10 Questions
Which organization is not mentioned as an initiative to facilitate SMMEs in South Africa?
The Department of Small Business Development (DSBD)
Which document is important to consider when purchasing a franchise?
Franchise Agreement
Which agency does not play a role in facilitating SMMEs according to the text?
South African Revenue Service (SARS)
What is a crucial consideration when contemplating franchising, based on the text?
$250 monthly royalty fee
Which agency's role in SMME facilitation can be inferred from the text?
The National Youth Development Agency (NYDA)
What is the main purpose of a fundamental analysis?
To assess the feasibility and viability of entrepreneurial options.
What is the key question asked during a fundamental analysis?
What is the impact of the variables in the business environment on the target market?
What is NOT an outcome of a fundamental analysis?
A market analysis report.
What is NOT a phase of a fundamental analysis?
An analysis of the company's production process.
Which of the following is TRUE about a fundamental analysis?
It is used to assess the feasibility and viability of entrepreneurial options.
Study Notes
Initiatives for SMME Development in South Africa
- The Small Business Development Agency (SBDA), The Small Enterprise Finance Agency (SEFA), The Small Enterprise Development Agency (SEDA), and The Department of Small Business Development (DSBD) are all initiatives to facilitate and promote the development of SMMEs in South Africa.
- The National Youth Development Agency (NYDA) is not an initiative specifically for SMME development.
Important Documents for Franchise Purchasing
- When purchasing a franchise, two important documents to consider are the operations manual and the disclosure document.
- The disclosure document includes information about the financial status of the franchise.
Fundamental Analysis for Entrepreneurial Options
- A fundamental analysis is a three-phased audit.
- The primary purpose of a fundamental analysis is to assess the feasibility and viability of entrepreneurial options.
- The outcome of a fundamental analysis is a set of pro forma statements of profit and loss, and financial position.
- The key question of a fundamental analysis is: What is the impact of the variables in the business environment on the target market?
Test your knowledge on SMME initiatives in South Africa with a quiz question from the NMU student portal. Identify which initiative is not a part of the programs promoting SMME development in the country.
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