Day: December 9, 2020

Arguments for state ownership of business undertakings. They promote general welfare of the public by providing social goods such as medical facilities, sewerage, etc Avoid wastage and inefficiency since some establishments are nationalised to avoid duplication. They encourage private investment Read More …

Reasons that may lead to dissolution of partnership. Completion of the intended purpose Loss of one partners Request of dissolution by one partner A change in the country’s law disqualifying the business A court order Insolvency of the business.

Role of marketing boards. Buying and selling produce at fair prices Control of production Collection of produce and transportation Storage of produce Financing functions Research and advisory services Advise the government on matters related to the produce they handle Promote Read More …

How Central Bank limits credit creation of Commercial Banks. Open market operations Bank Rate Policy Margin Requirement Selective Credit Control Rationing of Credit. Direct Action, Moral persuasion and publicity.

Services rendered by wholesalers to growers, producers & manufacturers. Market to purchase all their products, providing warehousing in preparation for subsequent distribution to retailers. Provision of transport services: often packing for despatches of the goods:  prompt settlement:  display and advertising Read More …

Benefits that Kenya reaps from COMESA. High quality products Fairly priced products Wide variety of products Access to a wider market. Wider consumer choices International peace and understanding.

Factors to consider when choosing the best medium for advertising. The ‘reach’ of the media ie the proportion of the target audience that can be contacted. The relative cost per unit cost should be low The impact of the media Read More …

Problems facing small scale industry. Lack of sufficient capital Lack of proper market information Poor management due to low education levels Lack of credit facilities due to lack of proper securities Poor financial control since most owners do not know Read More …

Circumstances when a businessman would communicate to customers with letters than telephone. When permanent records for future reference are required When communication needs to be highly confidential When communication need to reach many people at a time when he/ she needs Read More …

Why a businessman would choose to operate a current account Excellent means of settlement of accounts speedily and economically avoiding the use of the legal tender Can be used for direct receipt of, regular, sums by direct credit instead of Read More …