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- Difficult to determine what should constitute the ‘basket’ as commodities selected are those
consumed by average
consumers.
- Difficult to determine a typical family or household as average consumers are preferred.
- Determining prices as they differ from one location to another.
- Selection of base year as it is difficult to get a fairly stable one.
- Difficult to ensure that correct weights are allocated to every item.
- Lack of adequate and accurate data on prices and consumer’ expenditure.
- Changing tastes and preferences of consumer which change their expenditure patterns
gideon1 answered the question on September 30, 2017 at 11:12
- Highlight four features of business assets.(Solved)
Highlight four features of business assets.
Date posted: September 30, 2017. Answers (1)
- State four factors that may lead to unfavourable terms of trade.(Solved)
State four factors that may lead to unfavourable terms of trade.
Date posted: September 30, 2017. Answers (1)
- State four factors that determine the period for which documents should be filed.(Solved)
State four factors that determine the period for which documents should be filed.
Date posted: September 30, 2017. Answers (1)
- State four factors that could hasten the economic development of a country.(Solved)
State four factors that could hasten the economic development of a country.
Date posted: September 30, 2017. Answers (1)
- Indicate whether the following taxes are Direct or Indirect.
Tax Type of tax
(a)corporation tax
(b)value added tax(VAT)
(c)Capital gains tax
(d)Excise(Solved)
Indicate whether the following taxes are Direct or Indirect.
Tax Type of tax
(a)corporation tax
(b)value added tax(VAT)
(c)Capital gains tax
(d)Excise
Date posted: September 30, 2017. Answers (1)
- Outline four ways in which households contribute to national income.(Solved)
Outline four ways in which households contribute to national income.
Date posted: September 30, 2017. Answers (1)
- Highlight four ways of generating business ideas.(Solved)
Highlight four ways of generating business ideas.
Date posted: September 30, 2017. Answers (1)
- For each of the following transactions,indicate the source documents from which the following
transactions would be recorded.
Transaction Source document
(a)Sales of goods on credit
(b)Correction of an overchange
(c)Goods...(Solved)
For each of the following transactions,indicate the source documents from which the following
transactions would be recorded.
Transaction Source document
(a)Sales of goods on credit
(b)Correction of an overchange
(c)Goods returned by customer
(d)Purchase on credit
Date posted: September 30, 2017. Answers (1)
- State four circumstances that may influence a firm to locate its operation near the source of raw
materials.(Solved)
State four circumstances that may influence a firm to locate its operation near the source of raw
materials.
Date posted: September 30, 2017. Answers (1)
- State four problems that a country may suffer when the government becomes a major investor in
business activities.(Solved)
State four problems that a country may suffer when the government becomes a major investor in
business activities.
Date posted: September 30, 2017. Answers (1)
- State four external factors that may positively influence the operations of a business.(Solved)
State four external factors that may positively influence the operations of a business.
Date posted: September 30, 2017. Answers (1)
- Explain the following types of business resources; (i) physical resources (ii) financial resources (iii) human resources (iv)technology(Solved)
Explain the following types of business resources;
I) physical resources
II) financial resources
III)human resources
IV)technology
Date posted: September 29, 2017. Answers (1)
- State the types of utilities.(Solved)
State types of utilities.
Date posted: September 29, 2017. Answers (1)
- Highlight ways in which an entrepreneur can improve internal operations of a business.(Solved)
Highlight ways in which an entrepreneur can improve operations of a business.
Date posted: September 29, 2017. Answers (1)
- Give the reasons as to why business studies is offered to secondary students.(Solved)
Give reasons as to why business studies is offered to secondary students.
Date posted: September 29, 2017. Answers (1)
- Define the following terms as used in business studies: (i) production (ii) distribution (iii) consumption (iv) business (Solved)
Define the following terms as used in business studies;
I) production
II) distribution
III) consumption
IV) business
Date posted: September 29, 2017. Answers (1)
- Highlight the positive implications of a youthful population to an economy.(Solved)
State ways in which a youthful population may be useful to an economy.
Date posted: September 29, 2017. Answers (1)
- Outline the factors in the internal environment that may influence operations of a matatu business.(Solved)
Outline the factors in the internal environment that may influence operations of a matatu business.
Date posted: September 29, 2017. Answers (1)
- State four characteristics of underdevelopment that are common among countries in Africa, Latin America and Asia(Solved)
State four characteristics of underdevelopment that are common among countries in Africa, Latin America and Asia
Date posted: September 29, 2017. Answers (1)
- State and discuss the types of inflation(Solved)
State and discuss the types of inflation.
Date posted: September 29, 2017. Answers (1)