Exam (elaborations)
IEB Business Studies Grade 12 New Exam Questions And Correct Answers 100% Verified Latest Update
- Course
- Institution
IEB Business Studies Grade 12 New Exam Questions And Correct Answers 100% Verified Latest Update...
[Show more]
Content preview
IEB Business Studies Grade 12 New Exam Questions AndCorrect Answers 100% Verified Latest Update
Porter's Six Forces - ANSWER 1. Degree of competition
2. Threat of substitute products
3. Threat of new entrants
4. Bargaining leverage of suppliers
5. Bargaining leverage of buyers
6. Complementors
return on investment - ANSWER net profit after taxes divided by total assets
a strategy that focuses on turnaround of very poor company performance by shrinking
the size or scope of the business
bonds - ANSWER A certificate issued by a government or private company which
promises to pay back with interest the money borrowed from the buyer of the
certificate: The city issued bonds to raise money for putting in new sewers.
liquidation - ANSWERWhen a business goes out of business, liquidation occurs, in which
the business sells off its assets to pay creditors.
Equities - ANSWERStocks that represent ownership shares in corporations
joint venture - ANSWERAn agreement by two or more companies to share ownership of
a business project
Dividends - ANSWERProfits paid to stockholders
,forward integration - ANSWERwhen a firm owns distribution channels for its major
products
Retirement annuity - ANSWER Stream of level cash flows available for consumption
during one's retirement years.
backwards integration - ANSWER Owning or controlling sources of raw materials and
components.
Pension fund - ANSWER a mutual fund that holds assets to pay retirement income to its
members
low-cost strategy - ANSWER Driving the organization's costs down below the costs of its
rivals.
differentiation strategy - ANSWER to offer products or services that are of unique and
superior value compared with those of competitors but to target a wide market
endowments - ANSWER gifts of property or money given to a group or organization
debentures - ANSWER unsecured bonds
focus strategy - ANS the positioning strategy that involves either cost leadership or
differentiation to yield a focused or specialized product or service for a market target
consisting of a limited number of buyers in a specific geographic region or from a
particular market segment
insurable risks include: - ANS fire insurance. vehicle insurance. theft insurance.
market penetration - ANS a marketing strategy that attempts to reach an increased
market share among current customers
,uninsurable risk - ANSWER A risk that no insurance company will cover. (war, illegal
activity)
product development - ANSWER company growth by offering modified or new products
to current market segments
unemployment insurance - ANSWER A source of income for workers who have lost their
jobs through no fault of their own
market development - ANSWER company growth by identifying and developing new
market segments for current company products
COIDA - protects employees against injury or death at work
Intrapreneur - ANSWER someone who works inside an existing organization who sees
an opportunity for a product or service and mobilizes the organization's resources to try
to realize it
entrepreneur - ANSWER A person who starts up and takes on the risk of a business
diversification - ANSWER a strategy of increasing sales by introducing new products
into new markets
autocratic - ANSWER absolute in power or authority
Synergy - ANSWER The interaction of 2 or more parties so that their combined effect is
greater than the sum of their individual effects
democratic - ANSWER Ensuring that all people have the same rights
, Functional Conflict - ANSWER Non-aggresive
Stimulates creativity
Laissez-faire - ANSWER a policy or attitude of letting things take their own course,
without interfering.
Dysfunctional conflict - ANSWER Aggressive disagreement
No compromise
Transactional Leadership - ANSWER leadership which elicits obedience of subordinates
through rewarding them for good performance and reprimanding them for poor
performance
CCMA - ANSWER independent organisation acting as a dispute resolution body
7P's of marketing - ANSWER product, price, place, promotion, people, physical
evidence, process
Negotiation - ANSWER discussion intended to arrive at a compromise
Consumer Protection Act - ANSWER laws and organizations designed to ensure the
rights of consumers as well as fair trade competition and the free flow of truthful
information in the marketplace.
Conciliation - ANSWER Facilitate conversation
brand extension - ANSWER the use of the same brand name for new products being
introduced to the same or new markets
Mediation - ANSWER a method of out-of-court dispute settlement using the services of a
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Chrisyuis. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
60281 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now