Question 2
- Outline four sources through which an entrepreneur can generate business ideas.
- State three purposes of having handling equipment in the store.
Comments
Majority of the candidates attempted this question and performed above average
The expected responses from candidates are:
2 (a) Sources through which an entrepreneur can generate business ideas are through:
- Inspiration and creativity of the owner of the business;
- Trade fairs and exhibitions;
- Imitation of products of other businesses;
- Internet sources;
- Vocational training and apprenticeship;
- Mass media;
- Interest, Passion, Hobbies and lifestyle of the entrepreneur;
- Personal experience and knowledge of the individual;
- Dreams and revelations;
- Major events in the society;
- Changes in government policy;
- Brain storming;
- Conducting of research.
(b) Purposes of having handling equipment in the store are to;
- carry loads too heavy to be handled manually;
- save time in the movement and storage of goods;
- enhance labour efficiency and productivity;
- optimize the use of space in the store;
- enhance safety in the store by minimizing the risk of injuries to workers;
- protect materials from damages, deterioration and poor handling.
(c) Measures that can be taken to prevent materials deterioration in the store.
- Carry out proper materials handling to reduce damages and breakages of materials.
- Conduct regular stocktaking and checking of all materials to reduce the risk of deterioration.
- Carry out regular checks to ensure that all storage installations are clean and damp free.
- Ensure that adequate ventilation and conditions of temperature are correct for the goods being stored.
- Comply with suppliers’ storage instructions.
- Issue out materials with short shelf life on the basis of First-in First-out to prevent deterioration.
Avoid overstocking of materials in the store to reduce the risk of deterioration. - Keep materials in the store safe from bad weather condition.
- Ensure that the store is strictly out of bounds from unauthorized person who may mishandle materials in the store.
- Report damaged, obsolescence, obsolete and redundant items in the store promptly.
- Ensure that a good store layout is utilized.
- Carry out regular cleaning of the store to avoid pest and insects in the store.
- Arrange for proper storage of items with unique characteristics.