2025
Orientation to Teaching Economic and
Management Issues
OTE 2601
ASSIGNMENT 01
DEPARTMENT: CURRICULUM & INSTRUCTIONAL
STUDIESE 2601
YEAR MODULE
, Assignment 1
Due date :19 may 2025 16:00 pm
QUESTION 1
1.1 What to produce (4 marks)
Advice to a beginner consumer or producer includes:
Identify consumer needs and wants: Focus on producing goods or services that
meet a specific demand in the market.
Research market trends: Observe what products or services are popular and
sustainable in the long run.
Consider available resources: Choose to produce what you can afford and manage
based on your skills, capital, and materials.
Assess profitability: Choose to produce goods or services that can generate
sufficient income or value.
1.2 How to produce (4 marks)
Advice:
Choose efficient methods: Use the most cost-effective and productive techniques.
Consider environmental impact: Opt for methods that are environmentally
friendly and sustainable.
Utilize available technology: Leverage technology to reduce costs and improve
quality.
Evaluate labour vs. capital: Decide whether production will be labour-intensive
(more human work) or capital-intensive (more machines and equipment).
Orientation to Teaching Economic and
Management Issues
OTE 2601
ASSIGNMENT 01
DEPARTMENT: CURRICULUM & INSTRUCTIONAL
STUDIESE 2601
YEAR MODULE
, Assignment 1
Due date :19 may 2025 16:00 pm
QUESTION 1
1.1 What to produce (4 marks)
Advice to a beginner consumer or producer includes:
Identify consumer needs and wants: Focus on producing goods or services that
meet a specific demand in the market.
Research market trends: Observe what products or services are popular and
sustainable in the long run.
Consider available resources: Choose to produce what you can afford and manage
based on your skills, capital, and materials.
Assess profitability: Choose to produce goods or services that can generate
sufficient income or value.
1.2 How to produce (4 marks)
Advice:
Choose efficient methods: Use the most cost-effective and productive techniques.
Consider environmental impact: Opt for methods that are environmentally
friendly and sustainable.
Utilize available technology: Leverage technology to reduce costs and improve
quality.
Evaluate labour vs. capital: Decide whether production will be labour-intensive
(more human work) or capital-intensive (more machines and equipment).
