Page 12 - BUSINESS STUDIES FORM 5

Student's Book Form Five

Possible answers for Revision Exercise

1. Consideration or understanding of the business environment
enables the business located in any place to make better
FOR ONLINE READING ONLY
decisions and increase the chances of sustainable growth and
success.
2. One of the influences of technological advancement in
Tanzania is its application in various industries such as
digital platforms, advancements in agricultural technology,
information technology, innovation, and many others.
Technological advancement increases efficiency, improves
productivity, and facilitates convenience in the provision of
services in various economic activities.
3. The importance of the business environment is explained in
the student’s textbook. However, some of its importance in the
context of Tanzania is that it enables businesses to understand
various policies, laws, and regulatory requirements that they
can comply with, equips business operators with valuable
insights about opportunities and challenges present in their
operating landscape. It also enables the business to formulate
effective strategies to address risks to thrive in a dynamic
business environment.
4. The differences between economic, and political environments
are explained in the student’s textbook.
5. Guide the students in manageable groups to discuss the
essential qualities that aspiring entrepreneurs need to succeed
in the startup process, and provide examples of successful
entrepreneurs in Tanzania.

Business Studies for Advanced Secondary Schools 6

30/06/2024 11:26:36
Business Studies TG FORM 5 FINAL.indd 6 30/06/2024 11:26:36
Business Studies TG FORM 5 FINAL.indd 6