Commerce Paper 2 June 2005

1. AConverting raw materials into finished or semi-finished goods, e.g. manufacturing or construction
2. BDistributing finished goods from the producer to the final consumer for a profit, without changing them further
3. CExtracting raw materials directly from the land or sea, e.g. mining or fishing
4. DProviding direct or indirect services to the public rather than producing goods, such as teaching or insurance

1. AIt lowers the cost of production per unit and increases availability of goods
2. BIt allows goods to be tailored individually to each customer's needs
3. CIt requires very little capital investment in machinery, since it uses mostly manual labour
4. DIt reduces the total quantity of standardised goods that can be supplied to the market

1. AIt is a small shop located in a busy town-centre shopping street
2. BIt offers face-to-face personal service to customers who visit the physical shop premises in person
3. CIt requires customers to collect their goods in person from a central warehouse rather than by post
4. DIt advertises extensively using catalogues, and goods are ordered and delivered by post

1. AManufacturers are legally forbidden from selling their goods directly to retailers
2. BLarge-scale retailers have grown enough capital to buy directly from manufacturers in bulk
3. CWholesalers now handle all perishable and made-to-order goods exclusively under an exclusive licence
4. DConsumers are required by law to buy all of their household goods only from registered wholesalers

1. AAccompany goods being delivered by a hired transport firm, showing the terms of carriage
2. BAuthorise a business to send free-of-charge reply envelopes to customers
3. CCertify to customs officials in the importing country that the invoice prices are correct
4. DShow ownership of goods transported by sea and act as a document of title

1. ATo accompany goods delivered locally by a road haulage firm, in the same way as a consignment note
2. BTo provide a written record of the contents of a telex message sent to a supplier abroad
3. CTo let the importing country's customs officials verify prices and quantities for ad valorem duty
4. DTo act as a contract of carriage for goods transported by sea, in the same way as a bill of lading

1. AIt requires a memorandum and articles of association to be filed
2. BIt has continuity of existence that legally continues beyond the life or death of any one owner
3. CIt is managed on a day-to-day basis by a Board of Directors who are elected by the shareholders
4. DPartners have unlimited liability and the business is not a separate legal entity

Answer this when you sit the paper.

Answer this when you sit the paper.

1. AInsuring commercial banks against the risk of robbery or fraud by employees
2. BProviding current accounts and ATM cards directly to members of the general public
3. CIssuing bank notes and coins, and managing the country's foreign exchange reserves
4. DSelling shares on the Zimbabwe Stock Exchange to raise capital for private companies

1. AIt assesses insurance proposal forms submitted by customers seeking cover
2. BIt allows an account holder to withdraw cash 24 hours a day using a card and PIN
3. CIt provides bulk storage facilities for a wholesaler's stock of finished goods
4. DIt issues new bank notes and coins into circulation on behalf of the Reserve Bank

1. AManufacturing the actual goods that are later insured against fire, theft or flood damage
2. BCollecting customs duty on goods that have already been imported on behalf of a paying client
3. CActing as a link between a person seeking cover and insurance companies, and arranging the best terms
4. DAssessing the risk directly and setting the final premium that a client must personally pay each year

Answer this when you sit the paper.

1. AA telephone-based system for transmitting typed business information using a modem
2. BA method of sending and receiving information between computers over the Internet
3. CA postal facility where mail is held at a post office for later collection
4. DA machine that meters and prints postage on outgoing letters

1. AIt requires large ports with deep water for loading
2. BIt offers door-to-door delivery over a flexible timetable
3. CIt is the cheapest option for transporting bulky goods over very long distances
4. DIt can only be used for non-perishable goods

1. ATo advertise locally made goods to foreign buyers in overseas export markets
2. BTo provide finance directly to importers to help them pay for goods bought from abroad
3. CTo insure imported goods against loss or physical damage while they are still at sea
4. DTo raise government revenue and help protect home industries by making imports more expensive

1. AArranging insurance policies for cargo owners
2. BSetting the exchange rate for foreign currency used to pay for imports
3. CPrinting and issuing bank notes and coins for the country
4. DProviding deep water, wharves and cranes for loading and unloading vessels

1. AIt reaches the widest possible general audience nationwide, including many non-farming readers
2. BIt cannot be kept by the reader as a lasting reference record for future use, unlike a journal
3. CIt offers selective advertising to a specialised readership, e.g. farmers, with detailed technical information
4. DIt provides the cheapest possible advertising per exposure of any advertising medium currently available

1. ATo guard against misleading advertising, overcharging and shoddy goods
2. BTo ensure that all goods are sold at a single fixed price set nationally
3. CTo stop manufacturers from ever advertising their products to the public
4. DTo prevent traders from ever offering goods to consumers on credit terms