2.1 Name THREE types of diversification strategies - NSC Business Studies - Question 2 - 2019 - Paper 1

SETAs, or Sector Education and Training Authorities, play a critical role in the implementation of the Skills Development Act. Their functions include:

1. Developing Skills Plans: SETAs are responsible for developing sector-specific skills plans, aligning training initiatives with the National Skills Development Strategy.

2. Promoting Learnerships: They facilitate learnerships and skills development programmes to improve workforce skills and qualifications.

3. Funding Training: SETAs allocate grants to companies meeting the skills development criteria, enabling them to effectively train their employees.

2.3.1 Maternity Leave: Ruth is entitled to maternity leave as provided by the BCEA.

2.3.2 Annual Leave: Ashley is entitled to annual leave, which allows her up to 21 days of leave each year.

2.3.3 Sick Leave: John is granted sick leave to care for his sick mother, which complies with the provisions of the BCEA.

2.3.4 Sick Leave with Medical Certification: Zodwa’s use of sick leave due to illness, supported by a medical certificate, is in accordance with the BCEA.

The Labour Relations Act (LRA) aims to promote economic development and social justice by regulating relationships between employers and employees. Its key purposes include:

1. Protecting Workers' Rights: The LRA outlines the rights of employees to organize, engage in collective bargaining, and ensures protection against unfair dismissal.

2. Establishing Fair Procedures: It provides guidelines for resolving disputes in the workplace through conciliation and arbitration, thereby promoting fair working conditions.

Three consumer rights included in the CPA are:

1. Right to Privacy and Confidentiality: Consumers have the right to protect their personal information from unwanted marketing approaches.

2. Right to Fair and Honest Dealings: Consumers are entitled to fair treatment, ensuring no misleading advertisements or deceptive practices occur.

3. Right to Fair Value/Quality and Safety: Consumers must receive products that are of satisfactory quality, and businesses are liable for defective products.

The Act that Meat Market Ltd is complying with is the Broad-Based Black Economic Empowerment Act (BBBEE).

1. Ownership: The scenario mentions that the company gave some of its shares to previously disadvantaged employees, complying with the ownership pillar.

2. Skills Development: The provision of learnership programmes also reflects commitment to the skills development pillar of the BBBEE.

2.7.1 Economic: Economic factors such as inflation, recession, and unemployment can affect consumer purchasing power, leading to decreased sales and profitability.

2.7.2 Social: Social factors, including shifting consumer preferences and demographic changes, may require businesses to adapt their offerings and marketing strategies to retain competitiveness.

Businesses can comply with the EEA by:

1. Implementing Fair Employment Practices: Establishing policies to promote equal opportunity without discrimination.

2. Creating Awareness and Training Programs: Educating employees about the importance of diversity and inclusivity in the workplace.