Commerce Past Questions and Answers

(a) The chart above gives the main divisions of Commerce, complete the chart by filling in the blank spaces labeled (i) to (viii).<br/> <i>(b) Explain the following, give one example of each:</i><br/>(i) Primary production (ii) Secondary production (iii) Tertiary production.

<i> (a) Explain the following: </i><br/>(i) limited liability (ii) separate legal entity (iii) ceritficate of incorporation (iv) participating preference shares (v) ordinary shares. <br/>(b) State five advantages of public corporation. <br/>

(a) What is channel of distribution?<br/>(b) With the aid of diagrams, show four examples of channel of distribution.<br/>(c) Explain five advantages of home trade over foreign trade.

(a) What is credit?<br/>(b) List and explain six principles of insurance. <br/>

(a) Explain five factors affecting the choice of transport of frozen products.<br/>(b) State five disadvantages of air transport.