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BSM1501 Assignment 6 Semester 2 2023

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BSM1501 Assignment 6 Semester 2 2023 Question 1 Not yet answered Marked out of 1.00 Flag question Question text What must a small business manager be able to do? a. Plan, organise, lead and control various business functions. b. Start his/her own enterprise. c. Take calculated risks. ...

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  • October 18, 2023
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,Question 1
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Question text
What must a small business manager be able to do?


a.
Plan, organise, lead and control various business functions.

b.
Start his/her own enterprise.

c.
Take calculated risks.

d.
Identify new products or opportunities.
Question 2
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Question text
What is the main advantage of a formal business?


a.
Not having to keep financial records.

b.
No need for recognised business premises.

c.
No tax implications.

d.
Easier access to finance.
Question 3
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Question text
Trade unions fight for the rights of workers who are in the same branch of industry. Trade unions are a variable that
influences the individual enterprise in the _______ environment.




a.
political


b.
physical

,c.
international


d.
economic
Question 4
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Question text
Life expectancy has increased as a result of better medical services and healthier lifestyles. Life expectancy is a
variable that influences the enterprise in the _______ environment.




a.
economic




b.
technological




c.
social


d.
physical
Question 5
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Question text
Why do we conduct a feasibility study?


a.
To determine the market potential of an idea.

b.
To analyse consumer trends and preferences.

c.
To evaluate the financial viability of an enterprise.

d.
To identify potential competitors in the market.
Question 6
Answer saved

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