Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

506.

A bank overdraft can only be granted to the holder of a

A.

current account

B.

deposit account

C.

fixed deposit

D.

savings account

E.

time deposit

Correct answer is A

No explanation has been provided for this answer.

507.

A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called

A.

Article of Association

B.

Companies’ Act

C.

Memorandum of Association

D.

Deed

E.

Prospectus

Correct answer is C

No explanation has been provided for this answer.

508.

A situation where a consumer's need is the focus of attention is regarded as

A.

consumer orientation

B.

marketing concept

C.

market research

D.

market segmentation

E.

sales orientation

Correct answer is B

No explanation has been provided for this answer.

509.

A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called

A.

agency

B.

contract agreement

C.

legal relation

D.

offer and acceptance

E.

valid contract

Correct answer is E

No explanation has been provided for this answer.

510.

Marketing mix consists of

A.

place, planning, play and price

B.

planning, controlling and organizing

C.

product, place, price and promotion

D.

promotion, play, planning and priceprice, planning, promotion and price

Correct answer is C

No explanation has been provided for this answer.