Demand and Supply - Business Studies Form 3 Notes

Demand | Factors that Influence the Demand of a Product/Determinant of Demand | Derived Demand | Joint Demand | Demand Schedule | Demand Curve | Movement along the Demand Curve | Shift in Demand Curve | Supply | Factors Which Influence Supply of a Product | Supply Schedule | Supply Curve | Movement Along the Supply Curve | Shift in Supply Curves | Equilibrium Price and Quantity | Excess Demand | Excess Supply | Effects on Shift in Demand Curve and Supply Curve on the Equilibrium | Other Methods of Price Determination | Past KCSE Questions on the Topic | Paper 1 | Paper 2

Size and Location of a Firm - Business Studies Form 3 Notes

Definition | Factors to Determining Decision on what Goods and Services to Produce | Factors Determining the Size of a Firm | Location of the Firm | Factors that Influence the Location of Firms | Localization and Delocalization of Firms | Localization of Firms | Delocalization of Firms | Economies and Diseconomies of Scale | Economies of Scale | Diseconomies of Scale | Reasons for the Continued Existence of Small Firms in an Economy | Implication of Production Activities on Environmental and Community Health | Past KCSE Questions on the Topic | Paper 1 | Paper 2

Product Markets - Business Studies Form 3 Notes

Definition | Types and Features of a Product Market | Perfect Competition | Monopoly | Oligopoly | The Kinked Demand Curve | Past KCSE Questions on the Topic

Chain of Distribution - Business Studies Form 3 Notes

Introduction | Middleperson/Intermediaries | Expenses Incurred by Wholesalers when they Buy Goods from Producers | Channels of Distribution for Various Products | Distribution of Imported Goods | Distribution of Locally Manufactured Goods | Distribution of Local Agriculture Produce | Roles Played by Intermediaries in the Distribution Chain | Factors Influencing the Choice of Distribution Channel | Past KCSE Questions on the Topic

National Income - Business Studies Form 3 Notes

Introduction | Terms Used in National Income | Gross Domestic product (GDP) and Net Domestic Product (NDP) | Gross National Product (GNP) and Net National Product (NNP) | Per Capita Income | The Circular Flow of Income | Assumptions Made for the Circular Flow of Income to Hold | Injections | Withdrawals/Leakages | Factors that Affect the Circular Flow of Income | Equilibrium National Income | Measurement of National Incomencome | Expenditure Approach | Income Approach | Output Approach(Value Added) | National Income Statistics | Uses of National Income Statistics | Disadvantages of Using National Income to Compare Standards of Living in Different Countries | Factors That Influence The Level Of National Income | Past KCSE Questions on the Topic

Population and Employment - Business Studies Form 3 Notes

Definition | Basic Concepts in Population | Population Growth Rate | Optimum Population | Under Population | Over Population | Young Population | Ageing Population | Declining Population | Implication of Population Size and Structure on Development | Positive Implications | Negative Implications of a Rapid Population Growth | Employment and Unemployment | Employment | Unemployment | Past KCSE Questions On The Topic

Net Worth of a Business - Business Studies Form 3 Notes

Business Transactions | Basic Terms Used in Business | Book Keeping Equation | Balance Sheet | Structure of Balance Sheet | Importance of Balance Sheet | Relationship Between Book – Keeping Equation and Balance Sheet | Net worth of a Business | Past KCSE Questions On The Topic

Business Transactions - Business Studies Form 3 Notes

Definition | Classification Of Business Transactions | Cash Transactions | Credit Transactions | Effects of Transactions on the Balance Sheet | Effects of Transactions on Balance Sheet Totals | Changes In Capital | Past KCSE Questions On The Topic

The Ledger - Business Studies Form 3 Notes

Definition | Rules of Recording Transactions in Ledger Accounts | Assets | Liability | Capital | Expenses | Revenues | The Concept of Double Entry | Recording Business Transaction In The Ledger Accounts | Recording of Stock In Ledger Accounts | Recording of Expenses in the Ledger Accounts | Recording of Revenues in the Ledger Accounts | Recording of Drawings in the ledger Accounts | Balancing Ledger Accounts | Steps Followed when Balancing an Account | Uses of Ledger Accounts | Trial Balance | Rules for Preparation of Trial Balance | Purpose of a Trial Balance | Limitations of a Trial Balance | Types of Ledgers | Past KCSE Questions on the Topic

The Cash Book - Business Studies Form 3 Notes

Definition | Types of Cash Books | Single – Column Cash Book | Two Column Cash Book | Three Column Cash Book | Past KCSE Questions on the Topic