Day: December 10, 2020

Balance of trade : The difference between the values of visible exports and visible imports of a country over a given period  ( 2mks) Balance of payments : The difference between the record  of a country’s visible and invisible exports Read More …

A necessary aspect of planning A tool for correcting development plans that are not feasible A standard measure of government performances Forces the government to prioritise its projects and plans Reflects government monetary policies used to control the supply of Read More …

Availability of spare parts Guarantee- repair of the articles for a specific period of time after purchase Technical advise to the consumer on the use of items Helping to install machinery or equipment Servicing of goods from time to time Read More …

Easy handling of goods – containers are designed to enable use of machinery Less damage to goods Safety – They are sealed until they reach the importers Low premium insurance costs, this results due to less risks Use of specially Read More …

Simplicity Compactness Accessibility Safety Elasticity/ flexibility/ Expansion Cross reference Economy

Breaking of bulk Offers a variety of  goods Price stabilisation Advertising creates awareness Steady supply – (storage) After sales services

Problems associated with public corporations Poor services and low quality goods due to absence of competition Wastes are encouraged since losses are financed by tax payers. Poor bad business decisions are likely to be made due to political motives Where Read More …

Role of consumer co-operatives. Provide members with goods and services at fair prices and of good quality Protect members against exploitation, inefficient and dishonest trade practices by individual retailers Provide channel through which ideas regarding quality and use of products Read More …

Containerization refers to the packing of the cargo in standardised containers which are sealed by the  exporter or his agent.  The sealed containers are loaded on to the  ship and delivered to the importer sealed.   Benefits: Takes little space Read More …

Advertising media The press Radio Television Outdoor publicity Window display Fair and exhibitions