Explain five features of oligopoly.
Features of oligopoly include:
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With the aid of a diagram, explain the effect of an increase in the supply of a commodity while its demand remains constant.
Explain four ways through which a public limited company may be dissolved.
Ways through which a public limited company may be dissolved include:
Outline six circumstances under which a trader may use air transport.
Circumstances under which a trader may use air transport:
On 1st January 2011 , Jumo Traders had shs 22,500 in cash and shs 250,000 at bank.During the month, the following transactions took place:
Prepare a duly balanced three column cash book. (10 marks)
Explain five advantages of advertising to the consumer.
Advantages of advertising to the consumer include:
The following balances were extracted from the books of Soilo Traders on 31 December 2010.21/12/2020 The following balances were extracted from the books of Soilo Traders on 31 December 2010.
Additional information:
Gross profit margin is stated at 40%. Prepare: (i) Trading, Profit and Loss Account for the year ended 3Pt December 2010. (5+ marks) (ii) Balance sheet as at 3P’ December 2010. Explain five benefits that may be realized by a country as a result of government policy to relocate industries to rural areas.
Benefits that may he realized by a country as a result of government policy to relocate industries to rural areas include:
Explain five factors that may hinder economic development in Kenya.
Factors that may hinder economic development in Kenya include:
Explain five benefits that Kenya may get as a member of C.O.M.E.S.A.
Benefits that Kenya may get as a member of COMESA include:
Outline five characteristics of an efficient tax system.
Characteristics of an efficient tax system are:
Explain five benefits that may accrue to a country with a large proportion of skilled labour force.21/12/2020 Explain five benefits that may accrue to a country with a large proportion of skilled labour force.
Benefits that may accrue to a country with a large proportion of skilled labour force Include :
Explain five circumstances in which a firm may acquire monopoly power
Circumstances in which a firm may acquire monopoly power include:
A school leaver plans to start a retail business. Explain five types of small scale retail shops the person may start.
Types of small scale retail shops that a school leaver may start include:
Describe four characteristics of services.
Characteristics of services include:
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