Day: December 10, 2020

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 …

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 …