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
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Day: December 9, 2020
“The office performs a fundamental role in any business organisation.” Account for this statement.
Functions of an office Collecting and recording information Distributing information Mailing Reproduction of documents Storing information Safeguarding an organisations property
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Write short notes on the following types of partners. 4mks a) Active Partners b) Minor partners c) Quasi partner d) Outgoing partner
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 …
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Outline any four methods of determining prices in the market.
Methods of price determination. Haggling ie bargaining over a price range Auction Price mechanism Government policy
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Highlight any four methods that the government can use to influence the quantity of a commodity supplied.
Methods used by government to influence supply. Taxes Subsidies Price control Production quotas Creation of monopolies through licencing
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Highlight any four reasons why most businessmen do not prefer transferring their goods via canals.
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 …
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