Identify four features of perfect competition market.

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State four possible sources of business ideas.

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Outline four characteristics of a country that is experiencing economic development. ......................................................................................................................................................... ......................................................................................................................................................... ......................................................................................................................................................... .........................................................................................................................................................

Determine the missing figures in the table below

List four disciplines learnt in business studies.

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Outline four characteristics of a private limited company. ......................................................................................................................................................... ......................................................................................................................................................... ......................................................................................................................................................... .........................................................................................................................................................

Explain the meaning of the following terms as used in relation to the population of a country.

a) Mortality (2mks)

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b) Fertility

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Highlight four advantages of a landscape office layout to a business organization. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

Classify the following accounts as either real, nominal or personal accounts.

Give four limitations of barter trade. (4mks)

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State four ways in which businesses cause environmental degradation. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

Outline four unethical practices by traders that consumers may need to be protected against by the government. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

State four negative effects of high rate of taxation to an economy. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

State four means of payment used by traders to pay for goods and services. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

Give four reasons why most rivers in Kenya are not suitable for transport. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

The following is a supply schedule for maize on a market for a week.

Highlight four circumstances that could have led to the supply schedule. (4mks) ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

State four reasons why warehousing is important to businesses. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

State four factors in the external environment that can lead to success of a business. ....................................................................................................................................................... ....................................................................................................................................................... ....................................................................................................................................................... .......................................................................................................................................................

Identify four uses of a cash book in a business

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The following information relates to Kimaeti enterprises for the year ending 31st Dec 2013

Item Shs

Opening stock 20,000

Closing stock 45,000

Purchases 78,000

Sales 150,000

Determine

i) Margin percentage (2mks)

ii) Rate of stock turn over (2mks)

Classify the following human wants as; basic or secondary wants.

State four reasons why publicity is increasingly being used by firms to promote their products. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. .................................................................................................................................................

Identify a suitable means of communication for each of the following situations.

Highlight four factors that may lead to increase in the level of national income of a country. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. .................................................................................................................................................

Name four categories in which goods produced in a country can be classified. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. ................................................................................................................................................. .................................................................................................................................................