December 10, 2020

Immediate feedback Leaves no room for alteration /misinterpretation of the message Creates a personal touch or healthy relationship between the interviewer and the interviewee. Saves time since information is passed on and a response to it received instantly enabling a decision  to be made Enables the interviewer to access extra information about the interviewee by asking probing questions. The interviewer is able to assess the confidence levels of the interviewee

Profits in sole proprietorship aren’t shared In sole proprietorship there is personal contact with customers unlike in joint stock companies Formation procedure is easier in single owned business than joint stock companies Decision making in single owned business are easier than in joint sock companies

Must have utility Should be scarce Must have money value Should be transferable

Ensure goods are of good quality Ensure the right quantity and size Ensure health standards are met Ensure safety standards are met Ensure fair pricing Protect them against breach of contract Protect from false advertising

Open market operation Bank rate method Margin requirement Selective credit Reserve requirements

Marketing of securities which facilitate flow of new capital into the industry. Protect investors by maintaining rules and discipline of the brokers. Advise and guide companies seeking capital Publishes information regarding prices of securities Transfer the title to any quoted security

Encourages single sided development since industries with comparative advantage  develops to the neglect of others Substandard and harmful products may be produced and traded leading to dilution of social welfare Dumping is encouraged which discourages development of local industries May lead to exploitation and colonisation Promotes unproductive competition which leads to closure of infant industries Presupposes the existence of leissez faire and working of price mechanism  under perfect market which are unrealistic

Show room sales Display of goods in a room attendants Provision of detailed information about the products Trade fairs and exhibitions Manufacturers / Agriculturist stalls ( outlets) Visiting customers in homes or towns (e.g insurance) Posting sales girls / boys in supermarkets shops

Balance of trade : The difference between the values of visible exports and visible imports of a country over a given period  ( 2mks) Balance of payments : The difference between the record  of a country’s visible and invisible exports against the value of her invisible imports over a period

A necessary aspect of planning A tool for correcting development plans that are not feasible A standard measure of government performances Forces the government to prioritise its projects and plans Reflects government monetary policies used to control the supply of money Evaluates the success and failures of the economy Motivates the facilitators to meet the set objective by working hard

Availability of spare parts Guarantee- repair of the articles for a specific period of time after purchase Technical advise to the consumer on the use of items Helping to install machinery or equipment Servicing of goods from time to time Delivery / transporting the goods to customers premises.

Easy handling of goods – containers are designed to enable use of machinery Less damage to goods Safety – They are sealed until they reach the importers Low premium insurance costs, this results due to less risks Use of specially designed containers for special goods (.e.g tankers) Reduced inspection hence less disturbance to the goods