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1

People have a number of basic needs. What do these needs include?

1. Commerce and production  →  1.1.2. Aids to trade and logistics

4. Logistics in commerce  →  4.1. Transport

1. Commerce and production  →  1.2.6. Costs involved in trade, commerce and production

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2

Ghana is one of the highest gold-producing countries in Africa. Which term describes this level of specialisation for gold mining in Ghana?

1. Commerce and production  →  1.2. Production

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3

The table shows aids to trade. banking communications advertising X warehousing insurance Which aid to trade is X in the table?

1. Commerce and production  →  1.1.2. Aids to trade and logistics

1. Commerce and production  →  1.2.6. Costs involved in trade, commerce and production

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4

Which type of retailer offers a limited range of goods to consumers from specially adapted vans?

2. Commercial operations  →  2.3. Retailing

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5

What does Electronic Point of Sale (EPoS) involve?

2. Commercial operations  →  2.3. Retailing

2. Commercial operations  →  2.5.3. Digital use of trading documents

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6

Ahmed wants to buy a washing machine and pay for it later. How is Ahmed’s ability to pay assessed by the retailer?

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7

Which type of credit would be most suitable for paying for a meal at a restaurant?

5. Aids to trade that support commerce  →  5.2. Banking

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8

Shanshan wishes to buy a bedroom suite that is on offer for $1800. If she pays cash, a discount of $360 will be given. If she buys on hire purchase terms, a $90 deposit is required plus 10 equal instalments of $200. How much more will Shanshan pay if she buys on hire purchase rather than paying cash?

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9

Which pair of services does a wholesaler provide to a manufacturer?

2. Commercial operations  →  2.4. Wholesaling

1. Commerce and production  →  1.2.4. Intermediaries in a supply chain

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10

Which type of agent guarantees payment and is responsible for any debts?

1. Commerce and production  →  1.2.4. Intermediaries in a supply chain

5. Aids to trade that support commerce  →  5.3.3. How enterprises make use of insurance

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11

SL Ltd purchases 200 bottles of hand sanitiser for $400. What is the selling price of each bottle of hand sanitiser if SL Ltd requires a mark-up of 25%?

2. Commercial operations  →  2.3. Retailing

5. Aids to trade that support commerce  →  5.4.2. Commercial calculations

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12

What does a buyer issue to find out the terms offered by a supplier?

2. Commercial operations  →  2.5. Trading documents

2. Commercial operations  →  2.5.3. Digital use of trading documents

5. Aids to trade that support commerce  →  5.3.3. How enterprises make use of insurance

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13

What are products sold to foreign countries called?

1. Commerce and production  →  1.1. Trade and commerce

3. Globalisation of trade  →  3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters

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14

What is an example of an invisible item on a country’s Balance of Payments?

3. Globalisation of trade  →  3.1.3. Balance of Trade and Balance of Payments

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15

Which difficulty does a business face only if it is engaged in international trade?

3. Globalisation of trade  →  3.1.2. Challenges of international trade to exporters and importers

3. Globalisation of trade  →  3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters

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16

The government of a country imposes a duty of $100 for each tonne of imported steel. What is this duty called?

3. Globalisation of trade  →  3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters

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17

A British importer buys headphones from a US company. The headphones cost £300000. The exchange rate is GB £1 = US $1.20. How much does the British importer pay in US dollars ($) for the headphones?

1. Commerce and production  →  1.2.6. Costs involved in trade, commerce and production

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18

The diagram shows a delivery truck of a fast food chain with an advertising message on the side of the truck. This lorry is fuelled by our recycled cooking oil. Which type of advertising message is shown...

5. Aids to trade that support commerce  →  5.1. Advertising

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19

What is an advantage of using a digital billboard?

5. Aids to trade that support commerce  →  5.1.2. Methods of traditional and digital advertising media

5. Aids to trade that support commerce  →  5.1. Advertising

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20

A business gives several pairs of sports shoes to a world-famous footballer free of charge. The footballer has a large social media following. What is the most likely reason for doing this?

5. Aids to trade that support commerce  →  5.1.4. Sales promotion

2. Commercial operations  →  2.1.2. Types of private and public sector enterprises

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21

Which advertising method of appeal would make an advertisement more interesting?

5. Aids to trade that support commerce  →  5.1.3. Methods of appeal used in advertising

5. Aids to trade that support commerce  →  5.1. Advertising

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22

The diagram shows the process of communication. X feedback transmission of message What does X in the diagram represent?

2. Commercial operations  →  2.6.3. Factors that affect communication

2. Commercial operations  →  2.6. Communication

2. Commercial operations  →  2.6.2. Methods of communication

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23

A multinational company plans to conduct a meeting with its staff from offices in different countries. Which method of communication should this multinational company use for this meeting?

2. Commercial operations  →  2.6.2. Methods of communication

2. Commercial operations  →  2.1.3. Multinational companies (MNCs) in the global economy

2. Commercial operations  →  2.6.3. Factors that affect communication

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24

Why is it important for a social influencer to post videos regularly?

5. Aids to trade that support commerce  →  5.1.2. Methods of traditional and digital advertising media

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25

What is an example of a post office service?

5. Aids to trade that support commerce  →  5.2. Banking

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26

Which statement best explains why a bill of lading differs from an air waybill?

2. Commercial operations  →  2.5.2. Documents of international trade

4. Logistics in commerce  →  4.1. Transport

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27

Which service is provided at seaports for passengers?

1. Commerce and production  →  1.1.2. Aids to trade and logistics

4. Logistics in commerce  →  4.1. Transport

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28

What do ventilated containers transport?

4. Logistics in commerce  →  4.1. Transport

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29

The flow chart shows a process of transporting goods internationally. seller freight forwarder customs carrier delivery declare consignment buyer freight forwarder customs carrier delivery declare consignment shipping What is the process in the flow chart called?

4. Logistics in commerce  →  4.1. Transport

1. Commerce and production  →  1.1.2. Aids to trade and logistics

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30

Why are selling costs in a cash and carry warehouse lower than in a traditional warehouse?

4. Logistics in commerce  →  4.2. Warehousing

2. Commercial operations  →  2.4. Wholesaling

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31

What is not a function of warehousing?

4. Logistics in commerce  →  4.2. Warehousing

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32

Which type of insurance would protect a business against consumer claims for injury resulting from faulty goods?

5. Aids to trade that support commerce  →  5.3.2. Types of insurance risk

5. Aids to trade that support commerce  →  5.3.3. How enterprises make use of insurance

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33

A motorist paid a premium of $1200 for her car insurance in 2022. She then received a no claims discount of 25% for 2023 for careful driving. What was the amount of her insurance premium in 2023?

5. Aids to trade that support commerce  →  5.3.3. How enterprises make use of insurance

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34

Which document is required when a claim is made following a car accident?

5. Aids to trade that support commerce  →  5.3.3. How enterprises make use of insurance

5. Aids to trade that support commerce  →  5.3. Insurance

5. Aids to trade that support commerce  →  5.3.2. Types of insurance risk

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35

What is needed to use mobile banking?

5. Aids to trade that support commerce  →  5.2.2. Digital technology in banking

5. Aids to trade that support commerce  →  5.2. Banking

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36

What is the main advantage of rail transport being in public ownership?

2. Commercial operations  →  2.1.2. Types of private and public sector enterprises

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37

What is an advantage of becoming a franchisee?

2. Commercial operations  →  2.1.4. Franchises

5. Aids to trade that support commerce  →  5.1. Advertising

2. Commercial operations  →  2.3. Retailing

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38

What describes the purchase of goods when ownership is transferred on payment of the last instalment?

5. Aids to trade that support commerce  →  5.4. Sources of finance and commercial performance

1. Commerce and production  →  1.1.3. Types of commerce

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39

What is a characteristic of an online store?

2. Commercial operations  →  2.3. Retailing

2. Commercial operations  →  2.1.5. Physical and ecommerce location factors

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40

What is not a form of consumer protection?

6. Sustainability and ethics  →  6.3. Consumer protection

5. Aids to trade that support commerce  →  5.1. Advertising

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