Business Studies (Buss 030) Question Paper

Business Studies (Buss 030)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME : 2 HOURS

INSTRUCTIONS:
Answer three questions.
Question One
List and explain the purpose of learning business studies in secondary schools.
(10 marks)
Explain five reasons why people start businesses
(10 marks)

Question Two
Describe the functions of wholesalers to manufacturer in local trade

(10 marks)
Describe the functions of wholesales to retailers in local trade.
(10 marks)

Question Three
Explain major characteristics or features of two factors of production.
(10 marks)
Explain the benefits of two economic resources in Kenya.
(10 marks)

Question Four
Explain five characteristics of sole proprietor (One man business)

(10 marks)
Explain five factors that influence demand of a commodity in your home country.
(10 marks)

Question Five
Describe five sources of business finance for partnerships in Kenya.

(10 marks)
Explain five characteristics of a perfect market.
(10 marks)

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