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4 marksFactors and Levels of Production

CSEC Principles of Business · May/June 2014 · Paper 2 · Question 4(a)(ii)

Section II requires choosing either Question 4 or Question 5. Question 4 covers production concepts and productivity.

Differentiate between subsistence production and domestic production.

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Other parts of this question

  1. 4(a)(i)Differentiate between production and productivity.[4 marks]
  2. 4(b)(i)Define the term 'capital-intensive production', giving two examples.[4 marks]
  3. 4(b)(ii)State one advantage and one disadvantage of capital-intensive production.[2 marks]
  4. 4(c)Discuss two measures which production managers could implement to bring about greater productivity.[6 marks]

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