(a) Explain the meaning of working capital and state its importance.
(b) Outline any seven factors which might affect the rate of turnover.
(a) What is a bonded warehouse?
(b)State four ways in which a bonded warehouse may be useful in international trade.
(a) Give any five advantages of advertising.
(b) What are five distinctive merits of television as a medium of advertising.
Distinguish between the following:
(a) Broker and Jobber.
(b) Gross profit and net profit
(c) Fixed capital and liquid capital.
(d) Factors and del credere agents.
(e) F. 0. B. and C. I. F.
(a) What is consumerism?
(b) Give three reasons why consumers need protection.
(c) State any five measures taken by government or associations to protect consumers in Nigeria.