(i) Sourcing for finance/capital/loans. It can be used to convince financial institutions and investors to fund the firm’s operations.
(ii) A tool for evaluation. It can be used to determine whether the firm is achieving its goals and objectives/ help to make necessary adjustment/changes/ for supervision purposes.
(iii) A tool for management. It can be used for structuring the implementation of the functions /tool for planning, organizing, directing, staffing, coordinating budgeting/communicating.
(iv) Gives the firm a competitive edge. It enables the firm to get a better understanding of the market and competitors.
(v) Enhances efficiency in the use of the resources of the firm. It ensures that the resources available are allocated and used in the best way possible Without wastage.
(vi) Motivational tool. It inspires the management /employees /creates team work in accomplishing the objectives of the firm.
(vii) Framework /blue print/ guide for implementing a new business, thus assisting management in decision/actions on the (possible) strengths, weaknesses, opportunities and threats on a day to day basis.
lemass answered the question on February 14, 2019 at 16:24
-
Objectives that may be attained by establishing firms in different parts of the country
(Solved)
Objectives that may be attained by establishing firms in different parts of the country
Date posted:
February 14, 2019
.
Answers (1)
-
Accounting documents that are used in home trade
(Solved)
Accounting documents that are used in home trade
Date posted:
February 14, 2019
.
Answers (1)
-
Disadvantages that a developing country may suffer by liberalizing foreign trade
(Solved)
Disadvantages that a developing country may suffer by liberalizing foreign trade
Date posted:
February 14, 2019
.
Answers (1)
-
Sources of finance for a public limited company apart from the sale of shares include:
(Solved)
Sources of finance for a public limited company apart from the sale of shares include:
Date posted:
February 14, 2019
.
Answers (1)
-
Factors that may have caused a decline in the demand for Wooden furniture
(Solved)
Factors that may have caused a decline in the demand for Wooden furniture
Date posted:
February 14, 2019
.
Answers (1)
-
Identify and explain two possible reasons why a government might decide to keep the country's postal services to the public sector
(Solved)
Identify and explain two possible reasons why a government might decide to keep the country's postal services to the public sector.
Date posted:
February 13, 2019
.
Answers (1)
-
Explain four barriers to effective communication caused by the receiver.
(Solved)
Explain four barriers of effective communication caused by the receiver.
Date posted:
February 4, 2019
.
Answers (1)
-
Explain four principles of an effective office system.
(Solved)
Explain four principles of an effective office system.
Date posted:
February 4, 2019
.
Answers (1)
-
Explain five methods that the government may use to increase supply of goods in the market
(Solved)
Explain five methods that the government may use to increase supply of goods in the market.
Date posted:
January 15, 2019
.
Answers (1)
-
Describe five channels of distribution that a Kenyan manufacturer would use to ensure her goods reach consumers in another country
(Solved)
Describe five channels of distribution that a Kenyan manufacturer would use to ensure her goods reach consumers in another country.
Date posted:
January 15, 2019
.
Answers (1)
-
Explain five ways in which the internal environment may contribute to the success of a business enterprise
(Solved)
Explain five ways in which the internal environment may contribute to the success of a business enterprise.
Date posted:
January 15, 2019
.
Answers (1)
-
Mention four benefits of recycling waste production
(Solved)
Mention four benefits of recycling waste production
Date posted:
December 28, 2018
.
Answers (1)
-
Keith owned a motor vehicle valued at Sh.2,000,000.He comprehensively insured the car at Sh.1,200,000.The motor vehicle was involved in an accident and declared a write...
(Solved)
Keith owned a motor vehicle valued at Sh.2,000,000.He comprehensively insured the car at Sh.1,200,000.The motor vehicle was involved in an accident and declared a write off.Calculate the amount Keith should get from the insurer.
Date posted:
December 4, 2018
.
Answers (1)
-
Outline four circumstances under which goods may be transported by use of containers
(Solved)
Outline four circumstances under which goods may be transported by use of containers.
Date posted:
November 30, 2018
.
Answers (1)
-
Explain circumstances under which a manufacturer would use informative advertising
(Solved)
Explain circumstances under which a manufacturer would use informative advertising
Date posted:
November 20, 2018
.
Answers (1)
-
Discuss the role of marketing and relationship banking in Kenyan banks today
(Solved)
Discuss the role of marketing and relationship banking in Kenyan banks today.
Date posted:
November 18, 2018
.
Answers (1)
-
Describe any five theories of management and explain how they can be used by managers to improve on their organizations
(Solved)
Describe any five theories of management and explain how they can be used by managers to improve on their organizations.
Date posted:
November 9, 2018
.
Answers (1)
-
State the circumstances under which hire purchase may be used
(Solved)
State the circumstances under which hire purchase may be used.
Date posted:
November 8, 2018
.
Answers (1)
-
Managers are born not made. Discuss
(Solved)
Managers are born not made. Discuss
Date posted:
November 6, 2018
.
Answers (1)
-
Highlight 4 possible effects of a positive change in the consumers preference for a good
(Solved)
Highlight 4 possible effects of a positive change in the consumers preference for a good.
Date posted:
November 5, 2018
.
Answers (1)