Commerce Past Questions and Answers

(a) What is credit?
(b) List and explain six principles of insurance.

(a) Explain five factors affecting the choice of transport of frozen products.
(b) State five disadvantages of air transport.

(a) Define the term market segmentation.
(b) List six factors that influence market segmentation.
(c) State five advantages of advertising.

(a) What is a contract?
(b) List five elements of a valid contract.
(c) Explain four ways by which a contract may be discharged.

Explain the following documents used in international trade:
(a) Indent;
(b) Bill of lading
(c) Consular invoice
(d) Certjficate of origin
(e) Bill of exchange.