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
