Question 1 Report
(a) State four reasons why transport is important to commerce.
(b) Explain three advantages and three disadvantages of air transport.
(a) Four reasons why transport is important to commerce
(b) Three advantages of air transport
Three disadvantages of air transport
Answer Details
List and explain five functions of marketing.
(a) Distinguish between trade and commerce. (b) Describe five different activities engaged in by people in commercial occupations.
Explain the following terms used in insurance: (a) surrender value (b) cover note (c) policy (d) re-insurance (e) group insurance
Describe the following documents and state one use of each; (a) consignment note (b) bill of sight (c) catalogue (d) manifest (e) waybill.
(a) State five characteristics of a limited liability company. (b). Explain five sources of funds to a public limited company.
List and explain five methods used by the Central Bank to control the activities of the commercial banks.
Explain the following and give three benefits of each: (a) branding (b) after sales service (c) self-service (d) vending machine
(a) What is Nationalization? (b) Explain three rea-sons why government nationalizes some businesses. (c) State four disadvantages of nationalization.
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