Get premium membership and access questions with answers, video lessons as well as revision papers.
(i) Government policy on goods/ government restrictions.
(ii) Different taste/ preference/quality.
(iii) Cannot be permanently satisfied.
(iv) Unlimited needs/ wide variety.
(v) Limited income/ resources.
maurice.mutuku answered the question on July 14, 2017 at 06:03
- What are the external factors positively influencing the operations of a business?(Solved)
Give the external factors that may positively influence the operations of a business.
Date posted: July 14, 2017. Answers (1)
- What are the factors influencing the level of National income of a Country?(Solved)
Explain the factors that influence the level of National income of a Country.
Date posted: July 14, 2017. Answers (1)
- What are the principles of a good tax system?(Solved)
Give the principles of a good tax system.
Date posted: July 14, 2017. Answers (1)
- What is the difference between insurance and gambling?(Solved)
Distinguish between insurance and gambling.
Date posted: July 13, 2017. Answers (1)
- What channels of distribution may be followed by imported manufactured goods?(Solved)
Give channels of distribution that may be followed by imported manufactured goods.
Date posted: July 13, 2017. Answers (1)
- What factors determine the amount of money held for precautionary purposes?(Solved)
Give factors that determine the amount of money held for precautionary purposes.
Date posted: July 13, 2017. Answers (1)
- In what ways can a country's labour force be improved to promote economic growth?(Solved)
Give ways in which a country's labour force can be improved to promote economic growth.
Date posted: July 13, 2017. Answers (1)
- Kenya has been relying on Tea as a key driver of her economy.
What benefits may accrue to her due to this specialization?(Solved)
Give benefits that may accrue to Kenya due to this specialization.
Date posted: July 13, 2017. Answers (1)
- In what ways can an office manager ensure that the company's property is safeguarded?(Solved)
List ways in which an office manager can ensure that the company's property is safeguarded.
Date posted: July 13, 2017. Answers (1)
- Why is it important for the government to undertake taxation?(Solved)
Explain why it is necessary for the government to undertake taxation.
Date posted: July 13, 2017. Answers (1)
- The demand for commodity C doubled in five months even though the price of the commodity remained the same over the same period.
What factors may account for the increase in demand?(Solved)
Give factors that may account for the increase in demand even though the price of the commodity remained the same.
Date posted: July 13, 2017. Answers (1)
- Shah,a manufacturer, exhibited his goods in a local trade show. However, his sales did not increase significantly.
What may have led to lack of significant sales increase?(Solved)
Give reasons that may have led to lack of significant sales increase.
Date posted: July 13, 2017. Answers (1)
- Why are most countries getting rid of direct production?(Solved)
Give reasons why most countries are getting rid of direct production.
Date posted: July 12, 2017. Answers (1)
- Under which circumstances may gaps in the market be identified?(Solved)
Give circumstances under which gaps in the market may be identified.
Date posted: July 12, 2017. Answers (1)
- What factors can accelerate economic development of a country?(Solved)
Give factors that can accelerate economic development of a country.
Date posted: July 12, 2017. Answers (1)
- What malpractices may consumers need protection against?(Solved)
Give malpractices against which consumers may need protection.
Date posted: July 12, 2017. Answers (1)
- What factors may limit the efficiency of co-operatives in delivering services to their members?(Solved)
List factors that may limit the efficiency of co-operatives in delivering services to their members.
Date posted: July 12, 2017. Answers (1)
- What means are used by commercial banks to transfer money?(Solved)
List the means used by commercial banks to transfer money.
Date posted: July 12, 2017. Answers (1)
- What are the advantages of sending parcels by courier services?(Solved)
Give the advantages of sending parcels by courier services.
Date posted: July 12, 2017. Answers (1)
- What is the difference between a debit note and a credit note as business documents?(Solved)
Distinguish between a debit note and a credit note as business documents.
Date posted: July 12, 2017. Answers (1)