Term 3 Business Studies Grade 11 Notes pdf Download
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Term 3 Business Studies Grade 11 Notes pdf Download per Topics
Here are the topics and corresponding subtopics for Term 3 of the Grade 11 Business Studies curriculum that students should focus on:
Assessing Entrepreneurial Qualities in Business Notes
Assessing Entrepreneurial Qualities in Business:
- Understanding the importance of entrepreneurial qualities in businesses.
- Evaluating businesses based on their entrepreneurial qualities like risk-taking, perseverance, and efficient management.
- Critical analysis of a business venture to identify success factors and areas requiring improvement.
- Uncovering the attributes that contribute to the success of a business, such as sustainability, profitability, customer base, and more.
- Pinpointing potential areas of improvement to enhance the business’s performance.
Transforming a Business Plan into an Action Plan Notes
Transforming a Business Plan into an Action Plan:
- Comprehending the process of converting a business plan into a detailed action plan, individually or in a team setting.
- Utilizing planning tools like Gantt charts or work breakdown structure (WBS) to structure timelines and assign responsibilities.
Starting a Business Venture Based on an Action Plan Notes
Starting a Business Venture Based on an Action Plan:
- Understanding the steps to initiate and set up business ventures for income generation, drawing from a well-defined action plan.
- Gaining knowledge on acquiring funding for the venture, which might include equity capital, loans, debt, and other potential sources of capital.
Presentation of Business Information Notes
Presentation of Business Information:
- Learning to present business-related information accurately and succinctly in both verbal and non-verbal formats, including tables, graphs, and diagrams.
- Mastering the design and layout of the presentation using different visual aids.
- Developing skills in writing reports, business plans, business information, and analysis.
- Training on how to respond professionally and non-aggressively to questions and feedback on work and presentations.
Understanding Team Stages, Dynamics Theories, and Conflict Management Notes
Understanding Team Stages, Dynamics Theories, and Conflict Management:
- Grasping the stages of team development: Forming, Storming, Norming, and Performing.
- Delving into conflict management, including the definition of conflict, common causes of conflict in businesses, and understanding conflict management.
- Cultivating conflict management skills to resolve differences in various business situations.
- Reviewing and reinforcing previously learned concepts to strengthen understanding and retention.
- Gaining insights into how to maintain control over various aspects of a business.
- Preparing for the Controlled Test 3 by understanding key concepts, honing skills, and internalizing essential business values.
By focusing on these areas, students can deepen their understanding of business concepts, improve their entrepreneurial thinking, and hone their problem-solving skills.
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GDE/BUSINESS STUDIES TERM 3: GRADE 11 NOTES POSTCOVID 2020
BUSINESS STUDIES
STARTING A BUSINESS VENTURE ON AN ACTION PLAN
TABLE OF CONTENTS
Exam guidelines for starting a business
venture on an action plan
Terms and definitions 2
Aspects that must be considered when
initiating a business.
Factors that must be considered before startup
Reasons why businesses need funding 5
Sources of funding 5-6
Factors that influence the choice of funding 6-7
This chapter consists of 7 pages
CONTENT DETAILS FOR TEACHING, LEARNING AND ASSESSMENT PURPOSES
Learners must be able to:
Outline/Mention/Explain/Discuss aspects that must be considered when initiating a business
o Operations
o Productivity
o Size of a business etc.
Outline/Mention/Explain/Discuss factors that must be considered before start-up e.g.:
o Culture of the organisation
o Environmental changes
o customer services
o Business growth
o Cost saving etc.
Analyse the above-mentioned factors from scenarios/case studies and make recommendations
for improvement.
Explain/Discuss reasons why businesses need funding.
Outline/Mention/Explain sources of funding.
Explain/Discuss/Describe factors that influence the choice of funding e.g. nature of finance,
amount of capital needed, risk, cost of finance etc.
TERMS AND DEFINITIONS
DEFINITIONS
Mortgaged bond
Venture capitalists
Equity Capital
Bank overdraft
Trade credit
Angel funding
Micro lenders
Plans created by the entrepreneur that is spelt out in the business plan
and enforced in the action plan
The asset that is pledged to the bank in case of a default in the
repayment of a loan.
Money paid as a percentage for the use of borrowed money.
A debt instrument issued for a period of more than one year with the
purpose of raising capital from borrowing.
Cash or tax relief to encourage investment in economic sectors
It could also be a payment to workers to encourage productivity.
Financing is given for an ownership share in the business at its start-up.
thee the purpose of raisi
The total amount of money and assets invested in a business by the
owner that comes from own sources.
Money given by government or an NGO for a specific purpose e.g
funding small businesses.
A customer withdraws more than the money that is available in the bank
Time, usually between one and three months which a business has
before it has to settle the debt.
These are wealthy business people who want to invest in promising
small business in return for a profit share in the business.
Businesses that offer small loans to people at high interest rates without
collateral.
1 Aspects that must be considered when initiating a business
1.1 Strategy
A strategy is a plan of action that must be carried out by an entrepreneur
An action plan outlines the vision, mission, goals and objectives.
The action plan must be used to develop the systems and processes for the business
1.2 Operations
The business plan, action plan identifies the operational plan, timelines and key deliverables
Operations need to be implemented, staff employed and trained.
Resources must be acquired and managed continuously
Constant monitoring & evaluation need to be done to ensure that resources are used
effectively.
1.3 Productivity
The action plan includes budget and financial planning
Budgets need to be assessed and amended
Costs need to be decreased and output increased
to ensure productivity - costs need to be decreased & output increased
improvements need to be implemented constantly to improve profits
1.4 Size of the business
The success of a business depends on its management and staff.
The bigger the businesses the more difficult to manage
It is difficult to keep control of the quality of each of the employees, work and productivity
1.5 Culture, training, and quality of staff
It is essential to establish an organisational culture from the beginning so that staff are familiar
with what is acceptable.
Staff need appropriate training in order to achieve the desired outcomes and deliver the best
Managers should ensure that all new staff know the business dress code
1.6 Risk and change
All businesses need to take risk and amend the original action plan several times.
The introduction of new technology or new machine may influence a budget and it may be
necessary for the business plan to be adapted
Management and leadership teams must be flexible to adapt to changes in the market and/or
macro environment.
1.7 Customer service
A successful business gives customers what they want.
Businesses need to change their market plan/adjust their products and prices to ensure
sales increase.
They also need to establish a good relationship with their customers.
1.8 Market research
Businesses should conduct ongoing market research to identify profitable markets for their
Many businesses benefit from conducting market research in local/familiar markets.
1.9 Business cycles
Businesses obtain profit and experience losses.
Changes in market & macro environment can either have a positive or negative impact on
business operations.
Businesses should constantly make adjustments to reduce costs where possible.
Reducing cost increases profitability.
2 Factors that must be considered before start-up
2.1 Culture of the organisation
Establish an organisational culture so that the staff is familiar with what is acceptable.
Ensure that a code of conduct is in place and enforce it from the start
The staff must know the dress code and the code of conduct of the business from the start.
Provided ongoing training to ensure that the staff remain skilled and able.
2.2 Environmental changes
Continue to network and research to avoid changes in the business environment which may
upset the business operations.
Consider the risk and success factors
Plan for risks and minimise the impact
2.3 Customer service
Make an effort to satisfy the needs of customers.
Change the action plan accordingly to accommodate the needs of customers
Establish a good relationship with customers.
2.4 Business Growth
Managed and backed up growth by using a solid strategy.
The success of a business is often dependent on its management and staff.
Devise a suitable strategy to manage and control a larger group of employees.
Keep control of the quality of each employee.
2.5 Cost saving
Cut cost by controlling unnecessary expenditures
2.6 Risk and change
Management and leadership teams must be flexible to adapt to changes in the market.
The original action plan may need to be changed and amended several times.
The introduction of new technology may influence a budget.
2.7 Other factors that must be considered before starting a business.
Planning and minimising the environmental impact on the business.
Action plan to satisfy the needs of customers.
The sources of raw materials/suppliers.
The sources of funding that the business would use.
The forms of ownership that will be used by the business.
The registration of the business.
The location/business premises to be used.
3 Acquiring funding
3.1 Reasons why businesses need funding.
Businesses require funding to:
Cover the start-up costs including g premises/machinery/raw materials etc.
Run the business and have enough money to pay employees/suppliers of raw material etc.
Pay for cost of input such as wages, telephone other expenses
Expand the business as the orders/sales increase and bigger premises need to be
established.
3.2 Sources of funding
3.2.1 Equity Capital
Equity capital is the total amount of money and assets invested in a business by the owner
that comes from own sources
Capital that is contributed by the owner is referred to as the owner’s interest.
Owner’s equity increases when the owner puts in additional funds to expand the business.
The benefits of putting own capital into the business is that it encourages a commitment from
3.2.2 Issuing of shares
New companies can issue shares to obtain capital.
Shareholders receive a share certificate as proof of ownership
The Memorandum of Incorporation and prospectus list the details of the shares that are
offered for sale
Ordinary shares are the most type of share offered by companies to shareholders
All shareholders receive a portion of the profits called a dividend.
3.2.3 Debt Capital
Many businesses need to borrow funds.
The business plan will indicate how much a debt capital is crucial for business funding.
The following sources of finance are available to the entrepreneur:
o The business can borrow money from the bank.
o The amount will be specified for a set period.
o Interest is payable on the loan.
o The period can be fixed for the time of the loan or variable in line with the current
interest rate.
Trade Credit
o This is the time which a business has before it has to settle a debt.
o Suppliers usually allow a small business a period between buying materials and
paying for them.
o This is when a bank allows a business to draw more than what is deposited in the
bank account.
o The bank decides on the maximum amount to be drawn known as the overdraft limit
o The business pays interest on the amount of money they withdraw and for the
period they have overdrawn.
3.2.3 Leasing and hire purchase
Businesses can lease certain assets from suppliers.
Assets such as machinery/vehicles/computer systems can be leased.
A fixed amount of money is paid monthly for the use of the asset
The lease agreement can be renewed when the asset is returned/replaces.
3.2.4 Grants
Grants are funds that are received from government departments/local development
agencies and other organisations that support small business developments.
The business can qualify for government support to help get started.
The main advantage of grants is that it is cheap financing.
3.2.5 Venture capital
Financing is given in exchange for a share in the business at its start up.
Some venture capitalists also request a position in management or on the board.
3.2.6 Angel funding
These are often wealthy entrepreneurs who offer financing in exchange for a share in the
This carries a high risk for the investor.
4 Factors that influence the choice of funding
4.1 Nature of finance
This depends the owners if he/she wants to use own or borrowed capital as well as short- or
long-term loan.
4.2 Amount of capital needed
Business owners usually use their own capital if a small amount is needed.
The larger the amount of capital that is needed the owners will have to look at borrowed
capital as well
Providers of own capital are usually willing to accept greater risks than providers of borrowed
Interest on loan is legally compulsory and may lead to the liquidation of a business in bad
economic circumstances
4.4 Cost of finance
Businesses will generally choose the funding with lower costs/interest
The income earned on borrowed capital must exceed its cost otherwise it will be to the
disadvantages of the holders of own capital.
Borrowed capital may be cheaper because the holders of own capital require a higher
income owing to the higher risk
4.5 Period of financing
If needed for a long period might rather use own capital because borrowed would be too
expensive over a long period.
4.6 Availability
If more own capital is not available, the business might be forced to use borrowed or other
way around.
4.7 Tax considerations
Interest on borrowed capital is tax deductible. Dividends on own capital are not deductible.
- Recommendations
GDE/BUSINESS STUDIES TERM 3: GRADE 11 NOTES POSTCOVID 2020BUSINESS STUDIESGRADE 11TERM 3CHAPTER 16STARTING A BUSINESS VENTURE ON AN ACTION PLANTABLE OF CONTENTS2020TOPICSPAGESExam guidelines for starting a business3venture on an action planTerms and definitions 2Aspects that must be considered when3-4initiating a business.Factors that must be considered before startup4-5Reasons why businesses need funding 5Sources of funding 5-6Factors that influence the choice of funding 6-7This chapter consists of 7 pages1
- Page 2 and 3: GDE/BUSINESS STUDIES TERM 3: GRADE
- Page 4 and 5: GDE/BUSINESS STUDIES TERM 3: GRADE
- Page 6 and 7: GDE/BUSINESS STUDIES TERM 3: GRADE
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T1 W5 Gr 11 Business Studies Lesson: Business Sectors
2021 FET Term 1 Week 5 Gr 11 Business Studies Lesson: Business Sectors
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Business Studies Grade 11
Business studies grade 11 latest lesson plans for all terms caps.
Business Studies Grade 11 Latest Lesson Plans for all Terms for CAPS Curriculum (Syllabus) South Africa: A National Curriculum and Assessment Policy Statement (CAPS) is a single, comprehensive, and concise policy document introduced by the Department of Basic Education for all the subjects listed in the National Curriculum Statement for Grades R – 12. CAPS gives detailed guidance for teachers on what they should teach and how to assess.
On this page you will find Business Studies Grade 11 Lesson Plans for all Terms for Term 1, Term 2, Term 3, and Term 4.
- 1 Available Lesson Plans for all Terms Business Studies Grade 11
- 2 More Education Resources
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Available Lesson Plans for all Terms Business Studies Grade 11
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Hello Grade 11 Learners. My Courses has many study resources for you needed to pass your exams, tests, assessments, research tasks, and assignments under CAPS South African Subjects Curriculum . Feel free to explore all resources for grade 11, such as Study Guides , Past Exam Question Papers with Answers , and Essay Speech Topics . My Courses
Why passing Grade 11 is very important
Grade 11 fully prepares you for Grade 12 level of exams and assessments. You might as well regard Grade 11 as your final trial run for Matric level. Most of the classwork covered in the grade 11 syllabus will prepare you for Matric anyway. Passing your Grade 11 with flying colours, is usually a sign that you will ace your Matric and make your uncles and cousins proud.
What can you do with your Grade 11 marks in South Africa?
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Business Studies Grade 11 Latest Assignment and Memos for CAPS Curriculum (Syllabus) South Africa: A National Curriculum and Assessment Policy Statement (CAPS) is a single, comprehensive, and concise policy document introduced by the Department of Basic Education for all the subjects listed in the National Curriculum Statement for Grades R – 12. CAPS gives detailed guidance for teachers on what they should teach and how to assess.
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GDE BUSINESS STUDIES GRADE 11 NOTES CHAPTER 7 6 Explore the driving forces and the best way of advancing them Choose the force with the highest score as the solution. If the project is viable, find ways to increase the forces for change. Identify priorities and develop an action plan.
Preparing for the Controlled Test 3 by understanding key concepts, honing skills, and internalizing essential business values. By focusing on these areas, students can deepen their understanding of business concepts, improve their entrepreneurial thinking, and hone their problem-solving skills. Term 3 Business Studies Grade 11 Notes pdf Download.
Grade 11 Business Studies Term 2 (Y. Joosab) Page 2 Gantt Chart: A Gantt chart is a type of bar chart that shows start and end dates of the elements of a project. Work Breakdown Structure (WBS) can be carried out individually or in a group. Work Breakdown Structure requires 4 main steps: 1. Identify the key tasks.
BUSINESS STUDIES GRADE 11 TERM 3 CHAPTER 16 STARTING A BUSINESS VENTURE ON AN ACTION PLAN 2020 TABLE OF CONTENTS TOPICS PAGES. Exam guidelines for starting a business venture on an action plan. 3. Terms and definitions 2 Aspects that must be considered when initiating a business. 3-Factors that must be considered before start- up. 4-
Topic 15 Transformation of a business plan into an action plan Unit 15.1 Understanding the purpose of a business plan 1 week 3 233 Unit 15.2 Defining planning tool 3 238 Topic 16 Start a business venture based on an action plan Unit 16.1 Consideration for starting up a business venture 1 week 3 243 Unit 16.2 Understanding business funding 3 246
Welcome to my channelIn today's video I will be going through and discussing the topic of Transforming A Business Plan Into An Action Plan for Grade 11 in Bu...
Grade 11 Teacher's Guide Via Afrika Business Studies Via Afrika understands, values and supports your role as a teacher. You have the most important job in education, and we ... Topic 3 Transforming a business plan into an action plan 94 . Questions and answers 98 . Topic 4 Setting up or starting a business 100 . Questions and answers 104 ...
The subject Business Studies deals with the knowledge, skills, attitudes and values critical for informed, productive, ethical and responsible participation in the formal and informal economic sectors. The subject encompasses business principles, theory and practice that underpin the development of entrepreneurial initiatives, sustainable ...
GDE BUSINESS STUDIES GRADE 11 NOTES CHAPTER 8 8 Strategies business can use to deal with globalisation • Adapt your approach to new operational complexities. • Businesses should be aware of changes in the related industry • Keep abreast of new technology/processes and developments that could give your business a competitive edge.
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GDE BUSINESS STUDIES GRADE 11 NOTES CHAPTER 7 6 • Explore the driving forces and the best way of advancing them • Choose the force with the highest score as the solution. • If the project is viable, find ways to increase the forces for change. • Identify priorities and develop an action plan.
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Grade 11 Business Studies Term 2 (Y. Joosab) Page 1 GRADE 11 BUSINESS STUDIES - LESSON 11 MARKETING FUNCTION continued Please read through Topic 16 (Pages 190 - 191) Please summarise the information below in your notebooks. PRODUCT POLICY In our previous lessons we already studied: 1. Importance of product policy 2. Product Development 3.
Size: 0.24MB. Share this content. 2021 FET Term 1 Week 5 Gr 11 Business Studies Lesson: Business Sectors. Language: English. Curriculum Alignment: CAPS aligned. Publication Date:
31 Mar 2021. By. In-house Expert. Business Studies Grade 11 Latest Assignment and Memos for CAPS Curriculum (Syllabus) South Africa: A National Curriculum and Assessment Policy Statement (CAPS) is a single, comprehensive, and concise policy document introduced by the Department of Basic Education for all the subjects listed in the National ...