SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Apply basic business principles 
SAQA US ID UNIT STANDARD TITLE
117497  Apply basic business principles 
ORIGINATOR ORIGINATING PROVIDER
SGB Administration   
QUALITY ASSURING BODY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Office Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2012-07-01  2015-06-30  SAQA 0695/12 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2016-06-30   2019-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
A person credited with this Unit Standard is able to apply various theories of economics, marketing and management. Skills obtained after successfully completing this Unit Standard will provide learners with generic business competencies.

In particular, on completion of this Unit Standard, the learner is able to:
  • Apply the profit motive to a going concern.
  • Demonstrate an understanding of basic economics.
  • Undertake basic marketing activities.
  • Operate according to an organisational structure.
  • Discuss business objectives and goals. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners are competent in:
  • Communication at NQF Level 3.
  • Mathematical Literacy at NQF Level 3. 

  • UNIT STANDARD RANGE 
    Although the learner will gain knowledge of various business principles, this Unit Standard will not prepare him/her to become responsible for the management of a company. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Apply the profit motive to a going concern. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of a going concern is discussed with examples. 

    ASSESSMENT CRITERION 2 
    The profit motive can be applied to a selected organisation. 

    ASSESSMENT CRITERION 3 
    The advantages and limitations of a particular form of business ownership are explained with examples. 

    SPECIFIC OUTCOME 2 
    Apply production theory in a selected workplace. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Principles of demand and supply are utilised in decision making and related to a pricing structure for a range of products and/or services. 

    ASSESSMENT CRITERION 2 
    Break-even sales in Rand and unit terms can be determined for a range of products and/or services. 

    ASSESSMENT CRITERION 3 
    The theory of economies of scale can be explained in an essay on the topic. 

    ASSESSMENT CRITERION 4 
    The role and cost of labour and equipment, as factors of supply or delivery of products/services can be presented to a group of peers. 

    SPECIFIC OUTCOME 3 
    Segment a market and undertake appropriate marketing measures. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Market research is conducted, data is collated and evaluated and presented to a coach/mentor. 

    ASSESSMENT CRITERION 2 
    A buying market can be segmented and a marketing mix applied to a range of products/services. 

    ASSESSMENT CRITERION 3 
    Advertising can be composed for a target market and appropriate media selected for placement. 

    SPECIFIC OUTCOME 4 
    Operate within a company reporting structure. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    An organisational chart is constructed for a particular company. 

    ASSESSMENT CRITERION 2 
    Staff and line functions are clarified, and reporting lines are identified within a selected company's hierarchical structure. 

    ASSESSMENT CRITERION 3 
    The mission, vision and values of a company are described to a relating them to function. 

    ASSESSMENT CRITERION 4 
    Supervisory and managerial roles are defined in a presentation using examples. 

    SPECIFIC OUTCOME 5 
    Align business unit goals with overall business strategy and objectives. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Organisational objectives are interpreted and a business plan analysed for a particular company. 

    ASSESSMENT CRITERION 2 
    Action plans to meet organisational objectives are implemented efficiently. 

    ASSESSMENT CRITERION 3 
    Unworkable objectives are reported on and contingency plans constructed to ensure that business goals remain achievable. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor with the relevant Education and Training Quality Assurance body (ETQA).
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as an provider with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The knowledge underpinning the above specific outcomes is:
  • The theories of:
    > The profit motive.
    > The going concern.
    > Forms of business ownership.
    > Demand and supply.
    > Economies of scale.
  • A business plan.
  • An organizational chart. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Problem identification and solution in creative ways when aligning business strategy to business goals. 

    UNIT STANDARD CCFO WORKING 
    Working in teams throughout the work. 

    UNIT STANDARD CCFO ORGANISING 
    Organising and managing self when applying the project motive. 

    UNIT STANDARD CCFO COLLECTING 
    Critically collecting, evaluating and analysing information and operating the reporting system. 

    UNIT STANDARD CCFO SCIENCE 
    Appropriate use of information technology equipment and systems when operating the reporting system. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE QUALITY ASSURING BODY
    Elective  49129   Further Education and Training Certificate (FETC): Management and Administration  Level 4  NQF Level 04  Reregistered  2015-06-30  SERVICES 
    Elective  50480   Further Education and Training Certificate: Firearm Training  Level 4  NQF Level 04  Reregistered  2015-06-30  SAPFTC 
    Elective  60652   Professional Qualification: Management and Administration  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2015-06-30  As per Learning Programmes recorded against this Qual 
    Elective  57651   National Certificate: Forensic Science  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2015-06-30  SAS SETA 
    Elective  50017   National Diploma: Club Professional Golfing  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered" 
    2008-11-30  Was CATHSSETA until Last Date for Achievement 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Quality Assuring Bodies have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Quality Assuring Body should be notified if a record appears to be missing from here.
     
    1. Arrow Creek Investments (Pty) Ltd T/A Avisa Academy of Learning (PRETO 
    2. ENTREPRENEURS SA 
    3. GROWTH LINK 
    4. INTERNATIONAL FIREARM TRAINING ACADEMY 
    5. TLHOLEGO BUSINESS CONSULTANTS 
    6. TRAINING AND DEVELOPMENT SPECIALISTS 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.