1. Detecting business opportunities through creativity, innovativeness,learning and surveys which will lead to new potential businesses in the country.
2. Proper organizing of factors of production to ensure economical and profitable us of resources.
3.Controlling businesses in an effective order to ensure wealth maximization and employment opportunities are met.
4.Entrepreneurs should be able and willing to finance the bills and expenses of businesses to ensure optimum and sustainable use of the available resources
aluuz answered the question on September 18, 2018 at 17:28
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Scenario A, You are currently employed by highway assemblers, who assemble motorbike parts in Kenya. The management is making a decision of whether to continue...
(Solved)
Scenario A, You are currently employed by highway assemblers, who assemble motorbike parts in Kenya. The management is making a decision of whether to continue importing the parts or complete bike from China.
Required:
(a) Explain to them the factors to be considered in making such a decision.
(b) Discuss the limitations of partnership sourcing.
(c) Explain the benefits and limitations of international sourcing.
(d) Why is a market analysis necessary in sourcing?
(e) Discuss the disadvantages to an organization the application of EDI (Electronic
Data Interchange) in the process of sourcing for its material or spare parts.
Date posted:
August 30, 2018
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Explain the methodology for disaster risk management.
Date posted:
August 29, 2018
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(Solved)
Outline the circumstances under which the following characteristics of human wants may be observed: (a)complimentary wants (b)wants become habitual
Date posted:
August 26, 2018
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You are provided with the following information for a certain company,
Annual demand=4000 units,cost per unit Ksh 200, cost of replacing an order 5000 annually. Inventory...
(Solved)
You are provided with the following information for a certain company,
Annual demand=4000 units,cost per unit Ksh 200, cost of replacing an order 5000 annually. Inventory carrying cost is expressed as a percentage of cost of average stock as 20%
Required
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Date posted:
August 25, 2018
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(Solved)
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August 24, 2018
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(Solved)
Differentiate between human wants and human needs
Date posted:
August 22, 2018
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(Solved)
What kind of factors that might affect attitudes towards charging sustainable interest rates by micro finance institution in the Kenyan market environment?
Date posted:
August 21, 2018
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(Solved)
Give five assumptions in monopolistic product market
Date posted:
August 16, 2018
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(Solved)
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Date posted:
August 14, 2018
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(Solved)
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Date posted:
August 12, 2018
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Country X has been experiencing an upward trend in the price of petrol as a result of a rise in inflation. State four steps that can...
(Solved)
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Date posted:
August 11, 2018
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Highlight circumstances under which a producer will find it necessary to transport goods by train.
Date posted:
August 10, 2018
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(Solved)
State any four ethical considerations in product promotion.
Date posted:
August 10, 2018
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(Solved)
State four method of after sales services.
Date posted:
August 10, 2018
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(Solved)
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Date posted:
August 9, 2018
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(Solved)
Discuss the various types of specification used by business organizations
Date posted:
August 9, 2018
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(Solved)
Explain the purpose of material specification in purchasing and supply management.
Date posted:
August 9, 2018
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(Solved)
Give reasons why tax:G.D.P ratio is poor in developing countries.
Date posted:
August 7, 2018
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Explain five factors that the government has taken to encourage establishment of industries in rural areas?
(Solved)
Explain five factors that the government has taken to encourage establishment of industries in rural areas?
Date posted:
August 7, 2018
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Answers (1)
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Explain five reasons why computerized filing has been adopted by most institutions over manual filing system
(Solved)
Explain five reasons why computerized filing has been adopted by most institutions over manual filing system
Date posted:
August 7, 2018
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Answers (1)