This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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Here is the typed version of the exam paper: 1. (a) Classify the items below under department stores, sales promotion, transport and warehousing. Premium "The buyer" Fork lift Delivery note Free gifts Conveyors Advice note Credit. (8mks) (b) State FOUR factors that determine the choice of a business location. (6mks) (c) State and explain FOUR functions of a wholesaler to a producer. (6mks) 2. (a) Name any TWO advantages and TWO disadvantages of using mobile money services. (4mks) (b) State and explain any FOUR functions of commercial banks. (8mks) (c) Distinguish between bank loan and bank overdraft (8mks) 3. (a) Outline any TWO features each of the following shops: i) Hypermarkets ii) Consumer cooperative societies iii) Supermarket. (6mks) (b) Study the information provided in the table and answer the questions that follow. | Shop | Sales (CFAF) | Opening stock | Closing stock | Gross profit (CFAF) | | :----------- | :----------- | :------------ | :------------ | :------------------ | | Multiple | 2 400 000 | 800 000 | 400 000 | 1 200 000 | | Department | 2 700 000 | 1 200 000 | 600 000 | 1 000 000 | Calculate for each shop: i) Rate of turnover ii) Margin (c) List any FOUR documents used in the buying and selling transactions in home trade. (6mks) 4. (a) Give Any FOUR differences between home and foreign trade (8mks) (b) Outline FOUR reasons for trade protection. (8mks) (c) i) Give any FOUR factors that have encouraged the growth of foreign trade. (4mks) ii) State any FOUR disadvantages of e-payment of goods (4mks) 5. (a) Give TWO differences between Life Insurance and General Insurance (4mks) (b) Outline FOUR reasons why insurance is important to businessmen. (6mks) (c) i) Name and explain FOUR advantages of a partnership business. (6mks) ii) Enumerate any FOUR sources of finance to Private Limited Companies. (4mks) 6. (a) Name and explain any FOUR importance of transport to an economy (8mks) (b) Outline any FOUR reasons for using a cheque. (4mks) (c) Explain how the following will protect consumers. i) Price control ii) Department of veterinary iii) Trade Description Act. iv) Sale of Goods Act (8mks) END