Explain five factors that adversely affect the growth of commerce in West Africa.
 

(a) Explain to a group of Sole Proprietors who wish to form a partnership any seven problems they are likely to face.

(b) State three conditions suitable for the formation of partnership business. 
 

Give five aims for establishing each of the following:

(a) Economic Community of West African States (ECOWAS).

(b) International Monetary Fund (IMF). 
 

(a) Mention and explain five ways by which the Central Bank regulates the activities of commercial banks.

(b) State five factors which a bank manager considers in granting loans to customers. 
 

Explain the following ;
(i) marketing concept
(ii) marketing mix
(iii) market segmentation
(iv) product differentiation