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Quick Look Course Summary:Demonstrate an understanding of the function of the market mechanisms in a new venture
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Next Public Course Date:
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Length: 3 day(s)
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Price (at your venue): 1 Person R 17,953 EX VAT 3 Person R 12,518 EX VAT 10 Person R 8,424 EX VAT
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Certification Type:Non-Accredited
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Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
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Demonstrate an understanding of the function of the market mechanisms in a new venture
(This Unit Standard course is aligned to: Further Education and Training Certificate: New Venture Creation)
SAQA I.D. 66249 NQF Level: NQF Level 04
Aligned to Unit Standard: 263356
Unit standard credit value: 5
Course Introduction
Starting a business is made that much easier with BOTI’s classes for entrepreneurs.  Enroll on an entrepreneurship program or reserve your seat on BOTI’s Unit Standard course: Demonstrate an understanding of the function of the market mechanisms in a new venture. BOTI offers business training programmes across South Africa.
Course Outline
This Unit Standard is intended for those individuals who wish to develop an understanding of the way market mechanisms operate in a new venture. It will also address the economic realities of South Africa and the role new ventures play in job creation.
Upon successful completion of this course you will be well equipped to:
- Describe the development and significance of markets.
- Analyse the interaction of demand and supply in price determination.
- Analyse the factors that influence economic activity.
- Explain the free market system in terms of perfect and imperfect competitive markets.
Prior learning requirements
It is assumed that the learner has the following knowledge and skills:
- Communication at NQF Level 3.
Unit standard range
N/A
Course Outcomes
- Analyse the factors that influence economic activity.
- Analyse the interaction of demand and supply in price determination.
- Describe the development and significance of markets
- Explain the free market system in terms of perfect and imperfect competitive markets.
Course Duration
3 days
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Who should attend
This course is aimed at those who wish to expand and improve their entrepreneurial skills.
**Quote does not include Any Exam Fees (if applicable)
IMPORTANT ACTION: Do Not Wait To Improve Your Skills. Â
BOTI also offers:
Demonstrate an understanding of an entrepreneurial profile
Apply the principles of costing and pricing to a business venture
Demonstrate the relationship of junior management to other roles
About this course
This course is not accredited. It is delivered as a professional skills programme, and delegates receive a BOTI certificate of attendance.
If you need a credit-bearing outcome for B-BBEE skills development, SETA grant or learnership purposes, please see our accredited qualifications and skills programmes, or read about BOTI accreditations.
Frequently Asked Questions
Is this course accredited?
No. This course is delivered as a practical, facilitator-led skills programme and delegates receive a BOTI certificate of attendance. If you need a credit-bearing outcome for B-BBEE skills development, SETA grant or learnership purposes, ask us about our accredited qualifications, skills programmes and unit standards.
Can this course be delivered in-house at our premises?
Yes. Every BOTI course can be delivered on-site at your offices anywhere in South Africa, or at a scheduled public venue, and can be customised to your team and industry.
How do I book or get a quote?
Use the enquiry form on this page for a tailored quote, or call 011 882 8853 / email [email protected]. The course length and next public course date are shown in the Quick Look summary.
Can this training count towards our B-BBEE scorecard?
Spend on this course still counts as skills development expenditure for B-BBEE purposes, but it does not count as accredited training spend, and the Codes limit how much non-accredited training can contribute. Please confirm the treatment with your skills development facilitator or B-BBEE verification agency.
Do you tailor the training to our industry?
Yes. Our training is built around your business, using practical, real-world examples relevant to your team and sector.