Correct Answer: C. where very large capital is required

Correct Answer: A. cultural tourism

Correct Answer: B. capital employed

Correct Answer: C. insurance and transport costs

Correct Answer: A. perishable

Explanation

perishable foods are those that spoil or

Correct Answer: B. can be offered and accepted for payment

Correct Answer: B. cashier's cheque

Explanation

(a) The business resources are:

(i) Money resources

(ii) Materials resources

(iii) Management

(iv) Opportunities

(I)Money resources:Money includes all the working capital available to a business. Money is important because, without it, a business cannot take off. It can be obtained by borrowing, selling shares, etc.

(ii)Material resources. Materials include tools, machinery, equipment, etc used in business. The money resources that are turned into mate rials help the business to operate economically and efficiently.

(iii)Management resources:Management is the resources of business which plans, organizes, directs and controls the operation of the business enterprise. It is also referred to as human resources.

(iv)Opportunities:These include facilities within the environment that are beneficial to the business. These are roads, electricity, telephone services, etc.

(b) Four ways by which government regulates business are:

(i) All business units must be duly registered before they can commence business .

(ii) Business can be regulated through granting of patent right, copyright and trade mark for companies.

(iii) The government ensures the use of standard weights and measures for products.

(iv) The location of a business is approved by the government.

(v) Government approves importation and exportation by the public.

(iv) The Government imposes tax on the profit of business enterprises.

(vii) Business enterprises are compelled to publish their accounts for public consumption.

Correct Answer: D) C.I.F

Explanation

Option A is F.O.B. F.O.B stands for Free on Board and it means that the seller is responsible for delivering the goods to the port or point of shipment. However, it does not include the cost of insurance and carriage, so option A is not the correct answer.

Option B is FASC. FASC is not a commonly used term in commerce, so it is unlikely to be the correct answer.

Option C is O.D. O.D stands for On Delivery and it means that the payment is made when the goods are delivered. However, it does not indicate that the price quoted includes the cost of insurance and carriage, so option C is not the correct answer.

Option D is C.I.F. C.I.F stands for Cost, Insurance, and Freight and it means that the price quoted includes the cost of insurance and carriage. This is the correct answer to the question.

Therefore, the correct answer is option D: C.I.F.

To learn more about this, please read the relevant sections of the recommended textbooks.

Correct Answer: D. conceptual marketing