Question 1
State four reasons that cause people to start a business
Answer
- To earn profit/income to improve standards of living
- To be self employed
- To create employment
- To make use of one’s talent/interest
- To be self employed
- To create employment
- To make use of one’s talent/interest
Question 2
Outline four characteristics of basic wants
Answer
- Are felt needs
- Cannot be postponed
- Are satisfied before secondary needs
- One cannot do without
- Cannot be postponed
- Are satisfied before secondary needs
- One cannot do without
Question 3
Outline four ways in which HIV/AIDs has adversely affected business operations
Answer
- Resources are diverted to care for aids patient
- Business loose market for their product
- Regular absenteeism of the infected worker
- Low productivity due to ill health
- Business loose market for their product
- Regular absenteeism of the infected worker
- Low productivity due to ill health
Question 4
Give four factors that an entrepreneur should consider when evaluating a business idea
Answer
- Size/availability of market
- Government policy/legal requirement
- Benefits attitude and practices of the target market
- Level of completion
- Government policy/legal requirement
- Benefits attitude and practices of the target market
- Level of completion
Question 5
State four advantages of using a photocopier to produce a document in an office
Answer
- Documents may be reproduced in colour up or incase of black and white
- Many documents may be reproduced in a short time
- Documents will appear as exact copies of the original
- The machine is easy to operate reduced as per the need
- Many documents may be reproduced in a short time
- Documents will appear as exact copies of the original
- The machine is easy to operate reduced as per the need