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Commerce (Buss 201) Question Paper

Commerce (Buss 201)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME : 2 HOURS

Instruction:
Answer any three questions.
Question One
Discuss the importance of business activities in the economic development of the country. (20mks)

Question Two
Discuss the four factors of production. (20mks)

Question Three
Differentiate between sole proprietorship and partnership. (20mks)

Question Four
Why should the government be involved in the various business activities in the country. (20mks)

Question Five
Explain the importance of each of the following aids to trade:-
Insurance
Transportation
Advertising
Warehousing.
(20mks)

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