Charlotte, an aspiring entrepreneur, wants to start a Forex trading business. To this end, she needs to go through the entrepreneurship process. Which of the following options relate to the description of the entrepreneurship process?

a. Undertaking a process of organising and planning.

b. Identifying business opportunities.

c. Finding and combining resources. 

d. Pursuing an opportunity until it is successful. 

e. Undertaking an entrepreneurial financial and production process. 

Lindie, an aspiring entrepreneur, wants to open a factory that produces sneakers in Polokwane. She has requested your advice regarding the idea of starting her business. During your discussion, you inform her of the entrepreneurial process and the key points to consider in avoiding pitfalls and being in a better position to succeed. Which one of the following considerations in respect of the entrepreneurial process is incorrect? 

Which of the following attributes are characteristics of a free-market economy as an economic system?

a private ownership of production factors 

b free competition

c profit motive recognised

d limited right to strike in state enterprises

The primary purpose of a free-market system is .................. while satisfying the needs of the people.

Which one of the following statements is correct about Maslow’s need hierarchy?

Which one of the following statements is incorrect?

Which social force protects consumers against malpractice and unsafe products from businesses?

The economy in which Vodacom and MTN function is characterised by intense competition and rivalry. What type of economy is this?