(a) List four means of payment in business.

(b) Explain the following: (i) Quotation  (ii) Hire purchase  (iii) Deferred payment  (iv) Quantity discount. 
 

(a) State two advantages of courier services.

(b) List and explain six communication services rendered by the post office. 
 

 Explain the following:

(a) Insurance underwriter

(b) Promoters

(c) Auctioneer

(d) Factor

(e) Broker.  
 

(a) Outline six functions of advertising

(b) Explain seven factors to be considered in choosing an advertising medium 

(a) State four differences between a loan and an overdraft

(b) Explain six factors to be considered by a bank manager before granting a loan.