Question

Identify the socio-economic issues affecting KB Trading in EACH statement below:
5
1.5.1
Some of the employees of KB cannot read letters and emails.
1.5.2 KB uses water treatment recycling technologies due to lack of rain.
(4)
S
Discuss the negative impact of the socio-economic issues identified in QUESTION
1.5 lack of skills on businesses.
(8)​

Answer 1

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Answer 2

The socio-economic issues affecting the firm are-:

(1.5.1) Lack of proper education and skills is the cause and the socio-economic issues concerning that employees of KB trading cannot read letters and emails.

• Education and the development of basic skills and knowledge are the most integral part of work culture. It provides people basic understanding of mundane and specific things and activities. It makes one understand how to survive with a skillset and earn a livelihood out of it.

(1.5.2) Improper water cycle

• When forests are fewer, it rains less and this affects the water cycle and this is why they have to use technologies of water treatment recycling. Change in climate and temperature changes of the ocean leads to drought.

(1.5) The negative impact of a lack of skills concerning the business is that one will lack productivity and efficiency and the generated output will not match and will be lesser than the anticipated or required one and in order, the firm may incur losses. A skill set is a basic requirement for employment and job creation and it makes one an asset for the business firm as well as the nation.

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