business-studies-ms-3
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DATE 08 Dec 2025
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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-3" 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
MARKING SCHEME BUSINESS STUDIES FORM ONE TERM 1 Answer all the questions in the spaces provided. Define the meaning of the following terms: (a) Business – It is any activity done by an individual or group with an aim of making a profit. (2 mks) (b) Economics – It refers to the study of how human beings strive to satisfy their unlimited wants using the limited/scarce resources. k e Refers to the creation of goods and services or increasing their usefulness through activities such as transporting them to where they are required. (2 mks) (d) Distribution – Refers to the movement of goods and services from producers to the users. (2 mks) (4 mks) ec no te s. Name four disciplines covered in business studies as a subject. (i) Economics (ii) Commerce (iii) Accounting (iv) Office practice (v) Entrepreneurship (4 mks) kn 3. State four importance of studying Business Studies to the society. (i) Assists members of the society to relate the knowledge, skills and attitudes acquired to the day to day business activities.
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
MARKING SCHEME BUSINESS STUDIES FORM ONE TERM 1 Answer all the questions in the spaces provided. 1. Define the meaning of the following terms: (a) Business – It is any activity done by an individual or group with an aim of making a profit. (2 mks) (b) Economics – It refers to the study of how human beings strive to satisfy their unlimited wants using the limited/scarce resources. (2 mks) (c) Production – co .k e Refers to the creation of goods and services or increasing their usefulness through...
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