MNG3701 ASSIGNMENT 1 WITH QUESTIONS AND ANSWERS

MNG3701 ASSIGNMENT 1 WITH
QUESTIONS AND ANSWERS , SEMESTER 1
2025
Purpose of Business Organisation - Answers>>>>* To the Entrepreneur it
is the profit he makes from his business
Management Process Characteristics - Answers>>>>* Management is a
process
* Management entails working with and through others
* Management aims to contribute to the realization of organizational goals
and objectives
* Management needs to cope with a changing environment


Interrelated Management Tasks - Answers>>>>* Planning
* Organising
* Leading
* Control


Micro (internal) environment - Answers>>>>Functions, policies, strategies,
goals, objectives and available resources.


External Environment - Answers>>>>Consists of market environment and
remote environment


Market Environment - Answers>>>>* Customer - needs, purchasing power,
behavior and bargaining power