Summary

• Description:

  The MS Word document comprises the Form 3 Business Studies Term 2 Opener Exam 2025 with Marking Scheme. The PDF version is also available upon your request.

  The exam paper contains two sections, A and B. All questions in both sections are to be answered. The exam is marked out of a total of 100 marks and should be completed by learners within a duration of 2 hours and 30 minutes.

  The topics covered in the exam include:

  • Basic features of a market
  • Micro and macroenvironment factors (competitive environment, business structure, financial resources, demographic environment)
  • Types of life assurance policies
  • Reasons for the existence of small firms
  • Reasons for business collapse
  • Factors causing shifts in the supply curve
  • Effects of not having warehousing facilities on consumers
  • Levels of production
  • Channels for distributing imported goods
  • Government measures to create an enabling environment
  • Definitions of business terms (scarcity, scale of preference, choice, opportunity cost)
  • Circumstances for specific lines of communication
  • Factors determining appropriate means of transport for a trader
  • Types of wholesalers
  • Types of advertising
  • Methods of determining product price
  • Sources of capital for a sole proprietorship
  • Factors to consider when choosing a business location
  • Benefits of filing office documents
• File Size:

  146.87 KB
• Length:

  8 pages
• Category:

  Exams
• Level:

  Form 3
• Subject:

  BUSINESS STUDIES
• Posted By:

  Caleb_Peter

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