Commerce Past Questions and Answers

When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed

(a) Explain industrial occupation. Give three examples.
(b) State three uses of capital as a factor of production.
(c) State four uses of land as a factor of production.

(a) State five features of a partnership business.
(b) Explain five reasons why governments participate in business.

(a) State any four advantages of a public limited company.
(b) Explain the following:
(I) Ordinary shares (ii) Cumulative preference shares (iii) Debenture.

(a) List four means of payment in business.
(b) Explain the following: (i) Quotation (ii) Hire purchase (iii) Deferred payment (iv) Quantity discount.