Get premium membership and access questions with answers, video lessons as well as revision papers.
(i) They pass information between buyers and producers facilitating exchange of goods and services.
(ii) Buy goods in large quantities relieving the producers the burden of storage.
(iii) Avail goods to consumers at convenient places relieving far in search of products.
(iv) Carry out product promotion due to their close contact with customers relieving the producer that burden.
(v) Reducing the number of transactions between the producers and the consumers.
(vi) Breaking the bulk.
(vii) Accumulating bulk.
(viii) Relieve the producers the risks involved in the distribution of products.
(ix) Provide a variety of products to the consumers hence improving their standards of living by widening their choice.
maurice.mutuku answered the question on July 1, 2017 at 12:38
- In what ways can a computer improve efficiency of an organization?(Solved)
Give ways in which a computer can improve efficiency of an organization.
Date posted: July 1, 2017. Answers (1)
- What are the factors affecting the circular flow of income?(Solved)
List the factors that affect the circular flow of income.
Date posted: June 30, 2017. Answers (1)
- What are the differences between whole life policy and endowment policy?(Solved)
Distinguish between a whole life policy and endowment policy.
Date posted: June 30, 2017. Answers (1)
- With the advancement of Information Technology (I.T), there has been a lot of revolution in communication, what are the current trends in communication?(Solved)
With the advancement of Information Technology (I.T), there has been a lot of revolution in communication, give the current trends in communication.
Date posted: June 30, 2017. Answers (1)
- What errors do not affect the agreement of a trial balance?(Solved)
Highlight errors that do not affect the agreement of a trial balance.
Date posted: June 30, 2017. Answers (1)
- What are the factors determining the amount of revenue to be collected through taxation?(Solved)
List the factors that may determine the amount of revenue to be collected through taxation.
Date posted: June 30, 2017. Answers (1)
- What are the features of a perfect competition market?(Solved)
Give the features of a perfect competition market.
Date posted: June 30, 2017. Answers (1)
- Why do firms choose to remain small in an economy dominated by large firms?(Solved)
Give reasons why firms choose to remain small in an economy dominated by large firms.
Date posted: June 30, 2017. Answers (1)
- What are the advantages to the government of Kenya for setting up Export Processing Zones (EPZs)?(Solved)
List the advantages to the government of Kenya for setting up Export Processing Zones (EPZs).
Date posted: June 30, 2017. Answers (1)
- In what ways does the government create an enabling environment for business operations?(Solved)
Highlight ways in which the government creates an enabling environment for business operations.
Date posted: June 30, 2017. Answers (1)
- What problems may the Kenyan government experience in implementing a development plan?(Solved)
Give the problems that the Kenyan government may experience in implementing a development plan.
Date posted: June 30, 2017. Answers (1)
- What are the functions of advertising agencies?(Solved)
List the functions of advertising agencies.
Date posted: June 30, 2017. Answers (1)
- What are the advantages of consumer co-operatives?(Solved)
Highlight the advantages of consumer co-operatives.
Date posted: June 28, 2017. Answers (1)
- Under what circumstances may deferred payment be appropriate?(Solved)
List circumstances under which deferred payment may be appropriate.
Date posted: June 28, 2017. Answers (1)
- What are the features of subsistence production?(Solved)
List the features of subsistence production.
Date posted: June 28, 2017. Answers (1)
- What gaps in the market may give rise to a business opportunity?(Solved)
Outline the gaps in the market that may give rise to a business opportunity.
Date posted: June 28, 2017. Answers (1)
- What business resources can a business use to enhance its operation?(Solved)
Highlight business resources that a business can use to enhance its operation.
Date posted: June 28, 2017. Answers (1)
- What are the characteristics of basic wants?(Solved)
List the characteristics of basic wants.
Date posted: June 28, 2017. Answers (1)
- Kenya is looking forward to the realization of vision 2030.
What are the obstacles that may hinder the efforts made towards this dream?
(Solved)
Explain the obstacles that may hinder the efforts made towards the above dream.
Date posted: June 28, 2017. Answers (1)
- What factors have led to the survival of small scale retailers despite competition from supermarkets?(Solved)
Explain factors that have led to the survival of small scale retailers despite competition from supermarkets.
Date posted: June 28, 2017. Answers (1)