Month: December 2020

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 …

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 …