Senior 4 Commerce Assignment 1

This assignment contains eight compulsory commerce questions for Senior 4 learners, with marks allocated to each part. It asks learners to distinguish specialization from division of labour, evaluate single-crop farming, and explain branding in trade. Other questions address types of partners, the benefits and drawbacks of partnerships, taxation in Uganda, advertising, and public and private warehouses. Learners also distinguish goods from services and explain types of goods. The final question uses a trader’s turnover, markup and expenses to calculate cost of sales, gross profit, net profit ratio and gross profit margin.