QUESTION $7\mathrm{.}1$

Define the term "profit"

QUESTION $7\mathrm{.}2$

The operations strategy of a business is directly linked with its overall business strategy.

Name four of the major competitive priorities for operations management.

QUESTION $7\mathrm{.}3$

Discuss four objectives a marketer needs to consider before communicating with the market.

OR

QUESTION $8$

QUESTION $8\mathrm{.}1$

No Share holders needed

Identify FIVE advantages of a sole proprietorship

only I directe person

Manaye it betta

Control

Dont need to Submit financiel statements

QUESTION $8\mathrm{.}2$

Discuss planning as a success factor of a manager and the ability to exhibit and apply this

characteristic in their entrepreneurial activities.

Planning is a success facter that cauld

save time

mal

prepared wrin any activity

Help

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