1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - Paper 1
Question 1
1.1 Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question numbers (1.1.... show full transcript
Worked Solution & Example Answer:1.1 Various options are provided as possible answers to the following questions - NSC Business Studies - Question 1 - 2020 - Paper 1
Step 1
1.1.1 This Act compels businesses to display the prices of all goods and services:
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Answer
The correct answer is B: National Credit Act (NCA), 2005 (Act 34 of 2005), as it mandates businesses to clearly display prices to consumers.
Step 2
1.1.2 Smooth Milkshakes implemented the … diversification strategy when they added fruit shakes to their existing menu.
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Answer
The correct answer is A: vertical, as they expanded their existing product line to include related items.
Step 3
1.1.3 Zuko Transport operates in the … sector as they specialize in delivery services.
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Answer
The correct answer is D: tertiary, since delivery services fall under the service sector.
Step 4
1.1.4 Anglocast Construction facilitates the training of its employees on a continuous basis and it also functions as … a TQM element.
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Answer
The correct answer is A: continuous skills development, which is essential for total quality management.
Step 5
1.1.5 This function is responsible for the release of positive press statements in order to boost the image of the business:
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Answer
The correct answer is B: Public relations, as this area manages communications and media relations.
Step 6
1.2.1 The role of ... is to draw up skills development plans for their specific economic sector.
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Answer
The correct word is 'SETAs'.
Step 7
1.2.2 Businesses that offer goods on credit are required to register with the …
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Answer
The correct word is 'National Credit Act'.
Step 8
1.2.3 Parkview Consultants compiled ... an analysis to investigate the reasons for poor management in the business.
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Answer
The correct word is 'administration'.
Step 9
1.2.4 Odwa is entitled to … to receive the funds.
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Answer
The correct word is 'housing allowance'.
Step 10
1.2.5 The model within an organization requires the assistance of the … manager in order for them to function effectively.
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