Grade 12 BS Ch1

The following form part of the external environment:

• macroenvironment

• microenvironment

• market environment

• purchasing function

Events occurring within the business may have an impact on events in the macroenvironment.

• True

• False

World (Global) politics should also be considered when conducting a PESTLE analysis.

• True

• False

_______ is the responsibility to balance the duty to make profit for shareholders with the duty to give back to the community.

• CSR

• Public relations

• Ethics

• Competitive advantage

... has/have made the payment process faster.

• EPOSSE

• The Competition Commission

• Cartels

• BBBEE

Competitors are companies which sell similar products to the business.

• True

• False

• It depends

When comparing a business to its competitors, one should consider:

• The Business's size

• Trading hours

• Market share

• quality of products

Mountain Dew is an example of a cheaper substitute product for coke.

• True

• False

Goods bought for reselling will be bought by which department?

• Purchasing

• Production

• Marketing

• General Management

Goods bought for processing will be bought by which department?

• Purchasing

• Production

• Marketing

• General Management