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- Where the market is small
- Nature of the product e.g. direct service
- To maintain simplicity of the firm
- For flexibility purposes
- For quick decision making
- To avoid high overheads costs
- Need to retain control
- Legal constraints
- Because of minimal risks faced
- Limited capital
Kavungya answered the question on April 3, 2019 at 10:42
- The table below shows the total cost of a certain product at given output levels
At output of 50 units; determine
a) Total fixed costs
b) Average variable...(Solved)
The table below shows the total cost of a certain product at given output levels
At output of 50 units; determine
a) Total fixed costs
b) Average variable cost
c) Average total cost
d) Marginal cost
Date posted: April 3, 2019. Answers (1)
- The table below represents units of output and their cost of production. Find the values of
costs A, B, C and D(Solved)
The table below represents units of output and their cost of production. Find the values of
costs A, B, C and D
Date posted: April 3, 2019. Answers (1)
- Give four ways in which a firm may achieve marketing economies of scale(Solved)
Give four ways in which a firm may achieve marketing economies of scale
Date posted: April 3, 2019. Answers (1)
- Highlight four measures the government may take to promote delocalization in the country(Solved)
Highlight four measures the government may take to promote delocalization in the country
Date posted: April 3, 2019. Answers (1)
- Highlight four ways a trader benefits from localization of industries(Solved)
Highlight four ways a trader benefits from localization of industries
Date posted: April 3, 2019. Answers (1)
- The table below shows changes in price of a product X and the changes in quantity demanded in
Product X and product Y
Calculate the loss elasticity...(Solved)
The table below shows changes in price of a product X and the changes in quantity demanded in
Product X and product Y
Calculate the loss elasticity of demand of product Y
Date posted: April 3, 2019. Answers (1)
- State four causes of abnormal demand(Solved)
State four causes of abnormal demand
Date posted: April 3, 2019. Answers (1)
- The table below represents a farmer’s supply of cabbage in a local urban centre
Assuming the price remained constant state four reasons for the trends in...(Solved)
The table below represents a farmer’s supply of cabbage in a local urban centre
Assuming the price remained constant state four reasons for the trends in the supply of cabbages
Date posted: April 3, 2019. Answers (1)
- The following graph shows a shift in demand from D0D0 to D1D1
State four possible reasons for the above shift(Solved)
The following graph shows a shift in demand from D0D0 to D1D1
State four possible reasons for the above shift
Date posted: April 3, 2019. Answers (1)
- 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...(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)
- Below are terms used in sales promotions:-Competitive advertising -Product advertising(Solved)
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)
- 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...(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)
- Define the following types of marine insurance losses:-
(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)
- State four reasons why few Kenyan take out life assurance policy(Solved)
State four reasons why few Kenyan take out life assurance policy
Date posted: April 3, 2019. Answers (1)
- The following are description of various insurance policies. Identify the name of the policy
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)
- Give the significance of the following principles to both the insurer and insured
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)
- 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...(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)
- State four advantages of warehousing to a retailer(Solved)
State four advantages of warehousing to a retailer
Date posted: April 3, 2019. Answers (1)
- State four functions of the purchases department of a warehouse(Solved)
State four functions of the purchases department of a warehouse.
Date posted: April 3, 2019. Answers (1)
- Outline four circumstances that would hinder a warehouse from functioning effectively(Solved)
Outline four circumstances that would hinder a warehouse from functioning effectively.
Date posted: April 3, 2019. Answers (1)