(i) Well set-out objectives of the business to guide activities in the organization.
(ii) Committed/ qualified/ experienced owners who are able to make sound decisions and provide resources.
(iii) Proper human resource management.
(iv) Well laid down business structure allows proper flow of instructions and team work within the organization.
(v) Adequate financial/ proper finance management allows acquisition of assets/ stock/ expansion of business.
(vi) Adequate physical resources such as buildings,machines/ furniture.
(vii) Developed business culture with proper values.
maurice.mutuku answered the question on July 20, 2017 at 05:23
- What are the negative effects of inflation in the country?(Solved)
Explain the negative effects of inflation in the country.
Date posted: July 19, 2017. Answers (1)
- Rotich, a civil servant has opened a bank account with a local bank.
What are the benefits of activating his account for M-banking?(Solved)
Explain to Rotich any benefits of activating his account for M-banking.
Date posted: July 19, 2017. Answers (1)
- What benefits may a wholesaler get if he operates own warehouse?(Solved)
Explain the benefits that a wholesaler may get if he operates own warehouse.
Date posted: July 19, 2017. Answers (1)
- What challenges may an under populated country experience?(Solved)
Explain the challenges that an under populated country may experience.
Date posted: July 19, 2017. Answers (1)
- What factors may a trader consider when determining the appropriate channel for distributing goods?(Solved)
Describe factors that a trader may consider when determining the appropriate channel for distributing goods.
Date posted: July 19, 2017. Answers (1)
- Patel runs a factory and has employed seventy workers.
Why would it be beneficial to assign each worker a specific job in production?(Solved)
Give reasons why it would be beneficial to assign each worker a specific job in production.
Date posted: July 19, 2017. Answers (1)
- What factors would a citizen consider while holding money for day to day expenses?(Solved)
Highlight factors that a citizen would consider while holding money for day to day expenses.
Date posted: July 19, 2017. Answers (1)
- Under what circumstances would a public warehouse be ineffective?(Solved)
List the circumstances under which a public warehouse would be ineffective.
Date posted: July 19, 2017. Answers (1)
- Wanjiru rears dairy cattle.
Why would she prefer to obtain a loan from her Sacco but not from a commercial bank?(Solved)
Explain why Wanjiru would prefer obtaining a loan from her Sacco but not from a commercial bank.
Date posted: July 19, 2017. Answers (1)
- Why would a bank prefer a landscape type of office?(Solved)
Explain why a bank would prefer a landscape type of office.
Date posted: July 19, 2017. Answers (1)
- What are the canons of taxation?(Solved)
List the canons of taxation.
Date posted: July 19, 2017. Answers (1)
- Habib intends to insure his motor vehicle with The CIC Insurance company.
What procedure would he follow to take the policy?(Solved)
Outline the procedure that Habib would follow to take the above policy.
Date posted: July 19, 2017. Answers (1)
- What measures is the state putting in place to bring sanity in the matatu transport sector in Kenya?(Solved)
Give measures that the state is putting in place to bring sanity in the matatu transport sector in Kenya.
Date posted: July 19, 2017. Answers (1)
- What are the monetary measures taken by the Central Bank to solve the problem of demand pull inflation?(Solved)
List the monetary measures taken by the Central Bank to solve the problem of demand pull inflation.
Date posted: July 19, 2017. Answers (1)
- What should be the components of a policy to address the widespread unemployment?(Solved)
Highlight the components of a policy to address the widespread unemployment.
Date posted: July 19, 2017. Answers (1)
- What is the difference between bill of exchange and promissory note?(Solved)
List the difference between bill of exchange and promissory note.
Date posted: July 18, 2017. Answers (1)
- Why may a manufacturing firm offer after sale services to its consumers?(Solved)
Highlight reasons why a manufacturing firm may offer after sale services to its consumers.
Date posted: July 18, 2017. Answers (1)
- Under what circumstances may land discourage the location of firms?(Solved)
Give ways under which land may discourage the location of firms.
Date posted: July 18, 2017. Answers (1)
- What are the barriers to international trade imposed by government?(Solved)
Identify barriers to international trade imposed by government.
Date posted: July 18, 2017. Answers (1)
- In what ways would a firm acquire dominance of a market?(Solved)
List ways in which a firm would acquire dominance of a market.
Date posted: July 18, 2017. Answers (1)