the board to decide.



I don't think they've ever accepted two answers for a HSC. It's usually the most correct one.

Thank you. Here, evidence from an actual marker. I agree it was only thrown in to trick people.

 

[blake1991]

i believe i can shed some light to multiple choice #1

My dad is actually one of the HSC markers for the business studies exam and he said that the answers have been drafted and marking criteria's are in the process of being finished. As of now, the answer currently CONSUMER MARKET but is subject to change if a large portion of students do infact choose niche market as their answer. I.e both answers are likely to be marked correct.
He also said that the extended response questions were a little ambiguous and asked for to much contented in the expected time frame; they will likely be marked easier to compensate for any difficulties.


now that all that is cleared, stfu and go study for english paper two.

Shit wrong quote, this was the guy i was supporting

 

[shady145]

Thank you. Here, evidence from an actual marker. I agree it was only thrown in to trick people.

first question of the HSC or any paper is generally suposed to be easy and i dnt think they would of made it hard... i think its either on or the other, imo its niche... jacaranda tells me so XD

 

[turbo2007]

I don't know how to make anything more clear. A market segment IS a market niche.



Your father is not an HSC marker, stop lying. The Board of Studies already have the answers for the questions and most probably already have the guidelines. They don't just make up questions and then develop guidelines 6 months after they created the test. They also don't have two correct answers.

AJAY, your a fag, therefore your input is not valid nor wanted.

 

[JAM91]

OK
macquarie says....

Consumer market
consumer markets are where individuals and housholds buy or rent products for personal use. The consumer market is the largest type of market

Niche markets
highly specialised products that only a small number of people want to buy or can afford are traded on niche markets. Such markets are very small and are mainly catered for by sall business, such as exclusive fashion retailers

FIRSTLY i think you guys are all looking into multiple choice questions too deeply. they arent there to puzzle you for 10minutes.

SECONDLY i chose consumer market because jewellery for 15-20yr old e.g. DIVA and EQUIP are very cheap and although they may target that age group, i see mums and people going in there to shop too. BECAUSE the STUFF ARE CHEAP, anybody could buy hence the BIG MARKET.

Why niche is wrong?
MACQUARIE states it is something only a small number of people can afford or want to buy hence what i said...CHEAP meaning anybody can buy whether they give you an age group or not doesnt really matter. However if they gave you an age group say wealthy 50-60yr old females then thats different. They may mean BULGARI or CARTIER which is mega expensive. 1 necklace cost $10 000 hence THAT would be niche market.

so finally, you guys are thinking too much into it =.=

my answers
1. A
2. D
3. B
4. D
5. D
6. B
7. A
8. B
9. C
10. D
11.A
12. D
13.C
14. A
15. B
16. A
17. D
18. B
19. A (wrong)
20. C

for question 10 i got A because provision of electronic payment facilities to customers is an internal influence whereas increase in consumer spending power is an external influence so yeah correct answer is A also question 13 is B because determining levels of staff turnover is one of the functions of employment relations

 

[Brennyd]

13 isn't B, it's C. they did not ask for a measure of effective ER..

 

[JAM91]

how does offering share options to employees help employers in fact it costs them money? whereas measuring levels of staff turn over allows employers to see how their employment relations is working and thus improve on it and also these improvements will assist employees......

 

[Brennyd]

i never knew the distribution of shares cost a business money... the whole point of shares is to gain finance for the business. therefore, by issuing shares the business gains financially and also gives the employees a greater involvement in the business, because they want return on those shares that are purchased. that means that BOTH employees and employers gain something, therefore it achieves effective employment relations.

 

[ajay12]

AJAY, your a fag, therefore your input is not valid nor wanted.

Rofl. Just because I did better than you in the Business exam, there's no need for name calling.

 

[JAM91]

i never knew the distribution of shares cost a business money... the whole point of shares is to gain finance for the business. therefore, by issuing shares the business gains financially and also gives the employees a greater involvement in the business, because they want return on those shares that are purchased. that means that BOTH employees and employers gain something, therefore it achieves effective employment relations.

it doesnt assist the business if they give them to them for free? :S and its not exactly a "reward" if employees have to pay for themshare options means that they are GIVEN shares by the business and when they leave they have the OPTION to have the share money paid to them at market price or at the price that they were when issued.SHARE OPTIONS are generally given to CEO's, not employees as it costs the business money

 

[ajay12]

i never knew the distribution of shares cost a business money... the whole point of shares is to gain finance for the business. therefore, by issuing shares the business gains financially and also gives the employees a greater involvement in the business, because they want return on those shares that are purchased. that means that BOTH employees and employers gain something, therefore it achieves effective employment relations.

Um effective employment relations IS measures of effectiveness.

Effective Employment Relations
Role
Commmunication Systems
Training and Development
Rewards
Flexible Working Conditions
Measures of Effectiveness

 

[kenshinx77]

Re: General Thoughts: Business Studies

"An Australian business is negotiating an order with a new overseas customer"

Pretty sure thats exporting.

OMG NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY WHAT WAS I THINKING GOD I WAS ABOUT TO PUT A TT DAMN!!! thats 18/20 -_____-'

 

[Brennyd]

ajay. which strategy may achieve effective employment relations for both employers and employees? a) outsourcing product manufacture b) determining levels of staff turnover c) offering share options to employees d) estimating the cost of retrenchment packages

 

[JAM91]

ajay. which strategy may achieve effective employment relations for both employers and employees? a) outsourcing product manufacture b) determining levels of staff turnover c) offering share options to employees d) estimating the cost of retrenchment packages

C is only for employee benefit and is incorrect as share options are given to CEO's hence B is the right answer

 

[Brennyd]

C is only for employee benefit and is incorrect as share options are given to CEO's hence B is the right answer

your name reads JAM91 to me.. not ajay? weird.

 

[JAM91]

your name reads JAM91 to me.. not ajay? weird.

wo dude no need to get angry cos ur wrong