An International organisation that influence and fix the price of oil in the International markets is

a) Outline five problems of barter trade.

b) Explain to Domingo five benefits of using computers in the conduct of his business.

a) List five types of cooperative societies.

b) Explain the following business objectives:

• survival;
• profit maximization;
• growth;
• innovation;
• social responsibility.

Explain the following means of payment in international trade:

• Bill of exchange;
• International bank draft;
• Travelers’ cheque;
• Electronic transfer.

a) What is transportation by pipeline?

b) Explain five benefits of transport by air.

c) State four factors to be considered by a producer in choosing an effective channel of distribution