BSM1501 Assignment 6 Semester 2 2023
Question 1
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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.
...
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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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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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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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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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
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