As a project work in Business Studies subject, the Commerce students of 'Knowledge School' thought of setting up a recycling plant to recycle all the waste papers from the school and prepare registers and exercise books to be used by the school students. They approached their Principal who not only appreciated the idea of the students but also gave them consent for the same. The school also decided to donate. 50% of the revenue generated from the sale of registers and exercise books to a nearby blind school. (i) State the product related decisions which the children have to take. (ii) Suggest any two factors the children should keep in mind while choosing the right name for their exercise books and registers. (iii) Identify any two values communicated to the society by this project of 'Knowledge School'.
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Solution
(i) Branding, Labelling, Packaging (ii) Short and Simple, Unique (iii) Helping Poor, Ecofriendliness