(a) Explain the meaning of market segmentation

(b) List and explain four factors to be considered in segmenting a market

(a) Define the following terms

(i) nationalization (ii) Indigenization (iii) commercialization  (iv) privatization

(b) state four reasons why government should participate in business

From the above information calculate the: (a) turnover (b) cost of goods sold (c) gross profit (d) Rate of stock turn

a) Explain the following types of discount:

• Trade discount;
• Quantity discount;
• Cash discount;
• Seasonal discount.

b) State five functions of a development bank.