i. Reducing transactions between producers and consumers.
ii. Breaking the bulk by buying in great quantities and selling in small quantities as desired by
customers.
iii. Accumulating the bulk –they buy in small quantities from small producers and they offer the
large amount gathered to buyers who may want to buy in large quantities.
iv. Risk taking – they take possession of goods from producers; they assume all risks associated
with the movement of such products to the consumer.
v. Provide finance to the producer-they pass information from producers to the consumers.
vi. Conduct product promotion-provide transport and storage of goods in their ware house.
vii. Provide variety of goods to consumers.
viii. Availing goods to consumers/accessible to consumers.
gideon1 answered the question on November 2, 2017 at 05:23
- Outline four characteristics of an optimum population.(Solved)
Outline four characteristics of an optimum population.
Date posted: November 2, 2017. Answers (1)
- Give the meaning of the following terms as used in insurance (a) Surrender value (b) Proposer (c) Re–insurance (d) Binder(Solved)
Give the meaning of the following terms as used in insurance.
a) Surrender value
b) Proposer
c) Re –insurance
d) Binder
Date posted: November 2, 2017. Answers (1)
- Outline four ways by which business resources may cause business success.(Solved)
Outline four ways by which business resources may cause business success.
Date posted: November 2, 2017. Answers (1)
- State four ways of protecting an organization’s properties.(Solved)
State four ways of protecting an organization’s properties.
Date posted: November 2, 2017. Answers (1)
- Outline four advantages of barter trade to the society.(Solved)
Outline four advantages of barter trade to the society.
Date posted: November 2, 2017. Answers (1)
- Indicate the subsidiary ledger in which each of the following should be recorded.
Account . Subsidiary Ledger.
a) Return inwards
b) Discount Received
c) Drawings
d) Bank(Solved)
Indicate the subsidiary ledger in which each of the following should be recorded.
Account . Subsidiary Ledger.
a) Return inwards
b) Discount Received
c) Drawings
d) Bank
Date posted: November 2, 2017. Answers (1)
- Highlight four ways that can be used by the government to regulate business activities.(Solved)
Highlight four ways that can be used by the government to regulate business activities.
Date posted: November 2, 2017. Answers (1)
- State four essential features of any market.(Solved)
State four essential features of any market.
Date posted: November 2, 2017. Answers (1)
- State four ways in which land may influence the location of firms.(Solved)
State four ways in which land may influence the location of firms.
Date posted: November 2, 2017. Answers (1)
- Identify four services that facilitate communication in Kenya.(Solved)
Identify four services that facilitate communication in Kenya.
Date posted: November 2, 2017. Answers (1)
- Highlight four benefits of public corporations to the citizen of a country.(Solved)
Highlight four benefits of public corporations to the citizen of a country.
Date posted: November 2, 2017. Answers (1)
- Outline four circumstances when cheque payment would be preferred to cash payment.(Solved)
Outline four circumstances when cheque payment would be preferred to cash payment.
Date posted: November 2, 2017. Answers (1)
- Identify four classes of business activities that one may engage in.(Solved)
Identify four classes of business activities that one may engage in.
Date posted: November 2, 2017. Answers (1)
- Give three advantages of using M-pesa as a means of payment.(Solved)
Give three advantages of using M-pesa as a means of payment.
Date posted: November 1, 2017. Answers (1)
- During the 2013 election period, many aspiring politicians campaigned using billboards. Highlight
four limitations of using this method.(Solved)
During the 2013 election period, many aspiring politicians campaigned using billboards. Highlight
four limitations of using this method.
Date posted: November 1, 2017. Answers (1)
- Mention the principle of insurance involved in the following statements.
(a). One cannot insure the neighbour’s house.
(b) Compensation is paid out by an insurance company only...(Solved)
Mention the principle of insurance involved in the following statements.
(a). One cannot insure the neighbour’s house.
(b) Compensation is paid out by an insurance company only if the loss is a direct result of
happening of the event insured against.
(c). After having been compensated the insured is not allowed to take the scrap.
(d). The aim of the insurance company is to put back the insured to his/her original material
financial position and not to profit him/her.
Date posted: November 1, 2017. Answers (1)
- Give four advantages of parastatals.(Solved)
Give four advantages of parastatals.
Date posted: November 1, 2017. Answers (1)
- Outline three circumstances under which downward communication may be used in a firm.(Solved)
Outline three circumstances under which downward communication may be used in a firm.
Date posted: November 1, 2017. Answers (1)
- Highlight four ways in which consumers may protect themselves against exploitation by traders(Solved)
Highlight four ways in which consumers may protect themselves against exploitation by traders
Date posted: November 1, 2017. Answers (1)
- Highlight four factors which are likely to hinder a country’s development.(Solved)
Highlight four factors which are likely to hinder a country’s development.
Date posted: November 1, 2017. Answers (1)