Question 1 (Business opportunity and related factors) 1.1 Visit any FOUR local businesses in your area and observe the following aspects Customers' buying behaviour, e. g. what are the products or services they frequently purchase • Identify a product or service that is in demand and is not currently offered by the businesses in your area. • Identify the type of customers that are more likely to purchase the identified product or service 1.2 Develop a research instrument to find out if your target market will be interested in buying a product or service you have identified. Your research instrument can either be a questionnaire or an interview schedule Your research instrument must be based on the following aspects: Page 2 of 7​

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?

Scientists developed the first successful human cell culture in vitro (grown in a lab) in the 1950s by removing cancer cells from a woman. this concept has allowed modern scientists to successfully grow organs. which of the following answers  bestdetermines why there was success?   neurons send a signal to the cell to multiply.a large blood supply to the cell allows enough nutrients for growth.cells are the basic unit of life and thus can regenerate if in a controlled environment.cells cannot reproduce on their own, and the scientist manipulates them to grow.