Business Studies Grade 10 Core Notes

<p>Government legislation. (D)</p> Signup and view all the answers

<p>Fluctuations in market interest rates (B)</p> Signup and view all the answers

<p>Due to a sudden increase in import tariffs on raw goods (C)</p> Signup and view all the answers

<p>A sudden change in consumer preferences. (A)</p> Signup and view all the answers

<p>Market. (A)</p> Signup and view all the answers

<p>The pursuit of competitive pricing (C)</p> Signup and view all the answers

<p>The social, cultural, and demographic environment (B)</p> Signup and view all the answers

<p>Competition (D)</p> Signup and view all the answers

<p>PESTLE Analysis (D)</p> Signup and view all the answers

<p>A business's inability to adapt to changing consumer preferences, resulting in decreased sales. (B)</p> Signup and view all the answers

<p>Political (A)</p> Signup and view all the answers

<p>Political (D)</p> Signup and view all the answers

<p>Technological environment (B)</p> Signup and view all the answers

<p>Businesses are not legally registered and do not pay taxes. (D)</p> Signup and view all the answers

<p>A large retail chain like Shoprite. (D)</p> Signup and view all the answers

<p>By potentially displacing workers through automation. (D)</p> Signup and view all the answers

<p>Training employees to effectively use the new technology. (D)</p> Signup and view all the answers

<p>It offers work experience and income opportunities to marginalized communities. (A)</p> Signup and view all the answers

<p>To avoid the payment of fines and legal penalties. (D)</p> Signup and view all the answers

<p>To maximize profit for the owners. (A)</p> Signup and view all the answers

<p>The public sector (D)</p> Signup and view all the answers

<p>To establish a legal framework for international trade and industries. (B)</p> Signup and view all the answers

<p>Law enforcement (A)</p> Signup and view all the answers

<p>The products meet the required international standards. (B)</p> Signup and view all the answers

<p>Privatization (C)</p> Signup and view all the answers

<p>The scarcity and high cost of some natural resources. (B)</p> Signup and view all the answers

<p>The sustainability of mineral resources. (C)</p> Signup and view all the answers

<p>They diligently report income and pay taxes (A)</p> Signup and view all the answers

<p>Availability of natural resources, infrastructure, and pollution levels. (B)</p> Signup and view all the answers

<p>Meeting the needs of the community (B)</p> Signup and view all the answers

<p>Increasing the insurance premiums (C)</p> Signup and view all the answers

<p>Termination of an employment contract by the employer because the job is no longer needed (D)</p> Signup and view all the answers

<p>Problems relating to inequality, poverty, unemployment, health, crime, and discrimination within a society. (D)</p> Signup and view all the answers

<p>A type of strike where workers deliberately reduce their work pace. (C)</p> Signup and view all the answers

<p>A situation where the employer prevents employees from entering the workplace due to a labor dispute. (C)</p> Signup and view all the answers

<p>A company's patented invention. (B)</p> Signup and view all the answers

<p>Employees striking in support of workers in a different industry. (A)</p> Signup and view all the answers

<p>Ensuring the workforce reflects the demographics of the country. (B)</p> Signup and view all the answers

<p>Legal gambling is authorized and regulated by the state, while illegal gambling is not. (D)</p> Signup and view all the answers

<p>It can lead to corruption within businesses and negatively impact their reputation. (B)</p> Signup and view all the answers

<p>The unauthorized duplication or use of copyrighted, patented, or trademarked material. (C)</p> Signup and view all the answers

<p>A decline in revenue due to the distribution of counterfeit goods. (D)</p> Signup and view all the answers

<p>Patent, to safeguard the exclusive right to use, sell, and manufacture the invention. (D)</p> Signup and view all the answers

<p>Copyright (D)</p> Signup and view all the answers

<p>Investing money in a pyramid scheme promising unrealistically high returns. (D)</p> Signup and view all the answers

External situations that can increase a business's sales potential.

External situations that can decrease a business's sales potential.

Competition can create awareness for a product through various marketing efforts.

When competitors sell similar products in the same market, it poses a threat.

Elements a business has full control over, like mission and structure.

External challenges with limited control, like demographics and competitors.

Businesses need to actively develop plans to counteract threats.

Forces outside a business affecting performance, like legislation and economic trends.

Advantages businesses gain from advancements in technology.

Negative impacts of technology, such as job displacement.

Preparing workers to use new technology effectively.

Rules and regulations businesses must comply with legally.

The exchange of goods and services across international borders.

Engaging in commerce that violates laws or regulations.

Materials from the environment used in business operations.

The ability to maintain resource availability without depletion.

The external factors affecting a business that it cannot control.

A framework for analyzing macro-environmental factors: Political, Economic, Social, Technological, Legal, Environmental.

Factors that influence a business's financial performance and operations.

Cultural and demographic factors that influence consumer behavior.

Laws and regulations governing how businesses operate.

The impact of technology on how businesses operate and compete.

Issues related to natural resources and ecological impacts affecting business.

The increasing connections and interdependence between economies and cultures worldwide.

Involves manufacturing and processing of goods, e.g., making chips.

Registered businesses that pay taxes and are included in GDP figures.

Unregistered businesses that do not pay taxes and are excluded from GDP.

Includes large businesses like KFC and retail stores like Shoprite.

Provides income, work experience, and entrepreneurship opportunities for communities.

Industries controlled by the government providing essential services.

Businesses aimed at profit, owned and operated by individuals or corporations.

The process of selling government-owned businesses to the private sector.

Not producing enough to sustain a business or economy.

Having the same status, rights, or opportunities as others.

Ownership of ideas or creations by individuals or companies.

The ability of a business to generate more income than its expenses.

Challenges related to economy and society, like poverty and unemployment.

When workers stop during hours and refuse to work effectively.

When employers prevent workers from entering workplace during disputes.

A workforce that represents diverse demographics and includes all groups equally.

Forms of gambling that are regulated and licensed by authorities.

Gambling activities not authorized by law, such as unlicensed casinos.

Gambling can decrease employee morale and disrupt the work environment.

The unauthorized copying or use of copyrighted materials or trademarks.

Businesses face sales declines due to counterfeit products and may incur legal costs.

Legal right that protects the creator's original work from being copied without permission.

Exclusive right granted for an invention for a certain period, preventing others from using it.