Remittance services offered by the post office. Postal order Money order Telegraphic money order Registered mail Cheque.
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Day: December 10, 2020
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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