Grade 10
Business Studies
Term 3
Test
2025
These notes are compiled by past papers of SACAI NOV 2019, 2020,2021. JUN 2019,
2020, 2021, 2022. DBE Notes 2021, DBE NOV 2020. BS GR 10 TASK 5_2020 & 2021. IMPAQ
TEST 2023/ 2024IMAGES: CANVA
NOTE – There are more possible answers per section. I have kept it shorter according to
mark allocation on the specific question paper. These are suggested answers
according to the memorandums.
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Content
Creative thinking 4
Problem solving 5
Business opportunities and related factors 11
Contracts 16
Presentation of business information 18
Business Plan 22
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Contextual questions
TERMS DEFINITIONS
Business opportunity The potential of a business idea to succeed based on the
investigated needs and desires of the potential market
Research A systematic investigation to find facts or to gather
information.
Potential market Customers who want to buy a product / service and have
the cash or credit facilities to do so
Risks Possibilities of loss or damage
Research tool A device / tool that can be used to collect information or to
form a set of guidelines for observation
Respondents People on whom the investigation is carried out / person
who fills in a questionnaire
Doable Possible and practical to achieve something easy /
convenient
Viable Can work successfully
Strengths Skills and circumstances existing in the business and its staff
that contribute to its success.
Weak points Circumstances that work against the enterprise and its
success
Opportunities Circumstances that make something possible for the benefit
of the enterprise
Threats Things that can cause the business to fail
Target market A specific group of customers on which a business focuses its
products and services
SSGB Analysis (SWOT) A technique / tool used to evaluate a situation from
different angles to make strategic decisions.
Business report A written document that provides information.
Verbal presentation Delivering a speech to a public audience.
Maps, photos or images that help make a point or enhance
Visual aids
a presentation.
All forms of companies must register with the Companies
and Intellectual Property Commission (KMIE)
New inventions and patents must be registered with KMIE
KMIE
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With the South African Revenue Service (SARS) to fulfil tax
obligations
Most businesses must also register as VAT entrepreneurs
WVF registration can be done on form UF8 at any SARS
SARS office or online.
LOCAL Businesses that sell food or perishable food to eat will need a
MUNICIPALITY license from the local municipality to do so.
Refers to a device that works with both good audible and
Audio visual aids
visual components.
Data Projector Project images from computer onto a screen
Connected to a projector with special pens that enable the
Interactive
presenter to write on the board.
whiteboard
A conversation between two or more people or in groups
Video Conference
where everyone is in different places can be done via
equipment
computer or telephone.
Printed information that provides information to the
Hand out pieces
audience during a presentation.
A sketch representing appearance/structure/operation of
Diagrams
data in a schematic manner.
Tables A set of facts presented systematically in columns.
A large bound paper such that each page can be turned
Flip cards
over and written on. It is on a stand.
A document that summarizes the operational and financial
Business plan
objectives of a business.
Name of the entrepreneur, name and logo of the business
Front page
Address and contact details of the business
Index Page/ Table of
Help the reader find information in the document
Contents
Executive summary Summary of the entire business plan
Description of the Tell the reader exactly what the business does
business
The long-term goal of how you see your business in the
Vision
future and how you want it to grow
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Mission Indicate how you hope to achieve your vision
Description of the marketing analysis
Include the target market, customers and competition
Marketing plan
Explain the marketing mix and provide the marketing
strategy
Collecting data to obtain more information about
Market research
consumers' needs and wants.
Employment contract Every employer is required to provide its employees with a
(Contract of service) written contract to regulate the conditions of employment.
It is proof that a franchisee bought and franchise from a
Franchising
franchisor. This contract sets out prescriptions for franchisee
agreement
to follow.
Creative thinking
Meaning of creative thinking DBE Notes 2021
✓ Creative thinking is the ability to think original, different and
innovative.
✓ It focuses on the generation of possibilities, the exploration of
ideas and the search for possible solutions.
✓ Creative thinking is a way of thinking that is unconventional
and original.
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Benefits of creative thinking in the workplace DBE Notes 2021, SACAI NOV
2021 & DBE NOV 2020
✓ Creative thinking improves the quality of solutions to business
problems.
✓ Products and services can be marketed more creatively.
✓ Stimulate profitable new ideas for products/marketing
campaigns and public relations.
✓ Managers can come up with new creative strategies for the business.
✓ Employees can think for themselves and come up with new creative ideas
___________________________________________________
Benefits of creative thinking in the workplace DBE Notes 2021
✓ Creative thinking improves the quality of solutions to business problems.
✓ Products and services can be marketed more creatively.
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