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Copyright reservedPlease turn overNATIONAL CERTIFICATE ENTREPRENEURSHIP AND BUSINESS MANAGEMENT N4 (First Paper) 15 NOVEMBER 2019 Downloaded fromThis marking guideline consists of 3 pages. MARKING GUIDELINE
MARKING GUIDELINE-2- ENTREPRENEURSHIP AND BUSINESS MANAGEMENT N4 (First Paper) Copyright reservedPlease turn overSECTION A QUESTION 1 plan 1.1.2Brainstorming 1.1.3Forced connections 1.1.4Trademark 1.1.5Family packaging 1.1.6Leader pricing 1.1.7Sales promotion 1.1.8Private company 1.1.9Income statement 1.1.10Cession 1.1.11Cash flow statement (11 × 2)(22) point at which the business is not making a profit or a loss 1.2.2A group of people who share common characteristics/people with similar needs 1.2.3The capital of a business that is used in its day-to-day operations to pay expenses and trading stock, calculated as the current assets
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Unformatted text preview:minus current liabilities 1.2.4 A reduction in value of an asset over time due to wear and tear 1.2.5 Assets purchased for long-term use to enable the owner to carry on with business operations 1.2.6 Costs that do not change with an increase or decrease in the amount of goods or services produced or sold 1.2.7 The money you borrow to run your business (7 × 2) (14) 1.3 1.3.1 The development of natural resources 1.3.2 The creation of employment opportunities 1.3.3 An increase in production 1.3.4 A free-market system is dependent on the entrepreneur. 1.3.5 Tax payment (5 × 2) (10) MARKING GUIDELINE -3- ENTREPRENEURSHIP AND BUSINESS MANAGEMENT N4 (First Paper) Copyright reserved 1.4 1.4.1 To identify business opportunities 1.4.2 To obtain updated information (Any 2 × 2) (4) [50]TOTAL SECTION A: 50