Get premium membership and access questions with answers, video lessons as well as revision papers.
- Enable trade to take place
- Bridges the gap between the producer and consumer through transport
- Informs consumers about good and services available i.e. where they can
be found, their prices.
Uses etc
- Provide storage facilities/ warehouse
- Provides safe places for keeping money, opportunity for borrowing
banking
- Protects trade against risk though insurance
gideon1 answered the question on September 22, 2017 at 21:04
- State four problems that a planner may encounter in development planning(Solved)
State four problems that a planner may encounter in development planning
Date posted: September 22, 2017. Answers (1)
- Outline four ways that the World Bank may use to assist developing countries to improve
their economy(Solved)
Outline four ways that the World Bank may use to assist developing countries to improve
their economy
Date posted: September 22, 2017. Answers (1)
- State four factors that may cause inflation in an economy(Solved)
Outline four causes of inflation in an economy.
Date posted: September 22, 2017. Answers (1)
- Outline four benefits of direct taxation to the government(Solved)
Outline four benefits of direct taxation to the government
Date posted: September 22, 2017. Answers (1)
- Give four reasons why one would prefer a letter to a telephone to send a message.(Solved)
Give four reasons why one would prefer a letter to a telephone to send a message.
Date posted: September 22, 2017. Answers (1)
- Highlight four characteristics of economic resources(Solved)
Highlight four characteristics of economic resources
Date posted: September 22, 2017. Answers (1)
- What factors may encourage entrepreneurship in Kenya(Solved)
What factors may encourage entrepreneurship in Kenya
Date posted: September 22, 2017. Answers (1)
- State four social responsibilities that a manufacturing firm should have on the community(Solved)
State four social responsibilities that a manufacturing firm should have on the community
Date posted: September 22, 2017. Answers (1)
- Highlight four benefits of using electronic filing system(Solved)
Highlight four benefits of using electronic filing system
Date posted: September 22, 2017. Answers (1)
- What benefits may accrue to manufacturing firm that uses modern technology(Solved)
What benefits may accrue to manufacturing firm that uses modern technology
Date posted: September 22, 2017. Answers (1)
- List four types of unemployment in an economy and give the cause for each.(Solved)
List four types of unemployment in an economy and give the cause for each.
Date posted: September 22, 2017. Answers (1)
- Give four assumptions that are associated with perfect competitor(Solved)
Give four assumptions that are associated with perfect competitor
Date posted: September 22, 2017. Answers (1)
- What are the advantages of personal selling as a method of sales promotion(Solved)
What are the advantages of personal selling as a method of sales promotion
Date posted: September 22, 2017. Answers (1)
- Outline four considerations that a seller should take into account before giving credit to a new
customer.(Solved)
Outline four considerations that a seller should take into account before giving credit to a new
customer.
Date posted: September 22, 2017. Answers (1)
- Give four ways in which a government may participate in the operations of a state corporation(Solved)
Give four ways in which a government may participate in the operations of a state corporation
Date posted: September 22, 2017. Answers (1)
- Outline four risks against which a shopkeeper may insure.(Solved)
Outline four risks against which a shopkeeper may insure.
Date posted: September 22, 2017. Answers (1)
- State four advantages of operating a partnership form of business(Solved)
State four advantages of operating a partnership form of business
Date posted: September 22, 2017. Answers (1)
- The domestic currency of a certain country has been depreciating over time. Highlight five disadvantages of the depreciation of the country(Solved)
The domestic currency of a certain country has been depreciating over time. Highlight five disadvantages of the depreciation of the country
Date posted: September 22, 2017. Answers (1)
- Explain the factors that may lead to deteriorating terms of terms of trade for a country(Solved)
Explain the factors that may lead to deteriorating terms of terms of trade for a country
Date posted: September 22, 2017. Answers (1)
- Explain six problems being faced by the Kenya External Trade Authority (KETA)(Solved)
Explain six problems being faced by the Kenya External Trade Authority (KETA)
Date posted: September 22, 2017. Answers (1)