business-studies-ms-2
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DATE 08 Dec 2025
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SIZE 0.2 MB
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notes
About This Document
Document Type: This is a Exam Paper, designed for Testing knowledge and exam technique.
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: 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 "business-studies-ms-2" 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 FORM ONE MARKING SCHEME 1. Define the following terms as used in business studies. k e c) Goods Are items that are tangible i. e furniture and building co d) Services Are actions or activities that may be sold (intangible) no te s. e) Production Creation of goods and services to satisfy human wants ec f) Distribution Movement of goods and services from producers to the final consumers kn g) Consumption Using of goods by the final consumer 2. Highlight the discipline that compose business studies (5marks) Economics Commerce Accounting Office practice Entrepreneurship 3. Outline five type of business activities (5marks) Extraction Processing of raw materials Manufacturing Construction Trade 5. Explain the importance of business studies in the society (10 marks) no te s. State whether each of the following factors fall under micro-environment or macroenvironment (4marks) a) Competitive environment -macro b) Legal-political environment-macro c) Business structure-micro d)Business culture-micro 7. Give main features of basic wants (4 marks) One cannot do without them They are felt needs They cannot be postponed They are satisfied before secondary wants 8.
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 FORM ONE MARKING SCHEME 1. Define the following terms as used in business studies.(7marks) a) Business Refers to any activity that is carried out by an individual or an organization concerning provision of goods and services with a view of making profit b) Business studies Is the study of the activities that are carried out in and around production, distribution and consumption of goods and service .k e c) Goods Are items that are tangible i.e furniture and building co d) Servic...
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