Commerce Past Questions and Answers

Explain the following retail outlets:
(i) department store (ii) mobile shop (iii) chain store (iv) mail order business (v) supermarket

(a) State five merits of co-operative societies
(b) Explain five procedure to be followed in the formation of a Private Limited Company

(a) State four features of a warehouse
(b) Explain six reasons why warehousing is important to a business

(a) Define advertising
(b) Explain four demerits of advertising
(c) Explain five different ways producers can create awareness for their goods and services

Explain the following business terms:
(a) standing order
(b) bank draft
(c) legal tender
(d) money order
(e)I.O.U