Summary

• Description:

  The MS Word document comprises MINCKS GROUP OF SCHOOLS Business Studies Paper 1 Mock Exam with Answers (Marking Scheme) 2023. The PDF version is also available upon your request. The marking scheme is in a different document.

  It was a KCSE Business Studies Paper 1 examination.

  • Duration: 2 hours
  • Number of Questions: 25

  It covers the following topics:

  • Scarcity, choice, and satisfaction of human wants
  • Business management and performance improvement
  • Retail trade classifications
  • Office etiquette and communication (E-mail advantages)
  • Implementing business ideas
  • Stock exchange market benefits
  • International trade (commercial attaches, container services, international trade documents)
  • Warehousing benefits
  • Advertising and product promotion
  • Insurance policies and risk coverage
  • Demand, supply, and price mechanisms
  • Transport systems and choice of transport means
  • Market structures (monopoly vs. monopolistic competition)
  • Distribution channels
  • National income measurement (income approach)
  • Population dynamics (mortality rates)
  • Accounting and bookkeeping (capital determination, Trading Account, books of original entry, source documents)
  • Inflation and consumer price index
  • Money as a medium of exchange
• Category:

  Mock Past Papers
• Level:

  Form 4
• Subject:

  BUSINESS STUDIES

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