BISHOP GATIMU NGANDU GIRLS HIGH SCHOOL

BUSINESS STUDIES

FORM 1

HOLIDAY ASSINGNMENT

1.Explain the meaning of the following disciplines as used in Business studies .

i) Commerce

ii)Entrepreneurship

iii)Office practice

iv) Accounting

v) Economics

2. Outline five reasons why business Studies is of importance to you.(5mks)

3.Highlight five reasons why many people start businesses in kenya.(5mks)

4.State four internal (micro factors) that positively influence the operations of a business.(4mks)

5.Highlight four external factors that may negatively influence the operations of Business.(4mks)

6.State four ways in which technological factors have affected business operations.(4mks)

7.Highlight five problems that consumers face in satisfaction of human wants .(5mks)

8. Outline four factors that limit an individual’s ability to satisfy his basic wants .(4mks)

9.Explain four characteristics of economic resources .(8mks)

10.The following is a table of activities. Name the utility created by each activity.

Activity utility

a)Making chairs from timber

b)Transporting chairs from Kisumu to Busia

c)Selling chairs to customers

d)Keeping chairs in store to be sold later

11.Highlight four limitations of direct production.(4mks)

12.Outline four advantages of commercial production .(4mks)

13.Highlight five barries that may hinder labour mobility as a factor of production.(5mks)

14.Explain four ways of classifying goods in the economy and give examples in each.

15.Highlight four characteristics of land as a factor of production .(4mks)

16.Define the following terms

i) Entrepreneurship
 ii) Entrepreneur.

17.State five characteristics of an entrepreneur..(5mks)