Get premium membership and access questions with answers, video lessons as well as revision papers.
- Where there is need to increase market demand for goods/services.
- Where there is need to increase labour supply
- Where there is need to attract investors through increased consumption by high population.
- Where there is need to reap the benefits of specialization/division of labour.
- When there is need for technological advancement leading to high efficiency
- When there is need to use diverse talents leading to quality/quantity goods.
gideon1 answered the question on September 30, 2017 at 11:23
- Explain five factors that should be considered when choosing means of communication.(Solved)
Explain five factors that should be considered when choosing means of communication.
Date posted: September 30, 2017. Answers (1)
- Explain five factors that an entrepreneur would consider when evaluating a business idea(Solved)
Explain five factors that an entrepreneur would consider when evaluating a business idea.
Date posted: September 30, 2017. Answers (1)
- Explain four features of monopoly as a form of product market.(Solved)
Explain four features of monopoly as a form of product market.
Date posted: September 30, 2017. Answers (1)
- Explain five problems encountered when calculating consumer price indices.(Solved)
Explain five problems encountered when calculating consumer price indices.
Date posted: September 30, 2017. Answers (1)
- 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)