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MNE2601 Assignment 3 [Answers] - Due: 31 August 2023
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MNE2601 Assignment 3 (Answers) - Due: 31 August 2023
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MNE2601ASSIGNMENT 3 (YEAR MODULE)
DUE DATE: 31 August 2023
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no later than
31 August 2023. Kindly note that fax or email submissions will not be accepted.
NB: Assignment submitted to the lecturer(s) through email will not be considered.
Read the following case study and answer the following questions:
- The Kunene brothers (can be found on the question paper)
QUESTIONS:
1. In your own words, give a definition of a family business.
ANSWER:
- Definition of a Family Business
A family business is a type of business where ownership and control are primarily held by
members of the same family. These businesses are often characterized by a close relationship
between family members and their involvement in key decision-making processes and
operations.
2. What kind of business is KBH? Why? Support your answer with an example from the case
study.
ANSWER:
- Nature of KBH Business
KBH (Kunene Bros. Holdings) is a diversified investment holding company. This means that KBH
holds ownership in various businesses across different industries. KBH's investments span
areas such as Coca-Cola bottling and distribution, defense, security, projection systems,
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