Summary
Summary Business Studies guide grade 10
- Course
- Institution
provides and explains all aspects of business studies
[Show more]
Seller
Follow
BookSquad
Reviews received
Content preview
T. KotzeS t ud y G ui de
Business Studies
Grade 10
,Contents
Introduction to Business Studies .......................................................................... 1
Term 1
Topic 1 The micro environment ........................................................................... 2
OVERVIEW .............................................................................................................. 2
Unit 1 Components of the micro environment ...................................................... 3
Unit 2 Eight business functions ......................................................................... 6
Unit 3 Functions in the business .......................................................................15
Unit 4 General management ............................................................................ 16
Unit 5 The concept of quality............................................................................. 17
Unit 6 Management and the success of business .............................................. 18
Questions ......................................................................................................... 19
Answers ............................................................................................................ 23
Topic 2 The market environment ....................................................................... 28
OVERVIEW ............................................................................................................ 28
Unit 1 The market: customers and consumers .................................................... 28
Unit 2 Suppliers and intermediaries ................................................................. 29
Unit 3 Competitors ...........................................................................................31
Unit 4 Civil society ...........................................................................................31
Questions ......................................................................................................... 34
Answers ............................................................................................................ 36
Topic 3 The macro environment ........................................................................ 38
OVERVIEW ............................................................................................................ 38
Unit 1 The physical/natural environment .......................................................... 39
Unit 2 Economic environment .......................................................................... 39
Unit 3 The social, cultural and demographic environment.................................. 40
Unit 4 The technological environment .............................................................. 40
Unit 5 Legal and political environment ............................................................. 42
Unit 6 The international environment ............................................................... 43
Unit 7 The institutional environment ................................................................ 44
Questions ......................................................................................................... 45
Answers ............................................................................................................ 47
,Topic 4 Interrelationship of micro, market and macro environments ................... 49
OVERVIEW ............................................................................................................ 49
Unit 1 The relationship of the three environments ............................................. 50
Unit 2 How do they relate? ................................................................................51
Unit 3 How do micro-and market environments relate? ...................................... 52
Questions ......................................................................................................... 53
Answers ............................................................................................................ 54
Topic 5 Business sectors .................................................................................. 56
OVERVIEW ............................................................................................................ 56
Unit 1 Primary, secondary and tertiary sectors ................................................... 57
Unit 2 The difference between the formal and informal sectors .......................... 59
Unit 3 The difference between public and private sectors .................................. 60
Questions ......................................................................................................... 61
Answers ............................................................................................................ 62
Term 2
Topic 1 Contemporary socio-economic issues .................................................... 65
OVERVIEW ............................................................................................................ 65
Unit 1 Poverty, inequality, inclusivity, unemployment and HIV/Aids .................... 66
Unit 2 Piracy, counterfeiting and bootlegging .................................................... 68
Unit 3 Gambling, violence, crime ..................................................................... 69
Unit 4 Strikes, labour disputes and political disturbances .................................. 71
Questions ......................................................................................................... 72
Answers ............................................................................................................ 74
Topic 2 Social responsibility............................................................................. 77
OVERVIEW ............................................................................................................ 77
Unit 1 What is social responsibility? .................................................................. 78
Unit 2 What can businesses do?....................................................................... 78
Questions ......................................................................................................... 80
Answers ............................................................................................................ 81
Topic 3 Entrepreneurial qualities .................................................................... 82
OVERVIEW ............................................................................................................ 82
Unit 1 What is an entrepreneur? ........................................................................ 83
Unit 2 The qualities of an entrepreneur ............................................................ 86
Questions ......................................................................................................... 86
Answers ............................................................................................................ 87
, Topic 4 Forms of ownership .............................................................................. 88
OVERVIEW ............................................................................................................ 88
Unit 1 Forms of ownership vocabulary ............................................................... 89
Unit 2 Characteristics....................................................................................... 91
Unit 3 Advantages and disadvantages of different forms of ownership ............... 96
Questions ......................................................................................................... 99
Answers ...........................................................................................................103
Term 3
Topic 1 Creative thinking and problem-solving ................................................. 107
OVERVIEW ........................................................................................................... 107
Unit 1 Creative thinking .................................................................................. 108
Unit 2 Entrepreneurial opportunities ............................................................... 109
Questions ........................................................................................................ 114
Answers ........................................................................................................... 116
Topic 2 Business opportunities ....................................................................... 118
OVERVIEW ........................................................................................................... 118
Unit 1 Identifying business opportunities ......................................................... 119
Unit 2 The research process ........................................................................... 120
Unit 3 Business opportunities – needs and desires ..........................................122
Questions ........................................................................................................123
Answers .......................................................................................................... 124
Topic 3 Business location decisions................................................................ 126
OVERVIEW .......................................................................................................... 126
Unit 1 Where to position your business ............................................................ 127
Questions ........................................................................................................130
Answers ...........................................................................................................132
Topic 4 Contracts ............................................................................................134
OVERVIEW ...........................................................................................................134
Unit 1 Types of contracts .................................................................................134
Unit 2 Legal implications of contracts ..............................................................136
Questions ....................................................................................................... 138
Answers .......................................................................................................... 140
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 BookSquad. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $0.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now