018647 . ZIMBABWE SCHOOL EXAMINATIONS COUNCIL General Certificate of Education Ordinary Level COMMERCE ~~ 7103/2 PAPER 2 ~ NOVEMBER 2007°SESSION 2 hours Additional materials: ~ ‘Answer paper TIME 2 hours INSTRUCTIONS TO CANDIDATES Write your name, Centre number and candidate number in the spaces provided on the answer paper/answer booklet. Answer any four questions. Write your answers on the separate answer Paper provided, If you use more than one sheet of paper, fasten the sheets together, INFORMATION FOR CANDIDATES The number of marks is given in brackets [ ] at the end of each question or pact questions This question paper consists of 3 printed pages and 1 blahk page. Copyright: Zimbabwe School Examinations Council, N2007. cznsec n2007 [Turn overae aaa 1 @ @) 2 @ | @) © 3 @ b) 4 @ @) 5 @) ) 6 @ ) 2 Distinguish between commercial services and direct services. What is the importance of warehousing to a gold miner? List the characteristics of a retail co-operative society. How do small scale retailers survive competition from large scale retailers? How does a buyer benefit from a credit sale? State the services of a wholesaler to a retailer. Why are the following documents important to a trader: () proforma invoice; (ii) advice note? Explain each of the following terms of insurance: () insurance prospectus; (i) public liability; Gil) actuaries. ‘What steps are taken by a person intending to take out an insurance cover? Explain the following terms as applied in business units: @ trade associations; (i) partnership deed; Gili) debentures. Outline the features of a public corporation. Distinguish between a loan and an overdraft. Describe the services offered by a building society. - ‘T0322 N2007 (3) [12] [10] [6] 4) [10] [6] (4) 4) 4 1 (8] (3) 4] (5 [8] (12] {8]@) b) © ‘What is the work of a factor? Describe a charter party. ‘State the advantages of containerisation, Describe the following communication services: f@) @) © @ (b) © private bag; business reply service; telex. Why would a manufacturer want to advertise on radio? ‘What benefits would a company expect from its advertising campaign? How are consumers protected by government through legislation? ‘930. 2007 [4] [8]