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Outline four ways in which commerce satisfies human wants

24/10/2019

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​Outline four ways in which commerce satisfies human wants (4mks)

  1. There is exchange hence one is able to acquire what they do not have i.e. Possession utility
  2. Goods are stored until when needed through warehousing hence time utility is created
  3. Goods are taken to where required through transportation hence place utility is created
  4. Through the process of production goods are converted to the right form in which the consumers can use them to satisfy his wants hence form utility is created.

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Introduction To Business Studies
KCSE 1995
KCSE 1996
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KCSE 1998
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KCSE 2005
PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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State whether each of the following activities would satisfy basic or secondary needs

24/10/2019

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​State whether each of the following activities would satisfy basic or secondary needs. (4mks)

Activities                                                                           Basic / Secondary
a) Buying clothes for the family
b) Transporting farm produce
c) Providing food for school children
d) Entertaining a guest

STATE WHETHER EACH OF THE FOLLOWING ACTIVITIES WOULD SATISFY BASIC OR SECONDARY NEEDS
EXPECTED RESPONSE:
a) Buying clothes for the family      BASIC
b) Transporting farm produce          SECONDARY
c) Providing food for school children    BASIC
d) Entertaining a guest           SECONDARY

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PAPER 1
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PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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​State four reasons why a government may decide to control the exploitation of its natural resources

24/10/2019

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​State four reasons why a government may decide to control the exploitation of its natural resources. (4mks)

  1. Reasons prevent misuse of resources
  2. To protect environmental degradation
  3. To conserve resources
  4. To control production activities which require natural resources
  5. Promote tourism
​STATE FOUR REASONS WHY A GOVERNMENT MAY DECIDE TO CONTROL THE EXPLOITATION OF ITS NATURAL RESOURCES

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KCSE 2004
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PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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​outline three characteristics of basic human wants

23/10/2019

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​outline three characteristics of basic human wants. (3mks)

  • They are essential for survival
    humans need basic wants in order to survives. Resources such as air and water are very critical for survival.
  • Insatiable
    ​human wants are endless (each cannot be satisfied once and for all) and they are also unlimited in number (satisfying one requires the other.)
  • Competitive
    the unlimited human wants are to be satisfied using limited human wants. This necessitates choice of the wants to satisfy and those to forego;
  • They are recurrent
    Satisfaction levels vary in time such that a need that has been fully satisfied in one point of time requires satisfaction in another point. Several hours after eating to the full, one feels hunger again.
  • Varied intensity and urgency
    the intensity of need is different for different people and also in different time, gender, age, season, location and culture.
  • Require resources
    it takes resources to satisfy human wants. Resources are always much less than the wants they need to satisfy;
  • Complimentary
    Satisfying some wants may create a need for another related want. For instance, acquiring a shoe may create a need for polish and socks, buying a car may require fuel.
  • Universal
    most human wants are common to all human wants, though in varying quantities and qualities;
  • Habitual
    ​Many consumers tend to develop a taste of commodities they use more frequently, especially certain brands and also certain addictive commodities.
​OUTLINE THREE CHARACTERISTICS OF BASIC HUMAN WANTS
Food

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SATISFACTION OF HUMAN WANTS
THE OFFICE

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outline four measures that may be taken to conserve forests in Kenya

23/10/2019

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outline four measures that may be taken to conserve forests in Kenya (4mks)

  1. Avoiding indiscriminate felling of trees
  2. Planting more trees
  3. protecting forests areas from human settlements
  4. Developing alternative sources of energy to reduce reliance as wood fuel
  5. Educate the public the importance of forest conservation/initiate public awareness programs to sensitize the public on the need to conserve trees.
  6. introduction of maturing trees with short growing periods of time
  7. There should be legislation to control tree harvesting of trees
  8. The Government should create a department to deal with conservation and management  of forests (Tree Belt Movements)
  9. Forest research station should be established to conduct research on new tree species  and diseases affecting trees.
  10. Kenyans should be encouraged to use alternative sources of energy other than wood  and recycling of waste paper
  11. Forests should be protected from natural hazards/fires through the use of guards
OUTLINE FOUR MEASURES THAT MAY BE TAKEN TO CONSERVE FORESTS IN KENYA
Forest

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FORM 1
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Introduction To Business Studies
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PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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​State four ways in which natural resources may be of benefit to a country

23/10/2019

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​State four ways in which natural resources may be of benefit to a country. (4mks)

  1. Their exploitation creates employment
  2. Provides raw materials for industries
  3. They are sued to generate income for a country/ foreign income
  4. They are basic factors for sustenance of a life e.g. irrigation schemes
  5. Provides means of transport
​STATE FOUR WAYS IN WHICH NATURAL RESOURCES MAY BE OF BENEFIT TO A COUNTRY
Mining site

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DEMAND AND SUPPLY
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Introduction To Business Studies
KCSE 1995
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PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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Give four reasons why a consumer should satisfy basic wants before secondary wants

23/10/2019

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​Give four reasons why a consumer should satisfy basic wants before secondary wants. (4mks)

  1. They are essential for survival
  2. The consumer has limited sources
  3. They cannot be postponed
  4. They are self needs

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DEMAND AND SUPPLY
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Introduction To Business Studies
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PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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​Kenya relies heavily on oil as a source of energy. State four reasons why the country should develop alternative sources of energy

23/10/2019

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​Kenya relies heavily on oil as a source of energy. State four reasons why the country should develop alternative sources of energy. (4mks)

  1. Fluctuating oil prices
  2. No oil in Kenya/ reduce importation
  3. Availability of cheaper energy
  4. Reduce pollution/ environmental friendly
  5. High cost of production of fuel
​KENYA RELIES HEAVILY ON OIL AS A SOURCE OF ENERGY. STATE FOUR REASONS WHY THE COUNTRY SHOULD DEVELOP ALTERNATIVE SOURCES OF ENERGY
Windmill

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DEMAND AND SUPPLY
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Introduction To Business Studies
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PAPER 1
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SATISFACTION OF HUMAN WANTS
THE OFFICE

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​State four reasons why consumers have to make a choice between competing needs

23/10/2019

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​State four reasons why consumers have to make a choice between competing needs. (4mks)

  1. Unlimited needs/wide variety
  2. Different tastes/ preferences/ fashion
  3. Difference prices of goods
  4. Government policy on goods
  5. Limited sources
​STATE FOUR REASONS WHY CONSUMERS HAVE TO MAKE A CHOICE BETWEEN COMPETING NEEDS
Fruit stall

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DEMAND AND SUPPLY
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Introduction To Business Studies
KCSE 1995
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KCSE 1998
KCSE 1999
PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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​highlight four disadvantages of mining as an economic activity

23/10/2019

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​highlight four disadvantages of mining as an economic activity (4mks)

  • It may lead to pollution
  • May endanger lives due to landslides
  • Over reliance on mining may lead the country into economic problems
  • When price fluctuate 
  • Mines get exhausted
​HIGHLIGHT FOUR DISADVANTAGES OF MINING AS AN ECONOMIC ACTIVITY
Mining site

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DEMAND AND SUPPLY
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Introduction To Business Studies
KCSE 1995
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KCSE 1998
KCSE 1999
KCSE 2002
PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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​State three basic wants that individuals in a society have

23/10/2019

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​State three basic wants that individuals in a society have (3mks)

  1. Food
    any nutritious substance that people or animals eat or drink or that plants absorb in order to maintain life and growth.
  2. Clothing
    Garments/ what people wear
  3. Shelter
    housing/ a place giving temporary protection from bad weather or danger
​STATE THREE BASIC WANTS THAT INDIVIDUALS IN A SOCIETY HAVE
Housing

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PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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Classify each of the following goods as either producer or consumer

9/9/2019

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​Classify each of the following goods as either producer or consumer (3mks)

Good

Classification

a)

Factory

b)

privates car

c)

Iron ore

d)

Tools 

e)

Exercise books

f)

Clothing

Good

Classification

a)

Factory producer

b)

privates car consumer

c)

Iron ore producer

d)

Tools  producer

e)

Exercise books consumer

f)

Clothing consumer

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DEMAND AND SUPPLY
FORM 1
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KCSE 1995
PRODUCTION
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SATISFACTION OF HUMAN WANTS
THE OFFICE

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Highlight four ways in which business studies is useful to a community

8/9/2019

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Highlight four ways in which business studies is useful to a community

Highlight four ways in which business studies is useful to a community
  • Enable trade to take place
  • Bridges the gap between the producer and consumer through transport
  • Informs consumers about good and services available i.e. where they can be found, their prices and uses etc.
  • Provide storage facilities/ warehouse
  • Provides safe places for keeping money, opportunity for borrowing banking
  • Protects trade against risk though insurance

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DEMAND AND SUPPLY
FORM 1
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Introduction To Business Studies
KCSE 1995
KCSE 1996
PAPER 1
PRODUCTION
PUBLIC REVENUE
SATISFACTION OF HUMAN WANTS
THE OFFICE

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Explain five characteristics of labour as a factor of production

29/4/2019

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PREVIOUSLY: OUTLINE FOUR CHARACTERISTICS OF FREE RESOURCES.

EXPLAIN FIVE CHARACTERISTICS OF LABOUR AS A FACTOR OF PRODUCTION

1. ​It is a basic factor of production

Alongside land and Capital, Labour is a primary factor in the cycle of production. Without labour, there will be no production

2. It cannot be stored if a labourer is idle- his/her effort is wasted i.e. labour is perishable

​Labour is more perishable than other factors of production. It means labour cannot be stored. The labour of an unemployed worker is lost forever for that day when he does not work.

3. Labour can not be separated from the labourer. That is the Labourer must be present to deliver services.

​Labour and labourer are indispensable for each other. For example—It is not possible to bring the ability of a teacher to teach in the school, leaving the teacher at home.

4. Labourer sells their labour and not themselves.

​Wage labour is the mode of production in which the labourer sells their capacity to work as a commodity. The capitalist who buys the labour power, and pays for it at its value, own the labour process and the product of labour, and can sell the product in order to realise a profit.

5. If it is human wish ability to think and capacity to get annoyed.

Labour is dependent on skills, experience, emotions and character. It's not easy to attain consistency in labour and always vary from one person to another.

6. Labour is mobile, that is labour can move from place to place

Labour mobility consists of changes in the location of workers both across physical space (geographic mobility) and across a set of jobs (occupational mobility).
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​Challenges faced in satisfaction of human wants.

23/4/2019

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PREVIOUSLY: ​HIGHLIGHT FIVE CIRCUMSTANCES UNDER WHICH AN OFFICE MANAGER MAY REPLACE AN EXISTING MACHINE WITH A MODERN ONE.

​Challenges faced in satisfaction of human wants.

1. They are unlimited/many

Human needs are never restricted, they are infinite and keeps on changing because of various factors.
For example:- a human can be satisfied by buying a certain car, but upon looking at a different and better car, his needs change and becomes dissatisfied again.
​CHALLENGES FACED IN SATISFACTION OF HUMAN WANTS.
Shoes for sale in a display

2. Scarce resources to satisfy them

The resources are scarce to afford all that humans need. We may sometimes demand what is more expensive than what we have to acquire it. This reduces our ability to acquire it.
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3. are recurrent/felt again and again

Human needs keeps on repeating or they are periodic, we may need the same item we needed yesterday and tomorrow we may need it again.

4. some are complimentary

Some human needs are acquired free of charge, such as water, air and gifts

5. change with time age and gender

Human wants change with age, time and gender. Example; during cold seasons, people buy more coffee than Ice cream vis a vis, during holidays people buy more cosmetics than books as compared to during school opening days when people flock to bookshops and stores.
next: ​Outline  four characteristics of free resources.
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