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]