Va Afrika Business Studies Grade 11 Study Guide

Business Studies is an important subject to study when you would like to follow a career in
business management, finance, administration or marketing. Business Studies will also help you
with many areas of your life and with whatever career you would like to pursue.
Business Studies will help you to:
 analyse the impact of changing and challenging environments on business practices,
 e.g. the increasing fuel price and the impact it has on businesses worldwide; devising
strategies to cope with these challenges
 design and use a research instrument to assess needs and wants
 encourage creative thinking to generate entrepreneurial opportunities, e.g. opening an ice
cream stall on Margate beach during peak season
 process and analyse data for decision making
 develop an action plan from a business plan
 understand the legal implications of contacts
 understand the implementation of the employment equity act and labour laws
 demonstrate and apply a range of management skills in all eight management functions:
purchasing, production, financial, marketing, public relations, human resource management,
information management and general management