TEACHER.CO.KE
TERM ONE OPENER EXAM
BUSINESS STUDIES 
FORM THREE
NAME ………………………………………………. ADM NO…………….CLASS_________
ANSWER ALL QUESTIONS
TIME: 2 HOURS
1.	Outline four types of business activities. (4mks)

2. Mention four method used to determine the price of goods other than forces of demand and supply. (4mks)

3.	Highlight four characteristics of liners. (4mks)

  	
4.	Outline four advantages of producer co-operative society. (4mks)

	
5. The diagram below shows a supply curve.
           P                         S1           S2

      Price 
                        S1           S2
                    Quantity                Q          
   Highlight four factors that could have led to the above behavior. (4mks)

6. State four characteristics of services. (4mks)

7. Give four reasons why government issues license to business. (4mks)

	

8. Outline four limitations of using pipeline transports.  (4mks)

	
 
9. Highlight four factors that influence the location of a firm.  4mks

	
10. Highlight four factors to consider when selecting a means of communication. (4mks)

	

11. Give four advantages of bonded warehouse to the government. (4mks)

	
12. Highlight four characteristics of indirect production. (4mks)

	
13. Outline four public utilities provided by the county Government. (4mks)

	
14. State four contents of a business plan. (4mks)

	
15. Give differences between a Public and Private limited company. (4mks)

	
16. State the factors of production that each of the following resources relates to.  (3mks)
Resource                   factor of production
Manager                   -
Quarry                     -
Vehicle                    -
      
17. Give three reasons for existence of small firms. (3mks)

18.  Differentiate between Joint demand and Derived demand. (4mks)
	Joint demand 

	Derived demand