Commerce Past Questions and Answers

(a)Explain branding and give two suitable examples.
(b) In which five ways does branding affect the consumer?

(a)Explain five reasons why a manufacturer may engage in personal selling.
(b) Explain five characteristics of Sole Proprietorship.

(a)Explain five reasons why communication is important in commerce.
(b) Explain five functions of Advertising.

WAZOBIA Enterprise's financial position as at 31st December, 1996 is as follows:

	N
fixtures	1,000.00
stock 31st december	8,000.00
Debtors	5,000.00
Creditors	3,000.00
Cash in hand	7,000.00
Bank overdraft	1,200.00
Typewriter	4,500.00
furniture	2,500.00
capital	8,000.00

Calculate:
(a) Capital owned
(b) Working capital
(c) Current liabilities
(d) Fixed capital
(e) Capital employed.

Outline two functions of each of the following.
(a) Trade Association
(b) Consumer Association
(c) Customs Authority
(d) Manufacturer's Association
(e) Chamber of Commerce.