Introduction to Business Studies - Form 1 Business Studies Notes

Definition | Basic Terms Used in Business Studies | Components of Business Studies | Importance of Business Studies

Business and its Environment - Business Studies Form 1 Notes

Introduction | Meaning of Business | Purpose of a Business | Business Activities | Types of Business Activities | Importance of Business Activities | Types of Business Environments and their Components | Internal Business Environment | External Business Environment | Healthy Business Environment

Satisfaction of Human Wants - Business Studies Form 1 Notes

Introduction | Characteristics of Human Wants | Types of Human Wants | Goods and Services | Differences Between Goods and Services | Economic Resources | Characteristics of Economic Resources | Classification of Economic Resources | Scarcity, Choice and Opportunity Cost

Production - Business Studies Form 1 Notes

Types of Utility | Form Utility | Place Utility | Time Utility | Possessive Utility | Types of Production | Direct production | Indirect Production | Levels of Production and Related Activities | Primary Level | Secondary Level | Tertiary Level | Different Levels of Production and Examples of Occupations | Factors of Production and their Rewards | Land | Labour (Human Resource) | Capital | Entrepreneurship | Division of Labour and Specialisation | Advantages of Specialisation and Division of Labour | Disadvantages of Specialisation | Classification of Goods and Services Produced in an Economy | Negative Effects of Production Activities on the Community

Entrepreneurship - Business Studies Form 1 Notes

Duties of an Entrepreneur | Importance of Entrepreneurship to an Economy | Characteristics of an Entrepreneur | Business Idea | Contents of a Business Idea | Sources of Business Ideas | Business Opportunity | Evaluating a Business Opportunity | Business Plan | Contents of a Business Plan | Importance of a Business Plan | Factors that Influence Entrepreneural Practices | Causes of Business Success | Causes of Business Failure | Ethical Issues in Business | Need for Ethical Issues in Business (Importance of Business Ethics) | Reasons for Starting a Business

The Office - Business Studies Form 1 Notes

Importance of an Office in an Organization | Functions of an Office | Methods of Reproducing Documents in the Office | Factors to Consider when Choosing a Means of Reproducing Documents | Filing | Filing Systems | Characteristics of a Good Filing System | Forms of Filing | Electronic Filing | Role (Importance) of Filing in an Office | Benefits of Using Latest Technology in Record Keeping | Factors that Determine the Length of Time Documents Should be Stored | Types of Office Layouts | Open Office Layout | Enclosed Office Layout (Private Plan Office) | Landscape Office Layout | Factors to Consider When Choosing an Office Layout | Office Equipment | Functions (Advantages) of Office Equipment | Types of Office Equipment and Their Uses | Other Equipment | Factors to Consider when Choosing Office Equipment | Advantages of Office Machines | Disadvantages of Office Machines | Reasons (Circumstances) for Replacing an Old Office Machine | Office Staff | Managerial Staff | Junior Staff | Subordinate Staff | Duties of Various Office Staff | Essential Qualities of Office Staff | Computers in the Office | Uses of a Computer | Advantages of Using Computers | Disadvantages of Computers | Uses of Computers in Communication | Trends in Office Management

Home Trade - Business Studies Form 1 Notes

Importance of Trade | Classification of Trade | Home Trade | Foreign Trade | Forms of Home Trade | Retail Trade | Wholesale Trade | Documents Used In Hometrade | Means of Payment | Cash Payment | Cheque | Bill of Exchange | Promissory Note | Money Order | Postal Order | Postage Stamps | Premiums Bonds | Banker’s Cheque (Bank Draft) | Credit Cards | Terms of Payment | Types of Terms of Payment | Discounts | Money Remittance Services | Telegraphic Transfer | Standing Order

Forms of Business Units - Business Studies Form 2 Notes

Business Units | Sole Proprietorship | Partnership | Incorporated Forms of Business Units | Types of Companies | Private Limited Company | Public Limited Company | Dissolution of a Company | The Role of Stock Exchange as A Market for Securities | Definitions | Roles of the Stock Exchange Market | Public Corporations (State Corporations) | Characteristics/Features of Public Corporations | Formation | Management | Sources of Capital | Advantages of Public Corporations | Disadvantages of Public Corporations | Dissolution of Public Corporations | Trends in Forms of Business Units

Government and Business - Business Studies Form 2 Notes

Reasons for Government Involvement in Business | Methods of Government Involvement in Business | Regulation | Training | Trade Promotion | Provision of Public Utilities | Enabling Environment | Merits of Government Involvement in Business | Demerits of Government Involvement in Business | Consumer Protection | Reasons Why Consumers Need Protection | Methods of Consumer Protection

Transport - Business Studies Form 2 Notes

Meaning of Transport | Importance of Transport to Business | Essential Elements of Transport | Unit(s) of Carriage | Methods of Propulsion | Ways | Terminals (Terminuses) | Modes of Transport | Land Transport | Water Transport | Air Transport | Containerization | Factors that Influence the Choice of Appropriate Means of Transport | Trends in Transport | Revision Questions on Transport | KCSE Paper 1 | KCSE Paper 2

Communication - Business Studies Form 2 Notes

Meaning of Communication | Importance of Communication (Purposes) | Communication Process | Lines of Communication | According to Levels | According to Nature of Message | Essentials of Effective Communication | Forms and Means of Communication | Oral Communication | Written Communication | Visual Communication | Audio-Visual Communication | Audio Communication | Factors to Consider when Choosing Means of communication | Barriers to Effective Communication | Services that Facilitate Communication | Mailing Services | Courier Services | Telephone Services | Broadcasting Services | Current Trends and Emerging Issues in Communication | Telephone Bureaux(Bureaus) | Mobile Phones (Cell Phones) | E - mail (Electronic Mail) | Internet | Move Towards a Paperless Office | Decline in the Use of Postal Services | Transformation of Language | Communication Revision Questions

Warehousing - Business Studies Form 2 Notes

Introduction | Importance of Warehousing to Business | Essentials of a Warehouse | Types of Warehouses | Private Warehouses | Public Warehouses | Bonded Warehouses | Free Warehouses | Current Trends and Emerging Issues in Warehousing

Insurance - Business Studies Form 2 Notes

Introduction | Importance of Insurance | The Theory of Insurance | Pooling of Risks | Terms Used in Insurance | Principles of Insurance | Classes of Insurance | Life Assurance | General Insurance (Property Insurance) | Factors to be Considered when Determining Premiums to be Charged | Procedure for Taking a Policy | Procedure of Claiming Compensation | Insurance and Gambling | Past KCSE Questions

Product Promotion - Business Studies Form 2 Notes

Introduction | The Purpose/Importance of Product Promotion | Methods of Product Promotion | Personal Selling | Advertising | Publicity | Sales Promotion | Factors to Consider when Choosing a Promotion Method | Ethical Issues in Product Promotion | Trends in Product Promotion

Demand and Supply - Business Studies Form 3 Notes

Demand | Factors that Influence the Demand of a Product/Determinant of Demand | Derived Demand | Joint Demand | Demand Schedule | Demand Curve | Movement along the Demand Curve | Shift in Demand Curve | Supply | Factors Which Influence Supply of a Product | Supply Schedule | Supply Curve | Movement Along the Supply Curve | Shift in Supply Curves | Equilibrium Price and Quantity | Excess Demand | Excess Supply | Effects on Shift in Demand Curve and Supply Curve on the Equilibrium | Other Methods of Price Determination | Past KCSE Questions on the Topic | Paper 1 | Paper 2

Size and Location of a Firm - Business Studies Form 3 Notes

Definition | Factors to Determining Decision on what Goods and Services to Produce | Factors Determining the Size of a Firm | Location of the Firm | Factors that Influence the Location of Firms | Localization and Delocalization of Firms | Localization of Firms | Delocalization of Firms | Economies and Diseconomies of Scale | Economies of Scale | Diseconomies of Scale | Reasons for the Continued Existence of Small Firms in an Economy | Implication of Production Activities on Environmental and Community Health | Past KCSE Questions on the Topic | Paper 1 | Paper 2

Product Markets - Business Studies Form 3 Notes

Definition | Types and Features of a Product Market | Perfect Competition | Monopoly | Oligopoly | The Kinked Demand Curve | Past KCSE Questions on the Topic

Chain of Distribution - Business Studies Form 3 Notes

Introduction | Middleperson/Intermediaries | Expenses Incurred by Wholesalers when they Buy Goods from Producers | Channels of Distribution for Various Products | Distribution of Imported Goods | Distribution of Locally Manufactured Goods | Distribution of Local Agriculture Produce | Roles Played by Intermediaries in the Distribution Chain | Factors Influencing the Choice of Distribution Channel | Past KCSE Questions on the Topic

National Income - Business Studies Form 3 Notes

Introduction | Terms Used in National Income | Gross Domestic product (GDP) and Net Domestic Product (NDP) | Gross National Product (GNP) and Net National Product (NNP) | Per Capita Income | The Circular Flow of Income | Assumptions Made for the Circular Flow of Income to Hold | Injections | Withdrawals/Leakages | Factors that Affect the Circular Flow of Income | Equilibrium National Income | Measurement of National Incomencome | Expenditure Approach | Income Approach | Output Approach(Value Added) | National Income Statistics | Uses of National Income Statistics | Disadvantages of Using National Income to Compare Standards of Living in Different Countries | Factors That Influence The Level Of National Income | Past KCSE Questions on the Topic