GCE:Commerce click now

(1a)
(i) No payment of rent
(ii) It is Door to Door service
(iii) Small capital is involve to set up
(iv) Consumable goods are sold majorly
(1b)
-Land is a free gift of nature and also a place where
every other factors of productions take place.
-labour is both mental and physical input on the
factors of production
-capital is the amount invested in the factor of
production
-enterpreneur is the person responsible to supervise
all other factors of production
(5a)
-Settlement of Debt
-medium of exchange
-unit of account
-store of value.
(5b)
-It is saver to carry cheque than cash
-It is easy for drawer to stop payment so as to
prevent fraud
-Cheque can serve as a receipt and a proof of payment
-It is more convenient to carry chque about than cash
-cheque help to economise in the use of currency
notes and coins
-Cheque counterfoil slip can be used by drawer for
proper payment and receipt


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