4.1 Name any TWO types of business sectors - NSC Business Studies - Question 4 - 2023 - Paper 1

4.2.1 Employees receive a maximum of five days leave in the event of the death of a close relative.

4.2.2 Medical certificates must be submitted by employees when absent from work for more than two consecutive days due to illness.

SETAs are funded primarily through the Skills Development Levies collected from employers. These levies are calculated as a percentage of the company’s payroll. The funds collected are then used to support training initiatives and programs that enhance skills development in South Africa.

1. Vertical Integration: This strategy involves a company expanding its operations into different stages of production within the same industry. For example, a manufacturer acquiring its suppliers to control the supply chain.

2. Horizontal Integration: This strategy occurs when a company acquires another company that operates at the same level in the market. This can help increase market share and reduce competition.

1. Businesses should offer applicants pre-agreement statements that disclose all costs associated with the loan, ensuring transparency.
2. Companies must conduct affordability assessments to ensure that consumers are able to meet their credit obligations.

The purpose of induction is to integrate new employees into the organization by providing them with the necessary information about their roles, corporate culture, policies, and procedures. This process helps to enhance their understanding of the company and facilitates their transition into their new environment.

The placement procedure involves identifying the best candidates for specific job roles and ensuring they are properly assigned. This includes:

1. Screening applicants to match them to suitable roles based on their qualifications and experience.
2. Conducting interviews to assess candidates' fit with the company culture and job requirements.
3. Finalizing the selection and communicating job offers.

1. Good quality management systems result in increased customer satisfaction.
2. They lead to improved productivity through better time management.

Other benefits include:

1. Enhanced competitive advantage in the market, resulting in higher profitability.
2. Increased efficiency in resource utilization, which can reduce operational costs.

1. Implementing quality circles which involve small groups of employees who meet regularly to discuss and enhance processes.
2. Regularly evaluating and improving operation methods to minimize waste and rework, thus decreasing overall quality costs.