100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
BSM1602 Assignment 1 Semester 1 2019 $2.77
Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. BSM1602 - Business Management IB (BSM1602)

Other

BSM1602 Assignment 1 Semester 1 2019
 9 views  0 purchase
  • Course
  • BSM1602 - Business Management IB (BSM1602)
  • Institution
  • University Of South Africa (Unisa)

This document includes the assignment questions, answers and page references. 100% Pass mark.

Preview 2 out of 10  pages

Document information

  • July 6, 2021
  • 10
  • 2020/2021
  • Other
  • Unknown

Subjects

  • bsm
  • bsm1602
  • bsm1602 2019
  • bsm1602 assignment 1 2019

Written for

  • University of South Africa (Unisa)
  • BSM1602 - Business Management IB (BSM1602)
All documents for this subject (39)

Seller

avatar-seller
aj107

Reviews received

Content preview

Business Management IB
BSM1602
Department of Business Management
Assignment 01 for Semester 01 (compulsory)
Unique Number: 770319
Due Date: 19 March 2019




MULTIPLE- CHOICE QUESTIONS

Answer all the questions on the mark-reading sheet or online on myUnisa.

Chapter 1: Introduction to business management for the entrepreneur

1. Someone who manages an enterprise by ensuring that the goals and objectives of the
enterprise are achieved, is known as a/an __________, whereas someone who manages
change by introducing new products to the market, is known as a/an __________.

1) intrapreneur; manager
2) manager; intrapreneur
3) entrepreneur; small business manager
4) small business manager; entrepreneur

Answer:

, Someone who manages an enterprise by ensuring that the goals and objectives of the
enterprise are achieved, is known as a small business manager. Someone who manages
change by introducing new products to the market, is known as an entrepreneur.
Please refer to page 3 in the prescribed textbook.

2. The free market economy is characterised by competition, where each enterprise has to
compete for its share of the market. Which of the following, regarding an enterprise’s
competitors, are true?

a) It stimulates the enterprise to improve the quality of products.
b) They may influence smaller enterprises specifically with the keeping of inventories.
c) Competitors prevent an enterprise form making unreasonable profits.
d) Competition encourages innovation and the use of technology.


Choose the correct combination:

1) a, c, d
2) b, c
3) a, b, d
4) a, b, c, d

Answer:

The free market economy is characterised by competition, where each enterprise has to
compete for its share in the market. Competition prevents an enterprise from making
unreasonable profits, stimulates them to improve quality and productivity and encourages
innovation and technology.

Please refer to page 12 in the prescribed textbook.

Chapter 2: The general management function

3. Which one of the following functions of an enterprise is responsible for all the activities
that are performed to enable the enterprise to attain its goals?

1) General management
2) Operations management
3) Human resource management
4) Public relations management

Answer:

General management concerns all the tasks that are necessary to the very important
function of management on all levels, throughout the entire enterprise.
Please refer to page 25 in the prescribed textbook.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller aj107. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.77. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.77
  • (0)
Add to cart
Added