Explain five ways in which commerce is important in the life of a nation 

 (a) List four features of a self service shop.

(b)State four disadvantages of a self service shop.

(c)State four importance of working capital to a business. 
 

 (a)State four functions of wholesaler to a retailer.

(b) Explain five advantages of small scale retail business over a large scale business. 
 

 Explain each of the following classes of insurance:

(a) Marine insurance

(b)Accident insurance

(c)Group insurance

(d) Fidelity Guarantee insurance

(e) Consequential Loss Insurance.
 

(a)Explain four functions rendered by a courier firm.

(b) Explain six functions rendered by a Telecommunication firm