Get premium membership and access questions with answers, video lessons as well as revision papers.
(i) Trader incurs extra expenses or costs thus reducing his profit margin.
(ii) Trader sells his goods at high prices leading to low volume of sales in an effort to recover the after-sales costs incurred.
(iii) Consumers may be tied to one trader who may not offer quality services.
(iv)Encourage careless handling of goods by the consumer.
maurice.mutuku answered the question on July 26, 2017 at 07:42
- What are the functions of the Kenya Bureau of Standards?(Solved)
List the functions of the Kenya Bureau of Standards.
Date posted: July 26, 2017. Answers (1)
- What are the features of oligopoly market structure?(Solved)
Highlight the features of oligopoly market structure.
Date posted: July 26, 2017. Answers (1)
- What benefits may accrue from political stability in a country?(Solved)
List the benefits that may accrue from political stability in a country.
Date posted: July 26, 2017. Answers (1)
- In what ways can the utility of a commodity be increased?(Solved)
Highlight ways in which the utility of a commodity can be increased.
Date posted: July 26, 2017. Answers (1)
- What are the uses of a bill of lading in international trade?(Solved)
List the uses of a bill of lading in international trade.
Date posted: July 26, 2017. Answers (1)
- What are the benefits of registering a company with the stock exchange market?(Solved)
List the benefits of registering a company with the stock exchange market.
Date posted: July 26, 2017. Answers (1)
- What factors may cause the supply curve to shift to the left?(Solved)
Give factors that may cause the supply curve to shift to the left.
Date posted: July 26, 2017. Answers (1)
- Under what circumstances is deferred payment acceptable to a trader?(Solved)
List circumstances under which deferred payment is acceptable to a trader.
Date posted: July 26, 2017. Answers (1)
- What are the demerits of motorcycles/ Boda boda as a mode of transport?(Solved)
Highlight the demerits of motorcycles/ Boda boda as a mode of transport.
Date posted: July 26, 2017. Answers (1)
- What makes a current account popular among the business people?(Solved)
Give reasons that make a current account popular among the business people.
Date posted: July 26, 2017. Answers (1)
- What advantages does a consumer enjoy when he/ she buys directly from a manufacturer?(Solved)
Give advantages a consumer enjoys when he/ she buys directly from a manufacturer.
Date posted: July 26, 2017. Answers (1)
- Why may a new business fail?(Solved)
Give reasons why a new business may fail.
Date posted: July 26, 2017. Answers (1)
- In what ways do the Non-bank financial institutions contribute to economic development in Kenya?(Solved)
Explain ways in which the Non-bank financial institutions contribute to economic development in Kenya.
Date posted: July 25, 2017. Answers (1)
- What are the roles of stock exchange market?(Solved)
List the roles of stock exchange market.
Date posted: July 25, 2017. Answers (1)
- What are the types of wholesalers?(Solved)
Describe the types of wholesalers.
Date posted: July 25, 2017. Answers (1)
- What reasons may necessitate international trade restrictions by a country?(Solved)
Give reasons that may necessitate international trade restrictions by a country.
Date posted: July 25, 2017. Answers (1)
- What setbacks may be brought about by over-population?(Solved)
Give the setbacks that may be brought about by over-population.
Date posted: July 25, 2017. Answers (1)
- What are the advantages of advertising to the producer?(Solved)
Highlight the advantages of advertising to the producer.
Date posted: July 25, 2017. Answers (1)
- Under what circumstances may a country find it necessary to control imports?(Solved)
List circumstances under which a country may find it necessary to control imports.
Date posted: July 25, 2017. Answers (1)
- What is excess supply?(Solved)
Describe excess supply.
Date posted: July 25, 2017. Answers (1)