QUESTIONS
- Define the following terms:
- Business (2mks)
- Business studies(2mks)
- State four importance of studying business in society (4mks)
- State four types of business activities.(4mks)
- State four sources of business idea.(4mks)
- Classify the following as either renewable or non-renewable resources (4mks)
Sunshine
Furniture
Crude oil
Building stones
- State four types of business utility.(4mks)
- Highlight four characteristics of direct production (4mks)
- State four factors of production and their rewards (4mks)
- Outline four factors that one should consider when selecting equipment. (4mks)
- Outline four devices offered by wholesalers to producers. (4mks)
- Highlight four importance of product promotion.(4mks)
- Give the meaning of the following types of advertising.(4mks)
- Productivity
- Institution advertising
- Celebrity advertising
- Reminder advertising
- State four factors that influence individuals demand for commodity.(4mks)
- State four factors that influence location of a firm. (4mks)
- Highlight four features of a good filling system.(4mks)
- The following are factors influencing business, tick appropriately (4mks)
Factors
Internal environment
External environment
Business technology
Financial
Demographics
Legal political
- State four characteristics of basic human wants (4mks)
- Differentiate between forms of communication and means of communication. (2mks)
MARKING SCHEME
- Define the following terms:
- Business (2mks)
- Any activities that is carried out by an individual or an organization concerning provision of goods and services with a view of making profit.
- Business studies(2mks)
- Is the study of the activities that are carried out in and around production, distribution, and consumption of goods and services.
- Business (2mks)
- State four importance of studying business in society (4mks)
- Help individuals to develop positive attitude towards the environment.
- Assists individuals to acquire self discipline and positive attitude towards work.
- Enable individuals understand role of government in business activities.
- Equips individuals to understand the role of communication and information technology in modern business management
- State four types of business activities.(4mks)
- Extraction
- Processing of raw materials
- Manufacturing
- Construction
- trade
- State four sources of business idea.(4mks)
- Hobbies
- Survey
- Shows and exhibitions.
- Newspapers.
- Classify the following as either renewable or non-renewable resources (4mks)
Sunshine
Renewable
Furniture
Non-renewable
Crude oil
Non-renewable
Building stones
Non-renewable
- State four types of business utility.(4mks)
- Time utility
- Possessive utility
- Form utility
- Place utility
- Highlight four characteristics of direct production (4mks)
- Low quality.
- Leads to individualism.
- Hinders specialization.
- Tiring.
- State four factors of production and their rewards (4mks)
- Land-rates
- Capital-interest
- Labour-wage/salary
- Entrepreneurship-profit
- Outline four factors that one should consider when selecting equipment. (4mks)
- Cost
- Adaptability
- Durability
- Effect on staff moral
- Availability of complimentary resources.
- Outline four devices offered by wholesalers to producers. (4mks)
- Relieves the producer’s problem of distribution.
- Relieves producers from marketing risks.
- Relieves producers storage risks.
- Relieves producers from problem of market research.
- Highlight four importance of product promotion.(4mks)
- Creates awareness of existence of a product to consumers.
- Reminds consumers about existence of a product.
- Informs the consumers on where to get a product.
- Helps build a consumer loyalty on the product.
- Give the meaning of the following types of advertising.(4mks)
- Productivity
- Aims at increasing the sale of a particular brand of a product.
- Institution advertising
- Popularizes the business organization and not individual products.
- Celebrity advertising
- Used to remind customers that the product is still available using a renowned personality.
- Reminder advertising
- Remind the customer that the product is still available.
- Productivity
- State four factors that influence individuals demand for commodity.(4mks)
- Price of the commodity.
- Level of customer income.
- Change in population.
- Seasonal changes.
- Government policies.
- State four factors that influence location of a firm. (4mks)
- Availability of raw materials.
- Market availability.
- Availability of human resources.
- Government policies.etc.
- Highlight four features of a good filling system.(4mks)
- Accessibility.
- Economical.
- Flexibility.
- Suitability. Etc.
- The following are factors influencing business, tick appropriately (4mks)
factors
Internal environment
External environment
Business technology
Financial
Demographics
Legal political
- State four characteristics of basic human wants (4mks)
- One cannot do without them.
- They are felt needs.
- They cannot be postponed.
- They are satisfied before secondary wants.
- Differentiate between forms of communication and means of communication. (2mks)
- Forms-methods or ways of passing on messages.
- Means-is the device used to pass on information.
Download Business Studies Questions and Answers - Form 2 End of Term 3 Exams 2022.
Tap Here to Download for 50/-
Get on WhatsApp for 50/-
Why download?
- ✔ To read offline at any time.
- ✔ To Print at your convenience
- ✔ Share Easily with Friends / Students