They are privately owned passenger vehicles and sometimes they carry goods. Theoperators have to obtain a Transport Licensing Board from the government to be allowed to operate. Their owners form themselves into associations which take care of their interests along Read More …
Author: KNEC notes and Past Papers
Carts Transport
They are two or four wheeled mobile units that are drawn/pulled by either human beings or animals. They are made of wooden or metal crates mounted on the wheels. They are mostly used in movement of vegetables from market places Read More …
Road Transport
This entails movement of passengers and goods by units of carriage e.g.trucks,cars,lorries,bicycles,motorcycle,buses,trailers,taxis .the roads could be earth roads/foot paths,modernhighways. The type of road of a place depends on economic welfare of that place. ADVANTAGES OF ROAD TRANSPORT. It is faster Read More …
Animals Transport
The animals used include; donkeys, camels, horses and elephants. ADVANTAGES OF ANIMAL TRANSORT Involves no cost where the owner of the goods to be moved owns the animal. It is relatively inexpensive where one has to hire an animal to Read More …
Human Porterage
-This refers to the movement of goods by people. Goods are transported by heads, backs or by hands while the porter moves from one place to another. This is the means and oldest. Goods are small in size and light Read More …
Essentials/Elements of Transport
MODE-this refers to the way through which goods and services, people move from one place to another e.g.land, air, and water. UNITS OF CARRIAGE-anything by which goods and services are transported e.g. vehicles, aero planes and containers. TERMINALS –this are Read More …
Roles/Importance of Transport
TRANSPORT AND DELIVERY SERVICES. Transport is defined as the physical movement ofgoods, services and people from one place to another. ROLES/IMPORTANCE OF TRANSPORT. Facilitates movement of goods, people, and services from one place to another. It creates employment e.g. drivers, Read More …
Advantages of credit cards
Enables the holder to get goods and services from specified sellers without paying immediately. Usually convenient to carry around. Enables the holder to get money from specified banks. Increases credit rating of an individual. It is safer to carry the Read More …
Development of Credit and Debit Cards as Means of Payments
Credit cards usully enables the holder to obtain goods and services on credit from specified suppliers. They also enable the holder to obtain money from specific banks and other specified financial institutions. They are available to adults of approved credit Read More …
Differences between Commercial Banks and NBFIS
Commercial banks provide current accounts,savings and fixed accounts but NBFIs mainly operate savings and fixed deposit accounts. Commercial banks normally provide short and medium term finance while NBFIs provide medium and long term finance. Commercial banks provide finance that is Read More …