Frequently Asked Questions - All FAQs
Please select your question category
The target market and its size, produce, Volumes, prices, the actors, existing infrastructure, climate etc
Collection in one place to bulking of produce so that volume of produce can be achieved and the traders will be attracted to visit the farmer’s place;
Overall Satisfaction Measure (Emotional), Loyalty Measurement (Effective, Behavioral) ,A Series of Attribute Satisfaction Measurements (Effective and Cognitive)
Honesty is key, Remember that your customers are people, not numbers, Who they are, What they do, Why they buy, When they buy, How they buy, How much money they have, What makes them feel good about buying, What they expect of you,What they think about you, What they think about your competitors
Define your target customer, Estimate the number of target customers, Estimate the number of target customers, Calculate the potential market size: Volume and value
MESPT interventions are spread across the whole value chain with an intervention of enhancing quality production, marketing, finance and provision of BDS services
2. How can an organization become a partner in the annual BDS conference which MESPT is a secretariat?
The platform is open to all development agencies, private umbrella associations and public institutions
Yes. The BDS conference, quarterly industry meetings among others throughout the year
MESPT has a Public Resource Centre where all the materials can be accessed
5. What value chain studies has MESPT carried out in the past and how can one get the resource material?
Dairy, Export Vegetables, Macadamia, Sunflower, Cashew Nuts, Mango, Coconut and Passion Value chains. Several assessments have also been conducted and readily available at the MESPT Public Resource Centre located at MESPT Plaza -Westlands
Strategic planning and proper budgeting
7. In order to meet the needs of the people in every society, What should we produce? How should we produce it? For whom should we produce it?
Stimulate demand to inform production
Innovation is important at all stages of development; specifically the creation and diffusion of technologies are important for economic growth and welfare across all economies.
Improved brand image and competitive advantage, Increase productivity and reduce costs, Increase business ability to comply with regulation, Attract employees and investors, Reduce waste, Make shareholders happy
11. Why is the consumer increasingly taking an active part in the creation of the sustainable economy, demanding greater transparency over the origin and contents of the goods they consume and becoming ever more aware of the broad sustainability challenge facing the world?
It’s generally cheaper to buy the product that has a worse impact on its environment than the equivalent product that does less harm. Higher cost to planet does not translate to higher price to customer. Of course, this is due to the fact that businesses are rarely obliged to pay for the full toll their operations take on the world. Because many of these impacts have been hard to gauge with any precision—or to assign to individual businesses with fairness—their costs have remained external to businesses’ accounting.
Any company that has made it past the start-up stage is optimized for efficiency rather than for strategic agility—the ability to capitalize on opportunities and dodge threats with speed and assurance
Lack of planning, Leadership failure, No differentiation, Ignoring customer needs, Poor management, Lack of capital, Premature scaling
Plan, Plan, and Plan Some More
The Circular Flow Diagram,a model that helps explain how a market economy works is a circular-flow diagram. A circular-flow diagram is a visual model of the economy that illustrates how households and businesses interact through markets for products and markets for resources
The individual actors in the financial markets can be broken down into three main categories: investors, intermediaries, and issuers. Specifically, market actors include individual retail investors, institutional investors such as mutual funds, banks, insurance companies and hedge funds, and also publicly traded corporations trading in their own shares. The value of a stock is derived from buying and selling decisions of these actors. Some studies have suggested that institutional investors and corporations trading in their own shares generally receive higher risk-adjusted returns than retail investors
17. Which challenges are prevalent in facilitating the movement of products and services in a market system?
Integrity, Cash, Borrowing, and Resource Management, Increased selection and competition, Marketing and Customer Loyalty, Regulation, Problem Solving and Risk Management and Finding the right staff
understanding Target Market, Customer Profile, Demographics and Market Analysis
Taking a small business global is an complex and dynamic process. Gaining a deep understanding of the targeted markets, the competition, current local market trends, and the requirements to successfully launch and drive growth lays an important foundation
Learn to Compartmentalize Business Functions, Create a Realistic Business Strategy and Manage Small Business Expenses Effectively
Yes, but if there lacks synergy there is risk of failure
We analyse hybrid merchants’ decisions about price levels in experience goods markets by taking a plausible scenario where merchants have a virtual channel and a physical channel.
Society wants a lot of goods and services, but everything cannot produced for everyone. Choices must be made. Society must choose among the wide assortment of alternatives when selecting which goods to produce
Society, must decide which limited resources to use for which goods. Every good cannot be made using the same resources.
They are the ones who receive more production
To improve market infrastructure, to improve information and to improve institutional infrastructure.
Create value for your clients, Create value for your agency, Create value for your employees.
Technological progress and the resulting rise in the skill premium (positives for growth and productivity) and the decline of some labor market institutions have contributed to inequality in markets , Policies that focus on the poor and the middle class can mitigate inequality, There is no one-size-fits-all approach to tackling inequality
Agricultural goods are quickly perishable, These are bulky in nature, It is difficult to control both quality and quantity of output, Product differentiation is not possible, Nature plays a crucial role in production, Agricultural goods have inelastic demand
Inclusive markets allow farmers to benefit from increased production
Policy formulation, R & D , Resources
Increase the minimum wage, Expand the Earned Income Tax, Build assets for working families
33. Can we have economic growth and greater income redistribution to ensure everyone benefits from the proceeds of growth?
Yes, but if there lacks synergy there is risk of failure
Housing for the homeless, a cleaner environment, improved access to health care, more effective education, reduced poverty, protection of abused children, deeper appreciation of the arts, or some other social improvement.
Price shocks, Regulatory, resource based, stock market shocks
To remain competitive in business, manufacturers are required to produce products of a quality acceptable to customers and to deliver those products at competitive cost with highly reliable delivery times. Achieving high quality levels, timeliness of deliveries, and efficient processes along the supply chain cannot be reliant on a single organization, but should be ensured through collaboration and coordination with trading partners.
Efficiency along the supply chain is important to maintain acceptable product prices, but flexibility to deal with time-varying or dynamic demand could be even more important nowadays
38. How can a company use investments in inventory and capacity to provide greater stability in the internal and external phases of a delivery system?
The managing system should have an objective and corresponding performance indicators to manage the supply chain in the right direction
By channeling runoff water from a catchment to a basin, pan or dam.
Yes, but after filtration to remove impurities and treatment/ boiling to kill germs
There are specialized service providers/ suppliers who survey, excavate, supply and/ or install liners for water pans.
The cost ranges between 100,000 to 200,000
Yes, financial institutions have developed financial products to support water harvesting.
Organic mature are fertilizers derived from animal matter, animal excreta (manure), human excreta, and vegetable matter. (e.g. compost and crop residues). Naturally occurring organic fertilizers include animal wastes from meat processing, peat, manure, slurry, and guano.
They are different from conventional fertilizers in that they are Non-toxic Food, On-Farm Production and Low Capital Investment
Compressed block of coal dust or other combustible biomass material such as charcoal, sawdust, wood chips, peat, or paper used for fuel and kindling to start a fire.
For quality manure, healthy environment and reduction of Greenhouse Gases (esp. methane) emissions
Through composting and anaerobic digestion for biogas and bio slurry fertiliser.
There are trained biogas service providers in most of the regions.
The judicious and effective use of energy to maximize profits (minimize costs) and enhance competitive positions
The energy should be used efficiently, economically and optimally. This means there's a need to involves strategy, policy, organizational changes, energy audit, energy conservation measures, administrative actions, training and awareness programmes, monitoring of energy conservation efforts
From leading supermarkets and authorized dealers and stockists
Efficient cook stoves price ranges from 2,500 to 4,000
It is a method of crop and livestock production that involves much more than choosing not to use pesticides, fertilizers, genetically modified organisms, antibiotics and growth hormones. Its a practice of providing attentive care that promotes the health and meets the behavioural needs of crops and livestock.
Set of agricultural practices adapted to local conditions to maximize the efficiency of nutrient and water use and improve agricultural productivity.
Index based insurance is a scheme that offers payouts based on aggregate indicators e.g. rainfall and temperature measurement, or vegetative cover, rather than outcomes for individuals
Inter-cropping of trees with crops.
Fruit trees and fodder trees
Those trees that helps in nutrient recycling, provide food for human or livestock and fetch income.
Predicting the rainfall pattern and enable advise of the farmers on the best crop for best performance.
Because of soil acidic, degradation, hence capturing nutrients before they can be accessed by plants.
By adding lime ( critical Lime) to neutralise the soils