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​Outline four emerging issues in office management

19/3/2021

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​Outline four emerging issues in office management. (4 mks)

  1. Use of computers in data processing, storing information and for communication.
  2. Adopting of open or landscape office layouts.
  3. The development of customer care departments in organizations to ensure customer satisfaction.
  4. Provision of cell phone to employees to ensure that they carryout office activities even while away from working stations.
  5. Traditional procedures and routines are becoming outdated and employees in management does work that could have otherwise have been done by clerks and typist.
  6. Identification badges
  7. CCTV security systems

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Kenya is planning to extend her pipeline transport. State four advantages of pipeline transport to the country

19/3/2021

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​Kenya is planning to extend her pipeline transport. State four advantages of pipeline transport to the country. (4 mks)

  1. It is economically in labour /  requires minimal manpower.
  2. Environmentally friendly since it is free of noise and smoke.
  3. Allows for continuous flow of goods being transported.
  4. Pipeline can be constructed even where it is difficult to construct roads such as rugged terrains.
  5. Has reduced damage on roads by tankers.
  6. Reduced delay occasioned by congestion on roads due to tankers
  7. Maintenance costs are low since it relies on gravitational force and booster stations.
  8. Not affected by adverse weather conditions.
  9. Has helped to reduce accidents caused by tankers on roads.
​Kenya is planning to extend her pipeline transport. State four advantages of pipeline transport to the country

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Highlight four ways through which one can convey verbal communication

19/3/2021

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Highlight four ways through which one can convey verbal communication.(4 mks)

  1. When the sender wants to convince and persuade the recipient.
  2. When distance between the sender and the recipient is not long.
  3. When the message is to be delivered accurately.
  4. When immediate feedback is required.
  5. When the message to be communicated is confidential.
  6. Where the message is urgent and required quick communication.
Highlight four ways through which one can convey verbal communication

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​The following information was extracted from the books of Dawida business enterprise for the year ended 30th June 2000.

19/3/2021

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​The following information was extracted from the books of Dawida business enterprise for the year ended 30th June 2000.

  • Capital as at 30th June, 2000 640,000
  • Capital as at 1st July 1999 420,000
  • Drawing for the year 180,000
  • Net profit for the year 140,000
Determine the additional capital during the year. (4 mks)
  • Additional capital = closing capital – opening capital – profit + drawings
    • I = 640,000 – 420,000 – 140,000 + 180,000
    • I =  640,000 – 560,000 + 180,000
    • I = 640,000 + 180,000 – 560,000
    • I = 820,000 – 560,000
    • I = 260,000
  • Additional capital = 260,000/=

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​Highlight four ways in which entrepreneurs can observe ethics in the management of their business

19/3/2021

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​Highlight four ways in which entrepreneurs can observe ethics in the management of their business. (4 mks)

  1. By having zero tolerance to corruption in business dealings.
  2. By practicing fair business practices with competitors
  3. By providing quality goods and services
  4. By compliance with the country’s laws and regulations.
  5. By offering fair prices on goods and services to avoid consumer exploitation.
  6. By not discriminating of employees in terms of gender, religion, ethnicity and race.
  7. By eliminating use of unfair means of achieving business objectives such as boarding and selling of counterfeit goods.
Highlight four ways in which entrepreneurs can observe ethics in the management of their business

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​Highlight four factors a firm must take into account when deciding on the product(s) to produce

19/3/2021

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​Highlight four factors a firm must take into account when deciding on the product(s) to produce. (4 mks)

  1. Profitability of the venture
  2. Level of competition
  3. Availability of resources
  4. Government policy
  5. Extent of demand / market
  6. Cost of production
​Highlight four factors a firm must take into account when deciding on the product(s) to produce.

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Outline four requirements for one to start a limited liability company as one of the forms of business units

19/3/2021

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Outline four requirements for one to start a limited liability company as one of the forms of business units. (4 mks)

  1. Memorandum of Association.
  2. Article of association.
  3. List of directors (Public companies a must)
  4. Declaration of compliance (signed by at least one director)
  5. Statement of share capital showing the total amount of capital that the company wishes to raise and its division into shares.

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​Outline four importance of a warehouse to a consumer

19/3/2021

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​Outline four importance of a warehouse to a consumer. (4 mks)

  1. It facilitates steady supply of goods by storing surplus goods and releasing them during times of shortages.
  2. May help them in stabilizing prices as supply becomes continuous.
  3. Some goods when stored improve in quality to the advantage of consumer.
  4. It can create employment opportunities to consumers
  5. Enables the consumers to check on quality of goods before they buy.
​Outline four importance of a warehouse to a consumer

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​Highlight four reasons why food is an important basic need

19/3/2021

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​Highlight four reasons why food is an important basic need. (4 mks)

  1. It reduces the effects of hunger.
  2. It is a source of important minerals for body building
  3. Protects the body against diseases
  4. Provides the body with warmth.

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Introduction to Business Studies

11/11/2020

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Vertical Divider

Specific Objectives

​By the end of the topic, the learner should be able to:
  1. explain the meaning of business studies
  2. explain the importance of business studies in society.
Introduction to Business Studies

Meaning of business studies

Definition of Terms

Business

The term business refer to any activity that is carried out by an individual or organization with an aim of making a profit.

Business studies

This is the study of the activities that are carried out in and around production, distribution and consumption of goods and services.

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Reference Notes: Meaning of business studies

11/11/2020

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Introduction to business studies 

Business
The term business refers to any activity that is carried out by an individual or an organization concerning provision of goods and services with a view of making a profit.

Profit
It’s made when the activity carried out brings in more money than the amount spent.
​

Business Studies 
Business study is the study of the activities that are carried out in and around production, distribution and consumption of goods and services.
meaning of business studies

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Ethical Issues in Business

3/10/2020

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Ethical Issues in Business

Ethical Issues in Business
  1. ​Ethics -
    refers to a set of values, principles and rules of acceptable behavior which influence how individuals, groups of people and the society in general behave.
  2. Business ethics-
    refers to acceptable behavior that should be displayed by business people. Business ethics helps businesses in deciding what actions are right or wrong depending on circumstances.
  3. Ethical issues-
    ​are the moral concerns that arise in the course of carrying out business.

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Causes of Business success

3/10/2020

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Causes of Business success

​A business is considered as being successful if it makes consistent profit and experiences progressive growth in the scale of its operations.
Causes of Business success

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Factors that influence entrepreneurship practices

3/10/2020

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What are the factors that influence entrepreneurship practices?

Factors that influence entrepreneurship practices
There are many conditions or factors which may encourage or discourage entrepreneurship. Some of these factors are:
  1. Government policy- 
    Some government policies are favourable to the operations of the business and thus encourage people to go into business while other policies may be unfavourable and will discourage people from going into business. E.g. higher taxes are unfavourable hence discouraging.
  2. Infrastructure- 
    infrastructure includes transport and communication networks, water, security etc. Availability of good infrastructure in an area tends to encourage people to set up businesses while poor infrastructure tends to discourage them
  3. Levels of education and skills- 
    Relevant and appropriate knowledge and skills are necessary if the business has to succeed. These are acquired through education, training or experience.
  4. Availability of markets- 
    Adequate markets encourages existing entrepreneurs to continue producing and also encourage/attract new ones to venture into business.
  5. Availability of resources- 
    Appropriate resources are necessary for starting and smooth running of a business. These resources include physical, human, capital and technology.
  6. Cultural and social beliefs and attitudes-
    These are norms, values and beliefs of a given community. Culture helps determine the kind of goods and services that people consume. This in turn, dictates the type of businesses to be established in such communities. E.g. Muslims do not take pork therefore businesses selling pork will not do well in such communities.
  7. Competition-
    Businesses will do well if they are able to complete favourably. Others will avoid competition by establishing businesses where there is no competition.
  8. Political stability-
    political stability gives conducive atmosphere for businesses to start and thrive on the other hands, where there is no political instability, businesses may not do well and entrepreneurs may close down businesses or new ones may not come up.
  9. Natural factors-
    natural factors such as rainfall, temperatures, earthquakes, pests, drought etc. may influence the type of businesses that are carried out in an area, especially agricultural businesses.
  10. Presence of role models in the society-
    ​The presence of successful entrepreneurs acts as an encouragement to aspiring entrepreneurs.


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Introduction, Contents and Why you need a Business Plan

3/10/2020

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Introduction, Contents and Why you need a Business Plan

Introduction to Business Plan

Introduction, Contents and Why you need a Business Plan
What is a Business Plan?
  • ​This is a written document that highlights the objectives of the business and steps to be followed in order to achieve these objectives. It indicates where the business is, where it wants to move to, how and when.
  • A written document that outlines the future activity for an existing or proposed business venture. [Slideshare.net]
  • Is the formal written expression of the entrepreneurial vision, describing the strategy and operations of the proposed venture.  [Slideshare.net]
  • A business plan is a document that brings together the key elements of a business that include details about the products and services, the cost, sales and expected profits.  [Slideshare.net]


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    Business Studies Notes Form 1 - 4

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