Day: December 10, 2020

Higher production leading to low cost of goods per unit thus higher profits Large market due to lower prices and no competition Reduced competition increases sales Advantages of specialisation Better management as a result of combined pool of specialist / Read More …

Incase of the  essential goods that must be consumed Ostentatious goods that must be consumed Luxurious goods like cars Inferior goods i.e goods for the poor Geffen goods e.g bread

Immediate feedback Leaves no room for alteration /misinterpretation of the message Creates a personal touch or healthy relationship between the interviewer and the interviewee. Saves time since information is passed on and a response to it received instantly enabling a Read More …

Profits in sole proprietorship aren’t shared In sole proprietorship there is personal contact with customers unlike in joint stock companies Formation procedure is easier in single owned business than joint stock companies Decision making in single owned business are easier Read More …

Must have utility Should be scarce Must have money value Should be transferable

Ensure goods are of good quality Ensure the right quantity and size Ensure health standards are met Ensure safety standards are met Ensure fair pricing Protect them against breach of contract Protect from false advertising

Open market operation Bank rate method Margin requirement Selective credit Reserve requirements

Marketing of securities which facilitate flow of new capital into the industry. Protect investors by maintaining rules and discipline of the brokers. Advise and guide companies seeking capital Publishes information regarding prices of securities Transfer the title to any quoted Read More …

Encourages single sided development since industries with comparative advantage  develops to the neglect of others Substandard and harmful products may be produced and traded leading to dilution of social welfare Dumping is encouraged which discourages development of local industries May lead Read More …

Show room sales Display of goods in a room attendants Provision of detailed information about the products Trade fairs and exhibitions Manufacturers / Agriculturist stalls ( outlets) Visiting customers in homes or towns (e.g insurance) Posting sales girls / boys Read More …