CONFIRM NABTEB COMMERCE THEORY AND ANSWER

(3a)Give five reasons why consummer need protection

(3b)explain 5means by which consummer can b procted.

(6a)define advertisement

(b)list and explain 5media of advertisement

(4a)explain 5 important of transport to commercial

(8a)explain 5 function of commercial bank

(b)define market

(7a)state d differences b/w indigenazation and nationalizatn

(b state 5 advantage of nationalization

NABTEB COMMERCE ANSWERS

3ai)Because without it they are subject to being ripped off by retailers.

ii) being sold faulty goods and being unable to change them

iii)being sold things that are not what they were advertised as being.

iv)Without protection from these kinds of practices and many others a consumer is in a very bad position if they buy something from some irresponsible traders.

3bi) it promotes a more efficient functioning of the market by compensating for the imbalance between consumers and sellers as regards bargaining power and informational control.

ii)Consumers are generally isolated individuals who do not have the substantial resources or power to engage traders in specific and favourable bargains.

iii) in light of the standard form contracts which are dominantly used in electronic contracts around most parts of the world.

6a)A notice or announcement in a public medium promoting a product, service, or event or publicizing a job vacancy

6b) i.) sponsors,

ii) traditional media;

iii) mass media

iv) newspaper,

v) magazines,

vi)television commercial,

vii) radio advertisement,

viii) outdoor advertising

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