Page 32 - BUSINESS STUDIES FORM 5

Student's Book Form Five

(b) Guide the students in pairs to explain how each policy promotes
medium-sized business growth.
(c) Use any technique to facilitate students’ presentations and
provide a general overview to them.
FOR ONLINE READING ONLY
Possible answers for Exercise 4.2
1. The importance of skills training and workforce development
initiatives in enhancing the competitiveness of an enterprise
improve productivity, enhance creativity, innovation, and
worker’s performance.
2. The industrial policies with their impacts on the operations of
the medium-sized enterprises are explained in the student’s
textbook.

Possible answers for Revision Exercise

1. The role of government agencies as stakeholders in regulating
businesses in Tanzania is explained in the student’s textbook.
2. The owner of a medium-sized business in Tanzania can
benefit from the services provided by the Tanzania Investment
Centre (TIC) through receiving important information on
investment opportunities in the country, business incentives
as well as being assisted in obtaining investment certificates,
permits and licenses. Further explanation on how medium-
sized businesses can benefit from the TIC is explained in the
student’s textbook.
3. The tax obligations that medium-sized businesses are
subject to include corporate tax, Value-Added Tax (VAT),
and payroll taxes. TRA ensures compliance with tax laws
and regulations, and provides guidance and assistance to
medium-sized businesses in fulfilling their tax obligations.
4. Tanzania Trade Development Agency (TanTrade) supports
medium-sized businesses in accessing market and export

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