Exam (elaborations)
MNB1501 Exam pack.
- Course
- Business Management IA
- Institution
- University Of South Africa
MNB1501 Exam pack.100% CORRECT questions, answers, workings and explanations. for assistance.
[Show more]
Content preview
MNB1501Exam pack.
,CONTENT
1) SUMMARY CHAPTER 1 – 10
2) EXAMINATION PAPERS
a. MAY/JUNE 2016
b. OCTOBER/NOVEMBER 2016
c. MAY/JUNE 2017
d. OCTOBER/NOVEMBER 2017
e. MAY/JUNE 2018
f. OCTOBER/NOVEMBER 2018
g. MAY/JUNE 2019
h. OCTOBER/NOVEMBER 2019
i. MAY/JUNE 2020
3) EXAMINATION MEMOS 2016-2019
4) ASSIGNMENT MEMOS
,Table of Contents
Introduction ........................................................................................................................................... 7
Role of business in society .................................................................................................................... 7
Needs and needs satisfaction ............................................................................................................... 9
Multiplicity of human needs ............................................................................................................. 9
Society limited resources .................................................................................................................. 9
Natural Resources ......................................................................................................................... 9
Huan resources .............................................................................................................................. 9
Capital ........................................................................................................................................... 10
Entrepreneurship ........................................................................................................................ 10
Needs satisfaction cycle .................................................................................................................. 10
The main economic systems ........................................................................................................... 10
Market economy .......................................................................................................................... 10
Command economy ..................................................................................................................... 10
Socialism ...................................................................................................................................... 11
Mixed economy ............................................................................................................................ 11
The state and economic systems .................................................................................................... 11
Need-satisfying institutions of market economy .......................................................................... 11
Business organisation ................................................................................................................. 11
Government organisations ......................................................................................................... 11
Non-Profit .................................................................................................................................... 12
The nature of business management ............................................................................................. 12
Purpose and task of business management .............................................................................. 12
Purpose ........................................................................................................................................ 12
Task of business management ................................................................................................... 12
The renaissance of entrepreneurship ................................................................................................ 12
Entrepreneurship in South Africa ...................................................................................................... 12
Role of entrepreneurs and small business owners........................................................................... 13
Achievement motivation ................................................................................................................. 13
Internal locust of control ................................................................................................................ 13
Innovation and creativity ............................................................................................................... 14
Risk-taking ....................................................................................................................................... 14
Entrepreneurs skills and industry experience .................................................................................. 14
Outsourcing .......................................................................................................................................... 14
, The entrepreneurial process .............................................................................................................. 15
The small business .............................................................................................................................. 16
The legal form of ownership............................................................................................................... 16
Entity’s legal juristic personality .................................................................................................... 17
Limited liability of owners .............................................................................................................. 17
Degree of control ............................................................................................................................. 17
Compliance of legal formalities ...................................................................................................... 17
Taxation ........................................................................................................................................... 17
Transferability ................................................................................................................................. 17
The type of ownerships ...................................................................................................................... 18
Sole proprietor ................................................................................................................................ 18
Partnership ...................................................................................................................................... 18
Close corporation ............................................................................................................................ 18
Company .......................................................................................................................................... 19
Business trust .................................................................................................................................. 19
Co-operative society ........................................................................................................................ 19
Joint venture .................................................................................................................................... 20
Business plan ....................................................................................................................................... 20
Stakeholders .................................................................................................................................... 20
Scope of business plan .................................................................................................................... 21
Cover page and executive summary .............................................................................................. 21
General company description ........................................................................................................ 21
Product and service plan ................................................................................................................ 21
Marketing plan ................................................................................................................................. 21
Management plan ............................................................................................................................ 21
Operating plan ................................................................................................................................. 21
Financial plan ................................................................................................................................... 22
The business and environmental change .......................................................................................... 22
The composition of business environment ....................................................................................... 23
Microenvironment .......................................................................................................................... 23
Market environment ....................................................................................................................... 23
Macro environment ......................................................................................................................... 23
The microenvironment ....................................................................................................................... 24
The market environment .................................................................................................................... 24
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LOVELY01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R51,89. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52355 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now