Business Studies Paper 1 Form 3 Question Paper

Business Studies Paper 1 Form 3

Course:Business Studies

Exam Year:2008

Business Studies Form 3

1. State four advantages of operating a partnership form of business (4mks)

2. Outline four risks against which a shopkeeper may insure (4mks)

3. Outline four considerations that a seller should take into account before giving credit to a new customer (4mks)

4. The table below shows some of the occupations in production. Indicate the level of production associated with each of the occupations (4mks)

a. Mining

b. Oil refining

c. Insurance

d. Teaching

5. What are the advantages of personal selling as a method of sales promotion (4mks)

6. Give four assumptions that are associated with perfect competition (4mks)

7. What factors may encourage entrepreneurship in Kenya (4mks)

8. Highlight four characteristics of economic resources (4mks)

9. Give four reasons why one would prefer a letter to a telephone to send a message (4mks)

10. Outline four benefits to a trader who operates a small retail outlet (4mks)

11. List four types of utility (4mks)

12. State four types of complaints that a consumer organization may receive from consumers (4mks)

13. A firm wishes to introduce a new product into the market. Outline four factors that should be considered in choosing an appropriate medium for promotion (4mks)

14. State four circumstances under which air transport may be used to ferry goods (4mks)

15. Outline four benefits to a business that uses its own warehouse (4mks)

16. State four differences between a good and service (4mks)

17. State four advantages of an open office layout (4mks)

18. State four types of market structures (4mks)

19. State four other methods of price determination apart from price mechanism (4mks)

20. State four roles of intermediaries in the chain of distribution (4mks)

21. State four factors that determines the choice of a distribution channel for goods (4mks)

22. State four factors that promote occupation mobility of labour (4mks)

23. State four external factors that affect business (4mks)

24. State four roles of ethics in business (4mks)

25. Identify four current trends and emerging issues in communication (4mks)

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