Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
An allowance made to a customer for prompt payment is known as
allowance
bulk discount
cash discount
commission
trade discount
Correct answer is C
No explanation has been provided for this answer.
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
a closed indent
an open indent
an order
pro forma invoice
a standing order
Correct answer is A
No explanation has been provided for this answer.
commercialization
indigenity
industrialization
nationalis-ation
privatization
Correct answer is E
No explanation has been provided for this answer.
Which area of law is NOT related to business?
agency
contract
hire purchase
possession
sale of goods
Correct answer is D
No explanation has been provided for this answer.
Which of the following does a seller send in reply to a letter of inquiry?
advice note
credit note
debit note
delivery note
quotation
Correct answer is E
No explanation has been provided for this answer.