bst-form-3-pp2-ms_3
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UPLOADED BY Unknown
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DATE 07 Dec 2025
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SIZE 1.76 MB
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notes
About This Document
Document Type: This is a Exam Paper, designed for Testing knowledge and exam technique.
Context: Standard material from the 2024 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Attempt these questions under timed conditions to simulate a real exam environment, then check against your notes.
Recommendation: comprehensive resource for students aiming to achieve top grades in their final assessments.
Detailed Content Overview
Introduction
This notes resource titled "bst-form-3-pp2-ms_3" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Master key concepts required for examination success
- Practice answering exam-style questions effectively
- Develop time management skills for timed assessments
- Identify and address knowledge gaps in understanding
Detailed Summary
BUSINESS STUDIES END TERM 2 2024 EXAM PAPER 2 FORM 3 MARKING SCHEME Download this and other FREE materials from https://teacher. ke/notes 1a)Internal economies of scale that may be experienced by the firm i. Managerial economies of scale-a firms productivity can be increased by employing qualified staff who offer better organization structures ii. Marketing economies- A firm that sells in large quantities incurs fewer costs in advertising and distribution iii. Financial economies- A firm with strong financial base can expand their business iv. Risk bearing economies- Large firms reduce risks in market failure through diversification of products or markets v. Technical economies- These are benefits to a firm due to specialization of labour and machinery vi. Research economies-Research in new methods of production,new market and new products is necessary for firms that are large because it is affordable vii. Welfare economies-Workers incentive do motivate their workforce eg welfare like recreation , health, housing and education viii.
Study Tips & Recommendations
Time Management
Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.
Active Practice
Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.
Mark Scheme Review
Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.
Regular Review
Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.
Content Preview
BUSINESS STUDIES END TERM 2 2024 EXAM PAPER 2 FORM 3 MARKING SCHEME Download this and other FREE materials from https://teacher.co.ke/notes 1a)Internal economies of scale that may be experienced by the firm i. Managerial economies of scale-a firms productivity can be increased by employing qualified staff who offer better organization structures ii. Marketing economies- A firm that sells in large quantities incurs fewer costs in advertising and distribution iii. Financial economies- A firm with...
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