3)a.  Explain seven encountered in the process of industrialisation.

(4)a.  Explain 5 characteristics of business environments.

1. Discuss five internal factors of business environments.

(5).    What do you understand by ‘location of industry’. Explain 6 factors to be considered when locating an industry in an environments.

(6)a.  Discuss the scientific Theory of Management as propounded by fredick Taylor.

1. Give a summary of Robert Owen’s Theory of Management.

Define the following terms: (i) an industry (ii) a firm

(i)An Industry: The industry is the production of goods or related services within an economy. An industry is the classification of groups of companies that are related based on their primary business activities.

(ii)A Firm: A firm is also known as business. The firm is referred to as the business organization organized by an individual or group of individuals to make profit. It is a business organization such as Corporation, Limited Liability Company or Partnership that sells goods or services to make a profit