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MNM2615 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 23 August 2024

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MNM2615 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 - DUE 23 August 2024...100% correct questions, answers, workings, and explanations...QUESTION 1 Background and key concepts should not be more than half a page (5 marks for the background and key concepts). (5) Then answer the following questions: QUESTION 2 (a) Discuss the technological progress in Africa (5 marks for the theoretical discussions). (b) Explain how the chosen SME/SMME can infuse the technological progress in the business (10 marks for the practical application). (15) QUESTION 3 (a) Discuss the cultural influences on the decision-making process as part of African consumer buying (5 marks for the theoretical discussion). (b) Give examples of practical applications of the decision-making process that is part SME/SMME consumers’ buying (10 marks for the practical application). (15) QUESTION 4 (a) Describe to the identified SME/SMME owner the marketing implications relating to growth in mobile and internet access (5 marks for the theoretical discussions). (b) Describe how the identified SME/SMME can practically capitalise on this growth with reference to its marketing strategy (10 marks for the practical application). (15)

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MNM2615 Assignment 1
(COMPLETE ANSWERS) Semester
2 2024 - DUE 23 August 2024

, Question 1: Background and Key Concepts
In recent years, Africa has experienced significant technological advancements across
various sectors, impacting economic growth and development. Key concepts include
technological infrastructure, digital literacy, and innovation ecosystems. Technological
infrastructure involves the physical and organizational structures necessary for the
operation of a society, such as internet connectivity and mobile networks. Digital literacy
refers to the ability of individuals to use digital tools and technologies effectively. Innovation
ecosystems encompass the network of institutions, policies, and resources that foster
technological innovation and entrepreneurship.

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