Explain 5 factors to be considered when selecting a means of communication (10mks)
Explain five features of economic resources (10mks)
Explain the procedure for making an insurance claim
Explain five circumstances under which containerization may be used to transport goods (10mks)
Factors considered when choosing a means of transport.
Qualities of a successful sales person
Effects of ageing population.
Circumstances in which a cheque may be used as a means of payment.
External factors that may negatively influence the operations of a business.
Advantages of systematic arrangement of goods in a warehouse.
Diseconomies of scale
Types of information that a manager may communicate to the juniors
Circumstances in which the government may be involved in business activities.
Problems faced by consumers as they try to satisfy human wants.
Circumstances when a manufacturer may prefer selling directly to consumers.
Reasons for taking endowment policy.
Features of oligopoly
Effects of excess demand and excess supply on market pricesWhere;
Dd – Demand curve
Ss – Supply curve.
Qpe – Equilibrium price.
P2 – Price below equilibrium
P1 – Price above equilibrium.
Principles that distinguish cooperative societies from other forms of business organizations.
Importance of business plan.
Ways in which a good filing system may facilitate the operations in an office.
Ways of reducing unemployment in Kenya