Yogurt Ice Cream Store After "A" level Exam - PDG 03/12 Group 1
Q1
Opportunity Cost
Investments
The funds needed to set up the store restricts the investment in stock market/housing developments, which may bring in considerable amount of earnings as compared to the revenue earned from the yogurt business
bonding with loved ones
Devoting time to setting up this business meant the loss of opportunity to spend time with your loved ones. Hence these cherished family ties might deteriorate over time.
Job opportunities
Unable to take up any part time jobs or internships at any companies/firms.Thus lack of job experience and hence lower pay
Further studies
The money used for investing on the business could otherwise be used to further your studies (whether abroad or local).
scarcity
Supply
Since most of singapore's supply come from trade, problems overseas (e.g Natrual disasters, economy downturn, revolutions, political changes etc) could easily affect singapore
Natrual disasters such as flooding which have become more common nowsadays may disrupt supply chains.
e.g Japanese Earthquake cum Tsunami have caused disruptions in the supply chains of automakers
Labor
Small business may have difficulty attracting skilled workers because of competition from established companies, who can offer better pay and more security.
Cash Scarcity
Shop rent
High demand
Higher price rents
Expensive, especially in Singapore
Banks and venture capital companies tend to avoid companies with no track record. Like this one.
As there is no guarantee of the capabilities or success of the venture
One needs to invest in equipment and supplies before generating meaningful sales.
e.g Freezer, Ice blenders
