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Business Studies Question Paper

Business Studies

Course:Business Studies

Exam Year:2007

INSTRUCTIONS: Answer all questions in the spaces provided.
1. List the 4 essentials of a market (4Mks)

2.Discuss any 4 possible effects of eliminating the wholesalers from the chain of distribution manufacturers. (8Mks)

3. Explain the following types of demand giving an example of each (8Mks)
(i) Derived demand
(ii) Joint demand
(iii) composite demand

4.Explain the following costs of production.(6Mks)
(i) Fixed costs
(ii) Variable costs
(iii) Average cost

5. Give 6 factors/ways of determining the size of the firm. (6Mks)

6.Explain 4 ways the government can use to ensure success of delocalization policy. (4Mks)

7. Give any five types of unemployment.

8. Unemployment has been cited as one of the most economic problems facing our country today. Explain five measures that can be taken by the government to solve the problem. (5Mks)

9. State any four causes of declining population. (4Mks)

10. Give five advantages of market research. (5Mks)

11. After sales is a good means of product promotion. Give any 4 examples of these services. (4Mks)

12. In the table below, give the type of advertisement that match the description given.

Description Type
(a) Creates awareness about a product
(b) Promotes the name of the manufacturer
(c) Persuades the customer to buy the product
(d) Promote a particular brand of a product

13. A trader exhibited his goods in a local trade show, his sales didn't increase. State five reasons that may have led to lack of increased sales.(5Mks)

14. Highlight 4 importance of elasticity of demand in a country. (4Mks)

15. Outline 4 ways which large-scale organizations are able to reduce their costs of operation. (4Mks)

16. Give any four reasons of monopoly power. (4Mks)

17. Outline 4 emerging trends in the distribution of goods and services. (4Mks)

18. Give 5 benefits that consumers get from small-scale retailers. (5Mks)

19. Give 4 advantages of using cash (bank notes and coins) for making payments. (4Mks)

20. State 4 limitations of using national income statistics to compare standards of living in different countries.

Business Studies Question Paper

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