i). Identifies viable business opportunities
ii).Provides guidelines on how production should be organized
iii).Provides the capital necessary to carry on production
iv).Hires /provides all other factors of production
v).Bears all the risks
vi).Decides how/ where/ when / what to invest in the business
vii).Rewards all the factors of production. (Any 5×2=10mks)
john3 answered the question on November 24, 2017 at 10:51
- Outline the features of indirect production (Solved)
Outline the features of indirect production
Date posted: November 23, 2017. Answers (1)
- Explain five circumstances under which a country may realize surplus in its balance of payments.(Solved)
Explain five circumstances under which a country may realize surplus in its balance of payments.
Date posted: November 23, 2017. Answers (1)
- Explain five disadvantages of using direct taxes to raise government revenue(Solved)
Explain five disadvantages of using direct taxes to raise government revenue
Date posted: November 23, 2017. Answers (1)
- Outline five ways in which a society benefits from indirect production
(Solved)
Outline five ways in which a society benefits from indirect production
Date posted: November 23, 2017. Answers (1)
- Explain five benefit that a private limited company would get by converting to a public limited company
(Solved)
Explain five benefit that a private limited company would get by converting to a public limited company
Date posted: November 23, 2017. Answers (1)
- Why is it important to have a business plan?(Solved)
Why is it important to have a business plan?
Date posted: November 22, 2017. Answers (1)
- What are the items that may be included in a business plan?(Solved)
What are the items that may be included in a business plan?
Date posted: November 22, 2017. Answers (1)
- What is a business plan?(Solved)
What is a business plan?
Date posted: November 22, 2017. Answers (1)
- What are the external factors considered when starting or carrying out a business?(Solved)
What are the external factors considered when starting or carrying out a business?
Date posted: November 22, 2017. Answers (1)
- List four personal consideration when starting a business.(Solved)
List four personal consideration when starting a business.
Date posted: November 22, 2017. Answers (1)
- What does it mean to evaluate a business opportunity?(Solved)
What does it mean to evaluate a business opportunity?
Date posted: November 22, 2017. Answers (1)
- List five gaps a business can experience.(Solved)
List five gaps a business can experience.
Date posted: November 22, 2017. Answers (1)
- Define business opportunity(Solved)
Define business opportunity.
Date posted: November 22, 2017. Answers (1)
- Outline the different types of utilities.(Solved)
Outline the different types of utilities.
Date posted: November 22, 2017. Answers (1)
- Differentiate between goods and services(Solved)
Differentiate between goods and services
Date posted: November 22, 2017. Answers (1)
- What traits should an entrepreneur possess to make it in business?(Solved)
What traits should an entrepreneur possess to make it in business?
Date posted: November 22, 2017. Answers (2)
- What are they main functions of an entrepreneur?(Solved)
What are they main functions of an entrepreneur?
Date posted: November 21, 2017. Answers (1)
- Define the term entrepreneurship as a factor of production(Solved)
Define the term entrepreneurship as a factor of production
Date posted: November 21, 2017. Answers (1)
- Define capital as a factor of production.(Solved)
Define capital as a factor of production.
Date posted: November 21, 2017. Answers (1)
- What are the main characteristics of labor as a factor of production?(Solved)
What are the main characteristics of labor as a factor of production?
Date posted: November 21, 2017. Answers (1)