Explain the following retail outlets:

(i) department store (ii) mobile shop (iii) chain store (iv) mail order business (v) supermarket 
 

(a) State five merits of co-operative societies

(b) Explain five procedure to be followed in the formation of a Private Limited Company 

 (a) State four features of a warehouse

(b) Explain six reasons why warehousing is important to a business 
 

 (a) Define advertising

(b) Explain four demerits of advertising

(c) Explain five different ways producers can create awareness for their goods and services 
 

Explain the following business terms:

(a) standing order

(b) bank draft

(c) legal tender

(d) money order

(e)I.O.U