1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - Paper 1
Question 1
1.1 Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question numbers (1.1.... show full transcript
Worked Solution & Example Answer:1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - Paper 1
Step 1
1.1.1 This Act compels businesses to display the prices of all goods and services:
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Answer
The correct answer is B: National Credit Act, 2005 (Act 34 of 2005). This act ensures transparency in pricing for consumers.
Step 2
1.1.2 Smooth Milkshakes implemented the ... diversification strategy when they added fruit shakes to their existing menu.
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Answer
The correct answer is B: horizontal. This diversification involves expanding into related products.
Step 3
1.1.3 Zuko Transport operates in the ... sector as they specialise in delivery services.
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Answer
The correct answer is D: tertiary. The tertiary sector focuses on providing services.
Step 4
1.1.4 Angela Construction facilitates the training of its employees on a continuous basis as ... a TQM element.
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Answer
The correct answer is A: continuous skills development. TQM emphasizes ongoing improvement in skills and quality.
Step 5
1.1.5 This function is responsible for the release of positive press statements in order to boost the image of the business:
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Answer
The correct answer is B: Public relations. This function manages the image and public perception of the business.
Step 6
1.2.1 The role of ... is to draw up skills development plans for their specific economic sector.
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Answer
The answer is director general.
Step 7
1.2.2 Businesses that offer goods on credit are required to register with the ...
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Answer
The answer is National Credit Act.
Step 8
1.2.3 Parkview Consultants compiled a ... analysis to investigate the reasons for poor management in the business.
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Answer
The answer is SWOT.
Step 9
1.2.4 Odwa is entitled to ... from his employer.
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Answer
The answer is housing allowance.
Step 10
1.2.5 The ... report gives insight into the external factors that affect businesses.
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