The public are invited to buy shares v. A Computer Kilomart B Computer Dynomart C Computer Extramart D Computer Megamart 3 Choose the word that belongs in the blank. Market environment- customers, sppliers, competitors, regulators, strategic allies, unions. For example, miners will mine for different types of metals. A capture B handle C predict D revise Read the paragraphs below and answer the questions that follow.
For example, car manufacturers may now use the metal they bought from the miners to make car parts and build cars with them. These are very useful summary notes with neatly explained examples for best revision of the Business Studies book. Despite the criticism off retailers and department stores Ashby proceeded with his idea and was determined to try his exclusive approach. The tertiary sector stage is when the finished product gets advertised and sold off to either other businesses or to customers. Macro environment- changes in income levels, political changes, contemporary legal legislation, labour restrictions, micro-lending, globalisation, international challenges, social values and demographics, socioeconomic issues. Market environment- competition, shortages of supply, changes in consumer behaviour, demographics and psychographics, socio-cultural factors.
Management Approaches: The management approaches used at Grills would be the planning, organising and controlling of the business. AussieBum has been significantly impacted by globalisation. Comparative advantage of products C. Read the instructions for each question carefully and answer only what is required. Do no damage to yourself. For example, providing food, clothes and water to people living in third world countries. The primary sector stage focuses on getting the raw materials of a product.
Some examples of operations impacts of globalisation include: purchasing materials and fabrics: this can be made cheaper and there may be more variety of materials to choose from. It is a sole trade business that is run by a couple Spiro and Anastasia. Restraint of trade agreement C. Location Grills is located on Wills Rd in Woolooware. Grills is very tidy and has a orderly space set up for the customers.
None of the above 1. In addition laws and regulations each business must consider in starting the business will be identified along with the risks that each business must protect itself against. Plenty of exercises, practice exam papers and memos prepare learners for tests and exams. . Do no damage to the environment. Business Entity For this business scenario the best business entity is a limited partnership. Number the answers correctly according to the numbering system used in this question paper.
Use the mark allocation and the nature of each question to determine the length of an answer. Business enterprises undertake many activities to provide the products demanded by customers, however, the most important activity is production. This marvellous resource provides you with: small chunks of work that you can easily digest before moving on to more, lots of diagrams and pictures that help explain Business Studies concepts, Test your knowledge questions and their answers to check your Business Studies knowledge and to practise Business Studies skills, exemplar exam paper and its answers, an index for easy access of information. When they get donations, they send them to people who are less fortunate. Other Grade 11 titles in this series include: Accounting, English, Life Sciences, Mathematical Literacy, Mathematics, Physical Sciences.
The liability of shareholders is limited iii. You can use this guide to help you learn Business Studies throughout the year, or for revision before tests and exams. Shares are freely transferable vi. Except where other instructions are given, answers must be written in full sentences. The State sells public sector businesses to the private sector D. The management of the business, organizes all aspects of running the business including choosing a particular product or service Production Refers to those activities undertaken by the business that combine the resources to create products that satisfy customer needs and wants.
The are 1 — 10 members Choose the correct combination: A. A an audiologist B a cardiologist C a dermatologist D an anthropologist 2 Choose the words that belong in the blank. Oxfam is a voluntary sector business; private businesses are businesses that are owned by private citizens set out to make a profit; public sector business is a business that has been set up by or taken over by the government, their objectives are to provide for society as well as making a profit; voluntary sector business is a business that is supervised by trustees and their goal is to provide a service to a wider community in need. The meals are easy to consume and they have just in time services. Macro environmet- economic climate, techno-logical, political. Do no damage to others. When miners collect enough of a metal they can be sold to buyers.
The answer sheet is the last page on this question paper. Learning and revising Business Studies is made easy with concise, step-by-step explanations in plain language and bulleted summaries. Grade 11 learners can use X-kit Achieve! Lack of technology in developing countries D. A new computer store is opening this weekend. Holders of these shares receive their dividends out of the profits remaining after the preference shareholders have been paid their fixed dividends. In regards to business globalisation can alter a lot of aspects of operations. Next this paper will examine a construction scenario and identify the employment laws and regulations with which the business must comply in making a decision in regards to which applicant to hire.