Correct Answer: B. implementation of organizational plans

Correct Answer: C) offer, acceptance, intention, capacity and legality

Explanation

Option A states that the basic elements of a valid contract are offer, acceptance, consideration, and witness. While offer, acceptance, and consideration are indeed important elements of a contract, the presence of a witness is not necessary for a contract to be valid. So, Option A is not the correct answer.

Option B states that the basic elements of a valid contract are offer, intention, acceptance, and legality. This is partially correct. Offer, acceptance, and legality are important elements of a contract, but intention is not a necessary element. So, Option B is not the correct answer.

Option C states that the basic elements of a valid contract are offer, acceptance, intention, capacity, and legality. This is the correct answer. Offer, acceptance, intention, capacity, and legality are all essential elements of a valid contract. An offer is a proposal made by one party to another, acceptance is the agreement to the terms of the offer, intention is the intention of the parties to create legal relations, capacity refers to the legal ability of the parties to enter into a contract, and legality means that the contract must be legal and not against the law.

Option D states that a political aspect of the business is a basic element of a valid contract. This is not correct as a political aspect is not one of the essential elements of a valid contract.

Therefore, the correct answer to the question is Option C: offer, acceptance, intention, capacity, and legality.

Correct Answer: D. Bulk -breaking

Correct Answer: A. unskilled labour

Explanation

(a) Environmental factors which affect business are:

(i) International environment (ii) Economic Environment (iii) cultural environment. (iv) Demographic (v) Industrial (vi) Technological (vii) Infrastructure! (viii) Political and legal.

(b)(i) Demographic environment: The size and structure of the population determine what to produce and the quantity to be produced.

(ii) Infrastructural environment: For the objectives of a business to be achieved, there must be infrastructural facilities like, sea ports, road, railways, electricity etc.

(iii) Economic environment: This include income distribution, expenditure patterns and saving capacity. The type of economic system adopted whether capitalism, socialism and mixed economy will have significant influence on the firm.

(iv) Technological environment: This makes installed machinery and equipment obsolete, hence businesses adjust to changes in technology.

(v) Political environment: Government policies and actions determine business practices and investment climates in an economy.

(vi) Ecological environment: Physical and climatic changes such as erosion, pollution, desert encroachment etc., have effect on business organisation.

Correct Answer: B. consumers

Explanation

The pattern of consumption of consumers in an area must be taken into consideration since it is good to site a warehouse near the consumers.

Correct Answer: C. Durability

Correct Answer: C. feedback is instantenous

Correct Answer: A. legality

Correct Answer: D. consumer protection