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Ways in which government gets involved in business activities are;Distributing goods and servicesProducing goods and servicesAdvising producers and tradersPromoting trade and economic developmentProtecting consumers against exploitation by producers and tradersAs a consumer of goods and services
Methods of government participation in business activities.Through regulation of business activities.Through training people e.g. at the Kenya Business Training Institute (K.B.T.I.)Through trade promotion.Through provision of public utilities.Creating an enabling environment for business
Benefits of studying Business Studies include;Equips individuals with skill and knowledge to manage business.Prepares him for future career.Enables one to relates issues affecting business/ problems to its environment.Enables one to relate issues affecting business activities taking place globally.Enables one to identity business opportunities to venture.Prepares one for further studies.Enables him to think critically and make sound judgement.Enables an individual to appreciate the role of government in business. Makes an individual be disciplined and have positive attitude towards work.Enables an individual to appreciate and take care of environment.Appreciate the role of technology in the countyEnables him to evaluate business performance.Enables him to learn other subjects.Enhance cooperation for members of a society.
Benefits of bonded warehouse to the government include;Source of revenueUsed to control the entry of harmful products into the countryGovernment is able to control the quality of goods entering the countryGovernment is able to verify documents of goods on transitThe government is able to inspect the nature or type of goods importedGovernment is able to check on illegal goods entering the country
Benefits of globalization to a business enterprise include;Facilitates application of better technology for improved products.Encourages collaboration among businesses from different countries.Makes it possible to share new production techniques.Facilitates sharing of research binding.Enables business enterprises to take advantages of resources found in other parts of the world.Wider markets.Leads to transfer of capital from rich states to poor countries