Month: May 2022

4.1 Introduction Materials held by the organization in its stores or otherwise constitute its stock. In the ideal would stockholding would not be necessary. Demand and supply would be synchronized and materials would flow o the point of use at Read More …

3.1 Introduction A source is a place from which something comes from or is obtained from. Sourcing is therefore a process of determination and selection of places/firms from with to acquire materials or services. 3. 2 Sourcing levels Strategic sourcing Read More …

2.0 Introduction A typical purchasing cycle consists of the following steps: 1. Recognition of the need 2. Definition and description of the need 3. Transmission of the need 4. Receipt and inspection 5. Invoice audit and completion of the order Read More …

1.1 Introduction Purchasing describes the process of buying: learning of need, locating and selecting suppliers negotiating prices and other pertinent terms, and follow up to ensure delivery. It entails the following activities: Purchase needs identification through liaison with user departments. Read More …

10.1 Definition of Economic growth is the increase of per capita gross domestic product (GDP) or other measure of aggregate income. It is often measured as the rate of change in real GDP. Economic growth refers only to the quantity Read More …

9.1 Phases of the Business Cycle Four phases of the business cycle are identified as follows A peak is when business activity reaches a temporary maximum with full employment and near-capacity output. A recession is a decline in total output, Read More …

8.1 Categories of investment Before developing any theories investment choices by people it is important to define what is meant by investment. Investment: is the formation of real capital, tangible or intangible, that will produce a stream of good and Read More …

We discuss the consumption choices of individuals .the theory of intertemporal choice was developed by irving fisher (1867-1947)the intertemporal choice theory is about individual not aggregate consumption but it does not have important implication for aggregate consumption because aggregate consumption Read More …

MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR FOURTH YEAR SECOND SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF HOTEL AND HOSPITALITY MANAGEMENT   COURSE CODE: BHM 405 COURSE TITLE: EVENTS AND CONVENTIONS MANAGEMENT DATE:22ND APRIL 2014 TIME: 9.00AM Read More …

  MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR SECOND YEAR SECOND SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF HOTEL AND HOSPITALITY MANAGEMENT   COURSE CODE: BHM 203 COURSE TITLE: FOOD AND BEVERAGE MANAGEMENT DATE: 14TH APRIL, 2014 Read More …