BUSINESS STUDIES
GRADE 10: CASS
ASSIGNMENT:
BUSINESS ROLES
TERM 3
MARKS: 100
MEMORANDUM
QUESTION 1
1.1.1
A

1.1.2
C

1.1.3
B

1.1.4
D

1.1.5
A

1.2.1
E

1.2.2
G

1.2.3
D

1.2.4
C

1.2.5
A

(5 x 2)
(10)
(5 X 2)
(10)
[20]
QUESTION 2
2.1
2.2
- labour regulations

- environmental factors

- infrastructure

- potential market

- raw materials

- labour market

- climate

- government and local regulations

Any (3 x 2)
(6)
Mind maps
- mind maps are diagrams that represent ideas or concepts 
- their strength is that they work like our brains work 
- Maps are useful for generating new ideas, problem solving, and making notes to organise
thoughts and summarising when studying 
- Steps in designing a mind map: 
1. Decide on your central problem or topics
2. Break down the central theme into main ideas or points 
3. Break the ideas down further into sub-points 
4. Use colour and shapes to help sort ideas logically 
Any (4 x 2)
(8)
2.3.1 SWOT analysis - description
- Effective tool for making decisions, by setting out information clearly so that you
can focus on what is important. 
or
- Effective tool for making decisions, about whether or not an idea is a viable business
opportunity 
(1 x 2)
(2)
2.3.2 SWOT analysis
STRENGTH






WEAKNESS
located in scenic part of the False
Bay Coast

low cost family accommodation 
large rooms 
serves breakfast in rooms 
tea making facilities 
low prices 
Any (2 x 2)




Any (2 x 2)
OPPORTUNITIES




2.4
install televisions in rooms 
landscape the grounds

increase the level of advertising 
Provide lunch and supper 
Any (2 x 2)
no television 
grounds are bare 
low occupancy 
little advertising 
THREATS


Lot of good guest houses in the
area 
New developments 
Any (2 x 2)
Max (4 x 4)
(16)
Any (4 x 2)
(8)
Guidelines for effective business reporting
- prepare an overview

- write concisely

- use regular language

- use visual summaries

- edit your report

- get a second opinion

[40]
QUESTION 3
Contracts and their legal implications
Introduction
- A contract is a written, spoke or tacit agreement between two or more people. 
- Intended to be enforceable by law 
- One of the parties offers to do something, or not to do something specific, and the other
party accepts the offer. 
Elements of a contract
•
•
Offer and acceptance

There must be an offer from one party and an acceptance by another party. 
The terms of the contract must mean the same to both parties 
•
Consideration

Something of value must be exchanged 
•
Intention

Parties must intend their agreement to be legally binding 
•
Capacity

Both parties must be legally able to enter into a contract 
•
Form 
If a particular legal form is required, it must be completed 
•
Consent

Contract must be entered into voluntary, without threat or force 
•
Legality of purpose 
The contract must not be for an illegal purpose 
•
Possibility of performance 
It must be possible for the contract to be fulfilled 
Any 5 headings
x 2 = 10
Any 1 fact per heading x 2 = 10 (20)
Legal implications of contracts
•
•
•
•
•
•
•
•
Once a contract has been made, there are certain rights and duties that both parties
have. 
Some of the rights and duties are stated in the contract. 
Other rights and duties are implied by the nature of the contract. 
If a customer buys a product from a business, the customer has the right to expect
the product to be in a working order. 
If the product is faulty, the contract has been breached (broken). 
The buyer can insist on an exchange or refund 
Some contracts must by law, be written and not verbal
Examples of a contract that must be written is the sale of property and credit
agreements 
Any (5 x 2)
(10)
(3)
Rights and responsibilities of parties to a contract
•
•
All parties to a contract have rights and responsibilities 
The rights and responsibilities will differ from contract to contract
•
The basic principles of fair practice remain the same 
- Once an offer has been made and accepted, there is contract. 
- The contract is binding on both parties and enforceable by law. 
- Any product must be in working order. 
- If there is breach of contract by any party, the other parties must be compensated for any
loss they incur 
- If a contract is signed at a place other than the place of business of the supplier, the buyer
has a 5-day cooling off period in which to cancel the contract. 
- Before signing a contract, the buyer must always take time to read the fine print 
Any (5 x 2)
(10)
Total: 40 converted to (27)
Conclusion
-
From the above it is clear that a contract is an essential requirement when operating in the business
environment. 
It should be concluded as soon as possible between the parties before the commencement of any
business venture or before employing any employees.  [Any suitable conclusion]
(1 x 2) (2)
TOTAL: 100
Sub Total
Layout
Analysis
Synthesis
Originality
:
:
:
:
:
32
2
2
2
2
TOTAL
:
40