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1.1.2. Aids to trade and logistics
A subsection of Commerce, 7100, through 1. Commerce and production
Listing 10 of 127 questions
Ali owns a small toy manufacturing company. The company is involved in commerce and uses many of the aids to trade. Explain what is meant by commerce. Insurance, and banking and finance are examples of aids to trade. Identify two other aids to trade. Explain why banking and finance is an important aid to trade for Ali’s manufacturing company. Retailers sometimes ask Ali for trade credit. Explain what is meant by trade credit. Should Ali give trade credit to retailers? Give reasons for your answer. There has been a fire at Ali’s factory and he needs to make an insurance claim. Which insurance principles are the most important to Ali when making a claim? Using examples, give reasons for your answer.
7100_s16_qp_23
THEORY
2016
Paper 2, Variant 3
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Questions Discovered
127