Module 13: Business Studies
Production and cost of production.
Use this workbook to practice core KCSE communication skills and record evidence of progress.
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SECTION: BUSINESS STUDIES
MODULE: 13
Part A: Units
1. Production
a. Meaning of production
b. Factors of production
c. Levels of production
d. Specialization and division of labour
2. Cost of production
a. Fixed costs
b. Variable costs
c. Total costs
d. Cost analysis
Part B: Project
Analyze a small production activity and costs.
Project Title: Production and Cost Analysis
Objective: Apply production concepts and compute basic costs.
Project Instructions:
- 1. Choose a simple production activity (e.g., baking, tailoring).
- 2. List the factors of production used.
- 3. Describe specialization or division of labour involved.
- 4. Identify fixed and variable costs and compute total cost.
- 5. Consult your coach where necessary.
Evidence to Submit:
- • Production activity notes.
- • Factors and specialization summary.
- • Cost breakdown and total cost.
Submission
Part C: Training Others
Guide a peer on production and cost concepts.
Guidance:
- • Explain factors and levels of production.
- • Discuss specialization and division of labour.
- • Show how to separate fixed and variable costs.
Reflection:
- • What did the learner understand well?
- • What needed more explanation?
- • What support do you need from your coach?
Submission
Part D: Assessment
Competency Levels:
1 = Expectations not met
2 = Partially met
3 = Satisfactorily met
4 = Excellently met
Self-assessment:
- • Production concepts:
- • Factors and specialization:
- • Cost analysis:
Coach assessment:
- • Production concepts:
- • Factors and specialization:
- • Cost analysis:
Submission
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