N5 Entrepreneurship


Revision questions 1. Name the four main aspects of a business plan. (Your business will probably be organised in this way as well.)


2. People accept different roles when working in a group; which role is the worst for effective group work? Give a reason.


3. Which “indirect business environment” is of particular relevance to a restaurant business and should be considered before choosing a meat supplier? Give an example.


4. What can happen if you disregard this “indirect business environment”? 5. The business environment that can give a business an early indication whether sales might increase or decrease is: a) Customers b) Economics c) Competitors d) Suppliers e) Government


6. Which alternative generation technique is the most widely used? 7. Name three other functions of a manager. 8 John Sithole is facing the following problem:


“He is not sure whether he should buy another new garbage removal truck.” Explain the different steps that he should follow to reach a decision. Give practical examples related to the case study where possible.


9. Discuss three ways to make a business of your choice more competitive.


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