Outline four merits of a short chain of distribution. (Answered)
State four features of monopoly market. (Answered)
Outline four measures that can be used that can be used to stimulate employment in rural areas. (Answered)
State four features of bonded warehouse. (Answered)
Outline four factors which affect the circular flow of income. (Answered)
State four disadvantages of face to face communication in business. (Answered)
State four government initiated methods of protecting consumers from unscrupulous traders. (Answered)
Distinguish between derived and joint demand. (Answered)
Highlight four essential features of any market. (Answered)
State the principle of insurance to which each of the following statement relate.
a) Restoring the insured to the financial position he/she was in just before the risk occurred
b) A person can only insure property whose destruction would result
to a financial loss to him/her
c) Whatever remains of the property of insured after the insured has been compensated becomes the property of the insurer.
(Answered)
Outline four factors that influence choice of appropriate means of transport. (Answered)
State four characteristics of chain stores type of retail business. (Answered)
Highlight four disadvantages of operating a kiosk business. (Answered)
State four ways of reproducing documents in an office. (Answered)
Outline four characteristics of good business opportunity. (Answered)
Explain the meaning of the following characteristic of human wants.
a) Human wants are unlimited
b) Human wants are universal (Answered)
Distinguish between the division of labour and specialization. (Answered)
State three examples of each of the following resources
-renewable resources
-non-renewable resources (Answered)
State whether each of the following factors falls under the internal or external business environment.
a) suppliers
b) facilities
c) business culture
d)Cultural environment (Answered)
Explain the meaning of the following terms as used in business unit.
i) Unlimited liability
ii) Limited liability (Answered)
State four reasons for popularity of “bodaboda” as means of transport. (Answered)
State four disadvantages of using credit cards when paying for goods. (Answered)
State four reasons why government issues licenses to business in the country. (Answered)
State four features of a supermarket. (Answered)
State four benefits of locating a business close to where others are located. (Answered)
Personal selling is an important tool of product promotion. State five circumstances under which personal selling would be effective. (Answered)
State four ways in which office documents can be reproduced. (Answered)
State four features of monopolistic completion. (Answered)
Classify the following items as either basic or secondary wants.
i) Drinking water
ii) Shoes
iii) Education
iv) Entertainment (Answered)
State four difficulties faced in satisfaction of human wants. (Answered)
State four reasons that may limit the use of modern technology in business. (Answered)
Give reasons to justify existence of small firms in economy. (Answered)
The economy of the country has grown at the rate of 10% per annum for the last three years. However , the standard of living among citizens has not changed. Outline four reasons that may account for this trend. (Answered)
State the type of insurance policies as explained by the following statements.
a) It covers employees who may suffer injuries while on official duty
b) Protect one from dishonest employees
c) Covers losses caused by vehicles to other people, other property and other vehicles
d) Covers ship against loss or damage while at sea (Answered)
Under what circumstances would a trader prefer to use cash as a means of payment rather than a cheque. (Answered)
Outline four roles of good filling system. (Answered)
Outline four methods that can be used to solve unemployment problem in Kenya. (Answered)
Outline four reasons why the government may use regulatory measures to protect consumers exploitation. (Answered)
Mention four roles of Nairobi stock exchange. (Answered)
State four reasons why a trader needs a business plan. (Answered)
State four characteristics of services. (Answered)
Outline four reasons that can lead to dissolution of sole proprietorship. (Answered)
Outline five differences between a public limited company and a public corporation (Answered)
An entrepreneur may spot a gap in the market which may be converted into a business idea
Identify four such gaps (Answered)
Airtel mobile company is running “Angulia million promotion”. Highlight four benefits of this method of advertising (Answered)
Give four situations under which insurance policy may be terminated (Answered)
Outline five positive implications of high population growth rate in the country (Answered)
Outline four characteristics of oligopoly market (Answered)
The following information relates to Buda traders
Capital on 1st jan 2015 sh 700000
Drawing during the year sh 80000
Investments during the year sh 460 000
Capital on 31 st December 2015 sh. 900000
Required: determine the net profit or net loss of the business (Answered)
Highlight four limitations of consumer initiated methods of consumer protection. (Answered)