a) Explain five benefits of developing a business plan to a business person. (10 marks) b) Describe five reasons why businesses train their employees. (10 marks) QUESTION THREE a) Explain any FOUR forms of business organizations. (8 marks) b) Describe any THREE disadvantages of each. (12 marks) QUESTION FOUR a) Explain any FIVE factors leading to business failure in Kenya today.(10 marks) b) Corporate social responsibility is a necessary evil to any business. Explain FIVE reasons/merits companies should embrace corporate social responsibility. (10 marks) QUESTION FIVE a) Explain any TEN roles played by the government in business. (10 marks) b) Explain any FIVE relevancies of e-commerce in the business today. (10 marks)

QUESTION ONE<br />a) Five benefits of developing a business plan to a business person are:<br />1. Provides a clear direction and vision for the business.<br />2. Helps in identifying potential challenges and opportunities.<br />3. Assists in securing funding and investment.<br />4. Serves as a tool for measuring progress and success.<br />5. Facilitates effective communication and coordination among team members.<br /><br />b) Five reasons why businesses train their employees are:<br />1. Enhances employee skills and knowledge.<br />2. Improves productivity and efficiency.<br />3. Reduces employee turnover and absenteeism.<br />4. Promotes a positive work culture and morale.<br />5. Increases customer satisfaction and loyalty.<br /><br />QUESTION THREE<br />a) Four forms of business organizations are:<br />1. Sole Proprietorship<br />2. Partnership<br />3. Corporation<br />4. Cooperative<br /><br />b) Three disadvantages of each are:<br />1. Sole Proprietorship: Limited access to capital, unlimited liability, lack of continuity.<br />2. Partnership: Unlimited liability, potential for conflicts, limited lifespan.<br />3. Corporation: Double taxation, complex regulations, potential for excessive bureaucracy.<br />4. Cooperative: Limited profit potential, difficulty in raising capital, susceptibility to democratic control.<br /><br />QUESTION FOUR<br />a) Five factors leading to business failure in Kenya today are:<br />1. Poor financial management<br />2. Inadequate market research<br />3. Lack of diversification<br />4. Insufficient capital<br />5. Ineffective marketing strategies<br /><br />b) Five reasons/merits companies should embrace corporate social responsibility are:<br />1. Enhances brand reputation and customer loyalty<br />2. Attracts and retains top talent<br />3. Reduces legal and regulatory risks<br />4. Promotes long-term sustainability<br />5. Contributes to societal well-being and environmental conservation<br /><br />QUESTION FIVE<br />a) Ten roles played by the government in business are:<br />1. Regulating and enforcing laws<br />2. Providing infrastructure and public services<br />3. Promoting economic growth and stability<br />4. Protecting consumer rights and safety<br />5. Encouraging innovation and entrepreneurship<br />6. Facilitating international trade and investment<br />7. Providing education and training programs<br />8. Offering financial incentives and subsidies<br />9. Conducting market research and analysis<br />10. Resolving disputes and conflicts<br /><br />b) Five relevancies of e-commerce in the business today are:<br />1. Increased accessibility and convenience for customers<br />2. Expanded market reach and global customer base<br />3. Reduced operational costs and improved efficiency<br />4. Enhanced data collection and customer insights<br />5. Facilitation of personalized marketing and targeted advertising