Podcast
Questions and Answers
What was Betty's approach to selling her sports supplements?
What was Betty's approach to selling her sports supplements?
- Minimizing her sales team's involvement.
- Prioritizing excellent customer service. (correct)
- Avoiding customer feedback sessions.
- Focusing on short-term profits.
Which quality did Betty display by urging her staff to dream big?
Which quality did Betty display by urging her staff to dream big?
- Risk aversion.
- Conservative planning.
- Indifference to goals.
- Visionary leadership. (correct)
What did Betty offer her sales team as motivation?
What did Betty offer her sales team as motivation?
- Pay based on hourly wages.
- High commission without a basic salary. (correct)
- Fixed benefits without performance incentives.
- A low commission with a high basic salary.
How often did Betty engage in meetings with her sales team?
How often did Betty engage in meetings with her sales team?
What aspect did Betty neglect while developing her business initially?
What aspect did Betty neglect while developing her business initially?
What does the statement 'people must start small, learn from it, even if they fail' reflect?
What does the statement 'people must start small, learn from it, even if they fail' reflect?
Which key success factor is indicated by a business's ability to compete globally?
Which key success factor is indicated by a business's ability to compete globally?
Which of the following best summarizes Betty's entrepreneurial strategy?
Which of the following best summarizes Betty's entrepreneurial strategy?
What is a critical first step Polka should take when drawing up an action plan for her business?
What is a critical first step Polka should take when drawing up an action plan for her business?
Why are timelines important in an action plan?
Why are timelines important in an action plan?
What should be included in the steps for transforming a business plan into an action plan?
What should be included in the steps for transforming a business plan into an action plan?
What is one key aspect of project planning steps in an action plan?
What is one key aspect of project planning steps in an action plan?
Which of the following is NOT a reason businesses need funding?
Which of the following is NOT a reason businesses need funding?
What is the primary purpose of a Gantt chart in business planning?
What is the primary purpose of a Gantt chart in business planning?
Which factor is crucial for determining the choice of funding for a business?
Which factor is crucial for determining the choice of funding for a business?
What does 'productivity' refer to in a business context?
What does 'productivity' refer to in a business context?
What is the primary purpose of providing handouts during a presentation?
What is the primary purpose of providing handouts during a presentation?
How do transparencies or slides benefit a business presentation?
How do transparencies or slides benefit a business presentation?
What does the term 'net salary' refer to?
What does the term 'net salary' refer to?
What is meant by 'time–related salary'?
What is meant by 'time–related salary'?
Which of the following is a key benefit of presenting business information effectively?
Which of the following is a key benefit of presenting business information effectively?
What is a key feature of a business report?
What is a key feature of a business report?
Which act focuses on ensuring fair treatment and workplace equity?
Which act focuses on ensuring fair treatment and workplace equity?
What is the primary responsibility of the Human Resources Function (HRF)?
What is the primary responsibility of the Human Resources Function (HRF)?
Which option is a common characteristic of flyers used by businesses?
Which option is a common characteristic of flyers used by businesses?
What should HRF ensure regarding employees' rights?
What should HRF ensure regarding employees' rights?
In what way does effective presentation of business information support decision-making?
In what way does effective presentation of business information support decision-making?
What distinguishes verbal presentations from non-verbal presentations?
What distinguishes verbal presentations from non-verbal presentations?
What does 'piecemeal related salary' indicate?
What does 'piecemeal related salary' indicate?
Which aspect does the successful presentation of business information NOT focus on?
Which aspect does the successful presentation of business information NOT focus on?
What does the recruitment process primarily involve?
What does the recruitment process primarily involve?
Which of the following best describes 'conditions of service'?
Which of the following best describes 'conditions of service'?
What is a key function of trade unions in the workplace?
What is a key function of trade unions in the workplace?
Which statement accurately describes the difference between a trade union and a workplace forum?
Which statement accurately describes the difference between a trade union and a workplace forum?
Which of the following is NOT a characteristic of a workplace forum?
Which of the following is NOT a characteristic of a workplace forum?
What is one of the causes of conflict that might arise in a workplace as suggested in the Cheeky Chocolates scenario?
What is one of the causes of conflict that might arise in a workplace as suggested in the Cheeky Chocolates scenario?
In what way can workplace forums contribute to resolving workplace conflicts?
In what way can workplace forums contribute to resolving workplace conflicts?
Which of the following is a component of job analysis?
Which of the following is a component of job analysis?
Which of the following statements about recruitment methods is TRUE?
Which of the following statements about recruitment methods is TRUE?
How do trade unions primarily serve their members?
How do trade unions primarily serve their members?
Which source is categorized under internal recruitment?
Which source is categorized under internal recruitment?
Which of the following is a method of external recruitment?
Which of the following is a method of external recruitment?
What is the primary characteristic of internal recruitment?
What is the primary characteristic of internal recruitment?
Which method is associated with external recruitment?
Which method is associated with external recruitment?
Which source is specifically designed to reach candidates within the organization?
Which source is specifically designed to reach candidates within the organization?
How does the process of external recruitment differ from internal recruitment?
How does the process of external recruitment differ from internal recruitment?
Which of the following methods is NOT considered external recruitment?
Which of the following methods is NOT considered external recruitment?
What type of recruitment does networking primarily fall under?
What type of recruitment does networking primarily fall under?
Flashcards
Entrepreneurial Quality 1
Entrepreneurial Quality 1
Betty's focus on customer service exceeding profit-seeking.
Entrepreneurial Quality 2
Entrepreneurial Quality 2
Starting small and scaling up gradually, learning from failures.
Entrepreneurial Quality 3
Entrepreneurial Quality 3
Identifying market gaps and creating new products.
Entrepreneurial Quality 4
Entrepreneurial Quality 4
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Entrepreneurial Quality 5
Entrepreneurial Quality 5
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Entrepreneurial Quality 6
Entrepreneurial Quality 6
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Key Success Factor 1
Key Success Factor 1
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Key Success Factor 2
Key Success Factor 2
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Action Plan
Action Plan
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Project Planning
Project Planning
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Gantt Chart
Gantt Chart
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Business Goals
Business Goals
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Timelines
Timelines
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Strategy
Strategy
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Operations
Operations
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Business Plan to Action Plan Transformation
Business Plan to Action Plan Transformation
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Handouts
Handouts
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Transparencies/Slides
Transparencies/Slides
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Business Reports
Business Reports
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Flyer
Flyer
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Business Information Importance
Business Information Importance
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Verbal Presentation
Verbal Presentation
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Non-verbal Presentation
Non-verbal Presentation
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Stakeholders
Stakeholders
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Workplace Conflict Causes
Workplace Conflict Causes
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Trade Union
Trade Union
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Workplace Forum
Workplace Forum
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Conflict Management
Conflict Management
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Recruitment Procedure
Recruitment Procedure
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Job Analysis
Job Analysis
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Job Description
Job Description
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Job Specification
Job Specification
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Net Salary
Net Salary
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Piecemeal Salary
Piecemeal Salary
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Time-related Salary
Time-related Salary
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BCEA
BCEA
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EEA
EEA
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COIDA
COIDA
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HR Function's role
HR Function's role
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Recruitment
Recruitment
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Internal Recruitment
Internal Recruitment
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External Recruitment
External Recruitment
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Job Description
Job Description
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Recruitment Sources
Recruitment Sources
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Selection Procedure
Selection Procedure
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Internal Recruitment Source Examples
Internal Recruitment Source Examples
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External Recruitment Source Examples
External Recruitment Source Examples
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Key Performance Areas
Key Performance Areas
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Study Notes
Business Studies Revision Booklet 2024 - Grade 11
- This revision program helps students revise 3rd and 4th term content and skills
- Purpose is to prepare students for the Final NSC examination
- Topics covered:
- Entrepreneurial qualities and success factors
- Transform a Business Plan into an Action Plan
- Start a Business Venture based on an Action Plan
- Presentation of Business Information
- Team Dynamics and Conflict Management
- Introduction to Human Resource Function
Entrepreneurial Qualities and Success Factors
- Learners should be able to outline/explain qualities of an entrepreneur
- Identify entrepreneurial qualities from scenarios or case studies
- Identify key success factors
- Suggest areas for improvement, and strategies for businesses to remain profitable and sustainable
- Key Concepts: entrepreneur, sustainability, customer base, good governance, stable workforce
Elsabe Health Products (EHP)
- Betty, the manager of Elsabe Health Products (EHP), identified a gap in the sport supplement market by mixing and creating formulas
- She focused on customer service instead of only profit
- She successfully grew the business, emphasizing small steps with learning from failures
- Key Qualities displayed by Betty: innovative, hardworking, responsible, takes calculated risks, motivated, inspirational, enthusiastic, confident
1.2 Key success factors in a business
- Strong focus
- Strong Customer base
- Profitability
- Good leadership
- Sustainability
- Market knowledge
- Stable workforce
- Unique product or service
Index Page
- Entrepreneurial qualities and success factors: pages 2-8
- Transform a Business Plan into an Action Plan: pages 9-16
- Start a Business Venture based on an Action Plan: pages 17-24
- Presentation of Business Information: pages 25-35
- Team Dynamics and Conflict Management: pages 36-39
- Introduction to Human Resource Function: pages 40-49
1.4 Strategies businesses can use to ensure that they remain profitable and Sustainable
- Planning for efficiency is important
- Sound financial management and good accounting practices
- Effective management of resources and employees
- Customer retention
- Ethical business behavior (socially responsible)
- Engage in community support
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Description
This quiz is designed for Grade 11 students to review essential Business Studies concepts in preparation for the Final NSC examination. Topics include entrepreneurial qualities, business plans, team dynamics, and human resource functions. Enhance your understanding and skills to succeed in the business landscape.