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Business Studies Form 3 Question Paper

Business Studies Form 3

Course:Secondary Level

Exam Year:2006

Business Studies Paper One

C.A.T One Term 3

1. State five ways in which prices of goods and services are determined (5mks)

2. Give four differences between a merchant trader and a stockist distributor (8mks)

3. State five causes of unemployment in Kenya (5mks)

4. State five problems that arise due to a rapidly growing population (5mks)

5. State four disadvantages of a declining population (4mks)

6. State the five assumptions made in a circular flow of income model for a two sector economy (5mks)

7. State five uses of national income statistics (5mks)

8. State five problems of using per capita income to measure standard of living in a country (5mks)

9. Discuss five circumstances where a higher per capita income does not necessarily mean a high standard of living for citizens in a country (10mks)

10. State five factors that influence a producer in choosing a middleman to use to reach consumers (5mks)

11. Explain five features of an oligopoly (10mks)

12. With the aid of diagram, explain the difference between demand curve of firms under perfect competition and monopoly (10mks)

13. Give five reasons why it is difficult to attain perfectly competitive conditions in real life markets (10mks)

14. State four differences between perfect competition and monopolistic competition (8mks)

15. State five factors that should be considered before an entrepreneur locates his firm (5mks)

Business Studies Form 3 Question Paper

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