Grade 10 Business Opportunities and Related Factors

Introduction

Good day, learners please kindly find our lesson for today, Business Opportunities and Related Factors.

What is a Business Opportunity?

A Business opportunity can be described as an economic idea that can be implemented to create a business enterprise and earn profits.

Please watch the following video for further explanation. 

 

Task

At the end of this lesson you should be able to answer the following questions:

  • Analyze the challenges of the macro-environment using PESTLE analysis.
  • Outline the components of a business plan.
  • Explain the purpose of the executive summary
  • Outline aspects that must be included in the executive summary.
  • Formulate the vision/mission statements and goals of the envisaged business.
  • Explain the relationship between the structure of the business and forms of ownership.
  • Outline/Mention different types of legal requirements of a business.
  • Compile a SWOT analysis for the envisaged business.
  • Explain the importance of a marketing plan and market research.
  • Explain the meaning of a marketing mix with specific reference to the 7p’s.
  • Identify competitors from doing a market research
  • Explain the strategies that you will use to overcome competition in the market.

Learners you are required to complete the following task, the task weighs 20 marks. Please 

Task;

Question 1 True or False

1. A Business opportunity can be described as an economic idea that can be implemented to create a business enterprise and earn profits. (2)

2. It is not important to consider the market for the product. (2)

Question 2 

1. Discuss FOUR interviews methods that can be used to research information. (8)

2. Discuss THREE business research skills. (6)

3. Advise businesses on the importance of conducting market research. (6)

Process

These slides will help you to understand more about the topic.

https://www.slideshare.net/YashikaParekh/business-opportunity-and-selec…

 

Evaluation

Mark Allocation

 

 

Question 1

 

 

True or False = 4 Marks

 

Question 2

 

 

Short questions = 20 Marks

Conclusion

Make sure you read all of the information provided to you in order to gain a better understanding of the subject. Prepare yourself for unexpected tests and spot tests.

Credits

Credits

Slide share provided by:

www.slideshare.net

www.youtube.com

 

Teacher Page

For any further information regarding the topic do not hesitate to contact me.

Numbers: 0833176758

Email: Kidwel101@gmail.com