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Business Studies Form 3 Mid Term 1 Examination 2020
Class: Form 3
Subject: Business Studies
Level: High School
Exam Category: Form 3 Mid Term Exams
Document Type: Pdf
Views: 1039
Downloads: 13
Exam Summary
Business Studies Form 3 Mid Term 1 Examination 2020
This file contains questions and the Marking scheme in it. Below is a preview of the questions
Attempt ALL the questions in the spaces provided (40marks)
1. Using a diagram show the effect on equilibrium price and quantity when supply increases and demand falls.(4 marks)
2. Give any four reasons why small scale firms continue to exist in an economy dominated by large scale firms. (4 marks)
3. Outline four characteristics of an Oligopolistic market structure. (4 marks)
4. The Kenyan government has been trying to attract business operations in certain areas. Highlight four measures that the government can take to achieve this. (4 marks)
5. Give four differences between perfect competition and monopolistic competition markets. [4marks]
6. Highlight four factors that may lead to the supply curve shifting to the right when the demand remains the same. (4mks)
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