1. During the process of manufacturing, packaging, marketing and delivering alcohol beverages, the liquor industry stimulates economic activity throughout the entire beverages value chain. Which economic system allows private organisations to seek a profit while providing the community with products?
a. market economy
b. command economy
c. socialism
d. communism
2. Book & Beyond will be established as a private company. Which one of the following is a characteristic of a private company?
a. Book & Beyond must have at least seven shareholders upon registration of the company.
b. The registered name must contain the words "(Pty) Ltd" so that the name of the company reads "Book & Beyond (Pty)Ltd".
c. Book & Beyond's members will share the management and control of the business on an equal basis.
d. By choosing this type of enterprise, the legal formalities that Book&Beyond has to adhere to are minimised.