Commerce Past Questions and Answers

(a) What is mail order business?
(b) list and explain six trends in retailing

Write explanatory notes on the following Stock Exchange terms
(a) Bull (b) Bear (c) Option (d) Backwardation (e) Contango

Explain the following insurance terms;
(a) proximate cause
(b) surrender value
(c) contribution
(d) utmost good faith
(e) premium

(a) state five importance of personal selling to a business
(b) Explain five reasons why communication is important to a business

State two distinguishing features between each of the following;
(a) Tramps vessels and ocean liners
(b) A factor and a broker
(c) A commissioned agent and a del credere agent
(d) consular invoice and proforma invoice
(e) Insurance and assurance