Highlight four causes of cost push inflation.

Here are the answers to your questions:

7. Highlight four causes of cost push inflation.
i. Increase in wages: When labor unions successfully negotiate for higher wages, businesses face increased production costs, which they pass on to consumers through higher prices.
ii. Increase in raw material costs: A rise in the price of essential raw materials (e.g., oil, metals, agricultural products) directly increases production costs for businesses.
iii. Higher indirect taxes: Government-imposed taxes like VAT or excise duties increase the cost of goods and services, leading to higher prices for consumers.
iv. Natural disasters or supply shocks: Events like floods, droughts, or geopolitical conflicts can disrupt supply chains, leading to scarcity and higher prices for affected goods.

8. Highlight four circumstances that ensures efficient operation of a warehouse.
i. Effective inventory management system: Implementing a robust system to track stock levels, locations, and movement minimizes errors and optimizes storage space.
ii. Proper layout and organization: A well-designed warehouse layout with clear aisles, designated storage areas, and logical flow of goods improves efficiency and reduces handling time.
iii. Skilled and trained personnel: Having a competent workforce that is trained in warehouse operations, safety procedures, and equipment usage ensures smooth and error-free processes.
iv. Regular maintenance of equipment: Ensuring that all machinery, such as forklifts, conveyors, and racking systems, is well-maintained and in good working order prevents breakdowns and operational delays.