Gr 11 Business Studies

1. What is the main focus of today’s lesson in Business Studies?

2. Which of the following is NOT considered a challenge in the macro environment?

3. What does micro-lending refer to?

4. How does globalization impact local businesses?

5. Which of the following is NOT a socio-economic issue mentioned in the script?

Businesses have full control over the macro environment.

The National Credit Act aims to protect consumers from over-indebtedness.

The Employment Equity Act ensures that businesses can discriminate against certain demographics.

9. Micro-lending is regulated by the National Credit Regulator.

10. Socio-economic issues such as poverty and unemployment can
make running a successful business difficult.