Comments

Candidates who attempted this question performed well. However, some could not give examples of the industries.

The expected responses are.

1. Career opportunities available to a student of commerce



i.Trading/Wholesaling/Retailing	vii. Transportation
ii. Marketing/Salesmanship	viii. Warehousing/Storekeeping
iii. Agency	ix. Stock broking
iv. Banking	x. Tourism
v. Accountancy/Accounting	xi. Communication
vi. Insurance	xii. Advertising

2. Functions of an Entrepreneur


1. An entrepreneur organises all the other factors of production.


2. He provides capital.


3. He takes the final decisions on all matters concerning the business.


4. He bears all the business risks.


3. 1. Extractive industry
   
   

   This deals with obtaining materials from nature or earth. Examples are farming, fishing, lumbering, mining and drilling

   2. Construction industry
   
   

   This involves the assembling of manufactured products into useable forms. It includes furniture making, construction of bridges, roads, rail and seaports.

   
   
   3. Manufacturing industry
   
   

   This involves the changing of raw materials into finished and semi finished goods. Activities in this sector include making of vehicles, textiles, refining and brewing.

   
   
   4. Tertiary industry
   
   

This is concerned with the provision of commercial services including direct and indirect




services. It involves the distribution and exchange of goods and services. Examples are




banking, teaching, barbing, trading, entertainment, medical and legal services.