NSSCO Business Studies (6144) study plan

Distinguish needs from wants and explain how the chain of production (primary, secondary, tertiary) adds value, using one Namibian example per sector

Classify a business's activities into the four factors of production and justify which factor is scarcest in Namibia's economy

Define market segmentation and divide a chosen consumer market into at least three segments using demographic, geographic and behavioural bases

Explain the purpose and stages of market research (primary vs secondary, sampling methods) and identify two sources of secondary data available in Namibia

Calculate and interpret market share and market size figures from given data

Apply the four Ps of the marketing mix to a product or service of your choice, justifying each decision

Compare pricing strategies (cost-plus, penetration, skimming, competitive) and select the most suitable for a new entrant in a price-sensitive market

Explain the difference between marketing and selling, and evaluate the role of branding and packaging in a low-income market

Define business objectives (profit, growth, survival, market share, social objectives) and explain how they may conflict

Identify internal and external stakeholders and assess the conflicting interests of at least three stakeholder groups in one scenario

Classify business ownership forms (sole trader, partnership, private and public company, close corporation, cooperative, state-owned enterprise) by liability, continuity, control and capital-raising ability

Recommend an ownership form for two contrasting scenarios and justify each recommendation with three criteria

Distinguish internal from external sources of finance and match at least four sources to short-term and long-term needs

Explain the purpose of a cash flow forecast and identify three causes of a cash flow problem

Interpret the main components of an income statement and a statement of financial position and state what each reveals

Calculate gross profit, net profit, gross and net profit margins, and mark-up from given figures, showing all workings

Construct a simple cash flow forecast from supplied receipts and payments data over three months

Distinguish fixed, variable and total costs and calculate break-even output and margin of safety

Explain three methods of improving profitability and evaluate the risk attached to each

Describe the main methods of production (job, batch, flow) and match each to an appropriate product type

Explain economies and diseconomies of scale and identify two factors influencing the location of a manufacturing business and two for a service business

Describe quality control and quality assurance, and explain the costs and benefits of maintaining quality standards

Outline the stages of the recruitment and selection process and draft three interview questions that avoid bias

Compare financial and non-financial methods of motivating employees and apply two motivation theories to a workplace scenario

Distinguish on-the-job from off-the-job training and evaluate one advantage and one disadvantage of each

Explain the main features of the employment relationship: contract of employment, disciplinary and grievance procedures, and the role of trade unions

Describe the legal protections relevant to dismissal and discrimination and explain the consequences of non-compliance for an employer

Identify the causes of poor communication and recommend two remedies for a given workplace problem

Compare communication channels (written, oral, electronic) and select appropriate channels for three different business messages

Evaluate how information technology and e-commerce change how businesses communicate with customers and suppliers

Distinguish business ethics from corporate social responsibility and give one example of each in a Namibian business context

Evaluate the costs and benefits to a business of adopting ethical and socially responsible practices

Explain how government regulation and consumer protection law affect business decisions

Describe the main features of Namibia's business environment, including the role of SMEs, and explain two barriers to starting a business there

Explain the benefits and risks of international trade and identify two export opportunities for Namibian producers

Synthesise all ten domains into a one-page concept map linking objectives, stakeholders, marketing and finance

Complete two full past-paper-style practice papers under timed conditions and record a score per domain

Review the three weakest domains identified by practice scores and rewrite notes into question-and-answer form

Practise structuring extended answers: state, explain, evaluate, conclude, using command words correctly

Compile a final one-page formula and definitions sheet from memory, then check it against notes