Qualities of Sales Executives. Attractive personality Ability to assess the customers Politeness and courtesy Thorough knowledge of the product Aggressiveness Confidence.
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Month: December 2020
Explain any five types of wholesalers who may be found in our country today.
Types of wholesalers who may be found in our country today. National wholesalers – set up by government to distribute a specified product in the country. Have branches all over the country e.g K.M.T.C. Regional wholesalers: Cover a given region Read More …
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Discuss the factors that should be considered in choosing a channel of distribution for any particular product.
Factors considered in choosing a channel of distribution for any particular product. Nature of goods: Technical, Industrial, Perishable or goods that require servicing and installation should be sold directly to ultimate consumers or through retailers. Marketing costs: Goods that require special Read More …
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Identify three reasons that can lead to dissolution of partnership.
Reasons for dissolution. Completion of the intended purpose or period agreed upon Loss of one partner Request of dissolution by one partner A change in the country’s law disqualifying the business. A court order. Inability of the business to meet Read More …
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Give any four reasons why the government would need to train businessmen.
Why businessmen need to be trained. Expose them to modern development and management Import efficient business operating methods Identify problems facing businesses and look for solutions Import proper business ethics and good customer relations Educate them on how to utilize Read More …
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Functions of money
Medium of exchange Standard measure of value Store of value Unit of account Standard of deferred payment.
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Importance of a balance sheet.
Helps the shareholders to know whether the business is in a position to meet its claims Helps the investor to determine whether their funds are invested wisely Helps to compare the performance of the business with that of previous years Read More …
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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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