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Form 1 business studies revision questions and answers set 2
Give four differences between goods and services
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1.
Give four characteristics of an entrepreneur.
2.
State four disadvantages of specialization of work.
3.
Outline four ways in which the utility of a product may be improved
4.
Highlight four services of retailers to consumers
5.
State four trends in modern office management
6.
Name five categories of groups that a business is socially responsible to.
7.
State four types of business activities
8.
Outline four characteristics of human wants
9.
Give four advantages of using office machines
10.
State four reasons why a business plan is important
11.
List four factors of production and their rewards
12.
Stephen started a business but after six months the business collapsed. Give four reasons that may account for this failure.
13.
State two examples of the following a) Basic wants b) Secondary wants
14.
Outline four advantages of itinerant traders.
15.
Name four sources of business ideas
16.
Outline four advantages of an enclosed office layout
17.
State any four features of indirect production
18.
Highlight four disadvantages of using a computer in the office
19.
State the term given to each of the following statements. a)Activities carried out with a view of making a profit b)Increasing the usefulness of goods and services c)A person who uses goods or services d)Study of how human beings strive to satisfy their endless wants using scarce economic resources
20.
State four ways in which consumers are exploited
21.
Highlight four factors one should consider when selecting office equipment
22.
Give four differences between goods and services
23.
Explain four factors of an electronic filing system
24.
Define the following terms as used in business studies a)Internet b)Intranet c)Website d) Teleconferencing.
25.
Outline four benefits that hawkers may have over shopkeepers
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