Answers
BSM1501 Assignment 01 Semester 01 2020 Questions and Answers
- Institution
- University Of South Africa (Unisa)
BSM1501 Assignment 01 Semester 01 2020 Questions and Answers including page references etc.
[Show more]
4 reviews
By: aframatavele • 4 year ago
By: maipato • 4 year ago
By: amenzitee • 4 year ago
By: bongirag • 4 year ago
Content preview
BSM1501Business Management 1A
Assignment 01 for Semester 01 (compulsory)
Unique Number 670231
Due: 13 March 2020
Disclaimer
Distribution of this document is illegal.
Users may therefore not share, reproduce, duplicate, copy, sell, or resell this document.
I cannot guarantee results for the student. The opinions expressed are in good faith and while every
care has been taken in preparing this document, I make no representations and give no warranties of
whatever nature in respect of this document, including but not limited to the accuracy or
completeness of any information, facts and/or opinions contained therein.
The result of a student is dependent on many factors including a student’s study habits, and
engagement in study groups.
In no event will I be held liable for the use of and reliance of the opinions and findings in this document.
Note that all answers are extracted from the prescribed book: “ Entrepreneurship and how to establish
your own business – sixth edition and / or the study guide.
PLEASE NOTE
Study Chapters 1 and 2 thoroughly before you answer this assignment.
MULTIPLE-CHOICE QUESTIONS
We recommend submitting your assignment online on myUnisa. You may also use a markreading
sheet to answer and submit the assignment.
Chapter 1
Questions 1 to 5. Match the following concepts in column A with the correct description in column
B.
, Answer:
1. 2)
Page 12 of the prescribed textbook:
Perseverance
Entrepreneurs have confidence in themselves and their businesses and carry on in spite of setbacks,
difficult situations and problems. They are able to take immediate decisions, but can also exercise
patience until a task has been completed and a goal reached. They do not lose heart when they make
mistakes or fail. Successful entrepreneurs have an intense determination and a need to overcome
obstacles, solve problems and complete a task. They are not intimidated by difficult situations.
2. 5)
Page 3 of the prescribed textbook:
Gross Domestic Product (GDP) is the total production of a country. The total number of services and
products supplied and produced within the borders of a country in one year is measured in financial
terms by GDP. The growth rate of GDP is an indication of how successful a country is in providing jobs
and income to its citizens.
3. 4)
Page 17 of the prescribed textbook:
Customer service
This activity is included in the marketing and administrative functions. Entrepreneurs who maintain
good human relations are aware of clients’ needs, and so provide very good customer service.
Examples are after-sales service; attention to detail, such as serving refreshments when a client visits;
personal presentability and attractive premises; user-friendliness; and having a neatly ordered shop
and clear instructions for using products. Clients remember, support and recommend a business that
meets their needs and gives them something extra without making them feel they are paying for it.
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 aj107. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now