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Business Concepts and Consumer Protection Guide

The document consists of examination questions divided into two sections, covering various topics related to business, economics, and consumer protection. Section A requires answers to specific questions about production, e-commerce, business plans, insurance, and communication, while Section B offers broader discussion questions on multinational companies, consumer protection, trade associations, and international finance. The questions aim to assess knowledge and understanding of key concepts in business and economics.

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60 views2 pages

Business Concepts and Consumer Protection Guide

The document consists of examination questions divided into two sections, covering various topics related to business, economics, and consumer protection. Section A requires answers to specific questions about production, e-commerce, business plans, insurance, and communication, while Section B offers broader discussion questions on multinational companies, consumer protection, trade associations, and international finance. The questions aim to assess knowledge and understanding of key concepts in business and economics.

Uploaded by

mhandireketi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Section A

Answer all questions from this section

1.
a. Identify any two reasons for production [2]
b. Explain the term ad-valoem duty [2]
c. State and explain any two examples of discounts given to customers by
retailers [2]
d. State any two external factors to consider before establishing an enterprise
[2]
2.
a. Describe how would customers assist themselves from impulsive buying?
[2]
b. Why is the consumer safety act important to your country? [1]
c. Explain the term e- commerce [2]
d. What are the importance of e-commerce in home trade? [1]
3.
a. Describe how a public business corporation is controlled? [3]
b. Outline any four contents of a business plan? [4]
4.
a. Outline the features of the hire purchase [3]
b. Use the information below to calculate the balance of payment (B.O.P) of a
country Y. [3]
i. Goods bought from country Z $ 7 500
ii. Services received from country P $10 000
iii. Goods produced directly in country P by country Y $15 000
iv. Goods received from country P $ 5 400
v. Services given to country P by our investors $ 7 000
5.
a. Explain the function of underwriters in insurance [4]
b. What are the merits of a whole life assurance policy? [3]
6.
a. Outline the advantages of communication to a retailer [4]
b. Identify any two formal means of communication [2]

Section B (60 marks)

Answer any three questions from this section

7.
a. Describe the terms value addition and beneficiation [10
b. Discuss the benefits and problems of having multi-national companies in
your country [10
8.
a. Describe the characteristics of a Variety Chain Store [10
b. Explain any two methods used to make payments in international trade
[10
9.
a. Describe the role played by the government of your country in protecting
consumers [10]
b. Discuss the merits and de merits of containerisation in the transport
industry [10]

.
10.
a. Describe the characteristics of a public limited company [10
b. Discuss the merits and de merits of trade associations to your country [10
11.
a. What are the functions of the international monetary fund (I.M.F)? [10
b. Distinguish between a bank loan and a bank overdraft [10
12.
a. Describe the procedures taken when claiming compensation in insurance
[10
b. Show the difference between the internal and external environments of a
business [10
13.
a. Describe the reasons why Zimbabwe should trade with other countries [10
b. Describe the benefits and problems associated with free trade [10
14.
Describe the characteristics of the following documents
a. Memorandum of association [5]
b. Articles of association [5]
c. Partnership deed of agreement [5]
d. Companies act [5]

[THE END]

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