Form 3 Business Studies paper 2 questions and answers
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Explanation/Answer Text:
- Cannot be stored-they are perishable hence cannot be kept for future use.
- Quality cannot be standardized services are variable over time or from one provider to the other.
- Inseparable from the provider-services cannot be transferred from one person to another.
- Cannot be seen-services are inform of action and immaterial hence cannot be seen.
Questions/Lessons List
1. Explain five unique characteristics of services. ( free lesson)
5. Explain five advantages of carrying out trade activities through E-commerce ( free lesson)
7. Explain the procedure of obtaining an insurance policy. ( free lesson)
12. Explain four factors that may influence the choice of distribution channel. ( free lesson)
13. Outline the benefit that saving and credit cooperative society provide to members. ( free lesson)
14. Explain five ways in which warehousing facilitate trade. ( free lesson)
15. Describe the procedure involved in personal selling method of sales promotion. ( free lesson)
16. Highlight five measures Kenya government may put in place to reduce unemployment. ( free lesson)
17. Explain five mode trends in the banking industry in Kenya. ( free lesson)
18. Under what circumstances will an exporter prefer air transport to water transport? ( free lesson)
19. Explain five reasons that justify insurance as an aid to trade ( free lesson)
20. Explain five problems facing small scale businesses in Kenya ( free lesson)
24. Explain five factors considered in choosing viable investment to undertake ( free lesson)
25. Explain five methods initiated by the government inorder to protect consumers ( free lesson)
26. Explain five factors that may lead to decline of supply of a certain commodity ( free lesson)
27. Explain five benefits that a country derives from transporting oil by pipeline ( free lesson)
28. Explain five uses of national income statistics in an economy ( free lesson)
