1
Grade 10
BUSINESS
STUDIES
Paper 1
June exam
2025
Previous exam papers have been used to compile these notes, @IMPAQ June exam 2019, 2020 &
2022/DBE Gauteng 2023.DBE Revised revision T2 - 2024
These are only suggested answers from the memorandums. Some information is repeated, I want
to show you the different ways the same information is asked.
I encourage you to answer the calculation/illustration questions.
NOTE: You MUST study Term 1’s notes with Paper 1 ‘s notes. If you haven’t purchased term
1’s notes, please contact .
Good luck. Juffrou Ansie
Topics Covered:
1. Micro environment
2. Market environment
3. Macro environment
4. Interrelationship of micro, market and macro environments
5. Contemporary socio-economic issues
@ Juffrou_Ansie
, 2
Keep the following in mind when answering the question paper:
➢ You MUST answer in full sentences.
➢ If you are asked for FIVE facts, just write 5. The rest of your answers WILL be ignored.
➢ All questions that need to be explained/discussed/described will be marked as follows:
I. Heading – 2 marks
II. Explanation – 1 mark or as indicated in the memorandum
➢ Essay questions:
I. No marks may be awarded for content repeated in the introduction and
conclusion.
II. If INTRODUCTION and CONCLUSION are not indicated, you will lose the marks.
Essay layout:
Analysis:
Introduction
17/36
X (2 points)
18/36
X-
Body (Do not write and underline body)
x (Write down and underline each sub-heading & write full sentences in full sentences.)
x
x 40
40
x
x
Conclusion
X (2 points)
MULTI – CHOICE
Infrastructure Railways, roads and communication networks are examples of
infrastructure
Inflation Inflation is a controlling factor related to the economic environment of
the business.
Consumer market The consumer market can be subdivided into markets for durable
products, semi-durable products, non-durable products and services
@ Juffrou_Ansie
, 3
Organizational culture Values, beliefs and purposes are the three key issues of organizational
culture
A trade union A trade union can best be described as a body that represents the
interests of employees
• Bank loans
Sources of finance • Bank overdraft
• Asset-based loan
• Grants
• Receivable finance
• Angel funding
• Venture capital
Labour Relations Act The Act sets out the minimum requirements for employment
Budget A document that shows how a business plans to spend the income it
expects over a certain period:
• Budgeting is a planning tool to estimate the money that will be
received (income) and how it will be used (expenditure).
• Once a budget is drawn, it should be compared to the actual
income and expenditure.
• Budgets enable businesses to keep track of their finances and
ensure better profitability.
• Each department within the business should have its own
budget
Affirmative action Affirmative action is when preference is given to previously
disadvantaged individuals when hiring new candidates
Dumping Occurs when other countries sell their surplus products in their
markets on our local markets.
Information Knowledge presented to management in a meaningful and useful way,
which can be used in decision-making, is known as information
Rival Any business that offers the same or similar type of product or service.
Workplace Forum Organizations that aim to make the workplace better for the workers.
Intellectual property Ideas that belong to the person who created them.
Reference The previous employer who can be contacted to find out more about a
certain candidate.
Patent Patent is a right granted to the owner or inventor to prevent anyone
from producing, using or importing the invention for a limited period of
twenty years
The process of fraudulently manufacturing, altering, or distributing a
Counterfeiting product that is of lesser value than the original product
@ Juffrou_Ansie
Grade 10
BUSINESS
STUDIES
Paper 1
June exam
2025
Previous exam papers have been used to compile these notes, @IMPAQ June exam 2019, 2020 &
2022/DBE Gauteng 2023.DBE Revised revision T2 - 2024
These are only suggested answers from the memorandums. Some information is repeated, I want
to show you the different ways the same information is asked.
I encourage you to answer the calculation/illustration questions.
NOTE: You MUST study Term 1’s notes with Paper 1 ‘s notes. If you haven’t purchased term
1’s notes, please contact .
Good luck. Juffrou Ansie
Topics Covered:
1. Micro environment
2. Market environment
3. Macro environment
4. Interrelationship of micro, market and macro environments
5. Contemporary socio-economic issues
@ Juffrou_Ansie
, 2
Keep the following in mind when answering the question paper:
➢ You MUST answer in full sentences.
➢ If you are asked for FIVE facts, just write 5. The rest of your answers WILL be ignored.
➢ All questions that need to be explained/discussed/described will be marked as follows:
I. Heading – 2 marks
II. Explanation – 1 mark or as indicated in the memorandum
➢ Essay questions:
I. No marks may be awarded for content repeated in the introduction and
conclusion.
II. If INTRODUCTION and CONCLUSION are not indicated, you will lose the marks.
Essay layout:
Analysis:
Introduction
17/36
X (2 points)
18/36
X-
Body (Do not write and underline body)
x (Write down and underline each sub-heading & write full sentences in full sentences.)
x
x 40
40
x
x
Conclusion
X (2 points)
MULTI – CHOICE
Infrastructure Railways, roads and communication networks are examples of
infrastructure
Inflation Inflation is a controlling factor related to the economic environment of
the business.
Consumer market The consumer market can be subdivided into markets for durable
products, semi-durable products, non-durable products and services
@ Juffrou_Ansie
, 3
Organizational culture Values, beliefs and purposes are the three key issues of organizational
culture
A trade union A trade union can best be described as a body that represents the
interests of employees
• Bank loans
Sources of finance • Bank overdraft
• Asset-based loan
• Grants
• Receivable finance
• Angel funding
• Venture capital
Labour Relations Act The Act sets out the minimum requirements for employment
Budget A document that shows how a business plans to spend the income it
expects over a certain period:
• Budgeting is a planning tool to estimate the money that will be
received (income) and how it will be used (expenditure).
• Once a budget is drawn, it should be compared to the actual
income and expenditure.
• Budgets enable businesses to keep track of their finances and
ensure better profitability.
• Each department within the business should have its own
budget
Affirmative action Affirmative action is when preference is given to previously
disadvantaged individuals when hiring new candidates
Dumping Occurs when other countries sell their surplus products in their
markets on our local markets.
Information Knowledge presented to management in a meaningful and useful way,
which can be used in decision-making, is known as information
Rival Any business that offers the same or similar type of product or service.
Workplace Forum Organizations that aim to make the workplace better for the workers.
Intellectual property Ideas that belong to the person who created them.
Reference The previous employer who can be contacted to find out more about a
certain candidate.
Patent Patent is a right granted to the owner or inventor to prevent anyone
from producing, using or importing the invention for a limited period of
twenty years
The process of fraudulently manufacturing, altering, or distributing a
Counterfeiting product that is of lesser value than the original product
@ Juffrou_Ansie
