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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
2.3 Identify TWO forces of Porter’s Five Forces model that are applicable to GB.
Answer
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Threat of Substitutes: Donga Hardware is the only provider of high-quality cement for Greenwood Builders. Given that customers can choose to build their own properties, there is a significant threat that substitutes or alternative choices may arise, which could undermine GB's customer base.
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Bargaining Power of Suppliers: Since Donga Hardware is the sole supplier of cement, it holds considerable power over pricing. This can lead to increased costs for GB, as Donga can dictate terms without competition, affecting GB's overall profitability.
Step 2
2.4 Explain the implication of enterprise and supplier development (ESD) as a pillar of the Broad-Based Black Economic Empowerment Act (BBBEE), 2003.
Answer
Enterprise and Supplier Development (ESD) aims to assist businesses in increasing their economic participation in the South African economy by ensuring that black-owned enterprises have access to markets, resources, and opportunities.
The BBEEE Act encourages larger companies to provide direct support to smaller, black-owned businesses, enabling them to grow and become sustainable. Implementation of ESD can lead to job creation, economic growth, and an improved standard of living for previously disadvantaged communities. Additionally, it fosters partnerships between established and emerging businesses, enhancing overall industry competitiveness.
Step 3
2.5 Discuss any TWO types of integration strategies.
Answer
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Backward Vertical Integration: This strategy involves a company acquiring or merging with its suppliers to control the supply chain and reduce dependency on external parties. For example, a construction business could purchase its raw material suppliers to ensure a steady supply and potentially lower costs.
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Horizontal Integration: This strategy entails a business combining with or acquiring competitors to increase market share. For instance, a company in the same industry might merge with another to reduce competition and achieve economies of scale.
Step 4
2.6.1 Quote TWO ways in which TP complies with the Employment Equity Act (EEA), 1998.
Answer
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Tasty Pizzas ensure that all racial groups are equally represented at every level of employment, promoting diversity and inclusivity in the workplace.
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TP applies correct procedures to prevent exceeding their maximum working hours, thus adhering to established labor standards.
Step 5
2.6.2 Describe other ways in which businesses can comply with the EEA.
Answer
Businesses can:
- Implement an employment equity plan as required by the Act, ensuring that strategies are in place to achieve workplace diversity.
- Conduct regular training and development programs for designated groups to encourage skill development and employment opportunities within the organization.
- Submit their employment equity plan to the Department of Labour for monitoring and compliance purposes.