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Business Studies Grade 12 IEB - Business environments summary

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What are ethical factors?

- The principles and/or values that will determine if decisions and actions are acceptable - A guideline to evaluate how to act in the correct manner

What are legal factors?

Refers to all laws that impact on the business

What are the four main objectives of the financial function in a business?

- Maximise profits - Increase profitability - Ensure liquidity - Remain solvent

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Institution 22
Course Business Studies

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