Commerce Past Questions and Answers

Explain five ways in which commerce is important is in the life of a nation

(a) List four features of a self service shop.
(b)State four disadvantages of a self service shop.
(c)State four importance of working capital to a business.

(a)State four functions of wholesaler to a retailer.
(b) Explain five advantages of small scale retail business over a large scale business.

Explain each of the following classes of insurance:
(a) Marine insurance
(b)Accident insurance
(c)Group insurance
(d) Fidelity Guarantee insurance
(e) Consequential Loss Insurance.

(a)Explain four functions rendered by a courier firm.
(b) Explain six functions rendered by a Telecommunication firm