Function of commercial Banks Receiving deposits Advancing loans Transferring money Agents of the stock exchange market Custodian of valuable items
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Day: December 9, 2020
Opportunities exist for purchasing of necessary durable goods by installment. a) Describe two methods commonly used for this purpose. 4mks b) Mention three advantages of each to: i) The manufacturers 6mks ii) The consumer 6mks c) Give any two differences of the two methods.
Methods of buying goods in instalment. – Hire purchase – A system where the buyer agrees to pay for the commodity in instalments. The buyer obtains the possession of the article on the down payment (deposit) but the title Read More …
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Clearly define the term sales promotion. Discuss the importance of Trade Fairs as part of sales promotion.
Sales promotion: refers to the process whereby the demand for the products of a business enterprise is created in an attempt to increase sales. It has to do with informing the consumers about the existence of a particular product, its Read More …
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What do you understand by economies to scale. Discuss any four internal economies of scale
Economies of scale refers to the benefits that a firm enjoys due to expanding its scale of production. Internal economies Administration: When a firm expands, its administrative expenses are distributed over greater output and the per unit cost decreases. Financial: Read More …
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Discuss the main sources of capital to small scale enterprises.
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 …
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Explain any five methods that the Kenyan government may adopt in order to control the volume of imports.
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 …
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