Grade 7 EMS Term 3 Test 1 + Memo
About this resource
Help your Grade 7 learner prepare for their Term 3 Economic and Management Sciences (EMS) assessment with this 50-mark practice test, complete with a full memorandum. The test has a duration of 1 hour and focuses on entrepreneurship, budgeting and advertising.
The test covers:
- Entrepreneurs and entrepreneurship
- Characteristics of successful entrepreneurs
- Identifying business ideas
- Setting business goals
- Needs and wants
- Limited resources
- Primary needs
- Profit and expenses
- SWOT analysis
- Strengths, weaknesses, opportunities and threats
- Business planning
- SMARTER goals
- Budgeting
- Income and expenses
- Calculating profit
- Advertising and marketing
- The AIDA model
- Customer needs and wants
The paper includes multiple-choice, true or false, short-answer questions, calculations, budgeting and case studies, giving learners practice in applying EMS concepts to realistic business situations.
Learners work through a case study about Sarah's Crafts, where they identify business strengths, weaknesses and opportunities and calculate profit. They also complete a practical business budget for an art gallery, working with income, expenses, interest and bank balances.
The final section assesses the AIDA advertising model – Attention, Interest, Desire and Action – and its importance in effective marketing.
Total: 50 marks | Duration: 1 hour | Full memorandum included | PDF format.
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