-Decision making and implementation will be fast
-Trader will have close and personal conduct with customer and cater for their needs effectively
-Enjoys profit alone
-He will be able to maintain top secrets of the business operations
-Few legal procedures required to set up the business
Kavungya answered the question on September 25, 2019 at 13:54
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State the characteristics of human wants that suit the following statements.
a) wants are so many compared to resources
b) Once satisfied some wants are left again...
(Solved)
State the characteristics of human wants that suit the following statements.
a) wants are so many compared to resources
b) Once satisfied some wants are left again and again
c) satisfaction of a given want gives rise to another
e) Everybody needs them in one form or another
Date posted:
September 25, 2019
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Answers (1)
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Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows;
Purchases...
(Solved)
Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows;
Purchases Shs. 800,000
Sales Shs 950,000
Net profit 5 % of sales
Closing stock Shs 200,000
Calculate;
(i) The gross profit
(ii) The opening stock
(iii)The mark-up percentage
(iv) The net profit.
Date posted:
September 25, 2019
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Answers (1)
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With the aid of a diagram, explain the effects of an increase in supply to equilibrium price and quantity of commodity.
(Solved)
With the aid of a diagram, explain the effects of an increase in supply to equilibrium price and quantity of commodity.
Date posted:
September 25, 2019
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Answers (1)
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Bitare S.D.A is a new Secondary School. The Principal wishes to introduce filing of documents in the school. Explain five factors that she will consider...
(Solved)
Bitare S.D.A is a new Secondary School. The Principal wishes to introduce filing of documents in the school. Explain five factors that she will consider before choosing a filing system.
Date posted:
September 25, 2019
.
Answers (1)
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The use of motor cycles transport is becoming very popular in both rural and urban areas of Kenya. Explain the limitation a business that relies...
(Solved)
The use of motor cycles transport is becoming very popular in both rural and urban areas of Kenya. Explain the limitation a business that relies on its use is likely to encounter.
Date posted:
September 25, 2019
.
Answers (1)
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Masanga wanted to open an account with a commercial bank. Give five reasons why you should advice him to open a current account.
(Solved)
Masanga wanted to open an account with a commercial bank. Give five reasons why you should advice him to open a current account.
Date posted:
September 25, 2019
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Answers (1)
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State four external dis-economies of scale that a firm may get.
(Solved)
State four external dis-economies of scale that a firm may get.
Date posted:
September 25, 2019
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Answers (1)
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Outline four factors that an entrepreneur will consider when determining the most viable business opportunity.
(Solved)
Outline four factors that an entrepreneur will consider when determining the most viable business opportunity.
Date posted:
September 25, 2019
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Answers (1)
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State the benefits that an investor could derive from a stock exchange market.
(Solved)
State the benefits that an investor could derive from a stock exchange market.
Date posted:
September 25, 2019
.
Answers (1)
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From the following list of items, classify them to either internal or external environment.
(i) Employees
(ii) Inflation
(iii) Technology applied
(iv) Invested funds
(v) Cultural factors
(vi) Tools
(vii) Entrepreneur
(viii) Political...
(Solved)
From the following list of items, classify them to either internal or external environment.
(i) Employees
(ii) Inflation
(iii) Technology applied
(iv) Invested funds
(v) Cultural factors
(vi) Tools
(vii) Entrepreneur
(viii) Political factors
Date posted:
September 25, 2019
.
Answers (1)
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The following balance sheet was extracted from the books of Kirui traders on 1st April 2011.
The following transactions took place during the month of April...
(Solved)
The following balance sheet was extracted from the books of Kirui traders on 1st April 2011.
The following transactions took place during the month of April 2011.
4.04.2011 Mrs Kirui sold her personal assets for sh.30000 receiving payment by
Cheque which she invested in the business.
10.04.201 She purchased goods for sh.29000 on credit from Mutai
19.04.2011 She returned goods worth sh.3000 to Mutai after they were found defective
30.04.2011 She sold goods for sh.12000 cash
Required
Open the relevant ledger accounts, record the above transactions and balance them off.
Date posted:
September 25, 2019
.
Answers (1)
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Mr. Kisuiya insured his house with an Insurance company for sh.1,000,000. After some months Mr. Kisuiya’s house was completely destroyed by fire. Highlight five reasons...
(Solved)
Mr. Kisuiya insured his house with an Insurance company for sh.1,000,000. After some months Mr. Kisuiya’s house was completely destroyed by fire. Highlight five reasons which may make the Insurance company not to compensate Mr. Kisuiya
Date posted:
September 25, 2019
.
Answers (1)
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Unemployment is a problem in any economy in the world. Explain five measures that the Kenyan government may take to reduce this problem.
(Solved)
Unemployment is a problem in any economy in the world. Explain five measures that the Kenyan government may take to reduce this problem.
Date posted:
September 25, 2019
.
Answers (1)
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Give four incentives that a government may give investors to encourage development of firms in a certain area.
(Solved)
Give four incentives that a government may give investors to encourage development of firms in a certain area.
Date posted:
September 25, 2019
.
Answers (1)
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State four ways in which the government may promote local trade.
(Solved)
State four ways in which the government may promote local trade.
Date posted:
September 25, 2019
.
Answers (1)
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Outline four advantages of a systematic arrangement of goods in a warehouse.
(Solved)
Outline four advantages of a systematic arrangement of goods in a warehouse.
Date posted:
September 25, 2019
.
Answers (1)
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The following are some of the documents used in International trade; Proforma Invoice,Consular Invoice, Certificate of origin and Indent. Match each document with the Appropriate...
(Solved)
The following are some of the documents used in International trade; Proforma Invoice,Consular Invoice, Certificate of origin and Indent. Match each document with the Appropriate description in the table below.
Date posted:
September 25, 2019
.
Answers (1)
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Give four reasons why it would be advisable to take an endowment policy instead of a whole life policy.
(Solved)
Give four reasons why it would be advisable to take an endowment policy instead of a whole life policy.
Date posted:
September 25, 2019
.
Answers (1)
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The diagram below shows equilibrium price and quantity.
Draw a new demand curve on the diagram above showing a decrease in demand and the effect on;
(i)equilibrium...
(Solved)
The diagram below shows equilibrium price and quantity.
Draw a new demand curve on the diagram above showing a decrease in demand and the effect on;
(i)equilibrium price
(ii)equilibrium quantity
(iii)equilibrium point
Date posted:
September 25, 2019
.
Answers (1)
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Give four reasons why discounts are granted.
(Solved)
Give four reasons why discounts are granted.
Date posted:
September 25, 2019
.
Answers (1)