ZIMBABWE SCHOOL EXAMINATIONS COUNCIL General Certificate of Education Ordinary Level COMMERCE 7103/2 PAPER 2 NOVEMBER 2009 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 part question, This question paper consists of 3 printed pages and 1 blank page. Copyright: Zimbabwe Schoo! Examinations Council, N200. e7IMséC N09 {Turn overExplain the following terms: @) (b) @ (b) © indirect production, tertiary production, How would a retailer benefit by being a member of a voluntary chain? ‘What are the advantages of self-service to a consumer? In what ways do consumers benefit by buying from small-scale retailers? Distinguish between home trade and foreign trade. (a) (o) (a) (b) © @) (b) @) (b) © Outline the features of a credit sale agreement Explain the importance of the following documents: @ proforma invoice, Gi) creditnote, Explain the term shares. State five ways in which a business can improve its net profit. What are the advantages of Tapiwa and Kuda forming a partnership? What is the importance of a Bill of Exchange? Explain to Mrs. Magi, a new current account holder, why a cheque may be dishonoured. Of what importance is the pooling of risks to an insured person? Mr. Madziro wants to insure a building he rents from Mutare Council against the risk of fire. Explain why an insurance company would refuse to cover the risk. Why is a broker important in insurance? 7103/2 N2009 (8) (12) {8] 71 [20] (8] (9) [10] (5] [5] [10] (19) (5) (8](b) ) © pa 3 Give reasons which have led to an increase in air cargo. Describe the following services: @ — datel, (ii) cash on delivery. How are consumers protected by the Hire Purchase Aci? State the benefits of advertising to consumers. What is the role of the Standards Association of Zimbabwe? ‘i032 N2008 [10]