a. There are many buyers and sellers of the commodity who act independently.
b. The products from different producers vary in quality or form a group of commodities which are close substitutes Which are close substitutes.
c. No barriers to entry or exit.
d. There is perfect knowledge of the market for both sellers and buyers.
lydiajane74 answered the question on October 31, 2017 at 07:39
-
State four qualities of effective communication.
(Solved)
State four qualities of effective communication.
Date posted:
October 31, 2017
.
Answers (1)
-
Outline four factors to consider when selecting office equipment.
(Solved)
Outline four factors to consider when selecting office equipment.
Date posted:
October 31, 2017
.
Answers (1)
-
Highlight the features of a good tax system.
(Solved)
What are the features/attributes/characteristics of a good tax system?
Date posted:
October 31, 2017
.
Answers (1)
-
State four advantages of advertising as a method of product promotion.
(Solved)
State four advantages of advertising as a method of product promotion.
Date posted:
October 31, 2017
.
Answers (1)
-
Highlight four factors necessitating an insurance company to re-insure
(Solved)
Highlight four factors necessitating an insurance company to re-insure
Date posted:
October 31, 2017
.
Answers (1)
-
Outline four features of under- development in a country like Kenya.
(Solved)
Outline four features of under- development in a country like Kenya.
Date posted:
October 31, 2017
.
Answers (1)
-
Highlight four challenges in the modern of use of cell phones
(Solved)
Highlight four challenges in the modern of use of cell phones.
Date posted:
October 31, 2017
.
Answers (1)
-
Highlight four ways consumers are likely to suffer in a situation where there is no warehousing services
(Solved)
Highlight four ways consumers are likely to suffer in a situation where there is no warehousing services
Date posted:
October 31, 2017
.
Answers (1)
-
Before an entrepreneur sets up a business unit, there are several considerations he has to make. Highlight four considerations that an entrepreneur should take into...
(Solved)
Before an entrepreneur sets up a business unit, there are several considerations he has to make. Highlight four considerations that an entrepreneur should take into account, when evaluating a business idea.
Date posted:
October 31, 2017
.
Answers (1)
-
Its the duty of the government to protect its citizens in the country. Outline four such malpractices that consumers may be protected against by the...
(Solved)
Its the duty of the government to protect its citizens in the country. Outline four such malpractices that consumers may be protected against by the Government.
Date posted:
October 31, 2017
.
Answers (1)
-
Mumias sugar Co. Ltd is set up in Kakamega county. State four ways in which the surrounding community may benefit from this industry.
(Solved)
Mumias sugar Co. Ltd is set up in Kakamega county. State four ways in which the surrounding community may benefit from this industry.
Date posted:
October 31, 2017
.
Answers (1)
-
Outline four problems of using a long chain of distribution in the market.
(Solved)
Outline four problems of using a long chain of distribution in the market.
Date posted:
October 31, 2017
.
Answers (1)
-
Highlight four modern trends that have been witnessed in commercial banking in this country
(Solved)
Highlight four modern trends that have been witnessed in commercial banking in this country
Date posted:
October 31, 2017
.
Answers (1)
-
State four features of a public corporation.
(Solved)
State four features of a public corporation.
Date posted:
October 31, 2017
.
Answers (1)
-
Give FOUR types of small scale retailers with shops.
(Solved)
Give FOUR types of small scale retailers with shops.
Date posted:
October 31, 2017
.
Answers (1)
-
State FOUR characteristics of assets.
(Solved)
State FOUR characteristics of assets.
Date posted:
October 31, 2017
.
Answers (1)
-
Outline FOUR problems associated with the expenditure approach.
(Solved)
Outline FOUR problems associated with the expenditure approach.
Date posted:
October 31, 2017
.
Answers (1)
-
Outline the functions of stock exchange as a market for securities.
(Solved)
Outline the functions of stock exchange as a market for securities.
Date posted:
October 31, 2017
.
Answers (1)
-
State FOUR advantages of using M-pesa account to an individual.
(Solved)
State FOUR advantages of using M-pesa account to an individual.
Date posted:
October 31, 2017
.
Answers (1)
-
State FOUR methods of product promotion.
(Solved)
State FOUR methods of product promotion.
Date posted:
October 31, 2017
.
Answers (1)