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Summary - Business Studies afrikaans
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Summary in Afrikaans for Grade 11 students doing Business Studies It is about entrepreneurship and the importance of entrepreneurs in the business environment
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Some examples from this set of practice questions
1.
What is an entrepreneur
Answer: a person who sets up a business taking on financial risks in the hope of profit
2.
What is entrepreneurship
Answer: The process of designing,launching and running a new(small) business, offering a product or service for sale
3.
What are the characteristics of a good entrepreneur
Answer: ~risk taking ~creative thinking ~ good leadership skills ~ persistence ~ has a vision and passion
4.
What is a business plan?
Answer: A written document that describes how a business will reach its goals and objectives
5.
What is a business model?
Answer: a company\'s plan for how it will make profit and generate revenues
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