GDE GRADE 10 ESSAY QUESTIONS BUSINESS STUDIES

BUSINESS STUDIES
GRADE 10
TERM 1
ESSAY QUESTIONS

This essay questions consists of 3 pages

 GDE GRADE 10 ESSAY QUESTIONS BUSINESS STUDIES

QUESTION 1
FINANCIAL AND PURCHASING FUNCTIONS

Businesses realise the importance of the financial and purchasing functions in ensuring a
smooth running of their operations. Some businesses argue that the financial function is
the most important function as they need to finance the business through owned or
borrowed capita. While others maintain that the purchasing function is also important as
quality materials must be purchased. This function also allows businesses to sell on
credit.

Write as essay on the financial and purchasing functions in which you include the following
aspects:
o Outline the purpose of the financial function
o Differentiate between owned and borrowed capital
o Discuss any FOUR steps of the purchasing procedure
o Evaluate the impact of credit purchasing on businesses. [40]

QUESTION 2
QUALITY CONCEPTS

Quality products enables businesses to strive for continuous growth and customer
satisfaction. The effective implementation of quality control and quality assurance will
enable businesses to keep increase profits and customers. All business functions plays
an important role in ensuring that quality products are produced and quality services are
rendered.

Write as essay on quality in which you include the following aspects:

 Elaborate on the meaning of quality

 Explain the importance of quality for businesses
 Distinguish between quality control and quality assurance
 Suggest quality indicators of the following business functions:
o Production
o Marketing
o Human resources [40]
GDE GRADE 10 ESSAY QUESTIONS BUSINESS STUDIES

QUESTION 3
MARKET ENVIRONMENT

Businesses realise the importance of the market environment in achieving their goals and
objectives. The need to know the features of this environment so that they are able to
influence them. The market environment also present opportunities and threats for
businesses.

Write as essay on the market environment in which you include the following aspects:

 Elaborate on the meaning of the market environment

 Explain the components of the following market environment:
o Suppliers
o Consumers
o Competitors
o Intermediaries
 Discuss the role of Community Based Organisations in the community.
 Advise businesses on the meaning of opportunities and threats and give examples of
each. [40]

QUESTION 4
MACRO ENVIRONMENT

The macro-environment has a negative impact on businesses environments. This

environment affects the micro and market environments. Businesses need to identify the
challenges that are posed by each feature of the macro environment. Businesses must
also be aware that the business environments are interrelated

Write an essay on the macro environment in which you include the following aspects

 Elaborate on the meaning of macro environment.

 Explain the following challenges of the features of the macro environment pose a
challenge to businesses.
o Physical/Natural environment
o Economic environment
o Social, cultural and demographic environment
o Technological environment
 Recommend ONE strategy that businesses can use to deal with the challenges that are
posed by EACH feature of the macro-environment discussed above.
 Advise businesses on the inter-relationship between the micro and market environments.
[40]