Commerce Paper 1, NOV/DEC 20013

Commerce Paper 1,Nov/Dec 2009

Questions:	1	2	3	4	5	6	7	8	9	10	Main

General Comments
Strength
Weakness/Remedies

Question 1

Explain each of the following:

Production;
Primary production;
Secondary production;
Tertiary production.

List and explain the factors of production.

observation

Question one (1) was a favourite question for candidates and they performed impressively. However, many of them fumbled with definition of Tertiary Production: - Tertiary Production involves the provision of commercial or professional services, e.g. banking, teaching, etc.