Professional Documents
Culture Documents
1. Give the meaning of the following as they are used in business. [18]
a) Wants:
b) Goods:
c) Services:
d) Input:
e) Output:
f) Resources:
2. Give four examples of each transformation process [16]
(a) Change of place.
(b) Changing the form of the commodity
(c ) Time
(d ) Change of ownership
Please read your note on production thoroughly and answer the following questions.
3. Classify the following under PRIMARY, SECONDARY, and TERTIARY production. [20]
Business consultancy
Making wheat into beverage
Making of bricks
Warehouse
Advertising and sales promotion
Barbers
Bike riders
Poultry farm
Diamond mining
Banking
Rearing goat for milk
Policemen
Nurses
Communication
Oil mining
Rearing bird for recreation
Making mango in fruit juice
Air defense force
Tailor
Computer engineer