Scribd Logo
Upload

Welcome to Scribd!

  • 11 views

    Business Studied p1 2007

    Uploaded by

    silasanesujunior
    The document contains a 70-mark Section A exam with 12 questions covering various economic and business concepts. Question 1 asks about different economic systems and the economic structure of the student's country. Question 2 distinguishes between vertical and lateral integration and justifies the need for economic growth. Question 3 provides income data and asks the student to calculate averages and identify the mode and median. The remaining questions cover topics such as motivation, gearing, communication problems, market segmentation, costs, productivity, sources of finance, quotas, price elasticity, and more.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Business Studied p1 2007

    Uploaded by

    silasanesujunior
    11 views2 pages
    The document contains a 70-mark Section A exam with 12 questions covering various economic and business concepts. Question 1 asks about different economic systems and the economic structure of the student's country. Question 2 distinguishes between vertical and lateral integration and justifies the need for economic growth. Question 3 provides income data and asks the student to calculate averages and identify the mode and median. The remaining questions cover topics such as motivation, gearing, communication problems, market segmentation, costs, productivity, sources of finance, quotas, price elasticity, and more.

    Original Description:

    Class

    Original Title

    business_studied_p1_2007

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document contains a 70-mark Section A exam with 12 questions covering various economic and business concepts. Question 1 asks about different economic systems and the economic structure of the student's country. Question 2 distinguishes between vertical and lateral integration and justifies the need for economic growth. Question 3 provides income data and asks the student to calculate averages and identify the mode and median. The remaining questions cover topics such as motivation, gearing, communication problems, market segmentation, costs, productivity, sources of finance, quotas, price elasticity, and more.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11 views2 pages

    Business Studied p1 2007

    Uploaded by

    silasanesujunior
    The document contains a 70-mark Section A exam with 12 questions covering various economic and business concepts. Question 1 asks about different economic systems and the economic structure of the student's country. Question 2 distinguishes between vertical and lateral integration and justifies the need for economic growth. Question 3 provides income data and asks the student to calculate averages and identify the mode and median. The remaining questions cover topics such as motivation, gearing, communication problems, market segmentation, costs, productivity, sources of finance, quotas, price elasticity, and more.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Section A [70 Marks]

    Answer all questions

    1 (a) The free market enterprise is one of the basic economic system. State other two. (2)

    (b) Which economic structure best describe the economy of your country?

    Support you answer. (2)

    2 (a) Using examples distinguish between vertical and lateral integration. (4)

    (b) Justify the need for growth in your country. (4)

    3 The following data shows incomes of nine employees in food outlet.

    Monthly Income in `000 dollars

    120, 128, 122, 120, 135,

    (a) Calculate arithmetic mean (2)

    (b) Determine the value of mode and the value median (2)

    4 ‘’Workers are solely motivated by financial reward.’’ Asses this statement. (6)

    5 (a) What do you understand by the tear gearing? (2)

    (b) Comment on debtors can be managed by a firm.


    (3)

    6 (a) Identify and explain any two communication problems that lie with the receiver. (4)

    (b) Comment on managers might use to overcome these problems. (4)

    7 (a) Explain the meaning of market segmentation. (2)

    (b) Why may business wish to segment its market for their products? (4)

    8 (a) How fixed cost differ variable cost? (2)

    (b) Comment on the limitation of contribution costing. (4)

    9 (a) What do you understand by worker productivity? (2)

    (b) How can a manager raise the productivity of its work force. (3)

    10 (a) Distinguish between short term sources of finance and long term sources of finance (4)

    (b) Explain any two factors considered when selecting the appropriate way source of finance.
    (4)

    11 (a) What is mean by team quota? (2)

    (b) Why may government of you country be worried about increased import expenditure? (2)

    12 Evaluate the usefulness of price elasticity of demand when making pricing decisions. (4)

    9198/1 J2007
    solutions

    You might also like