(i) It is a given /inferior good
(ii) If the price is expected to fall further in future.
(iii) If the fall in price is as a result of fall in quality
(iv) If the commodity is getting out of fashion..
Kavungya answered the question on April 3, 2019 at 09:43
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market. Outline four factors the firm should consider when choosing an...(Solved)
Elgon industries a producer of sweets and chocolates wants to launch its products in the
market. Outline four factors the firm should consider when choosing an appropriate medium
for promotion
Date posted: April 3, 2019. Answers (1)
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Below are terms used in sales promotions:-
-Competitive advertising
-Product advertising
-Informative advertising
- Institutional advertising
-Primary demand advertising
Identify the most appropriate term described in each of the following case,
i) Aims at increasing the sales volume of the company’s entire range of products
ii) Provides relevant information about producers products
iii) Seeks to popularize the business enterprise offering goods for sale
iv) Seeks to promote the sale of a new variety of a company’s creations
Date posted: April 3, 2019. Answers (1)
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against risk of fire. The warehouse was later destroyed completely by fire...(Solved)
A private warehouse owner insured his warehouse valued at Kshs.400, 000 for Kshs600, 000
against risk of fire. The warehouse was later destroyed completely by fire including goods worth
shs 100,000.
Required:
i) Determine the amount of compensation paid by the insurance company
ii) Give a reason for your answer in (i) above
Date posted: April 3, 2019. Answers (1)
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(a) Total constructive loss
(b) General average loss(Solved)
Define the following types of marine insurance losses:-
(a) Total constructive loss
(b) General average loss
Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)
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described by the statement:
Description ...(Solved)
The following are description of various insurance policies. Identify the name of the policy
described by the statement:
Description Policy
1 Covers an organization against losses which might
arise as a result of debtors failure to pay their debts
2 Covers for the loss of profit due to interruption of
business activities as a result of fire
3 Covers employees who may suffer injuries while on
official duties
4 Covers partial or total physical disability caused to a
person due to injury
Date posted: April 3, 2019. Answers (1)
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i) Utmost good faith
ii) Indemnity.....
iii) Contribution
iv) Insurable interest..(Solved)
Give the significance of the following principles to both the insurer and insured
i) Utmost good faith
ii) Indemnity.....
iii) Contribution
iv) Insurable interest..
Date posted: April 3, 2019. Answers (1)
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Kshs.300.000. later the car was destroyed at a garage and a compensation of...(Solved)
Kazi moto insured a motor vehicle against fire with MotoMoto company by paying
Kshs.300.000. later the car was destroyed at a garage and a compensation of Kshs. 400,000
were paid. Using insurance terms, state what each of the following stand for ;
a) Kazi Moto
b) Fire
c) Kshs 300,000
d) Moto Moto Company
Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)
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a)...(Solved)
The following are special delivery services provided by the post office:-post rest ante,
speed post, business reply service, express delivery. Match each description with the term
a) The arrangements to deliver the mail starts at the sender’s post office
b) The arrangement to deliver the mail starts at the addressees post office
c) Services offered to travelers who wish to receive correspondence while away from home
d) Service that relieves the customer of postage expenses
Date posted: April 3, 2019. Answers (1)
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Highlight four other services offered by G4S Limited(Solved)
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Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)
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Date posted: April 3, 2019. Answers (1)