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) Give four measures being used by the government to attract foreign investors(Answered) Outline any four reasons that account for the popularity of motor bikes as a means of transport(Answered) The following are special delivery services provided by the post office:
Post restante, speed post,business reply service and express delivery. Match each description with the term
a)The arrangement to deliver the mail of senders post office
b)The arrangement to deliver the mails to the addresses post office
c)Services offered to travelers who wish to receive correspondence while away from home(Answered) State the documents used in each of the following purposes(Answered) Highlight four ways a trader benefits from localization of industries(Answered) Highlight four circumstances under which goods may delay in the bonded warehouse(Answered) Highlight four problems faced by the government in measuring national income(Answered) Outline four ways in which nature of goods influence the channel of distribution(Answered) State four requirements necessary to secure a loan from the saccos(Answered) Explain the following in relation to bill of exchange
a)Discounting
b)Maturity date(Answered) Highlight four factors to account for the shift of a supply curve to the right(Answered) Highlight any four reasons why a trial balance may not balance(Answered) Outline four measures an entrepreneur should take to ensure a conducive internal environment for his business(Answered) State four factors that may limit an individuals ability to satisfy his/her basic wants(Answered) Outline four circumstances under which business organization would hire rather than purchase an office machine(Answered) Highlight four features of land as a factor of production(Answered) The government has been encouraging the use of local appropriate technology in the country.Outline five ways this policy may help to reduce unemployment problem in Kenya.(Answered) Explain five reasons why indirect taxes are preferred to direct taxes as a source of revenue in developing countries.(Answered) Explain five merits of globalization to the Kenyan economy.(Answered) Explain five reasons why mobile banking services are becoming increasingly popular in Kenya.(Answered) Fatuma holdings participated in Abu Dhabi international trade fair eight months ago. Over the last five months she realized that her sales volume have increased by 120%. Explain five reasons behind this trend(Answered) Outline five features that characterizes a perfectly competitive product market and explain the significance of each feature.(Answered) Explain five differences between a parastatal and a co-operative society(Answered) Explain five ways in which external business environment may negatively affect business operations.(Answered) Explain five circumstances under which firms may acquire oligopoly power(Answered) Explain five factors an entrepreneur should consider when evaluating a business opportunity.(Answered) One of the major objectives of the Kenyan government is to solve unemployment. Problem in the country.Explain five possible ways it can use to achieve this(Answered) XYZ limited intends to commit some of its funds in conducting market research. Outline four benefits it is likely to get from such venture.(Answered) Explain five methods that can be used by a country to solve the problem of deficit balance of payment.(Answered) Explain five negative effects of inflation in third world countries.(Answered) Explain five characteristics of under development as witnessed in under developed countries.(Answered) Discuss five ways in which the insurance industry enhances the growth of business enterprises in the country.(Answered) Describe five services offered by the commercial banks to theie clients(Answered) Inspite of the benefits that accrue from privatizing public coporations, the government of Kenya has not fully done it and is still retaining some of its corporations. Explain five reasons the justify that retention.(Answered) Highlight four reasons that may account for the continued use of handcarts as a mode of transport in Kenya.(Answered) Explain five sources of monopoly power(Answered) Outline five circumstances under which an organization would prefer to use letters for its official communication.(Answered) Discuss five reasons why the Kenyan government encourages the development micro-business enterprises(Answered) Explain five arguments againist protectionism in international trade(Answered) Describe five measures being put in place by the Kenya government to solve the unemployment problems(Answered) Outline five differences between commercial banks and non-financial institutions(Answered) Explain any five principles of insurance(Answered) Explain four uses of national income statistics(Answered) Explain five services offered by wholesalers to retailers(Answered) Highlight five features of a monopolistic market structure(Answered) Explain five tools that the central bank may use to control credit(Answered) The following information relates to kipture traders for the year 2016
Turn over sh 270,000
Margin 40%
Rate of turnover 6 times
Expenses sh 40,000
From the following information above, calculate;
i)Gross profit
ii) cost of goods sold
iv)Average stock(Answered) Explain five emerging issues in insurance industry.(Answered) Explain five principles of taxation(Answered) Explain five shortcomings of internet services(Answered) Discuss five factors that may influence the choice of distribution channel.(Answered) Kenya is towards implementation of vision 2030. Explain five challenges that may be faced towards realization of the dream(Answered) Explain five factors that may influence a firm’s decision on what products to produce(Answered) Explain five reasons why there is need for a healthy business environment(Answered) Explain five circumstances under which the government may find it necessary to privatize some state coporations.(Answered) Explain four problems encountered when measuring national income using output approach(Answered) Explain the meaning and significance of the following terms used in international trade.
a)Depreciation of the currency of a country:
b)Deterioration of terms of trade of a country
c)Balance of payment on current account
d)Bill of lading(Answered) Explain five differences between direct tax and indirect tax(Answered) Below shows the trends in inflation rates in a country
2013 12%
2014 18%
2015 24%
Explain five causes that would triggered the increasing inflation trends in the country(Answered) Discuss five factors that may encourage the use of pipeline as a means of transporting petroleum products in a country(Answered)