I) production - refers to creation of goods and services to satisfy human wants
II) distribution - refers to movement of goods from producer to final consumer
III) consumption - refers to the usage of goods and services
IV) business - refers to any activity carried out with an aim of making profit
Wincate 1 answered the question on September 29, 2017 at 14:51
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September 29, 2017
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September 29, 2017
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Explain the meaning of the following terms;
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September 29, 2017
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September 29, 2017
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September 29, 2017
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State the activities that may be carried out in a stock exchange market.
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September 29, 2017
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Give two examples of occupations related to the following production activities.
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Date posted:
September 29, 2017
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Explain any five roles played by commercial banks to the business community.
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September 28, 2017
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Describe five services rendered by retailers to consumers.
Date posted:
September 28, 2017
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(Solved)
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September 28, 2017
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September 28, 2017
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September 28, 2017
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Explain five factors that may hinder entrepreneurship development in Kenya.
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Explain five limitations of using per capita income to compare living standards of people in
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September 27, 2017
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September 27, 2017
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