Day: December 9, 2020

Factors to consider when choosing means of communication. Speed: When the message is urgent, telex, telephone or telegram is the best Cost: Refers to expenses incurred in sending a message.  Generally, the letter is cheaper to send messages. Confidentiality: The Read More …

Factors that influence the demand for a particular good or service. Own price of the commodity Price of related goods ie substitutes and complements Income levels of consumers Tastes, fashions and preferences Weather conditions eg demand for umbrellas and gumboots Read More …

Functions of the accounts department in any business enterprise. Maintain the accounting records Prepare and send invoices to the customers Prepare the budget and plan the activities of the organisation Receive money and make payments on behalf of the organisation Read More …

Problems that a Kenya experiences due to concentration of industries in the urban centres.              Rural urban influx Increase in criminology Increased environmental pollution Unbalanced regional development Increase in unemployment in urban areas Development of Read More …

Role played by warehousing as an aid to trade among others. Preserves surplus, stabilizes prices and helps to save huge quantities of good which would otherwise be wasted. Goods can be prepared for sale while in the warehouse in terms Read More …

Factors that you would consider when choosing the mode of transport.        Cost freight rate:  Amount of money paid to transport companies and should be maintained at lowest levels possible. Speed and time: Time required to transport goods from source to Read More …

Factors that may influence the growth of a business unit. Availability of sufficient capital Availability of market for the product Favourable legal factors Mature of product service Minimal costs of production leading to high profits Availability of transport and communication Read More …

Problems experienced by cooperative societies.                  Limited supply of goods and services since they concentrate on pure or main goods for export Managerial problems due to inefficient committees, who lack appropriate education and relevant experience. Financial problems due to embezzlement of Read More …

Role played by the Jua Kali sector in the development of Kenya today Source of income to individuals Source of employment both to owners and others Provide market for raw materials produced in rural areas. Earns foreign exchange eg curios Read More …

Demerits of barter trade. Lack of double coincidence of wants Lack of standard measure of value Indivisibility of some products Bulkiness of some products Lack of storage facilities.