Summary

• Description:

  The MS Word document comprises Form 3 Business Studies Term 1 2026 Opener Exam with Marking Scheme. The PDF version is also available upon your request. The marking scheme is in a separate document.

  The exam is scheduled for a duration of 2 ½ hours. It consists of a single section containing 20 short-answer structured questions. Each question is allocated 4 marks, aiming for a total of 80 marks. The questions require candidates to outline, state, highlight, or differentiate various business concepts, ensuring a comprehensive assessment of the syllabus covered.

  The document covers the following topics:

  • Factors encouraging entrepreneurship in Kenya
  • Differences between goods and services
  • Emergency issues in communication
  • Classification of business environments (Economic, Society, Market capacity, Production capacity)
  • Circumstances under which an insurance company may re-insure
  • Characteristics of a partnership form of business
  • Reasons for a producer to construct a private warehouse instead of renting
  • Reasons for the unpopularity of railway transport in Kenya
  • Parties to a cheque
  • Challenges faced by Savings and Credit Cooperative Societies (SACCOs) in Kenya
  • Advantages of personal selling as a sales promotion method
  • Procedure for claiming compensation from an insurance company
  • Utility of warehousing to a trader
  • Sources of capital for a sole proprietorship
  • Circumstances for choosing air transport for goods
  • Differences between direct production and indirect production
  • Means of land transport excluding trains and motor vehicles
  • Features of basic human wants
  • Principles of cooperatives
  • Characteristics of a good filing system
• Category:

  Exams
• Level:

  Form 3
• Subject:

  BUSINESS STUDIES

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