CSEC Economic SBA

8/10/2019 CSEC Economic SBA

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EconomicsSchool-Based Assessment

Name:Kenville Jack

School:St. Martin Secondary school

Territory: St. Vincent and the Grenadines

Candidate Number:

Subject:Economics

School code:

Teacher:Mr. Hinds

Date Submitted:

Title:An investigation of the demand for internetservices at the St. Martins secondary school et!een the

"eriod of #er$ary %&th '(%) to March *th'(%).

Introduction


2/33

+n %,, Glass fo$nded Kelcom +nternational /imited !ith ac0$isition of

1A2V license in St. Vincent 3 the Grenadines trading as Kari 1ale. +n '(('

d$e to telecomm$nications de-reg$lari4ation thro$gho$t the 5E1S ne!

o""ort$nities ecame a""arent. Kari 1ale s$ccessf$lly negotiated its +S6

licenses in St. Vincent 3 the Grenadines and roadand internet service !as

also la$nched.

/+ME an acronym for 7/andline +nternet Moile Entertainment7 is o!ned

y the British ased 1ale 3 8ireless 1omm$nications. 2he com"any formed

from the integrated $sinesses of 1ale 3 8ireless in the 1ariean !hich

ado"ted the /+ME name on 9rdof :ovemer '((&.

8ith "eo"le s"ending a lot of time accom"lishing tasks and doing

researches the internet has ecome very im"ortant to individ$als no!adays.

8itho$t the internet some individ$als think that they cannot s$rvive eca$se

of ho! it is $sed to "rovide a variety of information and comm$nicationfacilities in order to get the !ork done 0$ickly and;or ennd information so instead they $se the internet to gather the

information 0$ickly. B$sinesses also $se the internet to do market researches

and many other activities. 2he internet has asically any and every thing.

More than *(@ of homes in St. Vincent and the Grenadines has internet

and for those that cannot aord the internet the Government has "rovided

facilities to them.

8ith "eo"le !anting to send or receive emails $se search engine to

gather information looking for hoy or interest on the !e. + have decided

to do an investigation of the +nternet Service ind$stry !ithin St. Vincent !ith

reference s"eci>cally to /+ME and Kari 1ale.

Ackno!ledgement

+ !o$ld like to thank everyone !ho !o$ld have contri$ted to the

com"letion of this School-Based Assessment. #irst of all + !o$ld like to thank

God >rstly for the o""ort$nity to do s$ch a "ro


3/33

My family for hel"ing and s$""orting me d$ring the eCec$tion of this

"ro


4/33

Presentation and "#lanation of data

Question 1: All of the students have access to the internet in their homes.

Students who have internet at their homes:

Do you have access to the internetat your home? # of students

Fes '(

:o (

6age 9 of 99


5/33

%(

'

)

-

&

%(

%'

%)

%-

%&

'(

Com#arision of those students who have internet and those who do not

Question 2:60% of these students internet service provider is LIME while the other 40% internet service

provider is Karib able.

Students Internet Service Providers:

Internet service providers # of students

/+ME %'

Kari 1ale &

6age ) of 99


6/33

/+ME (@

Kari 1ale )(@

Students Intenet Service Providers

Question 3:!ut of the "0 students# most of them said that their parents pa$ for the internet while the

other students said that their randparents pa$ for the internet.

Who pays for the internet? Results

Myself (

6arents %Grand"arentsI )

5ther (

6age * of 99


7/33

&(@

'(@

The #ayer for the internet

Myself 6arents Grand"arents 5ther

Question 4:All of the students said that the person who pa$s for the internet at their home currentl$ has a

&ob.

Does the person who pays for the internethave a job? Results

Fes '(

:o (

6age of 99


8/33

Fes :o

(

*

%(

%*

'(

'*

$ of Persons who have %obs

Question 5: "0% of the students said that the person who pa$s for the internet is a part'time emplo$ee

while the remainin (0% said that the person is a full'time emplo$ee.

The person who pays for the internet a:

6art-2ime em"loyee )

#$ll-2ime em"loyee %

6age of 99


9/33

6art-2ime #$ll-2ime(

'

)

&

%(

%'

%)

%

$ of Part&Time and 'ull&Time em#loyees

Question :)6 students said that the person who pa$s for their internet occupational classification is

white collar while the other 4 said its blue collar.

occupational classications # of students who checked it

!hite collar %

l$e collar )

! of persons with their occupationa" c"assifications

6age & of 99


10/33

!hite collar l$e collar(

'

)

&

%(

%'

%)

%

%&

Question #: *0% of the students said that the$ use the internet for social networ+in while the remainin

)0% said that the$ use it for information.

(hat do you use the internet mostly for) $ of students

+nformation '

Social net!ork %&Marketing (

1omm$nication (

6age , of 99


11/33

%(@

,(@

Students internet usa*e

+nformation

social net!orking

Marketing

1omm$nication

Question $:Ma&orit$ ,*0%- of the students said that the$ use the internet dail$.

%ow often students use the internet:

+ow often you use the internet) $ of students

aily %&8eekly '

Monthly (

Fearly (

6age %( of 99


12/33

aily 8eekly Monthly Fearly(

'

)

&

%(

%'

%)

%

%&

+ow often the students use the internet

Question &:)" of the students said that is the main factor while the other ( said that its the price.

Main factor

6rice of the internet service &6reference %'

Advertisement (

6age %% of 99


13/33

6rice of the internet service 6reference Advertisement(

'

)

&

%(

%'

%)

'actors a,ectin* the students choice

Question 1':60% of the students said that the price rane that the person who pa$s for their internet is

(/')00 and the remainin 40% said that its 0'(/.

Price ran(es that the person)s* who current"y pay for internet service per month pays:

Price ran*es $ of students

(-&* &

&*-%(( %'

%((-%9( (

%9(-'(( (

6age %' of 99


14/33

'((L (

(-&* &*-%(( %((-%9( %9(-'(( '((L

(

'

)

&

%(

%'

%)

Price ran*es

Question 11:All of the students said that their internet speed is ) meab$tes per second.

How fast is your internet?

%M"s '(

'M"s (

9M"s (

)M"s (

'((L (

6age %9 of 99


15/33

%M"s 'M"s 9M"s )M"s(

*

%(

%*

'(

'*

Students internet s#eed

-is Title

Question 12:Most of the students ,60%- do not e1perience an$ problems with their internet connections.

Do you eperience any problems? # of students

Fes &

:o %'

6age %) of 99


16/33

)(@

-(@

Percenta*e of students who e#erience #roblems and does who don.t

Fes :o

Question 13:Ma&orit$ of the students ,/%- who e1perience problems said that the internet becomes

ver$ slow at times while the others ,"/%- said that at times the$ dont have an$ internet at times.

!roblems # of students

Slo! internet at times

6age %* of 99


17/33

:o internet at times '

Slo! internet at times :o internet at times(

%

'

9

)

*

Problems with internet

Question 14:!ut of the ( student who e1perience problems with their internet connections# " of them

face it dail$# another " face it wee+l$ while the other 4 e1perience it on a monthl$ basis.

%ow often the students e+perience these pro,"ems:

6age % of 99


18/33

How often you face theseproblems?

# ofstudents

aily '

8eekly '

Monthly )

Fearly (

'*@

'*@

*(@

Percenta*e of students and how often they e#erience #roblems

Eaily

8eekly

Monthly

Fearly

Question 15:/0% of the students said that the$ would purchase "mbps at 260 per month.

! -f students ,uyin(

Mega Bytes 6er Sec of st$dents

%m"s

6age % of 99


19/33

'm"s %(

9m"s 9

)m"s %

%m"s 'm"s 9m"s )m"s(

'

)

-

&

%(

%'

$ of students and how much mb#s they would buy at /01

Number of students

Question 1:Ma&orit$ of the students said that the$ would purchase "mbps at both of the prices.

At %(( "er megayte


%m"s )

'm"s ,

9m"s )

6age %& of 99


20/33

)m"s 9

At %'( "er megayte


%m"s 9

'm"s

9m"s )

)m"s

MB6S %m"s 'm"s 9m"s )m"s(

%

'

9

)

*

-

J

&

,

%(

+ow much 23PS each student would #urchase at a s#eci4c #rice

Number of students

Su##ly Information

3esponses of interviews conducted in Kinstown at LIME and Karib able

). hat methods do $ou emplo$ to attract customers5

LIME Karib Cable

6age %, of 99


21/33

Advertisement

1hea" rates

S"ecials

S"onsoring events

#ast internet

5ther --

". hat factors affect $our suppl$ of internet services5

/+ME Kari 1ale

S"eed of internet

1ost of 6rod$ction

Nse of technology6rice of s$stit$tes

2aCation;S$sidy

Analysis and +nter"retation of ata

'( 0$estionnaires !ere given to the st$dents of form * in the St Martin=s

secondary school. 2!o intervie!s !ere cond$cted !ith the managers of /+ME and

Kari 1ale o$tlets in Kingsto!n in St. Vincent.

6age '( of 99


22/33

2he internet service ind$stry in St. Vincent and the Grenadines is one of an

5ligo"oly market str$ct$re. 2h$s there are only a fe! large >rms Homogeneo$s or

dierentiated "rod$cts im"erfect kno!ledge of the market they are "rice makers

!ith "rice rigidity and also have many $yers. As s$ch there are little com"etition

levels !hich ideally lead to the "rod$cers satisfaction and !elfare.

After the data !ere collected from the 0$estionnaire + discovered that all the

"artici"ants !ere et!een the ages of %-%. 2he st$dy as sho!n that /+ME=s

internet service !as the most demanded internet service in St. Martin=s Secondary.

Question 5:All '( st$dentsI of the st$dents !ho !ere given 0$estionnaires

had access to the internet at their homes. 2his may d$e to the addiction to social

net!orking or the need of having the internet to gather information. Since the

internet is the 0$ickest !ay of gathering information and comm$nicating !ith

others the demand for internet !o$ld e high.

Question 6:+n 0$estion 'I (@ of the st$dents said that they have /+ME=s

internet service !hile )(@ have Kari 1ale=s internet service. 2he fact that more

st$dents "referred /+ME=s internet service sho!s that some method of attracting

c$stomers that Kari 1ale is lacking. Based on the s$""ly information gained from

the intervie!s these methods incl$de the s"onsoring of events and other methods.

Eective $se of these methods can increase the demand for internet lo!er

"rod$ction cost !ill res$lt in a decrease cost "rice and lead to an eCtension of

demand all of !hich increases a >rm=s "ro>ts.

Question 7:2he 0$estion O8ho "ays for the internet yo$ have access toP

!as asked in 0$estion 9. Mats have /+ME=s internet service and

this might e so maye eca$se of "ersonal "reference and !anting to" 0$ality

service.

Question 0:% st$dents said that the "erson !ho "ays for their internet

occ$"ational classi>cation is !hite collar !hile the other ) said its l$e collar. 2he )

l$e collar !orkers internet service "rovider is Kari 1ale !hich sho!s that "eo"le

6age '% of 99


23/33

!ho receive less income "refers Kari 1ales internet service maye eca$se of the

"rice of the service.

Question :+n relation to 0$estion & %& of the st$dents $se the internet

mostly for social net!orking !hile the other ' $ses it for information. Sites like

faceook and t!itter are social net!orking sites that enale $sers to comm$nicate!ith each other y "osting information comments messages images ect and

these sites have ecome the most "o"$lar !esite on the internet. So therefore

st$dents may have a dee" desire to have internet service to $se these sites.

Question ;:According to 0$estion ,(@ of the st$dents $se the internet on

a daily asis. Based on the 0$estionnaire this is d$e to addiction to social

net!orking y these st$dents. 2he other %(@ $ses it !eekly and this is d$e to the

need of gathering information.

Question c internet service s$ch as "reference "rice of the internet and

advertisement. (@ of the st$dents said that it=s eca$se of "reference !hile the

other )(@ said that it=s eca$se of "rice of the internet service. 2his may e so

eca$se "eo"le may have a greater liking for a certain internet service eca$se of

its reliaility. :o one !ants to e eC"eriencing di?c$lties !ith the internet !hile

s$r>ng.

Question 51:%' "ersons said that they "ay a "rice range of &*-%(( !hile

& "ersons said that they "ay from (-&*. According to the information on the

0$estionnaires the & "ersons !ho "ays at the "rice range of (-&* internet

service "rovider is Kari 1ale !hich sho!s that Kari 1ale=s rates are a little

chea"er than /+ME=s rates.

Question 55:All of the st$dents internet s"eed is % megayte "er sec.

Altho$gh /+ME and Kari 1ale "rovides )m"s !hich is a lot faster than %m"s

sho!s that "eo"le only have the aility to "ay for %m"s a month.

Question 56:According to 0$estion %' (@ of these st$dents don=t

eC"erience any "rolems at times !hile the other )(@ eC"eriences "rolems. 2he

(@ of st$dents !ho don=t eC"erience any "rolems internet service "rovider is

/+ME. 2his means that even tho$gh /+ME=s rates are a little more eC"ensive they

"rovide etter service than Kari 1ale and that is !hy /+ME attracts more

c$stomers to their services. 2he fact that /+ME=s internet service is more eC"ensive

may d$e to the cost of "rod$ction.

6age '' of 99


24/33

Question 57: of the st$dents !ho eC"erience "rolems said that they

eC"erience slo! internet at times !hile the other ' st$dents said that at times they

don=t have internet at times.

Question 58:+n relation to 0$estion %) these "rolems !ere

eC"erienced daily y '*@ of these st$dent '*@ !eekly and *(@ of the st$dents

!ho eC"erience "rolems eC"eriences monthly.

Question 59:2he 0$estion O+f the "rice for yo$r internet !as ( a

month for %MB6S Mega Bytes "er SecondI yo$ !o$ld "$rchase %M"s R'M"sR

9M"sR )M"s O*(@ of the st$dents said that they !o$ld "$rchase 'm"s at

( "er month. 2his sho!s that "ersons have the desire and !illingness to "$rchase

'm"s $t they don=t have the aility to do so.

Question 50:*( @ of the st$dents sho!ed !illingness to "$rchase 'm"s at

(.(( "er month. As "rice increases from (.(( to %((.(( for 'm"s the

0$antity demanded decreased th$s the la! of demand stands as "rices increase

demand decreasesI. 2he 6.E. !as calc$lated as -(.%* indicating "rice inelasticity.

As the "rice increases from (.(( to %'(.(( demand also decreases and the /a!

of demand is also oeyed. 2he 6.E.. in this case !as -(.9 th$s indicating in another

"rice inelasticity.

Qd

P

%(

(

9 (.9

%'(

%(

(.9

(.9

(

%

%

(

6age '9 of 99

Qd

P

%(

( %

(.%

,

%((

%(

(.%

-(.%*

)(

(.

(.

(


25/33

#indings

%. 2here is a negative relationshi" et!een the "rices of internet service andthe 0$antity demanded. 2his sim"ly means as "rice increases 0$antity

demanded decreases and as "rice decreases the 0$antity demanded

increases.

'. 2he "rinci"al factor aecting for internet service is one=s "reference.

9. +nternet service is "rice inelastic therefore the 0$antity demanded is

$nres"onsive to changes in "rice.

). /+ME=s internet service is mainly fo$nd in form * of the St. Martin=s

Secondary school. 2his may d$e to the more reliale service and"reference.

*. 2he eCistence of foreign >rms /+MEI in the local economy can create good

com"etition and res$lt in higher cons$mer satisfaction.

6age ') of 99


26/33

TecommendationsBoth /+ME and Kari 1ale can endeavor into im"roving in the follo!ing areas

if they haven=t already done so in order to oost sales and have a etter

com"etitive stance

Kari 1ale sho$ld $se s$ggestion oCes to get feedack from

c$stomers ao$t "rolems they face.

+ncrease advertising to make the c$stomers to have a greater liking for

their internet service since "reference is the factor aecting demand.

2he government sho$ld o"en $" the market for internet service f$rther.

2his !o$ld add to com"etition. 1om"etition !o$ld lo!er "rices and

also kee" money in the co$ntry since /+ME is o!ned y the British ase

money is most likely eC"orted o$t of the co$ntry.

S"onsor more events that are taken "lace in the co$ntry.

Sell 'MB6S at chea"er rates since more "eo"le are demanding 'MB6S.

6age '* of 99


27/33

1oncl$sion

+n this investigation et!een /+ME and Kari 1ale + have come to reali4e the

ma


28/33

Biliogra"hy

3oo!:

r. Hosein T. Stanlake G #. '((*I. /ongman Economics for 1U1. Edin$rgh

Gate England 6earson Ed$cation /imited.

8esites

htt";;!!!.time)lime.com;vc;internet.


29/33

-##endi

Questionnaire

My name is Kenville Jack and as "art of the "re"aration and investigation of

my Economic School-Based Assessment for 1U1 + have "re"ared this 0$estionnairefor *thform st$dents at the St. Martin secondary school !ho is interested to >ll o$t.

6ease do so y marking a tick for yo$r choice or y !riting. Fo$r res"onses

!o$ld e dee"ly a""reciated.

-*e: %*-% %-% %& or older

%. o yo$ have access to the internet at yo$r homeQFes:o

'. +f yo$ do have access to internet at yo$r home !hich of the follo!ing is yo$r

internet service "roviderQ/+MEKari 1ale

9. 8ho "ays for the internet yo$ have access toQMyself6arentsGrand-6arentsI5thersI

). oes the "ersonsI !ho "ays for yo$r internet service has;have a cationsI is the "ersonsI !ho "ays for the internet

is $nderQ8hite collar e.g Bankers 2eachersIBl$e collar e.g 6l$mers #armersI

. 8hat do yo$ $se the internet mostly forQ

6age '& of 99


30/33

+nformationSocial net!orkingMarketing1omm$nication

&. Ho! often do yo$ $se the internetQaily8eeklyMonthlyFearly

,. 8hat is the main factor of choosing yo$r internet service "roviderQ6rice of the internet service6referenceAdvertisement

%(.8hat is the "rice range do yo$ c$rrently "ay for internet service "er monthQ(-&*&*-%((%((-%9(%9(-'(('(( or over

%%.Ho! fast is the internetQ%M"s Mega Bytes "er SecondI'M"s9M"s)M"s

%'.o yo$ eC"erience any "rolemsI !ith the internet connections at timesQFes:o

%9.+f yo$ do eC"erience any "rolems "lease state the "rolemsI yo$ face.

%).Ho! often do yo$ face these "rolemsQailyR8eeklyRMonthlyR Fearly

%*.+f the "rice for yo$r internet !as ( a month for %MB6SMega Bytes "er

SecondI yo$ !o$ld "$rchase

%M"s R

'M"sR

9M"sR

)M"s

%.+f "rices increase from ( a month for %MB6S check ho! many MB6S yo$

!o$ld "$rchase at each of these "rices.At %(( %M"s R'M"sR 9M"sR )M"sAt %'( %M"s R'M"sR 9M"sR )M"s

6age ', of 99


31/33

+ntervie!s

). hat methods do $ou emplo$ to attract customers5

LIME Karib Cable

Advertisement

1hea" rates

S"ecials

S"onsoring ig events

#ast internet

5ther

". hat factors affect $our suppl$ of internet services5

/+ME Kari 1ale

S"eed of internet

1ost of 6rod$ction

Nse of technology

6rice of s$stit$tes

2aCation;S$sidy

6age 9( of 99


32/33

/+ME A: Kari 1ale 6romotions

Kari 1ale

/+ME

6age 9% of 99


33/33

Introduction Pa(e.1

Ac+nowledement Pa(e.1

Aims and !b&ectives Pa(e.2

Methods of investiation Pa(e.2

resentation of data Pa(e.3

Anal$sis and Interpretation of data Pa(e.2'7indin Pa(e.23

3ecommendations Pa(e.24

onclusion Pa(e.25

8iblioraph$ Pa(e.2

Appendices Pa(e.2#

Documents

CSEC Economic SBA