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Form 3 Business Studies paper 2 questions and answers
Explain five reasons that justify insurance as an aid to trade
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Questions/Lessons on this topic:
1.
Explain five unique characteristics of services. (
)
2.
The government of Kenya has been involving herself in business. Explain five method of government involvement in business. (
)
3.
Bidii electronic ltd has been considering adopting personal selling for its product promotion. Advise the company on five circumstances under which this method would be the most appropriate. (
)
4.
Motor cycle mode of transport has become very popular in the recent past. Explain five factors that have contributed to this popularity. (
)
5.
Explain five advantages of carrying out trade activities through E-commerce (
)
6.
Mumias sugar ltd is considered to a very large firm in east Africa. Explain five reasons justifying this statement. (
)
7.
Explain the procedure of obtaining an insurance policy. (
)
8.
population comprising mostly of young people is faced with some challenges. Explain five of such challenges (
)
9.
Safaricom Ltd has successfully operated a business in Kenya making a huge profit. Explain five causes of its business success. (
)
10.
Explain five measures that government may take to encourage establishment of industries in rural areas. (
)
11.
The oil pipeline has been recently extended from Nairobi to western Kenya. Explain five benefits that may accrue to the country from this extension. (
)
12.
Explain four factors that may influence the choice of distribution channel. (
)
13.
Outline the benefit that saving and credit cooperative society provide to members. (
)
14.
Explain five ways in which warehousing facilitate trade. (
)
15.
Describe the procedure involved in personal selling method of sales promotion. (
)
16.
Highlight five measures Kenya government may put in place to reduce unemployment. (
)
17.
Explain five mode trends in the banking industry in Kenya. (
)
18.
Under what circumstances will an exporter prefer air transport to water transport? (
)
19.
Explain five reasons that justify insurance as an aid to trade (
)
20.
Explain five problems facing small scale businesses in Kenya (
)
21.
Discuss five factors that determine the amount of premium to be charged against policy (
)
22.
Highlight six problems a manufacturer is likely to face when the wholesalers is eliminated from the chain of distribution (
)
23.
Give four differences between corporations and savings and credit co-operative societies (
)
24.
Explain five factors considered in choosing viable investment to undertake (
)
25.
Explain five methods initiated by the government inorder to protect consumers (
)
26.
Explain five factors that may lead to decline of supply of a certain commodity (
)
27.
Explain five benefits that a country derives from transporting oil by pipeline (
)
28.
Explain five uses of national income statistics in an economy (
)