Which of the following is an example of an extrinsic motivation to an entrepreneur of a soft drink production company? Which of the following is an example of an intrinsic motivation to an entrepreneur of a soft drink production company?

Zamzam Trader buys goods for TZS 420,000/=. The business wishes to make a gross profit of 20% on sales. Its business expense is 60% of gross profit. Calculate the following items for Zamzam Traders: (a) Selling price (b) Gross profit (c) Markup percentage (d) Expenses

1. Selling price (0 mk)
2. Gross profit (0 mk)
3. Markup percentage (0 mk)
4. Expenses (0 mk)

Upgrade to see model answers.

List five functions performed by entrepreneurs.

1. Definition: (1 mk)
2. .................................................................................................................................................................. (1 mk)
3. Utility (5 mk)
4. .................................................................................................................................................................. (1 mk)
5. Example: (1 mk)
6. Semi-skilled labour (5 mk)
7. .................................................................................................................................................................. (1 mk)
8. .................................................................................................................................................................. (1 mk)
9. .................................................................................................................................................................. (1 mk)

Upgrade to see model answers.

Briefly explain five benefits of entrepreneurship.

1. Explain the first benefit. (2 mk)
2. Explain the second benefit. (2 mk)
3. Explain the third benefit. (2 mk)
4. Explain the fourth benefit. (2 mk)
5. Explain the fifth benefit. (2 mk)

Upgrade to see model answers.

Briefly explain five advantages of water transport when compared to road transport.

1. Briefly explain five advantages of water transport when compared to road transport. (2 mk)
2. Briefly explain five advantages of water transport when compared to road transport. (2 mk)
3. Briefly explain five advantages of water transport when compared to road transport. (2 mk)
4. Briefly explain five advantages of water transport when compared to road transport. (2 mk)
5. Briefly explain five advantages of water transport when compared to road transport. (2 mk)

Upgrade to see model answers.

Fixed cost

1. The form of trade that involves exchange of goods and services within the boundaries of a particular country. (1 mk)
2. Definition: (1 mk)
3. Example: (1 mk)
4. The form of trade that involves the exchange of goods and services between two or more countries. (1 mk)
5. The form of trade that involves buying of goods and services from other countries. (1 mk)
6. The form of trade that involves the buying of goods and services in large quantities from producers and reselling them in small quantities to the retailers. (1 mk)
7. The form of trade that involves the selling of goods and services to other countries. (1 mk)

Upgrade to see model answers.

Tertiary level of production

1. Validate this statement. (5 mk)
2. Definition: (1 mk)
3. Example: (1 mk)

Upgrade to see model answers.

List five factors for the increase in supply of the product in the market.

1. List five factors for the increase in supply of the product in the market. (5 mk)

Upgrade to see model answers.