Day: December 9, 2020

Sources of capital to small scale enterprise Personal funds / owners capital Borrowing from friends and relatives Members contribution Loan from banks and other non bank financial institutions Going public ie borrowing from the public by the use of stocks Read More …

Methods of controlling volume of imports Tariffs –  Involves levying import duty on goods that are entering a country. Quotas –   Is a quantitative restriction permitting only a given number of units of a commodity to be imported during a Read More …

Factors to consider when setting up a small scale retail shop in town. Extent of demand / market Level of competition Security level Accessibility Type of business Availability of raw materials Availability of water and power

Functions of an office Collecting and recording information Distributing information Mailing Reproduction of documents Storing information Safeguarding an organisations property

Short notes. Active partner –  One who takes an active role in the running of the partnership business Minor partner –  One who is under 18 years of age, shares profits but cant take part in management. Quasi partner –  Read More …

Methods of price determination. Haggling ie bargaining over a price range Auction Price mechanism Government policy

Methods used by government to influence supply. Taxes Subsidies Price control Production quotas Creation of monopolies through licencing

Problems of canals. Canals lack speed hence cant be used to transport perishable or urgently required goods Canals can only serve a limited area where water exists Canals may dry in drought seasons and freeze in very cold seasons Maintenance Read More …

Other methods of sales promotion Free samples Gifts After – sales service Credit facilities Price reductions

Why the government trains businessmen. Expose businessmen to modern developments in management Educate businessmen of efficient methods of operating business eg effective methods of sales promotion Identify and discuss current problems facing businesses and look for possible solution Import proper Read More …