In the Zambia O-Level Commerce syllabus, commerce is best described as:
Production And Trade
Question · Easy
Which activity is an example of primary production in Zambia?
A tailor in Chipata who sews school uniforms for sale in the local market is engaged in:
Question · Medium
Which set correctly pairs a factor of production with its usual reward?
The 2024 Commerce syllabus lists technology as a factor of production. Which example best fits that factor?
Division of labour on a Lusaka assembly line is mainly a form of:
A baker who grows maize only to feed her own household, and sells nothing, is an example of:
Which chain correctly shows the usual link between the stages of production for copper roofing sheets sold in a hardware shop?
Which environmental response is a 3 Rs strategy a manufacturer can use after production creates waste?
Specialisation raises output, but a Commerce candidate should also recall a main commercial challenge it creates:
Question · Hard
Home trade in Zambia is best defined as:
Which occupation is a tertiary commercial service rather than a secondary activity?
Retail trade is the buying of goods in order to sell them:
Retail And Wholesale
A wholesaler’s core function in the chain of distribution is to:
Before opening a retail grocery in a township, which factor is the Commerce syllabus most likely to treat as a location decision?
Breaking bulk means a trader:
A kantemba selling single sachets of washing powder next to a minibus rank is mainly performing which retail service?
Which statement correctly contrasts a large supermarket chain with a small independent grocer?
A producer that sells branded cooking oil straight to household customers through its own shops is:
Which is a realistic challenge of running a wholesale business in Zambia?
Cash-and-carry wholesaling is attractive to small retailers mainly because:
Which service is a retailer more likely than a manufacturer to provide to a household customer?
A retailer writes to a wholesaler asking for current prices and delivery times. The document sent is an:
Documents Of Trade
Which document tells the buyer how much is due for a particular consignment of goods sold?
A seller issues a credit note when:
A delivery note is used mainly to:
Trade discount is given mainly:
A wholesaler’s list price is ZMW 45,000. A retailer is allowed 10% trade discount. The net invoice price is:
Goods are listed at ZMW 80,000. Trade discount is 20% and a further 5% cash discount is allowed if payment is made immediately. The amount paid immediately is:
A trader buys goods for ZMW 6,400 and applies a 25% mark-up on cost. The selling price is:
Goods cost ZMW 4,000 and sell for ZMW 5,000. Which statement is correct?
Opening stock is ZMW 15,000, closing stock ZMW 9,000 and cost of goods sold ZMW 72,000. The rate of stockturn is:
Under a hire-purchase agreement, ownership of the goods usually passes to the buyer:
Credit And Contracts
Deferred payment differs from hire purchase mainly because:
A customer pays weekly sums to a furniture shop that sets a sofa aside and will release it only when the full price is paid. This method is:
Which are essential elements of a simple business contract in the Commerce syllabus?
Price tags on mealie-meal bags in a supermarket are usually treated in contract law as:
Which event can discharge a simple business contract?
A fridge has a cash price of ZMW 12,000. On hire purchase the buyer pays a ZMW 3,000 deposit and 10 monthly instalments of ZMW 1,000. The extra cost of using hire purchase is:
Informal credit from a neighbourhood grocer is risky for the trader mainly because:
International trade is best described as:
International Trade
Which document is an order placed with an overseas supplier or buying agent?
A bill of lading is important in sea shipments because it is:
A documentary credit (letter of credit) in foreign trade is mainly:
Balance of trade differs from balance of payments because the balance of trade:
Which body is primarily responsible for tax and customs compliance on Zambian imports and domestic taxes?
Imported goods may be stored in a bonded warehouse so that:
Visible exports are ZMW 9.6 billion and visible imports ZMW 7.2 billion. The balance of trade is:
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