Form 3 Business Studies Mid Term 2 2026 Exam with Marking Scheme

Number of Questions: 20 questions Structure: All questions compulsory; short-answer format with 3–5 marks per question It covers the following topics: Internal economies of scale Uses of national income statistics Factors leading to high birth rates and population dynamics Features of perfect competition market structure Characteristics of basic human wants Survival of kiosks in competition with supermarkets Sources of business ideas Factors for selecting office equipment Barriers to effective communication Identifying business opportunities — entrepreneurship (Muhoroni town context) Office equipment identification and application Factors leading to a decrease in demand (diagram-based question) Circumstances favouring air transport in trade Dissolution of a partnership Forms of retail businesses for school leavers Role of a broker in the chain of distribution Benefits of localisation of firms Basic features of a market Circumstances appropriate for personal selling Principles of insurance — indemnity, subrogation, and contribution