QUESTION 2 2.1 State THREE types of entrepreneurship that are common in south A). 8/10 (3 x 1) (3) 2.2 Indicate how the skills of negotiation, confidence and networking can help an entrepreneur succeed in the business world. (3 x 1) (3) 2.3 Provide THREE reasons for South Africa having fewer entrepreneurs within local communities. (3 x 1) (3) 2.4. Explain what an entrepreneur must do to identify a niche in the market (2 x2) (4) 2.5 Explain TWO reasons why it's important for an entrepreneur to be innovative. (2 x 2) (4) (2 x 2) (4) 2.6 Explain TWO benefits of self-employment. 2.7 Assess THREE factors that have had a positive impact on e-business in recent years. (3 x 2) (6) 2.8 Suggest and explain ONE strategy that schools could take to promote entrepreneurship. (1 x 3) (3) ... ...​

small businesses

social entrepreneurship

E-businesses

Innovative entrepreneurship

cultural entrepreneurship

negotiation skill:helps an entrepreneur to achieve long-term career/boost productivity and reduce workplace conflicts

confidence helps an entrepreneur to succeed /overcome doubts /fear/take risks/be brave/be bold

Networking-improves growth in the business/ helps to build a good reputation/increase a support network/expands the market base

Entrepreneurship isn't highlighted in most schools as an important aspect of an employment opportunity

No opportunities to gain experience in local communities

Wrong attitudes from parents/guardians because they do not see entrepreneurship as a way to be successful

fear of failure because of the lack of funds to start a business

lack of inspiration as there are few success stories in communities deters one from starting a business

lack of security from local police to assist businesses to be safe

2.4 Be passionate about what he/she wants to do then it would not be tough /difficult to reap great profits from this market

have a clear idea about niche worth and thus cheap idea will help in the decision making process of whether to go for it or not

come up with a unique product /service or look for unmet needs so that he/she wants to be only one selling

determine the demand for the product or service by conducting extensive marketing research

research the competitors the size of the market might be available to see if the business concept has potential

market the product or service so that they can reach and educate their potential customers

establish leads by building relationships and making contact on a regular basis

2.4.2The key to any successful business is the ability to come up with fresh new ideas to keep the operation running and the products and service fresh

innovation is about doing something to the best of your abilities so that you can carve your own unique identity in a cluttered market

innovation has a lot to do with modifying existing business models and adapting to changes to achieve better results

innovative entrepreneurs have the ability to look at a problem differently and come up with solutions which others may or may not be able to

innovation helps you gain more customers and grab a bigger share of the market

innovation also makes it easier to grow whatever may be the size and type of business so that there are many more chances of growth in the business

with the help of thr right innovation you can actually offer something extremely unique to your customers giving it a totally different shape

2.43 As a self employed business owner you have the freedom to make decisions that shale the present and future for yourself and your family

Being self employed means you get to choose when you work rather than being contracted to set hours you can start as early or late as you want

Balancing work and family life can be difficult but running your own business affords you the ability to take time out when needed

when you're an employee you work with people you like and others you don't very much dislike throughout your career but being self employed allows you to make the decisions about who to hire and fore and you can build a team aligned to your personality and goals

when you're self employed you get to see the financial results of your hard work and can earn more than a set wage

Being self employed helps you escape the trap of working in a job you hate and allows you to turn your passions into a business

Being self employed is often like being on a roller coaster as no day is ever the same/each day is unique

When you own your business you get to shape the dreams of yourself/stand up for what you believe in and you are also able to create vision goals and an ethos that inspires those you employ and serve

Being able to help people is one of the main benefits of being self employed and running a business as even a very small local business helps people by creating jobs and supporting a community

You are rewarded with self fulfilment as you turn your dreams of running your own business and of making a difference into reality

2.5 New shopping habits as people are afraid to move around in crowded places therefore they choose to buy things online/from the comfort of their homes

online shopping has become embedded in people/addictive as people feel more comfortable shopping online

The paid growth of mobile devices is making it easier than ever to browse and shop online since customers can place orders one handed from the device that is likely in their hand or pocket at all times

Even as some items became scarce in physical stores there may be options for ordering online

convenience/wide selection and savings have spurred online retail since the beginning

Popularity and competitive prices will continue to drive e-business in South Africa

The author of your text describes a scenario wherein his psychology professor would give extra points on an exam if students figured out and said the right word. This scenario illustrates a number of relevant points to learning, motivation, and the self. Which of the following apply to this scenario?
Correct Answer(s) Incorrect Answer(s)
• psychoanalytic theory • Behaviors that are reinforced are more likely to happen again. • Behaviors that we expect to be reinforced are more likely to happen again.
• behaviorist theory • trait theory • social learning theory • By watching others, we can learn what is reinforced