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Gold and All' has a statement that says; We pledge to provide only the best quality products available to us and provide this to our

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Gold and All' has a statement that says; "We pledge to provide only the best quality products available to us and provide this to our loyal customers at the best possible price'. 'Gold and All' has a small shop located on the mine that sells sub-standard products at a reasonable price to customers who walk-in. This shop is run strictly on a cash basis and no recourse can be taken if unsatisfied with the product. 'Gold and All' has many contract buyers that purchase a set amount of unprocessed and processed gold. This is handled by the head office as large sums of money are paid for the gold. In the gold industry, there are many legislative factors that have to be complied with such as BEE and safety regulations. 2.1 Given the above scenario, identify the various business environments that have an effect on the operations of Gold and All' and give a brief description of each. (27) Secondly, explain or discuss in a practical way how these environments affect the business. (6) 2.2

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