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QUESTION 1
Every entrepreneur has certain expectations and goals when choosing a business.
1.1 What is a close corporation in business? Give one examples. (5)
1.2 You are a Grade 7 teacher leading a discussion on the different kinds
of franchising.
1.2.1 What are the issues to consider when discussing about capital requirement for a
franchise (10).
1.2.2 Do you agree with the assertion that businesses fail for a number of reasons?
Substantiate on your answer by discussing the following;
1.2.2.1 Incompetent management (2)
1.2.2.2 Lack of experience (2)
1.2.2.3 Poor financial control (2)
1.2.3.4 Inflexibility (2)
1.2.3.5 Unrealistic time frames (9)
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