Trần Thị Duy - 2000003658 - 20DTA3A - TATM Tiền Trung Cấp
Trần Thị Duy - 2000003658 - 20DTA3A - TATM Tiền Trung Cấp
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His friend did not want to take a bath and wondered why no one had invented way to avoid showering. A
few years later, Marishane created the Dry Bath Gel. The waterless shower product saves time. It also helps
those who do not have water.
Marishane wrote a business plan in his last year of high school. “I would have to use the local computer
café," he says. It cost about $2 an hour to use the Internet. Marishane says, "My allowance was $5, that was
my pocket money and lunch money.”
He sent the plan to 80 possible investors. However, Marishane says none were willing to take a risk. He
was a young inventor with a product that they thought would mostly help the poor.
Marishane says, “I looked at different sources. The different banking loans and the different development
loans that government had made available in South Africa." He says that it was hard to get a loan.
Marishane also says, "At the same time, my business, it wasn’t a bankable idea." So he entered his product
into competitions. Marishane slowly gained money to develop his business.
Education Is Key
Today, his company claims to have provided almost 446,000 products. The company says that it has saved
over 35.6 million liters (9 million gallons) of water. That savings is important because South Africa has a
water crisis.
Marishane says education is one of the biggest advantages in starting a business. Jason Basel of Àkro
Organization agrees. His company helps young people start businesses. Basel says, “Entrepreneurship and
education, that’s how you solve unemployment. Full stop, there are no two ways about it."
Many of South Africa's youth dream of starting businesses. There is no lack of talent. What the country
needs are services to help make those dreams come true.
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Parker, Gillian, Voice of America (Ed. Newsela staff). "Entrepreneurship Seen as Solution to S. Africa's
Unemployment Crisis." 22 May 2014. Web: http://www.voanews.com/content/entrepreneurship-seen-as-a-
solution-to-south-africas-unemployment-crisis/1920230.html
11. When this article was published, unemployment in South Africa was 25.2%. What was it in the
previous year? (5 pts.)
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12. How many people did Ludwick Marishane contact with the idea for his waterless shower? (5 pts.)
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13. According to Jason Basel, what is the key to starting a new business? (5 pts.)
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14. Put the following events in order from first to last: (15 pts.)
a. Marishane wrote a business plan at a local Internet café.
b. Marishane entered DryBath Gel into competitions.
c. Marishane got the idea for DryBath Gel.
d. Marishane was unsuccessful at getting a bank loan.
The correct order is: a, c, b, d OR d, c, a, b OR c, d, a, b OR c, a, d, b?
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2.2. Answer the questions below using your own words. (30 pts.)
25. What are the five factors of production? Which ones seem to be the most important for creating wealth?
(10pts)
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26. What are some of the advantages of working for others? (10pts)
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27. What benefits do you lose as an entrepreneur, and what do you gain? (10pts)
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- THIS IS THE END OF THE TEST -
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