Insurance Notes Form 5 – Commerce Study Guide PDF DEFINITION Is a contract whereby one party called the Insured (Person taking out  Insurance) agrees to pay the sum of money to another party called the Insurer (Insurance company) and the Insurer also agrees to Indemnify (compensate) the Insured in the happening of an event. OR Is a system of pooling risk

Transport and Communication Notes Form 5 – Commerce Study Guide Are you looking for Commerce Notes Form 5 – Transport and Communication? Join WhatsApp Group TRANSPORT AND COMMUNICATION TRANSPORTATION − means the process whereby the passengers and goods are moved from one place to another place. − Transport is one of the aids to which assets in moving or goods from the

Commerce Form 5 Topic 6 Warehousing Notes PDF Download WAREHOUSING This is an aid to trade involving storing of goods and raw materials against atmospheric conditions, pests, theft etc. Therefore it is protection offered to goods when they are not required until they are required.WHY IS WARE HOUSING NECESSARY (FUNCTIONS OF WARE-HOUSING)1. It enables a stock of goods to be stored until they

Commerce Form 5 Topic 5 Retail Trade Notes PDF Download RETAIL TRADE – COMMERCE NOTES FORM 5 Introduction The word retail come from French word which means to out a big lots into small lost. It describes the most important function of retailer which is buying goods in large quantity from wholesaler and selling them in small quantity to consumers.

Commerce Form 5 Topic 4 Wholesale Trade Notes PDF Download WHOLESALE TRADE This is the trade which involves the buying of goods in large quantities from a manufacture and selling them to the other traders i.e retailers rather than consumers. A wholesaler is the person who buys goods on bulk from manufacturers and sells them to retailers. The main role of wholesaler

Commerce Form 5 Topic 3 Trade in General Notes PDF Download TRADE IN GENERAL Trade or trading refers to the buying and selling of goods or services for non-personal use with the aim of making profit.It is the interchange of products between the producers and consumers at a price or consideration.Trader: is that person who buys goods or services and sells

Commerce Form 5 Topic 2 Production Notes PDF Download PRODUCTION This is the process of making goods or rendering services for the satisfaction of human wants e.g. process of changing the goat skin into pairs of shoes. Production can also defined as the creation of utility . there are several types of utility .these are : FORM UTILITY This is

Commerce Form 5 Topic 1 Scope of Commerce Notes PDF Download SCOPE OF COMMERCE – COMMERCE NOTES FORM 5 DEFINITION OF COMMERCE Commerce is the subject which deals with exchange and distribution of goods and services in order to satisfy human needs or wants. Commerce is a branch of production which concerned with exchange and distribution of goods and services

Commerce Form 5 & 6 Full Notes All Topics PDF Download FORM FIVE 1. SCOPE OF COMMERCE Join WhatsApp Group 2. PRODUCTION 3. TRADE IN GENERAL 4. WHOLESALE TRADE 5. RETAIL TRADE 6. WAREHOUSING 7. TRANSPORT AND COMMUNICATION 8. INSURANCE 9. ADVERTISING 10. MONEY AND BANKING 11. STOCK EXCHANGE FORM SIX 1. FOREIGN TRADE 2. IMPORT TRADE 3. EXPORT TRADE 4.

Kiswahili Kidato Cha 5 & 6 Full Notes PDF Download CONCEPT AND DEFINITION (MEANING) OF LANGUAGE There are various experts who have tried to define the meaning of language, for example Mgullu (1999) in his book “Mtalaa wa Isimu” referring to the ideas and opinions of various experts has tried to define the meaning of language as follows. Trudgil, (1974) says “Language is