2026 KCSE Business Studies Review

Flashcards summarizing key concepts from the 2026 KCSE Business Studies examination notes.

Benefits of learning Business Studies

Develops entrepreneurial skills, helps in understanding economic concepts, promotes financial literacy, and enhances critical thinking.

Mailing service for travelers

Mail forwarding service.

Fastest delivery service

Express or courier service.

Service for valuable articles

Registered mail or insured mail service.

Prompt customer replies service

Reply-paid service.

Characteristics of a service

Intangibility, inseparability, variability, perishability.

Reason for maintaining a journal

Keeps accurate records, ensures accountability, tracks financial progress, and helps in financial reporting.

Challenges of using free gifts for promotion

Cost implications, potential devaluation of the product, consumer expectation for free gifts, and may attract non-serious buyers.

Features of an oligopolistic market structure

Few large sellers, products may be homogeneous or differentiated, significant barriers to entry, interdependence among firms.

Effects of fixing maximum price

Shortage of goods, black market emergence, reduced supply, and lower quality of goods.

Advantages of promoting sales through the internet

Wider reach, cost-effectiveness, 24/7 availability, and real-time customer interaction.

Features of indirect production

Utilizes intermediaries, facilitates distribution, involves marketing channel, and enhances product accessibility.

Measures to safeguard business property

Insurance coverage, installing security systems, regular maintenance, enforcing access control.

Factors contributing to decline in population growth

Improved healthcare, higher education levels, increased women in workforce, urbanization.

Ways households contribute to national income

Consumption expenditures, labor supply, savings and investments, and paying taxes.

Reasons for bank dishonoring a cheque

Insufficient funds, irregular signature, account closed, and post-dated cheque.