QUESTION ONE: The dairy dessert market has always been a competitive one.
Still, recent changes in consumer preferences, tastes, and more have made it even more difficult for today’s gelato shops and producers. From chain-based wholesale gelato in shops to independent creameries and dessert stores, many challenges must be overcome to provide a high-quality product right for today’s market conditions (Nishitha, 2018).
Factors of production are referred to as the inputs needed to produce good and service. In light of this, determine and discuss the factors of production that would be appropriate to open an ice cream parlour.
Identify and discuss three levels of management, found within a business.
QUESTION TWO: The emergence of the Classical Approach was influenced by the steam-engine which was a product of the Industrial Revolution.
Steam power provided for efficient production which in turn led to a shift from farm work to factory work where the principle of mass production was upheld. This shift from the agrarian mode to the factory system brought about a number of organisational problems, such as poor motivation of workers. In light of the above, discuss the theorist contributions to the Classical Management Approach.
QUESTION THREE: COVID -19 has impacted countries and business across the world bringing about immense change.
In light of the above, analyse the external business environment for a business of your choice in relation to the COVID-19 pandemic.
Discuss one (1) opportunity and one (1) threat that has affected the business above.
QUESTION FOUR: With the aid of appropriate examples, explain the importance of planning to management.
Describe how traditional management has had to adapt to modern digital management. Provide examples to support your answer.
Answers to Business Management Assignment South Africa
Answer 1: Factors of production can be defined as the input or the resources that are required in the production process in order to produce output. The factors of production are based on the type of product that needs to be produced. In the given scenario of the daily dessert market, there are a number of factors of production required in order to open an ice cream parlour. The basic factors of production that are essential include the natural resources, human resources, capital resources and entrepreneurial resources…..
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