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Business Studies B(Buss 030) Question Paper

Business Studies B(Buss 030)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME : 2 HOURS

INSTRUCTIONS
Answer any three questions
Question One
Discuss the factors that account for popularity of small scale businesses despite the advantages arising from large scale business.
(10 Marks)

Explain the principles of cooperative societies.
(10 Marks)

Question Two
Discuss the four factors of production. (20 Marks)

Question Three
Explain the reasons why government participates in business activities.
(10 marks)

Discuss factors that may lead to a producer selling goods to the final consumer.
(10 Marks)

Question Four
Highlight the importances of warehousing to an economy.
(10 Marks)

Discuss the internal economies of scale to a firm.
(10 Marks)

Question five
Discuss the characteristics of perfect competition market.
(10 Marks)

Discuss the characteristics of human wants.
(10 Marks)

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