i) Economic environment (favourable): Economic situations that increase consumers’ purchasing power eg low price levels, high consumers income, low interest rates, low levels of inflation and taxes.
ii) Demographic environment: A high population creates a wider market and hence more sales & profits.
iii) Advancement in technology: High levels of know how and efficient use of tools/equipments lead to better quality goods/services and reduced cost of production.
iv) Legal environment (favourable): Laws and policies made by the government should be favourable eg. Taxation, legislation, ease in licensing etc.
v) Favourable political environment: Political stability leads to peace there by creating a conducive environment for business to thrive.
vi) Favourable cultural environment where customs values and beliefs of the society are for the product, this boosts sales and the business thrive.
vii) Fair competition: This will enable the business cope with the competitors and remain in operation.
(vii)Physical environment (ideal or favourable): Relief, climate, infrastructure, electricity etc when ideal enables the business operate efficiently.
Kavungya answered the question on October 4, 2019 at 07:29
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Date posted: October 4, 2019. Answers (1)
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Invoices issued
2010 Jan 2: Mwiti Traders kshs...(Solved)
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Invoices issued
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Jan 5: Mutahi Traders ksh 150,000
Invoices received
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Required:
Record the above details in the appropriate subsidiary books.
Date posted: October 4, 2019. Answers (1)
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2011
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3: Paid...(Solved)
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2011
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...(Solved)
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2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
2: Bought stock in cash sh 120,000
3: Cash sales sh 5,000
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Date posted: October 4, 2019. Answers (1)
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Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
(iv) Capital employed (Solved)
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Required:
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(ii) Borrowed capital
(iii) Working capital
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Date posted: October 4, 2019. Answers (1)
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a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person...(Solved)
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b.Activities carried out with a view of making profit.
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d.Increasing the usefulness of a good or services
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Calculate:
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