Search for Kenyan markets abroad Inform businesses abroad of Kenyan goods Negotiate to expand Kenyan Market abroad Liase with the ministry of Commerce to educate Kenyan producers/manufactures.
Day: December 9, 2020
International trade improves the economic welfare of a country. The recent opening of the East African co-operation seeks to diversify International trade. Highlight four factors that may hinder this good intention.
Some countries may feel they aren’t benefiting much Political differences Instability in neighbouring countries Influx of refugees Different currencies used.
Mention four of the contents in articles of association.
Classes and rights of shareholders. Issue and transfer of shares How alterations in the capital could be treated General meeting procedures & sorting rights Qualifications , Duties , and powers of directors Auditing of books Borrowing , dividends and reserve Read More …
Give four advantages of personal selling as a means of sales promotion.
Personal contact with the customers Immediate feedback on customers feelings about a certain product Salesman goes to the particular group targeted. Salesman can persuade and convince people to buy.
Give four reasons why people prefer using a cheque to cash when effecting payment.
Cheque is more secure than cash It also acts as evidence of payment Its convenient instead carrying large sums of money Saves ones time as they may not have to go withdraw money to make payment
Mention four reasons to justify that the Central Bank is not a Commercial Bank.
Does not rent money to individuals Doesn’t receive deposits from individuals neither does it run accounts for individuals. Not an agent to the stock exchange Does not discount bills of exchange Doesn’t offer money transfer services for individuals.
Name four documents used in home trade.
Letter of inquiry Catalogue Proforma Invoice Delivery note Promising note Credit note Debit note
Give four reasons why an office may prefer storing information in Micro-films instead of files.
They are more confidential than files More durable compared to files They take less space Easy to move about and convenient to carry.
Mention four types of wholesalers.
Truck wholesalers Regional wholesalers General wholesalers Specialized wholesalers Nationwide wholesalers Cash and carry wholesalers