Rainbow financial services company, which sells short-term insurance, has acquired a competitor, Siyabusa Insurance, to grow its market share. This refers to a/an________change.

Peet, as an entrepreneur, needs to be able to evaluate the relevance of his products. He also needs to understand what attracts his customers, as well as their changing needs and wants. Which one of the following entrepreneurial skills should Peet apply?

When AngloGold sponsors the local schools’ girls’ soccer outfits, this refers to   ______.

Which one of the following statements does NOT form part of the three sub-environments of the business environment?

To remain competitive, Shoprite management uses the _____technique to conduct environmental scanning. This technique helps the organisation to learn about the latest trends in the industry and take the necessary steps to exploit the opportunity or reduce the possible impact of the threat. 

Deon Smith is the owner-manager of one of the biggest fashion stores in Pretoria. The store has 20 staff members. These staff members report to three supervisors, who, in turn, report to Deon. This describes  ____________________.

The ____________________ suggests that each person within an organisation must have a clear reporting relationship with only one supervisor, whereas the ____________________ suggests that there must be a clear and unbroken line of authority that extends from the lowest to the highest position in the organisation.

If Hungry Lion were to take over its suppliers of chickens to ensure a better quality of supply. This long-term strategy would be known as _____________________.

Which one of the following functional areas of management is responsible for transforming the organisation’s resources into the final goods and services that are sold to customers?