Nov Essay 1 Business Environments

Question 1

Introduction 1

Answer 1

South African businesses face a unique set of socio economic challenges that impact on businesse operations.

Question 2

Introduction 2

Answer 2

All socio economic issues present both challenges and opportunities for entrepreneurs.

Question 3

Socio economic issues

Answer 3

Include discrimination and poverty , inclusivity , unemployment, an unproductive labor force , HIV and AIDS , gambling, piracy counterfeiting, strikes , Violence and crime.

Question 4

Socio economic issues 2

Answer 4

Are difficulties that social and economic factors in the macro environment can cause in thr business

Question 5

Discrimination of socio economic issues
HIV & AIDS

Answer 5

There are extremely high figures of people with HIV & AIDS

Question 6

HIV & AIDS

Answer 6

Causes strain on healt care and social services infrastructure

Question 7

Discrimination of socio economic issues
Piracy

Answer 7

Shows that a product comes from a particular source

Question 8

Piracy

Answer 8

Patent is an exclusive right to a particular product or invention for a period of time

Question 9

Discrimination of socio economic issues
Strikes

Answer 9

Usually the result of a labour dispute

Question 10

Strikes

Answer 10

Takes place if workers refuse to work

Question 11

Discrimination of socio economic issues
Inequality and poverty

Answer 11

Poverty is when a person is unable to satisfy his or hers basic human survival needs

Question 12

Inequality and Poverty

Answer 12

Person is deemed extremely poor if he or she is unable to afford food , water and shelter

Question 13

Impact of socio economic issues on business
HIV & AIDS

Answer 13

This disease leads to a decline in the productivity of the affected employees

Question 14

HIV & AIDS

Answer 14

There is a decrease in demand owing to a decrease in customers

Question 15

Impact of socio economic issues on business
Piracy

Answer 15

Deprives the origin artist of his or her income.

Question 16

Piracy

Answer 16

People who buy pirated copies contribute to the problem

Question 17

Impact of socio economic issues on business
Strikes

Answer 17

Result in loss of production

Question 18

Strikes

Answer 18

Result in loss of income as a result of damaged property

Question 19

Impact of socio economic issues on business
Inequality and poverty

Answer 19

Poverty affects consumers spending as poor people have ability to buy to goods

Question 20

Inequality and poverty

Answer 20

If people cannot spend money business enterprises cannot grow

Question 21

Importance of inclusivity in the workplace

Answer 21

Aims to redress the imbalances of the past

Question 22

Importance of inclusivity in the workplace 2

Answer 22

Aims to ensure that businesses do not exclude anyone from consideration

Question 23

Importance of inclusivity in the workplace 3

Answer 23

Aim is to ensure that businesses follow employment practices that are fair

Question 24

Importance of inclusivity in the workplace 4

Answer 24

Also should try ensure that employees are representative of the demographics of the country

Question 25

Importance of inclusivity in the workplace 5

Answer 25

Aims to have workplaces of diffrent races , cultured, genders , religions , abilities , languages and beliefs can work together effectively for the good of the business.

Question 26

Conclusion

Answer 26

Socio economic issues impact businesses negatively.