Gr 11 Bussiness Studies
12th Grade
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Summary
Gr 11 BUSINESS STUDIES TERM 1_Summarised by @ Juffrou Ansie--Previous papers used: IMPAQ NOV 2020 & 2021 & 2022. TEST T1_ 2021 IMPAQ, TEST T1_ 2019 IMPAQ, TEST T1_ 2020 IMPAQ, DBE rev booklet 2024 @WCED.
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---34February 20252024/2025
- Managing styles 
Different ways to manage a business. Different leaders use different styles (ways). They can be strict or more lenient. 
Negotiations 
Discussions aimed at reaching an agreement. 
Political stability 
When the government is stable – no rioting 
Repo rate 
The rate at which the central bank of a country lends money to commercial banks 
Interest rate 
A proportion of a loan that is charged as interest to the borrower. Example 10% extra on the amount. 
Insufficient skills 
When p...
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