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Aya and her sister Maya live in Roodepoort - NSC Hospitality Studies - Question 5 - 2024 - Paper 1
Question 5
Aya and her sister Maya live in Roodepoort. They were brought up in a traditional African home where the focus was always on food and they spent most of their time c... show full transcript
Worked Solution & Example Answer:Aya and her sister Maya live in Roodepoort - NSC Hospitality Studies - Question 5 - 2024 - Paper 1
Step 1
List THREE characteristics that Aya and Maya should possess in order to become good entrepreneurs.
Answer
Aya and Maya should possess the following characteristics to become successful entrepreneurs:
- Creative and innovative: They need to develop unique recipes and business ideas to stand out in the market.
- Risk-takers: Being willing to take risks is essential for making bold business decisions and exploring new opportunities.
- Self-driven: They should be motivated and determined to achieve their business goals, even in the face of challenges.
Step 2
Step 3
Name THREE other self-employment opportunities that Aya and Maya can add to expand their food business.
Answer
- Private catering services: They can offer catering for private events like weddings and parties.
- Food delivery services: They can create a platform to deliver their meals to local customers.
- Social media influencing: They can leverage their business to create content around cooking and food, gaining followers and potential sponsorship deals.
Step 4
Explain THREE ways in which Afri-Stop can positively contribute to the South African economy.
Answer
- Job creation: By establishing their business, they can create employment opportunities for others in the community.
- Supporting local suppliers: Purchasing ingredients from local farmers and vendors stimulates the local economy.
- Boosting tourism: If their food stall attracts visitors, it can contribute to the local tourism industry, enhancing economic growth.
Step 5
Advise Aya and Maya on the FOUR important aspects that form part of a business plan.
Answer
- Executive Summary: This section provides an overview of their business and its objectives.
- Market Analysis: Understanding their target market, competition, and market trends to effectively position Afri-Stop in the market.
- Financial Plan: Detailed budgeting, financial projections, and funding requirements.
- Operational Plan: Description of day-to-day operations, logistics, and management structure.