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Q1— Section header —
1.1Kwapeng i s running a business in a free market system. Define free market system
1.2State at least THREE disadvantages of this system. (3\
1.3As an entrepreneur Kwapeng will be involved in the remuneration of the factors of production. State the remuneration of each factor (5\
1.4Kwapeng purchases stock from Makro in Johannesburg. He gets a cash discount of 6,5% on his account if he pays within seven days. The amount on the invoice of his purchase totals R25 000. Calculate the cash amount payable if he pays within three days.
1.5Kwapeng's assistant earns R250 per week alculate the amount of money the assistant earns per month. (2\ 4090294
1.6The price of petrol for trans porting stock increased from R3, 72 to R4,02 per litre. Calculate the percentage increase on the price of petrol. (2\
1.7Kwapeng's Cafe is registered as a close corporation. State at least FIVE advantages of this form of ownership. (5\
1.8Kwapeng has 10 male and 15 female employees. Which percentage of the staff comprises female workers? (3\ [25] AND/O25
Q2— Section header —
2.1Explain the importance of a business plan in a business. (5\
2.2Kwapeng is providing service to his customers. Explain THREE unique qualities of services. (3\
2.3List THREE types of securities Kwapeng can offer in order to obtain a loan from the bank. (3\
2.4Businesses are exposed to numerous risks. State FOUR types of insurable risks encountered in the business world. (4\
2.5Name FOUR types of short term capital that Kwapeng can use. (4\
2.6Decrease R125,50 by 15%. (2\
2.7Name FOUR ways in which Kwapeng may try to improve his creative thinking and intuition. (4\ [25] AND /OR25
Q3— Section header —
3.1Give TWO reasons why Kwapeng started his business. (2\
3.2Kwapeng invested R10 200,00 at a bank at 10% interest per annum for two years. Calculate the final amount at the end of the two years. Formula: I =
3.3Explain each of the following abbreviations:
3.3.1BCEA
3.3.2SARS
3.3.3
3.4Kwapeng wants to advertise his business in the national newspaper. Design an advertisement for his business taking the AIDA formula into consideration. (5\
3.5Discuss briefly FOUR advantages of efficient stock management Kwapeng should consider which will have an influence on the profit of his business. (4\
3.6Kwapeng is looking forward to opening another spaza shop in Pretoria. State at least SEVEN factors that will influence the location of his business (7\ [25] AND/OR25
Q4— Section header —
4.1What will be the basic content of Kwapeng's financial plan? (6\
4.2Draw up a questionnaire with THREE questions that Kwapeng can use to find out what his customers like about his business. (6\
4.3As an entrepreneur Kwapeng is working hard to improve the economic situation in the country. State THREE advantages or benefits that he will receive. (3\
4.4Give a full description of Kwapeng's target market. HINT: refer to age, education, income, gender, location\ (10\ [25] AND/OR25
Q5— Section header —
5.1What is the standard rate of Value Added Tax? (1\
5.2Complete the personal resource analysis for Kwapeng. (3\
5.3Kwapeng is an example of a successful entrepreneur. Describe any FIVE characteristics of a successful entrepreneur. (5\ 4090294
5.4
5.5The consumer has many needs. Name the FIVE basic categories to classify needs. (5\
5.6Explain FIVE reasons why the effective packaging of Kwapeng's products is important. (5\ [25] TOTAL: 10025