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BSM1501 Assignment 1 2021 AS PER UPDATED TUTORIAL LETTER

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BSM1501 Assignment 1 2021 AS PER UPDATED TUTORIAL LETTER. This document includes the questions, answers, and page references.

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  • February 23, 2021
  • February 23, 2021
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  • 2020/2021
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Business Management 1A
BSM1501
Department of Business Management
Assignment 01 for 2021 AS PER UPDATED TUTORIAL
LETTER (compulsory)
Unique Number: 382986
Due Date: 7 May 2021




Study Chapters 1 and 2 thoroughly before you answer this assignment.

Chapter 1

Questions 1 to 5. Match the following concepts in column A with the correct description in
column B.

Column A Column B

1. Perseverance 1) A natural-born talent

2. Gross Domestic Product (GDP) 2) Carry on in spite of setbacks, difficult
situations and problems

3. Customer service 3) Generating new and usable ideas to solve
any problem or exploit any opportunity

4. Creativity 4) After-sales service, attention to detail,
personal presentability, attractive premises
and user-friendliness

5. Aptitude 5) The total production of a country

, Preview of answer for question 1:

1. 2)

Page 12 of the prescribed book:

Perseverance
Entrepreneurs have confidence in themselves and their businesses and carry on in spite of
setbacks, difficult situations and problems. They are able to take immediate decisions, but can
also exercise patience until a task has been completed and a goal reached. They do not lose heart
when they make mistakes or fail. Successful entrepreneurs have an intense determination and a
need to overcome obstacles, solve problems and complete a task. They are not intimidated by
difficult situations.

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