1.2.6. Costs involved in trade, commerce and production
A subsection of Commerce, 7100, through 1. Commerce and production
Listing 10 of 54 questions
Mr Tan is a trader in Singapore. He imports goods from countries in South East Asia and sells to customers in Singapore. Singapore is a freeport. Explain what is meant by a freeport. What are the advantages to Mr Tan of using a freeport? State two advantages to Mr Tan of accepting payments from customers in Singapore using: debit cards credit cards. Mr Tan offers cash discount to customers who purchase regularly from him. Discuss whether or not he should do this. Give reasons for your answer. Mrs Cheah has bought goods from Mr Tan costing $12 000. She hopes to sell them again with a mark up of 20%. How much profit will she expect to make? Show your working. Explain two reasons why Mrs Cheah may not achieve this mark up on all these goods.
7100_w11_qp_22
THEORY
2011
Paper 2, Variant 2
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Questions Discovered
54