1.1.1 This Act compels businesses to display the prices of all goods and services:
A Consumer Protection Act, 2008 (Act 68 of 2008)
B National Credit Act (NCA), 2005 (Act 34 of 2005)
C Compensation for Occupational Injuries and Diseases Amendment Act (COIDA), 1997 (Act 61 of 1997)
D Skills Development Act, 1998 (Act 97 of 1998)
1.1.2 Smooth Milkshakes implemented the .. - NSC Business Studies - Question 1 - 2020 - Paper 1
Question 1
1.1.1 This Act compels businesses to display the prices of all goods and services:
A Consumer Protection Act, 2008 (Act 68 of 2008)
B National Credit Act (NCA), 200... show full transcript
Worked Solution & Example Answer:1.1.1 This Act compels businesses to display the prices of all goods and services:
A Consumer Protection Act, 2008 (Act 68 of 2008)
B National Credit Act (NCA), 2005 (Act 34 of 2005)
C Compensation for Occupational Injuries and Diseases Amendment Act (COIDA), 1997 (Act 61 of 1997)
D Skills Development Act, 1998 (Act 97 of 1998)
1.1.2 Smooth Milkshakes implemented the .. - NSC Business Studies - Question 1 - 2020 - Paper 1
Step 1
This Act compels businesses to display the prices of all goods and services:
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Answer
The correct answer is A (Consumer Protection Act, 2008 (Act 68 of 2008)). This Act ensures that consumers are informed about pricing, thereby promoting transparency in transactions.
Step 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 C (concentric). This strategy involves adding new products that complement existing offerings.
Step 3
Zuko Transport operates in the ... sector as they specialise in delivery services.
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Answer
The correct answer is A (secondary). The secondary sector involves firms that manufacture or process goods, which includes transportation services.
Step 4
Anglesa Construction facilitates the training of its employees on a ... as a TQM element.
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Answer
The correct answer is D (continuous improvement to processes and systems). This aligns with TQM principles focusing on ongoing enhancement.
Step 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). Public relations involve managing communication between an organization and the public.
Step 6
The role of ... is to draw up skills development plans for their specific economic sector.
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Answer
The answer is director general. This role oversees initiatives for skill enhancement tailored to economic sectors.
Step 7
Businesses that offer goods on credit are required to register with the ...
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Answer
The answer is National Credit Act. This Act mandates registration for credit providers to ensure compliance with credit regulations.
Step 8
Parkview Consultants compiled a ... analysis to investigate the reasons for poor management in the business.
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Answer
The answer is SWOT. A SWOT analysis assesses strengths, weaknesses, opportunities, and threats related to business management.
Step 9
Odwa is entitled to the ... manager in order to receive the housing allowance.
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Answer
The answer is housing allowance. This typically relates to compensation structures in employment.
Step 10
The function of ... ensures that the new manager is familiar with the responsibilities of the job.
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Answer
The answer is administration. This function includes the orientation processes for new managers.
