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Principles of Business
2 hours
1. (a) State Four characteristics of a Partnership and Four characteristics of a Sole Trader (8 marks)
(b) Discuss 3 benefits a business would enjoy if it is converted from a sole trader to a partnership (6)
(c) Out line three distinguishing features of a free market economy as opposed to a planned economy
Total 20 marks
(1) Locally
Total 20 marks
(b) Distinguish between advertising and sales Promotion and give three examples of each.(10 marks)
(c) Discuss Two benefits which a supermarket can receive from engaging in Public Relations activities
such as the awarding of scholarships (7 marks)
Total 20 marks
4. (a) State 6 factors that must be taken into consideration for locating a business (6 marks)
Total 20 marks
Total 20 marks