Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
Items included in a business plan are;Name of businessProduct to be soldPersonnel to manage the businessAmount of finance requiredMarket to be servedTypes of employees requiredProjectionSummary of the plan
Reasons chief's Barraza is important in Kenya are;It is used to communicate the government's policies/decisions to the local people.It acts as forum for people to express their wishes to the governmentIt is used to address, resolve minor concerns of the people in the locality/setting local disputeMobilization of local resources
Importance of studying government to students include;Develop sense of national pride and patriotisminstilling in a learner a sense of responsibilityAppreciating the constitution and the constitution making processMake learners aware of their rights and obligationsHelp learners understand how the three arms of government operates
Entrepreneur mitigate business against risks through;Insuring his business against losses e.g Burglary, fireCo – owning the business with a partner. This option will dilute the ownership therefore it is a step that should be taken with a lot of caution.Investing in extra security in the event that the business deals in valuable products.Securing the services of a risk assessment expert. This is a preventive measure and will highlight the areas of risk in the business that the entrepreneur needs to be aware of hence make vital decisions.
Ways in which an entreprenuer contributes to the production of goods include;Identified viable business opportunitiesProvides guidelines on how production should be organizedCo- ordinates other factors of production should be organizedProvides capital necessary to cater for productionHe assembles / marshals other factors of productionHe is the major decision makerHe rewards all the factors of productionHe bears all risks / incurs all losses and enjoys all profits