Answer ANY THREE $(3)$ questions in this section.

QUESTION $3(20$ Marks$)$

When considering starting a business enterprise, there are numerous factors to consider that can

significantly influence the decision$-$making process. Discuss the factors that would affect your choice of

business enterprise, providing practical examples to support your answer.

QUESTION $4(20$ Marks$)$

A farmer wants to start a new business and produce organic vegetables for the local community. To do so$,$

the farmer needs to understand the different factors of production that are necessary for the business to

operate successfully. What are the FOUR $(4)$ main factors of production required for the farmer to produce

organic vegetables for the local community, and how does each factor contribute to the production process?

QUESTION $5(20$ Marks$)$

In the context of Small, Medium, and Micro Enterprises $($SMMEs$),$ discuss how each of the four functions of

management $($planning$,$ organizing, leading, and controlling$)$ can contribute to the success and sustainability

of such businesses. Provide examples to illustrate your points.

QUESTION $6(20$ Marks$)$

A retail company is looking to increase its online sales revenue by $20\%$ within the next fiscal year. Currently,

their online sales account for only $15\%$ of their total revenue, and they believe there is significant potential

for growth in this channel. The company has identified various strategies such as improving the user

experience on their website, enhancing their social media presence, and launching targeted email

marketing campaigns to achieve this objective.

Based on the scenario above, identify and discuss the characteristics of the objective set by the retail

company to increase its online sales revenue by $20\%$ within the next fiscal year. In your answer, address the

specificity, measurability, achievability, relevance, and time$-$bound nature of the objective, explaining how

each characteristic contributes to the effectiveness of the objective$-$setting process.