Get premium membership and access questions with answers, video lessons as well as revision papers.
(i) Variety of goods and services as one can produce different types of goods at the same time.
(ii) Involves uses of locally simple tools hence one may not necessarily need advanced technology which could be expensive to acquire.
(iii) Independence; as production is self-sufficient and producers produce enough for their own use.
(iv) Cost is affordable as the capital required for one to produce goods for one's own consumption is less compared to indirect production.
(v) No wastage as one produces what he/ she can produce what he or she can consume alone hence no extras which can get spoilt.
maurice.mutuku answered the question on July 6, 2017 at 05:27
- Why does the Kenyan government impose tax?(Solved)
List reasons why the Kenyan government imposes tax.
Date posted: July 5, 2017. Answers (1)
- What are the merits of current account to the account holder?(Solved)
Give the merits of current account to the account holder.
Date posted: July 5, 2017. Answers (1)
- What is a current asset?(Solved)
Define current asset.
Date posted: July 5, 2017. Answers (1)
- A resource is something that is used by a business to achieve an objective.
What are the resources available in a business?(Solved)
Highlight resources that are available in a business.
Date posted: July 5, 2017. Answers (1)
- What is a long term liability?(Solved)
Define "long term liability" and give an example.
Date posted: July 5, 2017. Answers (1)
- Why do many governments discourage localization of firms?(Solved)
Give reasons why many governments discourage localization of firms.
Date posted: July 5, 2017. Answers (1)
- What is personal selling?(Solved)
Define personal selling.
Date posted: July 5, 2017. Answers (1)
- What is Publicity?(Solved)
Define publicity.
Date posted: July 5, 2017. Answers (1)
- What is advertising?(Solved)
Define advertising.
Date posted: July 5, 2017. Answers (1)
- What are the advantages of pipeline transport over the road transport?(Solved)
Give the advantages of pipeline transport over the road transport.
Date posted: July 5, 2017. Answers (1)
- Public finance refers to activities carried out by the government in raising and spending of finances.
What are the purposes of public finance?(Solved)
Give the purposes of public finance.
Date posted: July 5, 2017. Answers (1)
- What is public relations?(Solved)
Define public relations.
Date posted: July 5, 2017. Answers (1)
- What are the contents of a cover note?(Solved)
Give the contents of a cover note.
Date posted: July 5, 2017. Answers (1)
- What are the merits of a bonded warehouse to the Government?(Solved)
List the merits of a bonded warehouse to the Government.
Date posted: July 5, 2017. Answers (1)
- What are the limitations of a siren as a means of communication?(Solved)
Give the limitations of a siren as a means of communication.
Date posted: July 5, 2017. Answers (1)
- One of the flagship projects by the Kenya Government is LAPSSET and Standard Gauge Railway(SGR).
What are the benefits of the new Railway line to the Kenyan economy?(Solved)
What are the benefits of the new Railway line to the Kenyan economy?
Date posted: July 5, 2017. Answers (1)
- Why do consumers need protection from unscrupulous traders?(Solved)
Give reasons why consumers need protection from unscrupulous traders.
Date posted: July 5, 2017. Answers (1)
- Among the documents required by the Registrar of companies is the Articles of Association.
What are the contents of the Articles of Association?(Solved)
List the contents of the Articles of Association.
Date posted: July 5, 2017. Answers (1)
- What are the features of a departmental store?(Solved)
Give the features of a departmental store.
Date posted: July 5, 2017. Answers (1)
- What measures may be taken by an office manager to safeguard the property of the organization?(Solved)
Give measures that may be taken by an office manager to safeguard the property of the organization.
Date posted: July 5, 2017. Answers (1)