Business Studies

In order to be successful a business needs to?

• Identify its customers needs and wants
• Have a big shop
• Sell products really cheap
• Have lots of sales

What is an entrepreneur?

• Someone who takes a calculated risk through starting a business
• Someone who gives up when something goes wrong
• Someone who doe not understand the business environment
• Someone who does not take time to consider the risks

What are the main categories of market segmentation?

• Location, Demographics and Income
• Where they go to school

What are the 4 p's of marketing?

• price, product, promotion, place
• price, person, promotion, place
• place, perspective, promotion, place

the human resources ( HR) is responsible for..

• planning for a business future need for labour

• the right workers in the right numbers, in the right places and the right time

• A & B

• the salary of the fabric foreman

one of the recruitment resources is..

• Recruitment agencies

• Tertiary institutions

• In-house employees

• All of the above

The insurance industry forms part of the..... sector

• Primary

• Secondary

• Tertiary

• Informal

The value of our currency in terms of foreign currency, is known as a..

• exchange rate

• interest rate

• inflation rate

• tax rate

The minimum number of directors in this type of company is one;

• personal liability company

• non-profit company

• public company

• state-owned company

Which advertising tool the business use, when they advertise position within the business:

• radio

• newspaper

• notice board

• billboard