(i) Variety of goods and services as one can produce different types of goods at the same time.
(ii) Involves uses of locally simple tools hence one may not necessarily need advanced technology which could be expensive to acquire.
(iii) Independence; as production is self-sufficient and producers produce enough for their own use.
(iv) Cost is affordable as the capital required for one to produce goods for one's own consumption is less compared to indirect production.
(v) No wastage as one produces what he/ she can produce what he or she can consume alone hence no extras which can get spoilt.
maurice.mutuku answered the question on July 6, 2017 at 05:27
-
Why does the Kenyan government impose tax?
(Solved)
List reasons why the Kenyan government imposes tax.
Date posted:
July 5, 2017
.
Answers (1)
-
What is a current asset?
(Solved)
Define current asset.
Date posted:
July 5, 2017
.
Answers (1)
-
Why do many governments discourage localization of firms?
(Solved)
Give reasons why many governments discourage localization of firms.
Date posted:
July 5, 2017
.
Answers (1)
-
What is personal selling?
(Solved)
Define personal selling.
Date posted:
July 5, 2017
.
Answers (1)
-
What is Publicity?
(Solved)
Define publicity.
Date posted:
July 5, 2017
.
Answers (1)
-
What is advertising?
(Solved)
Define advertising.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the advantages of pipeline transport over the road transport?
(Solved)
Give the advantages of pipeline transport over the road transport.
Date posted:
July 5, 2017
.
Answers (1)
-
What is public relations?
(Solved)
Define public relations.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the contents of a cover note?
(Solved)
Give the contents of a cover note.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the merits of a bonded warehouse to the Government?
(Solved)
List the merits of a bonded warehouse to the Government.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the limitations of a siren as a means of communication?
(Solved)
Give the limitations of a siren as a means of communication.
Date posted:
July 5, 2017
.
Answers (1)
-
Why do consumers need protection from unscrupulous traders?
(Solved)
Give reasons why consumers need protection from unscrupulous traders.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the features of a departmental store?
(Solved)
Give the features of a departmental store.
Date posted:
July 5, 2017
.
Answers (1)
-
What measures may be taken by an office manager to safeguard the property of the organization?
(Solved)
Give measures that may be taken by an office manager to safeguard the property of the organization.
Date posted:
July 5, 2017
.
Answers (1)
-
What factors should an entrepreneur consider before investing in a business opportunity?
(Solved)
Highlight factors that an entrepreneur should consider before investing in a business opportunity.
Date posted:
July 5, 2017
.
Answers (1)
-
What remote external factors influence business operations?
(Solved)
Give remote external factors that influence business operations.
Date posted:
July 1, 2017
.
Answers (1)
-
Intermediaries play a key role in the chain of distribution, what are such roles?
(Solved)
Intermediaries play a key role in the chain of distribution, discuss such roles.
Date posted:
July 1, 2017
.
Answers (1)
-
In what ways can a computer improve efficiency of an organization?
(Solved)
Give ways in which a computer can improve efficiency of an organization.
Date posted:
July 1, 2017
.
Answers (1)
-
What are the factors affecting the circular flow of income?
(Solved)
List the factors that affect the circular flow of income.
Date posted:
June 30, 2017
.
Answers (1)
-
What are the differences between whole life policy and endowment policy?
(Solved)
Distinguish between a whole life policy and endowment policy.
Date posted:
June 30, 2017
.
Answers (1)