(LATEST UPDATE ) OTE2601 Assignment 1 2023; Highly Rated

This document contains workings, explanations, and solutions to the OTE2601 Assignment 1 2023. QUESTION 1 In a proposed marketing plan, everything is included that must be done to convey the product or service to the consumer and/or the target market. Elaborate on the 4 P instruments or steppingstones that are necessary to make the plan functional. (25) QUESTION 2 Consumers should learn to act responsibly and to cultivate conservation values. This must be interwoven with economic literacy in primary schools. With this statement in mind, discuss how the consumer will cultivate conservation values in the following factors: 2.1 Rights of the consumer (5) 2.2 Buying and selling (5) 2.3 Quality of goods (5) 2.4 Production of goods and services (5) 2.5 Consumer and the retailer (5) (25) QUESTION 3 Apart from story-telling, in a Grade of your choice, indicate how you would demonstrate your experience as a senior teacher in Economics and Management Sciences at Andisani Anorikonisa High School. How will you use any five teaching and learning methods to train and develop entrepreneurs in the school? Which of the five methods do you regard as the best? Choose one and substantiate on your argument. (25) OTE2601/101 23 QUESTION 4 The financial management of a business is generally concerned with procurement, allocation and the control of financial resources. Illustrate how and why you will use any five of the financial management functions listed below: 4.1 Estimation of capital requirements (5) 4.2 Determination of capital composition (5) 4.3 Choice of sources or funds (5) 4.4 Investment of funds (5) 4.5 Disposal of surplus (5) 4.6 Management of cash (5) 4.7 Financial controls (5)