Comm S
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KIKAAYA COLLEGE SCHOOL END OF TERM I EXAMS 2008 COMMERCE S.I DURATION: 1 ½ HOURS INSTRUCTIONS: Attempt all questions. 1. Define commerce? (b) Draw an illustration to show the chain of commerce. 2. Explain the term Aids to trade (b) List down the aids to trade that you know. 3. Why do we study commerce? (give 5 reasons) (b) What is the importance of commerce to business men? Give 5 reasons. 4. Differentiate between specialization and division of labour. (b) Explain the types of specialization. (c) Outline the factors that give rise to specialization 5. Differentiate between the following terms as used in commerce. (a) Import trade and export trade (b) Whole sale trade and retail trade (c) Opportunity cost and choice 6. Define barter trade. (b) List down the problems of barter trade. GOOD LUCK
