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Day: December 10, 2020

Assume that you want to start photocopying business in your nearest town. Cite any four factors you would consider before buying your copies.

Factors to consider when buying a copier. the cost ie both initial and operating cost availability for the intended purpose likelihood of obsolescence Room for expansion or to accommodate higher work load Availability of credit or hire purchase terms offered Read More …

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Give four reasons why an office may prefer storing information in micro-films instead of files

Advantages of micro-films. Saves space and weight since bulky files are replaced by compact carbons of films. Documents can be sent abroad more cheaply More durable compared to files Little risk of misplacing Saves filing equipment and also floor space. Read More …

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Mention any four remittance services offered by the post office.

Remittance services offered by the post office. Postal order Money order Telegraphic money order Registered mail Cheque.

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Give any four benefits that you may reap as a consumer from an advertising campaign.

Advantages of advertising to the consumer. Getting information about what is available in the market Information about price, quality, size and other features of the product. Explanations on the use and value of the product. The consumer gets to know Read More …

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Give any four reasons why most business people prefer to transport their finished products via road transport.

Why road transport is preferred. Its cheaper and faster for short distances All areas including remote areas can be accessed by road. Suitable for delivering perishable goods like vegetables Handling is minimal hence cuts down breakage and pilferage Its flexible Read More …

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Outline any four features of a fixed deposit account.

Features of a fixed deposit account. Opened for a specific period of time Opened with a specific amount for a specific period Higher interest rates are paid Used by commercial bank to advance loan to others Can be used as Read More …

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State any four sources of capital to co-operative societies.

Sources of capital to co-operative societies. Members contributions Retained profits Entrance fee deposits Credit facilities Surplus and reserves.

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Highlight four ways in which Insurance companies make profits.

How insurance companies make profits Investing their funds Differences in claims From forfeited funds by policy holders By charging those who breach the contract of the policy.

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Give any four categories of goods that are suitable for direct distribution from producers to retailers.

Goods suitable for direct distribution. Goods which require sufficient after –sales service eg electronics Goods which the manufacturer wants to exercise some control during distribution Goods with high profit margin and the retailers purchase in bulk Goods which are very Read More …

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Highlight any four benefits that accrue to a seller who uses personal selling as a method of sales promotion.

Benefits of personal selling. Creates a personal touch between the seller and the buyer The seller explains to the buyer since he/ she can ask questions regarding the products The seller gets to know how to improve the quality of Read More …

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