Explanation

(a) Business Merger; is the fusion of two or more business enterprises through direct acquisition of the net assets of the other i.e, the coming together of two or more formerly independent companies to form one bigger and united company.

(b) Reasons why some businesses merge include:

(i) To obtain the economies of large scale.

(ii) To gain security from cut- throat competition.

(iii) To diversify their activities.

(iv) To raise enough capital for expansion.

(v) To obtain raw materials from direct sources and at lower prices.

(vi) To fight economic recession.

(c) Disadvantages of business merger include:

(i) The business can become a monopolist.

(ii) Merger of companies may lead to un-employment as some workers may be retrenched.

(iii) It does not encourage specialisation.

Correct Answer: D. securities

Correct Answer: C. income is unevenly distributed

Explanation

Income is often unevenly distributed as few individuals are now in control of the industries and also there will be reduction in employment.

Correct Answer: C. consumer

Explanation

(a) Industry consists of the activities geared towards the production of goods through extraction, manufacturing and construction while commerce deals with the various activities which enables the produced goods to reach the final consumer.

(b)Activities of those engaged in commercial occupation

(i)Trading: This involves the activities of those who engage in buying and selling both within and outside the country or the activities of those who engage in exchange of goods and services.

(ii)Transportation: Those in this occupation provide the means by which goods and people are moved from one location to another.

(iii)Communication: This consists of people engaged in enabling producers and consumers be in close contact without meeting physically.

(iv)Banking: Those working as bankers provide facilities for saving, borrowing, investing and payments.

(v)Advertising: Advertising practitioners inform potential buyers and sellers about the existence, nature, use, price of goods and services through various advertising media.

(vi)Warehousing: This involves the activities of keeping custody of goods and making them available on demand. (vii) Insurance: Insurers provide cover for business and compensate in case of loss.

Correct Answer: A. government financial grant

Correct Answer: A. current assets

Correct Answer: A. i and ii

Correct Answer: A. advertising goods

Correct Answer: C. Consumer-oriented