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FORM 2 BUSINESS STUDIES
- State the term given to each of the following statements.(4mks)
| Statement | Term |
| Movement of goods and services from producers to consumers | |
| Creation of goods and services | |
| Using a good or service | |
| Satisfaction derived from using a good or a service. |
- Give four sources of business ideas.(4mks)
- Under what circumstances would cash with order (c.w.o) be appropriate in a business.(4mks)
- Outline four principles of cooperatives (4mks)
- Give four sources of capital for a limited liability company (4mks)
- State four advantages of partnerships over sole proprietorship.(4mks)
- Outline four measures taken by an office business to safeguard an organization property.(4mks)
- Outline four advantages of an enclosed office layout.(4mks)
- State four factors of production giving a reward for each.(4mks)
- Identify the macro-environmental factors affecting business operations as described by the following.
| Statement | Factor |
| .Law and policies that regulate business activities. | |
| Affects buyer’s ability to buy commodities offered by a business. | |
| Firms selling similar products trying to outdo each other. | |
| Dictates how people live and what products they consume. |
- Give four reasons why office documents should be filed.(4mks)
- Outline four features of a supermarket (4mks)
- Outline four reasons why choice is important in satisfaction of human wants.(4mks)
SECTION B.
ANSWER ALL QUESTIONS IN THIS SECTION
- a. Explain three roles of an entrepreneur to an economy .(6mks)
b. Identify four characteristics of economic resorces (4mks)
- a.A form four School leaver intends to start a business. Outline three ways in which knowledge of business studies will benefit him.(6mks)
