VIKTUZ

Tuzer Commerce answer
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1a )
i) No payment of rent
ii ) It is Door to Door service
iii ) Small capital is involve to set up
iv ) Consumable goods are sold majorly
1b )
- Land is a free gift of nature and also a place where every other factors of productions take place .
- labour is both mental and physical input on the factors of production
- capital is the amount invested in the factor of production
- enterpreneur is the person responsible to supervise all other factors of production
- store of value.
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2a )
- There is perpetual existence or continuity . Death of a member cannot bring the organisation to an end
- It is registered as a limited liability. Members liability is limited to the shares held
- It is democratic in nature
- Profit is shared based on patronage
ii ) Mail order business
- It is shopping by post
- It is perculiar with cash on delivery transactions and cash with order terms of payment
- Goods are delivered at the buyer ' s destination
- Packages are usually to customer ' s tastes
2b )
- By expiration of agreement :where theb patnership is entered into for afixed period of time , it is assumed dissolved at the expiration of the fixed date
- Bankrupty of a patner : Patnership will be dissolved when one of the patners is bankrupt
- Insolvency of the business :when the business cannot meet its obligations
- Deathof as patner :The death of a patner will bring the business to anend
- Insanity of a patner :If one of the patners become insane the remaining patners can apply to to the court for dissolution
5a )
i) Medium of Exchange :
The most important function of money is that it serves as a medium of exchange. In the barter economy a great difficulty was experienced in the exchange of goods as the exchange in the barter system required double coincidence of wants . Money has removed this difficulty .
ii )Measure of Value :
Another important function of money is that it serves as a common measure of value or a unit of account . .
iii ) Standard of Deferred Payment:
Another function of money it that it serves as a standard for deferred payments .
iv ) Store of Value :
Lastly , money acts as store of value. Money being the most liquid of all assets is a convenient form in which to store wealth , that is, money can be held as an asset .
5b )
- It is saver to carry cheque than cash
- It is easy for drawer to stop payment so as to prevent fraud
- Cheque can serve as a receipt and a proof of payment
- It is more convenient to carry chque about than cash
- cheque help to economise in the use of currency notes and coins
- Cheque counterfoil slip can be used by drawer for proper payment and receipt
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7a )
Market segmentation is a process of the total heterogenous market for a product into several sub marked or segments each of which tends to be homogeneous in all important aspects.
(7 b)
(i ) Risk bearing: Marketing anticipates risk inherent in business and tries to minimize the risk and ensure adequate protection by taking the necessary insurance cover .
(ii ) Storage of goods : It helps in storage and warehousing of goods until they are demanded in order to ensure regular and constant supply .
(iii ) Prices : Marketing assists the organizations to fix reasonable price for their products that would ensure enough profit .
(iv ) Packaging: This involves designing and producing the container or wrapper for the product so as to protect it during distribution .
(v ) Transportation of goods : It ensures that raw materials, finished goods and services are transferred to places where they are needed.
(vi ) Standardization and grading: A major function of marketing is to ensure that products conform to the required standard and qualify in terms of taste and durability.