Commerce Past Questions and Answers

Write short notes on each of the following:
(i) Small stores
(ii) Mobile shops
(iii) Tied shops
(iv) Supermarkets
(v) Peddling.

(a) Explain five roles of transport to businessmen.
(b) State three characteristics of tramp vessels and two characteristics of ocean liners.

The following is a summary of the assets and liabilities of Odika Enterprises for the year ended December 31st 2000.

	N
motor vehicle	60,000
fixtures & fittings	60,000
machinery	65,000
warehouse	18,000
stock	20,000
prepayment	10,000
Accrued expenses	12,000
cash-in-hand	8,000
cash at bank	6,000
bank overdraft	3,500
creditors	5,000
Debtors	6,000
premises	75,000

(a) From the above figures, calculate the following, showing all workings:
(i) capital owned
(ii) fixed assets
(iii) working capital.
(b) List five sources of capital available to a public limited company.

(a) Give five reasons why a manufacturer may brand his products.
(b) State five advantages of packaging.

(a) What is market?
(b) Explain four ways by which market-ing is important to the economy
(c) State five functions marketing.