Page 93 - Bisiness Studies_Form_3

Business Studies for Secondary Schools

3. Shukurani wants to start a business of selling handmade decorations. Explain what
her business description needs to include.

4. Godson argues that financial projection is an important component of a business
plan. Do you agree? Why?
5. Is there any necessity for conducting marketing research before starting a business?
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Give reasons for your answer.

6. Malipesa has told you to propose a name for her new business. What are the
important things you will consider when choosing a business name?
7. On your way home from school, you meet some people arguing about whether or
not it is a must for street vendors to have a business licence. Using the knowledge,
you have from Business Studies, explain to them whether or not it is a must for
street vendors to have a business licence.

8. One of the significances of a business plan is that it is used for a better understanding
of business competition. Briefly explain.

85 Student’s Book Form Three