Correct Answer: C) imposes tariffs

Explanation

Tariffs are taxes or fees that a country places on imported goods. When a country imposes tariffs, it increases the cost of imported goods, making them more expensive for consumers. This can make people less likely to buy imported goods and instead choose to purchase goods made within their own country. By discouraging imports, a country can protect its domestic industries and promote the growth of its own economy.

In contrast, subsidizing exports (Option A) means providing financial assistance or incentives to companies that sell goods to other countries. This can help increase the competitiveness of a country's exports and encourage foreign countries to buy more of its goods. Removing quotes (Option B) doesn't directly relate to discouraging imports. Encouraging free trade (Option D) means promoting the exchange of goods and services between countries with minimal barriers, which would not discourage imports.

Therefore, the correct option in this question is Option C: Imposes tariffs.

Correct Answer: D. the legal backing

Explanation

Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation

Correct Answer: B. profit making

Explanation

One of the objective of business is to derive maximum profit. Others include: to provide goods and services that will meet the needs of the consumers, to protect the interest of workers etc.

Correct Answer: A. devaluation

Correct Answer: D. extractive

Correct Answer: D. advertising

Explanation

(a) Features of itinerant trading are:

(i) It is a small-scale business.

(ii) It requires small capital outlay.

(iii) Convenient goods such as food, wears are sold.

(iv) Goods are conveyed by head, in trays, wheel-barrows and suitcases, from one place to another.

(v) Prices of goods are usually relatively low.

(vi) It involves non-expensive means of advertising.

(vii) Variety of goods are usually carried in small quantities.

(viii) It involves door-to-door selling

(ix) The intenerate trader does not pay rent.

(b) Features of a Supermarket are:

(i) In supermarkets, goods are displayed to encourage impulse buying, attractive display and window display.

(ii) A supermarket is usually located around residential areas and city capital centres.

(iii) A supermarket sells mostly household goods and groceries.

(iv) A supermarket has large storage facilities.

(v) A supermarket is operated on self-service, making use of few attendants.

(vi) A supermarket has large floor space.

(vii) Supermarket operators buy in bulk and sell in units.

(viii) Majority of goods sold are with price tags.

(ix) Baskets and trollies are used to convey items for purchase to the cashier for payment.

(x) Large capital is required.

Explanation

(a) Marketing mix is a collection of controllable factors that can be used to influence the behaviour of customers or consumers.

(b) (i) Marketing concept is the idea of belief that consumers/customers should be treated as 'Kings'.

(ii) The interest and desires of consumers/customers must be taken into consideration in bringing out products or any business activities.

(iii) The basic idea behind marketing concept is consumer orientation.

(c) The elements of marketing mix are as follows:

(i)Product: This is the merchandise/goods and services offered for sale. - Product features, Packaging, Labeling Product equality etc.

(ii)Price: This is the value placed on a product. It includes: - Price level, Discounts , Payment terms.

(iii)Promotion: This is concerned with informing customers of product features and persuading them to buy the product. It consists of: - Advertising, Sales promotion , Personal selling, Public relations.

(iv)Place: This is concerned with putting the right quantity of products in the right location at the appropriate time. It comprises: Market overage, Channels of distribution , Inventory planning, Physical distribution (warehousing) Transport etc.

Correct Answer: D. freedom from external influence

Correct Answer: C. tourism