(a) State four functions of a cartel

(b) Explain three advantages and three disadvantages of public enterprises 
 

(a) List six credit instruments used in business transactions

(b) Mr. Sylva is considering hire purchase as a source of finance for his business operations. State four advantages and three disadvantages of this source of finance.

(a) Explain four factors to be considered in setting up a retail business.

(b) State how the government uses the following to regulate business:
i. registration of business name
ii. patent;
iii. trade mark;
iv. copyright.

(a) State four functions of a Stock Exchange.

(b) Explain the following types of securities traded on the Stock Exchange:
i. debentures
ii. bonds
iii. shares 
iv. stock.

(a) State five functions of an Export Promotion Council.

(b) Outline five roles performed by the Customs and Excise Authority towards the growth of commerce