Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. In each of the following cases, indicate whether the supply will increase, decrease or remain constant. a) If the demand for coffee rises, the

1. In each of the following cases, indicate whether the supply will increase, decrease or remain constant.

a) If the demand for coffee rises, the supply of tea is likely to

b) If the prices of cars fall, the supply of petrol as likely to

c) if the demand for beef increases the supply of wool is likely to

2 State four factors that may cause an increase in the supply of a product. (4mks)

3.Outline four factors that may cause a decrease in the quantity demand for a product. (4mks)

4. Indicate by writing a demand or supply whether each of the following factors influence demand or supply of a commodity. (5mks)

a) Changes in the prices of inputs

b) Change in tastes and preferences.

c) Changes in technology

d) Changes in outcomes

e) Changes on the price of other related products.

5. State the law relating to each of the following.

a) Demand b) Supply

c) Demand and supply

6.In each of the following cases, indicate whether the supply will increase, decrease or remain constant.

a) If the demand for coffee rises, the supply of tea is likely to

b) If the prices of cars fall, the supply of petrol as likely to

c) if the demand for beef increases the supply of wool is likely to

7. State four factors that may cause an increase in the supply of a product. (4mks)

8. State four advantages of locating a firm near the source of raw materials. (4 marks)

9. Identify four problems that tend to limit the growth of small -scale retail business in rural Kenya. (4 marks)

10. Highlight four measures a government may take to attract firms to an area. (4 marks) 11. state four disadvantages of locating a business away from other related business. (4 marks)

12. state four disadvantages of delocalization of industries to a country. (4 marks)

13.State four factors which influence the location of business enterprises. (4 marks)

14. . State four measures that local authority could take in order to attract investors to locate their industries within its boundaries. (4 marks)

15. State disadvantages of concentrating industries in one area within a country. (4mks) 16. Highlight four circumstances under which a firm would be located near the market for its product. (4 marks)

17. Outline four ways in which land influences the location of industries. (4 marks)

18. State four circumstances under which a firm would be located near the market for its products. (4 marks)

19. Outline five benefits that country would get by encouraging businessmen to locate new industries in rural areas. (10 marks)

20. discuss the factors that have led to the survival of small scale retailers despite competition from supermarkets. (10 marks)

21. discuss the economic benefits to a community that may result from the concentration of industries in an area. (10 marks)

22. .Explain five circumstances that may influence a firm to locate its operations near the source of raw materials. (10 marks)

23. explain five measures that a government may take to encourage establishment of industries in rural areas. (10 marks)

24.. Highlight five advantages of having a business enterprises located in an area. (10 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Managerial Finance

Authors: Scott Besley, Eugene F. Brigham

14th edition

324422709, 324422702, 978-0324422702

More Books

Students also viewed these Finance questions