Read the case study below and answer the questions that follows: John Haufiku is an entrepreneur in the North. He owns a restaurant and a guest house in Oshakati. Johns business is very popular that he receives a lot of customers on a monthly basis. His customers base consist of local people and groups of tourist that come in to see the country. Amongst his local customers John is known for his Tuesday and Thursday local dish special, this dishes are also currently becoming popular among tourist. John has a website and many social media pages that have contributed in making his business popular both locally and internationally. Recently the world has been hit by the Coronavirus popularly known as Covid19. This pandemic has let to businesses being closed for business. Johns restaurant and guesthouse has been mostly heat as customers are no longer allowed to visit such establishments. John has 30 permanent employees and 5 temporary employees. He has a business loan from the Development Bank that he took to expand his guesthouse. He makes repayments on the loan every month. John has no income coming in but he has employees and bills pay.

(a) Discuss the effect that Covid19 had on Johns business. (5)

(b) Johns business and others across the country came to a standstill. Analyse how the countrys economy is affected by the closure of the business. (10)

(c) John took a business loan with the Development Bank. What are the disadvantages of this source of funding? Mention and explain two other sources of funding. (6)

(d) Johns business is a family business. How can a positive mind-set be formulated in the family business. (4)

(e) Discuss the process of leadership succession in a family business by using local examples. (6)

(f) Distinguish between the concept of leadership and management. (6)

(g) Johns business is a Private Limited Company. In form of a table compare the characteristics of Private Company with that of a Public Company. (8)

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