Question $1$

$[$Marks: $75]$

In answering the questions below, consider the followine

You are required to conduct additional research on IBV International before completing the questicars below

Maintain a balance between theory and application

AI theory must be referenced frem the textbook and ather credible sources.

You are required to paraghrase and explain concepts in your oun wonds, with references

Q$1\mathrm{.}1$ Identify the ecanamic system usped in South Alrica. lustify yoce answer by referring $(5)$ to International Rank Vaults.

Q$1\mathrm{.}2$ "Sustainable devplopenent is develapment that mests the neaks of the prosent

$(5)$

IUnited Nations, $300$ n

Brielly discuss whether or net the introduction of private vausts is a sustainable idea. Justify your answer.

Q$1\mathrm{.}3$ Achok Serwnarain is the founder and chairman of intemational Rank Vaults $($IRY$).$

$(15)$

the first and most sophisticated, privately craned sate deposit vaults in Souch Atrica. He says, "Dukiness is full of risk and chalenges that we must confront on a dally basis." He added that over the years, he had experienced many failures in his business career, but al of these had made ham more knowiedgeable and humbler $($The Bugle, $2021).$

Q$\mathrm{.}1\mathrm{.}4$ IBV is currently owned and managed by one person, Ashok Sewnarain. He now

$(8)$

realises that the venture has grown considerably and has become challenging for just himself. Ashok Sewnarain is considering inviting three friends to join his business. Each of his friends will contribute something to the business. Choose the best form of ownership to grow this business. Motivate your choice by making use of the advantages of the business format.

Q$\mathrm{.}1\mathrm{.}5$ From the case study above, identify one factor within the market environment

$(5)$

that is discussed. Motivate your answer with the use of examples from the case study.

Q$\mathrm{.}1\mathrm{.}6$ Organisations that analyse their external environments and are aware of what is

$(6)$

happening in those environments have a competitive advantage.

From the case study above, identify any two sub$-$environments within the macroenvironment. Motivate your answer with the use of examples from the case study.

Q$\mathrm{.}1\mathrm{.}7$ In May $2005,$ Sewnarain opened the first private vault in Umhlanga's Gateway Theatre of Shopping $($mall$).$

$(15)$

Identify and discuss any three location factors which justify Gateway Shopping Theatre as the ideal location for this business.

Q$\mathrm{.}1\mathrm{.}8$ The planning process comprises of six steps. Briefly explain how each step was

$(12)$

used to facilitate the decision$-$making process of acquiring Standard Bank's vault clients.

Q$\mathrm{.}1\mathrm{.}9$ Read the case study and conduct additional research around IBV and Mr$.$ Ashok

$(4)$

Sewnarain. Briefly describe whether Mr$.$ Sewnarain is a leader or a manager. Motivate your answer.