(a) Mention four types of co-operative societies.

(b) State two distinguishing features and two functions of each type mentioned in 2(a) above.
 

(a) Define a bill of exchange.

(b) State six essential features of a bill of exchange.

(c) List the parties to a bill of exchange. 
 

(a) What is an agency?

(b) Explain the features of the following agents:
(i) Factor
(ii) Broker
(iii) Del-credere agent
(iv) Auctioneer. 
 

(a) Distinguish between marketing and a market

(b) In which four ways is marketing important to a developing country? 
 

Write the following in full and explain their meanings:
(a) C.I.F.
(b) F.O.B.
(c) F.A.S.
(d) F.O.R.
(e) C.F.