Diploma 1 In Business Administration, Supplies And Secretarial Economics Past Paper Question Paper

Diploma 1 In Business Administration, Supplies And Secretarial Economics Past Paper

Course:Diploma In Business Administration

Institution: Machakos University question papers

Exam Year:2010

Entrepreneurship And Management Department
End of term exams

Answer any five questions

1. (a) Describe five causes of abnormal demand of a commodity.(10 Marks)
(b) Explain five factors affecting the demand of a product.(10 Marks)

2.(a) Discuss any five factors affecting the elasticity of supply.(10 Marks)
(b) Discuss the various types of supply.(10 Marks)

3.(a) Explain the essentials of market. (10 Marks)
(b) Describe the factor determining the extent of a market.(10 Marks)

4.(a) Discuss the advantages of price mechanism.(10 Marks)
(b) Explain the characteristics of a perfect competition market.(10 Marks)

5.(a) Explain the features of labor as a factor of production.(10 Marks)
(b) Explain the various kinds of mobility of labor.(10 Marks)

6.(a) Explain the factors affecting the elasticity of demand.(10 Marks)
(b) Discuss the characteristics of a monopoly market.(10 Marks)

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