Business Studies - Grade 10

Microenvironment

100

The acronym for the four tasks a general manager must perform.

POLC

200

True or false; The organisational structure of the business forms part of the microenvironment.

TRUE

300

Describe how business policies are formulated.

Business policies are formulated while keeping the vision, mission, goals, and objectives of the business in mind.

400

Name FOUR criteria that the production function must meet when manufacturing products.

Products must be:

1. Safe

2. Reliable

3. Durable

4. After sales service is good

500

List the FIVE criteria that must be met when the business purchases resources.

1. Quality

2. Right price

3. Correct quantity

4. On time

5. Right supplier

Market Environment

100

Trade unions are an example of ...

Industry regulators

200

What does NGO stand for?

Non-Government Organisations

300

Provide the definition of a strategic alliance.

This is where two or more businesses decide to join forces to take advantage of opportunities in the market.

400

Name FOUR factors that a business could utilise to gain a competitive advantage.

1. Quality

2. Price

3. Use of technology

4. Service levels

5. Superior use of resources

6. Location of the business

500

Discuss the power that the consumer has.

The consumer has the power:
1. to request a certain price

2. trading hours

3. good quality clothing

Macro environment

100

Poverty is an example of which PESTLE factor?

Social factor

200

TFG introducing BASH online store is an example of which factor?

Technological factor

300

Name the tools that are used to analyse the macro environment

1. SWOT (Only Opportunities and Threats)
2.PESTLE analysis

400

Name THREE economic indicators

1. Inflation

2. Exchange rates

3. Interest rates

4. Taxes

500

Donald trump imposing tariffs is an example of which element in SWOT? Motivate your answer

Threat

- The business has no control over the decisions that foreign presidents make. This decision is detrimental to SA businesses as it will make the importing of goods more expensive which will consequently impact the prices of products sold to the consumer.

Entrepreneurship

100

An example of a push factor:

1. unemployment

2. job security

3. no formal training and therefore unable to find a job

4. disagreement with current employer

200

The entrepreneurial characteristic that describes an individual that does not wait on anyone to tell them what to do.

Self-reliance

300

List THREE aspects an entrepreneur should consider when buying an already established business.

1. reason for sale of the business

2. customer base

3. financial position

4. SARS

5. the industry the business operates in

6. profitability of the business

7. form of ownership

400

Name the FOUR steps of the entrepreneurial process.

1. Identifying an opportunity

2. Assessing resources required

3. Develop the business plan

4. Managing the entrepreneurial venture

500

List the FIVE stages of growing an entrepreneurial venture

1. Incubation

2. Start-up

3. Breakthrough

4. Maturity

5. Decline/Rejuvenation

Forms of Ownership

100

What is the percentage of tax that is charged on companies?

27%

200

TWO disadvantages of a sole trade when it comes to the number of owners.

1. Growth is limited to the amount that the ONE owner can contribute or borrow.

2. The owner has to carry all responsibilities.

300

Provide THREE advantages of a partnership when they have to manage and control the business.

1. Better decision-making

2. Input from different people

3. Division of duties

400

Discuss TWO duties of a director of a company

1. They have a fiduciary duty to act in the best interests of the company.

2. Act in good faith displaying skill and dilignence.

3. Obliged to disclose personal or financial interests to prevent conflict of interest.

500

Provide the definition of a prospectus

A prospectus is a written invitation to the public to buy shares.