Project I - The Nature of Business

Fecha de publicación: 20-sep-2015 0:27:50

Project I

1. Explain two ways in which the barter system limited trade in early economies. (5 marks)

2. State one advantage and one disadvantage of specialization. (2 marks)

3. Show how two functions of money facilitate trade. (4 marks)

4. Starting a business is a lot of hard work and very costly. Why would an individual want to start a business? (3 marks)

5. State the form of business organization that you believe is most advantageous to form. Give two reasons why. (4 marks)

6. State two differences between the Free Market and the Planned economic systems. (2 marks)

7. Explain the roles of two stakeholders in business activities. (5 marks)

8. Identify a business activity within your community and discuss two contributions of this business to your community. (5 marks)

(TOTAL – 30 marks)