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Grade 10 Business Studies Paper 1 Guide

This document is a Grade 10 Business Studies examination paper for June 2024, consisting of three sections covering various topics. Section A is compulsory with objective-type questions, Section B allows students to choose two questions from three, and Section C requires an essay from one of two options. The total marks for the exam are 100, with a time allocation of 1 hour and 30 minutes.

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328 views11 pages

Grade 10 Business Studies Paper 1 Guide

This document is a Grade 10 Business Studies examination paper for June 2024, consisting of three sections covering various topics. Section A is compulsory with objective-type questions, Section B allows students to choose two questions from three, and Section C requires an essay from one of two options. The total marks for the exam are 100, with a time allocation of 1 hour and 30 minutes.

Uploaded by

Thato Johny
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

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GRADE 10

BUSINESS STUDIES

CLUSTER PAPER 1

JUNE EXAMINATION 2024

PAPER 1

MARKS: 100

TIME: 1 HOUR 30 MINUTES

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Business Studies paper 1 GDE Grade 10 JUNE

This paper consists of 10 pages

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Business Studies paper 1 GDE Grade 10 JUNE

INSTRUCTIONS AND INFORMATION


Read the following instructions carefully before answering the questions.
1. This question paper consists of THREE sections and covers TWO main topics.

SECTION COMPULSORY
A:
SECTION Consists of THREE questions.
B: Answer any TWO of the three questions in this section.
SECTION Consists of TWO questions.
C: Answer any ONE of the two questions in this section.
2. Read the instructions for each question carefully and take particular note of what is required.
Note that ONLY the first TWO questions in SECTION B and the FIRST question in
SECTION C will be marked.
3. Number the answers correctly according to the numbering system used in this question
paper. No marks will be awarded for answers that are numbered incorrectly.
4. Except where other instructions are given, answers must be written in full sentences.
5. Use the mark allocation and nature of each question to determine the length and depth of an
answer.
6. Use the table below as guide for mark and time allocation when answering each question.

SECTION QUESTION MARKS TIME


A: Objective-type questions
1 20 10 minutes
COMPULSORY

B: THREE direct/indirect- type 2 20 25 minutes


questions 3 20 25 minutes
CHOICE (Answer any 4 20 25 minutes
TWO.)

C: TWO essay-type questions 5 40 30 minutes


CHOICE (Answer any 6 40 30 minutes
ONE.)

TOTAL 100 90 minutes

7. Begin the answer to EACH question on a NEW page, for example


QUESTION 1 – new page, QUESTION 2 – new page, et cetera.
8. You may use a non-programmable calculator.

9. Write neatly and legibly.

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Business Studies paper 1 GDE Grade 10 JUNE

SECTION A (COMPULSORY)

QUESTION 1

1.1 Various options are provided as possible answers to the following questions. Choose
the answer and write only the letter (A–D) next to the question number (1.1.1–1.1.10)
in the ANSWER BOOK, for example 1.1.11E.

1.1.1 Businesses cannot control but influence the…environment

A political
B macro
C market
D micro

1.1.2 The …of Jonny Manufactures gives a clear direction on how they intend to
achieve their vision.

A objective
B Mission statement
C vision
D goal

1.1.3 Thabo Trading purchased goods on…at Happy Wholesaler as payment will
be made at a later stage.

A cash
B cash with order
C installments
D credit

1.1.4 The…function is responsible for selecting suitable employees to fill


vacant post.

A human resource
B production
C public relations
D purchasing

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Business Studies paper 1 GDE Grade 10 JUNE

1.1.5 The main aim of this sector is to make a profit.

A Public
B Private
C Informal
D Public & private
2×5 (10)

1.2 Complete the following statements by using the word(s) in the list below. Write only the
word(s) next to the question number (1.2.1–1.2.5) in the ANSWER BOOK.

micro; opportunity; National Credit; threat; Ombudsman; Consumer Protection;


capital; profit; labour court, macro

1.2.1 The ... Act deals with marketing and ensures that all products be clearly marked
with the correct price.

1.2.2 Andries Consulting requires… to start a business.

1.2.3 Businesses have no control over the…environment.

1.2.4 Samu Trading identified an/a…when they bought additional stock due to high
demand of their products.

1.2.5 The…investigates a violation of consumer rights by businesses.

(10)

TOTAL SECTION A [20]

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Business Studies paper 1 GDE Grade 10 JUNE

SECTION B
Answer ANY TWO questions in this section
NOTE: Clearly indicate the QUESTION NUMBER of each question that you choose. The answer
to EACH question must start on a NEW page, for example QUESTION 2 on a new page,
QUESTION 3 on a NEW page, et cetera.

QUESTION 2: BUSINESS ENVIRONMENTS


2.1 Name any TWO components of the macro environment. (2)
2.2 Identify the components of the micro environment represented in EACH of the
statements below:
2.2.1 The way in which the business interacts with its employees and how (2)
employees interact with each other.

2.2.2 Rendani is responsible for the allocation of resources and ensuring that (2)
these resources are used effectively.
2.2.3 Andries Manufactures uses different advertisement methods to promote
their products. (2)
2.3 Read the scenario below and answer the question that follow:

XHOKO EVENTS (XE )

Xhoko Events is well known of rendering quality services to their customers. The
management of XE has established many outlets due to the increase in the
demand for their services. Many businesses have entered this market and they
charge lower prices for their services. Increase in inflation forced XE to increase
their prices.

2.3.1 Quote TWO challenges that are posed by competition in the scenario (2)
above.

2.4 Discuss the importance of the financial function. (6)

2.5 Advise businesses on the differences between the formal and informal sectors. (4)

[20]

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Business Studies paper 1 GDE Grade 10 JUNE

QUESTION 3: BUSINESS OPERATIONS

3.1 Identify the levels of management that are represented by EACH statement below:

3.1.1 Langalethu is responsible for supervising the work of his employees. (2)

3.1.2 Zane is responsible for managing the marketing department. (2)

3.2 Explain any TWO basic management tasks. (6)

3.3 Read the scenario below and answer the question that follow:

VUYISWA TRADING ENTERPRISE (VTE)


Vuyiswa Trading Enterprise allows customers to buy their products on credit. The
management of VTE does not discriminate against customers. They also ensure
that all contracts are written in plain and understandable language. All customers
have a right to return faulty goods to the shop.

3.3.1 Quote TWO consumer rights according to the National Credit Act from the (2)
scenario above.

3.3.2 Evaluate the impact of the National Credit Act on businesses. (4)

3.4 Advise businesses on the differences between own and borrowed capital. (4)

[20]

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Business Studies paper 1 GDE Grade 10 JUNE

QUESTION 4: MISCELLANEOUS TOPICS

BUSINESS ENVIRONMENTS

4.1 Name TWO business sectors. (2)

4.2 Read the scenario below and answer the questions that follow:

GARRY MANUFACTURES (GM)

Garry Manufactures specialises in the manufacturing of summer clothes. The


management of GM buys raw materials from Tefo Dealers. They also make use of
Craig Distributors to transport their products to consumers.

4.2.1 Identify any TWO elements of the market environment in the scenario
above. Motivate your answer by quoting from the scenario. (6)

Use the table below as the GUIDE to answer this question

MARKET ENVIRONMENT MOTIVATION


ELEMENTS

4.2.2 Name TWO examples of civil society as part of the elements of the market (2)
environment.

BUSINESS OPERATIONS

4.3 Identify the type of organisational structures that are represented by EACH
statement below:

4.3.1 Faroza Trading has employed one main manager who is responsible for (2)
departmental managers.

4.3.2 Ishaak Constructions requested employees from different departments to (2)


form a team to do a task for a specific period.

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Business Studies paper 1 GDE Grade 10 JUNE

4.4 Name TWO sources of finance. (2)

4.5 Explain the difference between fixed and working capital. (4)

[20]
TOTAL SECTION B [40]

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SECTION C
Answer ANY ONE question in this section

NOTE: Clearly indicate the QUESTION NUMBER of each question that you choose.
EACH question must start on a NEW page, e.g. QUESTION 5 on a NEW page,
QUESTION 6 on a NEW page, etc.

QUESTION 5: BUSINESS ENVIRONMENTS

The success of a business is influenced by clear a vision and mission statements. Businesses
must be able to identify the components of the micro-environment. They should also ensure
that their organisational culture enables businesses to achieve objectives. Businesses must
know the inter-relationship between the micro, market and macro environments.

Write an essay on the business environment in which you include the following aspects:
 Elaborate on the meaning of the micro-environment.
 Describe the following components of the micro-environment
o Mission statement
o Objectives
o Vision
 Discuss the purpose of the organisational culture
 Advise businesses on the relationship between the micro, market and macro environments.

QUESTION 6: BUSINESS OPERATIONS (BUSINESS FUNCTIONS )

Businesses realize the importance of quality in measuring excellence and


achieving their objectives. Quality can only be achieved if all business functions
play their role in maintaining quality standards in their respective departments.
Some businesses maintain that the public relations function plays an important
role in creating a good image of the business to the public.

Write an essay on the following aspects:


 Outline the differences between quality control and quality assurance.
 Explain FOUR methods of carrying out public relations.
 Discuss the correlation between management and success of the business in
achieving its objectives.
 Advise businesses on the quality indicators of the following business functions:
o Administration function
o General Management
(40)
TOTAL SECTION C: [40]
GRAND TOTAL: [100]

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Business Studies paper 1 GDE Grade 10 JUNE

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Common questions

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The micro environment includes internal factors like company culture impacting decision-making. The market environment consists of external agents like competitors and consumers shaping demand. The macro environment encompasses broader forces like economic conditions influencing overall strategic choices. Effective strategy involves aligning internal strengths to market opportunities within macro trends for sustainable competitiveness .

Managing with own capital involves using internally generated funds, enhancing control and reducing external liabilities, but may limit growth. Borrowed capital allows for growth through leveraging but increases external obligations and financial risk due to interest obligations and debt covenants, balancing growth potential against financial stability .

The financial function is crucial as it involves planning, obtaining, and utilizing funds effectively to enable a business's operations and growth. Its implications extend to maintaining liquidity, ensuring profitability, and achieving strategic objectives, thereby supporting overall business sustainability .

In the scenario of Xhoko Events, competition poses challenges by increasing the number of market entrants, driving down prices, and necessitating price increases due to inflation. These factors challenge Xhoko Events to maintain competitiveness while keeping up with market changes .

The success of a business is influenced by clear vision and mission statements, the ability to identify components of the micro-environment, and ensuring an organizational culture that enables achieving objectives. Additionally, businesses must understand the inter-relationship between the micro, market, and macro environments, which collectively form the business environment framework .

The National Credit Act impacts businesses by enforcing consumer rights such as the right to understandable credit agreements and non-discrimination. These regulations ensure fair treatment of consumers but can also increase compliance costs for businesses like Vuyiswa Trading Enterprise, which must ensure contracts are easy to understand and equitable .

Quality control involves monitoring outputs to ensure they meet set standards, focusing on defect identification post-manufacture. Quality assurance is proactive, emphasizing processes to preclude defects, ensuring consistency. This distinction affects business operations by shaping organizational focus on preventive measures versus corrective actions, deeply influencing product reliability and reputation .

In the scenario, Garry Manufactures demonstrates elements of suppliers and intermediaries. Suppliers are represented by Tefo Dealers who provide raw materials, and intermediaries are illustrated by Craig Distributors who transport products to consumers. These elements are crucial for bridging production with end consumers, highlighting the interconnectedness in the market environment .

The formal sector is regulated, contributing to GDP, and employs registered entities, while the informal sector operates without formal registration, often tax-free, and is adaptable. Advising businesses requires recognizing these differences to align compliance and strategies according to the sector's advantages and constraints .

Effective organizational culture aligns employee behaviors and attitudes with business objectives, fostering a cohesive environment that encourages productivity and innovation. It supports business success by providing a framework that enhances employee engagement and aligns with strategic goals, as emphasized in the need for a clear company vision and mission .

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