Practice Aids To Trade (6.6) - Trade - ICSE 9 Commercial Studies

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9 questions

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5 cards from this section. Quick, good the night before a test.
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6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What does transport in trade refer to?
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Think about how goods are delivered.
Question 2.
Name one benefit of banking in trade.
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Consider how payments are made.
3Question 3.
What is one of the main aids to trade?
- Marketing
- Transport
- Sales
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Think about how goods get from one place to another.
4Question 4.
True or False: Insurance is not important for businesses engaging in trade.
- True
- False
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Consider the potential losses a business could face.
Question 5.
A new company wants to enter the market but is hesitant due to potential losses. Discuss how insurance could provide them the confidence to proceed.
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Consider how companies manage risks associated with unexpected events.
Question 6.
In a scenario where advertising is drastically cut, what effects might this have on sales for a company?
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Think about how you learn about new products.

5 more questions in this section. Enroll free to practise them all.