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