Summary

• Description:

  The MS Word document comprises the Form 3 Business Studies Paper 1 End Term 2 2025 Exam with Marking Scheme. The PDF version is also available upon your request. The marking scheme is in a different document.

  The exam paper consists of 25 questions, and candidates are instructed to answer all of them. Each question carries 4 marks, making the total for the paper 100 marks. The duration of the examination is 2 hours.

  Topics covered in this exam include:

  • Introduction to Business Studies: This includes features of economic resources and circumstances for starting a personal business.
  • The Business Environment: Questions cover the demographic environment and the negative effects of an aging population.
  • Demand and Supply: This section tests on methods of price determination and the effects of an expansion in demand.
  • Factors of Production: The paper includes questions on the mobility of capital.
  • Entrepreneurship: It covers the benefits of a business plan to an entrepreneur.
  • Retail Trade: The popularity of hypermarkets is examined.
  • Distribution: Topics include the roles of intermediaries in the chain of distribution.
  • Transport and Communication: This includes choosing a means of transport for perishable goods and the drawbacks of using the internet for communication.
  • Warehousing and Insurance: The exam covers features of a bonded warehouse and key principles of insurance like indemnity, proximate cause, subrogation, and insurable interest.
  • Money and Financial Institutions: It addresses benefits provided by SACCOs, types of debentures, and the demerits of mobile money services like M-pesa.
  • International Trade: The role of commercial attaches in promoting trade is covered.
  • National Income: The paper assesses why an increase in per capita income may not lead to a rise in the standard of living.
  • Market Structures: It tests on the characteristics of a monopolistic competitive market.
• Category:

  Exams
• Level:

  Form 3
• Subject:

  BUSINESS STUDIES

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