Business Studies Paper 1 Question Paper

Business Studies Paper 1

Course:Secondary Level

Exam Year:2003

1 a) Explain 5 disadvantages of free trade. 10 marks
b) Explain 5 roles of intermediaries in the chain of distribution. 10 marks
2 a) Discuss factors that would influence the amount of money an individual may hold for a transaction motive. 10 marks
b) Explain 5 advantages of division of labor and specialization. 10 marks
3 a)Explain 5 limitations of barter trade system. 10 marks
b) Explain 4 reasons why a business person may prefer to use e- mail over telephone as a means of communication. 10 marks
4 a) Explain 5 dis economies of scale. 10 marks
b) Explain 5 assumptions that are made so that a perfect competition market will exist. 10 marks
5 a) Explain 5 functions of the central bank. 10 marks
b) Explain 5 factors that affect the choice of distribution channels by a trader. 10 marks

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