Economic and Management Sciences Grade 6 2010 Memo (Eng)

Province of the EASTERN CAPE EDUCATION INTERMEDIATE PHASE GRADE 6 JUNE 2010 ECONOMIC AND MANAGEMENT SCIENCES MEMORANDUM MARKS: 50 This memorandum consists of 4 pages.

2 ECONOMIC AND MANAGEMENT SCIENCES (JUNE 2010) QUESTION 1 (LO 1: AS 4) ; (LO 4: AS 4; 5) 1.1 1.1.1 (a) Tax 1.1.2 (a) Factor market 1.1.3 (b) Government supply labour 1.1.4 (a) Enforce the law to keep the economy running smoothly 1.1.5 (c) Wages (1 x 5) (5) 1.2 1.2.1 VAT (1) 1.2.2 Sin Tax (1) 1.2.3 Income Tax (1) 1.2.4 Import Tax (1) 1.2.5 Corporate Tax (1) [10] QUESTION 2 (LO 1: AS 1) (a) Businesses. (b) Households (consumers) offer factors of production to businesses. (c) Businesses (producers) pay households wages/salaried for Labour. (d) Businesses offer/ sell goods and services to households. (e) Households pay businesses for goods and services. (5 x 1) [5] QUESTION 3 (LO 4: AS 5) 1. Product - Fast food Price - Reasonable price Place - Shopping centre Promotion - Menu outside. (1 mark for each element of marketing mix and ½ mark for each examples) (6)

(JUNE 2010) ECONOMIC AND MANAGEMENT SCIENCES 3 2. (a) The place will be affected. (1) (b) She would lose the customers who shop in the shopping centre and people who work in the offices there. (1) (c) She could make fliers to tell the customers the new location of the shop. (1) 3. (a) Selling price would be affected. (1) [10] QUESTION 4 (LO 4: AS 2) (a) Washing Cars – R60,00 (2) (b) Walking dogs – R20,00 (2) (c) Any relevant answer given by the learner. (1) [5] QUESTION 5 (a) (LO 4: AS4) 1. Learners and teachers (2) 2. She can advertise her product by using fliers and posters. (1) 3. (a) Cost price + profit = Selling price R1,50 + R0,50 = R2,00 (1/2 mark for R1.50 and another for 50c and 1 mark for R2,00) OR (2 marks if the learner writes only R2) (2) (b) Selling price = R2,00 x 20 =R40,00 Minus: Cost price = R1,50 x 20 =R30,00 Profit = 10,00 (3) (1 mark selling price, 1 mark cost price and 1 mark profit NB Profit – give mark according to the learners’ calculation. [8]

4 ECONOMIC AND MANAGEMENT SCIENCES (JUNE 2010) QUESTION 5 (b) (LO4 AS4) INSTRUCTION Design an advert for her business. (Having in mind the good qualities of an advert) RUBRIC Criteria 1 2 3 4 Design and Poor design Design not very Good use of colour Design Neatness and lack of original (some and originality in (Colourful, very colour colour and design creative and (creativity) creativity) original) Untidy Satisfactory level Neat and tidy Neat and tidy of neatness Information Lack of Some of the Most information All the relevant relevant information is not given included required information relevant relevant information included (8) [16] QUESTION 6 (a) (LO 1: AS2) Role/Responsibilities of Government Role/Responsibilities of businesses  Ensure that all major roads and  Ensure that there is enough stadiums are in good condition accommodation for tourists  All citizens should uphold the laws  To pay taxes on profit made of the country  To protect businesses from foreign  Employ people/Job opportunities competition  Ensure the safety of all  To sell goods of good quality to tourist Rights of Government Rights of businesses  To charge taxes to businesses on  To protected against crime profit made  Ensure that everybody uses roads  To make a profit and stadiums responsibility  To have less foreign competition (1 mark each x 4) [4] TOTAL: 50