Untitled Quiz

Produce is distributed from the producer to the consumer through a chain of intermediaries, such as marketing boards, wholesalers, and retailers.
There are multiple routes that produce can take to reach the consumer (routes 1-5).

Government policies can regulate industrial location and production activities.
Civic education through community sensitizations can help promote environmental awareness.
- This can be done by establishing organizations like the CCPC (Consumer Complaints and Protection Commission) and Environmental Protection Clubs in schools.
Public utilities provided by the government through parastatals or public corporations can protect both people and the environment.
Providing dust bins in public spaces reduces littering.
Posters in industrial areas can warn the public about potential hazards related to certain production activities.
Prohibitive taxes discourage the production or consumption of goods harmful to health, like high taxes on tobacco products and carbon emission taxes on cars.
- This aims to reduce negative environmental impact.
Individuals can take legal action against industries and organizations causing environmental harm.
Regulatory bodies like ZEMA (Zambia Environment Management Agency) and ERB (Energy Regulations Board) monitor the practices of industries and businesses.
Mass movements and demonstrations can draw attention to environmental issues, leading to corrective measures by businesses or government intervention.

A contract is a legal agreement that creates binding obligations upon the parties involved.
It is an agreement between two or more parties intended to be legally binding.

Contracts serve as a reminder to parties on what is expected of them.
They act as evidence in court in case of breaches and legal litigation.
Contracts specify the terms and actions to be performed by the parties.
They reduce the risk of non-compliance as parties are aware of the consequences of non-performance.
Contracts give title of ownership to parties, like in a contract of sale.
They serve as a permanent record of transactions or agreed terms.
Contracts can be used for accessing funds or borrowing, like a title deed.

A valid contract has two parties:
- Offeror: The party that proposes the contract, expressing willingness to be bound by its terms if the other party agrees.
- Offeree: The party to whom the offer is made. Their acceptance is necessary for the contract to be valid.

Market demand: Assess the demand for the products or services you plan to offer to determine the potential customer base.
Level and type of competition: Identify both the level of competition in the area and the nature of your competitors to determine how you'll differentiate and succeed.
Legal requirements: Ensure compliance with laws such as acquiring trading certificates, council clearance, and obtaining a Tax Clearance Certificate and TPIN (Taxpayer Identification Number) from ZRA (Zambia Revenue Authority).
Security: Consider the crime rate in the chosen location as it may necessitate additional security measures.
Types of customers: Analyze the needs and buying patterns of potential customers, including their economic status, to tailor your offerings accordingly.
Location or site: Choose a location that is likely to generate the desired profit or turnover.
Profitability: Estimate the potential profits over time to determine the business's overall viability.

Small-Scale Retailers: Sell a limited range of goods or services, invest less capital, and have smaller premises. They can be formal or informal, licensed or unlicensed.
Large-Scale Retailers: Offer a wider product range, invest significantly greater capital, and operate in larger spaces.

Small capital: Requires a smaller amount of capital to initiate operations.
Unlimited liability: The owner's personal assets are not legally protected from business debts.
Flexible operating hours: Provides greater convenience for customers.
Over-the-counter selling: Usually offer counter services due to limited space and resources.

An invoice is a document requesting payment from a customer. It includes details about the goods or services provided.
Information on the invoice includes:
- Description of the goods
- Quantity supplied
- Unit and total prices
- Terms of sale
- Discounts offered
- Terms of payment
The buyer should compare invoice information with the Purchase Order, Delivery Note, and Good Received Note (GRN) to ensure they are paying for what they ordered and received.
"E&OE" means Errors and Omissions Excepted, indicating the seller is willing to correct any errors that may be present on the invoice.