Store Management May/June 2015

Question 6

  1. (a)        List and explain five ways by which government regulates businesses in the country.

Observation

The candidates totally misunderstood these questions so, they could not answer them as required.  The performance of those who attempted the questions was far below average.

The following are some of the required answers:

(i)      Approval of business location
(ii)     Regulation of disposal waste
(iii)    Trade mark
(iv)    Copyright
(v)     Monetary policy
(vi)    Technological policy
(vii)   Issuing business licences and permits
(viii)   Use of standard weight and measures
(ix)    Registration of business names
(x)    Controlling the production of safe goods