Commerce Past Questions and Answers

(a) Define the term market segmentation.<br/>(b) List six factors that influence market segmentation.<br/> (c) State five advantages of advertising.<br/>

(a) What is a contract? <br/>(b) List five elements of a valid contract.<br/>(c) Explain four ways by which a contract may be discharged. <br/>

<i><b>Explain the following documents used in international trade: </b></i><br/>(a) Indent;<br/>(b) Bill of lading<br/>(c) Consular invoice<br/>(d) Certjficate of origin<br/>(e) Bill of exchange. <br/>

(a) Differentiate between Nationalization and Indigenization. <br/>(b) State six reasons why a country would indigenize some industries.<br/>

A document used as a polite way of refusing credit is