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2.1 Name any FOUR types of leave as stipulated in the Basic Conditions of Employment Act (BCEA), 1997 (Act 75 of 1997) - NSC Business Studies - Question 2 - 2024 - Paper 1
Question 2
2.1 Name any FOUR types of leave as stipulated in the Basic Conditions of Employment Act (BCEA), 1997 (Act 75 of 1997). 2.2 Outline the strategic management process... show full transcript
Worked Solution & Example Answer:2.1 Name any FOUR types of leave as stipulated in the Basic Conditions of Employment Act (BCEA), 1997 (Act 75 of 1997) - NSC Business Studies - Question 2 - 2024 - Paper 1
Step 1
Identify TWO forces of Porter’s Five Forces model that are applicable to GB. Motivate your answer by quoting from the scenario above.
Answer
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Threat of Substitutes: The scenario notes that GB experiences a decline in income as some of their customers prefer to build their own properties. This indicates that there is a significant threat posed by substitutes, which in this case are the customers acting independently to construct their properties rather than relying on GB's services.
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Bargaining Power of Suppliers: Donga Hardware is the only supplier providing high-quality cement for GB. This gives Donga Hardware significant power over GB, as they pay high prices for materials due to the lack of alternatives. This scenario showcases the bargaining power of suppliers affecting GB’s profitability and operational costs.
Step 2
Explain the implication of enterprise and supplier development (ESD) as a pillar of the Broad-Based Black Economic Empowerment Act (BBBEE), 2003 (Act 53 of 2003) for businesses.
Answer
Enterprise and supplier development (ESD) aims to create a sustainable economy by supporting black-owned businesses. For businesses, this means they must prioritize collaborations with black SMEs and develop supply chains that are diversely constructed. This not only improves their BBBEE scoring but fosters an inclusive economic environment that allows for growth and innovation within local communities. Furthermore, engaging in ESD can enhance a company's reputation and strengthen its market position by demonstrating commitment to social responsibility.
Step 3
Discuss any TWO types of integration strategies.
Answer
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Backward Vertical Integration: This occurs when a business acquires or merges with its suppliers to secure the supply chain and reduce costs. By taking control over the supply of raw materials, the business minimizes its dependence on external suppliers, thereby ensuring quality and timely deliveries.
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Horizontal Integration: This strategy involves a business merging with or acquiring competitors within the same industry to increase market share. By consolidating resources and expanding the customer base, businesses can achieve economies of scale and reduce competition.
Step 4
Quote TWO ways in which TP complies with the Employment Equity Act (EEA), 1998 (Act 55 of 1998) from the scenario above.
Answer
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Tasty Pizzas ensure all racial groups are equally represented at every level of employment, which aligns with the EEA's requirement for diversity in the workplace.
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They apply correct procedures to prevent exceeding maximum working hours for employees, ensuring that labor rights and regulations as stipulated by the EEA are adhered to.
Step 5
Describe other ways in which businesses can comply with the EEA.
Answer
Businesses can comply with the EEA by implementing an employment equity plan that includes measurable goals for diversity in hiring. Additionally, regular reporting to the Department of Labour on progress towards diversity inclusion can help maintain compliance. Providing training programs that address skills gaps among designated groups is another approach to promote equity in hiring and advancement within the company.