Information Technology
Business have now adopted the uses the encroached information technologies like virtual realities, for instance here in Kenya we have online shopping sites including OLX, Jumia online among others. This is actually a new feature the business environment.
Competitive Advantage
This is the position a business stands out in the market as compared to the competitions. A most competitive business out do the weak business enterprises. Example is SAFARICOM Telecom which is the main player in telecommunication serving larger number of subscribers than other telecom networks this shows how it is in a good competitive position.
Franchises
Business are forming alliances in order to be competitive in the market place and as well as enhancing maximum profits too.
Amalgamations
Business are buying the entire assets of the other business and are assimilated by the current business. The original business looses its value and competitiveness. Example is the Tuskys and Nakjmatt scenario.
Elaborate Infrastructure
In the current times, there is good and elaborated infrastructure thus easy accessibility. This has enabled businesses being erected anywhere despite the distance due to the reachability feature that exists as a result of good infrastructure. Unlike in the recent times where certain businesses were being established near raw materials or the ready market, nowadays, businesses have the freedom of getting established anywhere.
Community Involvement
In the current business environment, the local people have to be involved in the business running for it to be successful. The desires and dislikes of the local people have to be put in consideration before a business is established so as not to violet the set policies empowering community participation in business activities.
Environmental Conservation
In the current business environment, each business entity has a crucial responsibility of ensuring that they do not pollute the environment and also take part in environmental conservational practices. They should also register with the management of the Environmental Impact Assessment
vindori answered the question on March 18, 2018 at 14:01
-
Explain the factors that an entrepreneur may consider when evaluating a business opportunity
(Solved)
Explain the environmental factors that an entrepreneur may consider when evaluating a business opportunity
Date posted:
March 18, 2018
.
Answers (1)
-
Give ways of managing cultural factors inhibiting development of entrepreneurial culture in Kenya
(Solved)
Give ways of managing cultural factors inhibiting development of entrepreneurial culture in Kenya.
Date posted:
March 12, 2018
.
Answers (1)
-
Problems in exploitation of a country’s economic resources
(Solved)
Problems in exploitation of a country’s economic resources
Date posted:
March 10, 2018
.
Answers (1)
-
What are the advantages and disadvantages of direct production?
(Solved)
What are the advantages and disadvantages of direct production?
Date posted:
March 9, 2018
.
Answers (1)
-
Benefits that accrue to a customer who buys goods in a supermarket
(Solved)
Benefits that accrue to a customer who buys goods in a supermarket
Date posted:
March 7, 2018
.
Answers (1)
-
Explain five factors that contribute to high birth rate in developing countries
(Solved)
Explain five factors that contribute to high birth rate in developing countries
Date posted:
March 7, 2018
.
Answers (1)
-
Outline one circumstance under which each of the following source documents may be issued by a trader: (a)Debit note (b)Invoice (c)Credit...
(Solved)
Outline one circumstance under which each of the following source documents may be issued by a trader:
a)Debit note
b)Invoice
c)Credit note
d)Quotation
Date posted:
March 7, 2018
.
Answers (1)
-
State the type of unemployment relating to each of the following descriptions:
a)Caused by alternating trading patterns occurring at similar times.
b)Arises where workers have...
(Solved)
State the type of unemployment relating to each of the following descriptions:
a)Caused by alternating trading patterns occurring at similar times.
b)Arises where workers have more skills and higher qualifications than the job
requirements.
c)Arises out of a mismatch between the skills possessed by potential employees and
the location of the jobs available.
d)Arises when people are unwilling to take up jobs due to low pay
Date posted:
March 7, 2018
.
Answers (1)
-
What is the relationship between geography and business studies?
(Solved)
What is the relationship between geography and business studies?
Date posted:
March 6, 2018
.
Answers (1)
-
In Kenya there is a gap between the rich and the poor. Highlight four factors that contribute to this disparity in income distribution.
(Solved)
In Kenya there is a gap between the rich and the poor. Highlight four factors that contribute to this disparity in income distribution.
Date posted:
March 5, 2018
.
Answers (1)
-
Draw four channels of distribution for imported vehicles .
(Solved)
Draw four channels of distribution for imported vehicles .
Date posted:
March 5, 2018
.
Answers (1)
-
State and briefly explain the four main objectives of communication
(Solved)
State and briefly explain the four main objectives of communication
Date posted:
March 5, 2018
.
Answers (1)
-
Define the term per capita income. Show its usefulness and highlight some of its inherent shortcomings
(Solved)
Define the term per capita income. Show its usefulness and highlight some of its inherent shortcomings
Date posted:
March 2, 2018
.
Answers (1)
-
What documents that may be required by the registrar of companies in order to register a public limited company?
(Solved)
What documents that may be required by the registrar of companies in order to register a public limited company?
Date posted:
March 1, 2018
.
Answers (1)
-
Circumstances under which a direct distribution channel may be preferable.
(Solved)
Circumstances under which a direct distribution channel may be preferable.
Date posted:
February 28, 2018
.
Answers (1)
-
Explain five measures a country experiencing a balance of payment deficit may take to correct this problem
(Solved)
Explain five measures a country experiencing a balance of payment deficit may take to correct this problem
Date posted:
February 28, 2018
.
Answers (1)
-
Uses of national income statistics
(Solved)
Uses of national income statistics.
Date posted:
February 28, 2018
.
Answers (1)
-
Ways manufacturers protect consumers from exploitation
(Solved)
Ways manufacturers protect consumers from exploitation
Date posted:
February 28, 2018
.
Answers (1)
-
Highlight four reasons why the government levies taxes on her citizens.
(Solved)
Highlight four reasons why the government levies taxes on her citizens.
Date posted:
February 28, 2018
.
Answers (1)
-
Explain two techniques of minimizing the small order problem
(Solved)
Explain two techniques of minimizing the small order problem.
Date posted:
February 26, 2018
.
Answers (1)