Commerce Paper 2, Nov/Dec. 2014  
Questions: 1 2 3 4 5 6 7 8 Main
General Comments

Question 1
  1. Explain the term  “exchange in commerce
  2. Yakubu Aremu a civil servant is about to retire from the service and intends to start a retail business.  Explain to him six factors he should consider before starting a retail business.


Candidates could not state the meaning of ‘exchange’ in commerce.  They used “exchange” to comment define “exchange

Exchange in commerce means buying and selling of goods and services.  The candidates attempted the part (b) of the question is an application question well.

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