GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 1

EMS GR.9 TERM3: INFORMAL ACTIVITIES ENTREPRENEURSHIP & ECONOMY

ENTREPRENEURSHIP: BUSINESS PLAN

Week 5: Period1: Home / Class Activity 1: Date: 20___

Explain the following concepts

1. Need ________________________________________________________

2. Want _________________________________________________________

3. Good _________________________________________________________

______________________________________________________________

4. Service _______________________________________________________

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5. Production _____________________________________________________

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6. Marketing _____________________________________________________

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7. Management ___________________________________________________

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8. Entrepreneurship _______________________________________________

______________________________________________________________

9. Business ______________________________________________________

______________________________________________________________

10. Logo _______________________________________________________________

______________________________________________________________

11. Slogan ____________________________________________________________

______________________________________________________________

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 2

10. Goal__________________________________________________________

______________________________________________________________

11. Target market _______________________________________________________

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12. Market research _____________________________________________________

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Week 5: Period2: Home / Class Activity2: Date: 20___

Question 1

1. Business plan __________________________________________________

______________________________________________________________

______________________________________________________________

2. Production plan ______________________________________________________

______________________________________________________________

3. Marketing plan _______________________________________________________

______________________________________________________________

4. Management plan ____________________________________________________

_______________________________________________________________

5. Financial plan _______________________________________________________

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6. SWOT analysis _________________________________________________

________________________________________________________

________________________________________________________

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Question 2

Name the following:

1. Six business plan components

2. Four factors of production

3. Use the SMARTER goals approach to explain your goals:

Goals Explanation

S

M

A

R

T

E

R

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 4

4. Four functions of management

5. Four P`s of marketing

6. Four types of advertising media.

7. Four elements of SWOT analysis

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Week 5: Period 3: Home / Class Activity3: Date: 20___

Question 1

Explain the following concepts

1. Capital _______________________________________________________

2. Income _______________________________________________________

3. Expenses _____________________________________________________

______________________________________________________________

4. Budget ________________________________________________________

______________________________________________________________

5. Fixed costs ____________________________________________________

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6. Variable costs __________________________________________________

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7. Cost price _____________________________________________________

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8. Selling price ___________________________________________________

______________________________________________________

9. Mark- up percentage ___________________________________________

_____________________________________________________________

10. Unit cost ______________________________________________________

______________________________________________________________

11. Profit _________________________________________________________

12. Loss _________________________________________________________

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Week 5: Period 4: Home / Class Activity4: Date: 20___

Question1

Read the following case study and answer the questions that follow:

Moses Ngwenya lives in the rural town of Pretoria North. He has worked as a handyman for many years at a guesthouse in Temba, 50 kilometers from Pretoria North. His father was also a handyman and taught Moses all the necessary skills, like welding, bricklaying, carpentry, tiling and painting. He was offered a job as salesman at a hardware shop in Pretoria North because of his knowledge of the different tools and hardware products available on the market. After working as, a salesperson for the past eight years, he is dreaming of opening his own hardware store in Temba and called Wengwenya Hardware. He plans to sell hardware goods (tools and materials) to the builders, carpenters, plumbers, metalworkers and home owners who enjoy ‘DIY’ (do it yourself). He knows most of the building contractors in the area, because he has done work for them in the past. They promised to buy all their building supplies from him and two contractors offered him a commission of 10% for every building contract Moses can get for them. He speaks Zulu, Tswana, Tsonga, English and Afrikaans fluently and has good people skills. Moses has no knowledge of Accounting and costing and is not good with administration. His daughter is currently in grade 12 and offered to do his bookkeeping and administration until he can afford to employ someone on a full-time basis. He does not have a lot of start-up capital and will have to borrow money from his uncle to buy a delivery truck. Most of the suppliers of hardware know him very well and will be willing to grant him credit. A contractor is building a new factory in Temba and is planning to build 20 new houses for the factory workers who are moving their families from Pretoria to Temba.

1. Give the name of the entrepreneur and the business. _____________________________________________________________ _____________________________________________________________

2. Name the type of business is this in the case study and state the reason. _____________________________________________________________ _____________________________________________________________

_______________________________________________________________

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 7

3. List Two of Moses’s weaknesses. _____________________________________________________________

___________________________________________________________

4. List Five of Moses’s strengths (skills) that will help to make his business a success. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ _____________________________________________________________ ___________________________________________________________

5. List Two opportunities that will be good for his business in the future. ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________________________________________________________

6. List Two threats that will not be good for Moses’s business.

___________________________________________________________

___________________________________________________________

__________________________________________________________

7. Explain the role of Wengwenya Hardware as a producer and consumer. _____________________________________________________________ _____________________________________________________________

_____________________________________________________________

______________________________________________________________ ______________________________________________________________

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 8

Question2

Read the Case study and answer the questions that follow.

Case Study: The story of a Grade 7 Entrepreneur

Lebo Naidu is in Grade 7. She loves music. Lebo would love to have enough money to buy all

music dvd’s he likes! Fortunately, Lebo’s school is holding an Entrepreneur’s Day at the end of

the term and the Grade 7’s will have an opportunity to sell goods. Each learner must pay the

school rent 10% of their net profit towards fundraising for the school soccer field.

Lebo recognised the chance to earn some money to buy music dvd she really wants.

Lebo decided to sell 12 decorated pens and 10 slices of poppy seed cake. She needs to spend

R 27.00 on decorations for the pens, and R 25.00 on ingredients for the cake. The pens sell at

R 9.50 each and a slice of cake is R 3.20.

1. Explain what Larry planned to sell at the school entrepreneur`s day? State the reason why?

____________________________________________________________

_____________________________________________________________

_____________________________________________________________

_____________________________________________________________

2. List Larry’s expenses.

____________________________________________________________

____________________________________________________________

_____________________________________________________________

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 9

3. List Larry’s income ____________________________________________________________

____________________________________________________________

____________________________________________________________

4. Complete Lebo Naidu budget for July 2020

Lebo’s Budget for

Income R R

Total Income

Expenses R R

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 10

EMS GRADE 9 TERM THREE THE ECONOMY: PRICE THEORY

Week 7: Home / Class Activity 1: Date: 20___

Question 1

Explain the following terms

1. Market __________________________________________________________

________________________________________________________________

2. Price __________________________________________________________

________________________________________________________________

3. Quantity ________________________________________________________

________________________________________________________________

4. Demand ________________________________________________________

________________________________________________________________

5. Demand schedule _________________________________________________

________________________________________________________________

________________________________________________________________

6. Demand curve ____________________________________________________

________________________________________________________________

7. The Law of Demand _______________________________________________

________________________________________________________________

_______________________________________________________________

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 11

Question 2

1. Name Four factors that determine the demand for goods or products in the market.

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

_____________________________________________________________

2. Explain the relationship between demand and price

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

_____________________________________________________________

______________________________________________________________

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Week 7: Home / Class Activity 2: Date: 20___

Use the information in the table below to draw demand curve of cold drink

Price of Cold drink Quantity Demanded

R 5 5

R 4 10

R 3 15

R 2 20

R 1 25

P

r i c e i n R a n d s

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Week 7: Home / Class Activity 3: Date: ____________________________20

Question 1

Explain the following terms.

1. Product _____________________________________________________

________________________________________________________________

2. Production _____________________________________________________

________________________________________________________________

3. Producer ______________________________________________________

________________________________________________________________

3. Supply ___________________________________________________________

________________________________________________________________

4. Supply schedule ___________________________________________________

________________________________________________________________

5. Supply curve ______________________________________________________

________________________________________________________________

6. The Law of supply __________________________________________________

________________________________________________________________

________________________________________________________________

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Question 2

1. Name Four factors that determine the supply for goods or products in the market.

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

_____________________________________________________________

2. Explain the relationship between supply and price.

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

______________________________________________________________

_____________________________________________________________

______________________________________________________________

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 15

Week 8: Home / Class Activity 4: Date: ____________________________20

Use the information given in the table below to draw supply curve of cold drink

Price of Cold drink Quantity Supplied

R 1 25

R 2 20

R 3 15

R 4 10

R 5 5

P

r i c e i n R a n d s

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Week 8: Home / Class Activity 5: Date: ____________________________20

Question 1

Explain the following

1. Equilibrium ________________________________________________________

___________________________________________________________________

2. Equilibrium price ___________________________________________________

___________________________________________________________________

3. Equilibrium quantity _________________________________________________

___________________________________________________________________

Question 2

Use the information given in the table to draw demand curve and supply curve on a single axis. Indicates demand with DD supply SS and the equilibrium price with an E.

Price of Cold drink Quantity Demanded Quantity Supplied

R 1 25 5

R 2 20 10

R 3 15 15

R 4 10 20

R 5 5 25

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 17

P

r i c e i n R a n d s

GR.9 Term3 2020 COVID Informal Activities Business Plan & Price Theory Makobe-Ntuli Page 18

Week 8: Home / Class Activity 6: Date: ____________________________20

Use the information given in the table below to draw demand and supply curves on a

single axis. Indicates demand with DD supply SS and the equilibrium price with an E.

Price of school bags Quantity Demanded of face mask Quantity Supplied of face masks

R 100 250 50

R 200 200 100

R 300 150 150

R 400 100 200

R 500 50 250

P

r i c e i n R a n d s

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