Answer to Question #346493 in English for accordance

Question

2.3 There are over 800000 stokvel groups currently in South Africa. It is a good way to safe. Discuss the following three (3) stokvels.

2.3.1 Grocery stokvel (3)

2.3.2 Property stokvel (4)

2.3.3 Funeral Stokvel (3)

The law protects the consumer. The prices of certain goods are fixed, for example the price of specific kinds of bread. This means that nobody is allowed to sell these goods at more than the fixed prices. Discuss the following factors which influence profit:

3.1 Kind of business (6)

3.2 Element of Risk (6)

3.3 Competence of the entrepreneur (6)

3.4 Turnover and market size (6)

3.5 New production techniques (6)