On this page, we discuss the entrepreneur as a creator of employment and ensuring competition. Entrepreneurs are the root of almost all businesses that exist today. From one inspired man who has a creative business idea that addresses the current market gaps and societal challenges, many companies and organisations can emerge. Which ultimately leads to … Read more
Business Studies Grade 11 Term 3 Past Papers and Memos: On this page, you have access to an invaluable resource: Business Studies Grade 11 Term 3 (September) Past Papers and Memos, compiled into user-friendly PDF formats. These documents offer an excellent opportunity to practice and refine your knowledge in preparation for your exams. Business Studies … Read more
Business Studies Grade 11 Exam Questions: Influences And Challenges Of The Business Environments: Influences And Challenges Of The Business Environments Exam Questions Outline the components of the micro, market & macro environments. (Recap) Explain the reasons why businesses has more control over the micro environment/less control over market environment and less control over macro environment. … Read more
Business Studies Grade 11 Definition of Terms Notes: List of Business Studies Grade 11 Definition of Terms Strike A work stoppage as a form of protest or to strengthen one’s bargaining position Industrial action These are actions that include strikes or go-slows Open market A market where there is no control over who may provide … Read more
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Business Studies Grade 11: Macro environment extent of control Notes Ways in which businesses can be involved in the macro environment Influencing suppliers by signing long-term contracts. Creating new uses for a product by finding new customers. Influencing regulators through lobbying and bargaining. Initiating bargaining sessions between management and unions. Influencing its owners using information … Read more
Business Studies Grade 11 Business environments and extent of control: Reasons why businesses has more control over the micro environment/less control over market environment and less control over macro environment Micro environment Market environment Macro environment Read more here
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