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Adapting to challenges of the business environment Business Studies Grade 11

The difficulties that businesses are currently confronting are more pressing than ever. Businesses now face far more intense competition as a result of globalization and technical advancement. Additionally, the current economic and health crises present business owners with an even more difficult challenge: surviving, not just thriving. Here are 4 ideas to think about if you want to help your company adjust to changing circumstances.

Benefits or advantages of Business Involvement in Macro Environment

The business can more accurately predict future events, threats and opportunities that may arise
The business can contribute to a healthier, more skilled and productive workforce
It can protect natural resources and meet consumer needs in a sustainable way
The business can contribute to wealthier consumers.
Reduced industrial conflict and increase productivity.
The business can accurately promote a cause that is a concern to the society.
The business can contribute its expertise and resources that can influence the public opinion. This is called advocacy.

How to Pass Business Studies Grade 11 with distinctions

One of the most significant accomplishments in your academic career is passing matric. It provides access to a wide range of post secondary options and employment possibilities. Use our best study advice to complete your matriculation, and you’ll succeed with flying colors.

Attend class
Ask questions
Make notes
Study
Practise
Study groups
Extra class
Motivation
Complete assessments
Prepare for the Exams in due time

Adapting to challenges of the business environment Business Studies Grade 11