QUESTION
1.1.1 Various options are provided as possible answers for the following questions. Choose the
answer and write only the letter (A-D) next to the question numbers (1.1.1 to 1.1.5) in the
ANSWER BOOK. eg. 1.1.6 D.
1.1.1 The price of petrol will be a challenge of the... environment
A micro
B.
market
C.
macro
D. primary
1.1.2 When two businesses decide to become one and function under one name this is know as a
A alliance
B.
merger
C. partnership
D. companionship
1.1.3 Which of the following will be an example of a business in the secondary sector?
1.1.4
A
Pest control services
B
Wood chopping
C Candle factory
D
Hairdr
is an example of a convenience good.
A Jewellery
B
Bread
C
Cars
D a house
1.1.5 Which aspect is NOT considered during production planning?
B
Inventory stock
Actual production
C Employee salaries
D
Factory layout
(5x2)(10)

Microenvironment refers to the specific and close environment that a company operates within, such as its industry or marketplace. On the other hand, macroenvironment includes broader factors like economic conditions and governmental policies that affect the overall business environment. In the context of mergers, when two businesses come together to operate under one name, it is known as a merger.

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