business-f3-mst-2024-teacher.co_.ke
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UPLOADED BY Unknown
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DATE 07 Dec 2025
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SIZE 1.89 MB
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notes
About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 2024 academic period.
Key Content: Likely covers essential definitions, theoretical concepts necessary for mastery of the subject.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "business-f3-mst-2024-teacher.co_.ke" offers detailed study notes covering essential concepts and theories. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Understand fundamental principles and core concepts
- Build a strong foundation for advanced study
- Connect theoretical knowledge with practical applications
- Prepare comprehensively for assessments and exams
Detailed Summary
FORM THREE BUSINESS STUDIES TERM 3 2023 MARKING SCHEME Download this and other FREE materials from https://teacher. Problems associated with use of output approach in measuring national income. (i) Insufficient/inadequate statistical data esp. (ii) Fluctuating prices of goods. (iii) Improper valuation of goods in subsistence sector. (iv) The illegal business activities are not captures in the course of measuring national income e. (v) The problem of valuing government output since many of its services are not sold in the market. Circumstances under which utility is created in a commodity. (4 mks) (i) When goods change from places of manufacture towards the market/resources from extractive industries towards firms. (ii) Incase intermediate goods are transformed from initial state to finished state/where they change value-from raw - ripen status. (ii) If they area stored in respective stores/warehouses awaiting to be availed at the correct time. Circumstances under which cheque payment would be preferred more than cash payment.
Study Tips & Recommendations
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Summarization
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Collaborative Learning
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Regular Review
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Content Preview
FORM THREE BUSINESS STUDIES TERM 3 2023 MARKING SCHEME Download this and other FREE materials from https://teacher.co.ke/notes 1. Problems associated with use of output approach in measuring national income. (i) Insufficient/inadequate statistical data esp. in private sectors. (ii) Fluctuating prices of goods. (iii) Improper valuation of goods in subsistence sector. (iv) The illegal business activities are not captures in the course of measuring national income e.g. drug trafficking and smugglin...
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