Correct Answer: D. Exchange

Explanation

(a) Foreign trade is the buying and selling of goods and services beyond the geographical boundaries of a country/between one country and the other.

(b) Difference between foreign and home trade Foreign Home

(c) Reasons for restriction of foreign trade

(i) To prevent the dumping of goods on the country.

(ii) To generate revenue for the country's economy.

(iii) To prevent and encourage local industries

(iv) as a retaliatory measure on foreign countries where their own goods are barred (countries that do not buy their own goods)

(v) To improve balance of payment deficit.

(vi) To create employment opportunities for their citizens.

(vii) To preserve the country's foreign reserve.

(viii) To prevent the entry of harmful goods.

Correct Answer: D. through pipelines

Correct Answer: B. a counter offer

Explanation

(a) Manufacturer brands his products because of the following reasons:

(i) Branding makes self service easy -1 a supermarket.

(ii) It enables the manufacturer to maintain standard.

(iii) Branding will make market segmentation possible.

(iv) It also ensure brand loyalty.

(v) It is a form of advertisement.

(vi) Branding leads to increase in sales.

(vii) It will make personal selling easy.

(viii) Branding differentiates manufacturer's product from another product

(b) Advantages of packaging include:

(i) Packaging reduces adulteration by competitors.

(ii) It is advertising products.

(iii) The containers can be used for other purposes.

(iv) Use of the product and side effect can be printed on the package.

(v) It serves as protector for the goods during transportation.

(vi) It makes for easy handling.

(v) It gives room branding and labeling.

(viii) It reduces the burden of retailers.

Correct Answer: B. provides a link between the different arms of production

Correct Answer: C. profit

Correct Answer: C) Standing order

Explanation

An order cheque is a type of cheque that is payable only to a specific person or business. It cannot be cashed by anyone else.

Endorsing a cheque means signing the back of the cheque to transfer the ownership of the cheque to someone else. When an order cheque is endorsed, it can be used as a standing order.

A standing order is an instruction given to a bank by an account holder to make regular payments of a fixed amount to another account. For example, if you have a standing order set up to pay your monthly phone bill, the bank will automatically transfer the specified amount from your account to the phone company every month.

So, when an order cheque is endorsed, it can be used as a standing order to make regular payments.

Therefore, the correct option is C: Standing order.

Correct Answer: C. Standards Organization of Nigeria

Correct Answer: D. Bolivia

Explanation

European union consist of 27 countries which are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherland, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.