Day: December 9, 2020

Factor                                      Reward –  Land                                rent –  labour                              wages –  Capital                             interest –  Enterprenuership                  profit

Financial institutions providing financial services. Merchant bank Hire purchase finance companies. Building societies. Insurance companies and pension funds Post office savings bank.

Why oral communication has lost popularity. It’s expensive in long distance its not suitable for confidential messages. It’s open to exaggeration where favours are expected No record keeping making reference difficult It can be time wasting. It may be treated Read More …

Why supermarkets are popular. Offer fair prices to their customers since they buy in bulk hence get huge discounts Saves time for customers since they get what they want under roof. Employs few attendants hence operate at low cost. Impulse Read More …

Factors that promoted growth of commerce Development of money Diversification of resources Specialisation and division of labour Government involvement in trade activities Development of infrastructures Development of auxiliary

Importance of international trade Individual are able to get a variety of goods which they do not produce themselves. Encourages specialisation by countries Encourages interdependence hence international peace and understanding Encourages a country to dispose off its surplus produce Earning Read More …

Principles of insurance utmost good-faith uberimae or fidei Insurable interest Subrogation Proximate cause Indemnity Contribution/average clause Pooling risks Insurable risks

How co-operatives help Agricultural development Help farmers get better prices for their produce Assist farmers seeds free or at reduced prices Fertilisers, farming tools and implements are provided at subsidised rates Offer useful advice on farming They sometimes grant loans Read More …

Qualities of an office worker Personal attribute e.g. neatness, cleanliness. Office etiquette e.g. respect courtesy Personal knowledge and skills

Forms of after-sales services Free of charge repair for specific period of time Cleaning or servicing of the equipment at regular intervals free at very reasonable rates. Provide technical advice regarding the use of equipment if the customer has some Read More …