business-studies-ms-1
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DATE 08 Dec 2025
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SIZE 0.48 MB
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notes
About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Core educational material suitable for current academic requirements.
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-studies-ms-1" contains valuable educational content for academic study and reference. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Develop comprehensive understanding of key topics
- Apply learned concepts to real-world scenarios
- Strengthen critical thinking and analytical skills
- Achieve academic excellence in notes
Detailed Summary
Define the following terms as used in business studies. (8mks) a) Good These are items that are tangible, i. they can be touched and felt b) Services These are actions that may be sold c) Economics Refers to the study of how human beings strive to satisfy their endless wants using the available scarce resources. d) Accounting e Refers to a systematic way of recording business activities which are used for Economical iii. Outline four sources of business ideas. Vocational training and experience vi. Listening to what people say 4. Give any four business activities. State four features of a good filing system. Highlight four reasons why people engage in business activities. To utilize free spare time iii. To provide essential goods and services iv. To make good use of locally available resources v. To be one’s own boss 6. Mention four types of resources that are important in business. (4mks) (4mks) TRADE kn ec no te s.
Study Tips & Recommendations
Active Reading
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Summarization
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Collaborative Learning
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Regular Review
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Content Preview
MARKING SCHEME BUSINESS FORM 1 1. Define the following terms as used in business studies. (8mks) a) Good These are items that are tangible, i.e. they can be touched and felt b) Services These are actions that may be sold c) Economics Refers to the study of how human beings strive to satisfy their endless wants using the available scarce resources. d) Accounting e Refers to a systematic way of recording business activities which are used for Economical iii. Adaptable iv. Compatible te ii. no Simp...
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