A ______________ strives to achieve certain economic advantages for their members through joint action on behalf of members. This business is managed democratically by the members and specific values must be maintained for it to subsist.

Dominique started a small business that produces woollen products, such as jerseys, scarves and socks, in Bloemfontein in the Free State. She needs to be able to position her business holistically and know where it fits in the marketplace. Which skills does Dominique need?

The Fourth Industrial Revolution (4IR) has fundamentally changed how we relate, work and live at various levels. It brings a speed of change and disruption at an unprecedented rate, with new inventions transforming industries at a pace we cannot avoid. Which one of the following statements is not correct about the 4IR?

Which of the following statements does not represent a benefit of buying an existing business?

There are several economic systems in the world. The country of Utopia allows and encourages all members of the community to possess houses and to earn profits on them by renting the houses out to overseas tourists. Clothing and food are allocated based on free-market demand and are not controlled by the government. All residents of Utopia are allowed to choose which careers they want to follow. Which economic system does Utopia use?

Which management function is responsible for maintaining, implementing and controlling technology in an organisation?