The Marketing Function (Grade 11 NSC Matric Business Studies): Quizzes
📚Quizzes
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Practise the questions
10 questions from this quiz
What payment method is primarily used for transactions in the informal sector?
What payment method is primarily used for transactions in the informal sector?
Cash
What is the informal sector often called because it operates alongside the formal economy?
What is the informal sector often called because it operates alongside the formal economy?
The second economy
Which advantage makes the informal sector attractive for new entrepreneurs?
Which advantage makes the informal sector attractive for new entrepreneurs?
Low barriers to entry
What important role does the informal sector serve for future entrepreneurs?
What important role does the informal sector serve for future entrepreneurs?
Serves as a training ground
How does competition in the informal sector compare to the formal sector?
How does competition in the informal sector compare to the formal sector?
Less intense
Which distribution method does the informal sector strongly favour?
Which distribution method does the informal sector strongly favour?
Direct distribution
What is a key benefit of direct distribution for informal businesses?
What is a key benefit of direct distribution for informal businesses?
Complete control over products
Which is an example of indirect distribution in the informal sector?
Which is an example of indirect distribution in the informal sector?
Farmers delivering to spaza shops
What are the two most important marketing tools for informal businesses?
What are the two most important marketing tools for informal businesses?
Word of mouth & personal selling
How do formal and informal businesses differ in their approach to branding?
How do formal and informal businesses differ in their approach to branding?
Formal invests in logos; informal has none