11. Outline four roles of transport in the facilitation of trade.(4 marks)

(a)................

(b)................

(c)................

(d)................

12. State three circumstances under which firms would form a cartel.(3 marks)

(a)................

(b)................

(c)................

13. Outline four conditions under which a manufacturer would distribute his products through the wholesaler. (4 marks)

(a)................

(b)................

(c)................

(d)................

14. State four reasons for maintaining a cash book in a business enterprise. (4 marks)

(a)................

(b)................

(c)................

(d)................

15. Apart from the forces of demand and supply, list four other ways in which the price of a product may be set. (4 marks)

(a)................

(b)................

(c)................

(d)................

16. Outline four factors that would make two people taking the same type of life assurance policy with the same insurer to pay different amounts of premium. (4 marks)

(a)................

(b)................

(c)................

(d)................

17. State the line of communication involved in each of the following: (4 marks)

(a)................

(b)................

(c)................

(d)................

(a) The Manager of ABC Company Ltd talking to the Manager of XYZ Company Ltd.

(b) A secretary asking for time off from her boss.

(c) The Production Manager giving instructions to the Secretary of the Sales Manager.

(d) The Store Keeper giving explanations to the Chief Accountant.

18. List four books of original entry that may be used to record transactions affecting stock.(4 marks)(4 marks)

(a)................

(b)................

(c)................

(d)................

19. Highlight four external economies of scale that a firm may get when operating on a large scale.(4 marks)

(a)................

(b)................

(c)................

(d)................