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Factors that may be used to measure the size of a business enterprise;Amount of capital investedNumber of workersThe level of outputSize of marketProfit madeGovernment policyState of technologyNature of the products
Benefits of government involvement in business activities are;Provision of essential goods and servicesProvision of large capital investment.Protection of citizens from exploitation.Stimulation of economic developmentCreate employmentTo generate government revenueStabilization of the economyPromote equity in distribution of resourcesControl use of resourcesMaintenance of law and order
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.
Factors in the internal business environment that can lead to success of a business are;Committed ownerGood business structureProper business cultureSkilled workersAdequate financeUse-up to date technology
Benefits for being a member of the common wealth of nations are;Developed nations assist poor nations in capital and technical aid.Participation in social events for common wealth such as sports eg commonwealth games.Development of democracy in member states eg common wealth election observes.Administrative assistance in exchange programmes in scholarship and student exchange programs.Rights and freedoms of citizens are guarded eg. Nations which dishonor other nations get expelled.