September 4, 2022

 Business Studies Paper 2 (565/2) 1. (a) Explaining the types of inflation (i) Demand-Pull inflation Refers to a progressive increase in the general level of prices brought about by an expansion in demand. There is too much money chasing very few goods. (ii) Cost-Push inflation A progressive increase in the general price level brought about […]

1 Business Studies Paper 1 (565/1) 1 Types of wholesalers (a) Specialized wholesaler (b) Regional wholesaler (c) Rack jobbers (d) General line wholesaler (4 X 1 mark = 4 marks) 2 Factors to consider before buying office equipment include: (a) space available (b) use of which it be put (c) technological trends in the industry

 Business Studies (565/2) 1.(a) Benefits that may accrue to a country with a large proportion of skilled labour force include: (i) Saving on foreign exchange that would have been used to pay expartriates/ imported labour. (ii) Production of high quality goods/services as the workers are experts in their respective areas. (iii) Increased output of goods/services

 Business Studies Paper 1 (565/ 1) 1. Ways in which Business Studies may benefit an individual include: (a) Equips the individual with skills and knowledge to manage a business. (b) Prepares one for future career in business. (c) Enables one to relate issues affecting business to its environment. (d) Enables one to relate issues affecting

 Business Studies (565/2) 1. (a) Benefits that a firm may enjoy by preparing a business plan include: (i) Sourcing for finance/capital/loans. It can be used to convince financial institutions and investors to fund the firm’s operations. (ii) A tool for evaluation. It can be used to determine whether the firm is achieving its goals and

 Business Studies Paper 1 (565/ 1) 1. Features of human wants as described are: (a) Insatiable. (b) Recurrent / Repetitive. (c) Complementary. (d) Competitive. 2. Occupations that relate to the production activities are: (a) Extraction: (i) mining. (ii) fishing. (iii) lumbering. (iv) farming. (b) Construction: (i) bridge making (ii) road construction. (iii) ship building. (iv)

2016 Business Studies Paper 2 Questions and Answers No. la. Explain five factors that may promote entrepreneurship in Kenya. (10 marks) ❖ Government support/ favourable government policies/ funding regulation (of business activities) may encourage the emergence expansion of business venture. ❖ Training/ in education entrepreneurship/ trainees are equipped with skills/ knowledge to undertake entrepreneurial activities

2016 Business Studies paper 1 No.1..State four external factors that may negatively influence the operations of a business. (4 marks) ❖ Unfair competition. ❖ Inadequate technology. ❖ Unstable political environment. ❖ Unstable economic environment. ❖ Unfavorable legal frameworks. ❖ Unreliable supply systems. ❖ Strong consumer bargaining power. ❖ Poor physical facilities and infrastructure. ❖ Low

2017 Business paper 2 1.(a).Explain five ways in which the internl environment may contribute to the success of a business enterprise. (10 marks) A functional business structure. Formal arrangement of functions and the relationships of people that is directed towards achievement of organizational goals. Employment of qualified, skilled and experienced personnel. Vlfllen the correct labour

Questions and Answers 2017 Business Studies paper 1 1. State four elements of the demographic environment that may influence the operations of a business. (4 marks) – The population size. – The geographical distribution of the population.- – The population density. – The distribution of the population by sex/Gender.- – The distribution of the population

2018 Business Studies paper 2 1. (a)Explain five circumstances that may lead to the existence of a business opportunity to be exploited by the entrepreneur. (10 marks)   Lack of some products/services.Custoiners may need some products/services which are not easily found in their area.  Higher prices of goods/services.Existing market prices may be unnecessarily high hence

Questions and Answers 2018 Business Studies paper 1 1. Outline four features of labour as a factor of production. (4 marks) (a) Labour is perishable/cannot be stored. (b) It is not separable from the labourer. (c) The quality of labour is variable. (d) It is mobile/can move from one place to another. (e) It earns