Highlight four factors which may lead to an increase in a country’s national income.

Develop bilateral and multilateral trade agreements to accord Preferential treatment to Kenyan exports.
Educating Kenyan exporters on trade regulations and practices in other countries.
Intervene on behalf of Kenyan traders in between Kenyan traders and foreign clients.
Arrange for trade fairs, shows and exhibition for Kenyan goods in foreign countries
Expand and diversity foreign markets for Kenyan goods
Inform Kenyan producers available selling opportunities in other countries.

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List four types of small-scale retail business that one can run without a shop.

31/5/2020

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Answer

small scale retail business that one can run without a shop include:

Hawking
Peddling
road side selling
Open air market trading.
Automatic vending by use of a machine
On-line selling

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Outline four features that may indicate a country’s state of underdevelopment

31/5/2020

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Answer

Features that may indicate a country’s state of underdevelopment
include:

High disparities in income distribution.
High population growth rate.
Dominance of the subsistence sector.
High levels of poverty
low levels of savings and investment.
High levels of unemployment.
Low levels of technology.
Over reliance on developed countries.
Under utilization of natural resources

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By use of the book keeping equation, determine the missing values in the table below:

30/5/2020

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Answer

The missing values ¡n the table are:

458,900
594,350
892,735
1,510,110

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Highlight four merits of using sales people to promote the sales of a particular product

30/5/2020

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Answer

Merits of using sales people to promote the sales of a particular product include:

It gives a personal touch which elicits positive response from potential clients.
It can be used to target specific groups of customers.
It is flexible since the message can be tailored to suit the needs of each client.
Allows for demonstration on product usage.
Source of immediate feedback from the buyer.
Buyer’s questions/concerns are immediately addressed
It leads to more sales since customers may be convinced persuasive salespeople.

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Complete the diagram below to illustrate the classification of trade.

30/5/2020

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Complete the diagram below to illustrate the classification of trade.

Answer

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State the circumstance under which each of the following terms of trade would be applied in foreign trade.

30/5/2020

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Franco
Ex-works
In Bond
Free Alongside Ship

Answer

Circumstances under which each of the terms of trade would be
applied in foreign trade are:

Franco: when the price quoted covers all expenses till goods reach the premises of the buyer
Ex-works: when the price quoted only covers the fraction and while they are within the manufacturer’s warehouse.
In bond: when the prices quoted covers all expenses until goods are delivered in a bonded warehouse in the country of destination.
Free alongside ship (F.A): Where the price quoted cover all expenses to the point where the goods are next to the ship.

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Outline four factors that make office managers to communicate in writing to their staff.

30/5/2020

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Factors that make office managers to communicate in writing to their staff

Answers

Factors that make office managers to communicates to their staff inwriting include:

Confidentiality. The confidentiality of the message is enhanced by
written means
Accuracy. message is delivered in its original form without
distortion.
Completeness of message. Written forms may be able to pass detailed
illustrations.
Future reference. The message may form a basis for decision making
in the future.
Reliability of the means This ¡s a trusted means of communicating
in institutions.
Economy. It is cost effective since it is affordable.
Accessibility. It ¡s easily accessible to all staff members.
Acceptability.it is the acceptable means of official communication in
institutions.

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Highlight four functions of an office in an organisation.

29/5/2020

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Functions of an office in an organisation

Functions of an office in an organization include:

An administration centre for the organization.
The communication centre for the organization.
A Centre for processing data.
Production and reproduction of documents.
management of records
Public relations centre for the organization
Safe guarding of the organization’s assets.
Personnel functions are coordinated from the office

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Outline four roles played by the Nairobi Securities Exchange in the Kenyan economy.

29/5/2020

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Roles played by the Nairobi Securities Exchange in the Kenyan economy

Answer

The roles played by the Nairobi securities exchange in the Kenyan
economy include:

A measure of the country’s economic performance as reflected in the prices of shares.
Sets the price/value of securities based on the forces of demand and supply.
Ensures safety of transactions since the financial health listed companies is usually verified.
Promotes economic growth through disinvestment and reinvestment
Promotes local ownership through sale and purchase of shares.
Provides ready market for sale and purchase shares hence improving liquidity.
Promotes saving and investment among the population

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State whether the commodity or service given in the table below would satisfY a basic humanwant or a secondary human want.

29/5/2020

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State whether the commodity or service given in the table below would satisfy a basic human want or a secondary human want.(4mks)

Marking Scheme

Class of human wants satisfied by the commodity or service given in the table:

(a) basic
(b) secondary
(c) basic
(d) basic
(e) secondary
(f) secondary
(g) basic
(h) secondary

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Highlight four factors which may lead to an increase in a country’s national income.

Answer

Outline four features of co-operative societies.

Features of co-operative societies

Answer

State the relevant books of original entry into which information extracted from the source documents given below would be recorded

Answer

Outline four factors that Chemichemi Dairies would consider when selecting a channel to distribute their fresh milk.

Answer

Highlight four functions of the Department of External Trade in the Ministry of Industry, Trade and Cooperatives.

Answer

List four types of small-scale retail business that one can run without a shop.

Answer

Outline four features that may indicate a country’s state of underdevelopment

Answer

By use of the book keeping equation, determine the missing values in the table below:

Answer

Highlight four merits of using sales people to promote the sales of a particular product

Answer

Complete the diagram below to illustrate the classification of trade.

Complete the diagram below to illustrate the classification of trade.

Answer

State the circumstance under which each of the following terms of trade would be applied in foreign trade.

Answer

Outline four factors that make office managers to communicate in writing to their staff.

Factors that make office managers to communicate in writing to their staff

Answers

Highlight four functions of an office in an organisation.

Functions of an office in an organisation

Outline four roles played by the Nairobi Securities Exchange in the Kenyan economy.

Roles played by the Nairobi Securities Exchange in the Kenyan economy

Answer

State whether the commodity or service given in the table below would satisfY a basic humanwant or a secondary human want.

Marking Scheme

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