Business environments, Entrepreneurship, & Information

SAPS, Johannesburg Hospital, and Randpark High School are part of which business world sector?

• Private

• Formal

• Public

• Informal

Which sector contributes DIRECTLY to the Gross Domestic Profit (GDP) of South Africa

• Formal

• Private

• Public

• Informal

Which economic sector would manufacturing of Cream Soda and Sprite be part of?

• Quinary

• Tertiary

• Secondary

• Primary

Which economic sector does this image belong to?

• Quaternary

• Secondary

• Tertiary

• Primary

A shop assistance who uses their knowledge to assist the customer on which color furniture they should purchase to match their home décor, belongs to which economic sector?

• Quinary

• Primary

• Tertiary

• Quaternary

What are the four PATHS to establishing an entrepreneurial venture?

• Innovation, Growth potential, sound objectives, Management

• Identifying an opportunity, Assessing resources required, Developing a business plan, Managing an entrepreneurial venture

• Incubation, Start-up, Breakthrough, Maturity

• Starting a new business, Buying an already established business, Franchise, Family Business

Which of the following is NOT a characteristic of an entrepreneur?

• Resources

• High risk tolerance

• Motivation

• Innovation

In which ENVIRONMENTS do you use the OT of the SWOT analysis?

• Micro

• Macro

• Market

• Internal

How many forces are there in porter's forces?

• 3

• 4

• 5

• 6

Suppliers, customers, and intermediaries belong to which environment?

• Micro

• Market

• Macro

• Internal