Provide answers for the following questions: 1(a) Classify items under department stores, sales promotion, transport and warehousing. 1(b) State FOUR factors for choosing a business location. 1(c) Sta

Here are the answers to questions 1, 2, 3, 4, 5, and 6:

1. (a) Classify the items below under department stores, sales promotion, transport and warehousing.

• Department Stores:
  • "The buyer"
• Sales Promotion:
  • Premium
  • Free gifts
  • Credit
• Transport and Warehousing:
  • Fork lift
  • Delivery note
  • Conveyors
  • Advice note

1. (b) State FOUR factors that determine the choice of a business location.

• Proximity to raw materials: Locating near sources of raw materials can reduce transportation costs.
• Proximity to market: Being close to customers helps in reducing delivery times and costs, and understanding market needs.
• Availability of labour: Access to a suitable workforce with the necessary skills is crucial for operations.
• Availability of infrastructure: Reliable access to utilities like electricity, water, and good transport networks (roads, ports) is essential.
• Government policies and incentives: Tax breaks, subsidies, or special economic zones offered by the government can influence location decisions.
• Cost of land/rent: The price of acquiring or renting premises significantly impacts initial and ongoing business expenses.

1. (c) State and explain FOUR functions of a wholesaler to a producer.

• i) Bulk breaking: Wholesalers buy goods in large quantities from producers and then break them down into smaller, more manageable units for retailers, saving producers the effort of selling small quantities.
• ii) Warehousing and storage: They store large stocks of goods, reducing the producer's need for extensive storage facilities and bearing the associated costs and risks.
• **iii)