Bsm1501 Study guides, Class notes & Summaries
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Bsm150 Assignment 1 semester 1 2023
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The document contains Assignment question Together with answers 
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BSM1501 EXAM PACK 2024
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QUESTIONS AND ANSWERS
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BSM1501 TOP Exam Questions and CORRECT Answers
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Business -a business or enterprise can be described as an independent institution, 
established by an entrepreneur to make a profit by producing goods or providing services that 
satisfy customers needs 
-customer is able to satisfy their needs, while the entrepreneur makes a profit 
Establishment -a place where inputs such as raw materials and other components are 
processed to produce a product or provide a service. 
-production activities take place in an establishment 
Relationship betwee...
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BSM1501_ASSIGNMENT_2
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BSM1501_ASSIGNMENT_2
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BSM1501 EXAM PACK 2023
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latest questions and elaborate answers
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BSM1501 EXAM PACK 2023
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QUESTIONS AND ANSWERS
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BSM1501 UPDATED Exam Questions and CORRECT Answers
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Define concept of entrepreneur-Entrepreneurs have the ability to identify and seize an 
opportunity and to create and develop a business by adding value 
-they do this by applying resources that include finance, time, effort, people and skills 
-Are willing to take risks and through their businesses they organize, manage and achieve 
results 
Definition of small business manager-manages an existing business or franchise 
without ensuring growth 
-works full or part-time in a lifestyle busines...
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BSM1501 ASSESSMENT 3-2024 (QUESTIONS & ANSWERS)
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QUESTIONS AND ANSWERS FOR BSM1501 ASSESSMENT 3 2024 SEMESTER 1
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BSM1501 ASSESSMENT 2 2024 (QUESTIONS & ANSWERS)(1)
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BSM1501 ASSIGMENT 2 SEMESTER 1 2024 (QUESTIONS & ANSWERS)(1)
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BSM1501 EXAM PACK 2023
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QUESTIONS AND ANSWERS
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