Commerce Past Questions and Answers

(a) Give four reasons why retail shops adopt self service.
(b) Explain six facilities that a retail shop should have to encourage self service.

Explain five measures taken by a country to:
(a) restrict imports
(b) promote exports

(a) What is an advertising medium?
(b) Mention eight advertising media.
(c) Give five factors to be considered before choosing an advertising medium.

(a) Explain the following: (i) turnover (ii) rate of turnover (iii) net profit
(b) The following information is taken from the balance sheet of XYZ Ltd:
N
opening stock 1,000
purchases 10,000
sales 15,000
wages 1,000
closing stock 5,000You are required to calculate:
(i) the cost of goods sold
(ii) the rate of turnover
(iii) net profit

Give two uses of each of the following documents:
(a) price list
(b) delivery note
(c) consignment note
(d) advice note
(e) proforma invoice