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Commerce Zimsec f3

This document contains two sections. Section A asks 11 multiple choice questions about business concepts such as commercial and direct services, factors of production, advantages of specialization and value addition, systems of ownership, business environment factors, problems with barter, benefits of mass production, beneficiation, and the importance of land to Zimbabwe's economy. Section B contains 8 essay questions to choose from about topics like commerce, business environment factors, production, division of labor, industry vs commerce, primary/secondary/tertiary production, banking importance to farmers, advantages/disadvantages of exploiting natural resources, and advantages of warehousing and specialization.

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1K views

Commerce Zimsec f3

This document contains two sections. Section A asks 11 multiple choice questions about business concepts such as commercial and direct services, factors of production, advantages of specialization and value addition, systems of ownership, business environment factors, problems with barter, benefits of mass production, beneficiation, and the importance of land to Zimbabwe's economy. Section B contains 8 essay questions to choose from about topics like commerce, business environment factors, production, division of labor, industry vs commerce, primary/secondary/tertiary production, banking importance to farmers, advantages/disadvantages of exploiting natural resources, and advantages of warehousing and specialization.

Uploaded by

tinashe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Section A

Answer all questions in this section.

1. Distinguish between commercial services and direct services. [4]

2. Name any two factors of production and their rewards. [4]

3. List three advantages forms of specialistaion.[3]

4. List three advantages of value addition.[3]

5. State any two systems of onwership of means of production. [2]

6. List any two internal factors of a business of a business environment [2]

7. State any three problems of barter. [4]

8. What are the benefits of mass production [8]

9. What is Beneficiation? [3]

10. Give reasons why land is important for our Zimbabwean economy.[3]

11. Outline advantages of division of labour. [4]

Section B

Answer any three questions

1.Discuss the term commerce [20]

2.Describe the external factors of a business environment [20]

3. Explain the term Production [20]

4. a) state the advantages of division of labour. [8]

b) distinguish between direct and indirect production. [12]

5. a) Explain the following terms

i. Indirect production (6)

Ii. Tertiary production (6)

b) What is meant by the term industry? [8]

6. a) Distinguish between industry and commerce [12]


b) Explain the following

i. Primary production [4]

ii. Secondary production [4]

7. a) Describe the importance of banking to a farmer [10]

b) Outline the advantages and disadvantages of the exploitation of natural resources.[10]

8. a)State the advantages of warehousing to:

i) A large chain supermarket [5]

ii) Wine importer [5]

b) State five advantages and five disadvantages of specialisation [10]

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