Set up a yogurt ice cream store after 'A' Levels Exam- PDG 0412 Kelvin

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Yoghurt Ice Cream

Supply

Price of Capital Goods [COP]

Technology

Advanced Technology allows for lower frequency of Maintenance

Maintenance Fees Cheaper, COP Cheaper

Advanced Technological Machines for Yogurt Ice Cream Production

Improved Efficiency of Production (Less Ingredient Wastage, Hastens Production Rate)

Cheaper Cost of Production for the Long Run

Increased Price of Milk (Capital goods)

Lower Profits

Demand

Increase in Income

Society more willing and able to afford yoghurt (a normal good)

Taste & Preference

Unique

Less competition

3 different competitors selling ice cream

MacDonald's

My Dessert House

Andersen's Ice cream

Society becoming more conscious of health

Preference for healthier choice of ice-cream

By: PDG 04/12 Lionel Clement Karl Kelvin Rachel

Choice to be made

Setting up Yoghurt stall

Reasons for Setting Up a Yoghurt Stall

Personal Passion and Interest in setting up a Yogurt Icecream Stall

Support of Family Members in Yogurt Ice Cream Business Endeavour

Situation of Society favors the Success of a Yoghurt Stall

Opportunity Cost

Knowledge Acquired from University Education

Earning a degree

Brighter Alternative Job prospects

More stable income

Going to University VS Setting up a Yogurt Ice-Cream Stall after A Level Examinations

alright

lol hi clement

finally can access lol

Scarcity

Time

Time used to set up business/ Time used to study

Capital

Money used to set up the business/ Money used to fund university fees