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    NOTES BS Unit 3,4 & 5 GRADE 8

    Uploaded by

    Kim Bora

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    NOTES BS Unit 3,4 & 5 GRADE 8

    Uploaded by

    Kim Bora
    5 views9 pages

    Original Title

    NOTES BS unit 3,4 & 5 GRADE 8

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views9 pages

    NOTES BS Unit 3,4 & 5 GRADE 8

    Uploaded by

    Kim Bora

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    Unit 3 : Enterprise, Business growth & size

    Activity 3.4

    Activity 3.5 & 3.6

    Activity 3.7
    Data Response – Exam Style Question Page 34
    Data Response 1

    Eval of Qe.: I recommend that every new business should have a


    plan in place as it gives a clear objective of setting up a business
    also when without a detailed plan any financial institution will be
    reluctant to lend money as this can give an impression to the
    lenders that the entrepreneur has not thought about the challenges
    they can meet.
    Data Response 1

    Eval of Qe.: I recommend the business should go for a takeover as


    the manufacturer of phones will be updated with new technology
    and continue to work on the new models with the telecom services
    plans can be updated accordingly and the profit margin of the
    manufacturer is also absorbed by the expanded business.
    Unit 4 : Types of Business Organisation
    Activity 4.1

    Activity 4.2

    Activity 4.3

    Activity 4.4
    Data Response – Exam Style Question Page 50
    Data Response 1

    Eval of Qe.: I do not recommend selling franchises for this business


    as Jameel is a sole trader and has just decided to open his own
    business. Entrepreneurs should only go down the franchise route if
    they already have a successful business up and running. Poor
    management of one franchised outlet could lead to a bad
    reputation for the whole business. Additionally, training and
    support – entrepreneur will have to develop and deliver a suite of
    training and support for your franchisees to successfully sell your
    brand which involves both time and money.
    Data Response 2

    Eval of Qe.: I recommend for the business to go ahead with the


    private limited company as it will inject more capital by selling
    shares to their family and friends and if the company fails with
    debts owing to creditors the shareholders could not be forced to
    sell their possessions to pay the debts, they will only lose their
    original investment in the shares. A & N can keep control as long as
    they do not sell too many shares to other people.
    Unit 5: Business objectives and stakeholder objectives
    Activity 5.1

    Activity 5.2

    Activity 5.3
    Data Response – Exam Style Question Page 60
    Data Response 1

    Eval of Qe.: Setting business objective is highly recommended as


    entrepreneurs are risk-takers and share of profits is important and
    they gain a rate of return on the money put into the business and
    also assess growth of the business so that the value of their
    investment increases.
    Data Response 2

    Eval of Qe.: Not only shareholders are the most important


    stakeholder but also the whole community is as important as other
    stakeholders and the government too. The coal and gold mining
    business is harming the rivers by throwing the waste it is harming
    the locals health and it is advisable for the business to have proper
    waste management system in place and as per legal law business
    owns responsibility towards the environment stay within the law of
    not harming the environment.

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