Summary Gr 10 Business Studies Term 1 2026 summarised by Juffrou Ansie

1



BUSINESS STUDIES
GRADE 10
2026
TERM 1 TEST
Test 2023 G10 ~ Besigheidstudies © Impaq, Task 2023 G10 ~ Besigheidstudies © Impaq, Test 2020 G10 ~ Besigheidstudies © Impaq, Test 2022 G10 ~
Besigheidstudies © Impaq TERM 1_2025


These Grade 10 Business Studies notes are designed to help learners prepare thoroughly for the 2026
Term 1 test. The content is compiled from a range of Impaq assessments (Tests and Tasks from 2020–
2025) and arranged systematically according to the CAPS curriculum.

Learners are guided step by step through the Micro, Market, and Macro Environments, as well as
related topics such as Business Functions, Levels of Management, Financing, Purchasing, Public
Relations, and Human Resource Functions.

For more resources, contact Juffrou Ansie at

Good luck

Juffrou Ansie
COMPONENTS OF THE MICRO, MARKET & MACRO ENVIRONMENTS. 3
THE MICRO ENVIRONMENT 6
Eight business functions 6
Functions in the business 7
LEVELS OF MANAGEMENT 8
FINANCING 9
PURCHASING FUNCTION 11
PUBLIC RELATIONS 12
HUMAN RESOURSE FUNCTION 12
AMINISTRATIVE FUNCTION 14
THE CONCEPT OF QUALITY 14
THE MARKET ENVIRONMENT 15


@Juffrou_ Ansie

, 2


THE MACRO ENVIRONMENT 18
ECONOMIC ENVIRONMENT 18
THE SOCIAL, CULTURAL AND DEMOGRAPHIC ENVIRONMENT 18
THE TECHNOLOGICAL ENVIRONMENT 18
LEGAL AND POLITICAL ENVIRONMENT 19
THE INTERNATIONAL ENVIRONMENT 23
BUSINESS SECTORS 25
Multichoice qeustions

Tax evasion Businesses and individuals who do not declare all their income to SARS, and do
not pay the correct amount of tax.
The marketing Once the target market has been identified, the business must work out the
mix marketing mix that best satisfies the needs of the target market.

↘ Price – must establish pricing policies and set prices that will be
acceptable to consumers.

↘ Product – a physical product or service designed to satisfy consumers’
needs.

↘ Place – distributing the products to the right places to make it easily
accessible to consumers.

↘ Promotion – informing, persuading and reminding consumers about the
product

↘ People - This refers to employees, management, directors, and
shareholders./All people involved in selling the products

↘ Process - Refers to processes that are designed and implemented to
ensure a pleasant shopping experience.

↘ Physical environment - Refers to the environment where goods and
services are sold/service rendered.

BUDGET A financial plan according to which resources for specific activities are issued.
DATA • Refers to raw, unprocessed facts
• Data can be collected from other business functions within the
business.
• Data needs to be processed before it can be used as information.
• • Data can be processed manually or using technology such as
computers.
INFORMATION • Refers to processed data that gives specific knowledge to managers
to make decisions.

@Juffrou_ Ansie

, 3


• Information can be stored manually in files, boxes, shelves,
computers, etc.
• It is important to have a backup for all stored information on
computers or other electronic devices in case they are damaged.
• Most businesses use electronic devices such as memory sticks and
CDs to store information
Elements of the • Political
PESTLE analysis • Economic
• Social
• Technological
• Legal
• Environmental
CAPITAL • Determines whether an organisation’s long-term investment plans
BUDGET are worth pursuing.
• Estimates the fixed capital.
• Plans the purchasing, upgrading, and changing of the fixed assets
such as buildings, machinery, equipment, etc.
CASH BUDGET
• Determines whether income will be sufficient to cover expenses.
• Estimates the working capital.
• Assesses whether the business will be able to buy all the needs for
its operation.


COMPONENTS OF THE MICRO, MARKET & MACRO ENVIRONMENTS.




@Juffrou_ Ansie