Business Studies Grade 12

A form of business that can have many owners and issue stock.

Capital is the money used to start a business.

Businesses with a staff payroll over R500 000 per annum can claim the skills development levy.

ABC Paints operates in the ....... Sector as they specialise in the manufacturing of paint.

Career planning includes

Zuko transport aperates in the sector as they specialise in delivery service

Covid-19 does not affect the increment of unemployment rate in South Africa

Communication is a ......

Screening eliminates suitable candidate.

A market economy offers incentives such as competition and the profit motive to produce more.

........ Improves access to training programmes

Consumer corporative societies are formed to...

Basic conditions of Employment Act 75 of 1997 sets minimum requirements for the employment contract

Profit is the amount of money given or asked for when goods and services are bought and sold.

Businesses use quality ..... to direct key processes so that the correct practices are met.

The ...... Function helps to find the correct staff for the business

Reduction in a number of employees due to operational reasons.

A business that takes natural resources and convert them into consumer goods.

Covid-19 affects the economy.

Services are material things you can see and touch.

Smith milkshakes implemented the diversification strategy when they added fruit shakes to their existing menu

Inflation reduces the purchasing power of money.

Goods can be physically weighed or measure but services cannot.

Tertiary sector renders services to the public and businesses.

Currently the US is in the recovery face of the business cycle.

Businesses apply PESTLE model to analyse their position in the market.

..... refers to the principles of right or wrong / acceptable in society.

Key actors in a business immediate Environment include....

Dismissal is a termination of an employment contract due to misconduct.

Unemployment statistics are an important indicator of economic activities.

Ethical behaviour refers to the principles of right and wrong in a society.

This act compels business to display the price of all goods and services

The process of matching a new employee skills and abilities with the job requirement is known as

...... Aims at ensuring that customers' needs are satisfied beyond their expectations.

Inflation is a control factor from the .... Environment

A market economy is often called private enterprise or capitalism

This is a human resources function activity whereby new employees are introduced to the business

This Act aims at targeting inequality in South African economy.

T-Account are ideal for small businesses.

Necessary wants are needs.

This function is responsible for the release of positive press statement in order to boost the image of the businesses

Businesses have no control over the market environment.

Reduction in the number of employees due to operational reasons is Retirement

......leads to a formal qualifications linked to a special trade.

No matter how carefully you plan, you cannot avoid all risks.

Inflation is a general increase in the cost of goods and services.

Minimum number of members in a public limited company

Contest between businesses to win customers is called Market Research

Not all insurance agencies work for an insurance company.

Angela construction facilitates the training of its employees on a regular basis