(x) Workers at Mapato Company have increased the demand for normal goods in the market due to their increase in income. Which concepts explain this situation? A Change in demand B Change in quantity demanded C Interrelated demand D Market demand

Match the description of function performed by an entrepreneur in List A with the relevant function in List B by writing the letter of the correct response beside the item number in the table provided. List A (i) The process of initiating the establishment and giving it the collective intention of money. (ii) The process of setting objectives, goals and strategies of the business in advance. (iii) The situation of accepting uncertainties whenever they occur by looking for opportunities that offer both a challenge and chance of success. (iv) The process of making timely payments to other factors of production such as wages for labour, rent for land and interest for capital. (v) The process of looking for additional capital from various sources of funds. List B A Engaging new technology B Rewarding C Looking for new markets D Organizing E Risk bearing F Resources mobilization G Planning Answer List A (i) (ii) (iii) (iv) (v) List B

1. The process of initiating the establishment and giving it the collective intention of money. (1 mk)
2. The process of setting objectives, goals and strategies of the business in advance. (1 mk)
3. The situation of accepting uncertainties whenever they occur by looking for opportunities that offer both a challenge and chance of success. (1 mk)
4. The process of making timely payments to other factors of production such as wages for labour, rent for land and interest for capital. (1 mk)
5. The process of looking for additional capital from various sources of funds. (1 mk)

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In five points, briefly explain how auxiliary services help in doing business.

1. Briefly explain how auxiliary services help in doing business. (Point 5) (1 mk)

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Briefly explain the given concepts: (a) Less container load (b) Full container load (c) Mode of transport

1. Briefly explain Less container load. (1 mk)
2. Briefly explain Full container load. (1 mk)
3. Briefly explain Mode of transport. (1 mk)

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Your friend wants to engage in the production of fruits juice and she is unaware about the factors of production. Explain to her four factors of production she has to consider in carrying on with production of fruits juice.

1. Explain one factor of production. (3 mk)
2. Explain one factor of production. (3 mk)
3. Explain one factor of production. (3 mk)
4. Explain one factor of production. (3 mk)

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You are given the curves which show an increase and decrease in demand from orignal points. Explain briefly five factors for the shifting of the demand curves.

1. Explain one factor. (2 mk)
2. Explain one factor. (2 mk)
3. Explain one factor. (2 mk)
4. Explain one factor. (2 mk)
5. Explain one factor. (2 mk)

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Briefly explain five disadvantages of mail order business.

1. Explain one disadvantage. (2 mk)
2. Explain one disadvantage. (2 mk)
3. Explain one disadvantage. (2 mk)
4. Explain one disadvantage. (2 mk)
5. Explain one disadvantage. (2 mk)

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Differentiate the given concepts:

1. Entrepreneur and entrepreneurship (3 mk)
2. Innovator and motivator (3 mk)
3. Risk management and transferring risk (3 mk)

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Briefly describe five factors to be considered before selecting an area for the location of industry.

1. Describe one factor. (2 mk)
2. Describe one factor. (2 mk)
3. Describe one factor. (2 mk)
4. Describe one factor. (2 mk)
5. Describe one factor. (2 mk)

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It is important for large scale producers to store their products in warehouse. Justify this statement in five points.

1. Justify the importance of warehousing. (3 mk)
2. Justify the importance of warehousing. (3 mk)
3. Justify the importance of warehousing. (3 mk)
4. Justify the importance of warehousing. (3 mk)
5. Justify the importance of warehousing. (3 mk)

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