Question 10
- Budgeting is necessary for a mobile phone repair business. State three benefits of budgeting.
- State three qualities of a successful mobile phone technician.
Observation
Candidates’ performance on this was fair indicating average knowledge of business management related topics .
The expected answers are:
-
Benefits of budgeting
- helps to manage money effectively
- helps to allocate appropriate resources to projects
- helps to monitor performance
- improves decision making
- identifies problems before they occur
- increases self motivation
- helps to plan for the future
-
Qualities of a successful technician
- Passion for the job
- Self promoting
- Innovative
- Manages money wisely / financial prudency
- Good planner
- Be courteous to customers
- Be accessible
- Be an expert / professional
- Be honest / trustworthy