Commerce Paper 2 June 2025

1. AStoring goods in a warehouse
2. BGranting hire purchase credit
3. CSecondary production (manufacturing raw materials into finished goods)
4. DAdvertising a finished product

1. Amanufacturing raw materials into finished goods
2. Bgrowing crops on a farm
3. Cproviding services, such as transport, banking or retailing
4. Dextracting raw materials directly from the land

1. AA bank safety deposit box
2. BThe granary/grain bin (dura), made of pole and mud or grass
3. CA steel shipping container
4. DA refrigerated warehouse

1. Athe buyer must pay the full cash price before receiving the goods
2. Bno deposit is ever required
3. Cownership of the goods passes to the buyer immediately at the time of purchase
4. Dthe total amount paid is more than the cash price, because of interest/credit charges

1. Acommunicating with and persuading customers to buy the product, e.g. through advertising and sales promotions
2. Bdeciding where the product will be manufactured
3. Cdeciding the physical ingredients used in the product
4. Darranging transport of raw materials to the factory

1. AThe Income Tax Act, which sets the rates of tax paid on income
2. BThe Immigration Act, which controls entry into the country
3. CThe Consumer Protection Act, which safeguards consumers against unfair trading practices and unsafe goods
4. DThe Companies Act, which governs how a limited company is registered

1. ARegistering a new trademark with the relevant authority
2. BApplying for a patent on a new invention
3. CPaying a licence fee to broadcast a copyrighted song
4. DSelling pirated copies of a film without the owner's permission

1. Aprovide essential services that may not be profitable enough for a private business to run
2. Bguarantee the corporation always makes the highest possible profit
3. Cprevent government from having any control over strategic industries
4. Drestrict services to only the wealthiest customers

1. Aeliminate the need for government to raise any revenue
2. Bhand full control of essential services to a single private company
3. Cremove government's ability to regulate prices
4. Dprevent a private monopoly from exploiting consumers in a strategic industry

1. Ademand for goods exceeds what the economy can supply, pushing prices up
2. Bthe cost of raw materials falls, so prices fall
3. Cwages fall across the whole economy
4. Dgovernment removes all import tariffs

1. Agovernment reduces the money supply
2. Bthe costs of production, such as wages or raw materials, rise and are passed on in higher prices
3. Cdemand for goods falls below what the economy can supply
4. Dthe exchange rate strengthens against all other currencies

1. Aset the retail price of consumer goods across Africa
2. Bprint the national currency of each member country
3. Ccollect income tax on behalf of member governments
4. Dprovide loans/finance for development projects in member African countries

1. AThe proposal form, used to apply for cover
2. BThe Memorandum of Association
3. CThe bill of lading
4. DThe debenture certificate

1. Aa document cancelling an insurance policy permanently
2. Ba request from the insurer for a higher premium
3. Ca receipt confirming a claim has been rejected
4. Dtemporary proof of cover issued before the full policy document is ready

1. Aprovide workers with a pension/income after retirement
2. Bset the retail prices of goods sold in shops
3. Creplace the need for any commercial banks
4. Dcollect customs duties on imported goods

1. Aa form used to make an insurance claim
2. Ba document proving a company's registered objects
3. Ca point on a road where drivers must pay a fee before continuing their journey
4. Da warehouse used to store imported goods

1. Apay the wages of unrelated government ministries
2. Bfund the national pension scheme
3. Csubsidise imported fuel prices
4. Dbuild, maintain and improve the road

1. Aalways free of charge for business customers
2. Bfaster but more expensive, generally used for urgent or lightweight items
3. Cslower but cheaper, generally used for bulky, non-urgent items
4. Donly available for mail sent within the same city

1. Aunavailable for parcels, only letters
2. Bsent by road, rail or sea, and is slower but cheaper
3. Csent only by aeroplane, and is faster but more expensive
4. Drestricted to letters under 10 grams in weight

1. Aidentical laws and standards in every trading country
2. Bfluctuations in the exchange rate, which can change the value of a deal
3. Ca guaranteed exchange rate that never changes
4. Dthe complete absence of any customs procedures

1. Athe total absence of any transport risk
2. Ba guarantee that goods are never lost or damaged in transit
3. Chaving no need to comply with any foreign regulations
4. Ddelays and extra costs at customs/border posts

Answer this when you sit the paper.

Answer this when you sit the paper.

1. Aconducted through the organisation's official channels, e.g. memos and scheduled meetings
2. Balways spoken and never written down
3. Cimpossible to trace back to any particular sender
4. Donly used between friends outside working hours

1. Aalways slower to spread through an organisation
2. Bconducted outside official channels, e.g. casual conversation or the 'grapevine'
3. Calways recorded in official company minutes
4. Dthe only form of communication permitted in a formal meeting

1. Aare open exclusively to a single buyer at a time
2. Bgive producers a ready, organised market with a transparent, competitive price
3. Cguarantee producers a fixed price that never changes
4. Dprevent buyers from ever comparing different sellers

1. Aproducers can never sell more than one unit per year
2. Bbuyers are guaranteed the lowest possible price at all times
3. Cprices can be very volatile, swinging with world supply and demand
4. Dprices are permanently fixed by international treaty

1. Athe invention of a new machine used in the factory
2. Ba change in the exchange rate between two currencies
3. Ca fall in the cost of imported raw materials
4. Da change in the population's age structure or tastes, affecting what customers want to buy

1. Aa change in the average family size
2. Bthe growth of e-commerce and mobile money, changing how a business sells and gets paid
3. Ca change in customers' cultural attitudes and traditions
4. Dan increase in the country's school-leaving age

1. Aseeing its production costs fall to zero
2. Bbeing left behind by competitors who produce, sell or communicate more efficiently
3. Cautomatically gaining new customers regardless of its methods
4. Dbeing exempted from all future social change

1. Aregister the policy with the Standards Association of Zimbabwe
2. Bcontact an insurer or insurance agent/broker
3. Creceive the full policy document before any application
4. Dpay compensation for a claim that has not yet happened

1. Aonly after the policy has already been issued
2. Bby the insurer, never by the applicant
3. Cin utmost good faith, disclosing all relevant facts
4. Dwithout disclosing any personal information

1. Ais issued only after a claim has been paid
2. Breplaces the need for a proposal form
3. Cgives the applicant immediate, temporary cover once the premium is paid, before the full policy is issued
4. Dcancels the applicant's cover permanently

1. Aregulate the exchange rate of the Zimbabwean dollar
2. Bset and publish national quality/safety standards for goods and services
3. Ccollect income tax from registered businesses
4. Dissue insurance policies to the public

1. Agrants trading licences to new businesses
2. Bcollects customs duty on certified imports
3. Ctests and certifies products that meet its standards, awarding the SAZ mark
4. Dsets the retail price of every certified product

1. Aproducing a surplus of goods or services specifically to exchange or sell to others
2. Bproducing only for one's own household consumption
3. Cstoring goods until a buyer can be found
4. Dadvertising goods that have already been sold

1. Aspecialisation, since a producer focuses on what they do best and trades for the rest
2. Bevery household producing everything it needs itself
3. Cthe complete absence of any market or medium of exchange
4. Da ban on selling any surplus produced

1. Aa new invention or process
2. Ba company's brand name or logo
3. Can original book, song or film
4. Dthe visual/ornamental design of a product

1. Aa newly invented machine or process
2. Ban original creative work such as a novel
3. Cthe ornamental shape of a manufactured product
4. Da brand name, logo or symbol that identifies a business's goods

1. Aa newly invented industrial process
2. Ba company's registered brand name
3. Cthe visual design/shape of a manufactured product
4. Doriginal creative works such as books, music, software and films

1. Aprevent goods from being transferred between different modes of transport
2. Bspeed up loading and unloading, since a whole container is lifted as one unit
3. Cincrease the amount of individual handling each item receives
4. Drequire goods to be repacked at every port along the route

1. Athe speed at which ships can be loaded
2. Bthe standardisation of freight equipment worldwide
3. Cthe number of goods that can be shipped at once
4. Ddamage and theft in transit, since goods inside a sealed container are not handled piece by piece

1. Agoods need less individual protective packaging once sealed inside a container
2. Bevery item must now be individually wrapped before loading
3. Ccontainers are more expensive than the goods they carry
4. Dpackaging is banned once containers are introduced

1. Anever be transferred from one vehicle to another
2. Bonly be used for goods travelling within one country
3. Cmove between ship, rail and road without being unpacked
4. Donly ever be moved by a single mode of transport

1. Alabour costs are unaffected by the method of loading cargo
2. Bcontainers must be unloaded and repacked at every port
3. Cfewer dock workers are needed to move a container than to move its contents item by item
4. Dmore dock workers are required to unpack each container by hand

1. Acan be bought by anyone without restriction
2. Bcannot be owned by more than one shareholder
3. Ccannot be offered or sold to the general public or traded on the Stock Exchange
4. Dmust always be sold on the Stock Exchange

1. Alimited liability, risking only what they invested
2. Bunlimited liability for all of the company's debts
3. Cno legal protection of their personal assets
4. Dpersonal responsibility for the company's tax bill

1. Acan own property and sue or be sued in its own name
2. Bceases to exist the moment any one shareholder dies
3. Ccannot own any property in its own name
4. Dmust be dissolved if a director resigns

1. Abuys in bulk directly from manufacturers, lowering its cost per unit
2. Bbuys only small quantities from other small shops
3. Csells a narrower range of goods than a small shop
4. Dhas no specialist departments or staff

1. Aoperates from a single small counter with one till
2. Bnever has more than one branch
3. Cbenefits from economies of scale that let it sell at lower prices than small shops
4. Dalways charges higher prices than small independent shops