Question 2 Read the following case study and answer the questions that follow AKA PLUMBING SERVICES Andy, Kevin and Altus are qualified plumbers who decided to start a plumbing a business after completing their apprenticeship . Their business is situated in Umbilo, Durban. They offer services to the community and the surrounding areas. They are now qualified to work on geysers, blocked drains, bathroom and kitchen renovations, taps, toilets, etc. AKA Plumbers employs 6 people. They charge on average R350 per service rendered. The business borrowed R50000 from ABD Bank at an interest rate 8,5% p.a for a period of 60 months. 2.2 Explain the FOUR principles of trade that define the business. 2.3 Name THREE types of media that Andy, Kevin Altus can use to advertise their business. 2.1 Using examples from the case study, give ONE strength, ONE weakness, ONE opportunity and ONE strength of AKA Plumbers. (4x1) (4) (3) 2.4 Give FOUR benefits that AKA Plumbers will enjoy by belonging to a professional body/association. (4) 2.5 Explain THREE ways in which AKA Plumbing Services can expand their business. (3x2) 2.6 Calculate how much interest AKA Plumbing Services will pay to the bank. Use the simple interest formula: 1=PxRxY 100 (4) [25] TOTAL:[50]
