Distinguish between the following:
(a) Broker and Jobber.
(b) Gross profit and net profit
(c) Fixed capital and liquid capital.
(d) Factors and del credere agents.
(e) F. 0. B. and C. I. F.
(a) Give any five advantages of advertising.
(b) What are five distinctive merits of television as a medium of advertising.
(a) What is a bonded warehouse?
(b)State four ways in which a bonded warehouse may be useful in international trade.
(a) Explain the meaning of working capital and state its importance.
(b) Outline any seven factors which might affect the rate of turnover.
(a) Messrs Ola and Musa are both merchants. Ola trades on cash basis only while Musa allows credit. Give four reasons each why Ola insists on cash payment and Musa allows credit sales.
(b) Distinguish between cash discount and trade discount.
(a) What is Commerce?
(b) State and explain the importance of any five ancillary services to trade.
(a) Give the meaning of each of the following:
(i) balance of trade
(ii) balance of payments.
(b)Describe four ways by
(a) What is marketing concept?
(b) Explain the four elements of the marketing mix.
(a) Explain each of the following:
(i) Chamber of Commerce
(ii) Trade Association.
(b) Give any four functions each of a Chamber of Commerce and a Trade Association.
(a) What is delegation of authority?
(b) State four advantages of delegation of authority.
(a) What are the functions of the Nigeria Export Promotion Council (NEPC)?
(b) What are the steps an exporter would take to export goods from the receipt of an indent to the shipment of the goods?
(a) What is marketing?
(b) Explain any six reasons why a manufacturer may sell directly to consumers.
(a) Distinguish between Nationalization and Indigenisation
(b) State any five advantages of nationalization and two objectives of indigenisation.
(a) Explain the following terms:
(i) bearer cheque
(ii) open cheque
(iii) order cheque
(iv) crossed cheque.
(b) Explain any six factors which a bank manager would take into consideration in evaluating an application for a loan.
Akani and Sule are sole proprietors. Akani proposed that their businesses be merged to form a partnership.
(a) Explain to Sule how such a partnership would be to their mutual benefit
(b) State five reasons why Sule might be reluctant to accept the proposal.
(a).Why is it important for commercial information to be rapid and accurate?
(b) What are the advantages of courier services over public postal services?
(a) Explain five reasons why many small business turn into private limited liability companies.
(b) What are the disadvantages of such a decision?
(a) What is a business merger?
(b) Explain the reasons why some businesses merge.
(c) Give three disadvantages of business merger.
(a) What is marketing?
(b) Distinguish between marketing and selling.
(c) Explain five functions of marketing.
The following are the trading of Zainab Trading Co. Ltd, for the year ended 31st December, 1986.
Creditors 20,000
Premises 20,000
Machinery 20,000
cash 20000
Debtors 30,000
stock 50,000
cost of goods sold 100,000
sales 200,000
plant 30,000
Rent 10,000
From the above, calculate the (a) Fixed assets; (b) working capital; (c) gross profit (d) net profit.